Civic Intelligence

Thrifty Attic Inc

990EZ • Fiscal year 2015 • EIN 03-0280339

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 01, 2016

c/o S Waite 15 Landgrove RdLandgrove, VT 05148

(802) 824-3519

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)4 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)4 • <$500k nonprofits • Source year 2015

Net Margin

35th percentile

-2.3%

Higher net margin than 35% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Source year 2015

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)4 • <$500k nonprofits • Source year 2015

Asset Growth

11th percentile

-29%

Faster asset growth than 11% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

51st percentile

0.7%

Faster revenue growth than 51% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$4,006

Down $1,637 (-29%) from 2014

Net Assets

Down

$4,006

Down $1,637 (-29%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$72,566

Up $486 (+0.7%) from 2014

Expenses

Up

$74,203

Up $6,858 (+10%) from 2014

Net Income

Down

-$1,637

Down $6,372 (-135%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15K$10K$5.0K$0Assets 2010: $3,553Net Assets 2010: $3,5532010Assets 2011: $2,202Net Assets 2011: $2,2022011Assets 2012: $5,553Net Assets 2012: $5,5532012Assets 2013: $908Liabilities 2013: $0Net Assets 2013: $9082013Assets 2014: $5,643Liabilities 2014: $0Net Assets 2014: $5,6432014Assets 2015: $4,006Liabilities 2015: $0Net Assets 2015: $4,0062015Assets 2016: $5,861Liabilities 2016: $0Net Assets 2016: $5,8612016Assets 2017: $4,038Liabilities 2017: $0Net Assets 2017: $4,0382017Assets 2018: $765Liabilities 2018: $0Net Assets 2018: $7652018Assets 2019: $2,419Liabilities 2019: $0Net Assets 2019: $2,4192019Assets 2020: $4,851Liabilities 2020: $0Net Assets 2020: $4,8512020Assets 2021: $5,021Liabilities 2021: $0Net Assets 2021: $5,0212021Assets 2022: $3,737Liabilities 2022: $0Net Assets 2022: $3,7372022Assets 2023: $8,832Liabilities 2023: $0Net Assets 2023: $8,8322023Assets 2024: $10,931Net Assets 2024: $10,9312024

Highlighted filing

2015

Assets$4,006
Liabilities$0
Net Assets$4,006

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2010: $69,492Expenses 2010: $73,619Net Income 2010: -$4,1272010Revenue 2011: $70,002Expenses 2011: $71,353Net Income 2011: -$1,3512011Revenue 2012: $76,348Expenses 2012: $72,997Net Income 2012: $3,3512012Revenue 2013: $75,271Expenses 2013: $79,962Net Income 2013: -$4,6912013Revenue 2014: $72,080Expenses 2014: $67,345Net Income 2014: $4,7352014Revenue 2015: $72,566Expenses 2015: $74,203Net Income 2015: -$1,6372015Revenue 2016: $79,943Expenses 2016: $78,088Net Income 2016: $1,8552016Revenue 2017: $79,712Expenses 2017: $81,535Net Income 2017: -$1,8232017Revenue 2018: $76,784Expenses 2018: $80,057Net Income 2018: -$3,2732018Revenue 2019: $75,950Expenses 2019: $74,296Net Income 2019: $1,6542019Revenue 2020: $15,839Expenses 2020: $13,407Net Income 2020: $2,4322020Revenue 2021: $42,643Expenses 2021: $42,704Net Income 2021: -$612021Revenue 2022: $62,584Expenses 2022: $63,869Net Income 2022: -$1,2852022Revenue 2023: $71,632Expenses 2023: $66,537Net Income 2023: $5,0952023Revenue 2024: $75,780Expenses 2024: $73,681Net Income 2024: $2,0992024

Highlighted filing

2015

Revenue$72,566
Expenses$74,203
Net Income-$1,637
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 1, 2016
Return Version
2015v2.1
Gross Receipts
$73,940
Mission and Program Overview

Mission

Selling used clothing to those in need to raise money to provide financial support to 501(c) organizations in the greater community.

Program Services

DescriptionGrantsExpenses
Thrifty Attic, Inc. collects used clothing and some personal property, sells the donated property & distributes 79.3% (in 2015) of the proceeds to community organizations. Cont.@ Schedule O, Pg 2.$58,631$58,631
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SARAH WAITEPresPT$0--
MARION LASELLEVice PresPT$0--
ANDREA OGDENSec'YPT$0--
BETTY FORBESMemberPT$0--
EDITH HUSSEYMemberPT$0--
PATRICIA SLADEMemberPT$0--
WENDY ARACEMemberPT$0--
Filing and Contact Details

Filer

Filer Name
Thrifty Attic Inc
EIN
03-0280339
Phone
8028243519
Address
c/o S Waite 15 Landgrove Rd, Landgrove, VT 05148

Signing Officer

Name
Sarah Waite
Title
Treasurer
Phone
8028243519
Signed
2016-04-01
Discuss with paid preparer
Yes

Preparer

Firm
Charles Goodwin CPA
Address
PO BOX 61, WESTON, VT 05161
Preparer
Charles Goodwin
Phone
8028246817
Supplemental Narrative

Additional Explanations

Other

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.

Other

Page 1, item l. Non-deductible contributions of used clothing and minimal personal property are made to thrifty attic; therefore, the $73,940. Entry on part i, line 1. These items go into thrifty attic inventory. The $75,314. Entry at part i, line 7b results from reconciling operations to ending cash of $4006. The items were sold and generated sales of $73,940. During 2015; therefore the entry for $73,940. At part i, line 7a. These entries reflect the operation of thrifty attic, but they necessitate this explanation because they calculate a duplicated amount ($147,880)at page 1, item l, unless a forced entry is made in the software program. Thrifty attic gross receipts are $73,940. Which is the fair market value of donated items, which amount is substantiated by the amount for which the items are sold.

Form 990EZ, Part I, Line 10

Equipt support-volunteer emergency firefighters; volunteer fire; champion fire co. Of s. Londonderry: po box 5, s. Londonderry, vt, 05155; none, 4138. Equipt support-volunteer emergency firefighters; volunteer fire; weston volunteer fire department: po box 52, weston, vt, 05161; none, 2500. Equipt support-volunteer emergency firefighters; volunteer fire; windham volunteer fire department: 290 white rd, windham, vt, 05143; none, 3634. Equipt support-volunteer emergency firefighters; volunteer fir

Form 990EZ, Part I, Line 16

Vt dept of taxes 216. Sos biennialrpt 0. Commissions on special sales bank fees 0. Tax preparation 260. Gifts

Raw XML Appendix126 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0SARAH WAITE
IRS990EZ/BooksInCareOfDetail/PhoneNum08028243519
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt015 Landgrove Rd
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Landgrove
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd005148
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt05643
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt04006
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt073940
IRS990EZ/CostOfGoodsSoldAmt075314
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-1637
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt05643
IRS990EZ/Form990TotalAssetsGrp/EOYAmt04006
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt058631
IRS990EZ/GrossProfitLossSlsOfInvntryAmt0-1374
IRS990EZ/GrossReceiptsAmt073940
IRS990EZ/GrossSalesOfInventoryAmt073940
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt05643
IRS990EZ/NetAssetsOrFundBalancesEOYAmt04006
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt05643
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt04006
IRS990EZ/OccupancyRentUtltsAndMaintAmt014750
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt016.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt116.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt38.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt416.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt58.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt616.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SARAH WAITE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARION LASELLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ANDREA OGDEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BETTY FORBES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4EDITH HUSSEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5PATRICIA SLADE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6WENDY ARACE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Pres
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice Pres
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Sec'y
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Member
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0476
IRS990EZ/PrimaryExemptPurposeTxt0Selling used clothing to those in need to raise money to provide financial support to 501(c) organizations in the greater community.
IRS990EZ/PrintingPublicationsPostageAmt0346
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Thrifty Attic, Inc. collects used clothing and some personal property, sells the donated property & distributes 79.3% (in 2015) of the proceeds to community organizations. Cont.@ Schedule O, Pg 2.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt058631
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt058631
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt074203
IRS990EZ/TotalProgramServiceExpensesAmt058631
IRS990EZ/TotalRevenueAmt072566
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990-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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PAGE 1, ITEM L. NON-DEDUCTIBLE CONTRIBUTIONS OF USED CLOTHING AND MINIMAL PERSONAL PROPERTY ARE MADE TO THRIFTY ATTIC; THEREFORE, THE $73,940. ENTRY ON PART I, LINE 1. THESE ITEMS GO INTO THRIFTY ATTIC INVENTORY. THE $75,314. ENTRY AT PART I, LINE 7B RESULTS FROM RECONCILING OPERATIONS TO ENDING CASH OF $4006. THE ITEMS WERE SOLD AND GENERATED SALES OF $73,940. DURING 2015; THEREFORE THE ENTRY FOR $73,940. AT PART I, LINE 7A. THESE ENTRIES REFLECT THE OPERATION OF THRIFTY ATTIC, BUT THEY NECESSITATE THIS EXPLANATION BECAUSE THEY CALCULATE A DUPLICATED AMOUNT ($147,880)AT PAGE 1, ITEM L, UNLESS A FORCED ENTRY IS MADE IN THE SOFTWARE PROGRAM. THRIFTY ATTIC GROSS RECEIPTS ARE $73,940. WHICH IS THE FAIR MARKET VALUE OF DONATED ITEMS, WHICH AMOUNT IS SUBSTANTIATED BY THE AMOUNT FOR WHICH THE ITEMS ARE SOLD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EQUIPT SUPPORT-VOLUNTEER EMERGENCY FIREFIGHTERS; VOLUNTEER FIRE; CHAMPION FIRE CO. OF S. LONDONDERRY: PO BOX 5, S. LONDONDERRY, VT, 05155; NONE, 4138. EQUIPT SUPPORT-VOLUNTEER EMERGENCY FIREFIGHTERS; VOLUNTEER FIRE; WESTON VOLUNTEER FIRE DEPARTMENT: PO BOX 52, WESTON, VT, 05161; NONE, 2500. EQUIPT SUPPORT-VOLUNTEER EMERGENCY FIREFIGHTERS; VOLUNTEER FIRE; WINDHAM VOLUNTEER FIRE DEPARTMENT: 290 WHITE RD, WINDHAM, VT, 05143; NONE, 3634. EQUIPT SUPPORT-VOLUNTEER EMERGENCY FIREFIGHTERS; VOLUNTEER FIR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VT DEPT OF TAXES 216. SOS BIENNIALRPT 0. COMMISSIONS ON SPECIAL SALES BANK FEES 0. TAX PREPARATION 260. GIFTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SARAH WAITE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08028243519
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Thrifty Attic Inc
ReturnHeader/Filer/BusinessNameControlTxt0THRI
ReturnHeader/Filer/EIN0030280339
ReturnHeader/Filer/PhoneNum08028243519
ReturnHeader/Filer/USAddress/AddressLine1Txt0c/o S Waite 15 Landgrove Rd
ReturnHeader/Filer/USAddress/CityNm0Landgrove
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005148
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHARLES GOODWIN CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 61
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005161
ReturnHeader/PreparerPersonGrp/PhoneNum08028246817
ReturnHeader/PreparerPersonGrp/PreparationDt02016-04-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES GOODWIN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-04-23T08:05:58-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.9$10.9$75.8$73.7$2.10
2023Detailed filing. Detailed filing data is available for this year.$8.83$0.00$8.83$71.6$66.5$5.10
2022Detailed filing. Detailed filing data is available for this year.$3.74$0.00$3.74$62.6$63.9$1.29
2021Detailed filing. Detailed filing data is available for this year.$5.02$0.00$5.02$42.6$42.7$0.06
2020Detailed filing. Detailed filing data is available for this year.$4.85$0.00$4.85$15.8$13.4$2.43
2019Detailed filing. Detailed filing data is available for this year.$2.42$0.00$2.42$76.0$74.3$1.65
2018Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$76.8$80.1$3.27
2017Detailed filing. Detailed filing data is available for this year.$4.04$0.00$4.04$79.7$81.5$1.82
2016Detailed filing. Detailed filing data is available for this year.$5.86$0.00$5.86$79.9$78.1$1.86
2015Detailed filing. Detailed filing data is available for this year.$4.01$0.00$4.01$72.6$74.2$1.64
2014Detailed filing. Detailed filing data is available for this year.$5.64$0.00$5.64$72.1$67.3$4.74
2013Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$75.3$80.0$4.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.55$5.55$76.3$73.0$3.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$2.20$70.0$71.4$1.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.55$3.55$69.5$73.6$4.13