Civic Intelligence

Thrifty Sisters Inc

990 • Fiscal year 2015 • EIN 46-0695428

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 15, 2016

8911 Patterson AveRichmond, VA 23229

(804) 658-4153

Siviq Scores

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

Liabilities / Assets

65th percentile

0.14x

Higher debt load relative to assets than 65% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

68th percentile

0.14x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

63rd percentile

$45,834

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

79th percentile

20%

Faster asset growth than 79% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

56th percentile

6.3%

Faster revenue growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$331,879

Up $55,007 (+20%) from 2014

Net Assets

Up

$284,298

Up $62,539 (+28%) from 2014

Liabilities

Down

$47,581

Down $7,532 (-14%) from 2014

Revenue

Up

$343,813

Up $20,270 (+6.3%) from 2014

Expenses

Up

$281,054

Up $35,190 (+14%) from 2014

Net Income

Down

$62,759

Down $14,920 (-19%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2012: $77,803Liabilities 2012: $11,3132012Assets 2013: $207,233Liabilities 2013: $62,909Net Assets 2013: $144,3242013Assets 2014: $276,872Liabilities 2014: $55,113Net Assets 2014: $221,7592014Assets 2015: $331,879Liabilities 2015: $47,581Net Assets 2015: $284,2982015Assets 2016: $462,724Liabilities 2016: $47,777Net Assets 2016: $414,9472016Assets 2017: $458,584Liabilities 2017: $25,981Net Assets 2017: $432,6032017Assets 2018: $501,073Liabilities 2018: $8,768Net Assets 2018: $492,3052018Assets 2019: $604,805Liabilities 2019: $4,988Net Assets 2019: $599,8172019Assets 2020: $673,217Liabilities 2020: $8,326Net Assets 2020: $664,8912020Assets 2021: $809,915Liabilities 2021: $143,791Net Assets 2021: $666,1242021Assets 2022: $848,112Liabilities 2022: $160,734Net Assets 2022: $687,3782022Assets 2023: $837,263Liabilities 2023: $181,519Net Assets 2023: $655,7442023Assets 2024: $888,029Liabilities 2024: $211,855Net Assets 2024: $676,1742024

Highlighted filing

2015

Assets$331,879
Liabilities$47,581
Net Assets$284,298

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $77,044Expenses 2012: $10,554Net Income 2012: $66,4902012Revenue 2013: $240,425Expenses 2013: $162,591Net Income 2013: $77,8342013Revenue 2014: $323,543Expenses 2014: $245,864Net Income 2014: $77,6792014Revenue 2015: $343,813Expenses 2015: $281,054Net Income 2015: $62,7592015Revenue 2016: $454,507Expenses 2016: $323,853Net Income 2016: $130,6542016Revenue 2017: $407,265Expenses 2017: $393,115Net Income 2017: $14,1502017Revenue 2018: $478,864Expenses 2018: $419,346Net Income 2018: $59,5182018Revenue 2019: $587,439Expenses 2019: $480,686Net Income 2019: $106,7532019Revenue 2020: $530,819Expenses 2020: $465,353Net Income 2020: $65,4662020Revenue 2021: $718,572Expenses 2021: $717,089Net Income 2021: $1,4832021Revenue 2022: $849,277Expenses 2022: $826,703Net Income 2022: $22,5742022Revenue 2023: $943,759Expenses 2023: $975,698Net Income 2023: -$31,9392023Revenue 2024: $1,050,571Expenses 2024: $1,032,886Net Income 2024: $17,6852024

Highlighted filing

2015

Revenue$343,813
Expenses$281,054
Net Income$62,759
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 15, 2016
Return Version
2015v2.0
Gross Receipts
$683,683
Mission and Program Overview

Mission

Create and sustain a thrift store staffed by volunteers that supports the mission of the little sisters of the poor in a welcoming environment that captures the spirit of the little sisters of the poor hospitality. The little sisters of the poor provide medical, emotional and spiritual support to the elderly poor.

To support the charitable mission of the Little Sisters of the Poor in Richmond, Virginia, a non-profit corporation within IRC Sec. 501(c)(3).

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$221,759$284,298▲ $62,539
Savings and Temporary Cash Investments$190,254$221,776▲ $31,522
Cash and Non-Interest-Bearing Accounts$44,289$49,763▲ $5,474
Inventories for Sale or Use$32,039$32,039→ $0
Land, Buildings, and Equipment, Net$7,229$26,203▲ $18,974
Prepaid Expenses and Deferred Charges$3,061$2,098▼ $963
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$276,872$331,879▲ $55,007
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$55,113$47,581▼ $7,532
Total Liabilities$55,113$47,581▼ $7,532
Net Assets / Fund Balance
Total Net Assets Fund Balance$221,759$284,298▲ $62,539
Total Liabilities and Net Assets / Fund Balance$276,872$331,879▲ $55,007

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,804$8,384$34,188
Other Land Buildings$399$64$463
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Beverly Binns-FT$45,834$45,834

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$343,081
Program Service Revenue
$0
Investment Income
$732
Other Revenue
$0
All Other Contributions
$343,081
Change in Net Assets
$62,759

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$339,870Selling Price
Total Noncash Contributions$339,870-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$106,335
Salaries, Compensation, and Employee Benefits$49,719
Total Fundraising Expense$9,518
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$125,000--$125,000
Occupancy-$81,699-$81,699
Current Officers, Directors, Trustees, and Key Employees-$43,542$2,292$45,834
Advertising--$7,032$7,032
Fees for Services Other-$4,357-$4,357
Depreciation Depletion-$4,278-$4,278
Payroll Taxes-$3,331$175$3,506
Insurance-$2,587-$2,587
Office Expenses-$2,339-$2,339
Information Technology-$1,900-$1,900
Other Expenses-$559-$559
Other Employee Benefits-$360$19$379
Total Functional Expenses$125,000$146,536$9,518$281,054
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
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, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Directors are required to disclose these matters in writing to the Secretary of the Board and disclosed to the ohter Directors as required by the Bylaws.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Copies provided upon request.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents and financial statements were not made available to the public during the year, other than those required by Section 6104.

Filing and Contact Details

Filer

Filer Name
Thrifty Sisters Inc
EIN
46-0695428
Phone
8046584153
Address
8911 PATTERSON AVE, RICHMOND, VA 23229

Signing Officer

Name
Shannon Garbett
Title
Chairman
Signed
2016-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Garbett
Formed
2012
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
11
Employees
1
Volunteers
50

Preparer

Firm
Financial Accounting Serv Ltd
Address
2250 East Parham Road, Richmond, VA 23228-2226
Preparer
Matthew O Puccinelli
Phone
8042647070
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IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Create and sustain a thrift store staffed by volunteers that supports the mission of the Little Sisters of the Poor in a welcoming environment that captures the spirit of the Little Sisters of the Poor hospitality. The Little Sisters provide medical,emotional and spiritual support to the elderly poor.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0284298
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NoncashContributionsAmt0339870
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt081699
IRS990/OccupancyGrp/TotalAmt081699
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02339
IRS990/OfficeExpensesGrp/TotalAmt02339
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt019
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0360
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0379
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1personal property tax
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01584
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1559
IRS990/OtherExpensesGrp/TotalAmt01584
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IRS990/OtherInd0X
IRS990/OtherRevenueTotalAmt00
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0175
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03331
IRS990/PayrollTaxesGrp/TotalAmt03506
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03061
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02098
IRS990/PrincipalOfficerNm0SHANNON GARBETT
IRS990/PriorPeriodAdjustmentsAmt0-220
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYRevenuesLessExpensesAmt077679
IRS990/PYSalariesCompEmpBnftPaidAmt044736
IRS990/PYTotalExpensesAmt0245864
IRS990/PYTotalRevenueAmt0323543
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0221759
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0284298
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0190254
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0221776
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0125000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LITTLE SISTERS OF THE POOR
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0125000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt025804
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08384
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034188
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0399
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt064
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0463
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026203
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0SELLING PRICE
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IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NoncashContributionsRptF990Amt0339870
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0UNDER CERTAIN CIRCUMSTANCES A THIRD PARTY VENDOR MAY BE UTILIZED TO CONDUCT A SALE OF DONATED ITEMS. FOR EXAMPLE, WHEN IT MAY BE MORE COSTLY TO TRANSPORT GOODS TO SHOP LOCATION. NO SUCH SALES OCCURRED IN 2015.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 32, Hire and Use of Third Parties
IRS990ScheduleM/ThirdPartiesUsedInd0true
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Directors are required to disclose these matters in writing to the Secretary of the Board and disclosed to the ohter Directors as required by the Bylaws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Copies provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents and financial statements were not made available to the public during the year, other than those required by Section 6104.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

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