Civic Intelligence

Act Two Second Hand Store Inc.

990 • Fiscal year 2023 • EIN 84-3828340

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

Organization ProfileWWW.ACTTWOSECONDHANDSTORE.ORG
PO Box 721Oak Bluffs, MA 02557

(508) 338-2124

Siviq Scores

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

Liabilities / Assets

89th percentile

0.40x

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

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

Liabilities / Revenue

87th percentile

0.20x

Higher debt load relative to revenue than 87% of similar nonprofits.

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

Net Margin

20th percentile

-19%

Higher net margin than 20% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$55,680

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 25.4% of source-year revenue.

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

Asset Growth

12th percentile

-44%

Faster asset growth than 12% of similar nonprofits.

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

Revenue Growth

14th percentile

-42%

Faster revenue growth than 14% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$107,533

Down $84,760 (-44%) from 2022

Net Assets

Down

$64,461

Down $40,769 (-39%) from 2022

Liabilities

Down

$43,072

Down $43,991 (-51%) from 2022

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin20th percentile

Revenue

Down

$219,516

Down $159,536 (-42%) from 2022

Expenses

Down

$260,285

Down $13,537 (-4.9%) from 2022

Net Income

Down

-$40,769

Down $145,999 (-139%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$200K$150K$100K$50K$0Assets 2022: $192,293Liabilities 2022: $87,063Net Assets 2022: $105,2302022Assets 2023: $107,533Liabilities 2023: $43,072Net Assets 2023: $64,4612023Assets 2024: $48,210Liabilities 2024: $0Net Assets 2024: $48,2102024

Highlighted filing

2023

Assets$107,533
Liabilities$43,072
Net Assets$64,461
Open 2023 Filing

Operations Trend

Revenue Growth14th percentile

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

$400K$200K$0-$200KRevenue 2022: $379,052Expenses 2022: $273,822Net Income 2022: $105,2302022Revenue 2023: $219,516Expenses 2023: $260,285Net Income 2023: -$40,7692023Revenue 2024: $221,000Expenses 2024: $226,792Net Income 2024: -$5,7922024

Highlighted filing

2023

Revenue$219,516
Expenses$260,285
Net Income-$40,769
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$456,982
Mission and Program Overview

Mission

Act two second hand store inc is a not-for-profit retail operation whose principal purpose is to raise funds for community theater, arts, and education on marthas vineyard. While supporting and funding other not- for-profit organizations, act two also strives to be both a principal year round island business and social anchor in the downtown business district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$79,046$42,912▼ $36,134
Inventories for Sale or Use$36,469$17,905▼ $18,564
Prepaid Expenses and Deferred Charges-$3,000-
Total Assets$192,293$107,533▼ $84,760
Other Assets Total$76,778$43,716▼ $33,062
Liabilities
Other Liabilities$73,778$40,716▼ $33,062
Accounts Payable and Accrued Expenses$13,285$2,356▼ $10,929
Total Liabilities$87,063$43,072▼ $43,991
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$105,230$64,461▼ $40,769
Total Net Assets Fund Balance$105,230$64,461▼ $40,769
Total Liabilities and Net Assets / Fund Balance$192,293$107,533▼ $84,760

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,000--
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kevin David RyanPresident/diFT$55,680$55,680
Alissa KeenanVice PresideFT$37,650$37,650
Joanne P RyanTreasurer/clPT$12,814$12,814

Board Members and Trustees

NameTitle
Lori Sue HermanDirector
Matthew BagnallDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$219,491
Program Service Revenue
$0
Investment Income
$25
Other Revenue
$0
All Other Contributions
$219,491
Change in Net Assets
$-40,769

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 AmountValuation Method
Clothing and Household Goods$218,902Subsequent Sales Prices
Total Noncash Contributions$218,902-

Audited Revenue Reconciliation

Revenue per Audited Statements
$219,516
Total Revenue per Audited Statements
$219,516
Total Revenue per Form 990
$219,516
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$176,370
Other Expenses$70,175
Grants and Similar Amounts Paid$13,740
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$160,636--$160,636
Payroll Taxes$15,734--$15,734
Grants to Domestic Orgs$13,740--$13,740
Office Expenses-$11,265-$11,265
Occupancy$9,418--$9,418
Insurance-$5,434-$5,434
Fees for Services Other-$5,015-$5,015
Other Expenses$36,000$2,943-$2,943
Travel$100--$100
Total Functional Expenses$235,628$24,657$0$260,285

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$260,285
Total Expenses per Audited Statements$260,285
Total Expenses per Form 990$260,285
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$40,716
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
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 2

“Kevin david ryan joanne p ryan president treasurer spouses”

Form 990, Page 6, Part VI, Line 11B

“A copy of form 990 is provided to the organization's governing body for review prior to filing.”

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

“The board of directors reviews the budget, performance reviews, and comparable compensation data to determine appropriate compensation for key employees.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Act Two Second Hand Store Inc
EIN
84-3828340
Phone
5083382124
Address
PO BOX 721, OAK BLUFFS, MA 02557

Signing Officer

Name
Kevin David Ryan
Title
President/director
Phone
5083382124
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin David Ryan
Formed
2019
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
8

Preparer

Firm
Sanders Walsh & Eaton Cpas LLC
Address
PO BOX F, OSTERVILLE, MA 02655
Preparer
Joseph F Mcgee CPA
Phone
5084280790
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Act two second hand store inc is a not-for-profit retail operation whose principal purpose is to raise funds for community theater, arts, and education on marthas vineyard. While supporting and funding other not- for-profit organizations, act two also strives to be both a principal year round island business and social anchor in the downtown business district.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACT TWO SECOND HAND STORE INC IS A NOT-FOR-PROFIT RETAIL OPERATION WHOSE PRINCIPAL PURPOSE IS TO RAISE FUNDS FOR COMMUNITY THEATER, ARTS, AND EDUCATION ON MARTHAS VINEYARD. WHILE SUPPORTING AND FUNDING OTHER NOT- FOR-PROFIT ORGANIZATIONS, ACT TWO ALSO STRIVES TO BE BOTH A PRINCIPAL YEAR ROUND ISLAND BUSINESS AND SOCIAL ANCHOR IN THE DOWNTOWN BUSINESS DISTRICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KEVIN DAVID RYAN JOANNE P RYAN PRESIDENT TREASURER SPOUSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS THE BUDGET, PERFORMANCE REVIEWS, AND COMPARABLE COMPENSATION DATA TO DETERMINE APPROPRIATE COMPENSATION FOR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt046 PINEWOOD LANE
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IRS990/USAddress/ZIPCd002557
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IRS990/WebsiteAddressTxt0HTTPS://WWW.ACTTWOSECONDHANDSTORE.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN DAVID RYAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05083382124
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACT TWO SECOND HAND STORE INC
ReturnHeader/Filer/BusinessNameControlTxt0ACTT
ReturnHeader/Filer/EIN0843828340
ReturnHeader/Filer/PhoneNum05083382124
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 721
ReturnHeader/Filer/USAddress/CityNm0OAK BLUFFS
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0841894608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SANDERS WALSH & EATON CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX F
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OSTERVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002655
ReturnHeader/PreparerPersonGrp/PhoneNum05084280790
ReturnHeader/PreparerPersonGrp/PreparationDt02024-07-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH F MCGEE CPA
ReturnHeader/ReturnTs02024-07-08T15:55:53-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KEVIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RYAN
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$107,533
Liabilities
$43,072
Net assets
$64,461
Revenue
$219,516
Expenses
$260,285
Net income
-$40,769
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$2.21$2.27$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.08$0.43$0.64$2.20$2.60$0.41
2022Detailed filing. Detailed filing data is available for this year.$1.92$0.87$1.05$3.79$2.74$1.05