Nonprofit · EIN 74-6054628
WACO FOUNDATION
Tax-exempt · WACO, TX 76701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $16,820,955 | $12,499,829 | $4,321,126 | $148,387,558 | $826,854 | $147,560,704 |
| March 31, 2024 | 990 | $8,580,319 | $7,200,164 | $1,380,155 | $142,304,864 | $779,920 | $141,524,944 |
| March 31, 2023 | 990 | $11,751,252 | $7,522,031 | $4,229,221 | $127,546,392 | $1,155,239 | $126,391,153 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $10,509,377
- Membership dues
- $411,833
- Program service revenue
- $0
- Investment income
- $6,271,707
- Net gain from sales of assets
- $2,923,110
- Other revenue
- $39,871
Expenses
- Grants and similar amounts paid
- $8,126,318
- Compensation of officers, directors and key employees
- $428,104
- Other salaries and wages
- $1,254,655
- Salaries, compensation and benefits (total)
- $1,990,367
- Professional fundraising fees
- $0
- Legal fees
- $8,593
- Accounting fees
- $55,373
- Occupancy
- $123,248
- Travel
- $55,107
- Depreciation
- $2,947
- Program services (functional)
- $10,912,544
- Management and general (functional)
- $1,500,058
- Fundraising (functional)
- $87,227
Balance sheet and other
- Total assets, start of year
- $142,304,864
- Total assets, end of year
- $148,387,558
- Total liabilities, end of year
- $826,854
- Net assets, end of year
- $147,560,704
- Land, buildings and equipment
- $82,971
- Publicly traded securities
- $110,988,873
- Net assets without donor restrictions
- $71,885,751
- Net assets with donor restrictions
- $75,674,953
- Gross receipts
- $49,669,472
- Employees
- 20
- Volunteers
- 33
- Year formed
- 1958
- 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 | Other / benefits |
|---|---|---|---|---|
| Ashley Allison | Executive Director | 39.9 | $228,250 | $29,335 |
| Isabel Weeden | CFO/COO | 39.9 | $167,499 | $11,052 |
| MALCOM DUNCAN JR | Trustee Trustee or director | 2.5 | $0 | $0 |
| MONTE HULSE | Trustee Trustee or director | 2.5 | $0 | $0 |
| DILLON MEEK | Trustee Trustee or director | 2.5 | $0 | $0 |
| KRISTEN MYNAR | Trustee Trustee or director | 2.5 | $0 | $0 |
| MIKE RAYMOND | Trustee Trustee or director | 2.5 | $0 | $0 |
| MELLI WICKLIFF | Trustee Trustee or director | 2.5 | $0 | $0 |
| AARON ZIMMERMAN | Trustee Trustee or director | 2.5 | $0 | $0 |
| WALTER ABERCROMBIE | Trustee Trustee or director | 2.5 | $0 | $0 |
| SHERMAN AYRES | Chairman Officer | 2.5 | $0 | $0 |
| CHRIS MCSWAIN | Trustee Officer | 2.5 | $0 | $0 |
| SOO BATTLE | Treasurer Officer | 2.5 | $0 | $0 |
990 for the year ended March 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ASHLEY ALLISON | EXECUTIVE DIRECTOR Officer | 39.9 | $213,251 | $27,510 |
| VALERIE HOLLAND | DIRECTOR OF FINANCE (APR-AUG) Officer | 37.25 | $56,243 | $1,447 |
| MALCOLM DUNCAN JR | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| SHERMAN AYRES | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| CHRIS MCSWAIN | VICE CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| SOO BATTLE | SECRETARY/TREASURER Trustee or director, Officer | 2.5 | $0 | $0 |
| MIKE BIDWELL | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| MONTE HULSE | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| KRISTEN MYNAR | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| MIKE RAYMOND | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| MELLI WICKLIFF | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| AARON ZIMMERMAN | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| DILLON MEEK | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| CHARLES WILLIAMS | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| ISABEL WEEDEN | CFO/COO (JAN - MAR) Officer | 37.25 | $0 | $0 |
990 for the year ended March 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ASHLEY ALLISON | EXECUTIVE DIRECTOR Officer | 39.9 | $196,502 | $24,968 |
| MARTHA STUHR | DIRECTOR OF FINANCE(APR - SEP 22) Officer | 37.25 | $66,976 | $6,599 |
| TANGELA PENNY | DIRECTOR OF FINANCE(SEP - DEC 22) Officer | 37.25 | $29,188 | $1,758 |
| MALCOLM DUNCAN JR | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| SHERMAN AYRES | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| CHRIS MCSWAIN | VICE CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| SOO BATTLE | SECRETARY/TREASURER Trustee or director, Officer | 2.5 | $0 | $0 |
| MIKE BIDWELL | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| MONTE HULSE | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| KRISTEN MYNAR | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| MIKE RAYMOND | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| MELLI WICKLIFF | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| AARON ZIMMERMAN | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| DILLON MEEK | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| CHARLES WILLIAMS | TRUSTEE Trustee or director | 2.5 | $0 | $0 |
| LESLIE MITCHELL | DIRECTOR OF FINANCE(JAN - MAR 23) Officer | 37.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1224 AUSTIN AVE, WACO, TX 76701-1805
- Principal officer (990 for 2024)
- ASHLEY ALLISON
- Signed the 990
- ASHLEY ALLISON, Executive Director
- Phone
- (254) 754-3404
- Website
- WWW.WACOFOUNDATION.ORG
- Return prepared by
- Isabel E Weeden CPA
Mission
THE MISSION OF WACO FOUNDATION IS TO PROMOTE SOLUTIONS TO COMMUNITY CHALLENGES, STRENGTHEN LOCAL NONPROFITS, ENGAGE PHILANTHROPISTS AND MANAGE CHARITABLE ASSETS IN ORDER TO IMPROVE QUALITY OF LIFE IN MCLENNAN COUNTY.
Program accomplishments
- THIS INCLUDES ALL OTHER FUNDS OWNED AND MANAGED BY WACO FOUNDATION - 269 DESIGNATED, DONOR ADVISED, SCHOLARSHIP, FIELD OF INTEREST AND DISCRETIONARY FUNDS.Expenses $8,423,942 · grants $7,604,839
- 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) (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. (D) THE DELIVERY OF A CIVIC/COMMUNITY-ORIENTED LEADERSHIP SKILLS DEVELOPMENT PROGRAM. (E) SUPPORTING EFFORTS TO ADDRESS EARLY CHILDHOOD QUALITY OF LIFE FACTORS.Expenses $1,194,279 · grants $51,189 · revenue $45,450
- WACO FOUNDATION OPERATING FUND: THIS FUND IS THE ORGANIZATION'S PRIMARY COMPETITIVE GRANTMAKING FUND, PROVIDING GRANTS TO NONPROFITS THAT SERVCE MCLENNAN COUNTY RESIDENTS, ALONG WITH OTHER FUNDS (DISCRETIONARY AND SELECTED FIELD OF INTEREST FUNDS) THAT SUPPORT OUR COMPETITIVE GRANT PROGRAM. THE FOUNDATION PROVIDES SUPPORT TO SEVERAL COMMUNITY WIDE EFFORTS DESIGNED TO END SYSTEMIC POVERTY AND PROMOTE EDUCATION AND HEALTH. THE GRANTS MADE FROM OUR DISCRETIONARY PROGRAM BENEFITED OVER 11 INSTITUTIONS AND ORGANIZATIONS, INCLUDING SMALL NONPROFITS, WHICH ADDRESS BASIC HUMAN NEEDS, TO LARGE INSTITUTIONS WORKING TO INTERVENE WITH SYSTEMIC ISSUES THAT LEAD TO POVERTY.Expenses $943,971 · grants $394,504 · revenue $15,569
- DUNCAN SCHOLARS PROGRAM: THIS FUND SERVES AS AN ENHANCED EFFORT TO INCREASE COLLEGE COMPLETION RATES WHICH ELIMINATING STUDENT DEBT. QUALIFYING STUDENTS GRADUATING FROM WACO HIGH AND UNIVERSITY HIGH SCHOOLS ARE INVITED TO PARTICIPATE IN DUNCAN SCHOLARS. PARTICIPANTS 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 UNIVERSITY CENTER OR BAYLOR UNIVERSITY ARE ELIGIBLE TO RECEIVE FULL-TUITION FOR THEIR LAST TWO YEARS. DURING THE 2024 TAX YEAR, 116 STUDENTS PARTICIPATED IN DUNCAN SCHOLARS.Expenses $350,352 · grants $75,786
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
- 74-6054628
- 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
- 1963
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $148,387,558
- Income (IRS master file)
- $49,669,472
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $16,820,955 | $12,499,829 | $148,387,558 | XML |
| 990-T | March 2025 | – | – | – | IRS |
| 990 | March 2024 | $8,580,319 | $7,200,164 | $142,304,864 | XML |
| 990-T | March 2024 | – | – | – | IRS |
| 990 | March 2023 | $11,751,252 | $7,522,031 | $127,546,392 | IRS |
| 990-T | March 2023 | – | – | – | IRS |
| 990 | March 2022 | $26,486,121 | $7,239,601 | $132,771,840 | 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 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 74-6054628).
Questions about WACO FOUNDATION
- What is the EIN of WACO FOUNDATION?
- The employer identification number (EIN) of WACO FOUNDATION is 74-6054628.
- Is WACO FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1963.
- Are donations to WACO FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WACO 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 FOUNDATION 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 WACO FOUNDATION 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 WACO FOUNDATION?
- The 990 for the year ended March 31, 2025 names ASHLEY ALLISON.
- Who are the officers and directors of WACO FOUNDATION?
- The 990 for the year ended March 31, 2025 lists 13 people; 2 received compensation from the organization, the highest $228,250 (Ashley Allison, Executive Director).
- How much revenue does WACO FOUNDATION have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $16,820,955, expenses of $12,499,829 and total assets of $148,387,558 at year end.
Other nonprofits in WACO
- GLOBAL GENEROSITY INC EIN 47-5209151 · last filed 990 for 2024
- WF ASSETS INC EIN 74-2783048 · last filed 990 for 2025
- TEXAS MASONIC CHARITIES FOUNDATION EIN 37-1501938 · last filed 990 for 2025
- THE RAPOPORT FAMILY FOUNDATION EIN 74-2872414 · last filed 990-PF for 2024
- TED NASH LONG LIFE FOUNDATION EIN 74-2875627 · last filed 990-PF for 2025
- UNITED WAY OF WACO-MCLENNAN COUNTY EIN 74-1189027 · last filed 990 for 2024
- SADIE JO BLACK FAMILY FOUNDATION EIN 80-0766649 · last filed 990-PF for 2025
- MARK DEERING FOUNDATION EIN 74-2726640 · last filed 990-PF for 2025
All nonprofits in WACO · Texas · Philanthropy, voluntarism and grantmaking foundations