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Nonprofit · EIN 63-1220415

ASBURY THRIFT STORE INC

Tax-exempt · MADISON, AL 35758

Financials

$1.3M$1.1M2023$1.3M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of ASBURY THRIFT STORE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,348,458$1,370,078-$21,620$3,175,103$35,230$3,139,873
December 31, 2023990$1,316,958$1,136,093$180,865$3,185,412$24,439$3,160,973
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,286,559
Investment income
$57,200
Other revenue
$4,699

Expenses

Grants and similar amounts paid
$249,597
Other salaries and wages
$639,894
Salaries, compensation and benefits (total)
$715,902
Professional fundraising fees
$0
Accounting fees
$4,190
Occupancy
$180,956
Travel
$45,833
Depreciation
$55,330
Program services (functional)
$1,351,875
Management and general (functional)
$18,203

Balance sheet and other

Total assets, start of year
$3,185,412
Total assets, end of year
$3,175,103
Total liabilities, end of year
$35,230
Net assets, end of year
$3,139,873
Land, buildings and equipment
$1,518,509
Gross receipts
$1,348,458
Employees
48
Volunteers
160
Year formed
1999
State of legal domicile
AL

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
WANDA MYERSTREASURER
Officer
2$0
MILES PARMENTERPRESIDENT
Officer
2$0
990 for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
WANDA MYERSTREASURER
Officer
2$0
MILES PARMENTERPRESIDENT
Officer
2$0

Address and contacts

Address (IRS master file)
295 PORTAL LN, MADISON, AL 35758-5813
In care of
% ASBURY UNITED METHODIST CHURCH
Principal officer (990 for 2024)
WANDA MYERS, PO BOX 772, MADISON, AL 35758
Signed the 990
WANDA MYERS, TREASURER
Phone
(256) 464-0460
Return prepared by
ALDRIDGE BORDEN & COMPANY PC

Mission

PROVIDE FINANCIAL ASSISTANCE TO LOCAL CHARITABLE ORGANIZATIONS

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION OPERATES A THRIFT STORE AND, THEREFORE, DOES NOT ENGAGE IN SEPARATE, DISTINGUISHABLE PROGRAM SERVICES. REVENUES ARE GENERATED FROM THE SALE OF GOODS DONATED TO THE ORGANIZATION BY THE GENERAL PUBLIC. THE INCOME FROM OPERATIONS IS USED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND REGULATIONS.
    Expenses $1,351,875 · grants $249,596 · revenue $1,286,559

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
63-1220415
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2001
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P29)
Assets (IRS master file)
$3,175,103
Income (IRS master file)
$1,348,458

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,348,458$1,370,078$3,175,103IRS
990December 2023$1,316,958$1,136,093$3,185,412XML
990December 2022$1,372,696$1,154,792$3,005,522IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 63-1220415).

Questions about ASBURY THRIFT STORE INC

What is the EIN of ASBURY THRIFT STORE INC?
The employer identification number (EIN) of ASBURY THRIFT STORE INC is 63-1220415.
Is ASBURY THRIFT STORE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to ASBURY THRIFT STORE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ASBURY 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 ASBURY 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 ASBURY 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 ASBURY THRIFT STORE INC?
The 990 for the year ended December 31, 2024 names WANDA MYERS.
Who are the officers and directors of ASBURY THRIFT STORE INC?
The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does ASBURY THRIFT STORE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,348,458, expenses of $1,370,078 and total assets of $3,175,103 at year end.

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