GM First & Second Thrift Store
To raise money for local nonprofit through the sale of donated goods; To work with social services and local churches to provide clothing and household goods to people in need; To decrease the amount of clothing and household goods going to a landfill; To offer a source of lightly used goods for a affordable price; To offer community members a place to volunteer their time while supporting local nonprofits.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$221K
+30.6% YoY
Annual Giving
$66K
Grant Count
7
Avg Grant Size
$9K
About GM First & Second Thrift Store
Based on IRS filings
GM First & Second Thrift Store is a nonprofit organization focused on Community Improvement & Capacity Building, based in GRAND MARAIS, MN. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $221K in total assets. In 2024, it awarded 7 grants totaling $66K. Net investment income was $4K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $221,397 | $169,462 |
| Revenue | $233,070 | $193,333 |
| Expenses | $180,539 | $34,919 |
| Qualifying Distributions | — | — |
| Net Investment Income | $3,614 | — |
| Distributable Amount | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ann Marie Mershon | President | 13 | — |
| Barb Backlund | Vice president | 1 | — |
| Diane DeBevec | Secretary | 7 | — |
| Gwendolyn Mattice | Treasurer | 9 | — |
| Lois Johnson | Board member | 1 | — |
| Chris Silence | Board member | 15 | — |
| Renee Larsen | Board member | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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