Civic Intelligence

Quaker Thrift Store Inc.

990 • Fiscal year 2020 • EIN 54-1811064

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 25, 2022

Organization Profilethriftyquaker.com
13567 Midlothian TpMidlothian, VA 23113

(804) 794-7158

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

64th percentile

15%

Higher net margin than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

87th percentile

$32,400

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 14.6% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

91st percentile

156%

Faster asset growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

71st percentile

7.4%

Faster revenue growth than 71% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$56,311

Up $34,286 (+156%) from 2019

Net Assets

Up

$56,311

Up $34,286 (+156%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin64th percentile

Revenue

Up

$222,456

Up $15,358 (+7.4%) from 2019

Expenses

Down

$188,170

Down $15,798 (-7.7%) from 2019

Net Income

Up

$34,286

Up $31,156 (+995%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$60K$40K$20K$0Assets 2011: $4,500Liabilities 2011: $0Net Assets 2011: $4,5002011Assets 2012: $13,008Liabilities 2012: $0Net Assets 2012: $13,0082012Assets 2013: $8,537Liabilities 2013: $0Net Assets 2013: $8,5372013Assets 2014: $11,623Liabilities 2014: $0Net Assets 2014: $11,6232014Assets 2015: $15,295Liabilities 2015: $0Net Assets 2015: $15,2952015Assets 2016: $9,600Liabilities 2016: $0Net Assets 2016: $9,6002016Assets 2017: $16,769Liabilities 2017: $0Net Assets 2017: $16,7692017Assets 2018: $16,915Liabilities 2018: $0Net Assets 2018: $16,9152018Assets 2019: $22,025Liabilities 2019: $0Net Assets 2019: $22,0252019Assets 2020: $56,311Liabilities 2020: $0Net Assets 2020: $56,3112020

Highlighted filing

2020

Assets$56,311
Liabilities$0
Net Assets$56,311
Open 2020 Filing

Operations Trend

Revenue Growth71st percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $159,875Expenses 2011: $160,175Net Income 2011: -$3002011Revenue 2012: $184,913Expenses 2012: $185,346Net Income 2012: -$4332012Revenue 2013: $161,397Expenses 2013: $171,430Net Income 2013: -$10,0332013Revenue 2014: $160,486Expenses 2014: $163,178Net Income 2014: -$2,6922014Revenue 2015: $180,749Expenses 2015: $180,375Net Income 2015: $3742015Revenue 2016: $161,008Expenses 2016: $166,703Net Income 2016: -$5,6952016Revenue 2017: $169,827Expenses 2017: $171,529Net Income 2017: -$1,7022017Revenue 2018: $190,068Expenses 2018: $189,922Net Income 2018: $1462018Revenue 2019: $207,098Expenses 2019: $203,968Net Income 2019: $3,1302019Revenue 2020: $222,456Expenses 2020: $188,170Net Income 2020: $34,2862020

Highlighted filing

2020

Revenue$222,456
Expenses$188,170
Net Income$34,286
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 25, 2022
Return Version
2020v4.0
Gross Receipts
$222,456
Mission and Program Overview

Mission

(1) Provide Funds to 501(c)(3) charities by selling thrift items. (2) Provide one-time financial assistance to persons in need who are referred by Social Services Agencies and other trusted sources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$22,025$56,311▲ $34,286
Rtn Earn Endowment Incm Other Fnds$22,025$56,311▲ $34,286
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$22,025$56,311▲ $34,286
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,025$56,311▲ $34,286
Total Liabilities and Net Assets / Fund Balance$22,025$56,311▲ $34,286
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth SchanzManagerPT$32,400$32,400

Board Members and Trustees

NameTitle
Monica RogersPresident
Brian McCutcheonVice President
Ed PopeDirector
Patricia BarnsSecretary
Howard BrodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$33,429
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$189,027
All Other Contributions
$33,429
Change in Net Assets
$34,286
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$100,486
Other Expenses$51,716
Grants and Similar Amounts Paid$35,968
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$64,698-$64,698
Grants to Domestic Orgs$35,152--$35,152
Current Officers, Directors, Trustees, and Key Employees-$28,647-$28,647
Occupancy-$28,527-$28,527
Payroll Taxes-$7,141-$7,141
Other Expenses$0$7,037-$7,037
Office Expenses-$1,699-$1,699
Insurance-$1,324-$1,324
Information Technology-$904-$904
Grants to Domestic Individuals$816--$816
Total Functional Expenses$35,968$152,202$0$188,170
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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, Part VI, Section B, Line 11B

“The five members of the board of directors review this completed form, as well as an independent review by two Trustees of Midlothian Friends Meeting (Quakers) who are on that church's Financial Committee.”

Form 990, Part VI, Section B, Line 12C

“Annually, Officers and key employee(s) verify in writing their compliance with the corporation's Conflict of Interest policy.”

Form 990, Part VI, Section B, Line 15

“The unpaid board of directors review compensation actions of the manager, ensuring that wage comparisons are executed before providing wage increases and state minimum wage requirements are followed.”

Form 990, Part VI, Section C, Line 19

“Governing documents are in writing and are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Quaker Thrift Store Inc
EIN
54-1811064
Phone
8047947158
Address
13567 Midlothian Tp, Midlothian, VA 23113
Doing Business As
The Thrifty Quaker

Signing Officer

Name
Howard Brod
Title
Treasurer
Phone
8049125247
Signed
2022-06-25

Organization Details

Principal Officer
Howard Brod
Formed
1996
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
10
Volunteers
12
Raw XML Appendix372 raw XML fields

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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IRS990/Desc0Provide funds to 501(c)(3) charities by selling thrift items: Assisting Families of Inmates $3396.60; Autism Society of Central VA $2766.52; SPICES for Life, Inc. $3939.17; Chesterfield Food Bank $4026.49; Housing Familes First $3521.27; Sacred Heart Center $4880.49; Communities in Schools $4999.72; Communities in Schools $4999.72; Virginia Supportive Housing: $3770.45
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The five members of the board of directors review this completed form, as well as an independent review by two Trustees of Midlothian Friends Meeting (Quakers) who are on that church's Financial Committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annually, Officers and key employee(s) verify in writing their compliance with the corporation's Conflict of Interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The unpaid board of directors review compensation actions of the manager, ensuring that wage comparisons are executed before providing wage increases and state minimum wage requirements are followed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents are in writing and are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt022025
IRS990/TotalAssetsEOYAmt056311
IRS990/TotalAssetsGrp/BOYAmt022025
IRS990/TotalAssetsGrp/EOYAmt056311
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt033429
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0152202
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt035968
IRS990/TotalFunctionalExpensesGrp/TotalAmt0188170
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt022025
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt056311
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt035968
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt032400
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0189027
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0222456
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt022025
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt056311
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02203 Rosson Rd
IRS990/USAddress/CityNm0Powhatan
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023139
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0thriftyquaker.com
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0During the filing year of 2021 for this 2020 990, an exemption was requested by us from having to file a 990 form because we are part of a church. The ruling for the exemption took 8 months to be processed within the IRS by the "Exempt Organizations Rulings and Agreements" department, Director: Stephen A. Martin). During this time, I was advised to contact the IRS Customer Service to receive advice on what to do about the 2020 990 I had been holding onto as long as I could in the meantime. The IRS agent told me on the phone on 10/22/2021 that I should just send in to the IRS the paper copy of the 2020 990 form because there would be no penalty exacted for any paper 990's mailed before the end of 2021. I even included a note on that 2020 990 that relayed what the agent had told me. Our 2020 990 was mailed on 10/27/2921 - long before our 2020 990 was due (there was an extension granted on it placed earlier that year while we waited for the filing exemption). I was in shock when the IRS sent me a notice that I received on 6/22/2022 saying my paper copy would not be accepted, especially since I received in 2021 an IRS letter from the IRS Director Stephen A. Martin, saying we are part of a church and are no longer required to file a 990 form. Please send me a letter letting me know that this situation has been corrected. Meanwhile, I have tried to cooperate by filing this electronic copy even though I feel that I have been misled by the IRS. Thank you for your help! Howard Brod.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Howard Brod
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08049125247
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0QUAKER THRIFT STORE INC
ReturnHeader/Filer/BusinessNameControlTxt0QUAK
ReturnHeader/Filer/EIN0541811064
ReturnHeader/Filer/PhoneNum08047947158
ReturnHeader/Filer/USAddress/AddressLine1Txt013567 Midlothian Tp
ReturnHeader/Filer/USAddress/CityNm0Midlothian
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023113
ReturnHeader/ReturnTs02022-06-25T20:48:19-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,311
Liabilities
$0
Net assets
$56,311
Revenue
$222,456
Expenses
$188,170
Net income
$34,286
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$2.22$1.88$0.34
2019Summary only. Only limited summary data is available for this year.$0.22$0.00$0.22$2.07$2.04$0.03
2018Summary only. Only limited summary data is available for this year.$0.17$0.00$0.17$1.90$1.90$0.00
2017Summary only. Only limited summary data is available for this year.$0.17$0.00$0.17$1.70$1.72$0.02
2016Summary only. Only limited summary data is available for this year.$0.10$0.00$0.10$1.61$1.67$0.06
2015Summary only. Only limited summary data is available for this year.$0.15$0.00$0.15$1.81$1.80$0.00
2014Summary only. Only limited summary data is available for this year.$0.12$0.00$0.12$1.60$1.63$0.03
2013Summary only. Only limited summary data is available for this year.$0.09$0.00$0.09$1.61$1.71$0.10
2012Summary only. Only limited summary data is available for this year.$0.13$0.00$0.13$1.85$1.85$0.00
2011Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$1.60$1.60$0.00