Twice Is Nice INC

Tax-deductible

Charlottesvle, VA501(c)(3)Human ServicesEIN 54-1154688

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IT Is our mission to use revenue generated from the sales of donations to assist local seniors in need.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 116 volunteers and 19 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
4 of 5
filings with a surplus
Average surplus $365K a year · 33% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+17% vs prior year
Spent
$902K
To programs
93%
Net assets
$3.0M
By yearFY2020–FY2024
Revenue
$1.6M
FY2024▲ +17%
Revenue by fiscal year
FY2020$554K
FY2021$939K
FY2022$1.1M
FY2023$1.3M
FY2024$1.6M
Expenses
$902K
FY2024▲ +9%
Expenses by fiscal year
FY2020$603K
FY2021$615K
FY2022$747K
FY2023$829K
FY2024$902K
Net assets
$3.0M
FY2024▲ +42%
Net assets by fiscal year
FY2020$796K
FY2021$1.2M
FY2022$1.5M
FY2023$2.1M
FY2024$3.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1981.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $842K Management & general 7% · $60K

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

12 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
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Twice Is Nice 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

Sells donated items to help local seniors.

Provided by the organization

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1 program · $842K · in their own filed words · FY2024
01

Twice is nice operates retail stores and uses the proceeds from the sale of donated items to benefit seniors. The organization's values are: - help seniors in need - practice sustainability through recycling and reducing waste - be socially impactful and inclusive - sell high quality (upscale) items - provide competitive, yet affordable…

$842Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 12 grants · $849K · 2020–2024
JabaVA · FY2023$40,000
JabaVA · FY2022$40,000
JabaVA · FY2021$40,000
JabaVA · FY2020$40,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$109K
Gifts and grantsLn 1h$6K
Money outPt IX
$902K
Ln 25
Programscol B$842K
Managementcol C$60K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$464K
Total assetsLn 16$3.0M
LiabilitiesLn 26$9K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$109K
Gains on assetsLn 7$28K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$339K
SavingsLn 2$125K
Cash and savings togetherLn 1–2$464K
InvestmentsLn 11–13$2.4M
Land, buildings, equipmentLn 10c$43K
Other assetsLn 15$52K
Total assetsLn 16$3.0M
LiabilitiesLn 26$9K
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 519
VolunteersI 6116
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$479K$464K
InvestmentsLn 11–13$1.6M$2.4M
Land, buildings, equipmentLn 10c$0$43K
Total assetsLn 16$2.1M$3.0M
LiabilitiesLn 26$10K$9K
Net assetsLn 32$2.1M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$236K$236K
Other salaries and wagesLn 7$264K$264K
Pension plan contributionsLn 8$4K$4K
Other employee benefitsLn 9$8K$8K
Payroll taxesLn 10$21K$21K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$31K$31K
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$15K$3K$11K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$12K$12K
OccupancyLn 16$214K$214K
Conferences, conventions and meetingsLn 19$3K$3K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$11K$9K$2K
Other expenses (24a–d)Ln 24$55K$55K
Total functional expensesLn 25$902K$842K$60K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.6M$902K$674K$3.0M 990 PDF
FY2023 $1.3M$829K$516K$2.1M 990 PDF
FY2022 $1.1M$747K$362K$1.5M 990 PDF
FY2021 $939K$615K$324K$1.2M 990 PDF
FY2020 $554K$603K−$49K$796K 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 (5 parts)
Part I · Summary $1,576,659 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,708$5,703
I-9 Program service revenuePrior year $1,307,549$1,462,291
I-10 Investment incomePrior year $24,497$108,665
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,344,754$1,576,659
I-13 Grants and similar amounts paidPrior year $235,000$235,850
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $266,801$296,459
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $327,066$370,014
I-18 Total expensesPrior year $828,867$902,323
I-19 Revenue less expensesPrior year $515,887$674,336
Part VIII · Statement of revenue $1,576,659 across 6 lines filed
VIII-1f All other contributions, gifts and grants$5,703
VIII-1h Total contributions, gifts and grants$5,703
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,462,291$1,462,291
VIII-3 Investment incomeExcluded from tax $81,040$81,040
VIII-7 Net gain or loss on sales of assetsExcluded from tax $27,625$27,625
VIII-12 Total revenueRelated to mission $1,462,291 · Unrelated business $0 · Excluded from tax $108,665$1,576,659
Part IX · Statement of functional expenses $902,323 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $235,850$235,850
IX-7 Other salaries and wagesPrograms $264,039$264,039
IX-8 Pension plan contributionsPrograms $3,617$3,617
IX-9 Other employee benefitsPrograms $8,223$8,223
IX-10 Payroll taxesPrograms $20,580$20,580
IX-11b Legal feesManagement $7,955$7,955
IX-11c Accounting feesManagement $30,750$30,750
IX-11f Investment management feesManagement $5,857$5,857
IX-11g Other fees for servicesPrograms $3,405 · Management $11,350$14,755
IX-12 Advertising and promotionPrograms $7,007$7,007
IX-13 Office expensesPrograms $12,427$12,427
IX-16 OccupancyPrograms $214,211$214,211
IX-19 Conferences, conventions and meetingsManagement $2,811$2,811
IX-22 Depreciation, depletion and amortizationPrograms $8,560$8,560
IX-23 InsurancePrograms $9,120 · Management $1,630$10,750
IX-24 Other expenses (24a–d)Programs $54,931$54,931
IX-25 Total functional expensesPrograms $841,970 · Management $60,353 · Fundraising $0$902,323
Part X · Balance sheet $2,967,346 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $353,915$338,510
X-2 Savings and temporary cash investmentsStart of year $125,000$125,000
X-9 Prepaid expenses and deferred chargesStart of year $11,151$19,480
X-10c Land, buildings and equipment, netStart of year $0$42,797
X-11 Publicly traded securitiesStart of year $1,573,127$2,389,184
X-12 Other securitiesStart of year $27,202$0
X-15 Other assetsStart of year $2,375$52,375
X-16 Total assetsStart of year $2,092,770$2,967,346
X-25 Other liabilitiesStart of year $9,866$8,927
X-26 Total liabilitiesStart of year $9,866$8,927
X-27 Net assets without donor restrictionsStart of year $2,082,904$2,958,419
X-32 Total net assets or fund balancesStart of year $2,082,904$2,958,419
X-33 Total liabilities and net assetsStart of year $2,092,770$2,967,346
Part XI · Reconciliation of net assets $2,958,419 net assets at year end
XI-1 Total revenue$1,576,659
XI-2 Total expenses$902,323
XI-3 Revenue less expenses$674,336
XI-4 Net assets at start of year$2,082,904
XI-5 Net unrealized gains (losses) on investments$201,179
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,958,419

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

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