Civic Intelligence

Second Life Thrift Store Inc

990 • Fiscal year 2018 • EIN 27-2314419

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 14, 2019

1 North Clarendon AveAvondale Estates, GA 30002

(678) 974-5671

Siviq Scores

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

Liabilities / Assets

76th percentile

0.25x

Higher debt load relative to assets than 76% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

68th percentile

0.11x

Higher debt load relative to revenue than 68% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

32nd percentile

-3.1%

Higher net margin than 32% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

67th percentile

$53,007

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

13th percentile

-15%

Faster asset growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

64th percentile

12%

Faster revenue growth than 64% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$391,800

Down $67,918 (-15%) from 2017

Net Assets

Down

$292,143

Down $28,044 (-8.8%) from 2017

Liabilities

Down

$99,657

Down $39,874 (-29%) from 2017

Revenue

Up

$909,523

Up $100,760 (+12%) from 2017

Expenses

Up

$937,567

Up $111,338 (+13%) from 2017

Net Income

Down

-$28,044

Down $10,578 (-61%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2014: $302,086Liabilities 2014: $75,190Net Assets 2014: $226,8962014Assets 2015: $300,548Liabilities 2015: $57,964Net Assets 2015: $242,5842015Assets 2016: $423,049Liabilities 2016: $85,396Net Assets 2016: $337,6532016Assets 2017: $459,718Liabilities 2017: $139,531Net Assets 2017: $320,1872017Assets 2018: $391,800Liabilities 2018: $99,657Net Assets 2018: $292,1432018Assets 2019: $423,982Liabilities 2019: $136,235Net Assets 2019: $287,7472019Assets 2020: $396,935Liabilities 2020: $121,735Net Assets 2020: $275,2002020Assets 2021: $615,248Liabilities 2021: $104,870Net Assets 2021: $510,3782021Assets 2022: $854,095Liabilities 2022: $416,790Net Assets 2022: $437,3052022Assets 2023: $724,587Liabilities 2023: $250,260Net Assets 2023: $474,3272023Assets 2024: $897,737Liabilities 2024: $391,294Net Assets 2024: $506,4432024

Highlighted filing

2018

Assets$391,800
Liabilities$99,657
Net Assets$292,143

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2014: $650,473Expenses 2014: $650,428Net Income 2014: $452014Revenue 2015: $708,784Expenses 2015: $693,096Net Income 2015: $15,6882015Revenue 2016: $812,482Expenses 2016: $717,413Net Income 2016: $95,0692016Revenue 2017: $808,763Expenses 2017: $826,229Net Income 2017: -$17,4662017Revenue 2018: $909,523Expenses 2018: $937,567Net Income 2018: -$28,0442018Revenue 2019: $1,011,352Expenses 2019: $1,015,748Net Income 2019: -$4,3962019Revenue 2020: $604,396Expenses 2020: $616,943Net Income 2020: -$12,5472020Revenue 2021: $1,164,466Expenses 2021: $929,289Net Income 2021: $235,1772021Revenue 2022: $1,139,194Expenses 2022: $1,212,267Net Income 2022: -$73,0732022Revenue 2023: $1,276,951Expenses 2023: $1,239,929Net Income 2023: $37,0222023Revenue 2024: $1,333,416Expenses 2024: $1,301,300Net Income 2024: $32,1162024

Highlighted filing

2018

Revenue$909,523
Expenses$937,567
Net Income-$28,044
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 14, 2019
Return Version
2018v3.1
Gross Receipts
$909,523
Mission and Program Overview

Mission

To support animal rescue groups and charities in their goals of increasing adoptions of homeless pets and reducing pet overpopulation through spay/neuter programs. The organization offers a high quality thrift shopping experience in a clean, organized retail environment with a focus on providing excellent customer servce to encourage repeat business and word-of-mouth promotion. Proceeds from the sale of donated items are used to support store expenses and to issue monetary grants to various animal rescues to support the mission of reducing euthanasia of adoptable pets and finding homes for homeless pets. Most grant recipient organizations are exempt under section 501(c)(3) of the irs code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$296,637$209,819▼ $86,818
Inventories for Sale or Use$140,476$159,876▲ $19,400
Cash and Non-Interest-Bearing Accounts$7,845$9,545▲ $1,700
Accounts Receivable$10,056$7,101▼ $2,955
Land, Buildings, and Equipment, Net$2,404$1,731▼ $673
Prepaid Expenses and Deferred Charges-$1,428-
Total Assets$459,718$391,800▼ $67,918
Other Assets Total$2,300$2,300→ $0
Liabilities
Grants Payable$112,925$73,225▼ $39,700
Other Liabilities$21,659$23,924▲ $2,265
Accounts Payable and Accrued Expenses$4,947$2,508▼ $2,439
Total Liabilities$139,531$99,657▼ $39,874
Net Assets / Fund Balance
Unrestricted Net Assets$320,187$292,143▼ $28,044
Total Net Assets Fund Balance$320,187$292,143▼ $28,044
Total Liabilities and Net Assets / Fund Balance$459,718$391,800▼ $67,918

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,731$14,993$16,724
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tanya MahrousCEOFT$53,007$53,007
Gerald Tobias JrSecretaryFT$49,093$49,093

Board Members and Trustees

NameTitle
Joyce AdkinsDirector
Jennifer WilliamsTreasurer
Jill BarnesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$12,174
Program Service Revenue
$896,945
Investment Income
$404
Other Revenue
$0
All Other Contributions
$12,174
Change in Net Assets
$-28,044

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$465,949
Grants and Similar Amounts Paid$248,450
Other Expenses$223,168
Total Fundraising Expense$41,051
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$234,551$49,666$24,888$309,105
Grants to Domestic Orgs$248,450--$248,450
Occupancy$124,325$19,730$145$144,200
Current Officers, Directors, Trustees, and Key Employees$83,617$12,315$8,168$104,100
Payroll Taxes$24,060$4,687$2,500$31,247
Other Employee Benefits$17,029$3,224$1,244$21,497
Advertising$16,173-$2,854$19,027
Information Technology$6,910$1,264$253$8,427
Insurance$4,090$748$150$4,988
Fees for Services Accounting-$2,773-$2,773
All Other Expenses$2,127$170-$2,297
Other Expenses$1,898$211$232$2,109
Office Expenses-$618$617$1,235
Depreciation Depletion-$673-$673
Fees for Services Other-$375-$375
Interest-$35-$35
Total Functional Expenses$798,867$97,649$41,051$937,567
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lifeline Animal ProjectAtlanta, GA501(c)Animal Rescue$21,075
Spayneuter Coalition of GeorgiaLebanon, GA501(c)Spay/neuter Program$17,300
Paws AtlantaDecatur, GA501(c)Animal Rescue$12,175
Spay GeorgiaLilburn, GA501(c)Spay/neuter Program$9,850
Pet BuddiesAtlnata, GA501(c)Spay/neuter Program$9,275
Planned Pethood of GeorgiaDuluth, GA501(c)Spay/neuter Program$9,000
Georgia Animal ProjectHolly Springs, GA501(c)Spay/neuter Program$8,975
Georgia Spot SocietyAtlanta, GA501(c)Spay/neuter Program$7,800
Friends to the ForlornDallas, GA501(c)Animal Rescue$6,150
No More Puppies GaBrick, NJ501(c)Spay/neuter Program$6,000
Atlanta Animal Rescue FriendsStone Mountain, GA501(c)Animal Rescue$5,675
Animal DiplomacyesmaCambridge, MA501(c)Animal Rescue$5,150
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Salaries Payable$16,644
Sales Taxes$6,019
Payroll Liabilities$1,261
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Business relationship with family members
No
Business relationship with organization members
No
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 2

Tanya mahrous gerald tobias ceo secretary married to each other.

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

Local cpa firm prepares the form 990 utilizing reviewed financial statements prepared by the firm and data furnished by organization management. The 990 is then provided to the board for review, any changes as necessary are made and after final approval form 990 is filed in accordance with irs and state requirements.

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

Officers and directors are required to certify to and disclose any conflicts of interest annually. The ceo monitors employees and volunteers and resolves any conflicts that may occur. If unable to resolve, the matter is taken to the board for resolution. For 2018 there were no conflicts of interest.

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

The ceo compensation is determined by the board utilizing comparability data for similar positions in other nonprofit thrift store organizations.

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

Compensation of other officers are determined by the board utilizing compa rability data for similar positions in other nonprofit organizations.

Form 990, Page 6, Part VI, Line 19

The organization maintains copies of all governing documents, policies and financial statments which may be obtained by written request to: second life thrift store, inc., 1 north clarendon ave, avondale estates, georgia 30002.

Filing and Contact Details

Filer

Filer Name
Second Life Thrift Store Inc
EIN
27-2314419
Phone
6789745671
Address
1 NORTH CLARENDON AVE, AVONDALE ESTATES, GA 30002

Signing Officer

Name
Tanya Mahrous
Title
CEO
Phone
6789745671
Signed
2019-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tanya Mahrous
Formed
2010
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
3
Employees
22
Volunteers
30

Preparer

Firm
Fricke & Associates Pc
Address
3295 RIVER EXCHANGE DR STE 561, NORCROSS, GA 30092-4248
Preparer
William T Fricke CPA
Phone
7702162226
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To support animal rescue groups and charities in their goals of increasing adoptions of homeless pets and reducing pet overpopulation through spay/neuter programs. The organization offers a high quality thrift shopping experience in a clean, organized retail environment with a focus on providing excellent customer servce to encourage repeat business and word-of-mouth promotion. Proceeds from the sale of donated items are used to support store expenses and to issue monetary grants to various animal rescues to support the mission of reducing euthanasia of adoptable pets and finding homes for homeless pets. Most grant recipient organizations are exempt under section 501(c)(3) of the irs code.

Form 990, Page 2, Part III, Line 4A

Second life thrift store operates through donations of clothing, furniture, toys, shoes, sporting goods, household items and other goods received from the general public for sale to individuals in their stores. From the sale of these donations, the organization provided cash grants of 248,450 to 70 animal rescue organizations to assist these organizations in providing, various services, including veterinarian and medical services such as vaccinations, heartworm testing and treatment, spay/neuter operations, transport fees and overall care of homeless dogs and cats. Costs for services range from 35 to 175 and it is estimated over 3,000 animals received services during the year. Spay/neuter services prevented unwanted litters from being born and helped to end the suffering of animals that would otherwise end up in shelters that euthanize.

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IRS990/Desc0SECOND LIFE THRIFT STORE OPERATES THROUGH DONATIONS OF CLOTHING, FURNITURE, TOYS, SHOES, SPORTING GOODS, HOUSEHOLD ITEMS AND OTHER GOODS RECEIVED FROM THE GENERAL PUBLIC FOR SALE TO INDIVIDUALS IN THEIR STORES. FROM THE SALE OF THESE DONATIONS, THE ORGANIZATION PROVIDED CASH GRANTS OF 248,450 TO 70 ANIMAL RESCUE ORGANIZATIONS TO ASSIST THESE ORGANIZATIONS IN PROVIDING, VARIOUS SERVICES, INCLUDING VETERINARIAN AND MEDICAL SERVICES SUCH AS VACCINATIONS, HEARTWORM TESTING AND TREATMENT, SPAY/NEUTER OPERATIONS, TRANSPORT FEES AND OVERALL CARE OF HOMELESS DOGS AND CATS. COSTS FOR SERVICES RANGE FROM 35 TO 175 AND IT IS ESTIMATED OVER 3,000 ANIMALS RECEIVED SERVICES DURING THE YEAR. SPAY/NEUTER SERVICES PREVENTED UNWANTED LITTERS FROM BEING BORN AND HELPED TO END THE SUFFERING OF ANIMALS THAT WOULD OTHERWISE END UP IN SHELTERS THAT EUTHANIZE.
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt021497
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IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
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