Once again, Wear and Share is pleased to report that things are going well with the store. Even though this past year continued to show a downward trend both in sales dollars as well as in the number of volunteers needed to effectively operate the store, we were able to meet our donation commitments and continue on-going building maintenance and improvements while still maintaining a solid cash position.
We found the silent auctions to be extremely labor intensive and none were held last year, but we do plan to have at least one in 2015. However, the Black Friday ½ Price Sale was a major success and the After New Years ½ Price Sale also did well, so they will most likely be continued. Where there was some impact on sales from bad weather early on, it was negligible overall. Medical issues with staff resulted in heavier than normal salary expense, but was readily absorbed.
Wear and Share is a non-profit dedicated to providing funding and assistance to a number of local charities. We are owned and operated by 7 of our local churches; Peace Lutheran, Faith Lutheran, Fairfield Bay Baptist, St. Francis of Assisi Catholic, Fairfield Bay United Methodist, Presbyterian Kirk of the Hills, and Cornerstone Evangelical. We have only 3 paid employees, a full-time Store Manager and 2 Assistant Store Managers, who work on an as-needed basis when the Store Manager is not present. Wear and Share is run by a Board made up of 2 representatives from each church who receive no salary and contributed about 300+ hours of their time last year. We would not exist were it not for the time and effort contributed by our tireless volunteers, who numbered 62 (down from 67 in 2013) and who worked a total of 7,127+ hours last year. Neither the Board members nor the volunteers receive any salary or special discounts. In fact, most actually end up contributing to the bottom line because it’s impossible to work here without finding something too good to pass up.
Total sales last year were $86,412.44, down from $91,697.09 in 2013, while salaries and overhead expenses increased to $46,843.96 from $44,684.92. Even though every effort is made to tightly monitor expenses, we have had to deal with significant increases for such items as insurance and higher supply costs across the board.
Wear and Share continues to meet its charitable commitment goals and distributed $37,658.19 in 2014 and we hope to add several more worthy causes in 2015. Those receiving donations last year were:
Dept. of Health & Human Services (Paid for rent and household utilities on behalf of applicants recommended and vetted by the Van Buren County Office.) $11,923
Animal Protection League 1,200
Fairfield Bay Library 2,400
Foods for Life 3,300
Mainstreet Kids 2,400
The CALL 1,000
Care Caps 2,400
VBC Aging Programs 2,400
VBC Literacy Council, Inc. 2,400
Single Parent Scholarship Fund 7,000
In addition to cash distributions, we also had more than $1,500 worth of in-kind giving.
Wear and Share continues to be a major force for good in the community and with an improved economy and lower gas prices, we anticipate stronger sales in the coming year.
Wear and Share, Inc. is a non-profit organization registered with the Internal Revenue Service and the State of Arkansas and, as such, its records are open for public inspection. Anyone wishing to inspect the records should submit a written request mailed to Wear and Share, P.O. Box 1081, Fairfield Bay, AR 72088. A fee may be charged for printed copies.