Reclaimed Resale INC EIN 46-5628708

Reclaimed Resale INC FY2022 filing

EIN  46-5628708 Public charity (501(c)(3)) Metamora, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Operates a thrift store, donating profits to students, families, and charities.
Leadership
Anita Cummings · Director
Money in and out
$425K revenue, $363K expenses
Bottom line
90% program efficiency

Operates a thrift store, donating profits to students, families, and charities. For fiscal year 2022 it reported $425K in revenue, $363K in expenses, and $587K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$425K
Pt VIII · Ln 12
Total expenses
$363K
Pt IX · Ln 25
Net assets
$587K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $61K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.09 Fundraising $0.01
Program efficiency
90%
of spending reaches programs
Operating runway
6.0mo
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 2022 · Form 990
Revenue
$425K
FY2022▲ +11%
Expenses
$363K
FY2022▲ +9%
Total assets
$655K
FY2022▲ +3%
Total liabilities
$68K
FY2022▼ -37%
Total revenue
$425K
Pt VIII · Ln 12
Total expenses
$363K
Pt IX · Ln 25
Net assets
$587K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$61K
Total assetsPt X · Ln 16$655K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

2 program services account for $326K of program spending, described in the organization's own filed words · FY2022.
01

Operation of thrift store resulting in DONATIONS/GRANTS to various students, families, and charities.

$315Kprogram expense
02

Partnering with Youth for Christ

Heart of il (a 501c3 org) to provide a place where students connect with compassionate adults who can help them grow academically, relationally, emotionally, and spiritually. Reclaimed resale owns the building, youth for christ operates weekly programs.

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CReclaimed Resale INC
EINHdr · item D46-5628708
Principal addressHdr · item CMetamora, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P29)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretarytreasurer
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Reclaimed Resale INC executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$385K · 91%
Contributions & grants$36K · 9%
Other revenue$3K · 1%
Program service revenue91%$385K
Contributions & grants9%$36K
Other revenue1%$3K
Investment income$64
Total revenueLn 12$425K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.09 Fundraising $0.01
Program services90%$326K
Management & general9%$33K
Fundraising1%$4K
Total functional expensesLn 25$363K

Balance Sheet

Part X · end of year
CashLn 1$182K
Total assetsLn 16$655K
Total liabilitiesLn 26$68K
Total net assetsLn 32$587K
Months of cash on handcomputed6.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $182K · Operating expenses/yr $363K
6.0 months
Where the money goes
Program services
Program services $326K · Total expenses $363K
90%
Management & General
Management & general $33K · Total expenses $363K
9%
Fundraising
Fundraising $4K · Total expenses $363K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $1K · Solicited contributions (3-yr avg) $35K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $36K · Total revenue $425K
9%
Government reliance
Government grants — · Total revenue $425K
Earned-income share
Program service revenue $385K · Total revenue $425K
91%
Investment reliance
Investment income $64 · Total revenue $425K
0%
Program self-sufficiency
Program service revenue $385K · Total expenses $363K
106%
Growth & trend
Revenue growth (YoY)
This year $425K · Prior year $383K
+11%
Net-asset trend (YoY)
End of year $587K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $425K · Expenses $363K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $655K
Net-asset ratio
Net assets $587K · Total assets $655K
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $655K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Anita Cummings · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $363K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $86K · Total expenses $363K
24%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 9%
Fundraising cost ratio 11%
Revenue growth 11%
Accounting fee ratio 0%

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 · FY2020
Total grants receivedfrom 1 funder$8K
Grants paid · 58 grants · $954K · 2020–2024
Synder VillageIL · FY2024$39,000
St Marys Catholic ChurchFY2024$24,000
Mths Educational FundFY2024$14,000
Germantown Hills Grade School FoundFY2024$14,000
Riverview Community CsdFY2024$14,000
Open Arms Food PantryFY2024$14,000
Spring Bay Food PantryIL · FY2024$14,000
Great Oaks Community ChurchIL · FY2024$13,000
HeartlinehearthouseIL · FY2024$12,000
Woodford County Special EducationFY2024$10,000
Metamora Park FoundationIL · FY2024$6,000
Christian Union ChurchFY2024$6,000
Great Oaks Community ChurchIL · FY2023$13,500
Mths Educational FundFY2023$13,000
See all 58 grants →

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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
FY2024 (Latest)$493K revenue · ⤓ 990 PDF
FY2023$460K revenue · ⤓ 990 PDF
FY2022$425K revenue · viewing · ⤓ 990 PDF
FY2021$383K revenue · ⤓ 990 PDF
FY2020$294K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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