Embrace Waiting Children Inc
- Assets
- $1.4m
- Revenue
- $576.0k
- Investments
- $0.0
- Employees
- 6
- Location
- McKinney, TX
- Founding
- 06/2010
- Data as of
- 12/2023
- EIN
- 27-0946206
Organization Overview
Embrace Waiting Children Inc is located in McKinney, TX. The organization was established in 2010. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Embrace Waiting Children Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Embrace Waiting Children Inc 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 12/2023, Embrace Waiting Children Inc generated $576.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $537.5k during the year ending 12/2023. While expenses have increased by 10.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT WILLING HANDS WITH OPPORTUNITIES TO SERVE CHILDREN IN FOSTER, ADOPTIVE, OR KINSHIP CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMBRACE PROUDLY SERVES FOSTER AND ADOPTIVE FAMILIES LICENSED WITH ANY CHILD PLACING AGENCY, AT-RISK CHILDREN AND THEIR CAREGIVERS, KINSHIP CARE PROVIDERS, AND FOSTER CARE ALUMNI ACROSS NORTH TEXAS. A MAJORITY OF OUR CLIENTS ARE LOW-INCOME CHILDREN AND FAMILIES, AND THEIR CAREGIVERS. MOST OF OUR SERVICES AND PROGRAMS ARE PROVIDED AT NO-COST, LOW-COST, OR WITH THE POSSIBILITY OF SCHOLARSHIP BASED ON NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Trotter President | Officer | 2 | $0 |
Beverly Woodson Vice President | Officer | 2 | $0 |
Lashon Ross Secretary | Officer | 2 | $0 |
Brett Long Treasurer | Officer | 2 | $0 |
Virginia Barrett Member | Trustee | 2 | $0 |
Susan Etheridge Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $334,738 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $334,738 |
| Total Program Service Revenue | $31,540 |
| Investment income | $18,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $160,760 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $576,000 |
| 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. | $83,863 |
| Compensation of current officers, directors, key employees. | $8,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,463 |
| Payroll taxes | $22,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,677 |
| Office expenses | $2,256 |
| Information technology | $825 |
| Royalties | $0 |
| Occupancy | $8,770 |
| Travel | $4,565 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $155 |
| Interest | $24,678 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,902 |
| Insurance | $7,863 |
| All other expenses | $42,673 |
| Total functional expenses | $537,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,443 |
| Savings and temporary cash investments | $261,323 |
| Pledges and grants receivable | $24,000 |
| Accounts receivable, net | $0 |
| 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 | $10,247 |
| Net Land, buildings, and equipment | $821,558 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,413,571 |
| Accounts payable and accrued expenses | $38,283 |
| Grants payable | $0 |
| Deferred revenue | $27,828 |
| 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 | $574,102 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $640,213 |
| Net assets without donor restrictions | $773,358 |
| Net assets with donor restrictions | $0 |
| 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 | $1,413,571 |