Civic Intelligence

Thrifty Attic Inc

990EZ • Fiscal year 2020 • EIN 03-0280339

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 31, 2021

c/o Mary Licata 78 Nichols RoadLandgrove, VT 05148

(802) 824-3519

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Net Margin

68th percentile

15%

Higher net margin than 68% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Asset Growth

94th percentile

101%

Faster asset growth than 94% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

9th percentile

-79%

Faster revenue growth than 9% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,851

Up $2,432 (+101%) from 2019

Net Assets

Up

$4,851

Up $2,432 (+101%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$15,839

Down $60,111 (-79%) from 2019

Expenses

Down

$13,407

Down $60,889 (-82%) from 2019

Net Income

Up

$2,432

Up $778 (+47%) from 2019

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

2020

Assets$4,851
Liabilities$0
Net Assets$4,851

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

2020

Revenue$15,839
Expenses$13,407
Net Income$2,432
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 31, 2021
Return Version
2020v4.1
Gross Receipts
$15,839
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
See Sched O for 2020 activity.Thrifty Attic, Inc. collects used clothing and some personal property,sells the donated property & distributes 75.5% (in 2019) ofthe proceeds to community organizations. Cont.@ Schedule O, Pg 2.$800$800
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah WaitePresPT$0--
Marion LaselleVice PresPT$0--
Andrea OgdenSec'Y-$0--
Mary LicattaMemberPT$0--
Shirley BartonMemberPT$0--
Sarah PerryMember-$0--
Cynthia BoothMembber-$0--
Filing and Contact Details

Filer

Filer Name
Thrifty Attic Inc
EIN
03-0280339
Phone
8028243519
Address
c/o Mary Licata 78 Nichols Road, Landgrove, VT 05148

Signing Officer

Name
Mary Licata
Title
Treasurer
Phone
8028243519
Signed
2021-03-31
Discuss with paid preparer
Yes

Preparer

Firm
Charles Goodwin CPA
Address
PO BOX 61, WESTON, VT 05161
Preparer
Charles Goodwin
Phone
8023796848
Supplemental Narrative

Additional Explanations

Other

COVID 19 virtually halted Thrifty Attic's activities during 2020 and into 2021. It was able to make a donation to the Neighbors' Pantry, whick is also a tenant of the Londonderry Congregational Church. From prior year: 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 of varying financial capability purchase clothing from Thrifty, but it enables persons whose finances are stressed to cloth themselves inexpensviely. The Thrifty Attic has a volunteer staff, so a substantial portion of gross revenues goes to community support.

Other

Page 1, Item L. Non-deductible contributions of used

Other

clothingand minimal personal property are made to Thrifty

Other

Attic; therefore, the $75,950. entry on Part I, Line 1.

Other

These items go into Thrifty Attic Inventory. The $75,950.

Other

entry at Part I, line 7b results from reconciling

Other

operations to ending cash of $2419.35. The items were

Other

sold and generated sales of during 2019. therefore

Other

the entry of 75,950 at Part I, line 7a. These entries reflect

Other

the operation of Thrifty Attic, but they necessitate this

Other

explanation because they calculate a duplicated amount

Other

amount of $151,900 at Page 1,Item L, unless a forced entry is

Other

made in the software program.

Other

Thrifty Attic Gross Receipts are 75,950. which is the

Other

Fair Market Value of donated items, which amount is

Other

substantiated by the amount for which the items are sold.

Form 990EZ, Part I, Line 10

Food Shlf; 501-Food Pantry; Second Congregational Church: PO Box 77, Londonderry, VT, 05148; None, 800.

Form 990EZ, Part I, Line 16

VT Dept Of Taxes 273.

Form 990EZ, Part I, Line 16

SoS BiennialRpt 0.

Form 990EZ, Part I, Line 16

Commissions on special sales 0.

Form 990EZ, Part I, Line 16

E-bay 21.

Form 990EZ, Part I, Line 16

Bank fees 0.

Form 990EZ, Part I, Line 16

PO Box rental 70.

Form 990EZ, Part I, Line 16

To wipe out reconciliation failure due to rounding

Form 990EZ, Part I, Line 16

Awards

Raw XML Appendix195 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.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Landgrove
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IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0See Sched O for 2020 activity.Thrifty Attic, Inc. collects used clothing and some personal property,sells the donated property & distributes 75.5% (in 2019) ofthe proceeds to community organizations. Cont.@ Schedule O, Pg 2.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COVID 19 virtually halted Thrifty Attic's activities during 2020 and into 2021. It was able to make a donation to the Neighbors' Pantry, whick is also a tenant of the Londonderry Congregational Church. From prior year: 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 of varying financial capability purchase clothing from Thrifty, but it enables persons whose finances are stressed to cloth themselves inexpensviely. The Thrifty Attic has a volunteer staff, so a substantial portion of gross revenues goes to community support.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Page 1, Item L. Non-deductible contributions of used
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2clothingand minimal personal property are made to Thrifty
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Attic; therefore, the $75,950. entry on Part I, Line 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4These items go into Thrifty Attic Inventory. The $75,950.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5entry at Part I, line 7b results from reconciling
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6operations to ending cash of $2419.35. The items were
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7sold and generated sales of during 2019. therefore
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8the entry of 75,950 at Part I, line 7a. These entries reflect
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9the operation of Thrifty Attic, but they necessitate this
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10explanation because they calculate a duplicated amount
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11amount of $151,900 at Page 1,Item L, unless a forced entry is
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12made in the software program.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Thrifty Attic Gross Receipts are 75,950. which is the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Fair Market Value of donated items, which amount is
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15substantiated by the amount for which the items are sold.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Food Shlf; 501-Food Pantry; Second Congregational Church: PO Box 77, Londonderry, VT, 05148; None, 800.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17VT Dept Of Taxes 273.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18SoS BiennialRpt 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Commissions on special sales 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20E-bay 21.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21Bank fees 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22PO Box rental 70.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23To wipe out reconciliation failure due to rounding
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24Awards
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990EZ, Part I, Line 10
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990EZ, Part I, Line 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc24Form 990EZ, Part I, Line 16
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHARLES GOODWIN CPA
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ReturnHeader/ReturnTs02021-04-07T09:46:58-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Mary
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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