NonprofitsWaco Foundation

Community Foundations

Waco Foundation

WACO, TX

Total revenue

$8.6M

Total expenses

$7.2M

Net assets

$141.5M

Grants received

$11.4M

91 grants

EIN

746054628

Tax year

2023

Mission

As the community foundation serving mclennan county, texas, waco foundation is an independent public charity that stewards philanthropic resources from institutional and individual donors and directs their use for the benefit of community-based charities. The goal of waco foundation is to increase quality of life in the geographic area it serves, mclennan county. Waco foundation devotes the resources in its care to efforts that identify and address the community's greatest needs. Activities are governed by a voluntary, rotating board of trustees comprised of people from the community, which uses it variance power to ensure that the interests of the entire community are the focus of the work and that the work remains relevant over time.

Programs

3 programs

Duncan scholars program: this fund will take the place of the mac college money program and serves as an enhanced effort to increase college completion rates while eliminating student debt. Qualifying students graduating from waco high and university high schools are invited to participate in duncan scholars. Particpants receive one-on-one financial aid and college/career advising, access to emergency assistance fund and full-tuition scholarships for their first and second years at mclennan community college. In addition, students who continue their education through the unviersity center or baylor university are eligible to receive full-tuition for their last two years. During the 2024 tax year, 69 students participated in duncan scholars.

Expenses: $304KGrants: $90K

Organizational mission" program: this fund provides grants and services that promote nonprofit and public sector efforts to address community challenges. Program activities include, but are not limited to: (a) the award of small assistance grants to help nonprofits secure nonprofit management guidance, service or expertise. This includes help from a professional nonprofit consultant, topical trainings (e.g. Fund development, proposal writing) or professional development courses; (b) providing access to field/sector specific educational resources or the delivery of trainings intended to support community oriented problem solving and systems level strategizing (e.g. Meeting facilitation, racial equity)(c) the creation, identification, or sharing (via websites and newsletters) of resources and information on a variety of topics including but not limited to fund development, financial management and sustainability, leadership, best practices in nonprofit management, racial equity. (d) the delivery of a civic/community -oriented leadership skills development program.(e) supporting efforts to address early childhood quality of life factors

Expenses: $693K

This includes all other funds owned and managed by waco foundation 244 designated, donor advised, scholarship, field of interest and discretionary funds.

Expenses: $4.1MGrants: $3.4M

Financials

FY 2023

Revenue

Contributions & grants$5.8M
Program service revenue
Investment income$2.8M
Other revenue$16K
Total revenue$8.6M

Expenses

Grants paid$4.3M
Salaries & benefits$1.2M
Fundraising$52K
Other expenses$1.7M
Total expenses$7.2M
Total assets$142.3M
Net assets$141.5M

People

15 listed

NameRoleCompensation

ASHLEY ALLISON

EXECUTIVE DIRECTOR

Board

$213K

39.9 hrs/wk

VALERIE HOLLAND

DIRECTOR OF FINANCE (APR-AUG)

Board

$56K

37.25 hrs/wk

CHRIS MCSWAIN

VICE CHAIR

Board

2.5 hrs/wk

SOO BATTLE

SECRETARY/TREASURER

Board

2.5 hrs/wk

MIKE BIDWELL

TRUSTEE

Board

2.5 hrs/wk

MONTE HULSE

TRUSTEE

Board

2.5 hrs/wk

KRISTEN MYNAR

TRUSTEE

Board

2.5 hrs/wk

MIKE RAYMOND

TRUSTEE

Board

2.5 hrs/wk

MELLI WICKLIFF

TRUSTEE

Board

2.5 hrs/wk

AARON ZIMMERMAN

TRUSTEE

Board

2.5 hrs/wk

DILLON MEEK

TRUSTEE

Board

2.5 hrs/wk

CHARLES WILLIAMS

TRUSTEE

Board

2.5 hrs/wk

MALCOLM DUNCAN JR

TRUSTEE

Board

2.5 hrs/wk

ISABEL WEEDEN

CFO/COO (JAN - MAR)

Board

37.25 hrs/wk

SHERMAN AYRES

CHAIR

Board

2.5 hrs/wk

Independent contractors

NEUBERGER BERMAN

INVESTMENT MANAGEMENT AND ADVISORY FEES

$276K

Grants received

Showing 91 of 91

FromAmountPurposeYear
$701K
K-12 EDUCATION; POSTSECONDARY EDUCATION; PUBLIC AWARENESS AND ANALYSIS
2024
$150K
Raise Community Voices
2024
$100K
Generational Learning
2024
$100K
CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
2024
$100K
In Support of the Charitable Activities of Waco Foundation's Sponsored Project, Texas Census Institute
2024
$85K
POSTSECONDARY EDUCATION; RESEARCH AND LEARNING OPPORTUNITIES
2024
$75K
In Support of the Charitable Activities of Waco Foundation's Sponsored Project, Philanthropy Advocates
2024
$75K
TEXAS CENSUS INSTITUTE TARRANT COUNTY EXPANSION PROJECT
2024
$40K
MAC SCHOLARSHIPS FOR 3RD & 4TH YEAR STUDENTS
2024
$22K
UNRESTRICTED GENERAL SUPPORT
2024
$11K
General Operating Support
2024
$8K
Membership for 2024
2024
$502K
For grant recipient's exempt purposes
2023
$224K
GENERAL OPERATIONS
2023
$125K
Raise Community Voices
2023
$100K
CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
2023
$100K
In Support of the Charitable Activities of Waco Foundation's Sponsored Project, Texas Census Institute
2023
$50K
CHARITABLE - FOR THE TEXAS RURAL FUNDERS ADMINISTRATIVE FUND
2023
$43K
COMMUNITY OUTREACH
2023
$40K
MAC SCHOLARSHIP PROGRAM
2023
$26K
SUPPORT TEXAS RURAL FUNDERS
2023
$22K
Strengthen Rural Health
2023
$11K
UNRESTRICTED GENERAL SUPPORT
2023
$6K
SUPPORT GENERAL FUND
2023
$5K
GENERAL USE
2023
$5K
DUNCAN SCHOLARS
2023
$4K
for General Operating Support for the Texas Rural Funders Collaborative 2023 Membership Dues
2023
$2K
INSPIRACION
2023
$2.7M
GENERAL SUPPORT
2022
$499K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$125K
Raise Community Voices
2022
$100K
CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
2022
$55K
RACE EQUITY TRAININGS TO COMMUNITY LEADERS
2022
$40K
MAC SCHOLARSHIP PROGRAM
2022
$20K
Texas Rural Funders Website Expansion 2022 & 2023
2022
$10K
Strengthen Rural Health
2022
$10K
TO SUPPORT INSPIRACION EDUCATION INIATIVES
2022
$10K
TO HELP SUPPORT TEXAS RURAL FUNDERS' STRATEGIC PLANNING.
2022
$10K
2022 Texas Rural Funders Collaborative membership dues
2022
$10K
Duncan Scholars Fund
2022
$10K
2022 MEMBERSHIP - TEXAS RURAL FUNDER
2022
$6K
SUPPORT GENERAL FUND
2022
$5K
MAC SCHOLARSHIP FUND
2022
$5K
GENERAL USE
2022
$2K
INSPIRACION
2022
$500
PROGRAM/OPERATING SUPPORT
2022
INSPIRACION FUNDNICK SHELDONSCHOLARSHIP FUND
2022
$1.1M
Establish the Edward Lee Humphreys IV Fund
2021
$266K
GENERAL SUPPORT
2021
$102K
Connected Nation Texas/TRF Broadband Project for Jack & Throckmorton Counties 2021
2021
$44K
SOCIAL MEDIA MARKETING CAMPAIGN TO PROMOTE THE COVID-19 VACCINE
2021
$40K
MAC SCHOLARSHIP PROGRAM
2021
$15K
INSPIRACION FUNDNICK SHELDONSCHOLARSHIP FUND
2021
$9K
GENERAL SUPPORT
2021
$6K
SUPPORT GENERAL FUND
2021
$300K
GENERAL SUPPORT
2020
$231K
2020
$50K
Grant to support non-profit organization activities
2020
$25K
Operating Support
2020
$10K
Strengthen Rural Health
2020
$10K
EMPOWERMENT OFAT-RISK FAMILIESBREAK POVERTY CYCLE
2020
$7K
THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT.
2020
$6K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$5K
MAC SCHOLARSHIP FUND
2020
$5K
GENERAL USE
2020
RETURN OF FUNDS
2020
$178K
GENERAL USE AND/OR SPECIAL FUND/PROJECT
2019
$120K
GENERAL SUPPORT
2019
$51K
SUPPORT FOR THE RACE EQUITY INITIATIVE - YEAR 4
2019
$21K
Grant to support non-profit organization activities
2019
$20K
GENERAL CONTRIBUTION
2019
$770K
GENERAL SUPPORT
2018
$55K
SUPPORT FOR THE RACE EQUITY INITIATIVE - YEAR 3
2018
$12K
THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. NO BENEFITS TO BE RECEIVED FROM THIS GRANT.
2018
$100
CHARITABLE CONTRIBUTION TO PUBLIC CHARITY
2018
RETURNED FUNDS
2018
$50K
General Support
2017
$38K
GENERAL SUPPORT
2017
$4K
Operational support
2017

Funded by

$11.4M from 42 funders · 91 grants · 2017–2024

Wf Assets Inc

$4.1M · 6 grants · 2017–2022

The Fentress Foundation

$1.1M · 2 grants · 2017–2021

Gates Foundation

$785K · 2 grants · 2024

Vanguard Charitable Endowment Program

$505K · 2 grants · 2020–2022

Episcopal Health Foundation

$442K · 6 grants · 2020–2024

New Venture Fund

$300K · 3 grants · 2022–2024

Details

EIN746054628
NTEE codeT310
Subsection03
Ruling date1963-08
Formed1958
Employees17
Volunteers34
WACO FOUNDATION — Mission, Financials & Grants Received | Grantivo