Civic Intelligence

757 Creative Reuse Center

990EZ • Fiscal year 2023 • EIN 83-2521545

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 27, 2024

300 Monticello Avenue Unit 206Norfolk, VA 23510

(757) 937-3821

Siviq Scores

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

Liabilities / Assets

76th percentile

0.05x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.01x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

30th percentile

-7.8%

Higher net margin than 30% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

89th percentile

$36,670

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 26.8% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

15th percentile

-36%

Faster asset growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

40th percentile

-3.4%

Faster revenue growth than 40% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Flat

$23,391

Flat from 2023

Net Assets

$22,109

No earlier filing loaded for comparison.

Liabilities

Flat

$1,282

Flat from 2023

Revenue

Flat

$136,941

Flat from 2023

Expenses

Flat

$147,645

Flat from 2023

Net Income

Flat

-$10,704

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$40K$30K$20K$10K$0Assets 2020: $22,145Liabilities 2020: $17,892Net Assets 2020: $4,2532020Assets 2021: $35,332Liabilities 2021: $26,101Net Assets 2021: $9,2312021Assets 2022: $36,713Liabilities 2022: $3,900Net Assets 2022: $32,8132022Assets 2023: $23,391Liabilities 2023: $1,282Net Assets 2023: $22,1092023Assets 2023: $23,391Liabilities 2023: $1,2822023Assets 2024: $36,592Liabilities 2024: $2,2232024Assets 2025: $29,447Liabilities 2025: $5,271Net Assets 2025: $24,1762025

Highlighted filing

2023

Assets$23,391
Liabilities$1,282
Net Assets$22,109

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2020: $66,992Expenses 2020: $58,556Net Income 2020: $8,4362020Revenue 2021: $99,301Expenses 2021: $95,378Net Income 2021: $3,9232021Revenue 2022: $141,806Expenses 2022: $118,224Net Income 2022: $23,5822022Revenue 2023: $136,941Expenses 2023: $147,645Net Income 2023: -$10,7042023Revenue 2023: $136,941Expenses 2023: $147,645Net Income 2023: -$10,7042023Revenue 2024: $86,766Expenses 2024: $74,506Net Income 2024: $12,2602024Revenue 2025: $197,241Expenses 2025: $207,434Net Income 2025: -$10,1932025

Highlighted filing

2023

Revenue$136,941
Expenses$147,645
Net Income-$10,704
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 27, 2024
Return Version
2023v5.0
Gross Receipts
$136,941
Mission and Program Overview

Mission

The 757 Creative ReUse Center has helped increase creativity and reduce waste in our community by serving thousands of people this year as a resource for affordable arts and crafts supplies which have been donated by others. As well as a source for educational programming for arts and environment related topics

The 757 creative reuse center is dedicated to providing accessible and affordable second-hand arts and crafts supplies, while reducing waste and promoting reuse.

Program Services

DescriptionGrantsExpenses
BY ACCEPTING DONATIONS OF GENTLY USED EXCESS OR OTHERWISE RESUABLE SUPPLIES, THE 757 CREATIVE REUSE CENTER PROMOTES SUSTAINABILITY AND WASTE REDUCTION BY KEEPING THOUSTANDS OF POUNDS OF USABLE MATERIALS OUT OF THE LANDFILL. THE CENTER PROVIDES THE COMMUNITY WITH A RESOUCE FOR AFFORDABLE ARTS AND CRAFTS SUPPLIES AND OFFERS CLASSES AND WORKSHOPS TO ALLOW PATRONS TO LEARN NEW SKILLS AND CONNECT WITH OTHERS.-$147,645
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ELIZABETH ROMOStore ManagePT$36,670-$36,670
JENNIFER HANDPresidentPT$0--
DARLENE WARDTreasurerPT$0--
KIM MCKINNISBoard MemberPT$0--
AMMIE PASCUABoard MemberPT$0--
POETRY JACKSONBoard MemberPT$0--
JAMIE HARLOWSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
757 Creative Reuse Center
EIN
83-2521545
Phone
7579373821
Address
300 MONTICELLO AVENUE UNIT 206, NORFOLK, VA 23510

Signing Officer

Name
Darlene Ward
Title
Treasurer
Phone
7573722356
Signed
2024-08-27
Discuss with paid preparer
Yes

Preparer

Firm
Desroches & Company Cpas Pc
Address
2901 S LYNNHAVEN RD STE 400, VIRGINIA BEACH, VA 23452
Preparer
Katie B Mocnik CPA
Phone
7574983000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 1,230 travel 139 liability insurance 495 workman's comp 2,975 bank & credit card fees 3,893 miscellaneous 1,121 payroll taxes 6,515 supplies 6,253 taxes and licenses 620 telecom 1,563 total 24,804

Form 990-ez, Part II, Line 24

Security deposit 1,788 1,788 total 1,788 1,788

Form 990-ez, Part II, Line 26

Gift cards liability 3,516 632 sales tax payable 384 650

Form 990-ez, Part III

The 757 creative reuse center is dedicated to providing accessible and affordable second-hand arts and crafts supplies, while reducing waste and promoting reuse.

Form 990-ez, Part III, Line 28

By accepting donations of gently used excess or otherwise resuable supplies, the 757 creative reuse center promotes sustainability and waste reduction by keeping thoustands of pounds of usable materials out of the landfill. The center provides the community with a resouce for affordable arts and crafts supplies and offers classes and workshops to allow patrons to learn new skills and connect with others.

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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/ExplanationTxt0EXPENSES ADVERTISING 1,230 TRAVEL 139 LIABILITY INSURANCE 495 WORKMAN'S COMP 2,975 BANK & CREDIT CARD FEES 3,893 MISCELLANEOUS 1,121 PAYROLL TAXES 6,515 SUPPLIES 6,253 TAXES AND LICENSES 620 TELECOM 1,563 TOTAL 24,804
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SECURITY DEPOSIT 1,788 1,788 TOTAL 1,788 1,788
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GIFT CARDS LIABILITY 3,516 632 SALES TAX PAYABLE 384 650
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 757 CREATIVE REUSE CENTER IS DEDICATED TO PROVIDING ACCESSIBLE AND AFFORDABLE SECOND-HAND ARTS AND CRAFTS SUPPLIES, WHILE REDUCING WASTE AND PROMOTING REUSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BY ACCEPTING DONATIONS OF GENTLY USED EXCESS OR OTHERWISE RESUABLE SUPPLIES, THE 757 CREATIVE REUSE CENTER PROMOTES SUSTAINABILITY AND WASTE REDUCTION BY KEEPING THOUSTANDS OF POUNDS OF USABLE MATERIALS OUT OF THE LANDFILL. THE CENTER PROVIDES THE COMMUNITY WITH A RESOUCE FOR AFFORDABLE ARTS AND CRAFTS SUPPLIES AND OFFERS CLASSES AND WORKSHOPS TO ALLOW PATRONS TO LEARN NEW SKILLS AND CONNECT WITH OTHERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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ReturnHeader/TaxPeriodBeginDt02023-01-01
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