Historic Waco Foundation Inc
- Assets
- $2.7m
- Revenue
- $327.1k
- Investments
- $0.0
- Employees
- 10
- Location
- Waco, TX
- Founding
- 01/1968
- Data as of
- 12/2022
- EIN
- 74-1563772
Organization Overview
Historic Waco Foundation Inc is located in Waco, TX. The organization was established in 1968. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Historic Waco Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Waco Foundation Inc 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, Historic Waco Foundation Inc generated $327.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $345.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT, MAINTAIN, PRESERVE, PUBLISH AND INTERPRET THE HERITAGE AND HISTORY OF WACO, MCLENNAN COUNTY, TEXAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION OF HISTORIC HOMES WITHIN THE WACO AREA AND PROMOTING ECONOMIC GROWTH WITHIN THE COMMUNITY;SERVES APPROXIMATELY 60,000 PERSONS DURING THE YEAR.
EDUCATION PROGRAMS REGARDING HISTORIES OF EVENTS, PLACES, AND ARTIFACTS OF THE COMMUNITY AND SURROUNDING AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Swanson Executive Direc | Trustee | 40 | $0 |
Vivian Rutherford Member | Trustee | 0.25 | $0 |
Tom Balk Member | Trustee | 0.25 | $0 |
Joan Felton Secretary | OfficerTrustee | 0.25 | $0 |
Ed Boyd Treasurer | OfficerTrustee | 0.5 | $0 |
Clint Lynch President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,540 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,747 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,787 |
| Total Program Service Revenue | $8,846 |
| Investment income | $46,122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,003 |
| Net Income from Gaming Activities | $80,000 |
| Net Income from Sales of Inventory | $342 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $327,100 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,756 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,807 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,017 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,372 |
| Insurance | $28,861 |
| All other expenses | $9,248 |
| Total functional expenses | $345,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,318 |
| Savings and temporary cash investments | $331,633 |
| Pledges and grants receivable | $0 |
| 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 | $14,033 |
| Prepaid expenses and deferred charges | $7,085 |
| Net Land, buildings, and equipment | $1,970,153 |
| Investments—publicly traded securities | $195,319 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $133,868 |
| Total assets | $2,737,409 |
| Accounts payable and accrued expenses | $12,166 |
| 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 | $19,705 |
| Total liabilities | $31,871 |
| Net assets without donor restrictions | $1,790,942 |
| Net assets with donor restrictions | $914,596 |
| 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 | $2,737,409 |