Creative Waco
- Assets
- $725.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Waco, TX
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 47-3755745
Organization Overview
Creative Waco is located in Waco, TX. The organization was established in 2015. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Creative Waco employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative 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 12/2022, Creative Waco generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 39.2% per year over the past 8 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.
Since 2016, Creative Waco has awarded 69 individual grants totaling $1,466,363. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATIVE WACO'S MISSION IS TO GROW AND SUPPORT A THRIVING CULTURAL AND CREATIVE COMMUNITY IN WACO AND MCLENNAN COUNTY, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING AS THE LOCAL ARTS AGENCY FOR WACO AND MCLENNAN COUNTY BY MANAGING AND EVALUATING STRATEGIC INVESTMENT IN NON-PROFIT ARTS ORGANIZATIONS, PUBLIC ART, AND INFRASTRUCTURE TO ADVANCE THE GOALS OF THE WACO CULTURAL PLAN.BENEFICIARIES: WHOLE COMMUNITY OF WACO AND MCLENNAN COUNTY
PROVIDING TRAINING, INFORMATION, SERVICES, NETWORKING FORUM, ONLINE RESOURCES, AND EDUCATION PROGRAMS TO SUPPORT ARTS ORGANIZATIONS, ARTISTS AND CULTURAL PROGRAMMING IN WACO AND MCLENNAN COUNTY.BENEFICIARIES: 90 ORGANIZATIONS AND INDIVIDUALS, WHOLE COMMUNITY
LAUNCHING AND MANAGING CULTURAL PROGRAMMING, PUBLIC ART, EVENTS, AND MARKETING FOR THE WACO DOWNTOWN CULTURAL DISTRICTBENEFICIARIES: WHOLE COMMUNITY OF WACO AND MCLENNAN COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Alvarado Chair | OfficerTrustee | 2 | $0 |
Chris Mcgowan Vice Chair | OfficerTrustee | 4 | $0 |
Elise Edwards Secretary | OfficerTrustee | 4 | $0 |
John Kinnaird Treasurer | OfficerTrustee | 4 | $0 |
Jed Cole Director | Trustee | 2 | $0 |
Lisa Sheldon Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $777,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $302,749 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,080,399 |
| Total Program Service Revenue | $13,264 |
| Investment income | $0 |
| 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 | $1,093,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $269,486 |
| Grants and other assistance to domestic individuals. | $24,320 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,314 |
| Compensation of current officers, directors, key employees. | $34,683 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,407 |
| Pension plan accruals and contributions | $3,360 |
| Other employee benefits | $0 |
| Payroll taxes | $23,409 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,913 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,632 |
| Advertising and promotion | $0 |
| Office expenses | $173,951 |
| Information technology | $3,214 |
| Royalties | $0 |
| Occupancy | $15,501 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,845 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,951 |
| All other expenses | $0 |
| Total functional expenses | $1,002,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $562,080 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $162,992 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $725,072 |
| Accounts payable and accrued expenses | $10,000 |
| Grants payable | $45,000 |
| 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 | $55,000 |
| Net assets without donor restrictions | $670,072 |
| Net assets with donor restrictions | $0 |
| 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 | $725,072 |
Grants Awarded
Over the last fiscal year, Creative Waco has awarded $263,986 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
WACO CIVIC THEATRE PURPOSE: OPERATIONAL SUPPORT AND PROJECT GRANT | $52,600 |
WACO CULTURAL ARTS FEST PURPOSE: OPERATIONAL SUPPORT | $45,000 |
WACO SYMPHONY ASSOCIATION INC PURPOSE: OPERATIONAL SUPPORT | $37,500 |
HEART OF TEXAS FILM SOCIETY PURPOSE: ONLINE FILM FESTIVAL PROGRAM | $28,386 |
GB LINDSEY FAMILY CHARITABLE FUND PURPOSE: PROJECT GRANT | $10,000 |
WACO CREATIVE ART CENTER PURPOSE: OPERATIONAL SUPPORT AND PROJECT GRANT | $52,500 |