Overview
What is Nearly New Shop Inc?
Nearly New Shop Inc, located in Sunnyvale, California, is a compact nonprofit organization with a modest workforce of just two individuals. Their primary mission is to support the advancement of women's education. They accomplish this by selling donated used goods, which are generously contributed by the public. The proceeds from these sales are then allocated to the PEO Foundation's endowment scholarship fund. This fund, in turn, aids in promoting educational opportunities for women. While their impact may be local, Nearly New Shop Inc plays a significant role in empowering women through education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 73%)
Nearly New Shop Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates strengths in certain areas, it also has notable deficiencies that need addressing. The organization has a robust program expense ratio of 85.43%, suggesting that a significant amount of funds is directed towards its mission. The board governance is strong, with all board members being independent, and the organization adheres to proper documentation practices for board meeting minutes.
However, there are critical areas that require improvement. The nonprofit is missing several key policies including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which are essential for transparency and accountability. Additionally, the tax form is not available on the nonprofit's website, which detracts from its overall accountability and financial transparency. These limitations indicate a need for the organization to enhance its governance practices to better serve its community and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Nearly New Shop Inc legitimate?
Nearly New Shop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nearly New Shop 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,345
For more financial information, click here
What is the mission statement of Nearly New Shop Inc?
Nearly New Shop Inc's mission is centered around supporting the advancement of women's education. They accomplish this by raising funds through the sale of donated goods from the public. One of their significant contributions has been to the PEO Foundation's endowment scholarship fund, furthering the cause of women's education. This organization's actions are driven by a commitment to promoting educational opportunities for women, thereby empowering them.
What is the revenue of Nearly New Shop Inc?
Nearly New Shop Inc's revenue in 2024 was $203,322.
Who are the executives of Nearly New Shop Inc and what are their salaries?
The average compensation at Nearly New Shop Inc during 2024 was $14,672. There are 2 employees and 133 volunteers at Nearly New Shop Inc.
Here are 4 key members and their salaries:
- 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 Nearly New Shop Inc?
Nearly New Shop Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Nearly New Shop Inc
Nearly New Shop Inc, a nonprofit organization, is dedicated to furthering the education of women. Their mission is to raise funds through the sale of donated second-hand goods from the public. These funds are then channeled towards the PEO Foundation's endowment scholarship fund, thereby supporting the advancement of women's education. By doing so, Nearly New Shop Inc plays a significant role in empowering women and contributing to their academic growth.
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Impact
October, 2024
Nearly New Shop Inc significantly impacts the community by promoting and supporting women's education. Through the sale of donated goods, the organization raises funds that are directed toward the PEO Foundation endowment scholarship fund. This funding initiative plays a crucial role in advancing educational opportunities for women, helping to empower them and foster greater equality in education. Located in Sunnyvale, CA, Nearly New Shop Inc effectively mobilizes community resources to create tangible benefits, ensuring that contributions from the public directly support the advancement of women's educational goals. The focus on human services highlights its commitment to social progress and empowerment.
This information is meant to be a general summary of Nearly New 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $15
- Gross Receipts: $425,123
Assets and Liabilities:
- Total Assets: $463,056
- Total Liabilities: $1,397
- Net Assets: $461,659
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Organization Details
Founding Year
1958
Principal Officer
Linda Fellingham
NTEE Category
Code: P29Z - Human services
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