Refresh Thrift INC FY2020 filing

IRS exemption revoked

Portage, MIUnknown exempt organizationEIN 85-1282905Revenue $139K in FY2020

On file with the IRSrefreshthrift.org8700 Shaver Road · Portage, MI

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Refresh Thrift, INC. Provides financial support to local nonprofits that serve the vulnerable members of our community.

37¢ of each $1 spent went to programs.
$49K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $11K a year · 6% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$49K
to officers and key staff · 39% of spending
Concern: pay to officers and key staff is 39% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$100
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$139K
Spent
$124K
To programs
37%
Net assets
$15K
By yearFY2020–FY2021
Revenue
$139K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$139K
FY2021$219K
Expenses
$124K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$124K
FY2021$211K
Net assets
$15K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$15K
FY2021$11K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on May 15, 2025
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

37 cents of each dollar spent went to programs.

Program services 37% · $46K Management & general 63% · $78K

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

6 people listed on the 990; $49K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice Pres/Ex
$27,500Pt VII · Sec A
Treasurer/Ex
$21,160Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
Morgan Worden$82,692$27,500
Mark Worden—$21,160

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.

See Refresh Thrift INC 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 15aYes

Programs and updates

Supports local nonprofits serving vulnerable community members through thrift store sales.

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Provided by the organization

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1 program · $46K · in their own filed words · FY2020
01

Refresh thrift,inc. Utilizes the profits of the business to provide financial support to organizations within the community such as valleygroceries, faith based MINISTRY/OUTREACH, community nonprofits that help mental health, families, and vulnerable people.

$46Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $22K · 2020–2021
Unitemized GrantFY2021$11,050
Valley Family ChurchMI · FY2020$11,227

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$139K
Ln 12
Gifts and grantsLn 1h$138K
Other incomeLn 4–11$717
Money outPt IX
$124K
Ln 25
Programscol B$46K
Managementcol C$78K
Owns and owesPt X
$15K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$15K
LiabilitiesLn 26$100
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$138K
Noncash giftsLn 1g$138K
Other incomeLn 4–11$717
Total revenueLn 12$139K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
Total assetsLn 16$15K
LiabilitiesLn 26$100
Net assetsLn 32$15K
OperationsPt I, VI
EmployeesI 53
VolunteersI 63
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 FY20End FY20
Cash and savingsLn 1–2$5K
Total assetsLn 16$0$15K
LiabilitiesLn 26$0$100
Net assetsLn 32$0$15K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Pay of current officers, directors and key staffLn 5$49K$15K$34K
Other salaries and wagesLn 7$704$210$494
Payroll taxesLn 10$8K$2K$6K
Other fees for servicesLn 11g$3K$999$2K
Advertising and promotionLn 12$1K$448$1K
Office expensesLn 13$4K$1K$3K
OccupancyLn 16$36K$11K$25K
TravelLn 17$39$12$27
InsuranceLn 23$1K$366$855
Other expenses (24a–d)Ln 24$8K$2K$5K
All other expensesLn 24e$586$176$410
Total functional expensesLn 25$124K$46K$78K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $219K$211K$7K$11K 990 PDF
FY2020 Viewing $139K$124K$15K$15K 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 $138,521 revenue, 12 lines filed
I-8 Contributions and grants$137,804
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$717
I-12 Total revenue$138,521
I-13 Grants and similar amounts paid$11,955
I-14 Benefits paid to members$0
I-15 Salaries and benefits$57,534
I-16a Professional fundraising fees$0
I-17 Other expenses$54,338
I-18 Total expenses$123,827
I-19 Revenue less expenses$14,694
Part VI · Governance 1 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $138,521 across 5 lines filed
Lines not itemized here account for $407 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$137,804
VIII-1g Noncash contributions (included above)$137,804
VIII-1h Total contributions, gifts and grants$137,804
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $310$310
VIII-12 Total revenueRelated to mission $407 · Excluded from tax $310$138,521
Part IX · Statement of functional expenses $123,827 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $11,955$11,955
IX-5 Pay of current officers, directors and key staffPrograms $14,598 · Management $34,062$48,660
IX-7 Other salaries and wagesPrograms $210 · Management $494$704
IX-10 Payroll taxesPrograms $2,452 · Management $5,718$8,170
IX-11g Other fees for servicesPrograms $999 · Management $2,331$3,330
IX-12 Advertising and promotionPrograms $448 · Management $1,047$1,495
IX-13 Office expensesPrograms $1,140 · Management $2,662$3,802
IX-16 OccupancyPrograms $10,822 · Management $25,253$36,075
IX-17 TravelPrograms $12 · Management $27$39
IX-23 InsurancePrograms $366 · Management $855$1,221
IX-24 Other expenses (24a–d)Programs $2,337 · Management $5,453$7,790
IX-24e All other expensesPrograms $176 · Management $410$586
IX-25 Total functional expensesPrograms $45,515 · Management $78,312 · Fundraising $0$123,827
Part X · Balance sheet $14,794 assets, 8 lines filed
X-1 Cash, non-interest-bearing$4,794
X-8 Inventories for sale or use$10,000
X-16 Total assetsStart of year $0$14,794
X-25 Other liabilities$100
X-26 Total liabilitiesStart of year $0$100
X-27 Net assets without donor restrictions$14,694
X-32 Total net assets or fund balancesStart of year $0$14,694
X-33 Total liabilities and net assetsStart of year $0$14,794
Part XI · Reconciliation of net assets $14,694 net assets at year end
XI-1 Total revenue$138,521
XI-2 Total expenses$123,827
XI-3 Revenue less expenses$14,694
XI-10 Net assets at end of year$14,694

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

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