Thrifty Attic Inc

“990-ez, part iii, line 28, cont:the thrifty attic, inc. Operates a thrift shop which collects used clothing that remains in good condition and of utility.it sells that clothing at very affordable prices. It then distributes the net revenue from this activity to community organizations in at least 5 local towns, most of which are either 501(c)(3) or 501(c)(4)organizations, and all of which are community organizations operating for the public good. Persons in unfortunate financial circumstances can cloth themselves with cloths purchased from thrifty attic. The thrifty attic has a volunteer staff, so a substantialportion of gross revenues goes to community support.”

“Page 1, Item L. Non-deductible contributions of used clothing and minimal personal property are made to Thrifty Attic; therefore, the $72,080 entry on Part I, Line 1. These items go into Thrifty Attic inventory, therefore the $72,080 entry at Part I, line 7b. The items were sold and generated sales of $72,080 during 2014; therefore the entry for $72,080. at Part I, line 7a. These entries reflect the operation of Thrifty Attic, but they necessitate this explanation because they calculate a duplicated amount ($144,160)at Page 1, Item L. Thrifty Attic Gross Receipts are $72,080, which is the Fair Market Value of donated items, which amount is substantiated by the amount for which the items are sold.”

“Equipt support-volunteer emergency firefighters volunteer fire champion fire co. Of s. Londonderry none 2500. Equipt support-volunteer emergency firefighters volunteer fire weston volunteer fire department none 2500. Equipt support-volunteer emergency firefighters volunteer fire windham volunteer fire department none 2500. Equipt support-volunteer emergency firefighters volunteer fire peru fire dept. None 1500. Electronic training equipt-volunteer emergency firefighters volunteer fire phoenix fi”

“Vt dept of taxes 226. Sos annual rpt 70. Commissions on special sales 0. Bank fees 47. Tax preparation 254. Gifts 500.”