Impact Thrift Stores Inc

“James jones was appointed manager duties as acting ceo of impact thrift stores on may 19, 2017. Prior to his appointment, james jones held the position of cfo and treasurer of impact thrift stores until terminated on january 13, 2017. A management agreement was entered into between impact thrift stores and heavens treasures thrift and value stores, llc, a delaware for-profit cororation, in may of 2017. Heavens treasures thrift and value stores, llc is wholly-owned and managed by james jones. In his capacity as manager and acting ceo, james jones excercised general supervisory responsibility and management authority over impact thrift stores. Impact's then-current ceo, gray wirth, terminated his employment with impact on may 19, 2017. The term of this agreemnt was for a period commencing on may 15, 2017 and continued through the closing of the asset sale of impact thrift stores to heavens treasures thrift and value stores, llc. The manager's compensation was 2,500 per week, payable to heavens treasures.”

“The 990 was reviewed by the top management offical and the board of directors before filing.”

“Board memebers are required to submit an annual certification that they adhered to the conflicts-of-interest policy, and also in the employee manual there is a section with the conflicts-of-interest policy which is enforced as any potential issues come to managment's attention.”

“The board of directors determine compensation based on an evaluation of performance and local salary structure.”

“The board of directors determine compensation based on an evaluation of performance and local salary structure.”

“The organization will make its governing documents and financial statements available to the public upon receipt of a written request.”

“Financially support local charities helping families and children in need through the net proceeds generated by our thrift store operations. Our financial support of these local non-profits enables their staff to spend more time doing what they do best - feeding the hungry, housing the homeless, and supporting children and families in need. Impact thrift repurposes donations of gently used merchandise by selling items that are no longer needed to those who put them back in service. Because more than 90% of the inventory in our stores is from donated merchandise, our success depends on a community effort. Together we make a difference. We make an impact as a faith-based, non-profit organization, we: -- seek to honor god and value people in all we do. -- financially support locally based charities providing hunger and homelessness prevention; early childhood, adolescent and adult education; family dental care; and foster care and adoption services. -- provide access to low-cost, high-quality merchandise. -- create meaningful employment and volunteer opportunities. -- empower people to support others in need through their donations. -- promote good stewardship of the environment by reusing, reselling or recycling goods that may otherwise end up in landfills. -- offer all individuals a first class shopping experience.”

“Cost of donated goods sold 0 cost of donated goods sold 0 aca penalties 0 book / tax depreciation difference 121,097 total 121,097”