Nonprofit · EIN 42-1364293
WATERLOO COMMUNITY SCHOOLS FOUNDATION
Tax-exempt · WATERLOO, IA 50701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $537,254 | $330,375 | $206,879 | $1,619,797 | $0 | $1,619,797 |
| June 30, 2024 | 990 | $573,982 | $354,876 | $219,106 | $1,496,847 | $146,000 | $1,350,847 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $382,996
- Program service revenue
- $0
- Investment income
- $46,575
- Net gain from sales of assets
- -$10,596
- Net income from fundraising events
- -$8,957
- Other revenue
- $107,683
Expenses
- Grants and similar amounts paid
- $121,707
- Compensation of officers, directors and key employees
- $85,235
- Other salaries and wages
- $53,130
- Salaries, compensation and benefits (total)
- $149,749
- Professional fundraising fees
- $0
- Legal fees
- $800
- Accounting fees
- $13,235
- Travel
- $1,051
- Program services (functional)
- $143,556
- Management and general (functional)
- $64,047
- Fundraising (functional)
- $122,772
Balance sheet and other
- Total assets, start of year
- $1,496,847
- Total assets, end of year
- $1,619,797
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,619,797
- Publicly traded securities
- $1,566,555
- Net assets without donor restrictions
- $104,849
- Net assets with donor restrictions
- $1,514,948
- Gross receipts
- $757,102
- Employees
- 2
- Volunteers
- 52
- Year formed
- 1989
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HANNAH LUCE | EXECUTIVE DIRECTOR Officer | 40 | $71,942 | $9,679 |
| ADIJAN ABDIC | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| SHANTE WALLICAN-NESBIT | PAST PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| KINON O'NEAL | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| AMELA CEJVANOVIC | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JILLIAN RUTLEDGE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANNA CAUGHRON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JAY KOWEIL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MELISSA LUDWIG | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANDY RICHTER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KATE REICHERTS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHUCK SHIREY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DENISE THROWER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRIS WENDLAND | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| AL YU | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYNN LAGRONE | DIRECTOR Trustee or director | 0.5 | $0 |
| BRYN MANGRICH | DIRECTOR Trustee or director | 0.5 | $0 |
| DR JARED SMITH | DIRECTOR Trustee or director | 0.5 | $0 |
| RYAN SHAW | DIRECTOR Trustee or director | 0.5 | $0 |
| ELIZABETH VOIGT | DIRECTOR Trustee or director | 0.5 | $0 |
| ASTOR WILLIAMS | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HANNAH LUCE | EXECUTIVE DIRECTOR Officer | 40 | $69,053 | $8,676 |
| SHANTE WALLICAN-NESBIT | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KATE REICHERTS | PAST PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| ADIJAN ABDIC | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KINON O'NEAL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANNA CAUGHRON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| AMELA CJEVANOVIC | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BRENA HUBER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LORI JOHNSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TIFFINI KIELER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JAY KOWEIL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MELISSA LUDWIG | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JODI MINARD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BERNICE RICHARD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANDY RICHTER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KALOLA ROBY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JILLIAN RUTLEDGE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MANECA SEENSTER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHUCK SHIREY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DENISE THROWER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRIS WENDLAND | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| AL YU | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 201 TOWER PARK DR STE 106, WATERLOO, IA 50701-9305
- In care of
- % HANNAHLUCE
- Principal officer (990 for 2024)
- HANNAH LUCE, 201 TOWER PARK DRIVE 106, WATERLOO, IA 50701
- Signed the 990
- HANNAH LUCE, EXECUTIVE DIRECTOR
- Phone
- (319) 214-0134
- Website
- WWW.WCSFOUNDATION.ORG/
- Return prepared by
- CREATIVE PLANNING TAX LLC
Mission
TO FUND, INSPIRE AND PROMOTE EDUCATIONAL OPPORTUNITIES FOR ALL IN THE WATERLOO SCHOOLS.
Program accomplishments
- THE WATERLOO COMMUNITY SCHOOLS FOUNDATION (WSF) IS A 501(C)3 NONPROFIT ORGANIZATION THAT EXISTS TO ENHANCE ACADEMIC OPPORTUNITIES IN THE WATERLOO COMMUNITY SCHOOLS DISTRICT (WCSD). THE WSF SOLICITS FUNDING FROM LOCAL BUSINESSES, ORGANIZATIONS, HOUSEHOLDS, AND OTHER PRIVATE ENTITIES TO SUSTAIN THEIR MISSION AND ENSURE ONGOING COMMUNITY SUPPORT FOR THE SUCCESS OF WATERLOO'S PUBLIC EDUCATION. FUNDING IS DISTRIBUTED IN 3 AREAS; 1) DISTRICT INITIATIVES, WHICH ARE LARGE-SCALE ANNUAL PROJECTS PRIORITIZED BY THE SUPERINTENDENT AND WCSD BOARD OF EDUCATION 2) TEACHER GRANTS, WHICH BRING INNOVATIVE TEACHING AND LEARNING TO CLASSROOMS ACROSS THE WCSD AND 3) STUDENT GRANTS THAT BRIDGE FINANCIAL GAPS FOR STUDENTS TO ATTEND AND EXPERIENCE UNIQUE INDIVIDUAL LEARNING OPPORTUNITIES OUTSIDE OF THE CLASSROOM. OVER THE LAST 15 YEARS, THE WSF HAS PLEDGED AND GIFTED OVER $3 MILLION TO SUPPORT 12 DISTRICT INITIATIVES, 158 TEACHER GRANTS, AND 78 STUDENT GRANTS.Expenses $143,556 · grants $121,707 · revenue $116,640
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1364293
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $1,619,797
- Income (IRS master file)
- $757,102
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $537,254 | $330,375 | $1,619,797 | IRS |
| 990 | June 2024 | $573,982 | $354,876 | $1,496,847 | XML |
| 990 | June 2023 | $285,040 | $240,797 | $1,253,311 | IRS |
| 990 | June 2022 | $482,487 | $503,359 | $1,202,339 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1364293).
Questions about WATERLOO COMMUNITY SCHOOLS FOUNDATION
- What is the EIN of WATERLOO COMMUNITY SCHOOLS FOUNDATION?
- The employer identification number (EIN) of WATERLOO COMMUNITY SCHOOLS FOUNDATION is 42-1364293.
- Is WATERLOO COMMUNITY SCHOOLS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to WATERLOO COMMUNITY SCHOOLS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATERLOO COMMUNITY SCHOOLS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WATERLOO COMMUNITY SCHOOLS FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATERLOO COMMUNITY SCHOOLS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WATERLOO COMMUNITY SCHOOLS FOUNDATION?
- The 990 for the year ended June 30, 2025 names HANNAH LUCE.
- Who are the officers and directors of WATERLOO COMMUNITY SCHOOLS FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 21 people; 1 received compensation from the organization, the highest $71,942 (HANNAH LUCE, EXECUTIVE DIRECTOR).
- How much revenue does WATERLOO COMMUNITY SCHOOLS FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $537,254, expenses of $330,375 and total assets of $1,619,797 at year end.
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