Sharing Life Community Outreach Inc
- Assets
- $9.3m
- Revenue
- $31.8m
- Investments
- $0.0
- Employees
- 29
- Location
- Mesquite, TX
- Founding
- 08/2000
- Data as of
- 09/2023
- EIN
- 75-2831756
Organization Overview
Sharing Life Community Outreach Inc is located in Mesquite, TX. The organization was established in 2000. 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 09/2023, Sharing Life Community Outreach Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharing Life Community Outreach 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 09/2023, Sharing Life Community Outreach Inc generated $31.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $25.8m during the year ending 09/2023. While expenses have increased by 28.2% per year over the past 8 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
SHARING LIFE COMMUNITY OUTREACHS MISSION IS TO END HUNGER AND POVERTY BY PROVIDING FOOD, CLOTHING, FINANCIAL RESOURCES, AND EDUCATIONAL PROGRAMS TO THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH BASIC CLIENT SERVICES, SHARING LIFE PROVIDES EMERGENCY ASSISTANCE, FOOD, CLOTHING AND HOUSEHOLD ITEMS. THESE SERVICES ARE PROVIDED THROUGH A FOOD PANTRY, CLOTHES CLOSET,AND RESOURCE CENTER. SHARING LIFE DISTRIBUTES FOOD TO OTHER PANTRIES THROUGH THE PILOT NORTH TEXAS FOOD BANK HUB LOCATION LOCATED AT SHARING LIFE. THE FINANCIAL EMPOWERMENT CENTER OFFERS WORKFORCE DEVELOPMENT TRAINING, JOB SKILLS TRAINING, FINANCIAL ASSISTANCE, PLUS FINANCIAL COACHING AND EDUCATION.APPROXIMATELY 11.8 MILLION POUNDS OF FOOD WAS PROVIDED BY SHARING LIFE.SHARING LIFE ASSISTED APPROXIMATELY 2,500 CLIENTS THROUGH ITS BACK TO SCHOOL, CHRISTMAS FAIRE AND SUMMER LUNCH PROGRAMS. 53 CLIENTS RECEIVED SERVICES THROUGH THE FINANCIAL EMPOWERMENT CENTER AND 425 CLIENTS RECEIVED FINANCIAL COACHING.
THE ORGANIZATION RECEIVES RESTRICTED GRANT FUNDS FROM ATMOS AND TXU ENERGY AID IN ORDER TO PROVIDE UTILITY ASSISTANCE TO ITS CLIENTS THROUGH THE CLIENT ASSISTANCE PROGRAM. THE ORGANIZATION ASSISTED APPROXIMATELY 693 CLIENTS WITH UTILITY ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Jackson Executive Director | Officer | 40 | $115,000 |
Shinny Daniel Director | Trustee | 0 | $0 |
Brenda Rowe Director | Trustee | 1 | $0 |
Daniel Norwood Director | Trustee | 0 | $0 |
Danny Mack Director | Trustee | 1 | $0 |
Fernando Rojas Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,234,319 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,927,964 |
| Noncash contributions included in lines 1a–1f | $23,202,957 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,162,283 |
| Total Program Service Revenue | $532,850 |
| Investment income | $17,991 |
| 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 | $31,822,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,122,620 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,000 |
| Compensation of current officers, directors, key employees. | $3,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,057,815 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,111 |
| Payroll taxes | $87,954 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,362 |
| Advertising and promotion | $0 |
| Office expenses | $34,482 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,800 |
| Travel | $23,281 |
| 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 | $61,957 |
| Insurance | $23,353 |
| All other expenses | $41,410 |
| Total functional expenses | $25,757,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,418,386 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,564,359 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $549,044 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,644,067 |
| Investments—publicly traded securities | $64,725 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,442 |
| Total assets | $9,255,023 |
| Accounts payable and accrued expenses | $795,769 |
| Grants payable | $12,738 |
| 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 | $54,630 |
| Total liabilities | $863,137 |
| Net assets without donor restrictions | $2,536,970 |
| Net assets with donor restrictions | $5,854,916 |
| 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 | $9,255,023 |