Millies Mission Inc

Nonprofit profile at a glance

EIN
854033323
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Lafayette, IN, USA
Phone
7656074899
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Thrift Shops

Reported finances

Revenue
$504,720
Expenses
$491,836
Assets
$830,185
Liabilities
$32,000

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • TIM POWERS (PRESIDENT)

Highest reported compensation

  • STEPHEN LEITCH (EXECUTIVE DI): $27,869 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Operate a thrift store to 'recycle' donated clothing, household goods and furniture. Costs and prices for merchandise will remain low through lower wages of staff, volunteers, low rent or overhead and cost-savings measures. Millie's thrift stores' income will enable millie's to continue service to the community by helping homeless clients have the household goods and furniture when they are ready for an apartment, enable a family to clothe their children, provide interview or work clothing and help seniors with necessities. A voucher program will enable nonprofits to send their clients to the store. Millie's will use the savings to help those in need such as teachers, job training and clients of nonprofits.

What it reported doing in 2024

Over the past year, millie's thrift store has continued to grow its impact through strategic improvements, strong community partnerships, and a clear commitment to our mission. One of the standout achievements has been the growth of our loyalty program, which now boasts over 9,000 active members. This milestone reflects both our expanding customer base and the deep connections we've built with our regular shoppers. The program has become an important driver of repeat visits, increased basket size, and direct customer communication. Our community-centered initiatives also saw exciting progress. The millie's cares program provided direct support to individuals and families in need by distributing store credit, emergency essentials, and donated goods. We partnered with several local service organizations to ensure help reached those facing housing instability, job loss, or other hardships. Additionally, our collaboration with purdue university through the purdue career closet helped provide hundreds of students with professional attire for interviews and internships-equipping them with both the clothing and confidence they need to succeed. Operationally, we made key investments to streamline our workflow and better serve customers. Most notably, we introduced barcode scanning machines to speed up inventory processing and improve accuracy at the point of sale. This has significantly reduced wait times at checkout and improved our ability to track and price merchandise efficiently. The reorganization of our intake and pricing system, combined with these technology upgrades, positioned us to handle increased donation volumes with greater consistency and care.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 88% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 85
  • Accountability: 84
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94%; rating input score 94
  • Program expense ratio: 96.5%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 91.5%; rating input score 91; 39th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2.6%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 1.69; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 5.7%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: 1.5% per year; rating input score 100; 24th percentile among comparable filings
  • Revenue growth: 7.4% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 4.5% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 94% of revenue deployed · 96.5% of spending went to programs
  • Governance: 6 of 6 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $474K in reported program spending
  • Leadership: top reported pay $28K · 7 people listed
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • Review — Sustainability: Officer compensation ratio scored 51/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.