Troost Thrift Store INC

Tax-deductible

Kansas City, MO501(c)(3)Human ServicesEIN 82-1413101

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Provide clothing and household goods at low or no cost to the economically depressed community in which the store is located.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 100 volunteers and 19 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
1 of 3
filings with a surplus
Average surplus $3K a year · under 1% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 8% of spending
Top officer’s pay lower than 94% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
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
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$402K
-3% vs prior year
Spent
$411K
To programs
86%
Net assets
$132K
By yearFY2022–FY2024
Revenue
$402K
FY2024▼ -3%
Revenue by fiscal year
FY2022$330K
FY2023$416K
FY2024$402K
Expenses
$411K
FY2024▲ +5%
Expenses by fiscal year
FY2022$335K
FY2023$393K
FY2024$411K
Net assets
$132K
FY2024▼ -45%
Net assets by fiscal year
FY2022$218K
FY2023$241K
FY2024$132K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2022-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in May 2023.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $354K Management & general 14% · $57K

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

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

Part VII, Section A · reportable compensation
President
$12,490Pt VII · Sec A
Vice President
$10,692Pt VII · Sec A
Secretary
$8,530Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Toni Pennisi’s $12K as President is at the 6th 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.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022
Toni Pennisi$12,490$5,500$5,971
Jo Babaran$10,692——
Charles Wurth$8,530——
Chuck Wurth—$2,200$3,121

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 15aNo

Programs and updates

Distributes affordable clothing and household items to those in need.

Provided by the organization

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3 program services account for $354K of program spending, described in the organization's own filed words · FY2024.
01

Troost39 is 501c3 organization committed to supporting our Kansas City community by Striving to be a Beloved Community as envisioned by Dr. Martin Luther King Jr.based on justice, equal opportunity, and love for ones fellow human beings, with core values of peace, inclusiveness, and love.

$294Kprogram expense
02

With the aim to identify and develop local, aspiring Black artists to remain in Kansas City, Troost39 Thrift Store created a collective of artists is known as The Gift of Troost TGOT. Troost39 awarded 3,000 grants to selected recipients, conducted group gatherings for support every two-three months, and held an Art Showcase in order for…

$53Kprogram expense
03

T39 Ministry program offers assistance to those most in need, by partnering withsocial service agencies throughout the city, and welcoming as friends and neighbors all who come to our door.

$8Kprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$15K
Grants paid · 3 grants · $46K · 2022–2022
St James Catholic ChurchFY2022$25,256
Unitemized GrantFY2022$15,402
Journey to New Life INCMO · FY2022$5,250

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$402K
Ln 12
Fees for servicesLn 2g$375K
Gifts and grantsLn 1h$28K
Money outPt IX
$411K
Ln 25
Programscol B$354K
Managementcol C$57K
Owns and owesPt X
$132K
net assets · Ln 32
Cash and savingsLn 1–2$87K
Total assetsLn 16$133K
LiabilitiesLn 26$1K
PeoplePt VI, VII
4
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28K
Fees for servicesLn 2g$375K
Total revenueLn 12$402K
Assets in detailPt X, end of year
CashLn 1$87K
Cash and savings togetherLn 1–2$87K
Land, buildings, equipmentLn 10c$46K
Total assetsLn 16$133K
LiabilitiesLn 26$1K
Net assetsLn 32$132K
OperationsPt I, VI
EmployeesI 519
VolunteersI 6100
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 FY24End FY24
Cash and savingsLn 1–2$106K$87K
Land, buildings, equipmentLn 10c$40K$46K
Total assetsLn 16$146K$133K
LiabilitiesLn 26$0$1K
Net assetsLn 32$146K$132K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$32K$27K$5K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$192K$164K$29K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$11K$9K$2K
Payroll taxesLn 10$0
Management feesLn 11a$10K$8K$1K
Legal feesLn 11b$3K$2K$404
Accounting feesLn 11c$6K$5K$939
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$13K$11K$2K
Office expensesLn 13$5K$4K$784
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$28K$24K$4K
TravelLn 17$4K$4K$673
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$14K$14K
InsuranceLn 23$14K$12K$2K
Other expenses (24a–d)Ln 24$80K$71K$9K
All other expensesLn 24e$0
Total functional expensesLn 25$411K$354K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $402K$411K−$9K$132K 990 PDF
FY2023 $416K$393K$23K$241K 990 PDF
FY2022 $330K$335K−$5K$218K 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 (4 parts)
Part VIII · Statement of revenue $402,310 across 4 lines filed
Lines not itemized here account for $14,203 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$27,640
VIII-1h Total contributions, gifts and grants$27,640
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$360,467
VIII-12 Total revenue$402,310
Part IX · Statement of functional expenses $411,436 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $26,955 · Management $4,757$31,712
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $163,517 · Management $28,856$192,373
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $8,971 · Management $1,583$10,554
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $8,471 · Management $1,495$9,966
IX-11b Legal feesPrograms $2,289 · Management $404$2,693
IX-11c Accounting feesPrograms $5,320 · Management $939$6,259
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $10,796 · Management $1,905$12,701
IX-13 Office expensesPrograms $4,440 · Management $784$5,224
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $23,678 · Management $4,178$27,856
IX-17 TravelPrograms $3,815 · Management $673$4,488
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $13,776$13,776
IX-23 InsurancePrograms $11,617 · Management $2,050$13,667
IX-24 Other expenses (24a–d)Programs $70,799 · Management $9,368$80,167
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $354,444 · Management $56,992 · Fundraising $0$411,436
Part X · Balance sheet $132,888 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $106,131$86,966
X-10c Land, buildings and equipment, netStart of year $40,078$45,922
X-16 Total assetsStart of year $146,209$132,888
X-17 Accounts payable and accrued expenses$1,168
X-26 Total liabilitiesStart of year $0$1,168
X-27 Net assets without donor restrictionsStart of year $131,209$131,720
X-32 Total net assets or fund balancesStart of year $146,209$131,720
X-33 Total liabilities and net assetsStart of year $146,209$132,888
Part XI · Reconciliation of net assets $131,720 net assets at year end
XI-1 Total revenue$402,310
XI-2 Total expenses$411,436
XI-3 Revenue less expenses−$9,126
XI-4 Net assets at start of year$146,209
XI-9 Other changes in net assets−$5,363
XI-10 Net assets at end of year$131,720

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

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