Civic Intelligence

New 2 U Thrift Center Inc

990 • Fiscal year 2019 • EIN 27-0489876

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 07, 2020

12945 114th Ave NLargo, FL 33774

(727) 465-4261

Siviq Scores

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

Liabilities / Assets

80th percentile

0.12x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

44th percentile

0.9%

Higher net margin than 44% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

86th percentile

$26,450

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

59th percentile

7.8%

Faster asset growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

54th percentile

3.4%

Faster revenue growth than 54% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$37,745

Up $2,715 (+7.8%) from 2018

Net Assets

Up

$33,229

Up $3,161 (+11%) from 2018

Liabilities

Down

$4,516

Down $446 (-9.0%) from 2018

Revenue

Up

$349,655

Up $11,533 (+3.4%) from 2018

Expenses

Down

$346,494

Down $12,131 (-3.4%) from 2018

Net Income

Up

$3,161

Up $23,664 (+115%) from 2018

Historical Trend

Balance Sheet Trend

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

$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

2019

Assets$37,745
Liabilities$4,516
Net Assets$33,229

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$349,655
Expenses$346,494
Net Income$3,161
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 7, 2020
Return Version
2019v5.0
Gross Receipts
$349,655
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$23,548$20,939▼ $2,609
Prepaid Expenses and Deferred Charges$10,541$16,603▲ $6,062
Land, Buildings, and Equipment, Net$941$203▼ $738
Total Assets$35,030$37,745▲ $2,715
Liabilities
Accounts Payable and Accrued Expenses$4,962$4,516▼ $446
Total Liabilities$4,962$4,516▼ $446
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$30,068$33,229▲ $3,161
Total Net Assets Fund Balance$30,068$33,229▲ $3,161
Total Liabilities and Net Assets / Fund Balance$35,030$37,745▲ $2,715

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$203$13,257$13,460
Equipment-$12,953$12,953
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stephen NymarkDirectorPT$26,450$26,450

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$54,968
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$294,687
All Other Contributions
$54,968
Change in Net Assets
$3,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$189,397
Salaries, Compensation, and Employee Benefits$157,097
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$119,392--$119,392
Occupancy$87,168--$87,168
Current Officers, Directors, Trustees, and Key Employees$26,450--$26,450
Insurance$16,956--$16,956
Payroll Taxes$11,255--$11,255
Fees for Services Accounting$5,475--$5,475
Advertising$4,721--$4,721
All Other Expenses$4,196--$4,196
Other Expenses$2,743--$2,743
Office Expenses$2,166--$2,166
Depreciation Depletion$738--$738
Total Functional Expenses$346,494$0$0$346,494
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
2020-02-07

Organization Details

Principal Officer
Sheri Nymark
Formed
2009
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
8
Employees
8
Volunteers
36

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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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER
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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
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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/WebsiteAddressTxt0WWW.NEW2UTHRIFTCENTER.ORG
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SHERI NYMARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07274654261
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW 2 U THRIFT CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0NEW2
ReturnHeader/Filer/EIN0270489876
ReturnHeader/Filer/PhoneNum07274654261
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AFB5F2223C4B292A982AB18322EFE325887FE94D
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02020-02-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm010:50:10
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/PreparationDt02020-02-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL E STEUER CPA
ReturnHeader/ReturnTs02020-02-13T10:50:10-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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