Better Business Bureau Report for
Village Treasure House

Better Business Bureau Report issued January 2012
Better Business Bureau Report expires January 2014


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Village Treasure House
Address: 1460 Paddock Dr.
  Northbrook, IL 60062
Phone: 847-832-1030
Web Address: villagetreasurehouse.org
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Better Business Bureau Comments

Year, State Incorporated: 1997, Illinois
Affiliates: None
Stated Purpose: Village Treasure House is a not-for-profit consignment shop. Proceeds support local agencies serving women and families in crisis.

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Evaluation Conclusions

               

Village Treasure House meets the 20 Standards for Charity Accountability.
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Programs

               

Village Treasure House provides twice-yearly grants to 15 local agencies. These agencies provide vital social services in north suburban communities. Since 1998, over $1,100,000 has been granted.

For the fiscal year ended December 31, 2010, Village Treasure House's program expenses were:

  
cossignment payments for merchandise sold 177,065
other direct costs of merchandise sold 152,397
Grants and other distributions 135,000
Total Program Expenses: $464,462
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Governance

               

Chief Executive :
Compensation*: 
 $

Chair of the Board: Kathy Tomita
Chair's Profession / Business Affiliation:

Board Size: 20

Paid Staff Size: 5

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

print advertisements, grant proposals
Fund raising costs were 7% of related contributions. (Related contributions, which totaled $7,477, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on Village Treasure House's audited financial statements for the fiscal year ended December 31, 2011.

Source of Funds  
Sales of Merchandise 447,830
Contributions 7,477
Other Income 2,966
Interest Income 153
Total Income $458,426


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Uses of Funds as a % of Total Expenses

Programs: 99%  Fund Raising: Less than 1%  Administrative: 1% 

Total income $458,426
Program expenses $464,462
Fund raising expenses 500
Administrative expenses 5,387
Total expenses $470,349
Expenses in Excess of Income (11,923)
Beginning net assets 38,826
Other Changes in Net Assets (123,604)
Ending net assets 26,903
Total liabilities 13,902
Total assets $40,805


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New Section

               

<div>Village Treasure House publicizes its grant giving both on its website and in local media. &nbsp;The organization plans to complete an annual report in 2012.</div> <div>Village Treasure House plans to include their financial information and a link to their 990 on its website upon completion of its 2011 IRS Form 990.</div> <div>Village Treasure House does not solicit donations through written appeals, nor does it share donor information outside the organization.</div> <div>&nbsp;</div>

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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