Renew Upscale Thrift INC

Grand Rapids, MIUnknown exempt organizationSince 2021EIN 86-2648953

To raise funds to reduce tuition for all northpointe christian school students.

95¢ of each $1 spent went to programs.
Run by 50 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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 2
filings with a surplus
Average deficit $11K a year · 6% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$48K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$398K
+95% vs prior year
Spent
$530K
To programs
95%
Net assets
$0
By yearFY2023–FY2024
Revenue
$398K
FY2024▲ +95%
Revenue by fiscal year
FY2023$170K
FY2024$203K
FY2024$398K
Expenses
$530K
FY2024▲ +165%
Expenses by fiscal year
FY2023$195K
FY2024$200K
FY2024$530K
Net assets
$0
FY2024▼ -100%
Net assets by fiscal year
FY2023$130K
FY2024$133K
FY2024$0

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $506K Management & general 5% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990; $48K paid to officers and key staff.

Part VII, Section A · reportable compensation
Store Director
$48,250Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023
Luther Scruggs$48,250$47,153—
Luther Scruggs——$38,269

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

Raises funds to lower tuition for all students at Northpointe Christian School.

Provided by the organization

This section is blank until Renew Upscale Thrift INC claims this page.

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1 program service account for $506K of program spending, described in the organization's own filed words · FY2024.
01

Renew upscale thrift store opened its doors in august 2021 to raise funds to reduce tuition forall northpointe christian school students by sales of donated merchandise.

$506Kprogram 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 · this organization's grantmaking
Grants paid · 1 grant · $368K · 2024–2024
Northpointe Christian SchoolsMI · FY2024$368,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$398K
Ln 12
Investment incomeLn 3$249K
Gifts and grantsLn 1h$115K
Other incomeLn 4–11$27K
Money outPt IX
$530K
Ln 25
Programscol B$506K
Managementcol C$24K
Owns and owesPt X
$0
net assets · Ln 32
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$115K
Noncash giftsLn 1g$115K
Fees for servicesLn 2g$6K
Investment incomeLn 3$249K
Other incomeLn 4–11$27K
Gains on assetsLn 7$249K
Total revenueLn 12$398K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 57
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$13K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$978K$0
Total assetsLn 16$996K$0
LiabilitiesLn 26$863K$0
Net assetsLn 32$133K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$368K$368K
Pay of disqualified personsLn 6$48K$43K$5K
Other salaries and wagesLn 7$29K$29K
Other employee benefitsLn 9$789$710$79
Payroll taxesLn 10$13K$11K$1K
Legal feesLn 11b$461$461
Accounting feesLn 11c$7K$7K
Office expensesLn 13$1K$1K$146
OccupancyLn 16$21K$19K$2K
InterestLn 20$21K$19K$2K
Depreciation, depletion and amortizationLn 22$12K$11K$1K
InsuranceLn 23$536$536
Other expenses (24a–d)Ln 24$7K$3K$4K
All other expensesLn 24e$352$328$24
Total functional expensesLn 25$530K$506K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $203K$200K$3K$133K 990 PDF
FY2023 $170K$195K−$25K$130K 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 $397,552 across 8 lines filed
VIII-1f All other contributions, gifts and grants$115,376
VIII-1g Noncash contributions (included above)$115,376
VIII-1h Total contributions, gifts and grants$115,376
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,665$5,665
VIII-3 Investment incomeExcluded from tax $104$104
VIII-7 Net gain or loss on sales of assetsRelated to mission $249,367$249,367
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $27,040$27,040
VIII-12 Total revenueRelated to mission $282,072 · Unrelated business $0 · Excluded from tax $104$397,552
Part IX · Statement of functional expenses $530,286 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $368,500$368,500
IX-6 Pay of disqualified personsPrograms $43,425 · Management $4,825$48,250
IX-7 Other salaries and wagesPrograms $29,242$29,242
IX-9 Other employee benefitsPrograms $710 · Management $79$789
IX-10 Payroll taxesPrograms $11,335 · Management $1,259$12,594
IX-11b Legal feesManagement $461$461
IX-11c Accounting feesManagement $7,152$7,152
IX-13 Office expensesPrograms $1,308 · Management $146$1,454
IX-16 OccupancyPrograms $18,562 · Management $2,061$20,623
IX-20 InterestPrograms $19,013 · Management $2,113$21,126
IX-22 Depreciation, depletion and amortizationPrograms $10,695 · Management $1,188$11,883
IX-23 InsuranceManagement $536$536
IX-24 Other expenses (24a–d)Programs $3,153 · Management $4,171$7,324
IX-24e All other expensesPrograms $328 · Management $24$352
IX-25 Total functional expensesPrograms $506,271 · Management $24,015 · Fundraising $0$530,286
Part X · Balance sheet $0 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $454$0
X-2 Savings and temporary cash investmentsStart of year $12,363$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,044$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $3,670$0
X-10c Land, buildings and equipment, netStart of year $978,242$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $995,773$0
X-17 Accounts payable and accrued expensesStart of year $704$0
X-24 Unsecured notes and loans payableStart of year $219,943$0
X-25 Other liabilitiesStart of year $2,477$0
X-26 Total liabilitiesStart of year $863,039$0
X-27 Net assets without donor restrictionsStart of year $132,734$0
X-32 Total net assets or fund balancesStart of year $132,734$0
X-33 Total liabilities and net assetsStart of year $995,773$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$397,552
XI-2 Total expenses$530,286
XI-3 Revenue less expenses−$132,734
XI-4 Net assets at start of year$132,734
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

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

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