Born Again Bargains INC FY2020 filing

Tax-deductible

Philadelphia, MS501(c)(3)Human ServicesEIN 81-0852392Revenue $99K in FY2020

On file with the IRS324 W Main St, 39350-2649 · Philadelphia, MSTax-exempt since Mar 2016Publicly supported — 509(a)(2)

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The resale store was given birth after the outcry of the community was heard wanting this type of store back. So IT was given the name Born Again Bargains of philadelphia INC. The name not only reflects the rebirth of a store but reflects our stand with the lord jesus christ. We believe that jesus is god in human form and that he died on the cross to pay the penalty for our sins. God incarnate is the only payment and on the third day jesus was resurrected as a guarantee that we will have eternal life after death. As we answer the calls we are witnessing our belief. The name also symbolizes the items that are unwanted or no longer needed that become Born Again by others who value IT. And lastly, that there will be Born Again hope in those who are in need in times of darkness. We are locally and privately owned, a nonprofit ministry that is dedicated to the purpose and goal of serving this community to the best of our ability along with your help. Our focus is to provide something for ev

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$23K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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 $4K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$23K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9K
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$99K
Spent
$93K
To programs
73%
Net assets
$8K
By yearFY2020–FY2024
Revenue
$99K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$99K
FY2021$116K
FY2022$85K
FY2023$74K
FY2024$73K
Expenses
$93K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$93K
FY2021$105K
FY2022$81K
FY2023$76K
FY2024$73K
Net assets
$8K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$8K
FY2021$19K
FY2022$23K
FY2023$21K
FY2024$21K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 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 Mar 2016.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $69K Management & general 27% · $25K

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

3 people listed on the 990; $23K paid to officers and key staff.

Part VII, Section A · reportable compensation
$22,525Pt VII · Sec A
VP/Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kathryn a McNair’s $28K as President is at the 59th percentile of top reported officer pay among 202 <$100K 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2020
Kathryn a McNair$27,612$25,934$25,338$22,525

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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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

Resells donated items to fund its mission and share Christian beliefs.

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1 program · in their own filed words · FY2020
01

Resale of clothes and household to needy at affordable prices

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$99K
Ln 12
Gifts and grantsLn 1h$98K
Other incomeLn 4–11$1K
Money outPt IX
$93K
Ln 25
Programscol B$69K
Managementcol C$25K
Owns and owesPt X
$8K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$17K
LiabilitiesLn 26$9K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$98K
Government grantsLn 1e$13K
Noncash giftsLn 1g$85K
Other incomeLn 4–11$1K
Total revenueLn 12$99K
Assets in detailPt X, end of year
CashLn 1$7K
Cash and savings togetherLn 1–2$7K
Land, buildings, equipmentLn 10c$12
Other assetsLn 15$467
Total assetsLn 16$17K
LiabilitiesLn 26$9K
Net assetsLn 32$8K
OperationsPt I, VI
EmployeesI 52
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 FY20End FY20
Cash and savingsLn 1–2$2K$7K
Land, buildings, equipmentLn 10c$139$12
Total assetsLn 16$11K$17K
LiabilitiesLn 26$8K$9K
Net assetsLn 32$2K$8K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$23K$11K$11K
Other salaries and wagesLn 7$31K$31K
Payroll taxesLn 10$4K$2K$2K
Accounting feesLn 11c$3K$2K$535
Other fees for servicesLn 11g$13K$7K$6K
Advertising and promotionLn 12$500$375$125
Office expensesLn 13$611$525$86
OccupancyLn 16$19K$15K$5K
Total functional expensesLn 25$93K$69K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $73K$73K$197$21K 990 PDF
FY2023 $74K$76K−$3K$21K 990 PDF
FY2022 $85K$81K$4K$23K 990 PDF
FY2021 $116K$105K$11K$19K 990 PDF
FY2020 Viewing $99K$93K$6K$8K 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 (6 parts)
Part I · Summary $99,047 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $93,336$97,944
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$10,141$1,103
I-12 Total revenuePrior year $83,195$99,047
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $54,770$57,335
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $29,310$36,062
I-18 Total expensesPrior year $84,080$93,397
I-19 Revenue less expensesPrior year −$885$5,650
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $99,047 across 5 lines filed
Lines not itemized here account for $1,103 of total revenue; see the IRS return.
VIII-1e Government grants$12,621
VIII-1f All other contributions, gifts and grants$85,323
VIII-1g Noncash contributions (included above)$85,323
VIII-1h Total contributions, gifts and grants$97,944
VIII-12 Total revenueRelated to mission $1,103$99,047
Part IX · Statement of functional expenses $93,397 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $11,262 · Management $11,263$22,525
IX-7 Other salaries and wagesPrograms $30,542$30,542
IX-10 Payroll taxesPrograms $2,475 · Management $1,793$4,268
IX-11c Accounting feesPrograms $2,138 · Management $535$2,673
IX-11g Other fees for servicesPrograms $6,657 · Management $6,154$12,811
IX-12 Advertising and promotionPrograms $375 · Management $125$500
IX-13 Office expensesPrograms $525 · Management $86$611
IX-16 OccupancyPrograms $14,599 · Management $4,868$19,467
IX-25 Total functional expensesPrograms $68,573 · Management $24,824 · Fundraising $0$93,397
Part X · Balance sheet $17,166 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,699$6,922
X-8 Inventories for sale or useStart of year $8,290$9,765
X-10c Land, buildings and equipment, netStart of year $139$12
X-15 Other assetsStart of year $467$467
X-16 Total assetsStart of year $10,595$17,166
X-17 Accounts payable and accrued expensesStart of year $4,539$5,161
X-24 Unsecured notes and loans payableStart of year $3,829$4,129
X-26 Total liabilitiesStart of year $8,368$9,290
X-27 Net assets without donor restrictionsStart of year $2,227$7,876
X-32 Total net assets or fund balancesStart of year $2,227$7,876
X-33 Total liabilities and net assetsStart of year $10,595$17,166
Part XI · Reconciliation of net assets $7,876 net assets at year end
XI-1 Total revenue$99,047
XI-2 Total expenses$93,397
XI-3 Revenue less expenses$5,650
XI-4 Net assets at start of year$2,227
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$7,876

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

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