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Nonprofit · EIN 82-1413101

TROOST THRIFT STORE INC

Tax-exempt (reinstated) · KANSAS CITY, MO 64110

Financials

$416K$393K2023$402K$411K2024
Revenue Expenses · by fiscal year end
Financials of TROOST THRIFT STORE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$402,310$411,436-$9,126$132,888$1,168$131,720
December 31, 2023990$415,708$392,955$22,753$241,131$0$241,131
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$27,640
Program service revenue
$374,670
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$31,712
Other salaries and wages
$192,373
Salaries, compensation and benefits (total)
$234,639
Professional fundraising fees
$0
Legal fees
$2,693
Accounting fees
$6,259
Occupancy
$27,856
Travel
$4,488
Depreciation
$13,776
Program services (functional)
$354,444
Management and general (functional)
$56,992

Balance sheet and other

Total assets, start of year
$146,209
Total assets, end of year
$132,888
Total liabilities, end of year
$1,168
Net assets, end of year
$131,720
Land, buildings and equipment
$45,922
Net assets without donor restrictions
$131,720
Gross receipts
$402,310
Employees
19
Volunteers
100
Year formed
2022
State of legal domicile
MO

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
Toni PennisiPresident
Trustee or director, Officer
40$12,490
Jo BabaranVice President
Trustee or director, Officer
40$10,692
Charles WurthSecretary
Trustee or director, Officer
40$8,530
Ben BabaranTreasurer
Trustee or director, Officer
6$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Toni PennisiPresident
Officer
40$5,500
Chuck WurthSecretary
Officer
40$2,200
Ben BabaranTreasurer
Officer
6$0
Jo BabaranVice-President
Officer
6$0

Address and contacts

Address (IRS master file)
3922 TROOST AVE, KANSAS CITY, MO 64110-1232
In care of
% TONI PENNISI
Principal officer (990 for 2024)
BEN BABARAN, 5412 W 134TH TERRACE STE 1314, Leawood, KS 66209
Signed the 990
BEN BABARAN, TREASURER
Phone
(816) 531-5485
Return prepared by
Five Star Tax & Business Solutions

Mission

Provide Clothing and household goods at low or no cost to the economically depressed community in which the store is located.

990 for the year ended December 31, 2024

Program accomplishments

  • Troost39 is 501c3 organization committed to supporting our Kansas City community by Striving to be a Beloved Community as envisioned by Dr. Martin Luther King Jr.based on justice, equal opportunity, and love for ones fellow human beings, with core values of peace, inclusiveness, and love. Operating a retail store with low-priced, high-quality, essential household and personal items to our customers, many of whom lack transportation and/or the money to shop at the big retailers.
    Expenses $293,838 · grants $109,000 · revenue $391,410
  • T39 Ministry program offers assistance to those most in need, by partnering withsocial service agencies throughout the city, and welcoming as friends and neighbors all who come to our door.
    Expenses $8,050
  • With the aim to identify and develop local, aspiring Black artists to remain in Kansas City, Troost39 Thrift Store created a collective of artists is known as The Gift of Troost TGOT. Troost39 awarded 3,000 grants to selected recipients, conducted group gatherings for support every two-three months, and held an Art Showcase in order for these artists to sell their work. In addition, we have partnered with a strong local non-profit organization, Kansas City G.I.F.T., who provides such as artists with business education and promotion services.
    Expenses $52,556

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
82-1413101
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
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P29)
Assets (IRS master file)
$132,888
Income (IRS master file)
$402,310

Revocation and reinstatement

Exemption revoked
May 15, 2022
Posted by the IRS
August 8, 2022
Reinstated
Effective May 15, 2022

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$402,310$411,436$132,888XML
990December 2023$415,708$392,955$241,131XML
990December 2022$330,287$334,806$218,379IRS

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 82-1413101).

Questions about TROOST THRIFT STORE INC

What is the EIN of TROOST THRIFT STORE INC?
The employer identification number (EIN) of TROOST THRIFT STORE INC is 82-1413101.
Is TROOST THRIFT STORE INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2022 and reinstated it effective May 15, 2022.
Are donations to TROOST THRIFT STORE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TROOST 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 TROOST 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 TROOST 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 TROOST THRIFT STORE INC?
The 990 for the year ended December 31, 2024 names BEN BABARAN.
Who are the officers and directors of TROOST THRIFT STORE INC?
The 990 for the year ended December 31, 2024 lists 4 people; 3 received compensation from the organization, the highest $12,490 (Toni Pennisi, President).
How much revenue does TROOST THRIFT STORE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $402,310, expenses of $411,436 and total assets of $132,888 at year end.

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