Nonprofit · EIN 20-1578635
THRIFT ALLIANCE
Tax-exempt · NASHVILLE, TN 37211
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,826,152 | $9,848,229 | -$22,077 | $5,867,212 | $4,989,404 | $877,808 |
| June 30, 2024 | 990 | $7,967,314 | $7,913,391 | $53,923 | $2,199,984 | $1,300,099 | $899,885 |
| June 30, 2023 | 990 | $3,095,086 | $2,974,646 | $120,440 | $829,029 | $357,128 | $471,901 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,774,412
- Program service revenue
- $3,942,246
- Investment income
- $86
- Other revenue
- $109,408
Expenses
- Grants and similar amounts paid
- $240,000
- Compensation of officers, directors and key employees
- $98,029
- Other salaries and wages
- $1,867,536
- Salaries, compensation and benefits (total)
- $2,184,836
- Professional fundraising fees
- $0
- Accounting fees
- $34,873
- Occupancy
- $617,275
- Travel
- $2,607
- Depreciation
- $58,060
- Program services (functional)
- $9,165,254
- Management and general (functional)
- $682,975
Balance sheet and other
- Total assets, start of year
- $2,199,984
- Total assets, end of year
- $5,867,212
- Total liabilities, end of year
- $4,989,404
- Net assets, end of year
- $877,808
- Land, buildings and equipment
- $532,925
- Net assets without donor restrictions
- $877,808
- Gross receipts
- $9,826,152
- Employees
- 86
- Volunteers
- 1,500
- Year formed
- 2004
- State of legal domicile
- TN
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC TAFT | OPERATIONS M Highest-paid employee | 40 | $107,473 | $15,129 |
| RICHARD GYGI | EXECUTIVE DI Officer | 20 | $89,229 | $0 |
| EMILY BLACKLEDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ED FREEMAN | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JEFF PACK | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PARKER PAGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CINDY SILER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRUCE KRAPF | GENERAL MANA Highest-paid employee | 40 | $119,866 | $24,973 |
| ERIC TAFT | OPERATIONS M Highest-paid employee | 40 | $101,416 | $12,108 |
| RICHARD GYGI | EXECUTIVE DI Officer | 20 | $78,431 | $0 |
| EMILY BLACKLEDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ED FREEMAN | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JEFF PACK | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PARKER PAGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CINDY SILER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bruce Krapf | Operations Manager Key employee | 45 | $163,157 |
| Richard Gygi | Executive Director Officer | 20 | $76,890 |
| Ed Freeman | Vice-chairman Trustee or director | 1 | $0 |
| Jeff Pack | Chairman Trustee or director | 2 | $0 |
| Cindy Siler | Director Trustee or director | 1 | $0 |
| Emily Blackledge | Director Trustee or director | 1 | $0 |
| Parker Page | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4890 NOLENSVILLE PIKE, NASHVILLE, TN 37211-5410
- In care of
- % RICHARD GYGI
- Principal officer (990 for 2024)
- RICHARD GYGI, 4890 NOLENSVILLE PIKE, NASHVILLE, TN 37211
- Signed the 990
- RICHARD GYGI, EXECUTIVE DIRECTOR
- Phone
- (615) 833-8200
- Website
- WWW.THRIFTSMART.COM
- Return prepared by
- BLANKENSHIP CPA GROUP PLLC
Mission
OUR MISSION IS TO PROVIDE VALUE TO CUSTOMERS, OPPORTUNITY FOR EMPLOYEES, AND BENEFITS FOR CHARITIES BY OPERATING THE BEST THRIFT STORES IN THE WORLD AND PROMOTING THRIFTY LIVING-ALL FOR GOD'S GLORY.
Program accomplishments
- THE ORGANIZATION SELLS DONATED AND PURCHASED MERCHANDISE TO SUPPORT VARIOUS MISSIONS. THE FOUNDERS ADOPTED A VISION FOCUSED ON "BUSINESS AS A MISSION." FUNDS PROVIDED BY THE ORGANIZATION SEND MEDICINE, BOOKS, EDUCATIONAL MATERIALS, CLOTHING, ETC. TO SUPPORTED MISSIONS. ADDITIONAL OBJECTIVES INCLUDE PROVIDING JOBS AND SKILL DEVELOPMENT TO RESIDENTS OF LOWER-TO- MIDDLE INCOME INDIVIDULS, AND PROVIDING GOOD QUALITY CONSUMER GOODS TO THE PUBLIC.Expenses $9,165,254 · grants $240,000 · revenue $3,942,246
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1578635
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P112)
- Assets (IRS master file)
- $5,867,212
- Income (IRS master file)
- $9,826,152
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,826,152 | $9,848,229 | $5,867,212 | XML |
| 990 | June 2024 | $7,967,314 | $7,913,391 | $2,199,984 | IRS |
| 990 | June 2023 | $3,095,086 | $2,974,646 | $829,029 | XML |
| 990 | June 2022 | $2,756,268 | $2,530,145 | $769,764 | IRS |
| 990 | June 2021 | – | – | – | 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 20-1578635).
Questions about THRIFT ALLIANCE
- What is the EIN of THRIFT ALLIANCE?
- The employer identification number (EIN) of THRIFT ALLIANCE is 20-1578635.
- Is THRIFT ALLIANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to THRIFT ALLIANCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does THRIFT ALLIANCE 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 THRIFT ALLIANCE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THRIFT ALLIANCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THRIFT ALLIANCE?
- The 990 for the year ended June 30, 2025 names RICHARD GYGI.
- Who are the officers and directors of THRIFT ALLIANCE?
- The 990 for the year ended June 30, 2025 lists 7 people; 2 received compensation from the organization, the highest $107,473 (ERIC TAFT, OPERATIONS M).
- How much revenue does THRIFT ALLIANCE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,826,152, expenses of $9,848,229 and total assets of $5,867,212 at year end.
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