Good Stuff Thrift INC FY2020 filing

Tax-deductible

Doylestown, PA501(c)(3)Since 2013Human ServicesEIN 46-0882455Revenue $3.5M in FY2020

On file with the IRSgoodstuffthrift.org3633 N Easton Rd, 18902-7518 · Doylestown, PATax-exempt since Jul 2014Publicly supported — 509(a)(2)

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Our mission is to operate the most efficient line of Thrift Stores, so that we may provide the highest level of charitable funding to assist needy children in our communities.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
4 of 5
filings with a surplus
Average surplus $207K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $14K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$431K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
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
$3.5M
Spent
$3.3M
To programs
92%
Net assets
$671K
By yearFY2020–FY2024
Revenue
$3.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.5M
FY2021$5.0M
FY2022$5.5M
FY2023$6.8M
FY2024$7.0M
Expenses
$3.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$4.2M
FY2022$5.7M
FY2023$6.6M
FY2024$6.9M
Net assets
$671K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$671K
FY2021$1.5M
FY2022$1.2M
FY2023$1.8M
FY2024$1.9M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2014.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $3.0M Management & general 8% · $279K Fundraising 0% · $1K

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.

Part VII, Section A · reportable compensation
Executive Dir.
$0Pt VII · Sec A
Deputy Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Good Stuff Thrift INC executive salaries →

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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

Operates thrift stores to fund aid for needy children.

Questions for Good Stuff Thrift INC

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Provided by the organization

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1 program · $3.0M · in their own filed words · FY2020
01

Our mission is to operate the most efficient line of Thrift Stores,so that we may provide the highest level of charitable funding to assist needy children in our communities.

$3.0Mprogram 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 2 funders$14K
Grants paid · 28 grants · $1.8M · 2023–2024
Christs HomePA · FY2024$108,000
Lenape Valley FoundationFY2024$95,000
Choice OnePA · FY2024$88,000
Young LifeCO · FY2024$78,000
Jesus Focus Ministry INCPA · FY2024$68,000
Lakeside Youth ServicePA · FY2024$51,000
TreehouseFY2024$35,000
Carson Simpson CampPA · FY2024$33,000
Every Good GiftPA · FY2024$13,000
Baby BureauPA · FY2024$13,000
Lenape Valley FoundationPA · FY2023$130,000
Christs HomePA · FY2023$130,000
See all 28 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Fees for servicesLn 2g$3.2M
Gifts and grantsLn 1h$264K
Money outPt IX
$3.3M
Ln 25
Programscol B$3.0M
Managementcol C$279K
Fundraisingcol D$1K
Owns and owesPt X
$671K
net assets · Ln 32
Cash and savingsLn 1–2$731K
Total assetsLn 16$1.1M
LiabilitiesLn 26$431K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$264K
Government grantsLn 1e$264K
Fees for servicesLn 2g$3.2M
Gains on assetsLn 7$0
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$281K
SavingsLn 2$450K
Cash and savings togetherLn 1–2$731K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$226K
Other assetsLn 15$25K
Total assetsLn 16$1.1M
LiabilitiesLn 26$431K
Net assetsLn 32$671K
OperationsPt I, VI
EmployeesI 575
VolunteersI 6200
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 FY20End FY20
Cash and savingsLn 1–2$491K$731K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$268K$226K
Total assetsLn 16$912K$1.1M
LiabilitiesLn 26$431K$431K
Net assetsLn 32$481K$671K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.2M$1.2M
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$68K$68K
Payroll taxesLn 10$121K$121K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$9K$7K$3K
Advertising and promotionLn 12$13K$6K$5K$1K
Office expensesLn 13$138K$134K$4K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$451K$451K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$122K$122K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$55K$55K
InsuranceLn 23$100K$68K$32K
Other expenses (24a–d)Ln 24$758K$690K$68K
All other expensesLn 24e$246K$201K$45K
Total functional expensesLn 25$3.3M$3.0M$279K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7.0M$6.9M$116K$1.9M 990 PDF
FY2023 $6.8M$6.6M$246K$1.8M 990 PDF
FY2022 $5.5M$5.7M−$296K$1.2M 990 PDF
FY2021 $5.0M$4.2M$780K$1.5M 990 PDF
FY2020 Viewing $3.5M$3.3M$190K$671K 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 FY2020 990 (6 parts)
Part I · Summary $3,503,035 revenue, 12 lines filed
I-8 Contributions and grants$264,395
I-9 Program service revenuePrior year $3,409,730$3,249,311
I-10 Investment incomePrior year $62$0
I-11 Other revenuePrior year −$3,091−$10,671
I-12 Total revenuePrior year $3,406,701$3,503,035
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,458,871$1,421,886
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,724,336$1,891,483
I-18 Total expensesPrior year $3,183,207$3,313,369
I-19 Revenue less expensesPrior year $223,494$189,666
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 $3,503,035 across 9 lines filed
VIII-1e Government grants$264,395
VIII-1h Total contributions, gifts and grants$264,395
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,249,311$3,249,311
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or lossUnrelated business −$10,671−$10,671
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $3,249,311 · Unrelated business −$10,671$3,503,035
Part IX · Statement of functional expenses $3,313,369 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,232,367$1,232,367
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $68,035$68,035
IX-10 Payroll taxesPrograms $121,484$121,484
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $6,630 · Management $2,837$9,467
IX-12 Advertising and promotionPrograms $6,415 · Management $5,131 · Fundraising $1,283$12,829
IX-13 Office expensesPrograms $133,895 · Management $3,828$137,723
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $451,126$451,126
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $122,265$122,265
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $54,620$54,620
IX-23 InsurancePrograms $67,794 · Management $31,820$99,614
IX-24 Other expenses (24a–d)Programs $689,812 · Management $67,951$757,763
IX-24e All other expensesPrograms $200,689 · Management $45,387$246,076
IX-25 Total functional expensesPrograms $3,032,867 · Management $279,219 · Fundraising $1,283$3,313,369
Part X · Balance sheet $1,101,564 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $340,994$280,671
X-2 Savings and temporary cash investmentsStart of year $150,276$450,276
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $267,829$226,066
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $131,010$119,501
X-15 Other assetsStart of year $21,789$25,050
X-16 Total assetsStart of year $911,898$1,101,564
X-24 Unsecured notes and loans payableStart of year $430,580$430,580
X-26 Total liabilitiesStart of year $430,580$430,580
X-27 Net assets without donor restrictionsStart of year $481,318$670,984
X-32 Total net assets or fund balancesStart of year $481,318$670,984
X-33 Total liabilities and net assetsStart of year $911,898$1,101,564
Part XI · Reconciliation of net assets $670,984 net assets at year end
XI-1 Total revenue$3,503,035
XI-2 Total expenses$3,313,369
XI-3 Revenue less expenses$189,666
XI-4 Net assets at start of year$481,318
XI-10 Net assets at end of year$670,984

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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