Overview
What is Caring Community Thrift Stores Inc?
Caring Community Thrift Stores Inc, located at 186 Shadow Lake Drive, Branson, Missouri 65616, is a nonprofit organization that raises funds and provides support for local charities through its thrift store operations. With a dedicated workforce of 27 individuals, this organization operates with the primary mission of making a positive impact in its community by channeling resources towards various charitable causes. The thrift store serves as a platform for community engagement, fostering a sense of unity and mutual support among its patrons.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
Caring Community Thrift Stores Inc has received a rating of 53%, which is considered low and results in a One-Star designation. This rating reflects significant concerns regarding the organization's accountability and finance practices. Notably, the charity has no independent board members, which raises questions about governance and oversight. Despite these issues, the organization has demonstrated a strong program expense ratio of 97.49%, indicating that a substantial portion of its funds is directed towards its charitable activities.
While the charity's performance in certain areas, such as material diversion of assets and the liabilities to assets ratio, shows positive management of resources, the lack of essential governance policies is concerning. The absence of a conflict of interest policy, whistleblower policy, and document retention policy could potentially expose the organization to risks that may affect its operations and reputation. Furthermore, the charity's failure to maintain a website or make crucial financial documents accessible to the public further diminishes transparency.
In summary, while Caring Community Thrift Stores Inc allocates most of its expenditures to programs and services, significant governance deficiencies and a lack of independent oversight are noted. Prospective donors and stakeholders should consider these factors when evaluating the organization's overall effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Caring Community Thrift Stores Inc legitimate?
Caring Community Thrift Stores Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caring Community 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: $60,008
Professional Fundraising Fees: $0
Other Salaries and Wages: $193,873
For more financial information, click here
What is the mission statement of Caring Community Thrift Stores Inc?
Caring Community Thrift Stores Inc's mission is centered around raising funds and providing support for local charitable organizations. By operating as a thrift store, the organization contributes to this mission by generating revenue and resources that can be allocated to various charitable causes in the community. This mission statement reflects the organization's commitment to making a positive impact on local communities by leveraging the power of thrift shopping. The store's activities are geared towards supporting these charities, with the ultimate goal of improving the lives of individuals in need.
Who is the CEO of Caring Community Thrift Stores Inc?
Jeremy Storment is the President of Caring Community Thrift Stores Inc.
What is the revenue of Caring Community Thrift Stores Inc?
Caring Community Thrift Stores Inc's revenue in 2022 was $535,847.
Who are the executives of Caring Community Thrift Stores Inc and what are their salaries?
The average compensation at Caring Community Thrift Stores Inc during 2022 was $9,403. There are 27 employees at Caring Community Thrift Stores Inc.
Here are 3 key members and their salaries:
- Compensation: $60,008
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Caring Community Thrift Stores Inc?
Caring Community Thrift Stores Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Caring Community Thrift Stores Inc
Caring Community Thrift Stores Inc is a nonprofit organization dedicated to raising funds and providing support for local charities. At its core, the mission of this thrift store is to serve as a platform for generating resources that can positively impact various community-based initiatives. By selling donated items, Caring Community Thrift Stores Inc contributes to a network of local charities, thereby strengthening the community as a whole. The store's activities are geared towards promoting social welfare and supporting the needs of less fortunate individuals in the community.
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Impact
July, 2024
Caring Community Thrift Stores Inc's impact lies in its ability to raise funding and support for local charities through its thrift store operations in Branson, Missouri. This organization plays a crucial role in providing resources and assistance to various charitable causes in the community by leveraging the power of philanthropy and retail. Through their thrift store model, Caring Community Thrift Stores Inc is able to generate revenue that directly benefits those in need and contributes to the overall well-being of the local community.
This information is meant to be a general summary of Caring Community 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 2022.
- Program Service Revenue: $535,847
- Gross Receipts: $535,847
Assets and Liabilities:
- Total Assets: $98,392
- Total Liabilities: $9,033
- Net Assets: $89,359
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sales
Revenue
$535,847
Organization Details
Founding Year
2020
Phone
(417) 230-9372Principal Officer
Jeremy Storment
Main Address
186 Shadow Lake Drive, Branson, MO, 65616
NTEE Category
Code: T50 - Philanthropy
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