Lovepacs
- Assets
- $550.7k
- Revenue
- $888.9k
- Investments
- $0.0
- Employees
- 0
- Location
- McKinney, TX
- Founding
- 02/2014
- Data as of
- 06/2021
- EIN
- 46-0765090
Organization Overview
Lovepacs is located in McKinney, TX. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lovepacs 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 06/2021, Lovepacs generated $888.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $395.0k during the year ending 06/2021. While expenses have increased by 16.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOVEPACS ENGAGES COMMUNITIES TO FEED CHILDREN IN NEED AS AN EXPRESSION OF LOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOVEPACS SINGLE PROGRAM'S PURPOSE IS TO HELP MITIGATE THE NEGATIVE IMPACT THAT INADEQUATE NUTRITION HAS ON THE HEALTH AND WELL-BEING OF CHILDREN AND THEIR ABILITY TO LEARN BY PROVIDING NUTRITIONALLY BALANCED, CHILD- FRIENDLY FOOD ITEMS ON THE EXTENDED BREAKS WHEN SCHOOL IS NOT IN SESSION AND THEY ARE UNABLE TO ACCESS SCHOOL PROVIDED MEALS. EXTENDED BREAKS INCLUDE SUMMERS, HOLIDAYS, SPRING BREAK AND EXTENDED SCHOOL CLOSURES DURING THE COVID-19 OUTBREAK. FOOD IS SENT HOME IN MARKED BOXES DURING THE BREAK TO PROVIDE NURISHMENT FOR THE EXTENDED BREAK. DURING THE 2020-2021 SCHOOL YEAR, LOVEPACS SERVED OVER 584,000 MEALS TO OVER 4,514 CHILDREN IN 195 PUBLIC SCHOOLS IN THE STATE OF TEXAS DURING THE SCHOOL YEAR AND SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Dunn Secretary | OfficerTrustee | 1 | $0 |
Jennifer Paine President | OfficerTrustee | 6 | $0 |
Whitney Bendel Treasurer | OfficerTrustee | 4 | $0 |
Treasa Bowers Vice President | OfficerTrustee | 2 | $0 |
Clay Kirby Community Relations | OfficerTrustee | 2 | $0 |
John Paine Associate 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 | $888,875 |
| Noncash contributions included in lines 1a–1f | $404,669 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $888,875 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $888,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $168,945 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $31,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,385 |
| Office expenses | $17,605 |
| Information technology | $11,684 |
| Royalties | $0 |
| Occupancy | $103,374 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $426 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,049 |
| All other expenses | $0 |
| Total functional expenses | $395,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $534,335 |
| 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 | $16,090 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $259 |
| Total assets | $550,684 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $550,684 |
| 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 | $550,684 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lovepacs has recieved totaling $60,290.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $26,324 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $15,250 |
Life Community Enrichment Inc Plano, TX PURPOSE: Assist those facing food insecurity | $10,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,025 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $639 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $552 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Social Service Of The South Inc Austin, TX | $61,046,286 | $96,832,412 |
El Centro Del Barrio Inc San Antonio, TX | $91,252,083 | $101,246,096 |
Community Action Project Of Tulsa County Inc Tulsa, OK | $75,774,694 | $60,674,476 |
St Hope Foundation Inc Houston, TX | $24,463,545 | $68,716,621 |
South Plains Community Action Association Inc Levelland, TX | $29,457,762 | $62,394,779 |
Community Action Corporation Of South Texas Alice, TX | $17,286,971 | $61,888,354 |
Catholic Charities Of Dallas Inc Dallas, TX | $38,189,744 | $60,557,267 |
Goodwill Industries Of San Antonio Contract Services San Antonio, TX | $23,203,084 | $40,622,954 |
Texas Pregnancy Care Network Austin, TX | $10,724,863 | $36,961,915 |
West Texas Opportunities Lamesa, TX | $6,432,231 | $36,739,532 |
Catholic Charities Diocese Of Fort Worth Fort Worth, TX | $33,220,571 | $32,415,025 |
Louisiana United Methodist Children And Family Services Inc Ruston, LA | $89,566,145 | $35,567,717 |