The official thrift/discount store bragging thread

Discussion in 'Classic Menswear' started by j, Mar 2, 2005.

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  1. AndroFan

    AndroFan Senior member

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    Yeah, I was wondering about this. I thought maybe he meant that Goodwill lost their 501(c)(3) status or something, but that doesn't appear to be the case: http://www.goodwill.org/get-involved/donate/planned-giving/

     
    Last edited: May 3, 2012
  2. Regg

    Regg Senior member

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    They don't make a profit but that doesn't mean they are using the money they make for charitable purposes. However, Lint is a bit off. From the wiki page:

    The wiki page also mentions that their President makes a lot of money....


    I'd still support them over the discriminating salvation army, but that's a whole different subject :)
     
    Last edited: May 3, 2012
  3. horse's_ass

    horse's_ass Senior member

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    Like what you hear? That's Goodwill radio!
     
  4. AMProf

    AMProf Senior member

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  5. GMMcL

    GMMcL Senior member

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    I think this is called "enablement." And not in the good, American's With Disabilities" act kind of way. Have you no shame, sir? Have you no shame?
     
  6. GMMcL

    GMMcL Senior member

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    :lol:
     
  7. AndroFan

    AndroFan Senior member

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    While we're on the subject, http://charitynavigator.org/ is a fantastic way for assessing charitable organizations, in case people were wondering. They even have a lot of the financials stuff for most charities. The regional/local Goodwills are listed separately (since they're run independently).

    Anyhow, sorry for the [​IMG], I've just found it to be a useful tool for other purposes and figured I'd share.

     
    Last edited: May 3, 2012
  8. grendel

    grendel Senior member

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    You just triggered flashbacks... Thanks... [​IMG]

    Still better than the religious music and stories at Salvation Army though
     
  9. mexicutioner

    mexicutioner Senior member

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    i don't understand this line of thinking. i doubt there are many (if ANY) nonprofits/charities/501c3's that use ALL of the money they bring in for charitable purposes, 100% of the time. every organization has overhead costs and operating expenses. unless you think that the CEO of goodwill should take a salary of zero dollars?

    what exactly are the non-charitable things you think that GW is doing with the money they bring in?

    also, wanted to publicly thank my legal research assistant, Andro. :fonz:
     
    Last edited: May 3, 2012
  10. AndroFan

    AndroFan Senior member

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    You're right, and the above is actually a pretty terrible misconception about nonprofits - they are allowed (and encouraged to!!) make a profit...it just has to be reinvested in the nonprofit in certain ways (in the case of Goodwill, it's done with job training, employment, etc.). Basically, most of the money can't be drawn out of the organization, but profits can absolutely rightfully be made.

    EDIT: A quick explanation of the "non-distribution constraint" on nonprofits: http://learningtogive.org/papers/paper177.html

     
    Last edited: May 3, 2012
  11. catside

    catside Senior member

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    Oh I also found the wingtips in this advertisement:


    [​IMG]

    New old stock. Factory closed in 60ies, burned in 76. St Louis institution. Interesting and right size to go to Japan.
     
    Last edited: May 3, 2012
  12. concealed

    concealed Senior member

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    i believe profits can also be retained to be used at a later date.

    nonprofit ceo's are adequately compensated, the logic being that their expertise, and associated cost, allows the non-profit to be more successful

    lolzeconomics101
     
  13. grendel

    grendel Senior member

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    Oh good... We haven't had a discussion of whether Goodwill / Salvation Army / etc. do good work in several weeks. Next up: By buying nice clothes at thrift stores when we aren't poor we are subverting the mission of the thrift stores to clothe the poor / homeless in finely tailored suits and sportcoats
     
  14. davesmith

    davesmith Affiliate Vendor Affiliate Vendor

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    If what you're talking about is this: http://www.pt01.it/home-it.html - Then holy smokes. You are in possession of some HOT goods.
     
    Last edited: May 3, 2012
  15. Regg

    Regg Senior member

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    No one is saying that. I doubt there is ANY charity in the world that uses 100% of its money for charitable purposes. But if a company spent all the money they made on employee salaries they could be considered a non-profit. There are non-profits that abuse their tax exempt status. Goodwill isn't one of those companies nor is anyone accusing them of such.
     
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