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The Bargain Store

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 823091765 ✦ Minerva, OH ✦ Designated as a 501(c)(3)

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Overview

What is The Bargain Store?

The Bargain Store is a thrift store located at 8924 BAYARD, MINERVA, OH, 44657. Its primary objective is to generate profits through the sale of donated household items, subsequently donating all net earnings to Olive Branch Ministries, a local nonprofit organization. Olive Branch Ministries, also a 501C3 entity, offers residential services, daily living skills training, and social services to adults with intellectual challenges. The Bargain Store's contributions significantly aid Olive Branch Ministries in fulfilling its mission. The organization operates with a team of 9 dedicated employees.


Official website here: www.thebargainstorethrift.com

Is The Bargain Store legitimate?

The Bargain Store is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bargain Store submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $40,752
Professional Fundraising Fees: $0
Other Salaries and Wages: $145,638

For more financial information, click here


Official website here: www.thebargainstorethrift.com

What is the mission statement of The Bargain Store?

The Bargain Store operates by accepting donated household items from the public and reselling them, with the net profits being donated to a local charity, Olive Branch Ministries. This non-profit organization, classified as a 501C3, provides various services to adults with intellectual challenges. These services include residential care, training in daily living skills, and social services. By supporting The Bargain Store, individuals are indirectly contributing to the welfare and development of adults with intellectual challenges through the funds raised.


Official website here: www.thebargainstorethrift.com

Who is the CEO of The Bargain Store?

Eli Weaver is the Chairman of The Bargain Store.


Official website here: www.thebargainstorethrift.com

What is the revenue of The Bargain Store?

The Bargain Store's revenue in 2022 was $414,531.


Official website here: www.thebargainstorethrift.com

Who are the executives of The Bargain Store and what are their salaries?

The average compensation at The Bargain Store during 2022 was $20,710. There are 9 employees at The Bargain Store.


Here are 6 key members and their salaries:


Eli Weaver (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Overholt (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wilma Overholt (Secretary/Tr)
  • Compensation: $6,529
  • Related: $0
  • Other: $0
Russell Zimmerman (Director/Sto)
  • Compensation: $40,752
  • Related: $0
  • Other: $0
Amanda Weaver (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janelle Zimmerman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thebargainstorethrift.com

Where can I find the form 990 for The Bargain Store?

The Bargain Store's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.thebargainstorethrift.com

Learn more at the official website: www.thebargainstorethrift.com

Mission Statement of The Bargain Store

The Bargain Store, a thrift store, plays a significant role in contributing to charitable causes. It acquires a variety of household goods from the general public and sells them at reasonable prices. The primary objective of this store is not for profit but to generate funds. All the earnings derived from these sales are donated to Olive Branch Ministries, a local non-profit organization. This organization, recognized as a 501C3, offers residential services, training in daily living skills, and social services to adults with intellectual challenges. By shopping at The Bargain Store, customers not only find affordable items but also contribute to the welfare of individuals in need, thereby making a difference in their lives.

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Impact




October, 2024

The Bargain Store significantly impacts the local community by operating as a thrift store that collects donated household items from the public and resells them, with all net profits directed to support Olive Branch Ministries. This local mission is essential in providing residential services, training in daily living skills, and social services for adults with intellectual challenges. By offering a space for community members to donate items they no longer need, The Bargain Store not only promotes sustainability and reduces waste but also creates a source of funding that enhances the quality of life for individuals who receive support from Olive Branch Ministries. Through its operations, The Bargain Store fosters a sense of community involvement and social responsibility, making a lasting positive difference in Minerva, OH, and surrounding areas.




This information is meant to be a general summary of The Bargain Store. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$414,531 (2022)
Expenses
$322,312 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $411,099
  • Gross Receipts: $414,531

Assets and Liabilities:

  • Total Assets: $292,483
  • Total Liabilities: $226,016
  • Net Assets: $66,467

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MERCHANDISE SALES

Revenue

$411,099

Organization Details

Founding Year

2017

Principal Officer

Eli Weaver

Main Address

8924 BAYARD, MINERVA, OH, 44657

NTEE Category

Code: P29 - Human services

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