Nonprofit · EIN 74-2783048
WF ASSETS INC
Tax-exempt · WACO, TX 76701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $3,182,179 | $44,483 | $3,137,696 | $5,741,997 | $1,750,812 | $3,991,185 |
| March 31, 2024 | 990 | $722,935 | $16,764 | $706,171 | $3,893,903 | $3,074,948 | $818,955 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $3,346,316
- Program service revenue
- $0
- Investment income
- -$2,039
- Royalties
- $23,749
- Net rental income
- -$185,847
- Net gain from sales of assets
- $2
- Other revenue
- -$162,098
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $44,483
Balance sheet and other
- Total assets, start of year
- $3,893,903
- Total assets, end of year
- $5,741,997
- Total liabilities, end of year
- $1,750,812
- Net assets, end of year
- $3,991,185
- Land, buildings and equipment
- $5,507,333
- Gross receipts
- $3,542,953
- Employees
- 0
- Volunteers
- 11
- Year formed
- 1995
- 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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ASHLEY ALLISON | EXECUTIVE DIRECTOR | 0.1 | $0 | $228,520 | $29,335 |
| ISABEL WEEDEN | CFO/COO | 0.1 | $0 | $167,499 | $11,052 |
| MALCOLM DUNCAN JR | Trustee Trustee or director | 0.1 | $0 | $0 | $0 |
| MONTE HULSE | Trustee Trustee or director | 0.1 | $0 | $0 | $0 |
| DILLON MEEK | Trustee Trustee or director | 0.1 | $0 | $0 | $0 |
| KRISTEN MYNAR | Trustee Trustee or director | 0.1 | $0 | $0 | $0 |
| MIKE RAYMOND | Trustee Trustee or director | 0.1 | $0 | $0 | $0 |
| MELLI WICKLIFF | Trustee Trustee or director | 0.1 | $0 | $0 | $0 |
| AARON ZIMMERMAN | Trustee Trustee or director | 0.1 | $0 | $0 | $0 |
| WALTER ABERCROMBIE | Trustee Trustee or director | 0.1 | $0 | $0 | $0 |
| SHERMAN AYRES | Chairman Officer | 0.1 | $0 | $0 | $0 |
| CHRIS MCSWAIN | Trustee Officer | 0.1 | $0 | $0 | $0 |
| SOO BATTLE | Treasurer Officer | 0.1 | $0 | $0 | $0 |
990 for the year ended March 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ASHLEY ALLISON | EXECUTIVE DIRECTOR Officer | 0.1 | $213,250 | $213,250 | $56,467 |
| VALERIE HOLLAND | DIRECTOR OF FINANCE (APR - AUG) Officer | 0.25 | $56,243 | $67,838 | $1,447 |
| MALCOLM DUNCAN JR | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| SHERMAN AYRES | CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| CHRIS MCSWAIN | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| SOO BATTLE | SECRETARY/TREASURER Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| MIKE BIDWELL | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| MONTE HULSE | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| KRISTEN MYNAR | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| MIKE RAYMOND | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| MELLI WICKLIFF | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| AARON ZIMMERMAN | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| DILLON MEEK | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| CHARLES WILLIAMS | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| ISABEL WEEDEN | CFO/COO (JAN- MAR) Officer | 0.25 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1224 AUSTIN AVE STE 100, WACO, TX 76701-1808
- In care of
- % TOM COLLINS
- Principal officer (990 for 2024)
- ASHLEY ALLISON
- Signed the 990
- ASHLEY ALLISON, President
- Phone
- (254) 754-3404
- Return prepared by
- Isabel E Weeden CPA
Mission
WF ASSETS, INC. PROVIDES FINANCIAL SUPPORT FOR WACO FOUNDATION, A 501(C)(3) PUBLIC CHARITY.
Program accomplishments
- SUPPORT FOR WACO FOUNDATION: ALL GRANTS FROM WF ASSETS, INC. ARE USED TO SUPPORT THE CHARITABLE PURPOSES AND MISSION OF WACO FOUNDATION.
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2783048
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1996
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T70Z)
- Assets (IRS master file)
- $5,741,997
- Income (IRS master file)
- $3,542,953
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | – | – | – | IRS |
| 990-T | March 2025 | – | – | – | IRS |
| 990 | March 2024 | – | – | – | IRS |
| 990-T | March 2024 | – | – | – | IRS |
| 990 | March 2023 | -$464,565 | $2,766,143 | $126,067 | IRS |
| 990 | March 2022 | $107,271 | $302,948 | $3,345,345 | IRS |
| 990-T | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990-T | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about WF ASSETS INC
- What is the EIN of WF ASSETS INC?
- The employer identification number (EIN) of WF ASSETS INC is 74-2783048.
- Is WF ASSETS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to WF ASSETS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does WF ASSETS INC 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 WF ASSETS INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WF ASSETS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of WF ASSETS INC?
- The 990 for the year ended March 31, 2025 names ASHLEY ALLISON.
- Who are the officers and directors of WF ASSETS INC?
- The 990 for the year ended March 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does WF ASSETS INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $3,182,179, expenses of $44,483 and total assets of $5,741,997 at year end.
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