Steeple People Thrift Store

Tax-deductible

Minneapolis, MN501(c)(3)EIN 41-1359864Revenue $254K in FY2024

On file with the IRSoldschoolthrifty.org2728 Lyndale Ave S, 55408-1301 · Minneapolis, MNTax-exempt since Apr 1980Publicly supported charity — 170(b)(1)(A)(vi)

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receives donations of personal household goods and clothing Proceeds are used to cover operating costs and provide small donations

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 300 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $4K a year · 2% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $48
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$20K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$254K
+12% vs prior year
Spent
$242K
To programs
100%
Net assets
$122K
By yearFY2021–FY2024
Revenue
$254K
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2021$261K
FY2022$275K
FY2023$226K
FY2024$254K
Expenses
$242K
FY2024-0.3%
Tap a bar for its year
Expenses by fiscal year
FY2021$286K
FY2022$262K
FY2023$243K
FY2024$242K
Net assets
$122K
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2021$113K
FY2022$126K
FY2023$109K
FY2024$122K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1980.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $242K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2023FY2022
Morgan Stemberger$50,000$50,000

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 15aYes

Programs and updates

Distributes donated household goods and clothing to fund operations and provide aid.

Questions for Steeple People Thrift Store

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Provided by the organization

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1 program · $242K · in their own filed words · FY2024
01

We organize and run a small thrift store in our neighborhood. We serve as a community space and involve volunteers in all aspects of the organization. We focus on the values of reuse & encouraging volunteers

$242Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$48

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$254K
Ln 12
Fees for servicesLn 2g$252K
Investment incomeLn 3$2K
Money outPt IX
$242K
Ln 25
Programscol B$242K
Owns and owesPt X
$122K
net assets · Ln 32
Cash and savingsLn 1–2$143K
Total assetsLn 16$143K
LiabilitiesLn 26$20K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Noncash giftsLn 1g$254K
Fees for servicesLn 2g$252K
Investment incomeLn 3$2K
Total revenueLn 12$254K
Assets in detailPt X, end of year
CashLn 1$143K
Cash and savings togetherLn 1–2$143K
Total assetsLn 16$143K
LiabilitiesLn 26$20K
Net assetsLn 32$122K
OperationsPt I, VI
EmployeesI 53
VolunteersI 6300
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$133K$143K
Total assetsLn 16$133K$143K
LiabilitiesLn 26$24K$20K
Net assetsLn 32$109K$122K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$93K$93K
Pension plan contributionsLn 8$8K$8K
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$17K$17K
Office expensesLn 13$19K$19K
OccupancyLn 16$100K$100K
Total functional expensesLn 25$242K$242K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $254K$242K$11K$122K 990 PDF
FY2023 $226K$243K−$17K$109K 990 PDF
FY2022 $275K$262K$13K$126K 990 PDF
FY2021 $261K$286K−$25K$113K 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 FY2024 990 (6 parts)
Part I · Summary $253,567 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,021$0
I-9 Program service revenuePrior year $224,939$251,500
I-10 Investment incomePrior year $318$2,067
I-11 Other revenue$0
I-12 Total revenuePrior year $226,278$253,567
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $118,383$122,883
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $124,690$119,515
I-18 Total expensesPrior year $243,073$242,398
I-19 Revenue less expensesPrior year −$16,795$11,169
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $253,567 across 5 lines filed
VIII-1g Noncash contributions (included above)$253,566
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $251,500$251,500
VIII-3 Investment incomeRelated to mission $2,067$2,067
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $253,567 · Unrelated business $0 · Excluded from tax $0$253,567
Part IX · Statement of functional expenses $242,398 across 6 lines filed
IX-7 Other salaries and wagesPrograms $92,731$92,731
IX-8 Pension plan contributionsPrograms $7,715$7,715
IX-9 Other employee benefitsPrograms $5,850$5,850
IX-10 Payroll taxesPrograms $16,587$16,587
IX-13 Office expensesPrograms $19,015$19,015
IX-16 OccupancyPrograms $100,500$100,500
IX-25 Total functional expensesPrograms $242,398 · Management $0 · Fundraising $0$242,398
Part X · Balance sheet $142,656 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $133,218$142,656
X-16 Total assetsStart of year $133,218$142,656
X-17 Accounts payable and accrued expensesStart of year $23,782$20,233
X-26 Total liabilitiesStart of year $23,782$20,233
X-32 Total net assets or fund balancesStart of year $109,436$122,423
X-33 Total liabilities and net assetsStart of year $133,218$142,656
Part XI · Reconciliation of net assets $122,423 net assets at year end
XI-1 Total revenue$253,567
XI-2 Total expenses$242,398
XI-3 Revenue less expenses$11,169
XI-4 Net assets at start of year$109,436
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$122,423

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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