Civic Intelligence

New 2 U Thrift Center Inc

EIN 27-0489876 • 501(c)3 • Largo, FL

Profile

New 2 u thrift center is a not for profit organization dedicated to serving needy members of the community. Through the collection of re-saleable donated items, the thrift center is able to support children and families in need by providing clothing and household items. Net proceeds from the sale of donated items are also used to provide food and other necessary aid for low income families. The thrift center encourages people to volunteer and serve for the benefit of their community, state, the country and worldwide.

12945 114th Ave NLargo, FL 33774

www.new2uthriftcenter.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

18th percentile

-32%

Higher net margin than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2021

Revenue Growth

22nd percentile

-37%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2021

Assets

Down

$0

Down $80,107 (-100%) from 2020

Liabilities

Down

$0

Down $36,737 (-100%) from 2020

Net Assets

Down

$0

Down $43,370 (-100%) from 2020

Revenue

Down

$137,272

Down $208,848 (-60%) from 2020

Expenses

Down

$180,642

Down $155,337 (-46%) from 2020

Net Income

Down

-$43,370

Down $53,511 (-528%) from 2020

Trend Graphs

Balance Sheet Trend

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

$100K$50K$0Assets 2010: $51,031Liabilities 2010: $26,235Net Assets 2010: $24,7962010Assets 2011: $57,605Liabilities 2011: $18,051Net Assets 2011: $39,5542011Assets 2012: $53,091Liabilities 2012: $10,710Net Assets 2012: $42,3812012Assets 2013: $65,224Liabilities 2013: $3,141Net Assets 2013: $62,0832013Assets 2014: $64,364Liabilities 2014: $3,907Net Assets 2014: $60,4572014Assets 2015: $34,987Liabilities 2015: $4,895Net Assets 2015: $30,0922015Assets 2016: $39,173Liabilities 2016: $4,546Net Assets 2016: $34,6272016Assets 2017: $55,955Liabilities 2017: $5,384Net Assets 2017: $50,5712017Assets 2018: $35,030Liabilities 2018: $4,962Net Assets 2018: $30,0682018Assets 2019: $37,745Liabilities 2019: $4,516Net Assets 2019: $33,2292019Assets 2020: $80,107Liabilities 2020: $36,737Net Assets 2020: $43,3702020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $209,1312010Expenses 2011: $270,5392011Expenses 2012: $308,7632012Revenue 2013: $329,770Expenses 2013: $310,068Net Income 2013: $19,7022013Revenue 2014: $321,851Expenses 2014: $323,477Net Income 2014: -$1,6262014Revenue 2015: $330,432Expenses 2015: $360,797Net Income 2015: -$30,3652015Revenue 2016: $324,555Expenses 2016: $320,020Net Income 2016: $4,5352016Revenue 2017: $336,271Expenses 2017: $320,327Net Income 2017: $15,9442017Revenue 2018: $338,122Expenses 2018: $358,625Net Income 2018: -$20,5032018Revenue 2019: $349,655Expenses 2019: $346,494Net Income 2019: $3,1612019Revenue 2020: $346,120Expenses 2020: $335,979Net Income 2020: $10,1412020Revenue 2021: $137,272Expenses 2021: $180,642Net Income 2021: -$43,3702021

Highlighted filing

2021

Revenue$137,272
Expenses$180,642
Net Income-$43,370

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 16, 2022
Return Version
2021v4.0
Gross Receipts
$137,272
Mission and Program Overview

Mission

New 2 u thrift center is a not for profit organization dedicated to serving needy members of the community. Through the collection of re-saleable donated items, the thrift center is able to support children and families in need by providing clothing and household items. Net proceeds from the sale of donated items are also used to provide food and other necessary aid for low income families. The thrift center encourages people to volunteer and serve for the benefit of their community, state, the country and worldwide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$73,193--
Prepaid Expenses and Deferred Charges$6,914--
Total Assets$80,107$0▼ $80,107
Liabilities
Other Liabilities$32,700--
Accounts Payable and Accrued Expenses$4,037--
Total Liabilities$36,737$0▼ $36,737
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$43,370--
Total Net Assets Fund Balance$43,370$0▼ $43,370
Total Liabilities and Net Assets / Fund Balance$80,107$0▼ $80,107
Compensation and Service Providers

Board Members and Trustees

NameTitle
Raymond a MadrayPresident
Bryan KingDirector
Justin NymarkDirector
Kenneth ThompsonDirector
Robert De HaanDirector
Stephen NymarkDirector
Susan ThompsonDirector
Sheri NymarkTreasurer
Esther H MadrayVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$94,568
Program Service Revenue
$0
Investment Income
$4
Other Revenue
$42,700
All Other Contributions
$94,568
Change in Net Assets
$-43,370
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$129,181
Salaries, Compensation, and Employee Benefits$51,461
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$46,363--$46,363
Occupancy$21,389--$21,389
Office Expenses$6,392--$6,392
Payroll Taxes$5,098--$5,098
Insurance$3,646--$3,646
Fees for Services Accounting$2,406--$2,406
Advertising$397--$397
Other Expenses$277--$277
All Other Expenses$209--$209
Total Functional Expenses$180,642$0$0$180,642
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Sheri NymarkOfficerRent of BuildingNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Each board member receives a copy of the 990 prior to its submission. Once they have had the opportunity of reviewing the tax filing, they are required to notify the president of the board and the executive director of any changes that are required.

Form 990, Page 6, Part VI, Line 12C

Each year, board members reaffirm this policy and disclose any conflicts of interest. If a conflict of interest were to arise, the board member would be asked to explain their position, and the board would discuss the impairment.

Form 990, Page 6, Part VI, Line 15A

On an annual basis, the board of directors reviews the payroll compesation of the drector key employees of the organization. They apply criteria for work performance, job duties, and comparable salaries in the area.

Form 990, Page 6, Part VI, Line 15B

On an annual basis, the board of directors reviews the payroll compesation of key employees of the organization. They apply criteria for work performance, job duties, and comparable salaries in the area.

Form 990, Page 6, Part VI, Line 19

The office maintains a copy of their annual 990 tax return. Upon request, the public can request to review the tax return, and any governing documents.

Filing and Contact Details

Filer

Filer Name
New 2 U Thrift Center Inc
EIN
27-0489876
Phone
7274654261
Address
12945 114TH AVE N, LARGO, FL 33774

Signing Officer

Name
Sheri Nymark
Title
Treasurer
Phone
7274654261
Signed
2022-06-16

Organization Details

Principal Officer
Sheri Nymark
Formed
2009
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
8
Employees
7

Preparer

Firm
Michael E Steuer CPA Pa
Address
1000 S BELCHER RD STE 7, LARGO, FL 33771-3316
Preparer
Michael E Steuer CPA
Phone
7277979000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

New 2 u thrift center is a not for profit organization dedicated to serving needy members of the community. Through the collection of re-saleable donated items, the thrift center is able to support children and families in need by providing clothing and household items. Net proceeds from the sale of donated items are also used to provide food and other necessary aid for low income families. The thrift center encourages people to volunteer and serve for the benefit of their community, state, the country and worldwide.

Form 990, Page 1, Part I, Line 6

The use of volunteers is an integral part of operating the organization. The volunteers assist in the thrift store by sorting items, help customers, stocking shelves and operating the store.

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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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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0349655
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0338122
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0336271
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01507440
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IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0SHERI NYMARK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT OF BUILDING
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0AN OFFICER OF THE BOARD ALLOWED NEW 2 U THRIFT CENTER, INC. TO USE A COMMERCIAL BUILDING THEY OWNED. UNDER THE ARRANGEMENT, THE BOARD MEMBER MADE SIGNIFICANT CAPITAL IMPROVEMENTS TO THE BUILDING AND ALLOWED THE ORGANIZATION TO UTILIZE THE SPACE AT A REDUCED RENT UNTIL THEY WERE FINANCIALLY STABLE. DURING 2018, THE ORGANZATION PAID THE FAIR MARKET RENT FOR USE OF THE BUILDING AS STIPULATED IN THEIR LEASE AGREEMENT.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEW 2 U THRIFT CENTER IS A NOT FOR PROFIT ORGANIZATION DEDICATED TO SERVING NEEDY MEMBERS OF THE COMMUNITY. THROUGH THE COLLECTION OF RE-SALEABLE DONATED ITEMS, THE THRIFT CENTER IS ABLE TO SUPPORT CHILDREN AND FAMILIES IN NEED BY PROVIDING CLOTHING AND HOUSEHOLD ITEMS. NET PROCEEDS FROM THE SALE OF DONATED ITEMS ARE ALSO USED TO PROVIDE FOOD AND OTHER NECESSARY AID FOR LOW INCOME FAMILIES. THE THRIFT CENTER ENCOURAGES PEOPLE TO VOLUNTEER AND SERVE FOR THE BENEFIT OF THEIR COMMUNITY, STATE, THE COUNTRY AND WORLDWIDE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE USE OF VOLUNTEERS IS AN INTEGRAL PART OF OPERATING THE ORGANIZATION. THE VOLUNTEERS ASSIST IN THE THRIFT STORE BY SORTING ITEMS, HELP CUSTOMERS, STOCKING SHELVES AND OPERATING THE STORE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER RECEIVES A COPY OF THE 990 PRIOR TO ITS SUBMISSION. ONCE THEY HAVE HAD THE OPPORTUNITY OF REVIEWING THE TAX FILING, THEY ARE REQUIRED TO NOTIFY THE PRESIDENT OF THE BOARD AND THE EXECUTIVE DIRECTOR OF ANY CHANGES THAT ARE REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH YEAR, BOARD MEMBERS REAFFIRM THIS POLICY AND DISCLOSE ANY CONFLICTS OF INTEREST. IF A CONFLICT OF INTEREST WERE TO ARISE, THE BOARD MEMBER WOULD BE ASKED TO EXPLAIN THEIR POSITION, AND THE BOARD WOULD DISCUSS THE IMPAIRMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ON AN ANNUAL BASIS, THE BOARD OF DIRECTORS REVIEWS THE PAYROLL COMPESATION OF THE DRECTOR KEY EMPLOYEES OF THE ORGANIZATION. THEY APPLY CRITERIA FOR WORK PERFORMANCE, JOB DUTIES, AND COMPARABLE SALARIES IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ON AN ANNUAL BASIS, THE BOARD OF DIRECTORS REVIEWS THE PAYROLL COMPESATION OF KEY EMPLOYEES OF THE ORGANIZATION. THEY APPLY CRITERIA FOR WORK PERFORMANCE, JOB DUTIES, AND COMPARABLE SALARIES IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE OFFICE MAINTAINS A COPY OF THEIR ANNUAL 990 TAX RETURN. UPON REQUEST, THE PUBLIC CAN REQUEST TO REVIEW THE TAX RETURN, AND ANY GOVERNING DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalContributionsAmt094568
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0180642
IRS990/TotalFunctionalExpensesGrp/TotalAmt0180642
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036737
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt036737
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt043370
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalProgramServiceExpensesAmt0180642
IRS990/TotalRevenueGrp/ExclusionAmt042700
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0137272
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt080107
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012945 114TH AVE N
IRS990/USAddress/CityNm0LARGO
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IRS990/USAddress/ZIPCd033774
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IRS990/WebsiteAddressTxt0WWW.NEW2UTHRIFTCENTER.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SHERI NYMARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07274654261
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW 2 U THRIFT CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0NEW2
ReturnHeader/Filer/EIN0270489876
ReturnHeader/Filer/PhoneNum07274654261
ReturnHeader/Filer/USAddress/AddressLine1Txt012945 114TH AVE N
ReturnHeader/Filer/USAddress/CityNm0LARGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033774
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593761272
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL E STEUER CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 S BELCHER RD STE 7
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LARGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0337713316
ReturnHeader/PreparerPersonGrp/PhoneNum07277979000
ReturnHeader/PreparerPersonGrp/PreparationDt02022-06-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL E STEUER CPA
ReturnHeader/ReturnTs02022-06-18T19:15:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SHERI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NYMARK
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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