Civic Intelligence

Born Again Bargains Inc.

990 • Fiscal year 2020 • EIN 81-0852392

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 01, 2021

324 W Main StPhiladelphia, MS 39350

(601) 656-0019

Siviq Scores

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

Liabilities / Assets

89th percentile

0.54x

Higher debt load relative to assets than 89% of similar nonprofits.

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

Liabilities / Revenue

76th percentile

0.09x

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

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

Net Margin

51st percentile

5.7%

Higher net margin than 51% of similar nonprofits.

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

Top Officer Pay

84th percentile

$22,525

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 22.7% of source-year revenue.

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

Asset Growth

82nd percentile

62%

Faster asset growth than 82% of similar nonprofits.

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

Revenue Growth

78th percentile

19%

Faster revenue growth than 78% of similar nonprofits.

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

Assets

Up

$17,166

Up $6,571 (+62%) from 2019

Net Assets

Up

$7,876

Up $5,649 (+254%) from 2019

Liabilities

Up

$9,290

Up $922 (+11%) from 2019

Revenue

Up

$99,047

Up $15,852 (+19%) from 2019

Expenses

Up

$93,397

Up $9,317 (+11%) from 2019

Net Income

Up

$5,650

Up $6,535 (+738%) from 2019

Historical Trend

Balance Sheet Trend

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

$40K$30K$20K$10K$0Assets 2016: $11,092Liabilities 2016: $4,176Net Assets 2016: $6,9162016Assets 2017: $10,307Liabilities 2017: $4,947Net Assets 2017: $5,3602017Assets 2018: $10,306Liabilities 2018: $7,194Net Assets 2018: $3,1122018Assets 2019: $10,595Liabilities 2019: $8,368Net Assets 2019: $2,2272019Assets 2020: $17,166Liabilities 2020: $9,290Net Assets 2020: $7,8762020Assets 2021: $29,045Liabilities 2021: $9,951Net Assets 2021: $19,0942021Assets 2022: $30,481Liabilities 2022: $7,041Net Assets 2022: $23,4402022Assets 2023: $26,805Liabilities 2023: $5,981Net Assets 2023: $20,8242023Assets 2024: $27,869Liabilities 2024: $6,848Net Assets 2024: $21,0212024

Highlighted filing

2020

Assets$17,166
Liabilities$9,290
Net Assets$7,876

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2016: $105,339Expenses 2016: $98,423Net Income 2016: $6,9162016Revenue 2017: $105,489Expenses 2017: $107,045Net Income 2017: -$1,5562017Revenue 2018: $94,317Expenses 2018: $96,565Net Income 2018: -$2,2482018Revenue 2019: $83,195Expenses 2019: $84,080Net Income 2019: -$8852019Revenue 2020: $99,047Expenses 2020: $93,397Net Income 2020: $5,6502020Revenue 2021: $116,497Expenses 2021: $105,279Net Income 2021: $11,2182021Revenue 2022: $84,898Expenses 2022: $80,552Net Income 2022: $4,3462022Revenue 2023: $73,658Expenses 2023: $76,274Net Income 2023: -$2,6162023Revenue 2024: $73,275Expenses 2024: $73,078Net Income 2024: $1972024

Highlighted filing

2020

Revenue$99,047
Expenses$93,397
Net Income$5,650
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 1, 2021
Return Version
2020v4.0
Gross Receipts
$184,281
Mission and Program Overview

Mission

The resale store was given birth after the outcry of the community was heard wanting this type of store back. So it was given the name born again bargains of philadelphia inc. The name not only reflects the rebirth of a store but reflects our stand with the lord jesus christ. We believe that jesus is god in human form and that he died on the cross to pay the penalty for our sins. God incarnate is the only payment and on the third day jesus was resurrected as a guarantee that we will have eternal life after death. As we answer the calls we are witnessing our belief. The name also symbolizes the items that are unwanted or no longer needed that become born again by others who value it. And lastly, that there will be born again hope in those who are in need in times of darkness. We are locally and privately owned, a nonprofit ministry that is dedicated to the purpose and goal of serving this community to the best of our ability along with your help. Our focus is to provide something for ev

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$8,290$9,765▲ $1,475
Cash and Non-Interest-Bearing Accounts$1,699$6,922▲ $5,223
Land, Buildings, and Equipment, Net$139$12▼ $127
Total Assets$10,595$17,166▲ $6,571
Other Assets Total$467$467→ $0
Liabilities
Accounts Payable and Accrued Expenses$4,539$5,161▲ $622
Unsecured Notes Loans Payable$3,829$4,129▲ $300
Total Liabilities$8,368$9,290▲ $922
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,227$7,876▲ $5,649
Total Net Assets Fund Balance$2,227$7,876▲ $5,649
Total Liabilities and Net Assets / Fund Balance$10,595$17,166▲ $6,571

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,961-$1,961
Leasehold Improvements$-1,949$1,949-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kathryn a McnairPresidentFT$22,525$22,525

Board Members and Trustees

NameTitle
Mike SkinnerDirector
Judy M CoxVP/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$97,944
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,103
All Other Contributions
$85,323
Change in Net Assets
$5,650

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported Amount
Clothing and Household Goods$85,323
Total Noncash Contributions$85,323
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$57,335
Other Expenses$36,062
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$30,542--$30,542
Current Officers, Directors, Trustees, and Key Employees$11,262$11,263-$22,525
Occupancy$14,599$4,868-$19,467
Fees for Services Other$6,657$6,154-$12,811
Payroll Taxes$2,475$1,793-$4,268
Fees for Services Accounting$2,138$535-$2,673
Office Expenses$525$86-$611
Advertising$375$125-$500
Total Functional Expenses$68,573$24,824$0$93,397
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
No
Annual disclosure for covered persons
No
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
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, Page 6, Part VI, Line 11B

Form 990m part vi, line 11b-- organizations process to review form 990 the form 990 will be reviewed at the board meeting for accuracty before it is filed.

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

Druing board meetings anything that comes up that could potentially cause a conflict of interest is discussed and voted against to maintain the no conflicts of interests policy adopted

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

The performance of top executives is evaluated annually by the board of directors

Form 990, Page 6, Part VI, Line 19

Form 990, part vi, line 19 governing documents disclosre explanation governing documents, policies and financial statements are available upon request and kept at the resell store office.

Filing and Contact Details

Filer

Filer Name
Born Again Bargains Inc
EIN
81-0852392
Phone
6016560019
Address
324 W MAIN ST, PHILADELPHIA, MS 39350

Signing Officer

Name
Kathryn a Mcnair
Title
President
Phone
6016560019
Signed
2021-07-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn a Mcnair
Formed
2015
Legal Domicile
Ms
Voting Board Members
4
Independent Board Members
4
Employees
4

Preparer

Firm
Watkins Ward and Stafford Pllc
Address
PO BOX 583, PHILADELPHIA, MS 39350
Preparer
Marsha L Mcdonald CPA
Phone
6016564252
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The resale store was given birth after the outcry of the community was heard wanting this type of store back. So it was given the name born again bargains of philadelphia inc. The name not only reflects the rebirth of a store but reflects our stand with the lord jesus christ. We believe that jesus is god in human form and that he died on the cross to pay the penalty for our sins. God incarnate is the only payment and on the third day jesus was resurrected as a guarantee that we will have eternal life after death. As we answer the calls we are witnessing our belief. The name also symbolizes the items that are unwanted or no longer needed that become born again by others who value it. And lastly, that there will be born again hope in those who are in need in times of darkness. We are locally and privately owned, a nonprofit ministry that is dedicated to the purpose and goal of serving this community to the best of our ability along with your help. Our focus is to provide something for everyone at an affordable price that allows us to help others in need whether it is with merchandise, groceries or other emergency assistance. This is your store. We are just overseers of the community's generosity. Because of god and your belief in this store, it has helped many people each year. Your donations do not leave this community, your donations stay here. We believe that charity begins at home. We believe that community is built by us all. We take no credit for this store; the glory goes to god and the generous donations of his people. So we give thanks to him and to you for this ministry and for being part of it.

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

OTHER

Form 990, Part IX, Line 11G

Resale store bank fees 101 68 0 contributions 4,834 4,834 0 depreciation 63 64 0 contract labor 1,416 944 0 meals 243 244 0 total 6,657 6,154 0

Form 990, Part XI, Line 9

Book / tax depreciation difference -127

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RESALE STORE WAS GIVEN BIRTH AFTER THE OUTCRY OF THE COMMUNITY WAS HEARD WANTING THIS TYPE OF STORE BACK. SO IT WAS GIVEN THE NAME BORN AGAIN BARGAINS OF PHILADELPHIA INC. THE NAME NOT ONLY REFLECTS THE REBIRTH OF A STORE BUT REFLECTS OUR STAND WITH THE LORD JESUS CHRIST. WE BELIEVE THAT JESUS IS GOD IN HUMAN FORM AND THAT HE DIED ON THE CROSS TO PAY THE PENALTY FOR OUR SINS. GOD INCARNATE IS THE ONLY PAYMENT AND ON THE THIRD DAY JESUS WAS RESURRECTED AS A GUARANTEE THAT WE WILL HAVE ETERNAL LIFE AFTER DEATH. AS WE ANSWER THE CALLS WE ARE WITNESSING OUR BELIEF. THE NAME ALSO SYMBOLIZES THE ITEMS THAT ARE UNWANTED OR NO LONGER NEEDED THAT BECOME BORN AGAIN BY OTHERS WHO VALUE IT. AND LASTLY, THAT THERE WILL BE BORN AGAIN HOPE IN THOSE WHO ARE IN NEED IN TIMES OF DARKNESS. WE ARE LOCALLY AND PRIVATELY OWNED, A NONPROFIT MINISTRY THAT IS DEDICATED TO THE PURPOSE AND GOAL OF SERVING THIS COMMUNITY TO THE BEST OF OUR ABILITY ALONG WITH YOUR HELP. OUR FOCUS IS TO PROVIDE SOMETHING FOR EVERYONE AT AN AFFORDABLE PRICE THAT ALLOWS US TO HELP OTHERS IN NEED WHETHER IT IS WITH MERCHANDISE, GROCERIES OR OTHER EMERGENCY ASSISTANCE. THIS IS YOUR STORE. WE ARE JUST OVERSEERS OF THE COMMUNITY'S GENEROSITY. BECAUSE OF GOD AND YOUR BELIEF IN THIS STORE, IT HAS HELPED MANY PEOPLE EACH YEAR. YOUR DONATIONS DO NOT LEAVE THIS COMMUNITY, YOUR DONATIONS STAY HERE. WE BELIEVE THAT CHARITY BEGINS AT HOME. WE BELIEVE THAT COMMUNITY IS BUILT BY US ALL. WE TAKE NO CREDIT FOR THIS STORE; THE GLORY GOES TO GOD AND THE GENEROUS DONATIONS OF HIS PEOPLE. SO WE GIVE THANKS TO HIM AND TO YOU FOR THIS MINISTRY AND FOR BEING PART OF IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990M PART VI, LINE 11B-- ORGANIZATIONS PROCESS TO REVIEW FORM 990 THE FORM 990 WILL BE REVIEWED AT THE BOARD MEETING FOR ACCURACTY BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DRUING BOARD MEETINGS ANYTHING THAT COMES UP THAT COULD POTENTIALLY CAUSE A CONFLICT OF INTEREST IS DISCUSSED AND VOTED AGAINST TO MAINTAIN THE NO CONFLICTS OF INTERESTS POLICY ADOPTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PERFORMANCE OF TOP EXECUTIVES IS EVALUATED ANNUALLY BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990, PART VI, LINE 19 GOVERNING DOCUMENTS DISCLOSRE EXPLANATION GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND KEPT AT THE RESELL STORE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RESALE STORE BANK FEES 101 68 0 CONTRIBUTIONS 4,834 4,834 0 DEPRECIATION 63 64 0 CONTRACT LABOR 1,416 944 0 MEALS 243 244 0 TOTAL 6,657 6,154 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOOK / TAX DEPRECIATION DIFFERENCE -127
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt068573
IRS990/TotalFunctionalExpensesGrp/TotalAmt093397
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IRS990/TotalProgramServiceExpensesAmt068573
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt099047
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010530 RD 355
IRS990/USAddress/CityNm0PHILADELPHIA
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039350
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IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHRYN A MCNAIR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06016560019
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BORN AGAIN BARGAINS INC
ReturnHeader/Filer/BusinessNameControlTxt0BORN
ReturnHeader/Filer/EIN0810852392
ReturnHeader/Filer/PhoneNum06016560019
ReturnHeader/Filer/USAddress/AddressLine1Txt0324 W MAIN ST
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039350
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640394922
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WATKINS WARD AND STAFFORD PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 583
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039350
ReturnHeader/PreparerPersonGrp/PhoneNum06016564252
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARSHA L MCDONALD CPA
ReturnHeader/ReturnTs02021-07-01T17:17:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KATHRYN A
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCNAIR
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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