Civic Intelligence

757 Creative Reuse Center

990EZ • Fiscal year 2024 • EIN 83-2521545

Jan 01, 2024 to Jun 30, 2024 • Filed on Nov 20, 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

0.06x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

67th percentile

14%

Higher net margin than 67% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

85th percentile

$17,765

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 20.5% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

86th percentile

56%

Faster asset growth than 86% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-37%

Faster revenue growth than 16% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Flat

$36,592

Flat from 2024

Net Assets

$34,369

No earlier filing loaded for comparison.

Liabilities

Flat

$2,223

Flat from 2024

Revenue

Flat

$86,766

Flat from 2024

Expenses

Flat

$74,506

Flat from 2024

Net Income

Flat

$12,260

Flat from 2024

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: $1,2822023Assets 2024: $36,592Liabilities 2024: $2,223Net Assets 2024: $34,3692024Assets 2024: $36,592Liabilities 2024: $2,2232024Assets 2025: $29,447Liabilities 2025: $5,271Net Assets 2025: $24,1762025

Highlighted filing

2024

Assets$36,592
Liabilities$2,223
Net Assets$34,369

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 2024: $86,766Expenses 2024: $74,506Net Income 2024: $12,2602024Revenue 2024: $86,766Expenses 2024: $74,506Net Income 2024: $12,2602024Revenue 2025: $197,241Expenses 2025: $207,434Net Income 2025: -$10,1932025

Highlighted filing

2024

Revenue$86,766
Expenses$74,506
Net Income$12,260
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Jun 30, 2024
Signed
Nov 20, 2024
Return Version
2023v5.0
Gross Receipts
$86,766
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.-$74,506
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ELIZABETH DRYERStore ManagePT$17,765-$17,765
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
2024-11-20
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 681 liability insurance 269 workman's comp 397 bank & credit card fees 3,136 miscellaneous 579 payroll taxes 3,574 supplies 1,728 taxes and licenses 50 telecom 615 total 11,029

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 632 457 sales tax payable 650 1,766

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 681 LIABILITY INSURANCE 269 WORKMAN'S COMP 397 BANK & CREDIT CARD FEES 3,136 MISCELLANEOUS 579 PAYROLL TAXES 3,574 SUPPLIES 1,728 TAXES AND LICENSES 50 TELECOM 615 TOTAL 11,029
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SECURITY DEPOSIT 1,788 1,788 TOTAL 1,788 1,788
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GIFT CARDS LIABILITY 632 457 SALES TAX PAYABLE 650 1,766
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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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