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Walnut Tree Thrift Shop FY2024 filing

Tax-deductible

Sedro Woolley, WA501(c)(3)Since 2021Human Services EIN 86-3366354Revenue $135K in FY2024

On file with the IRSPo Box 249, 98284-0249 · Sedro Woolley, WATax-exempt since Oct 2022Publicly supported charity — 170(b)(1)(A)(vi)

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Walnut Tree Thrift Shop operates a volunteer-run Thrift Shop with proceeds going to local charities to support their mission of providing food and housing support to families in need and supporting women and girls in attaining education and career goals.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $41K a year · 29% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 21.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$765
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$135K
-21% vs prior year
Spent
$95K
To programs
95%
Net assets
$166K
By yearFY2022–FY2025
Revenue
$135K
FY2024▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2022$141K
FY2023$170K
FY2024$135K
FY2025$119K
Expenses
$95K
FY2024▼ -28%
Tap a bar for its year
Expenses by fiscal year
FY2022$52K
FY2023$133K
FY2024$95K
FY2025$119K
Net assets
$166K
FY2024▲ +31%
Tap a bar for its year
Net assets by fiscal year
FY2022$90K
FY2023$127K
FY2024$166K
FY2025$166K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2022.

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% · $90K Management & general 5% · $5K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Bev Riesland
President
$0Pt VII · Sec A
Donna Kearns
Vice-President
$0Pt VII · Sec A
Marilyn Dite
Treasurer
$0Pt VII · Sec A
Cheryl Bolden
Secretary
$0Pt VII · Sec A
Becky Taft
Board Member
$0Pt VII · Sec A
Jayne Shearer
Board Member
$0Pt VII · Sec A
Suzanne Henggler
Board Member
$0Pt VII · Sec A
See Walnut Tree Thrift Shop 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Sells donated goods to fund local charities supporting families and women's education.

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Provided by the organization

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1 program · $90K · in their own filed words · FY2023
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.

$90Kprogram 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 · 7 grants · $219K · 2021–2024
Soroptimist International of the Americas INCWA · FY2024$49,500
Boys and Girls Clubs of Skagit CountyWA · FY2024$5,250
Soroptimist International of the Americas INCWA · FY2023$49,500
Soroptimist International of the Americas INCWA · FY2022$49,600
Unitemized GrantFY2022$38,000
Soroptimist International of the Americas INCWA · FY2021$19,676
Helping Hands Food Bank of Sedro WoolleyWA · FY2021$7,500

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$135K
Ln 12
Gifts and grantsLn 1h$94K
Other incomeLn 4–11$40K
Investment incomeLn 3$1K
Money outPt IX
$95K
Ln 25
Programscol B$90K
Managementcol C$5K
Owns and owesPt X
$166K
net assets · Ln 32
Cash and savingsLn 1–2$167K
Total assetsLn 16$167K
LiabilitiesLn 26$765
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$94K
Noncash giftsLn 1g$93K
Investment incomeLn 3$1K
Other incomeLn 4–11$40K
Total revenueLn 12$135K
Assets in detailPt X, end of year
CashLn 1$83K
SavingsLn 2$83K
Cash and savings togetherLn 1–2$167K
Total assetsLn 16$167K
LiabilitiesLn 26$765
Net assetsLn 32$166K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$128K$167K
Total assetsLn 16$128K$167K
LiabilitiesLn 26$1K$765
Net assetsLn 32$127K$166K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$75K$75K
Accounting feesLn 11c$2K$2K$562
Advertising and promotionLn 12$77$58$19
Office expensesLn 13$281$211$70
OccupancyLn 16$9K$7K$2K
InsuranceLn 23$3K$2K$703
Other expenses (24a–d)Ln 24$5K$4K$1K
All other expensesLn 24e$193$145$48
Total functional expensesLn 25$95K$90K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $119K$119K−$149$166K 990 PDF
FY2024 Viewing $135K$95K$39K$166K 990 PDF
FY2023 $170K$133K$37K$127K 990 PDF
FY2022 $141K$52K$90K$90K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $134,555 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $124,440$93,820
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$1,062
I-11 Other revenuePrior year $45,474$39,673
I-12 Total revenuePrior year $169,914$134,555
I-13 Grants and similar amounts paidPrior year $109,950$75,300
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $22,802$20,057
I-18 Total expensesPrior year $132,752$95,357
I-19 Revenue less expensesPrior year $37,162$39,198
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $134,555 across 5 lines filed
Lines not itemized here account for $39,673 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$93,820
VIII-1g Noncash contributions (included above)$92,570
VIII-1h Total contributions, gifts and grants$93,820
VIII-3 Investment incomeUnrelated business $1,062$1,062
VIII-12 Total revenueRelated to mission $39,673 · Unrelated business $1,062 · Excluded from tax $0$134,555
Part IX · Statement of functional expenses $95,357 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $75,300$75,300
IX-11c Accounting feesPrograms $1,688 · Management $562$2,250
IX-12 Advertising and promotionPrograms $58 · Management $19$77
IX-13 Office expensesPrograms $211 · Management $70$281
IX-16 OccupancyPrograms $7,089 · Management $2,363$9,452
IX-23 InsurancePrograms $2,109 · Management $703$2,812
IX-24 Other expenses (24a–d)Programs $3,744 · Management $1,248$4,992
IX-24e All other expensesPrograms $145 · Management $48$193
IX-25 Total functional expensesPrograms $90,344 · Management $5,013 · Fundraising $0$95,357
Part X · Balance sheet $166,673 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $104,859$83,466
X-2 Savings and temporary cash investmentsStart of year $22,901$83,207
X-16 Total assetsStart of year $127,760$166,673
X-25 Other liabilitiesStart of year $1,050$765
X-26 Total liabilitiesStart of year $1,050$765
X-32 Total net assets or fund balancesStart of year $126,710$165,908
X-33 Total liabilities and net assetsStart of year $127,760$166,673
Part XI · Reconciliation of net assets $165,908 net assets at year end
XI-1 Total revenue$134,555
XI-2 Total expenses$95,357
XI-3 Revenue less expenses$39,198
XI-4 Net assets at start of year$126,710
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$165,908

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

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