Waco Shepherds Heart Inc
- Assets
- $1.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 32
- Location
- Waco, TX
- Founding
- 09/2010
- Data as of
- 12/2023
- EIN
- 80-0556831
Organization Overview
Waco Shepherds Heart Inc is located in Waco, TX. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Waco Shepherds Heart Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waco Shepherds Heart 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 12/2023, Waco Shepherds Heart Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 12.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE FEED, CLOTHE, EMPOWER AND ADVOCATE FOR FAMILIES IN NEED THROUGHOUT OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED 95,474 FAMILIES; ASSISTED WITH OVER 3.7 MILLION LBS OF FOOD PLUS HOUSEHOLD ITEMS. DELIVERED GROCERIES TO 1,100 HOMEBOUND SENIORS TWICE A MONTH. PROVIDED CHRISTMAS TO 2,436 HOMELESS CHILDREN. RESALE STORE TO ASSIST FAMILIES. CLOTHING AND MERCHANDISE WORTH 10,000 PLUS DISTRIBUTED AT NO COST TO FAMILIES IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Gager Board Chair | Officer | 50 | $32,175 |
Javier Covas Director | Trustee | 1 | $0 |
Kevin Cunningham Secretary | OfficerTrustee | 1 | $0 |
Darrell Helton Director | Trustee | 1 | $0 |
Diane Mccutcheon Director | Trustee | 4 | $0 |
Jason Reinke Treasurer | OfficerTrustee | 1 | $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 | $2,473,755 |
| Noncash contributions included in lines 1a–1f | $1,904,603 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,473,755 |
| Total Program Service Revenue | $0 |
| Investment income | $632 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,491 |
| Net Gain/Loss on Asset Sales | $600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $283,454 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,786,932 |
| 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. | $32,175 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $327,506 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,379 |
| Advertising and promotion | $33,520 |
| Office expenses | $22,923 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,834 |
| Travel | $102 |
| 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 | $38,501 |
| Insurance | $22,022 |
| All other expenses | $75,589 |
| Total functional expenses | $2,660,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,771 |
| 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 | $184,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $900,695 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,468 |
| Total assets | $1,319,934 |
| Accounts payable and accrued expenses | $3,698 |
| 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 | $700,078 |
| Other liabilities | $0 |
| Total liabilities | $703,776 |
| Net assets without donor restrictions | $616,158 |
| Net assets with donor restrictions | $0 |
| 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 | $1,319,934 |