Walnut Tree Thrift Shop EIN 86-3366354 Form 990 (PDF) Claim this org

Walnut Tree Thrift Shop

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Sells donated goods to fund local charities supporting families and women's education. For fiscal year 2024 it reported $119K in revenue, $119K in expenses, and $166K in net assets.Pt I

Founded
2021
Type
Public charity (501(c)(3)) · Human Services
Location
Sedro Woolley, WA
Filings
3 on file (2022–2024)
Revenue
$119KFY2024
Expenses
$119K
Net assets
$166K
People
7
Filings
3
Updates
0
More identity details & actions ⌄
EIN  86-3366354 Public charity (501(c)(3)) Sedro Woolley, WA Founded 2021
Form 990 (PDF)
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Size
$100K–1M
What they do
Sells donated goods to fund local charities supporting families and women's education.
Leadership
Marilyn Dite · President
Money in and out
$119K revenue, $119K expenses
Bottom line
89% program efficiency
Where the money goes · FY2024
Total revenue
$119K
Pt VIII · Ln 12
Total expenses
$119K
Pt IX · Ln 25
Net assets
$166K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$149
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Program efficiency
89%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
53.8mo
months of highly liquid reserves at operating expense rate▼ -93% vs prior filing year
Surplus margin
-0.1%
revenue over expenses, this year▼ -100% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$119K
FY2024▼ -11%
Expenses
$119K
FY2024▲ +25%
Total assets
$167K
FY2024<0.01%
Total liabilities
$915
FY2024▲ +20%
Total revenue
$119K
Pt VIII · Ln 12
Total expenses
$119K
Pt IX · Ln 25
Net assets
$166K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$149
Total assetsPt X · Ln 16$167K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $106K of program spending, described in the organization's own filed words · FY2024.
01

Walnut tree thrfit shop operates a thrift shop for donated clothing and household items. The store is operated on a volunteer basis with proceeds used to support local charities in the community.

$106Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWalnut Tree Thrift Shop
EINHdr · item D86-3366354
Principal addressHdr · item CSedro Woolley, WA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2021
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P29)
Ruling yearIRS BMFOct 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$82K · 69%
Other revenue$35K · 30%
Investment income$2K · 2%
Contributions & grants69%$82K
Other revenue30%$35K
Investment income2%$2K
Total revenueLn 12$119K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$106K
Management & general11%$13K
Total functional expensesLn 25$119K

Balance Sheet

Part X · end of year
CashLn 1$167K
Total assetsLn 16$167K
Total liabilitiesLn 26$915
Total net assetsLn 32$166K
Months of cash on handcomputed16.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $167K · Operating expenses (Pt IX) $119K · Less non-cash grants $82K · Cash operating expenses/yr $37K
53.8 months
Where the money goes
Program services
Program services $106K · Total expenses $119K
89%
Management & General
Management & general $13K · Total expenses $119K
11%
Fundraising
Fundraising $0 · Total expenses $119K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $100K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $82K · Total revenue $119K
69%
Government reliance
Government grants — · Total revenue $119K
Earned-income share
Program service revenue $0 · Total revenue $119K
0%
Investment reliance
Investment income $2K · Total revenue $119K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $119K
0%
Growth & trend
Revenue growth (YoY)
This year $119K · Prior year $135K
-11%
Net-asset trend (YoY)
End of year $166K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $119K · Expenses $119K
-0.1%
Liabilities-to-Assets
Total liabilities — · Total assets $167K
Net-asset ratio
Net assets $166K · Total assets $167K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $167K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marilyn Dite · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $119K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $119K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Revenue growth -11%

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 · 7 grants · $219K · 2021–2024

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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$135K revenue · ⤓ 990 PDF
FY2023$170K revenue · ⤓ 990 PDF
FY2022$141K revenue · ⤓ 990 PDF

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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
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