Renew Upscale Thrift Inc

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

EIN: 862648953 ✦ Grand rapids, MI ✦ Designated as a 501(c)(3)

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Overview

What is Renew Upscale Thrift Inc?

Renew Upscale Thrift Inc is a nonprofit organization situated in Grand Rapids, Michigan. Established in August 2021, its primary mission is to support NorthPointe Christian School by generating funds through the sale of donated items. The organization operates with a team of 13 dedicated individuals, all working towards their goal of reducing tuition costs for every student at the school. By donating and shopping at Renew Upscale Thrift Store, individuals contribute to this noble cause, helping to make education more affordable for the NorthPointe Christian School community.


Official website here: www.renewthrift.com

Is Renew Upscale Thrift Inc legitimate?

Renew Upscale Thrift Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renew Upscale Thrift 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: $35,317
Professional Fundraising Fees: $0
Other Salaries and Wages: $41,786

For more financial information, click here


Official website here: www.renewthrift.com

What is the mission statement of Renew Upscale Thrift Inc?

Renew Upscale Thrift Inc, established in August 2021, is committed to raising funds with the sales of donated merchandise. The primary objective of this thrift store is to contribute to reducing tuition costs for all students attending Northpointe Christian School. By supporting Renew Upscale Thrift Inc, individuals are indirectly contributing to making education more affordable for a larger student body. The store's activities aim to foster a more equitable educational environment for all students, enabling them to pursue their studies without financial constraints.


Official website here: www.renewthrift.com

Who is the CEO of Renew Upscale Thrift Inc?

Renee Lee is the Store Director of Renew Upscale Thrift Inc.


Official website here: www.renewthrift.com

What is the revenue of Renew Upscale Thrift Inc?

Renew Upscale Thrift Inc's revenue in 2022 was $363,229.


Official website here: www.renewthrift.com

Who are the executives of Renew Upscale Thrift Inc and what are their salaries?

The average compensation at Renew Upscale Thrift Inc during 2022 was $5,931. There are 13 employees and 40 volunteers at Renew Upscale Thrift Inc.


Here are 9 key members and their salaries:


Sheila Tolsma (Store Director)
  • Compensation: $19,910
  • Related: $0
  • Other: $0
Bill Vandyke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Kemmerer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Schmidt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Velting (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee Lee (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Kooistra (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Keessen (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luther Scruggs (Store Director Started Feb 2)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.renewthrift.com

Where can I find the form 990 for Renew Upscale Thrift Inc?

Renew Upscale Thrift Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.renewthrift.com

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

Mission Statement of Renew Upscale Thrift Inc

Renew Upscale Thrift Inc, a nonprofit organization, is committed to a noble mission: to generate funds. This mission is geared towards reducing tuition fees for all students attending Northpointe Christian School. By selling donated merchandise, Renew Upscale Thrift Inc aims to make education more affordable for every student at the school, demonstrating its commitment to community support and educational equality.

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Impact




October, 2024

Renew Upscale Thrift Inc significantly impacts the community by providing essential financial support to NorthPointe Christian School students. By selling donated merchandise, the thrift store generates crucial funds aimed at reducing tuition costs for families, making education more accessible. This initiative not only alleviates the financial burden on parents but also fosters a spirit of community engagement, encouraging local residents to contribute through donations and purchases. Operating in Grand Rapids, MI, ReNew Upscale Thrift Store demonstrates a commitment to enhancing educational opportunities while promoting sustainable practices through the reuse of goods.




This information is meant to be a general summary of Renew Upscale Thrift 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.

Revenue
$363,229 (2022)
Expenses
$192,403 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $50
  • Gross Receipts: $363,229

Assets and Liabilities:

  • Total Assets: $1,048,316
  • Total Liabilities: $894,029
  • Net Assets: $154,287

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Programs

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

Store Revenue

Revenue

$155,579

COGS - donated products

Revenue

-$155,579

Organization Details

Founding Year

2021

Principal Officer

Renee Lee

Main Address

2995 28th St SE, Grand Rapids, MI, 49512

NTEE Category

Code: P29 - Human services

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