Nonprofit · EIN 36-2177156
ECONOMY SHOP
Tax-exempt · OAK PARK, IL 60302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 (amended) | $510,821 | $527,653 | -$16,832 | $451,120 | $10,237 | $440,883 |
| June 30, 2024 | 990 | $440,124 | $393,468 | $46,656 | $459,593 | $1,875 | $457,718 |
| June 30, 2023 | 990 | $362,615 | $288,727 | $73,888 | $411,911 | $843 | $411,068 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,096
- Program service revenue
- $0
- Investment income
- $12,608
- Net income from sales of inventory
- $496,117
- Other revenue
- $496,117
Expenses
- Grants and similar amounts paid
- $231,000
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $118,896
- Salaries, compensation and benefits (total)
- $132,470
- Professional fundraising fees
- $0
- Occupancy
- $7,925
- Depreciation
- $7,696
- Program services (functional)
- $439,921
- Management and general (functional)
- $87,732
Balance sheet and other
- Total assets, start of year
- $459,593
- Total assets, end of year
- $451,120
- Total liabilities, end of year
- $10,237
- Net assets, end of year
- $440,883
- Land, buildings and equipment
- $74,650
- Net assets without donor restrictions
- $440,883
- Gross receipts
- $510,821
- Employees
- 4
- Volunteers
- 100
- Year formed
- 1922
- State of legal domicile
- IL
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ellen Brooks | Operations Manager Highest-paid employee | 40 | $51,462 |
| Lisa Sorensen | President Trustee or director, Officer | 8 | $0 |
| Mary Ann Schott | Treasurer Trustee or director, Officer | 8 | $0 |
| Tammy Grayson | VP - Merchandising Trustee or director, Officer | 8 | $0 |
| Alicia McNamara | VP - Volunteers Trustee or director, Officer | 8 | $0 |
| Mary Rogers | VP - House & Grounds Trustee or director, Officer | 8 | $0 |
| Noreen Frye | Recording Secretary Trustee or director, Officer | 8 | $0 |
| Mary Austin | Corresponding Secretary Trustee or director, Officer | 8 | $0 |
| Lauren Murphy | Director Trustee or director | 8 | $0 |
| Christiane Metzner | Director Trustee or director | 8 | $0 |
| Bill Lee | Director Trustee or director | 8 | $0 |
| Jan Debits | Director Trustee or director | 8 | $0 |
| Ellen Stinziano | Director Trustee or director | 8 | $0 |
| Sharon Boos | Director Trustee or director | 8 | $0 |
| Jane Santilli | Director Trustee or director | 8 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chatka Ruggiero | Director Trustee or director | 8 | $0 |
| Nancy Hines | Director Trustee or director | 8 | $0 |
| Nancy Clark | Director Trustee or director | 8 | $0 |
| Maura Schofield | Director Trustee or director | 8 | $0 |
| Janet Olson | Director Trustee or director | 8 | $0 |
| Vicki Bielanski | Director Trustee or director | 8 | $0 |
| Cherrell Jackson | Director Trustee or director | 8 | $0 |
| Nancy Grayson | Director Trustee or director | 8 | $0 |
| Kimberly Fields | Director Trustee or director | 8 | $0 |
| Donna Patterson | Director Trustee or director | 8 | $0 |
| Sofie Pederson | Director Trustee or director | 8 | $0 |
| Jason Striezel | Director Trustee or director | 8 | $0 |
| Jane Costa | Director Trustee or director | 8 | $0 |
990 for the year ended June 30, 2024: 31 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA SORENSEN | PRESIDENT Trustee or director, Officer | 8 | $0 |
| MARY ANN SCHOTT | TREASURER Trustee or director, Officer | 8 | $0 |
| MARY AUSTIN | SECRETARY Trustee or director, Officer | 8 | $0 |
| TAMMY GRAYSON | VP - MERCHAN Trustee or director, Officer | 8 | $0 |
| ALICIA MCNAMARA | VP - VOLUNTE Trustee or director, Officer | 8 | $0 |
| MARY ROGERS | VP - HOUSE & Trustee or director, Officer | 8 | $0 |
| NOREEN FRYE | RECORDING SE Trustee or director, Officer | 8 | $0 |
| NANCY HINES | DIRECTOR Trustee or director | 8 | $0 |
| LAUREN MURPHY | DIRECTOR Trustee or director | 8 | $0 |
| DONNA PATTERSON | DIRECTOR Trustee or director | 8 | $0 |
| CHRISTIANE METZNER | DIRECTOR Trustee or director | 8 | $0 |
| BILL LEE | DIRECTOR Trustee or director | 8 | $0 |
| JAN DEBITS | DIRECTOR Trustee or director | 8 | $0 |
| ELLEN STINZIANO | DIRECTOR Trustee or director | 8 | $0 |
| SHARON BOOS | DIRECTOR Trustee or director | 8 | $0 |
| JANE SANTILLI | DIRECTOR Trustee or director | 8 | $0 |
| NANCY CLARK | DIRECTOR Trustee or director | 8 | $0 |
| CHATKA RUGGIERO | DIRECTOR Trustee or director | 8 | $0 |
| JANET OLSON | DIRECTOR Trustee or director | 8 | $0 |
| VICKI BIELANSKI | DIRECTOR Trustee or director | 8 | $0 |
| NANCY GRAYSON | DIRECTOR Trustee or director | 8 | $0 |
| CHERRELL JACKSON | DIRECTOR Trustee or director | 8 | $0 |
| SARAH FINNEGAN | DIRECTOR Trustee or director | 8 | $0 |
| KIMBERLY FIELDS | DIRECTOR Trustee or director | 8 | $0 |
| JENNIFER WATTS | DIRECTOR Trustee or director | 8 | $0 |
| JANE COSTA | DIRECTOR Trustee or director | 8 | $0 |
| SUZY SCHRADER | ACCT. REPRES Trustee or director | 8 | $0 |
| SOFIE PEDERSEN | ACCT. REPRSE Trustee or director | 8 | $0 |
| JASON STRIETZEL | ACCT. REPRSE Trustee or director | 8 | $0 |
| MICHELLE ARNOLD | ACCT. REPRSE Trustee or director | 8 | $0 |
| ELLEN BROOKS | OPERATIONS D Trustee or director, Officer | 30 | $0 |
990 for the year ended June 30, 2023: 30 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELLEN BROOKS | OPERATIONS D Trustee or director, Officer | 30 | $37,820 |
| LISA SORENSEN | PRESIDENT Trustee or director, Officer | 8 | $0 |
| MARY ANN SCHOTT | TREASURER Trustee or director, Officer | 8 | $0 |
| MARY AUSTIN | SECRETARY Trustee or director, Officer | 8 | $0 |
| TAMMY GRAYSON | VP -MERCHAND Trustee or director, Officer | 8 | $0 |
| ALICIA MCNAMARA | VP - VOLUNTE Trustee or director, Officer | 8 | $0 |
| MARY ROGERS | VP-HOUSE & G Trustee or director, Officer | 8 | $0 |
| KAREN MURPHY | RECORDING SE Trustee or director, Officer | 8 | $0 |
| NANCY HINES | DIRECTOR Trustee or director | 8 | $0 |
| LAUREN MURPHY | DIRECTOR Trustee or director | 8 | $0 |
| DONNA PATTERSON | DIRECTOR Trustee or director | 8 | $0 |
| CHRISTIANE METZNER | DIRECTOR Trustee or director | 8 | $0 |
| BILL LEE | DIRECTOR Trustee or director | 8 | $0 |
| JAN DEBITS | DIRECTOR Trustee or director | 8 | $0 |
| PENNY EGERTER | DIRECTOR Trustee or director | 8 | $0 |
| ELLEN STINZIANO | DIRECTOR Trustee or director | 8 | $0 |
| SHARON BOOS | DIRECTOR Trustee or director | 8 | $0 |
| DONNA AMBROSE | DIRECTOR Trustee or director | 8 | $0 |
| JANE SANTILLI | DIRECTOR Trustee or director | 8 | $0 |
| NANCY CLARK | DIRECTOR Trustee or director | 8 | $0 |
| CHATKA RUGGIERO | DIRECTOR Trustee or director | 8 | $0 |
| MAURA SCHOFIELD | DIRECTOR Trustee or director | 8 | $0 |
| PEGGY JAKUBICEK | DIRECTOR Trustee or director | 8 | $0 |
| JANET OLSON | DIRECTOR Trustee or director | 8 | $0 |
| VICKI BIELANSKI | DIRECTOR Trustee or director | 8 | $0 |
| MONNETTE BARIEL | DIRECTOR Trustee or director | 8 | $0 |
| NANCY GRAYSON | DIRECTOR Trustee or director | 8 | $0 |
| CHERRELL JACKSON | DIRECTOR Trustee or director | 8 | $0 |
| SARAH FINNEGAN | DIRECTOR Trustee or director | 8 | $0 |
| KIMBERLY FIELDS | DIRECTOR Trustee or director | 8 | $0 |
Address and contacts
- Address (IRS master file)
- 103 S GROVE AVE, OAK PARK, IL 60302-2805
- Principal officer (990 for 2024)
- Lisa Sorensen, 103 S Grove Avenue, Oak Park, IL 60302
- Signed the 990
- Mary Ann Schott, Treasurer
- Phone
- (708) 383-2449
- Website
- www.economyshop.org
- Return prepared by
- ICL LLC
Mission
Economy Shop sells donated clothing and other household items to the general public and utilizes the funds raised to support local charitable organizations.
Program accomplishments
- Program servicesExpenses $439,921 · grants $231,000
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2177156
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1945
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $451,120
- Income (IRS master file)
- $510,821
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $510,821 | $527,653 | $451,120 | XML |
| 990 | June 2024 | $440,124 | $393,468 | $459,593 | XML |
| 990 | June 2023 | $362,615 | $288,727 | $411,911 | XML |
| 990 | June 2022 | $284,336 | $280,955 | $337,202 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 36-2177156).
Questions about ECONOMY SHOP
- What is the EIN of ECONOMY SHOP?
- The employer identification number (EIN) of ECONOMY SHOP is 36-2177156.
- Is ECONOMY SHOP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1945.
- Are donations to ECONOMY SHOP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does ECONOMY SHOP 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 ECONOMY SHOP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMY SHOP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ECONOMY SHOP?
- The 990 for the year ended June 30, 2025 names Lisa Sorensen.
- Who are the officers and directors of ECONOMY SHOP?
- The 990 for the year ended June 30, 2025 lists 28 people; 1 received compensation from the organization, the highest $51,462 (Ellen Brooks, Operations Manager).
- How much revenue does ECONOMY SHOP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $510,821, expenses of $527,653 and total assets of $451,120 at year end.
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