Civic Intelligence

Valley Thrift Shop Inc

EIN 06-0937002 • 501(c)3 • Winsted, CT

RevokedPub. 78 Eligible990-N Coverage

Profile

Valley thrift shop is similar to goodwill as they collect donated items and sell them at low discounted rates to needy individuals.

Revocation date: May 15, 2023

714 Main StreetWinsted, CT 06098

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

68th percentile

14%

Higher net margin than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

$13,807

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$13,807

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue62nd percentileNet Margin68th percentile

Revenue

$31,119

No earlier filing loaded for comparison.

Expenses

$26,785

No earlier filing loaded for comparison.

Net Income

$4,334

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15K$10K$5.0K$0Assets 2022: $13,807Liabilities 2022: $0Net Assets 2022: $13,8072022

Highlighted filing

2022

Assets$13,807
Liabilities$0
Net Assets$13,807
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$30K$20K$10K$0Revenue 2022: $31,119Expenses 2022: $26,785Net Income 2022: $4,3342022

Highlighted filing

2022

Revenue$31,119
Expenses$26,785
Net Income$4,334
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,807
Liabilities
$0
Net assets
$13,807
Revenue
$31,119
Expenses
$26,785
Net income
$4,334
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$13.8$0.00$13.8$31.1$26.8$4.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 8, 2023
Return Version
2022v5.0
Gross Receipts
$31,119
Mission and Program Overview

Mission

Valley thrift shop is similar to goodwill as they collect donated items and sell them at low discounted rates to needy individuals.

Program Services

DescriptionGrantsExpenses
ORGANIZATION COLLECTED DONATED ITEMS WHICH WERE PREPARED FOR SALE TO NEEDY INDIVIDUALS AT A DISCOUNTED AFFORDABLE AMOUNT. ALL FUNDS RAISED THROUGH THIS PROCESS WERE INVESTED BACK INTO THE OPERATION OF THE ORGANIZATION.-$26,785
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JERRI MORGANTreasurer-$0--
BARBARA COKER LOMBARDOPresidentPT$0--
MARIE KOCHSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Valley Thrift Shop Inc
EIN
06-0937002
Phone
8603792390
Address
714 MAIN STREET, Winsted, CT 06098

Signing Officer

Name
Jerri Morgan
Title
President
Phone
8603792390
Signed
2023-06-08
Discuss with paid preparer
No

Preparer

Firm
H and R Block
Address
286 MAIN ST, WINSTED, CT 06098
Preparer
Albert Cappabianca
Phone
8603796119
Supplemental Narrative

Additional Explanations

Form 990EZ - Part 1, Line 10

“Donations to other non profit organizations”

Raw XML Appendix114 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/PersonNm0JERRI MORGAN
IRS990EZ/BooksInCareOfDetail/PhoneNum09592177912
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0714 MAIN STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Winsted
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd006098
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt09473
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt013807
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt04334
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0190
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt09473
IRS990EZ/Form990TotalAssetsGrp/EOYAmt013807
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt0400
IRS990EZ/GrossReceiptsAmt031119
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt09473
IRS990EZ/NetAssetsOrFundBalancesEOYAmt013807
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt09473
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt013807
IRS990EZ/OccupancyRentUtltsAndMaintAmt022217
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt03.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt112.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt26.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JERRI MORGAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1BARBARA COKER LOMBARDO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARIE KOCH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt03846
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0VALLEY THRIFT SHOP IS SIMILAR TO GOODWILL AS THEY COLLECT DONATED ITEMS AND SELL THEM AT LOW DISCOUNTED RATES TO NEEDY INDIVIDUALS.
IRS990EZ/PrintingPublicationsPostageAmt0132
IRS990EZ/ProgramServiceRevenueAmt031119
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ORGANIZATION COLLECTED DONATED ITEMS WHICH WERE PREPARED FOR SALE TO NEEDY INDIVIDUALS AT A DISCOUNTED AFFORDABLE AMOUNT. ALL FUNDS RAISED THROUGH THIS PROCESS WERE INVESTED BACK INTO THE OPERATION OF THE ORGANIZATION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt026785
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CT
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt026785
IRS990EZ/TotalProgramServiceExpensesAmt026785
IRS990EZ/TotalRevenueAmt031119
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt031119
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt031119
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt031119
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt031119
IRS990ScheduleA/Total509Grp/TotalAmt031119
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt031119
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt031119
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DONATIONS TO OTHER NON PROFIT ORGANIZATIONS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990EZ - PART 1, LINE 10
ReasonableCauseExplanation/ExplanationTxt0ORGANIZATION UNDERWENT OFFICER CHANGES AND BOOKS WERE LEFT IN SHAMBLES. NEW TREASURER ORGANIZED, BUT IT TOOK TIME TO COMPLETE. FOR A SMALL NON PROFIT LIKE THIS, A $500 PENALTY WOULD PUT A LARGE DENT IN THEIR OPERATION. PLEASE EXCUSE THE LATE FILING. THANK YOU.
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRI MORGAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08603792390
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALLEY THRIFT SHOP INC
ReturnHeader/Filer/BusinessNameControlTxt0VALL
ReturnHeader/Filer/EIN0060937002
ReturnHeader/Filer/PhoneNum08603792390
ReturnHeader/Filer/USAddress/AddressLine1Txt0714 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0Winsted
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006098
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061104368
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0H AND R BLOCK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0286 MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINSTED
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006098
ReturnHeader/PreparerPersonGrp/PhoneNum08603796119
ReturnHeader/PreparerPersonGrp/PreparationDt02023-06-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALBERT CAPPABIANCA
ReturnHeader/ReturnTs02023-06-08T21:57:52Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JERRI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MORGAN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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