Magpies And Peacocks Inc
- Assets
- $79.0k
- Revenue
- $308.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Houston, TX
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 45-4665467
Organization Overview
Magpies And Peacocks Inc is located in Houston, TX. The organization was established in 2012. 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, Magpies And Peacocks Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magpies And Peacocks 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, Magpies And Peacocks Inc generated $308.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $361.0k during the year ending 12/2023. While expenses have increased by 33.9% per year over the past 5 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
COLLECTION AND SUSTAINABLE REUSE OF POST-CONSUMER CLOTHING, SCRAP TEXTILES AND ACCESSORIES DIVERTED FROM LANDFILL IN ORDER TO DISRUPT THE CYCLE OF WASTE IN THE FASHION INDUSTRY AND MITIGATE ITS ENORMOUS ENVIRONMENTAL AND SOCIAL IMPACT.PRODUCTS, A RESOURCE LIBRARY, EDUCATION, AND BUILDING OF SKILLS ARE CREATED AND ENHANCED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENVIRONMENTAL IMPACT - DIVERTING 15-20 TONS OF TEXTILES ANNUALLY FROM THE LANDFILL/WASTE STREAM IN ORDER TO MITIGATE THE ENVIRONMENTAL IMPACT OF THE GARMENT INDUSTRY. COLLECTING, CURATING AND CREATING NEW PRODUCTS FROM THE HARVESTED MATERIAL USING A LOCAL WORKFORCE. 5,000+
SOCIAL IMPACT - AS PART OF OUR UPSKILLING PROGRAM, THE MAKR COLLECTIVE IS OUR FORMAL TRAINING PROGRAM PROVIDING SURVIVORS OF HUMAN TRAFFICKING, DOMESTIC VIOLENCE AND OTHER TRAUMAS WITH TOOLS AND SKILLS TO HELP THEM BECOME SUCCESSFUL INDEPENDENT GARMENT MAKERS, BUSINESS ENTREPRENEURS OR ATTAIN GAINFUL EMPLOYMENT. 14+
EDUCATIONAL IMPACT - WITH INSTITUTIONS OPERATING REMOTELY FOR MOST OF THE YEAR, ON LOCATION WORKSHOPS, CLASSES AND PRESENTATIONS FOR SCHOOL AND COLLEGE AGE DESIGN STUDENTS WERE GREATLY REDUCED. WE WERE ABLE TO CONTINUE WORKING VIA ZOOM ON THE ADVISORY BOARD WITH HOUSTON COMMUNITY COLLEGE FASHION DEPARTMENT AND CONTINUED TO PIVOT IN HOUSE RESIDENCIES TO REMOTE COLLABORATIONS IN ORDER TO CONTINUE TO DEVELOP AND PROMOTE SUSTAINABLE ART/DESIGN SKILLS. 300+
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Smith Sarah-Jayne President | OfficerTrustee | 55 | $3,450 |
Berry Ahshia Vice-President, Secretary | OfficerTrustee | 55 | $22,825 |
Boyd Giovanna Secretary | OfficerTrustee | 3 | $0 |
Moffett Debbie Treasurer | OfficerTrustee | 3 | $0 |
Lundquist Faust Tena Board Member | Trustee | 3 | $0 |
Lundquist Tama Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $100,760 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $162,938 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,698 |
| Total Program Service Revenue | $90,730 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$47,471 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,677 |
| 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. | $26,275 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,958 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $113 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,653 |
| Office expenses | $12,679 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,913 |
| Travel | $3,101 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,494 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,329 |
| Insurance | $550 |
| All other expenses | $47,703 |
| Total functional expenses | $361,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,791 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $51,175 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $78,966 |
| Accounts payable and accrued expenses | $39,748 |
| 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 | $75,640 |
| Other liabilities | $0 |
| Total liabilities | $115,388 |
| Net assets without donor restrictions | $0 |
| 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 | -$36,422 |
| Total liabilities and net assets/fund balances | $78,966 |