The Storehouse Of Collin County
- Assets
- $1.9m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 27
- Location
- Plano, TX
- Founding
- 05/2010
- Data as of
- 06/2023
- 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 06/2023, Storehouse Of Collin County employed 27 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 06/2023, Storehouse Of Collin County generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.2% each year . All expenses for the organization totaled $10.6m during the year ending 06/2023. While expenses have increased by 31.4% per year over the past 6 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
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 FY23, (JULY 1, 2022 JUNE 30, 2023) 3,706,838 MEALS WERE SERVED TO 270,605 ADULTS, CHILDREN AND SENIORS RESIDING IN AND NEAR DALLAS, COLLIN, DENTON, AND OTHER SURROUNDING COUNTIES.
OUR JOSEPHS COAT CLOTHING CLOSET DISTRIBUTES NEW AND GENTLY USED CLOTHING TO OUR CLIENTS, WHOM WE CALL NEIGHBORS. IN FY23, 86,891 ITEMS OF CLOTHING WERE DISTRIBUTED TO 3,460 HOUSEHOLDS.
PROJECT HOPE SERVES OUR NEIGHBORS WITH TRANSFORMATIONAL ASSISTANCE. THIS PROGRAM PROVIDES REFERRALS TO OTHER SOCIAL SERVICES AGENCIES TO NEIGHBORS WHO DESIRE A SAFE AND SUSTAINABLE QUALITY OF LIFE. PROJECT HOPE PROVIDED SERVICES TO 2,142 NEIGHBORS WHO NEED HELP BEYOND FOOD AND CLOTHING IN FY23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Morton COO | 40 | $117,738 | |
Candace Winslow CEO | Officer | 40 | $107,500 |
Peggy Neill Director | Trustee | 1 | $0 |
Dave Murashige Director | OfficerTrustee | 1 | $0 |
Vicky Dearing Director | Trustee | 1 | $0 |
Forrest Pool Treasurer | OfficerTrustee | 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 | $10,489,431 |
| Noncash contributions included in lines 1a–1f | $8,493,252 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,489,431 |
| Total Program Service Revenue | $0 |
| Investment income | $48,727 |
| 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 | $10,538,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,067 |
| Grants and other assistance to domestic individuals. | $8,679,585 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,500 |
| Compensation of current officers, directors, key employees. | $8,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $969,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $245,919 |
| Payroll taxes | $79,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125 |
| Fees for services: Accounting | $89,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198,576 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,675 |
| 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 | $15,408 |
| Insurance | $15,310 |
| All other expenses | $0 |
| Total functional expenses | $10,609,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,483 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $90,327 |
| 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 | $242,826 |
| Prepaid expenses and deferred charges | $9,898 |
| Net Land, buildings, and equipment | $42,895 |
| Investments—publicly traded securities | $1,037,423 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,873,852 |
| Accounts payable and accrued expenses | $201,930 |
| 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 | $5,525 |
| Total liabilities | $207,455 |
| Net assets without donor restrictions | $1,576,840 |
| Net assets with donor restrictions | $89,557 |
| 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 | $1,873,852 |
Grants Awarded
Over the last fiscal year, The Storehouse Of Collin County has awarded $21,008 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASPIRE PURPOSE: TEACHING MATERIALS | $9,372 |
THE CENTER FOR INT COUNSEL PURPOSE: PROJECT HOPE | $11,636 |