Depot Outlet Inc

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

EIN: 421005989 ✦ Decorah, IA ✦ Designated as a 501(c)(3)

Overview

What is Depot Outlet Inc?

Depot Outlet Inc is a nonprofit organization based in Decorah, Iowa, with an address at 510 Montgomery Street. Its primary mission is to encourage local residents to recycle their unwanted clothing and small household goods, which are then sold at affordable prices to the community. The organization relies on the efforts of employees, local church volunteers, and donors to clean, sort, and sell the donated items. In addition to its recycling efforts, Depot Outlet Inc also offers opportunities for area residents to volunteer and work within the organization. The funds raised through the recycling program are contributed to various community and church organizations throughout Winneshiek County. The organization's goal is to not only recycle goods but also to make a positive impact on the community by providing opportunities for involvement and support to local organizations.


Official website here: www.depotoutlet.org

Is Depot Outlet Inc legitimate?

Depot Outlet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Depot Outlet 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: $48,602
Professional Fundraising Fees: $0
Other Salaries and Wages: $472,413

For more financial information, click here


Official website here: www.depotoutlet.org

What is the mission statement of Depot Outlet Inc?

The mission statement of Depot Outlet Inc is centered around promoting recycling efforts within the community. They aim to encourage residents to recycle their discarded clothing and small household goods, and subsequently, they recycle these items at affordable prices for consumers. The organization also offers opportunities for residents to volunteer and work in their recycling efforts, providing a means for community involvement. Moreover, they contribute funds from their recycling efforts to various community and church organizations, fostering a sense of giving and support within the local community.


Official website here: www.depotoutlet.org

Who is the CEO of Depot Outlet Inc?

Karla Olson is the Store Direct of Depot Outlet Inc.


Official website here: www.depotoutlet.org

What is the revenue of Depot Outlet Inc?

Depot Outlet Inc's revenue in 2022 was $2,098,581.


Official website here: www.depotoutlet.org

Who are the executives of Depot Outlet Inc and what are their salaries?

The average compensation at Depot Outlet Inc during 2022 was $14,886. There are 35 employees and 35 volunteers at Depot Outlet Inc.

Here are 10 key members and their salaries:

    Jessica O'Mara Kelly (Store Direct)
  • Compensation: $48,602
  • Related: $0
  • Other: $235

    • Jim Buzza (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sue Darling (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dave Fisher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joanne Huinker (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karla Olson (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mae Schmitt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jayne Shimek (Historian) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sue Snell (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carol Thunberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.depotoutlet.org

    Where can I find the form 990 for Depot Outlet Inc?

    The Depot Outlet Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.depotoutlet.org

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

    Mission Statement of Depot Outlet Inc

    The Depot Outlet Inc, a non-profit organization, is dedicated to encouraging and assisting local residents in recycling their discarded clothing and small household goods. By doing so, they aim to recycle these items at low prices for consumers in the area.

    Moreover, Depot Outlet Inc offers opportunities for area residents to volunteer their services and train to work in their recycling effort. This not only helps to divert waste from landfills but also provides a platform for community members to contribute to a worthy cause.

    Lastly, the funds generated from their recycling effort are shared with community and church organizations throughout the county, further extending their reach and impact in the local community. In essence, Depot Outlet Inc is a hub for recycling, volunteerism, and community fundraising, all rolled into one.

    Impact

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




    Monday, June 17, 2024

    Depot Outlet Inc has a significant impact on the community of Decorah, Iowa by encouraging and assisting residents in recycling their discarded clothing and small household goods. Through their efforts, they provide families in need with access to affordable used clothing, books, and household items. This not only promotes sustainability by reducing waste but also supports the local community by offering low-cost options for essential goods. Additionally, Depot Outlet Inc creates opportunities for area residents to volunteer, train, and work within their organization's recycling efforts, fostering a sense of community involvement and skill development. Furthermore, their contributions to community and church organizations in Winneshiek County demonstrate their commitment to making a positive difference in the region.





    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: $12,187
  • Program Service Revenue: $1,041,122
  • Gross Receipts: $2,098,581

    • Assets and Liabilities:
  • Total Assets: $1,914,433
  • Total Liabilities: $34,241
  • Net Assets: $1,880,192
  • Programs

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

    SALE OF USED CLOTHING

    Revenue

    $992,911

    RECYCLING INCOME

    Revenue

    $48,211

    Organization Details

    Founding Year

    1973

    Principal Officer

    Karla Olson

    Main Address

    510 MONTGOMERY STREET, DECORAH, IA, 52101

    NTEE Category

    Code: C27 - Environment

    If you are a representative of Depot Outlet Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.