Greater Waco Collective Impact Initiative
- Assets
- $1.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 23
- Location
- Waco, TX
- Founding
- 11/2014
- Data as of
- 12/2021
- EIN
- 46-5714986
Organization Overview
Greater Waco Collective Impact Initiative, operating under the name Prosper Waco, is located in Waco, TX. The organization was established in 2014. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Prosper Waco employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prosper Waco is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Prosper Waco generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 18.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GREATER WACO COLLABORATIVE IMPACT INITIATIVE'S MISSION IS TO BUILD AN ENVIRONMENT IN WHICH ALL MEMBERS OF OUR WACO COMMUNITY ARE ABLE TO MEASURABLY IMPROVE THEIR EDUCATION, HEALTH, AND FINANCIAL SECURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE THE LIVES OF THE PEOPLE OF GREATER WACO COMMUNITY BY FOCUSING ON THE KEY AREAS OF EDUCATION, HEALTHCARE AND FINANCIAL SECURITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzii March Chief Executive Officer | Officer | 40 | $125,000 |
Jackson Griggs Vice President | OfficerTrustee | 5 | $0 |
Alfred Solano President | OfficerTrustee | 5 | $0 |
Hazel Rowe Secretary | OfficerTrustee | 5 | $0 |
Stephanie Korteweg Treasurer | OfficerTrustee | 5 | $0 |
Jeremy Vickers Advancement Chair | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,428,366 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,535,179 |
| Total Program Service Revenue | $0 |
| Investment income | $6,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,541,441 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,000 |
| Compensation of current officers, directors, key employees. | $21,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $963,957 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $101,485 |
| Payroll taxes | $72,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,824 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,525 |
| Office expenses | $23,411 |
| Information technology | $59,671 |
| Royalties | $0 |
| Occupancy | $28,423 |
| Travel | $7,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,154 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,310 |
| All other expenses | $2,749 |
| Total functional expenses | $2,139,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,007,932 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,334 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,523 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,049,789 |
| Accounts payable and accrued expenses | $53,775 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $53,775 |
| Net assets without donor restrictions | $489,525 |
| Net assets with donor restrictions | $506,489 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,049,789 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Greater Waco Collective Impact Initiative has recieved totaling $547,156.
| Awarding Organization | Amount |
|---|---|
Episcopal Health Foundation Houston, TX PURPOSE: Support Change in Healthcare Financing | $274,000 |
Texas Mutual Insurance Company Austin, TX PURPOSE: Workforce Development & Safety Training | $64,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $60,000 |
Waco Foundation Waco, TX PURPOSE: OPERATING SUPPORT | $52,864 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $50,000 |
Madison Alexander Cooper And Martha Roane Cooper Foundation Waco, TX PURPOSE: LA PUERTA'S SPANISH-SPEAKING CALL CENTER | $46,292 |
Endowment Analysis
| Beg. Balance | $1,570,686 |
| Net Contributions | $905,406 |
| Grants | $1,969,603 |
| Ending Balance | $506,489 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Onestar Foundation Austin, TX | $2,630,311 | $19,496,828 |
Las Colinas Association Irving, TX | $32,652,078 | $16,281,459 |
Downtown Fort Worth Inc Fort Worth, TX | $1,699,002 | $9,582,702 |
Texas Retired Teachers Association Austin, TX | $11,866,847 | $5,873,069 |
Childrens Charity Houston, TX | $1,357,156 | $4,121,015 |
Pine-Belt Multi-Purpose Community Action Agency Incorporated Jonesboro, LA | $579,272 | $3,229,420 |
Georgetown Caring Place Georgetown, TX | $4,842,347 | $3,321,334 |
The Onestar Foundation Austin, TX | $2,465,909 | $3,375,276 |
Saheli Austin, TX | $538,210 | $2,600,715 |
Friendship Of Women Brownsville, TX | $941,053 | $2,402,279 |
Greater Waco Collective Impact Initiative Waco, TX | $1,049,789 | $1,541,441 |
Day Resource Center For The Homeless Fort Worth, TX | $352,912 | $2,190,663 |