Bargain Store EIN 82-3091765

Bargain Store FY2020 filing

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Sells donated household goods, giving all profits to support adults with intellectual challenges. For fiscal year 2020 it reported $201K in revenue, $187K in expenses, and $-17K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Alliance, OH
Website
thebargainstorethrift.com
Filings
5 on file (2020–2020)
Revenue
$201KFY2020
Expenses
$187K
Net assets
$-17K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-3091765 Public charity (501(c)(3)) Alliance, OH
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Sells donated household goods, giving all profits to support adults with intellectual challenges.
Leadership
Wilma Overholt · Secretary/Tr · $13K
Money in and out
$201K revenue, $187K expenses
Bottom line
100% program efficiency
Where the money goes · FY2020
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$187K
Pt IX · Ln 25
Net assets
$-17K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $14K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Program efficiency
100%
of spending reaches programs
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$201K
FY2020
Expenses
$187K
FY2020
Total assets
$229K
FY2020
Total liabilities
$246K
FY2020
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$187K
Pt IX · Ln 25
Net assets
$-17K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$14K
Total assetsPt X · Ln 16$229K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $186K of program spending, described in the organization's own filed words · FY2020.
01

Operation of a thift store where net profits benefit a local mission called olive branch ministries, also a 501c3 organization.

$186Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBargain Store
EINHdr · item D82-3091765
Principal addressHdr · item CAlliance, OH
WebsiteHdr · item Jthebargainstorethrift.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P29)
Ruling yearIRS BMFNov 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary/Tr
$13,343Pt VII · Sec A
Chairman
$6,730Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Russell Zimmerman’s $47K as Director/Sto is at the 35th 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Russell Zimmerman$46,989$39,632$40,752
Janelle Zimmerman$22,137$18,219
Wilma Overholt$7,411$7,608$6,529$10,035$13,343
Eli Weaver$535$6,730

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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Statement of Revenue

Part VIII
Program service revenue$179K · 89%
Other revenue$21K · 10%
Contributions & grants$1K · 1%
Program service revenue89%$179K
Other revenue10%$21K
Contributions & grants1%$1K
Total revenueLn 12$201K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$186K
Management & general$610
Total functional expensesLn 25$187K

Balance Sheet

Part X · end of year
CashLn 1$22K
Total assetsLn 16$229K
Total liabilitiesLn 26$246K
Total net assetsLn 32$-17K
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $22K · Operating expenses/yr $187K
1.4 months
Where the money goes
Program services
Program services $186K · Total expenses $187K
100%
Management & General
Management & general $610 · Total expenses $187K
0.3%
Fundraising
Fundraising $0 · Total expenses $187K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $1K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1K · Total revenue $201K
0.7%
Government reliance
Government grants — · Total revenue $201K
Earned-income share
Program service revenue $179K · Total revenue $201K
89%
Investment reliance
Investment income $0 · Total revenue $201K
0%
Program self-sufficiency
Program service revenue $179K · Total expenses $187K
96%
Growth & trend
Revenue growth (YoY)
This year $201K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-17K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $201K · Expenses $187K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $229K
Net-asset ratio
Net assets $-17K · Total assets $229K
-8%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $229K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Wilma Overholt · Reported title SECRETARY/TR · Highest reported compensation $13K · Total expenses $187K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $99K · Total expenses $187K
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0.3%
Fundraising cost ratio 0%
Accounting fee ratio 0.3%

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 · this organization's grantmaking
Grants paid · 4 grants · $61K · 2021–2024
Olive Branch MinistriesFY2024$27,920
Olive Branch MinistriesFY2023$16,895
Olive Branch MinistriesFY2022$8,698
Olive Branch MinistriesFY2021$6,995

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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)$586K revenue · ⤓ 990 PDF
FY2023$530K revenue · ⤓ 990 PDF
FY2022$415K revenue · ⤓ 990 PDF
FY2021$279K revenue · ⤓ 990 PDF
FY2020$201K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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