Operation of a thrift store with net profits being donated to various students, families and charities in need.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
5 of 5
filings with a surplus
Average surplus $48K a year · 12% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$35K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$460K
+8% vs prior year
Spent
$398K
To programs
91%
Net assets
$649K
By yearFY2020–FY2024
Revenue
$460K
FY2023▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$294K
FY2021$383K
FY2022$425K
FY2023$460K
FY2024$493K
Expenses
$398K
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$256K
FY2021$334K
FY2022$363K
FY2023$398K
FY2024$464K
Net assets
$649K
FY2023▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$477K
FY2021$526K
FY2022$587K
FY2023$649K
FY2024$678K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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

91 cents of each dollar spent went to programs.

Program services 91% · $361K Management & general 8% · $33K Fundraising 1% · $4K

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

8 people listed on the 990.

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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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 a thrift store, donating profits to students, families, and charities.

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Provided by the organization

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2 programs · $361K · in their own filed words · FY2023
01

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

$343Kprogram 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.

$18Kprogram 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 · 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 →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$460K
Ln 12
Fees for servicesLn 2g$426K
Gifts and grantsLn 1h$29K
Other incomeLn 4–11$5K
Money outPt IX
$398K
Ln 25
Programscol B$361K
Managementcol C$33K
Fundraisingcol D$4K
Owns and owesPt X
$649K
net assets · Ln 32
Cash and savingsLn 1–2$209K
Total assetsLn 16$685K
LiabilitiesLn 26$35K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Fees for servicesLn 2g$426K
Investment incomeLn 3$97
Other incomeLn 4–11$5K
Total revenueLn 12$460K
Assets in detailPt X, end of year
CashLn 1$78K
SavingsLn 2$131K
Cash and savings togetherLn 1–2$209K
Land, buildings, equipmentLn 10c$476K
Total assetsLn 16$685K
LiabilitiesLn 26$35K
Net assetsLn 32$649K
OperationsPt I, VI
EmployeesI 55
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$182K$209K
Land, buildings, equipmentLn 10c$473K$476K
Total assetsLn 16$655K$685K
LiabilitiesLn 26$68K$35K
Net assetsLn 32$587K$649K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$234K$234K
Pay of disqualified personsLn 6$76K$57K$15K$4K
Other salaries and wagesLn 7$9K$9K
Other employee benefitsLn 9$2K$2K$346$87
Payroll taxesLn 10$6K$5K$1K$289
Office expensesLn 13$14K$846$14K
OccupancyLn 16$31K$31K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$18K$17K$282
InsuranceLn 23$4K$4K$199
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$398K$361K$33K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $493K$464K$28K$678K 990 PDF
FY2023 Viewing $460K$398K$63K$649K 990 PDF
FY2022 $425K$363K$61K$587K 990 PDF
FY2021 $383K$334K$49K$526K 990 PDF
FY2020 $294K$256K$37K$477K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $460,239 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $36,290$28,930
I-9 Program service revenuePrior year $385,032$425,727
I-10 Investment incomePrior year $64$97
I-11 Other revenuePrior year $3,118$5,485
I-12 Total revenuePrior year $424,504$460,239
I-13 Grants and similar amounts paidPrior year $213,000$234,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $85,931$93,241
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $64,403$70,451
I-18 Total expensesPrior year $363,334$397,692
I-19 Revenue less expensesPrior year $61,170$62,547
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $460,239 across 6 lines filed
VIII-1f All other contributions, gifts and grants$28,930
VIII-1h Total contributions, gifts and grants$28,930
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $425,727$425,727
VIII-3 Investment incomeExcluded from tax $97$97
VIII-6 Net rental income or lossExcluded from tax $5,485$5,485
VIII-12 Total revenueRelated to mission $425,727 · Unrelated business $0 · Excluded from tax $5,582$460,239
Part IX · Statement of functional expenses $397,692 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $234,000$234,000
IX-6 Pay of disqualified personsPrograms $56,740 · Management $15,131 · Fundraising $3,783$75,654
IX-7 Other salaries and wagesPrograms $9,160$9,160
IX-9 Other employee benefitsPrograms $1,506 · Management $346 · Fundraising $87$1,939
IX-10 Payroll taxesPrograms $5,042 · Management $1,157 · Fundraising $289$6,488
IX-13 Office expensesPrograms $846 · Management $13,610$14,456
IX-16 OccupancyPrograms $31,023$31,023
IX-20 InterestManagement $2,062$2,062
IX-22 Depreciation, depletion and amortizationPrograms $17,339 · Management $282$17,621
IX-23 InsurancePrograms $3,786 · Management $199$3,985
IX-24 Other expenses (24a–d)Programs $1,304$1,304
IX-25 Total functional expensesPrograms $360,746 · Management $32,787 · Fundraising $4,159$397,692
Part X · Balance sheet $684,733 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $51,284$78,225
X-2 Savings and temporary cash investmentsStart of year $130,632$130,879
X-10c Land, buildings and equipment, netStart of year $472,597$475,629
X-16 Total assetsStart of year $654,513$684,733
X-26 Total liabilitiesStart of year $67,656$35,329
X-27 Net assets without donor restrictionsStart of year $571,857$634,404
X-28 Net assets with donor restrictionsStart of year $15,000$15,000
X-32 Total net assets or fund balancesStart of year $586,857$649,404
X-33 Total liabilities and net assetsStart of year $654,513$684,733
Part XI · Reconciliation of net assets $649,404 net assets at year end
XI-1 Total revenue$460,239
XI-2 Total expenses$397,692
XI-3 Revenue less expenses$62,547
XI-4 Net assets at start of year$586,857
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$649,404

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

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