Restored FY2024 filing

Tax-deductible

Stillwater, MN501(c)(3)Since 2017Human ServicesEIN 81-4663429Revenue $914K in FY2024

On file with the IRSrestoredmn.com14460 60th St N, 55082-6313 · Stillwater, MNTax-exempt since Oct 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Restored is a non-profit thrift store operated with all volunteers so that our profits can be used for ministry that helps support community needs. The atmosphere of the store is encouraging and supportive, with excellent customer service that goes above and beyond. In addition, Restored houses a ministry center that offers scheduled times for support services to the community, including but not limited to: prayer, spiritual support and encouragement, training for parenting, job coaching, ell classes, access to and assistance with online applications for county aide, bible studies and more. All of Restored profits (less a 25% operational reserve, based on SAP) go to ministry.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 4
filings with a surplus
Average surplus $90K a year · 13% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
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
$914K
+28% vs prior year
Spent
$799K
To programs
90%
Net assets
$782K
By yearFY2021–FY2024
Revenue
$914K
FY2024▲ +28%
Tap a bar for its year
Revenue by fiscal year
FY2021$481K
FY2022$655K
FY2023$713K
FY2024$914K
FY2024$1.5M
Expenses
$799K
FY2024▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2021$397K
FY2022$543K
FY2023$662K
FY2024$799K
FY2024$1.2M
Net assets
$782K
FY2024▲ +41%
Tap a bar for its year
Net assets by fiscal year
FY2021$387K
FY2022$499K
FY2023$556K
FY2024$782K
FY2024$1.0M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Oct 2017.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $720K Management & general 10% · $79K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Restored 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides hope and restoration through a thrift store and ministry outreach, sharing Jesus' love.

Provided by the organization

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1 program · $720K · in their own filed words · FY2023
01

Restored operates on a thift store model, where donated goods are sold to the local community at a discount or as need dictates. Restored builds relationships and shares the gospel. Restored helps end the downward spiral of crisis in people's lives.

$720Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$20K
Grants paid · 29 grants · $670K · 2020–2022
Terebinth RefugeMN · FY2022$50,500
Don Shire Ministries INCIL · FY2022$40,000
Minnesota Teen Challenge INCMN · FY2022$25,000
Whispers of HopeMN · FY2022$20,000
CassiaMN · FY2022$10,000
Poland Evangelical MissionSD · FY2022$8,000
Harvest PackMN · FY2022$6,250
United Christian AcademyMN · FY2022$6,000
Don Shire Ministries INCIL · FY2021$45,000
Terebinth RefugeMN · FY2021$40,000
Whispers of HopeMN · FY2021$25,000
Minnesota Teen Challenge INCMN · FY2021$25,000
See all 29 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$914K
Ln 12
Gifts and grantsLn 1h$898K
Fees for servicesLn 2g$885K
Investment incomeLn 3$9K
Money outPt IX
$799K
Ln 25
Programscol B$720K
Managementcol C$79K
Owns and owesPt X
$782K
net assets · Ln 32
Cash and savingsLn 1–2$374K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$898K
Noncash giftsLn 1g$878K
Fees for servicesLn 2g$885K
Investment incomeLn 3$9K
Total revenueLn 12$914K
Assets in detailPt X, end of year
CashLn 1$100K
SavingsLn 2$274K
Cash and savings togetherLn 1–2$374K
Land, buildings, equipmentLn 10c$350K
Other assetsLn 15$1.3M
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.3M
Net assetsLn 32$782K
OperationsPt I, VI
EmployeesI 57
VolunteersI 6140
Fiscal year endsHeaderJune
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$560K$374K
Land, buildings, equipmentLn 10c$0$350K
Total assetsLn 16$561K$2.1M
LiabilitiesLn 26$6K$1.3M
Net assetsLn 32$556K$782K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$255K$255K
Other salaries and wagesLn 7$109K$89K$21K
Payroll taxesLn 10$8K$7K$2K
Management feesLn 11a$23K$21K$2K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$2K$890$1K
Advertising and promotionLn 12$19K$19K
Office expensesLn 13$9K$8K$1K
OccupancyLn 16$255K$250K$5K
TravelLn 17$12K$12K
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$82K$61K$21K
Total functional expensesLn 25$799K$720K$79K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $914K$799K$115K$782K 990 PDF
FY2023 $713K$662K$51K$556K 990 PDF
FY2022 $655K$543K$112K$499K 990 PDF
FY2021 $481K$397K$83K$387K 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 (6 parts)
Part I · Summary $913,981 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $709,109$898,148
I-9 Program service revenuePrior year $709,109$884,668
I-10 Investment incomePrior year $3,979$9,313
I-11 Other revenuePrior year −$708,822−$878,148
I-12 Total revenuePrior year $713,375$913,981
I-13 Grants and similar amounts paidPrior year $342,981$255,093
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $103,016$117,671
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $216,467$426,344
I-18 Total expensesPrior year $662,464$799,108
I-19 Revenue less expensesPrior year $50,911$114,873
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $913,981 across 6 lines filed
Lines not itemized here account for −$878,148 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$898,148
VIII-1g Noncash contributions (included above)$878,148
VIII-1h Total contributions, gifts and grants$898,148
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $884,668$884,668
VIII-3 Investment incomeExcluded from tax $9,313$9,313
VIII-12 Total revenueRelated to mission $6,520 · Unrelated business $0 · Excluded from tax $9,313$913,981
Part IX · Statement of functional expenses $799,108 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $255,093$255,093
IX-7 Other salaries and wagesPrograms $88,583 · Management $20,726$109,309
IX-10 Payroll taxesPrograms $6,776 · Management $1,586$8,362
IX-11a Management feesPrograms $20,738 · Management $2,139$22,877
IX-11b Legal feesManagement $5,400$5,400
IX-11c Accounting feesPrograms $890 · Management $1,045$1,935
IX-12 Advertising and promotionManagement $19,496$19,496
IX-13 Office expensesPrograms $7,846 · Management $1,427$9,273
IX-16 OccupancyPrograms $249,680 · Management $5,387$255,067
IX-17 TravelPrograms $12,147$12,147
IX-22 Depreciation, depletion and amortizationPrograms $12,147$12,147
IX-23 InsurancePrograms $5,870$5,870
IX-24 Other expenses (24a–d)Programs $60,642 · Management $21,490$82,132
IX-25 Total functional expensesPrograms $720,412 · Management $78,696 · Fundraising $0$799,108
Part X · Balance sheet $2,071,275 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $295,461$100,364
X-2 Savings and temporary cash investmentsStart of year $264,518$273,824
X-4 Accounts receivableStart of year $1,464$0
X-9 Prepaid expenses and deferred charges$31,760
X-10c Land, buildings and equipment, netStart of year $0$349,784
X-15 Other assetsStart of year $0$1,315,543
X-16 Total assetsStart of year $561,443$2,071,275
X-17 Accounts payable and accrued expensesStart of year $5,640$10,590
X-25 Other liabilitiesStart of year $0$1,278,368
X-26 Total liabilitiesStart of year $5,640$1,288,958
X-27 Net assets without donor restrictionsStart of year $555,803$782,317
X-32 Total net assets or fund balancesStart of year $555,803$782,317
X-33 Total liabilities and net assetsStart of year $561,443$2,071,275
Part XI · Reconciliation of net assets $782,317 net assets at year end
XI-1 Total revenue$913,981
XI-2 Total expenses$799,108
XI-3 Revenue less expenses$114,873
XI-4 Net assets at start of year$555,803
XI-6 Donated services and use of facilities$103,331
XI-8 Prior period adjustments$8,310
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$782,317

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

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