Quaker Thrift Store INC

Tax-deductible

Midlothian, VA501(c)(3)Human ServicesEIN 54-1811064

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(1) Provide Funds to 501(c)(3) charities by selling thrift items. (2) Provide one-time financial assistance to persons in need who are referred by Social Services Agencies and other trusted sources.

501(c)(3) charity; gifts are tax-deductible.
19¢ of each $1 spent went to programs.
Run by 12 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
19%
of spending
Concern: 19% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 17% of spending
Top officer’s pay lower than 80% of similar orgs
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$222K
Spent
$188K
To programs
19%
Net assets
$56K

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020. IRS ruling in Nov 2021.

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

Where the money goes

19 cents of each dollar spent went to programs.

Program services 19% · $36K Management & general 81% · $152K

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

6 people listed on the 990; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation
$32,400Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Elizabeth Schanz’s $32K as Manager is at the 20th percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Quaker Thrift Store 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 15aYes

Programs and updates

Sells thrift items to fund charities and provide financial aid to those in need.

Provided by the organization

This section is blank until Quaker Thrift Store INC claims this page.

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2 program services account for $36K of program spending, described in the organization's own filed words · FY2020.
01

Provide funds to 501(c)(3) charities by selling thrift items: Assisting Families of Inmates $3396.60; Autism Society of Central VA $2766.52; SPICES for Life, Inc. $3939.17; Chesterfield Food Bank $4026.49; Housing Familes First $3521.27; Sacred Heart Center $4880.49; Communities in Schools $4999.72; Communities in Schools $4999.72…

$35Kprogram expense
02

Provided one-time financial assistance to persons in need who were referred by Social Services agencies and other trusted sources. Two (2) persons granted an average of $408.07.

$816program expense

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$222K
Ln 12
Other incomeLn 4–11$189K
Gifts and grantsLn 1h$33K
Money outPt IX
$188K
Ln 25
Programscol B$36K
Managementcol C$152K
Owns and owesPt X
$56K
net assets · Ln 32
Cash and savingsLn 1–2$56K
Total assetsLn 16$56K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Other incomeLn 4–11$189K
Total revenueLn 12$222K
Assets in detailPt X, end of year
CashLn 1$56K
Cash and savings togetherLn 1–2$56K
Total assetsLn 16$56K
LiabilitiesLn 26$0
Net assetsLn 32$56K
OperationsPt I, VI
EmployeesI 510
VolunteersI 612
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$22K$56K
Total assetsLn 16$22K$56K
LiabilitiesLn 26$0$0
Net assetsLn 32$22K$56K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$35K$35K
Grants to domestic individualsLn 2$816$816
Pay of current officers, directors and key staffLn 5$29K$29K
Other salaries and wagesLn 7$65K$65K
Payroll taxesLn 10$7K$7K
Office expensesLn 13$2K$2K
Information technologyLn 14$904$904
OccupancyLn 16$29K$29K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$19K$0$19K
Total functional expensesLn 25$188K$36K$152K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $222K$188K$34K$56K 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 (4 parts)
Part VIII · Statement of revenue $222,456 across 9 lines filed
Lines not itemized here account for $189,027 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$33,429
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$33,429
VIII-12 Total revenueRelated to mission $189,027 · Unrelated business $0 · Excluded from tax $0$222,456
Part IX · Statement of functional expenses $188,170 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $35,152$35,152
IX-2 Grants to domestic individualsPrograms $816$816
IX-5 Pay of current officers, directors and key staffManagement $28,647$28,647
IX-7 Other salaries and wagesManagement $64,698$64,698
IX-10 Payroll taxesManagement $7,141$7,141
IX-13 Office expensesManagement $1,699$1,699
IX-14 Information technologyManagement $904$904
IX-16 OccupancyManagement $28,527$28,527
IX-23 InsuranceManagement $1,324$1,324
IX-24 Other expenses (24a–d)Programs $0 · Management $19,262$19,262
IX-25 Total functional expensesPrograms $35,968 · Management $152,202 · Fundraising $0$188,170
Part X · Balance sheet $56,311 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $22,025$56,311
X-16 Total assetsStart of year $22,025$56,311
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $22,025$56,311
X-33 Total liabilities and net assetsStart of year $22,025$56,311
Part XI · Reconciliation of net assets $56,311 net assets at year end
XI-1 Total revenue$222,456
XI-2 Total expenses$188,170
XI-3 Revenue less expenses$34,286
XI-4 Net assets at start of year$22,025
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$56,311

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

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