Fvca Thrift INC EIN 27-1112121 Form 990 (PDF) Claim this org

Fvca Thrift INC FY2020 filing

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Funds private education for students. For fiscal year 2020 it reported $215K in revenue, $245K in expenses, and $245K in net assets.Pt I

Founded
2009
Type
Public charity (501(c)(3)) · Human Services
Location
Appleton, WI
Website
www.fairmarketthriftstore.com
Filings
6 on file (2020–2020)
Revenue
$215KFY2020
Expenses
$245K
Net assets
$245K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  27-1112121 Public charity (501(c)(3)) Appleton, WI Founded 2009
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds private education for students.
Leadership
Sheila Wenzel · Executive Di · $24K
Money in and out
$215K revenue, $245K expenses
Bottom line
94% program efficiency
Where the money goes · FY2020
Total revenue
$215K
Pt VIII · Ln 12
Total expenses
$245K
Pt IX · Ln 25
Net assets
$245K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$30K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs
Operating runway
9.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$215K
FY2020
Expenses
$245K
FY2020
Total assets
$610K
FY2020
Total liabilities
$366K
FY2020
Total revenue
$215K
Pt VIII · Ln 12
Total expenses
$245K
Pt IX · Ln 25
Net assets
$245K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$30K
Total assetsPt X · Ln 16$610K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFvca Thrift INC
EINHdr · item D27-1112121
Principal addressHdr · item CAppleton, WI
WebsiteHdr · item Jwww.fairmarketthriftstore.com
Year of formationHdr · item L2009
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P29)
Ruling yearIRS BMFFeb 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$24,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sheila Wenzel’s $45K as Executive Director and Secretary is at the 33rd percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sheila Wenzel$45,000$30,000$30,000$25,400$24,800$24,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $231K of program spending, described in the organization's own filed words · FY2020.
01

Allocated 140,500 to fox valley christian academy to support educational programs.

$140Kprogram expense
02

Total program sservice expenses required to support the thrift store and grow income.

$90Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$208K · 97%
Contributions & grants$5K · 2%
Investment income$2K · 1%
Other revenue97%$208K
Contributions & grants2%$5K
Investment income1%$2K
Total revenueLn 12$215K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$231K
Management & general6%$15K
Total functional expensesLn 25$245K

Balance Sheet

Part X · end of year
CashLn 1$203K
Total assetsLn 16$610K
Total liabilitiesLn 26$366K
Total net assetsLn 32$245K
Months of cash on handcomputed9.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $203K · Operating expenses/yr $245K
9.9 months
Where the money goes
Program services
Program services $231K · Total expenses $245K
94%
Management & General
Management & general $15K · Total expenses $245K
6%
Fundraising
Fundraising $0 · Total expenses $245K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $5K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $5K · Total revenue $215K
2%
Government reliance
Government grants — · Total revenue $215K
Earned-income share
Program service revenue $0 · Total revenue $215K
0%
Investment reliance
Investment income $2K · Total revenue $215K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $245K
0%
Growth & trend
Revenue growth (YoY)
This year $215K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $245K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $215K · Expenses $245K
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $610K
Net-asset ratio
Net assets $245K · Total assets $610K
40%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $610K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sheila Wenzel · Reported title EXECUTIVE DI · Highest reported compensation $24K · Total expenses $245K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $85K · Total expenses $245K
34%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Accounting fee ratio 0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$201
Grants paid · 6 grants · $1.5M · 2020–2025
Valley Christian SchoolFY2025$400,500
Valley ChristianFY2022$206,423
Fox Valley ChrisWI · FY2021$215,500
Fox Valley Christian AcademyWI · FY2020$140,500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$778K revenue · ⤓ 990 PDF
FY2024$609K revenue · ⤓ 990 PDF
FY2023$479K revenue · ⤓ 990 PDF
FY2022$420K revenue · ⤓ 990 PDF
FY2021$347K revenue · ⤓ 990 PDF
FY2020$215K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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