Srs Raise The Roof Foundation Inc
- Assets
- $12.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Mckinney, TX
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-1004477
Organization Overview
Srs Raise The Roof Foundation Inc 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. Srs Raise The Roof Foundation 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 12/2022, Srs Raise The Roof Foundation Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 16.0% 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.
Since 2015, Srs Raise The Roof Foundation Inc has awarded 114 individual grants totaling $6,392,680. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION AND PURPOSE OF THE CORPORATION IS TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE 1986, AS AMENDED (THE "IRC), AND THE TEXAS TAX CODE SECTION 11.18, AND ALSO TO PERPETUATE THE ABOUVE PURPOSES IN THE EVENT OF DISSOLUTION BY DISTRIBUTING ANY AND ALL ASSETS TO AN ELIGIBLE ORGANIZATION OR ELIGIBLE ORGANIZATIONS. THE SPECIFIC PURPOSES OF THE CORPORATION ARE THE ENHANCMENT OF THE COMMUNITIES IN WHICH SRS DISTRIBUTION INC OPERATES, THROUGH THE ORGANIZED SOLICITATION AND COLLECTION FOR DISTRIBUTIONS THROUGH GIFTS AND GRANTS TO, AND AGREEMENTS WITH, ELIGIBLE ORGANIZATIONS THAT PROVIDE DIRECT HUMAN, HEALTH, AND WELFARE SERVICES. FOR PURPOSES OF THE SECTION 1.6 "ELIGIBLE ORGANIZATION- OR "ELIGIBLE ORGANIZATIONS" SHALL REFER TO AN ORGANIZATION OR ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXATION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC, OR AS A CORPORATION CONTRIBUTIONS T
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION AND PURPOSE OF THE CORPORATION IS TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE 1986, AS AMENDED (THE "IRC), AND THE TEXAS TAX CODE SECTION 11.18, AND ALSO TO PERPETUATE THE ABOUVE PURPOSES IN THE EVENT OF DISSOLUTION BY DISTRIBUTING ANY AND ALL ASSETS TO AN ELIGIBLE ORGANIZATION OR ELIGIBLE ORGANIZATIONS. THE SPECIFIC PURPOSES OF THE CORPORATION ARE THE ENHANCMENT OF THE COMMUNITIES IN WHICH SRS DISTRIBUTION INC OPERATES, THROUGH THE ORGANIZED SOLICITATION AND COLLECTION FOR DISTRIBUTIONS THROUGH GIFTS AND GRANTS TO, AND AGREEMENTS WITH, ELIGIBLE ORGANIZATIONS THAT PROVIDE DIRECT HUMAN, HEALTH, AND WELFARE SERVICES. FOR PURPOSES OF THE SECTION 1.6 "ELIGIBLE ORGANIZATION- OR "ELIGIBLE ORGANIZATIONS" SHALL REFER TO AN ORGANIZATION OR ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXATION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC, OR AS A CORPORATION CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTION 170(A)(1) OF THE IRC BY VIRTUE OF BEING CHARITABLE CONTRIBUTIONS AS DEFINED IN SECTION 170(C)(2) OF THE IRC.
THE MISSION AND PURPOSE OF THE CORPORATION IS TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE 1986, AS AMENDED (THE "IRC), AND THE TEXAS TAX CODE SECTION 11.18, AND ALSO TO PERPETUATE THE ABOUVE PURPOSES IN THE EVENT OF DISSOLUTION BY DISTRIBUTING ANY AND ALL ASSETS TO AN ELIGIBLE ORGANIZATION OR ELIGIBLE ORGANIZATIONS. THE SPECIFIC PURPOSES OF THE CORPORATION ARE THE ENHANCMENT OF THE COMMUNITIES IN WHICH SRS DISTRIBUTION INC OPERATES, THROUGH THE ORGANIZED SOLICITATION AND COLLECTION FOR DISTRIBUTIONS THROUGH GIFTS AND GRANTS TO, AND AGREEMENTS WITH, ELIGIBLE ORGANIZATIONS THAT PROVIDE DIRECT HUMAN, HEALTH, AND WELFARE SERVICES. FOR PURPOSES OF THE SECTION 1.6 "ELIGIBLE ORGANIZATION- OR "ELIGIBLE ORGANIZATIONS" SHALL REFER TO AN ORGANIZATION OR ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXATION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC, OR AS A CORPORATION CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTION 170(A)(1) OF THE IRC BY VIRTUE OF BEING CHARITABLE CONTRIBUTIONS AS DEFINED IN SECTION 170(C)(2) OF THE IRC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mikell Bollinger Executive Di | Officer | 40 | $88,367 |
Carrie David Board Member | Trustee | 2 | $0 |
Gary Swan Board Member | Trustee | 2 | $0 |
Sonya Wells Board Member | Trustee | 2 | $0 |
Paul Whelan Board Member | Trustee | 2 | $0 |
John Davis Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $773,367 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $233,743 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,007,110 |
| Total Program Service Revenue | $1,156,420 |
| Investment income | $230 |
| 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 | $2,163,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,263,500 |
| 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 | $88,367 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,028 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $319,216 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,681,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,396,203 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,324,335 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,248,457 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,968,995 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $125,000 |
| 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 | $125,000 |
| Net assets without donor restrictions | $923,211 |
| Net assets with donor restrictions | $10,920,784 |
| 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 | $11,968,995 |
Grants Awarded
Over the last fiscal year, Srs Raise The Roof Foundation Inc has awarded $1,255,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
CARRY THE LOADCARRY THE LOAD PURPOSE: CHARITABLE | $25,000 |
CANINE COMPANIONSCANINE COMPANIONS PURPOSE: CHARITABLE | $25,000 |
CHILDRENS MEDICAL CENTER FOUNDATIONCHILDREN'S MEDICAL CENTER FOUNDATIO PURPOSE: CHARITABLE | $50,000 |
CHILDREN'S ADVOCACY CENTERCHILDREN'S ADVOCACY CENTER PURPOSE: CHARITABLE | $50,000 |
FOLDS OF HONORFOLDS OF HONOR PURPOSE: CHARITABLE | $40,000 |
CASA OF COLLIN COCASA OF COLLIN CO PURPOSE: CHARITABLE | $110,000 |