Fvca Thrift INC FY2023 filing

Tax-deductible

Neenah, WI501(c)(3)Since 2009Human ServicesEIN 27-1112121Revenue $479K in FY2023

On file with the IRSfairmarketthriftstore.com756 Yorkshire Rd, 54956-4930 · Neenah, WITax-exempt since Feb 2010Publicly supported — 509(a)(2)

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Mission is to use the Thrift store income to support private education. In 2025 400,500 was committed to valley christian school in oshkosh WI

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$30K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $72K a year · 15% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$30K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 17.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $201
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$496K
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$479K
+14% vs prior year
Spent
$373K
To programs
94%
Net assets
$435K
By yearFY2020–FY2025
Revenue
$479K
FY2023▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$215K
FY2021$347K
FY2022$420K
FY2023$479K
FY2024$609K
FY2025$778K
Expenses
$373K
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$245K
FY2021$344K
FY2022$339K
FY2023$373K
FY2024$493K
FY2025$622K
Net assets
$435K
FY2023▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2020$245K
FY2021$248K
FY2022$329K
FY2023$435K
FY2024$551K
FY2025$707K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $352K Management & general 6% · $21K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dire
$30,000Pt 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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds private education for students.

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Provided by the organization

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2 programs · $352K · in their own filed words · FY2023
01

Committed 200500 to fox valley christian school in oshkosh

$200Kprogram expense
02

Total program expenses required to support education programs

$151Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$479K
Ln 12
Other incomeLn 4–11$464K
Investment incomeLn 3$8K
Gifts and grantsLn 1h$7K
Money outPt IX
$373K
Ln 25
Programscol B$352K
Managementcol C$21K
Owns and owesPt X
$435K
net assets · Ln 32
Cash and savingsLn 1–2$555K
Total assetsLn 16$931K
LiabilitiesLn 26$496K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7K
Investment incomeLn 3$8K
Other incomeLn 4–11$464K
Total revenueLn 12$479K
Assets in detailPt X, end of year
CashLn 1$344K
SavingsLn 2$211K
Cash and savings togetherLn 1–2$555K
Land, buildings, equipmentLn 10c$366K
Total assetsLn 16$931K
LiabilitiesLn 26$496K
Net assetsLn 32$435K
OperationsPt I, VI
EmployeesI 514
VolunteersI 6110
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$318K$555K
Land, buildings, equipmentLn 10c$376K$366K
Total assetsLn 16$701K$931K
LiabilitiesLn 26$372K$496K
Net assetsLn 32$329K$435K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$200K$200K
Pay of current officers, directors and key staffLn 5$30K$30K
Other salaries and wagesLn 7$87K$87K
Payroll taxesLn 10$10K$10K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$18K$18K
OccupancyLn 16$39K$39K
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24−$31K−$31K
Total functional expensesLn 25$373K$352K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $778K$622K$156K$707K 990 PDF
FY2024 $609K$493K$116K$551K 990 PDF
FY2023 Viewing $479K$373K$106K$435K 990 PDF
FY2022 $420K$339K$81K$329K 990 PDF
FY2021 $347K$344K$4K$248K 990 PDF
FY2020 $215K$245K−$30K$245K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $479,016 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,347$6,817
I-9 Program service revenue$0
I-10 Investment incomePrior year $385$8,062
I-11 Other revenuePrior year $413,688$464,137
I-12 Total revenuePrior year $420,420$479,016
I-13 Grants and similar amounts paidPrior year $194,762$200,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $100,542$126,955
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $44,067$45,486
I-18 Total expensesPrior year $339,371$372,941
I-19 Revenue less expensesPrior year $81,049$106,075
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $479,016 across 6 lines filed
Lines not itemized here account for $460,387 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$6,817
VIII-1h Total contributions, gifts and grants$6,817
VIII-3 Investment incomeUnrelated business $8,062$8,062
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,750$3,750
VIII-12 Total revenueRelated to mission $464,137 · Unrelated business $8,062$479,016
Part IX · Statement of functional expenses $372,941 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $200,500$200,500
IX-5 Pay of current officers, directors and key staffPrograms $30,000$30,000
IX-7 Other salaries and wagesPrograms $86,960$86,960
IX-10 Payroll taxesPrograms $9,995$9,995
IX-11c Accounting feesPrograms $3,116$3,116
IX-12 Advertising and promotionManagement $3,599$3,599
IX-13 Office expensesManagement $17,521$17,521
IX-16 OccupancyPrograms $38,614$38,614
IX-22 Depreciation, depletion and amortizationPrograms $9,872$9,872
IX-23 InsurancePrograms $3,656$3,656
IX-24 Other expenses (24a–d)Programs −$30,892−$30,892
IX-25 Total functional expensesPrograms $351,821 · Management $21,120 · Fundraising $0$372,941
Part X · Balance sheet $930,863 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $215,333$343,862
X-2 Savings and temporary cash investmentsStart of year $102,832$210,822
X-9 Prepaid expenses and deferred chargesStart of year $7,651$10,513
X-10c Land, buildings and equipment, netStart of year $375,538$365,666
X-16 Total assetsStart of year $701,354$930,863
X-17 Accounts payable and accrued expensesStart of year $16,944$51,651
X-18 Grants payableStart of year $100,000$200,000
X-26 Total liabilitiesStart of year $372,081$495,565
X-32 Total net assets or fund balancesStart of year $329,273$435,298
X-33 Total liabilities and net assetsStart of year $701,354$930,863
Part XI · Reconciliation of net assets $435,298 net assets at year end
XI-1 Total revenue$479,016
XI-2 Total expenses$372,941
XI-3 Revenue less expenses$106,075
XI-4 Net assets at start of year$329,273
XI-10 Net assets at end of year$435,298

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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