Thrift Love For Vocational Abilities Corp

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

EIN: 853303443 ✦ Columbia, TN ✦ Designated as a 501(c)(3)

Overview

What is Thrift Love For Vocational Abilities Corp?

Thrift Love For Vocational Abilities Corp is a nonprofit organization situated in Columbia, Tennessee. Their primary mission is to provide sustainable employment opportunities with competitive wages for adults with special needs or disabilities. They achieve this by reselling gently used donated items such as clothing, household goods, furniture, and more. This venture not only offers employment but also maximizes funds for their cause, contributing positively to the community. The organization currently employs 27 individuals, demonstrating their commitment to empowering and supporting individuals with unique abilities.


Official website here: www.thriftlove.org

Is Thrift Love For Vocational Abilities Corp legitimate?

Thrift Love For Vocational Abilities Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thrift Love For Vocational Abilities Corp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $154,670

For more financial information, click here


Official website here: www.thriftlove.org

What is the mission statement of Thrift Love For Vocational Abilities Corp?

Thrift Love For Vocational Abilities Corp is committed to providing sustainable employment opportunities with competitive wages to adults with special needs and disabilities. They achieve this by reselling gently used, donated items such as clothing, household goods, furniture, and more. The primary goal is to maximize funds for their mission, while simultaneously offering a work environment that encourages growth and independence for those involved. The corporation's activities contribute to the empowerment of individuals with special needs, enabling them to lead fulfilling lives and become active members of their communities.


Official website here: www.thriftlove.org

Who is the CEO of Thrift Love For Vocational Abilities Corp?

Ken Rakow is the President of Thrift Love For Vocational Abilities Corp.


Official website here: www.thriftlove.org

What is the revenue of Thrift Love For Vocational Abilities Corp?

Thrift Love For Vocational Abilities Corp's revenue in 2022 was $537,641.


Official website here: www.thriftlove.org

Who are the executives of Thrift Love For Vocational Abilities Corp and what are their salaries?

The average compensation at Thrift Love For Vocational Abilities Corp during 2022 was $5,729. There are 27 employees at Thrift Love For Vocational Abilities Corp.

Here are 9 key members and their salaries:

    Juli Beck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mitzi Fann (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robyn Graham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ken Rakow (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marlene Rakow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gina Russell (Executive Di) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Lisa Wheeler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kara Williams (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.thriftlove.org

    Where can I find the form 990 for Thrift Love For Vocational Abilities Corp?

    The Thrift Love For Vocational Abilities Corp’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.thriftlove.org

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

    Mission Statement of Thrift Love For Vocational Abilities Corp

    Thrift Love for Vocational Abilities Corp is committed to providing sustainable employment opportunities with competitive wages to adults with special needs and disabilities. They achieve this by reselling gently used, donated items such as clothing, household goods, furniture, and more. This innovative approach allows the organization to maximize its funds, ensuring it can continue its mission of empowering individuals with unique abilities. By offering a supportive work environment, Thrift Love for Vocational Abilities Corp enables its employees to develop valuable skills, gain confidence, and contribute to their community in a meaningful way.

    Impact

    This information is meant to be a general summary of Thrift Love For Vocational Abilities Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Thrift Love For Vocational Abilities Corp's impact can be seen in the meaningful opportunities it provides to adults with special needs and disabilities. By offering mentored, sustainable employment with competitive wages, this organization helps individuals in their community gain valuable skills, independence, and a sense of purpose. Additionally, through the resale of donated goods, Thrift Love maximizes funds to support its mission of empowering individuals with special needs. Overall, Thrift Love For Vocational Abilities Corp is making a tangible difference in the lives of those they serve, promoting inclusivity and self-sufficiency in Columbia, TN.





    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: $2,762
  • Program Service Revenue: $508,144
  • Gross Receipts: $590,707

    • Assets and Liabilities:
  • Total Assets: $322,565
  • Total Liabilities: $7,353
  • Net Assets: $315,212
  • Programs

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

    STORE SALES

    Revenue

    $508,144

    Organization Details

    Founding Year

    2021

    Principal Officer

    Ken Rakow

    Main Address

    1116 W 7TH STREET PMB 184, COLUMBIA, TN, 38401

    NTEE Category

    Code: P29 - Human services

    If you are a representative of Thrift Love For Vocational Abilities Corp 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.