Osu Folk Club Thrift Shop Inc

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

EIN: 930963284 ✦ Corvallis, OR ✦ Designated as a 501(c)(3)

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Overview

What is Osu Folk Club Thrift Shop Inc?

Osu Folk Club Thrift Shop Inc, based in Benton County, Oregon, is a nonprofit organization with a commendable mission. They encourage recycling by accepting donations of clothing and small household items. The primary aim of this nonprofit is to generate funds through the sale of these donations. The net profit they accumulate is then channeled towards two significant causes: scholarships for students at Oregon State University and grants for local non-profit organizations within Benton County. This philanthropic endeavor is managed through the OSU Folk Club Thrift Shop Foundation, demonstrating their commitment to both education and community service.


Official website here: www.osufolk.oregonstate.edu/thrift-shop

Is Osu Folk Club Thrift Shop Inc legitimate?

Osu Folk Club Thrift Shop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Osu Folk Club Thrift Shop Inc submitted a form 990EZ, 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.


Official website here: www.osufolk.oregonstate.edu/thrift-shop

What is the mission statement of Osu Folk Club Thrift Shop Inc?

The Osu Folk Club Thrift Shop Inc's mission is centered around promoting recycling, specifically of clothing and small household items. They accomplish this by accepting donations. The organization then utilizes its earnings for noble purposes, allocating funds towards scholarships for Oregon State University students and grants for non-profit organizations within Benton County, Oregon. These awards are managed through the OSU Folk Club Thrift Shop Foundation. The shop's mission essentially aims to support the educational pursuits of students and contribute to the betterment of the local community.


Official website here: www.osufolk.oregonstate.edu/thrift-shop

Who is the CEO of Osu Folk Club Thrift Shop Inc?

Douglas Severs is the President of Osu Folk Club Thrift Shop Inc.


Official website here: www.osufolk.oregonstate.edu/thrift-shop

What is the revenue of Osu Folk Club Thrift Shop Inc?

Osu Folk Club Thrift Shop Inc's revenue in 2022 was $180,460.


Official website here: www.osufolk.oregonstate.edu/thrift-shop

Who are the executives of Osu Folk Club Thrift Shop Inc and what are their salaries?


Here are 8 key members and their salaries:


Douglas Severs (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Severs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosie Toy (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Ann Langstine (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Strowbridge (Building Ops)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eneke Warnke (Volunteer Mgr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bonnie Tomski (Internal Ops)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Lykins (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.osufolk.oregonstate.edu/thrift-shop

Where can I find the form 990EZ for Osu Folk Club Thrift Shop Inc?

Osu Folk Club Thrift Shop Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.osufolk.oregonstate.edu/thrift-shop

Learn more at the official website: www.osufolk.oregonstate.edu/thrift-shop

Mission Statement of Osu Folk Club Thrift Shop Inc

Osu Folk Club Thrift Shop Inc is dedicated to serving its community in Benton County, Oregon, with a primary focus on recycling clothing and small household items. The organization accepts donations of these items and utilizes the net profits generated to fund two significant initiatives. Firstly, they award scholarships to students attending Oregon State University, providing financial assistance to deserving individuals seeking higher education. Secondly, Osu Folk Club Thrift Shop Inc contributes to grants for non-profit organizations within the county, offering additional support to local community projects. This mission is carried out through the OSU Folk Club Thrift Shop Foundation, which oversees the distribution of these scholarships and grants, contributing to the overall well-being and development of Benton County.

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Impact




October, 2024

Osu Folk Club Thrift Shop Inc plays a vital role in promoting sustainability and community support in Benton County, Oregon. By facilitating the recycling of clothing and small household items through donations, it encourages responsible consumption and reduces waste. The shop’s operations not only provide affordable goods to local residents but also generate net profits that are reinvested into the community.

The impact extends beyond recycling; the thrift shop actively supports education and civic development by awarding scholarships to students at Oregon State University and grants to local nonprofit organizations. This commitment to education helps empower individuals and fosters a culture of learning within the community. Additionally, the funding for civic projects contributes to the overall well-being and development of Benton County, addressing various community needs.

Overall, the Osu Folk Club Thrift Shop Inc is a catalyst for positive change, intertwining environmental responsibility with social and educational advancement, thus enhancing the quality of life in its community.




This information is meant to be a general summary of Osu Folk Club Thrift Shop 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
$180,460 (2022)
Expenses
$122,861 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $305
  • Gross Receipts: $180,460

Assets and Liabilities:

  • Total Assets: $446,826
  • Total Liabilities: $0
  • Net Assets: $446,826

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Organization Details

Principal Officer

Douglas Severs

Main Address

144 NW 2nd Street, Corvallis, OR, 97330

NTEE Category

Code: P29 - Human services

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