Overview
What is Bargains Galore Thrift Store?
Bargains Galore Thrift Store is a nonprofit organization situated at 224 Chenoweth Street, Mount Vernon, Washington 98273. Their primary mission is to support Mount Vernon Christian School, a non-profit K-12 educational institution, by making Christian education more affordable. The thrift store accomplishes this by generating funds through sales. Additionally, Bargains Galore Thrift Store offers on-the-job training to its volunteers, providing them with valuable experience. The organization operates with a team of 39 dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 71%)
Bargains Galore Thrift Store shows notable strengths in governance and accountability, achieving a perfect score of 100% in the Accountability & Finance category. The organization benefits from an entirely independent board and has established conflict of interest policies, which enhances its governance structure. However, it faces significant challenges in financial transparency, as evidenced by a score of 0 in various financial reporting aspects, including the availability of financial statements and the absence of required documents on its website.
Despite these weaknesses, Bargains Galore has a strong program expense ratio of 98.45%, indicating that a high percentage of its expenditures directly support its mission. The organization demonstrates responsible management of its assets, with a liabilities to assets ratio of 42.18%. Nevertheless, the lack of transparency regarding financial statements and insufficient documentation poses concerns for potential donors and stakeholders looking for clarity on financial health and operational practices.
To improve its rating, Bargains Galore Thrift Store would benefit from enhancing its financial transparency and ensuring that all required documents are accessible to the public. By addressing these limitations, the organization can bolster trust with its supporters and improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Bargains Galore Thrift Store legitimate?
Bargains Galore Thrift Store is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bargains Galore Thrift Store 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: $51,792
Professional Fundraising Fees: $0
Other Salaries and Wages: $460,740
For more financial information, click here
What is the mission statement of Bargains Galore Thrift Store?
Bargains Galore Thrift Store's mission is centered around supporting Mount Vernon Christian School, a K-12 exempt organization. The thrift store aims to make Christian education more affordable for parents by raising funds. Additionally, the store offers on-the-job training to its volunteers, providing them with an opportunity to gain practical skills. By supporting the school and providing training, Bargains Galore Thrift Store contributes to the community, fostering access to education and skill development.
Who is the CEO of Bargains Galore Thrift Store?
Harmen Dejong is the Manager of Bargains Galore Thrift Store.
What is the revenue of Bargains Galore Thrift Store?
Bargains Galore Thrift Store's revenue in 2022 was $1,061,791.
Who are the executives of Bargains Galore Thrift Store and what are their salaries?
The average compensation at Bargains Galore Thrift Store during 2022 was $13,142. There are 39 employees and 21 volunteers at Bargains Galore Thrift Store.
Here are 9 key members and their salaries:
- Compensation: $51,792
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bargains Galore Thrift Store?
Bargains Galore Thrift Store's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bargains Galore Thrift Store
Bargains Galore Thrift Store, as a mission-driven organization, is dedicated to supporting Mount Vernon Christian School, a non-profit K-12 educational institution. The thrift store's primary objective is to make Christian education more affordable for parents. To achieve this, Bargains Galore Thrift Store relies on the active participation of its volunteers. The store provides on-the-job training to these volunteers, fostering a learning environment while simultaneously contributing to the school's financial well-being. By doing so, Bargains Galore Thrift Store plays a pivotal role in supporting the educational endeavors of Mount Vernon Christian School, enabling it to provide high-quality, affordable Christian education to its students.
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Impact
July, 2024
Bargains Galore Thrift Store's impact is significant in providing funds to Mount Vernon Christian School, making Christian education more affordable for K-12 students. Additionally, the thrift store offers on-the-job training to volunteers, contributing to both the financial support of the school and the development of valuable skills for community members. This dual mission of supporting education and providing practical training demonstrates the store's commitment to both the school and the local community in Mount Vernon, WA.
This information is meant to be a general summary of Bargains Galore Thrift Store. 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.
- Investment Income: $131
- Program Service Revenue: $1,061,578
- Gross Receipts: $1,061,791
Assets and Liabilities:
- Total Assets: $1,721,837
- Total Liabilities: $826,030
- Net Assets: $895,807
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF DONATED ITEMS
Revenue
$1,061,578
Organization Details
Founding Year
1994
Phone
(360) 424-0908Principal Officer
Harmen Dejong
Main Address
224 CHENOWETH ST, MOUNT VERNON, WA, 98273
NTEE Category
Code: P29Z - Human services
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