TY 2020 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-1150

2020

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
OSU Folk Club Thrift Shop Inc

Number and street (or P. O. box, if mail is not delivered to street address)144 NW 2nd Street
Room/suite

City or town, state or province, country, and ZIP or foreign postal code Corvallis, OR97330

D Employer identification number

93-0963284

E Telephone number

(541) 752-4733

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? Through consigned items and donations, we help people recycle clothing and small household articles. The OSU Folk Club Thrift Shop contributes the net profit to scholarships and civic projects in Benton County, Oregon. These awards are administered through the OSU Folk Club Thrift Shop Foundation.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 The OSU Folk Club Thrift Shop operates to raise funds to be awarded in scholarships to Oregon State University students and grants to Benton County, Oregon non-profit organizations. These awards are administered through the OSU Folk Club Thrift Shop Foundation. (Grants $ 42,797) If this amount includes foreign grants, check here ...			28a	42,797
29 (Grants $ ) If this amount includes foreign grants, check here ...			29a
30 (Grants $ ) If this amount includes foreign grants, check here ...			30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32	42,797

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
Becky Standberg President	0.50	0
Mary Ann Matzke Co-Chair	0.50	0
Eneke Warnke Chair	3.00	0
LaVaun Bain Cor. Secretary	0.50	0
Wendy Reinalda Personnel	0.50	0
Doug Severs Distribution	0.50	0
Robin Heeter Operations	0.50	0
Dana Strowbridge Operations	3.00	0
Mary Burke Operations	2.50	0
Roberta King Grants	0.50	0
Bonnie Tomski Treasurer	1.00	0
Kathleen Reistad Bookkeeper	1.00	0
Kathy Holman Personnel Data	0.50	0
Rosie Toy Chair Elect	2.00	0
Carol Ann Langstine Donations	4.50	0
Terri Hellesto Sale Prep	0.50	0
Marcia Cutler Sale Prep	0.50	0
Kate Mathews Scholarships	0.50	0
Mary Severs Secretary	0.50	0

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? If “Yes," complete Schedule L, Part I

40b

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
NONE

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation
NONE


Name of organization OSU Folk Club Thrift Shop Inc	Employer identification number 93-0963284
Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)


Name of organization OSU Folk Club Thrift Shop Inc	Employer identification number 93-0963284
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Return Reference	Explanation
Other Revenue.1	Parking $850
Grants and Similar Amounts Paid In Excess of $5,000.1	\| Donee's Name: OSU Thrift Shop Foundation \| Donee's Address: 144 NW 2nd Street Corvallis OR 97330 \| Cash Amount Given: $42797
Other Expenses.1009	Depreciation $4274
Other Expenses.1012	Insurance $782
Other Expenses.1	Taxes and Licenses $5124
Other Expenses.2	Supplies $1660
Other Expenses.3	Business Expenses $597
Other Expenses.4	Card Charges $55
Other Assets.1002	Furniture and Fixtures - Beginning $6329 Furniture and Fixtures - Ending $4961
Other Assets.1003	Machinery and Equipment - Beginning $354 Machinery and Equipment - Ending $277
Other Assets.1010	Inventories - Beginning $12880 Inventories - Ending $2472

Return Reference

Explanation

Other Revenue.1

Parking $850

Grants and Similar Amounts Paid In Excess of $5,000.1

| Donee's Name: OSU Thrift Shop Foundation | Donee's Address: 144 NW 2nd Street Corvallis OR 97330 | Cash Amount Given: $42797

Other Expenses.1009

Depreciation $4274

Other Expenses.1012

Insurance $782

Other Expenses.1

Taxes and Licenses $5124

Other Expenses.2

Supplies $1660

Other Expenses.3

Business Expenses $597

Other Expenses.4

Card Charges $55

Other Assets.1002

Furniture and Fixtures - Beginning $6329 Furniture and Fixtures - Ending $4961

Other Assets.1003

Machinery and Equipment - Beginning $354 Machinery and Equipment - Ending $277

Other Assets.1010

Inventories - Beginning $12880 Inventories - Ending $2472

1	Contributions, gifts, grants, and similar amounts received ....................	1	37,532
2	Program service revenue including government fees and contracts ................	2
3	Membership dues and assessments .............................	3
4	Investment income ....................................	4	1,467
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a	50,451
b	Less: cost of goods sold .............	7b	50,475
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c	-24
8	Other revenue (describe in Schedule O) ....................	8	850
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	39,825

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	-29,155
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	334,232
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	305,077

Sign Here

	Signature of officer	Date

	Type or print name and title

Software ID:	20011551
Software Version:	2020v4.0

Software ID:	20011551
Software Version:	2020v4.0

10	Grants and similar amounts paid (list in Schedule O) ................	10	42,797
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12
13	Professional fees and other payments to independent contractors ............	13	1,475
14	Occupancy, rent, utilities, and maintenance ...................	14	12,216
15	Printing, publications, postage, and shipping ...................	15
16	Other expenses (describe in Schedule O) ...................	16	12,492
17	Total expenses. Add lines 10 through 16 .................	17	68,980


Name of organization OSU Folk Club Thrift Shop Inc			Employer identification number 93-0963284
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.