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Nonprofit · EIN 27-2398317

ATHENS THRIFT STORE INC

Tax-exempt · ATHENS, TX 75751

Financials

$644K$703K2023$695K$725K2024
Revenue Expenses · by fiscal year end
Financials of ATHENS THRIFT STORE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$694,758$724,910-$30,152$673,402$390,868$282,534
December 31, 2023990$644,419$702,691-$58,272$732,516$438,630$293,886
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$699,858
Program service revenue
$0
Investment income
$0
Net rental income
-$5,100
Other revenue
-$5,100

Expenses

Grants and similar amounts paid
$322,000
Other salaries and wages
$210,748
Salaries, compensation and benefits (total)
$226,874
Professional fundraising fees
$0
Accounting fees
$3,875
Occupancy
$64,057
Travel
$6,825
Depreciation
$22,555
Program services (functional)
$703,654
Management and general (functional)
$21,256

Balance sheet and other

Total assets, start of year
$732,516
Total assets, end of year
$673,402
Total liabilities, end of year
$390,868
Net assets, end of year
$282,534
Land, buildings and equipment
$655,033
Net assets without donor restrictions
$282,534
Gross unrelated business income
-$5,100
Gross receipts
$703,608
Employees
17
Year formed
2010
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DREW DOUGLASPRESIDENT
Trustee or director
2$0
ERIN QUATTLEBAUMSECRETARY
Trustee or director
2$0
DAN WINFREYDIRECTOR
Trustee or director
1$0
GARY COBURNDIRECTOR
Trustee or director
1$0
TRISH VILLARDIRECTOR
Trustee or director
1$0
MILBURN CHANEYDIRECTOR
Trustee or director
1$0
ANNETTE BROWNDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
DREW DOUGLASPRESIDENT
Trustee or director
2$0
ERIN QUATTLEBAUMSECRETARY
Trustee or director
2$0
DAN WINFREYDIRECTOR
Trustee or director
1$0
SCOTT HENDRIXDIRECTOR
Trustee or director
1$0
TRISH VILLARDIRECTOR
Trustee or director
1$0
MILBURN CHANEYDIRECTOR
Trustee or director
1$0
ANNETTE BROWNDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 350, ATHENS, TX 75751-0350
Principal officer (990 for 2024)
DREW DOUGLAS, 406 E CORISCANA, ATHENS, TX 75751
Signed the 990
DREW DOUGLAS, PRESIDENT
Phone
(903) 675-3160
Return prepared by
HOLDREDGE SHADDOX & HABIBELAHIAN LLP

Mission

ATHENS THIFT STORE, INC.'S PURPOSE IS TO STRENGTHEN NONPROFIT ORGANIZATIONS IN THE COMMUNITY THROUGH GRANTS AND DISTRIBUTIONS DERIVED FROM THE SALE OF DONATED GOODS FROM THE COMMUNITY.

990 for the year ended December 31, 2024

Program accomplishments

  • ATHENS THRIFT STORE, INC. PROVIDES VARIOUS CHARITIES FROM THE HENDERSON COUNTY, TEXAS AREA WITH FUNDS IN ORDER TO PROMOTE THE WELFARE OF THE COMMUNITY THROUGH THE SALE OF DONATED GOODS.
    Expenses $703,654 · grants $322,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-2398317
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2010
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P29)
Assets (IRS master file)
$673,402
Income (IRS master file)
$703,608

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990-TDecember 2024–––IRS
990December 2023$644,419$702,691$732,516IRS
990-TDecember 2023–––IRS
990December 2022$531,022$506,471$818,199IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about ATHENS THRIFT STORE INC

What is the EIN of ATHENS THRIFT STORE INC?
The employer identification number (EIN) of ATHENS THRIFT STORE INC is 27-2398317.
Is ATHENS THRIFT STORE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to ATHENS THRIFT STORE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ATHENS THRIFT STORE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ATHENS THRIFT STORE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ATHENS THRIFT STORE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ATHENS THRIFT STORE INC?
The 990 for the year ended December 31, 2024 names DREW DOUGLAS.
Who are the officers and directors of ATHENS THRIFT STORE INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does ATHENS THRIFT STORE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $694,758, expenses of $724,910 and total assets of $673,402 at year end.

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