| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Accounting | 1,900 | 0 | 0 | 0 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| Leasehold Improvements | 2022-09-01 | 18,600 | 13,243 | M | 5 | 2,143 | 0 | 0 | |
| Equipment | 2022-09-01 | 12,400 | 8,829 | M | 5 | 1,428 | 0 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| Form 990PF-General Explanation Attachment 1 | The purpose of Charity Thrift Store Inc is to assist in the needs of the local public through 1 collecting and re-selling donated clothing and household merchandize for a nominal price, 2 collecting and redistributing donated canned goods free of charge, 3 providing financial assistance for recipients basic utilities by distributing a portion of the organizations profits, and 4 providing job search assistance free of charge. These services are provided through a store-front establishment with minimal employment offering and utilizing volunteer opportunities in the community via donations, fund-raising, and in-store service time. |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| Leasehold Improvments | 5,356 | 3,213 | 3,213 |
| Equipment | 3,571 | 2,144 | 2,144 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Insurance | 4,809 | 0 | 0 | 0 |
| Supplies | 16,594 | 0 | 0 | 0 |
| Bank Fees | 40 | 0 | 0 | 0 |
| Outside Services | 9,512 | 0 | 0 | 0 |
| Credit Card Pmt Processing Fee | 723 | 0 | 0 | 0 |
| Computer & Internet | 217 | 0 | 0 | 0 |
| Lic | 68 | 0 | 0 | 0 |
| Telephone | 5,043 | 0 | 0 | 0 |
| Waste Removal | 2,492 | 0 | 0 | 0 |
| Marketing | 300 | 0 | 0 | 0 |
| Misc | 585 | 0 | 0 | 0 |
| Small Tools & Equipment | 274 | 0 | 0 | 0 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| Thrift Store Sales | 152,075 | 9,507 | 142,568 |
| Name | Address |
|---|---|
| GLORIA HESTER |
3265 Summer Meadows Rd Valdosta,GA31601 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Payroll Tax | 5,104 | 0 | 0 | 0 |
| Sales Tax | 12,027 | 0 | 0 | 0 |