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Park Avenue Thrift Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364607818 ✦ Enid, OK ✦ Designated as a 501(c)(3)

Overview

What is Park Avenue Thrift Inc?

Park Avenue Thrift Inc is a nonprofit organization located at 507 S GRAND AVE, ENID, OK, 73701. Its primary mission is to improve the quality of life in the Enid community by collecting donations, operating a high-quality thrift store, and distributing the proceeds to local 501(C)3 entities, churches, and community organizations. The thrift store sells a variety of items, including clothing, furniture, and household goods, all donated by the community and surrounding areas. The store operates at bargain prices, and 100% of the profits are donated back to the community, supporting various initiatives that enhance the community's overall well-being. With a team of 65 dedicated employees, Park Avenue Thrift Inc is committed to serving and strengthening the Enid community.


Official website here: www.parkavenuethrift.org

Is Park Avenue Thrift Inc legitimate?

Park Avenue Thrift Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park Avenue Thrift Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $71,739
Professional Fundraising Fees: $0
Other Salaries and Wages: $655,163

For more financial information, click here


Official website here: www.parkavenuethrift.org

What is the mission statement of Park Avenue Thrift Inc?

Park Avenue Thrift Inc's mission is centered around enhancing the community by collecting donations, operating a top-notch thrift store, and distributing the earnings to local nonprofit organizations. These organizations, in turn, invest in initiatives that significantly improve the quality of life within the community. The thrift store sells a variety of items, such as clothing, furniture, and household goods, at affordable prices to its customers. The entirety of the profits generated from the thrift store's operations is then donated back to the community, supporting various 501(c)3 entities, churches, and community organizations.


Official website here: www.parkavenuethrift.org

Who is the CEO of Park Avenue Thrift Inc?

Anita Luetkeymeyer is the Director of Park Avenue Thrift Inc.


Official website here: www.parkavenuethrift.org

What is the revenue of Park Avenue Thrift Inc?

Park Avenue Thrift Inc's revenue in 2022 was $1,902,857.


Official website here: www.parkavenuethrift.org

Who are the executives of Park Avenue Thrift Inc and what are their salaries?

The average compensation at Park Avenue Thrift Inc during 2022 was $11,183. There are 65 employees at Park Avenue Thrift Inc.

Here are 6 key members and their salaries:

    Sara Habibi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Merz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anita Luetkeymeyer (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Roeming (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daron Rudy (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elizabeth Cummins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.parkavenuethrift.org

    Where can I find the form 990 for Park Avenue Thrift Inc?

    The Park Avenue Thrift Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.parkavenuethrift.org

    Learn more at the official website: www.parkavenuethrift.org

    Mission Statement of Park Avenue Thrift Inc

    Park Avenue Thrift Inc, a community-focused organization, aims to strengthen the community and serve others by undertaking three key activities. Firstly, they collect donations from the local community and surrounding areas. These donations include clothing, furniture, and household goods. Secondly, they operate a top-notch thrift store, offering these items at bargain prices to shoppers. Lastly, and most significantly, the profits generated from the store's operations are donated back to the community. These funds are distributed through grants to various 501(c)3 entities, churches, and community organizations. These organizations, in turn, invest in quality-of-life initiatives, thereby enhancing the community as a whole. Park Avenue Thrift Inc's mission is centered around the idea of giving back to the community, ensuring that the proceeds from their thrift store contribute positively to the local area.

    Impact

    This information is meant to be a general summary of Park Avenue Thrift Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Park Avenue Thrift Inc's impact can be seen in the tangible ways it strengthens the Enid community and serves others. By collecting donations, running a top-notch thrift store, and giving the proceeds to Enid Park Avenue Thrift Inc's that invest in quality-of-life initiatives, this organization plays a vital role in enhancing the quality of life in the community. The thrift store provides essential items like clothing, furniture, and household goods to patrons at bargain prices, all of which are donated by the community and surrounding areas. What sets Park Avenue Thrift Inc apart is that 100% of the profits from the thrift store operations are donated back to the community through grants to 501(c)3 entities, churches, and other community organizations. This direct reinvestment ensures that the benefits of the thrift store operations reach those in need and contribute significantly to the betterment of Enid.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,032
  • Program Service Revenue: $1,898,825
  • Gross Receipts: $1,902,857

    • Assets and Liabilities:
  • Total Assets: $1,708,841
  • Total Liabilities: $96,441
  • Net Assets: $1,612,400
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MISC INCOME

    Revenue

    $3,295

    RECYCLE

    Revenue

    $26,890

    THRIFT SHOP SALES

    Revenue

    $1,868,640

    Organization Details

    Founding Year

    2007

    Principal Officer

    Anita Luetkeymeyer

    Main Address

    507 S GRAND AVE, ENID, OK, 73701

    NTEE Category

    Code: P29 - Human services

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