Caritas Of Waco
- Assets
- $6.5m
- Revenue
- $16.3m
- Investments
- $0.0
- Employees
- 54
- Location
- Waco, TX
- Founding
- 07/1984
- Data as of
- 12/2021
- EIN
- 74-1711575
Organization Overview
Caritas Of Waco is located in Waco, TX. The organization was established in 1984. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Caritas Of Waco employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caritas Of Waco 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 12/2021, Caritas Of Waco generated $16.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $15.5m during the year ending 12/2021. 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
TO PROVIDE URGENT SUPPORT TO PEOPLE IN NEED IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSEHOLD PRODUCTS DISTRIBUTION:CARITAS HAS AN ESTABLISHED PARTNERSHIP WITH THE WAL-MART RETURN CENTER IN WACO. THROUGH THIS ARRANGEMENT, CARITAS RECEIVES ITEMS RETURNED TO WAL-MART (ITEMS WHICH SUPPLIERS DID NOT WISH TO RECEIVE BACK) AND DISTRIBUTES THEM TO OTHER CHARITIES AND NON-PROFIT SOCIAL SERVICE ORGANIZATIONS. SUCH ITEMS CONSIST MOSTLY OF PAPER PRODUCTS SUCH AS TOILET PAPER, PAPER TOWELS, AND DIAPERS, AND OTHER HOUSEHOLD PRODUCTS. CARITAS CURRENTLY DISTRIBUTES THESE PRODUCTS TO OVER 200 CHARITABLE ORGANIZATIONS. HUNDREDS OF THOUSANDS OF PEOPLE IN NEED HAVE BENEFITED FROM THIS PROGRAM.
EMERGENCY ASSISTANCE:CARITAS PROVIDES ASSISTANCE WITH FOOD, CLOTHING AND HOUSEHOLD ITEMS, PRESCRIPTION MEDICATIONS, UTILITIES, RENT AND MORTGAGE ASSISTANCE, TRANSPORTATION, AND LODGING ON AN EMERGENCY BASIS TO PEOPLE IN NEED. THE LARGEST AMOUNT OF SUCH ASSISTANCE IS FOR FOOD WITH CARITAS AIDING AN AVERAGE OF 2500 FAMILIES A MONTH WITH THIS SERVICE.
THRIFT STORES:CARITAS OPERATES TWO RESALE STORES IN THE WACO AREA. THESE STORES PROVIDE CLOTHING AND OTHER ITEMS FREE OF CHARGE UPON REFERRAL FROM CARITAS INTERVIEWERS AND VERY REASONABLY PRICED, QUALITY CLOTHING AND OTHER HOUSEHOLD ITEMS TO PERSONS WHO OTHERWISE WOULD NOT HAVE ACCESS TO THESE ARTICLES BECAUSE OF THEIR ECONOMIC STATUS. THE STORES ALSO OFFER EMPLOYMENT FOR INDIVIDUALS DESIROUS OF WORKING IN A SERVICE ORIENTED, NON-PROFIT SETTING. THE STORES SELL DONATED MERCHANDISE ONLY.
SNAP OUTREACH AND CASE MANAGEMENT PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Owen Co-Executive Director | Officer | 40 | $72,000 |
Alicia Jallah Co-Executive Director | Officer | 40 | $72,000 |
Angela Ragan Vice President | OfficerTrustee | 1 | $0 |
Rene Clay Secretary | OfficerTrustee | 1 | $0 |
Cynthia Wood President | OfficerTrustee | 1 | $0 |
Gary Boyd Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $199,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,258,571 |
| Noncash contributions included in lines 1a–1f | $13,261,487 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,457,571 |
| Total Program Service Revenue | $601,318 |
| Investment income | $45,718 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $101,588 |
| Net Income from Fundraising Events | $84,675 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,290,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,081,905 |
| Grants and other assistance to domestic individuals. | $606,875 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,000 |
| Compensation of current officers, directors, key employees. | $144,000 |
| Compensation to disqualified persons | $784,992 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $82,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,992 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,994 |
| Advertising and promotion | $1,679 |
| Office expenses | $89,586 |
| Information technology | $9,904 |
| Royalties | $0 |
| Occupancy | $257,971 |
| Travel | $39,604 |
| 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 | $112,112 |
| Insurance | $65,451 |
| All other expenses | $0 |
| Total functional expenses | $15,463,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,346,318 |
| Savings and temporary cash investments | $169,829 |
| Pledges and grants receivable | $19,210 |
| Accounts receivable, net | $2,478 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $552,918 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,798,639 |
| Investments—publicly traded securities | $653,503 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,915,757 |
| Total assets | $6,458,652 |
| Accounts payable and accrued expenses | $11,300 |
| Grants payable | $0 |
| Deferred revenue | $27,118 |
| 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 | $38,418 |
| Net assets without donor restrictions | $6,218,221 |
| Net assets with donor restrictions | $202,013 |
| 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 | $6,458,652 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Caritas Of Waco has recieved totaling $51,000.
| Awarding Organization | Amount |
|---|---|
Beaumont Foundation Of America Beaumont, TX | | $50,000 |
Mcclane Brown Family Foundation Waco, TX PURPOSE: CHARITABLE | $1,000 |
Endowment Analysis
| Beg. Balance | $1,761,365 |
| Earnings | $252,112 |
| Admin Expense | $10,269 |
| Grants | $87,451 |
| Ending Balance | $1,915,757 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sharing Life Community Outreach Inc Mesquite, TX | $2,053,373 | $25,973,083 |
Food Bank Of Northeast Arkansas Jonesboro, AR | $15,669,571 | $22,965,303 |
Arvac Inc Dardanelle, AR | $9,742,148 | $20,926,071 |
Galveston County Food Bank Texas City, TX | $6,843,848 | $17,758,776 |
Caritas Of Waco Waco, TX | $6,458,652 | $16,290,870 |
Metrocrest Services Farmers Branch, TX | $16,311,455 | $22,147,837 |
Memorial Assistance Ministries Inc Houston, TX | $12,620,656 | $8,704,582 |
Healthcare For The Homeless-Houston Houston, TX | $9,738,330 | $7,057,693 |
Cornerstone Assistance Network Inc Fort Worth, TX | $6,473,488 | $6,928,385 |
Goodness Outreach Depot Haslet, TX | $63,576 | $5,040,175 |
Reach Out America Intnl Inc League City, TX | $82,428 | $5,177,951 |
Humble Area Assistance Ministries Humble, TX | $3,384,410 | $5,119,606 |