Overview
What is Osprey Village Thrift Stores Llc?
Osprey Village Thrift Stores Llc is a nonprofit organization located at 2600 Main Street Unit 101, Hilton Head Island, South Carolina. Their primary mission is to financially support Osprey Village Inc., an organization dedicated to assisting intellectually and developmentally disabled (IDD) adults. They achieve this by operating a thrift store that serves as a job and vocational training setting for these individuals. In November 2016, they leased a new location on Hilton Head Island, which also includes office space for meetings and additional space for partner organizations. The new thrift store and offices opened in March 2017, with a local nonprofit engaging to assist in cleaning the new areas. The thrift store's profits contribute to Osprey Village Inc.'s charitable, educational, and other programs. With 11 employees, Osprey Village Thrift Stores Llc continues to support the local community and provide opportunities for individuals with special needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Osprey Village Thrift Stores has achieved a Four-Star rating from Charity Navigator, indicating a high level of transparency and accountability in its financial practices. With an overall score derived entirely from its Accountability & Finance metrics, the organization demonstrates strong governance and financial health, as reflected in its fiscal year 2022 performance.
The nonprofit scored exceptionally well across multiple criteria, including a perfect score for having a majority of independent board members and no material diversion of assets. Additionally, Osprey Village has implemented effective policies regarding conflicts of interest, whistleblower protections, and document retention, further underscoring its commitment to ethical management.
One notable strength is the organization's impressive program expense ratio of 97.33%, indicating that a significant portion of its resources is directed towards its mission-related activities rather than administrative costs. Overall, Osprey Village operates with high standards of accountability, although specific programmatic impacts or community feedback were not highlighted in the rating data provided.
This AI summary has been generated from information found on Charity Navigator.
Is Osprey Village Thrift Stores Llc legitimate?
Osprey Village Thrift Stores Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Osprey Village Thrift Stores Llc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,229
For more financial information, click here
What is the mission statement of Osprey Village Thrift Stores Llc?
Osprey Village Thrift Stores LLC's mission is to aid Osprey Village Inc. in promoting its charitable, educational, and other programs. They achieve this by operating one or more thrift stores, generating financial support for Osprey Village's initiatives. The Okatie area thrift store, in particular, contributes operational funds towards developing a community that supports intellectually and developmentally disabled adults. Additionally, the thrift store serves as a vocational training setting for these individuals. In November 2016, Osprey Village Thrift Stores signed a lease to open a new store on Hilton Head Island, providing office space for staff meetings, a conference room for board meetings, and additional space for partner organizations to collaborate with Osprey Village. The new store and offices were opened in March 2017, with a local nonprofit organization engaged to provide a work enclave for adults with intellectual and developmental disabilities to maintain the new store and office areas.
Who is the CEO of Osprey Village Thrift Stores Llc?
Edward Hampton Greene is the Chairman of Osprey Village Thrift Stores Llc.
What is the revenue of Osprey Village Thrift Stores Llc?
Osprey Village Thrift Stores Llc's revenue in 2021 was $474,527.
Who are the executives of Osprey Village Thrift Stores Llc and what are their salaries?
The average compensation at Osprey Village Thrift Stores Llc during 2021 was $9,203. There are 11 employees and 65 volunteers at Osprey Village Thrift Stores Llc.
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Where can I find the form 990 for Osprey Village Thrift Stores Llc?
Osprey Village Thrift Stores Llc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Osprey Village Thrift Stores Llc
Osprey Village Thrift Stores LLC, a subsidiary organization, plays a crucial role in supporting Osprey Village Inc. By operating one or more thrift stores, the entity generates financial resources to promote the nonprofit's charitable, educational, and various other programs. The Okatie Area Thrift Store, specifically, contributes operational funds towards the development of a community known as "a Neighborhood with a Purpose," designed to cater to intellectually and developmentally disabled (IDD) adults in the area. Furthermore, the thrift store serves as a job and vocational training setting for these special needs individuals.
In November 2016, Osprey Village Thrift Stores LLC secured a lease to open a new store and office space on Hilton Head Island. The new location, which opened in March 2017, offers 1300 square feet of office space for staff to meet with clients, a conference room for board meetings, and additional space for partner organizations to collaborate with Osprey Village. A local nonprofit organization specialized in serving adults with IDD was subsequently engaged to establish a work enclave at the new store and office areas. The thrift store's operations not only contribute financially to Osprey Village Inc.'s initiatives but also provide valuable vocational training opportunities for IDD adults.
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Impact
July, 2024
Osprey Village Thrift Stores Llc's impact is significant as it plays a crucial role in supporting Osprey Village Inc.'s charitable, educational, and other programs. By operating thrift stores in the Okatie area and Hilton Head Island, the organization generates ongoing operational funds dedicated to creating a supportive community for intellectually and developmentally disabled adults in the region. Additionally, these thrift stores provide job/vocational training opportunities for special needs adults, empowering them with valuable skills and work experience.
The opening of a new thrift store on Hilton Head Island not only expands the organization's reach but also provides essential office space for staff to meet with clients, conduct board meetings, and collaborate with partner organizations. Through partnerships with local entities that serve adults with IDD, Osprey Village Thrift Stores Llc fosters a sense of community and inclusion by involving these individuals in the maintenance and cleaning of the store and office spaces.
Overall, Osprey Village Thrift Stores Llc's impact extends beyond financial contributions, creating a tangible and meaningful difference in the lives of intellectually and developmentally disabled adults by providing them with opportunities for employment, skill development, and community engagement.
This information is meant to be a general summary of Osprey Village Thrift Stores Llc. 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 2021.
- Investment Income: $25
- Gross Receipts: $474,527
Assets and Liabilities:
- Total Assets: $101,566
- Total Liabilities: $3,237
- Net Assets: $98,329
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Organization Details
Founding Year
2011
Phone
(843) 422-6099Principal Officer
Edward Hampton Greene
Main Address
2600 MAIN STREET UNIT 101, HILTON HEAD ISLAND, SC, 29926
NTEE Category
Code: T12 - Philanthropy
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