The Storehouse Of Collin County
- Assets
- $1.9m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Plano, TX
- Founding
- 05/2010
- Data as of
- 06/2022
- EIN
- 27-1883333
Organization Overview
The Storehouse Of Collin County is located in Plano, TX. The organization was established in 2010. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Storehouse Of Collin County employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storehouse Of Collin County 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 06/2022, Storehouse Of Collin County generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $8.2m during the year ending 06/2022. While expenses have increased by 32.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE STOREHOUSE OF COLLIN COUNTY IS TO FEED, CLOTHE AND CARE AS NEIGHBORS IN ONE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR SEVEN LOAVES FOOD PANTRY PROVIDES ASSISTANCE TO INDIVIDUALS AND FAMILIES IN NEED BASED ON THE EMERGENCY FOOD ASSISTANCE PROGRAM (TEFAP) GUIDELINES. IN FY22, (JULY 1, 2021 JUNE 30, 2022) 2,848,488 MEALS WERE SERVED TO 177,122 ADULTS, CHILDREN AND SENIORS RESIDING IN AND NEAR COLLIN COUNTY.
OUR JOSEPHS COAT CLOTHING CLOSET DISTRIBUTES NEW AND GENTLY USED CLOTHING AND HOUSEHOLD GOODS TO NEIGHBORS. IN FY22, 51,527 ITEMS OF CLOTHING WERE DISTRIBUTED TO 1,647 FAMILIES, WHICH COMPLRISE 7,473 INDIVIDUAL CLIENTS, WHICH WE CALL NEIGHBORS.
PROJECT HOPE SERVES OUR NEIGHBORS WITH TRANSFORMATIONAL ASSISTANCE. PROJECT HOPES FOCUS IS TO CARE FOR INDIVIDUALS THROUGH TRANSFORMATIVE RELATIONSHIPS GROUNDED IN EMPOWERMENT AND INSTILL HOPE. THE PROGRAM FOCUSES ON SEVERAL LIFE ASPECTS INCLUDING FAMILY, EDUCATION, CAREER, BUDGET, HEALTH AND COUNSELING AND PROVIDED SERVICES TO 1,962 NEIGHBORS IN FY22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace Winslow Executive Dir. | Officer | 40 | $80,000 |
Dave Murashige Director | OfficerTrustee | 1 | $0 |
Forrest Pool Treasurer | OfficerTrustee | 1 | $0 |
Michele Thatcher Chairman | OfficerTrustee | 1 | $0 |
Peggy Neill From 522 Director | Trustee | 1 | $0 |
Vicky Dearing Director | Trustee | 1 | $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 | $8,316,020 |
| Noncash contributions included in lines 1a–1f | $6,760,745 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,316,020 |
| Total Program Service Revenue | $0 |
| Investment income | $3,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,320,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $385,163 |
| Grants and other assistance to domestic individuals. | $6,491,863 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation of current officers, directors, key employees. | $6,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $667,399 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $130,396 |
| Payroll taxes | $54,261 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $93,612 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,055 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,708 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,402 |
| Insurance | $21,239 |
| All other expenses | $0 |
| Total functional expenses | $8,186,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,144,223 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $164,688 |
| Prepaid expenses and deferred charges | $2,290 |
| Net Land, buildings, and equipment | $58,303 |
| Investments—publicly traded securities | $490,140 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,859,644 |
| Accounts payable and accrued expenses | $122,057 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $122,057 |
| Net assets without donor restrictions | $1,630,936 |
| Net assets with donor restrictions | $106,651 |
| 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 | $1,859,644 |
Grants Awarded
Over the last fiscal year, The Storehouse Of Collin County has awarded $379,998 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY PURPOSE: GENERAL SUPPORT | $364,276 |
Dallas, TX PURPOSE: GENERAL SUPPORT | $8,652 |
SALVATION ARMY PURPOSE: GENERAL SUPPORT | $7,070 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Storehouse Of Collin County has recieved totaling $112,400.
| Awarding Organization | Amount |
|---|---|
Heilmeier-Jarvie Family Foundation Inc Plano, TX PURPOSE: SUPPORT THE MISSIONS OF THE STOREHOUSE | $112,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shackelford County Community Resource Center Albany, TX | $11,853,195 | $12,344,283 |
La Salle Community Action Association Inc Harrisonburg, LA | $1,891,587 | $9,621,050 |
Bridgeland Council Inc Katy, TX | $7,051,628 | $7,069,356 |
The Storehouse Of Collin County Plano, TX | $1,859,644 | $8,320,064 |
Texas Rural Water Association Austin, TX | $6,862,352 | $6,774,519 |
Oklahoma Rural Water Association Inc Oklahoma City, OK | $5,870,301 | $4,941,882 |
Louisiana Rural Water Association Inc Kinder, LA | $1,953,034 | $3,261,725 |
Empower Texans Foundation Leander, TX | $640,857 | $3,084,830 |
Plymouth Village Trust Beaumont, TX | $846,212 | $1,745,099 |
River Plantation Community Improve Ment Association Conroe, TX | $1,039,648 | $1,543,106 |
Gprmc Holdings Inc Elk City, OK | $33,828,668 | $1,397,897 |
New Mexico Rural Water Users Association Inc Albuquerque, NM | $335,771 | $1,336,004 |