The Parc
- Assets
- $1.3m
- Revenue
- $797.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Amarillo, TX
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-4790841
Organization Overview
The Parc is located in Amarillo, TX. The organization was established in 2014. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Parc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parc 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, Parc generated $797.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $334.3k during the year ending 12/2023. While expenses have increased by 16.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A CARING, RELATIONAL PLACE THAT PROMOTES A SENSE OF SELF-WORTH AND HELPS THE HOMELESS BECOME AWARE OF THEIR POSSIBILITIES
Describe the Organization's Program Activity:
OPERATED A DAYTIME FACILITY FOR THE HOMELESS POPULATION OF AMARILLO, PROVIDING A POSITIVE ENVIRONMENT FOR THE MEMBERS ON A DAILY BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Gooch Executive Di | OfficerTrustee | 40 | $78,815 |
Scott Dillard President | OfficerTrustee | 1 | $0 |
Dillon Dunn Vice Preside | OfficerTrustee | 1 | $0 |
Royce Gooch Secretary | OfficerTrustee | 1 | $0 |
Brittany Cope Director | Trustee | 1 | $0 |
Brittany Raymond Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $723,161 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $759,161 |
| Total Program Service Revenue | $0 |
| Investment income | $16,482 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,046 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,946 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $797,635 |
| 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. | $78,815 |
| Compensation of current officers, directors, key employees. | $11,822 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,953 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,044 |
| Office expenses | $3,062 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,816 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $577 |
| Interest | $529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,466 |
| Insurance | $8,051 |
| All other expenses | $695 |
| Total functional expenses | $334,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,186 |
| Savings and temporary cash investments | $661,861 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $407,331 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,280,378 |
| 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 | $7,476 |
| Total liabilities | $7,476 |
| Net assets without donor restrictions | $980,037 |
| Net assets with donor restrictions | $292,865 |
| 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 | $1,280,378 |