Overview
What is Arc Thrift Stores Inc?
Arc Thrift Stores Inc is a fundraising organization based in Lakewood, Colorado, with a USAddress at 12345 W Alameda PKWY SUITE 111. They serve as a crucial supporter of various 501(C)(3) nonprofit organizations, primarily those dedicated to programs for individuals with intellectual and developmental disabilities. The association distributes the profits generated from their thrift stores to these sponsored organizations on a monthly basis. Their mission is to positively impact the lives of these individuals and their families by funding the Arc and ACL Chapters in Colorado and Advocacy Denver. The organization employs a substantial workforce of 3346 individuals.
Official website here: www.arcthrift.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
Arc Thrift Stores Inc has received a solid score of 83% from Charity Navigator, reflecting its strong accountability and financial practices. The organization boasts 100% independent board members and has commendable scores in areas such as financial oversight and conflict of interest policies. Notably, the program expense ratio stands at 93.42%, indicating that a significant portion of its resources is devoted to its programs, which is a positive indicator of operational efficiency.
User feedback from platforms like Great Nonprofits highlights the community-focused approach of Arc Thrift Stores. Reviewers appreciate the thrift stores, which not only offer a wide variety of quality items but also emphasize that the proceeds benefit the local community rather than a distant headquarters. Shoppers find the stores well-organized and enjoyable to browse, often discovering great deals on gently used items.
While overall feedback is positive, some concerns may arise regarding the organization's liabilities to assets ratio. At 66.81%, this area could indicate potential financial concerns that might need attention. However, the overwhelmingly positive reviews and strong financial practices suggest that Arc Thrift Stores Inc remains a valuable nonprofit in the Denver area, contributing both to community well-being and sustainability through its operations.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Arc Thrift Stores Inc legitimate?
Arc Thrift Stores Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arc Thrift Stores Inc 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: $1,013,259
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,809,007
For more financial information, click here
Official website here: www.arcthrift.com
What is the mission statement of Arc Thrift Stores Inc?
The Arc Thrift Stores Inc aims to improve the lives of individuals with intellectual and developmental disabilities, as well as their families, by providing financial support to various non-profit organizations. These organizations, which are all classified as 501(c)(3), sponsor programs designed for developmentally disabled citizens. The Arc Thrift Stores Inc distributes the profits from its thrift stores to these associations on a monthly basis, with the funds contributing to the programs' operating expenses. By doing so, the organization plays a crucial role in funding essential services and initiatives for those with intellectual and developmental disabilities.
Official website here: www.arcthrift.com
Who is the CEO of Arc Thrift Stores Inc?
Lloyd Lewis See Sch J Prt Ii is the CEO of Arc Thrift Stores Inc The CEO's salary of Arc Thrift Stores Inc is $540,835 and their total compensation is $734,401.
Official website here: www.arcthrift.com
What is the revenue of Arc Thrift Stores Inc?
Arc Thrift Stores Inc's revenue in 2024 was $137,550,311.
Official website here: www.arcthrift.com
Who are the executives of Arc Thrift Stores Inc and what are their salaries?
The average compensation at Arc Thrift Stores Inc during 2024 was $17,162. There are 3544 employees and 9500 volunteers at Arc Thrift Stores Inc.
Here are 25 key members and their salaries (Arc Thrift Stores Inc's CEO's salary is $540,835 and their total compensation is $734,401):
- Compensation: $540,835
- Related: $0
- Other: $193,566
- Compensation: $242,316
- Related: $0
- Other: $17,405
- Compensation: $239,726
- Related: $0
- Other: $16,915
- Compensation: $180,953
- Related: $0
- Other: $6,991
- Compensation: $156,858
- Related: $0
- Other: $13,634
- Compensation: $149,570
- Related: $0
- Other: $9,348
- Compensation: $145,707
- Related: $0
- Other: $5,966
- Compensation: $137,424
- Related: $0
- Other: $12,779
- Compensation: $137,507
- Related: $0
- Other: $5,610
- Compensation: $123,637
- Related: $0
- Other: $14,788
- Compensation: $107,352
- Related: $0
- Other: $14,750
- Compensation: $87,930
- Related: $0
- Other: $2,444
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.arcthrift.com
Where can I find the form 990 for Arc Thrift Stores Inc?
Arc Thrift Stores Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.arcthrift.com
Learn more at the official website: www.arcthrift.com
Mission Statement of Arc Thrift Stores Inc
Arc Thrift Stores Inc is a mission-driven organization that focuses on enhancing the lives of individuals with intellectual and developmental disabilities, as well as their families, in Colorado and through Advocacy Denver. By operating thrift stores, this funding source supports various non-profit organizations, all of which are 501(c)(3) entities, and their programs for developmentally disabled citizens. The Association distributes a portion of the thrift store profits to these organizations on a regular basis to cover their program service expenses. These expenses encompass the costs associated with running the thrift stores. Through its financial contributions, Arc Thrift Stores Inc significantly impacts the lives of those it aims to help, enabling them to access essential resources and services.
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Impact
October, 2024
Arc Thrift Stores Inc significantly enhances the lives of individuals with intellectual and developmental disabilities and their families. By operating thrift stores, the organization generates essential funding that supports various programs aimed at improving the quality of life for these individuals in Colorado. This funding is allocated to partner organizations such as the Arc and ACL Chapters, as well as Advocacy Denver, facilitating services and resources tailored to their needs.
The operation of these thrift stores also provides an eco-friendly approach to retail, encouraging community members to donate items and shop sustainably. The revenue generated not only fuels important advocacy and support programs but also fosters a sense of community engagement and awareness around the challenges faced by individuals with disabilities.
In essence, Arc Thrift Stores Inc plays a pivotal role in both supporting essential services for vulnerable populations and promoting sustainable practices within the community. Through its financial contributions, the organization helps to create a more inclusive society, empowering those with developmental disabilities and their families.
This information is meant to be a general summary of Arc Thrift Stores Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,302,790
- Gross Receipts: $139,486,156
Assets and Liabilities:
- Total Assets: $64,232,403
- Total Liabilities: $14,655,265
- Net Assets: $49,577,138
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Organization Details
Founding Year
1968
Principal Officer
Kevin Mann
Website
www.arcthrift.comNTEE Category
Code: P820 - Human services
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