757 Creative Reuse Center
Nonprofit profile at a glance
- EIN
- 832521545
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2019
- Location
- Norfolk, VA, USA
- Phone
- 7579373821
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $197,241
- Expenses
- $207,434
- Assets
- $29,447
- Liabilities
- $5,271
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- JENNIFER HAND (PRESIDENT)
People named in this filing
- ELIZABETH DRYER (EXECUTIVE DI)
- JENNIFER HAND (PRESIDENT)
- DARLENE WARD (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The 757 creative reuse center is dedicated to providing accessible and affordable second-hand arts and crafts supplies, while reducing waste and promoting reuse.
What it reported doing in 2024
By accepting donations of gently used excess or otherwise resuable supplies, the 757 creative reuse center promotes sustainability and waste reduction by keeping thousands of pounds of usable materials out of the landfill. The center provides the community with a resouce for affordable arts and crafts supplies and offers classes and workshops to allow patrons to learn new skills and connect with others.
Operating model
- Revenue model
- Other-operating. 74% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 19
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -5.2%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 19.9%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: 25.1% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 20.9% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 5% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $207K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 22/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Sustainability: Officer compensation ratio scored 16/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.