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Island Thrift

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

EIN: 910996800 ✦ Oak harbor, WA ✦ Designated as a 501(c)(3)

Overview

What is Island Thrift?

Island Thrift is a locally-focused nonprofit organization situated in Oak Harbor, Washington. Established with a mission to contribute to the community, Island Thrift operates a thrift store as its primary means of fundraising. The revenue generated from the store is then utilized to provide financial assistance and support to various worthy charities and organizations within Island County. By doing so, Island Thrift plays a significant role in reinvesting back into the community they cherish, thereby strengthening its social fabric. The organization employs a team of 17 dedicated individuals to execute its charitable mission.


Official website here: www.islandthriftoakharbor.org

Is Island Thrift legitimate?

Island Thrift is a legitimate nonprofit organization registered as a 501(c)(3) entity. Island Thrift 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: $524,537

For more financial information, click here


Official website here: www.islandthriftoakharbor.org

What is the mission statement of Island Thrift?

Island Thrift's mission is to operate a thrift store with the primary objective of raising funds for charitable purposes. This mission is carried out by utilizing the revenue generated from the thrift store to provide support and make contributions to worthy community organizations. Island Thrift is committed to reinvesting in the community they love, as evident through their practice of grant funding to various organizations and charities in Island County, Washington.


Official website here: www.islandthriftoakharbor.org

Who is the CEO of Island Thrift?

Peg Shannon is the President of Island Thrift.


Official website here: www.islandthriftoakharbor.org

What is the revenue of Island Thrift?

Island Thrift's revenue in 2022 was $1,370,857.


Official website here: www.islandthriftoakharbor.org

Who are the executives of Island Thrift and what are their salaries?

The average compensation at Island Thrift during 2022 was $30,855. There are 17 employees at Island Thrift.

Here are 15 key members and their salaries:

    Alex Pfeiffer (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peg Shannon (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Berner (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Kotschwar (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Mosolino (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beth Munns (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Slowik (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ken Eelkema (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kyle Renninger (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Palmer (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Renee Hanks (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rhonda Severns (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dawn Shumate (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lyn Bankowski (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jan Hughes (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.islandthriftoakharbor.org

    Where can I find the form 990 for Island Thrift?

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


    Official website here: www.islandthriftoakharbor.org

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

    Mission Statement of Island Thrift

    Island Thrift, a thrift store, serves a unique purpose beyond selling second-hand items. Its mission is centered around generating funds, which it accomplishes through the operation of the store. The primary objective of Island Thrift is to raise funds, channeling them towards supporting and contributing to various worthy community organizations and charities. This philanthropic approach allows Island Thrift to reinvest in the community it loves, making it an integral part of Island County, Washington. By providing grant funding to numerous local organizations and charities, Island Thrift plays a vital role in contributing to the betterment of its community.

    Impact

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




    Saturday, July 20, 2024

    Island Thrift's impact is significant as it directly contributes to supporting various community organizations and charities in Island County, WA. By operating a thrift store to generate funds, Island Thrift plays a crucial role in providing grant funding to numerous local organizations. This support helps these organizations carry out their missions and activities, ultimately benefiting the community at large. Island Thrift's efforts reflect a commitment to reinvesting in the community and making a positive difference in the lives of those in need.





    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: $1,826
  • Program Service Revenue: $0
  • Gross Receipts: $1,370,857

    • Assets and Liabilities:
  • Total Assets: $1,313,693
  • Total Liabilities: $18,919
  • Net Assets: $1,294,774
  • Organization Details

    Founding Year

    1977

    Principal Officer

    Peg Shannon

    Main Address

    600 SE BARRINGTON, OAK HARBOR, WA, 98277

    NTEE Category

    Code: P29Z - Human services

    If you are a representative of Island Thrift 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.