Troost Thrift Store INC

Tax-deductible

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

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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2022-05-15)
Per the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CTroost Thrift Store INC
EINHdr · item D82-1413101
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2023
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CKansas City, MO
NTEE classificationIRS BMFHuman Services (P29)
WebsiteHdr · item Jwww.troost39.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$354K
Management & general14%$57K
Total functional expensesLn 25$411K

Financial health

Is it on solid ground?

Program efficiency
86%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
2.5mo
months of highly liquid reserves at operating expense rate▼ -22% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▼ -141% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$133K
FY2024▼ -45%
Total assets by fiscal year
FY2022$218K
FY2023$241K
FY2024$133K
Total liabilities
$1K
FY2024
Total liabilities by fiscal year
FY2022$0
FY2023$0
FY2024$1K
Revenue less expensesPt I · Ln 19−$9K
Total assetsPt X · Ln 16$133K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$87K
Total assetsLn 16$133K
Total liabilitiesLn 26$1K
Total net assetsLn 32$132K
Months of cash on handcomputed2.5

Statement of Revenue

Part VIII
Program service revenue$375K · 93%
Contributions & grants$28K · 7%
Program service revenue93%$375K
Contributions & grants7%$28K
Total revenueLn 12$402K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $87K · Operating expenses/yr $411K
2.5 months
Where the money goes
Program services
Program services $354K · Total expenses $411K
86%
Management & General
Management & general $57K · Total expenses $411K
14%
Fundraising
Fundraising $0 · Total expenses $411K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $30K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $28K · Total revenue $402K
7%
Government reliance
Government grants — · Total revenue $402K
—
Earned-income share
Program service revenue $375K · Total revenue $402K
93%
Investment reliance
Investment income $0 · Total revenue $402K
0%
Program self-sufficiency
Program service revenue $375K · Total expenses $411K
91%
Growth & trend
Revenue growth (YoY)
This year $402K · Prior year $416K
-3%
Net-asset trend (YoY)
End of year $132K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $402K · Expenses $411K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $133K
—
Net-asset ratio
Net assets $132K · Total assets $133K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $133K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Toni Pennisi · Reported title President · Highest reported compensation $12K · Total expenses $411K
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $235K · Total expenses $411K
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 14%——
Fundraising cost ratio 0%——
Revenue growth -3%——
Investment management fee ratio 0%——
Legal fee ratio 0.7%——
Accounting fee ratio 2%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

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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Governance & Policies

Part VI
  • 4Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Distributes affordable clothing and household items to those in need.

Provided by the organization

This section is blank until Troost Thrift Store INC claims this page.

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Mission & Programs · Part III

Where the work happens

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $402K$411K-3% 990 PDF
FY2023 $416K$393K+26% 990 PDF
FY2022 $330K$335K 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

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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
Names, privacy, and removal requests More

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