Grayson Grand Central Station
- Assets
- $1.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Sherman, TX
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 26-3653572
Organization Overview
Grayson Grand Central Station is located in Sherman, TX. The organization was established in 2009. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Grayson Grand Central Station employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grayson Grand Central Station is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Grayson Grand Central Station generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO HELP REDUCE THE EFFECTS OF LIMITED RESOURCES FOR THOSE IN NEED, BY PROVIDING A SOUP KITCHEN, PROGRAM TO PROVIDE STUDENTS WITH FOOD ON WEEKENDS, AND PROVIDE A CHOICE PANTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRAND CENTRAL STATION, MARKET DEPOT AND CHILDREN'S EXPRESS - WE SERVE HOT LUNCHES 5 DAYS A WEEK AND PREPARE A SACK LUNCH ON SATURDAYS FOR PICK UP. WE OPEN AT 9AM AND PROVIDE BREAKFAST. WE SERVED 36,688 MEALS AND VOLUNTEERS LOGGED 7,480 HOURS OF SERVICE. WE ALSO HAVE A FOOD PANTRY THAT DISTRIBUTED 302,121 LBS OF FOOD WITH 4,873 VOLUNTEER HOURS. OUR THIRD FOOD PROGRAM IS FOR WEEKEND FOOD FOR CHILDREN. THERE WAS A TOTAL OF 17,927 BAGS PROVIDED.
OTHER PROGRAM EXPENSES FOR OCCUPANCY OFFICE EXPENSES AND SALARIES
PROGRAMMING EXPENSES - THERE ARE PROGRAMS THAT PROVIDE EMERGENCY HOUSING, MEDICAL AND DENTAL ASSISTANCE, AS WELL AS AID TRANSPORTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Vellotti Executive Director | Officer | 40 | $52,600 |
Charlie Dannel Board Member | Trustee | 2 | $0 |
Loren Hervey Board Member | Trustee | 2 | $0 |
Scott Jasper Treasurer Board Member | OfficerTrustee | 2 | $0 |
Robert Little Secretary | OfficerTrustee | 2 | $0 |
Leigh Ann Della Rosa Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,898 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,662,150 |
| Noncash contributions included in lines 1a–1f | $1,222,617 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,714,048 |
| Total Program Service Revenue | $0 |
| Investment income | $278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,838 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,718,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,600 |
| Compensation of current officers, directors, key employees. | $13,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,508 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,076 |
| Payroll taxes | $9,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,600 |
| Advertising and promotion | $0 |
| Office expenses | $12,973 |
| Information technology | $5,673 |
| Royalties | $0 |
| Occupancy | $91,388 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,451 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,335 |
| Insurance | $1,643 |
| All other expenses | $0 |
| Total functional expenses | $1,632,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,468 |
| Savings and temporary cash investments | $501,462 |
| Pledges and grants receivable | $42,424 |
| Accounts receivable, net | $4,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,710 |
| Net Land, buildings, and equipment | $1,147,231 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,758,698 |
| Accounts payable and accrued expenses | $9,115 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $79,833 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $88,948 |
| Net assets without donor restrictions | $1,519,607 |
| Net assets with donor restrictions | $150,143 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,758,698 |