Osprey Village Thrift Stores Llc
Nonprofit profile at a glance
- EIN
- 844031272
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Hilton Head Island, SC, USA
- Phone
- 8434226099
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $347,951
- Expenses
- $396,232
- Assets
- $128,325
- Liabilities
- $68,608
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- TOM SWANCIGER (EXECUTIVE DIRECTOR)
- JULIE KUHNS (CEO)
Highest reported compensation
- DAVID D'AMICO (COO): $49,670 total reported compensation
- TERESA BULLOCK (CONTROLLER): $29,169 total reported compensation
- TOM SWANCIGER (EXECUTIVE DIRECTOR): $25,465 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To assist osprey village inc. In the promotion of its charitable, educational, and other programs by operating one or more thrift stores for the financial benefit of osprey village.
What it reported doing in 2024
Thrift store: the okatie area thrift store provides ongoing operational funds that are dedicated to developing a "neighborhood with a purpose" to support intellectually and developmentally disabled (idd) adults in the area. The thrift store also serves as a job/vocational training setting for these special needs adults. In november 2016, theorganization signed a lease to open a new thrift store on hilton head island that also provides 1300 sq ft of office space for the staff to meet with clients, a conference room for board meetings, and additional space for partner organizations to work with osprey village. The new thrift store and offices opened in late march 2017 and a localnonprofit organization has been engaged that serves adults with idd to have a work enclave come and clean the new store and office areas.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 90
- Accountability: 91
- Sustainability: 19
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.7%; rating input score 100
- Program expense ratio: 88%; rating input score 88
- Fundraising efficiency: $6,727.5 raised per $1 spent on fundraising; rating input score 100; 100th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -13.9%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0.32; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.53; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 0.4%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 0.2% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 1.1% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: 9% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 99.7% of revenue deployed · 88% of spending went to programs
- Governance: 6 of 6 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $349K in reported program spending
- Leadership: top reported pay $50K · 15 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- 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 19/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.