Bargains and Blessings EIN 81-0695030 Form 990 (PDF) Claim this org

Bargains and Blessings

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Sells donated clothing and household goods, with profits supporting other local charities. For fiscal year 2024 it reported $703K in revenue, $716K in expenses, and $464K in net assets.Pt I

Founded
2015
Type
Public charity (501(c)(3)) · Human Services
Location
Willmar, MN
Filings
4 on file (2021–2024)
Revenue
$703KFY2024
Expenses
$716K
Net assets
$464K
People
3
Filings
4
Updates
0
More identity details & actions ⌄
EIN  81-0695030 Public charity (501(c)(3)) Willmar, MN Founded 2015
Form 990 (PDF)
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Size
$100K–1M
What they do
Sells donated clothing and household goods, with profits supporting other local charities.
Leadership
Becky Zondervan · President · $49K
Money in and out
$703K revenue, $716K expenses
Bottom line
98% program efficiency
Where the money goes · FY2024
Total revenue
$703K
Pt VIII · Ln 12
Total expenses
$716K
Pt IX · Ln 25
Net assets
$464K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$13K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs-0.5% vs prior filing year
Operating runway
7.4mo
months of highly liquid reserves at operating expense rate▼ -7% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▼ -107% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$703K
FY2024▼ -29%
Expenses
$716K
FY2024▼ -3%
Total assets
$605K
FY2024▼ -2%
Total liabilities
$141K
FY2024▼ -2%
Total revenue
$703K
Pt VIII · Ln 12
Total expenses
$716K
Pt IX · Ln 25
Net assets
$464K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$13K
Total assetsPt X · Ln 16$605K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBargains and Blessings
EINHdr · item D81-0695030
Principal addressHdr · item CWillmar, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2015
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P29)
Ruling yearIRS BMFMay 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
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
$48,733Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Becky Zondervan’s $49K as President is at the 36th percentile of top reported officer pay among 2165 $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.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2023FY2022FY2021
Becky Zondervan$48,733$39,817$35,489
Jena Hillenbrand$42,561$33,357
Edith Ryder$28,213$38,759
Rebecca Zondervan$32,875$34,566
Theresa Brown$18,806
Lorrie Gottwald$10,430

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $701K of program spending, described in the organization's own filed words · FY2024.
01

Community thrift store

$701Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$689K · 98%
Investment income$14K · 2%
Other revenue98%$689K
Investment income2%$14K
Contributions & grants$245
Total revenueLn 12$703K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$701K
Management & general2%$15K
Total functional expensesLn 25$716K

Balance Sheet

Part X · end of year
CashLn 1$439K
Total assetsLn 16$605K
Total liabilitiesLn 26$141K
Total net assetsLn 32$464K
Months of cash on handcomputed7.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $439K · Operating expenses/yr $716K
7.4 months
Where the money goes
Program services
Program services $701K · Total expenses $716K
98%
Management & General
Management & general $15K · Total expenses $716K
2%
Fundraising
Fundraising $0 · Total expenses $716K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $3K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $245 · Total revenue $703K
0.03%
Government reliance
Government grants — · Total revenue $703K
Earned-income share
Program service revenue $0 · Total revenue $703K
0%
Investment reliance
Investment income $14K · Total revenue $703K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $716K
0%
Growth & trend
Revenue growth (YoY)
This year $703K · Prior year $991K
-29%
Revenue CAGR
FY2020 $648K · FY2024 $703K
+2%
Net-asset trend (YoY)
End of year $464K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $703K · Expenses $716K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $605K
Net-asset ratio
Net assets $464K · Total assets $605K
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $605K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Becky Zondervan · Reported title PRESIDENT · Highest reported compensation $49K · Total expenses $716K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $355K · Total expenses $716K
50%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Revenue growth -29%

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 · FY2021
Total grants receivedfrom 1 funder$15K
Grants paid · 22 grants · $61K · 2020–2022
Destiny EwoFY2022$8,917
Hope Care PantryFY2022$5,360
Community BasicsFY2021$5,100
Grace HomeschoolFY2021$4,600
Salvation ArmyFY2021$4,600
AtlasID · FY2021$3,950
Hope Pregnancy CenterFY2021$3,100
Haiti LiteracyFY2021$2,900
Community Christian SchoolFY2021$2,500
Feed My SheepFY2021$1,600
Faith at WorkFY2021$1,080
Grace HomeschoolFY2020$5,000
Destiny EwoFY2020$3,000
Love 2 HopeFY2020$2,000
Hope in the NightFY2020$1,450
Youth for ChristFY2020$1,200
Ridgewater Campus MinistriesFY2020$1,100
Family PromiseFY2020$1,050
See all 22 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)$703K revenue · viewing · ⤓ 990 PDF
FY2023$798K revenue · ⤓ 990 PDF
FY2022$752K revenue · ⤓ 990 PDF
FY2021$648K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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