Nonprofit · EIN 74-2728765
WACO ISD EDUCATION FOUNDATION
Tax-exempt · WACO, TX 76703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $744,594 | $231,749 | $512,845 | $6,861,065 | $254,625 | $6,606,440 |
| December 31, 2023 | 990 | $353,927 | $257,943 | $95,984 | $5,959,042 | $231,483 | $5,727,559 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $505,721
- Program service revenue
- $0
- Investment income
- $258,597
- Net gain from sales of assets
- $119,739
- Net income from fundraising events
- -$19,724
- Other revenue
- -$19,724
Expenses
- Grants and similar amounts paid
- $212,840
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $8,500
- Program services (functional)
- $212,840
- Management and general (functional)
- $17,422
- Fundraising (functional)
- $1,487
Balance sheet and other
- Total assets, start of year
- $5,959,042
- Total assets, end of year
- $6,861,065
- Total liabilities, end of year
- $254,625
- Net assets, end of year
- $6,606,440
- Net assets without donor restrictions
- $3,166,539
- Net assets with donor restrictions
- $3,439,901
- Gross receipts
- $792,169
- Employees
- 0
- Volunteers
- 29
- Year formed
- 1994
- State of legal domicile
- TX
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHANIE HINES | EXECUTIVE DIRECTOR Trustee or director, Officer | 20 | $77,862 | $6,057 |
| TAYLOR BLEDSOE | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CHARLOTTE HENDERSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RACHEL KUEHL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| STEVE MYATT | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TY ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TONY BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE CARLSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN CASTILLO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNA CLARK-MARTINEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN FONVILLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LONDRIA GILMORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEGAN HENDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROCKI HORNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KHRISTIAN HOWARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUTH JACKSON | DIRECTOR Trustee or director | 1 | $0 |
| MELISSA JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| KIM KLARAS | DIRECTOR Trustee or director | 1 | $0 |
| KELLY LAWSON | DIRECTOR Trustee or director | 1 | $0 |
| ROMAN NOVIAN | DIRECTOR Trustee or director | 1 | $0 |
| JIM PATTON | DIRECTOR Trustee or director | 1 | $0 |
| ANNETTE PEREZ | DIRECTOR Trustee or director | 1 | $0 |
| MARYANN RIGGS | DIRECTOR Trustee or director | 1 | $0 |
| DR HAZEL ROWE | DIRECTOR Trustee or director | 1 | $0 |
| TYLER TALBERT | DIRECTOR Trustee or director | 1 | $0 |
| DR TIFFANY SPICER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHANIE HINES | EXECUTIVE DIRECTOR Trustee or director, Officer | 20 | $73,328 | $6,057 |
| TAYLOR BLEDSOE | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CHARLOTTE HENDERSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RACHEL WILDE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| STEVE MYATT | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR SUSAN KINCANNON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TONY BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN CASTILLO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE CARLSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNA CLARK-MARTINEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUTH JACKSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN FONVILLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIRA HANEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LONDRIA GILMORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIM KLARAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEGAN HENDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROMAN NOVIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM PATTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROCKI HORNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARYANN RIGGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KHRISTIAN HOWARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TY ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EMILY HUNT-HINOJOSA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELISSA JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELLY LAWSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNETTE PEREZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR HAZEL ROWE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVERETT PHIPPS 1213-1231 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TYLER TALBERT 1213-1231 | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2369, WACO, TX 76703-2369
- In care of
- % FRED M ZACHARY
- Principal officer (990 for 2024)
- STEVE MYATT, PO BOX 2369, WACO, TX 76703
- Signed the 990
- STEVE MYATT, TREASURER
- Phone
- (254) 755-9510
- Website
- WWW.WACOISDFOUNDATION.ORG
- Return prepared by
- PATTILLO BROWN & HILL LLP
Mission
THE WACO ISD EDUCATION FOUNDATION STRIVES TO FUND CREATIVE, EDUCATIONAL PROGRAMS AND PROJECTS NOT COVERED BY SCHOOL BUDGETS OR TAX DOLLARS, THUS OUR MOTTO, "RAISING THE POWER OF EDUCATION!" MORE THAN 93% OF ALL FOUNDATION EXPENSES FUND WACO ISD CLASSROOM GRANTS AND STUDENT SCHOLARSHIPS. THE FOUNDATION WAS FOUNDED FOR THE PURPOSE OF RECEIVING AND DISBURSING FUNDS, PROPERTY AND GIFTS OF ANY KIND EXCLUSIVELY FOR THE BENEFIT OF THE WACO INDEPENDENT SCHOOL DISTRICT.
Program accomplishments
- BY FUNDING INNOVATIVE EDUCATOR GRANTS, THE WACO ISD EDUCATION FOUNDATION IS ABLE TO IMPACT OUR STUDENTS, TEACHERS, CLASSROOMS AND ENTIRE DISTRICT. THE FOUNDATION SEEKS TO PROVIDE FUNDING FOR WACO ISD TEACHERS AND SCHOOLS BY AWARDING GRANTS IN FOUR FOCUS AREAS: EARLY CHILDHOOD DEVELOPMENT, ENHANCED PROGRAMMING FOR ADVANCED STUDENTS, EXTENDED EDUCATION FOR STAFF, AND EMPHASIS ON STUDENT PERFORMANCE. TO DATE, THE FOUNDATION HAS AWARDED OVER $2,407,478 IN 652 GRANTS TO WISD TEACHERS.Expenses $117,914 · grants $117,914
- SCHOLARSHIPS ARE AN OPPORTUNITY TO RECOGNIZE STUDENTS FOR THEIR ACADEMIC ACHIEVEMENTS, LEADERSHIP AND COMMUNITY INVOLVEMENT AS WELL AS A CONDUIT TO PROVIDE HIGHER EDUCATION OPPORTUNIIES. SCHOLARSHIPS ARE ALSO A GREAT MEMORIAL TO LOVED ONES AND PROVIDE A LASTING LEGACY. TO DATE, THE FOUNDATION HAS AWARDED $533,350 IN SCHOLARSHIPS TO WACO ISD GRADUATES.Expenses $94,926 · grants $94,926
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2728765
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B122)
- Assets (IRS master file)
- $6,861,065
- Income (IRS master file)
- $792,169
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $744,594 | $231,749 | $6,861,065 | IRS |
| 990 | December 2023 | $353,927 | $257,943 | $5,959,042 | XML |
| 990 | December 2022 | $397,562 | $290,449 | $5,243,333 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 74-2728765).
Questions about WACO ISD EDUCATION FOUNDATION
- What is the EIN of WACO ISD EDUCATION FOUNDATION?
- The employer identification number (EIN) of WACO ISD EDUCATION FOUNDATION is 74-2728765.
- Is WACO ISD EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to WACO ISD EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WACO ISD EDUCATION 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 WACO ISD EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WACO ISD EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WACO ISD EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names STEVE MYATT.
- Who are the officers and directors of WACO ISD EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 26 people; 1 received compensation from the organization, the highest $77,862 (STEPHANIE HINES, EXECUTIVE DIRECTOR).
- How much revenue does WACO ISD EDUCATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $744,594, expenses of $231,749 and total assets of $6,861,065 at year end.
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