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Second Source Thrift Store

Tax-deductible

Jefferson Cty, TN501(c)(3)Since 2004Human ServicesEIN 62-1419841Revenue $805K in FY2025

On file with the IRSPo Box 197, 37760-0197 · Jefferson Cty, TNTax-exempt since Jul 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Second Source Thrift Store provides relief to residents of the jefferson city, TN area by making donated good,(clothes, furniture, etc) available to customers at affordable prices and by providing financial support to other poverty relief ministries.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 42 volunteers and 57 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $20K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$289K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 11 voting members
Looks good: 7 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$805K
+19% vs prior year
Spent
$844K
To programs
100%
Net assets
$977K
By yearFY2020–FY2025
Revenue
$805K
FY2025▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$427K
FY2022$598K
FY2023$685K
FY2024$676K
FY2025$805K
Expenses
$844K
FY2025▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020$404K
FY2022$532K
FY2023$651K
FY2024$659K
FY2025$844K
Net assets
$977K
FY2025▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2022$1.1M
FY2023$1.2M
FY2024$1.0M
FY2025$977K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2012-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jul 2014.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $844K

Form 990 Part IX, line 25. 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
Jean Ann Washam
Chairperson
$0Pt VII · Sec A
Dan Odonivan
Vice President
$0Pt VII · Sec A
Carol Melton
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Phil Kindred
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Mary E Darby
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Second Source Thrift Store 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 goods affordably, helping local residents and poverty relief ministries.

Questions for Second Source Thrift Store

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Provided by the organization

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1 program · $844K · in their own filed words · FY2025
01

Donations from appalachian outreach to carson newman university for operating budget for poverty relief ministries.

$844Kprogram 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 · 1 grant · $84K · 2020–2020
Appalachian Outreach Carson Newman UniversityFY2020$84,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$805K
Ln 12
Other incomeLn 4–11$795K
Gifts and grantsLn 1h$10K
Money outPt IX
$844K
Ln 25
Programscol B$844K
Owns and owesPt X
$977K
net assets · Ln 32
Cash and savingsLn 1–2$178K
Total assetsLn 16$1.3M
LiabilitiesLn 26$289K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Other incomeLn 4–11$795K
Total revenueLn 12$805K
Assets in detailPt X, end of year
CashLn 1$178K
Cash and savings togetherLn 1–2$178K
Total assetsLn 16$1.3M
LiabilitiesLn 26$289K
Net assetsLn 32$977K
OperationsPt I, VI
EmployeesI 557
VolunteersI 642
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 FY25End FY25
Cash and savingsLn 1–2$90K$178K
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$162K$289K
Net assetsLn 32$1.0M$977K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$478K$478K
Management feesLn 11a$143K$143K
Other fees for servicesLn 11g$100$100
Advertising and promotionLn 12$95$95
InterestLn 20$23K$23K
Payments to affiliatesLn 21$107K$107K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$8K$8K
All other expensesLn 24e$72K$72K
Total functional expensesLn 25$844K$844K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $805K$844K−$39K$977K 990 PDF
FY2024 $676K$659K$17K$1.0M 990 PDF
FY2023 $685K$651K$34K$1.2M 990 PDF
FY2022 $598K$532K$66K$1.1M 990 PDF
FY2021 Not on file
FY2020 $427K$404K$23K$1.1M 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 FY2025 990 (6 parts)
Part I · Summary $804,829 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,958$9,958
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $794,871$794,871
I-12 Total revenuePrior year $804,829$804,829
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $478,383$478,383
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $365,185$365,185
I-18 Total expensesPrior year $843,568$843,568
I-19 Revenue less expensesPrior year −$38,739−$38,739
Part VI · Governance 7 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members7
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $804,829 across 4 lines filed
Lines not itemized here account for $794,871 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$9,958
VIII-1h Total contributions, gifts and grants$9,958
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $794,871 · Unrelated business $0 · Excluded from tax $0$804,829
Part IX · Statement of functional expenses $843,568 across 9 lines filed
IX-7 Other salaries and wagesPrograms $478,383$478,383
IX-11a Management feesPrograms $143,341$143,341
IX-11g Other fees for servicesPrograms $100$100
IX-12 Advertising and promotionPrograms $95$95
IX-20 InterestPrograms $22,658$22,658
IX-21 Payments to affiliatesPrograms $106,819$106,819
IX-23 InsurancePrograms $12,055$12,055
IX-24 Other expenses (24a–d)Programs $7,764$7,764
IX-24e All other expensesPrograms $72,353$72,353
IX-25 Total functional expensesPrograms $843,568 · Management $0 · Fundraising $0$843,568
Part X · Balance sheet $1,265,596 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $89,683$178,385
X-8 Inventories for sale or useStart of year $1,087,111$1,087,211
X-16 Total assetsStart of year $1,176,794$1,265,596
X-17 Accounts payable and accrued expensesStart of year $161,518$289,059
X-26 Total liabilitiesStart of year $161,518$289,059
X-32 Total net assets or fund balancesStart of year $1,015,276$976,537
X-33 Total liabilities and net assetsStart of year $1,176,794$1,265,596
Part XI · Reconciliation of net assets $976,537 net assets at year end
XI-1 Total revenue$804,829
XI-2 Total expenses$843,568
XI-3 Revenue less expenses−$38,739
XI-4 Net assets at start of year$1,015,276
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$976,537

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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