Waco Isd Education Foundation
- Assets
- $6.1m
- Revenue
- $766.1k
- Investments
- $5.9m
- Employees
- 0
- Location
- Waco, TX
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 74-2728765
Organization Overview
Waco Isd Education Foundation is located in Waco, TX. The organization was established in 1995. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waco Isd Education Foundation 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, Waco Isd Education Foundation generated $766.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $249.0k during the year ending 12/2021. While expenses have increased by 3.9% 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
THE WACO ISD EDUCATION FOUNDATION STRIVES TO FUND CREATIVE, EDUCATIONAL PROGRAMS AND PROJECTS NOT COVERED BY SCHOOL BUDGETS OR TAX DOLLARS, THUS OUR MOTTO, "RAISING THE POWER OF EDUCATION!" MORE THAN 93% OF ALL FOUNDATION EXPENSES FUND WACO ISD CLASSROOM GRANTS AND STUDENT SCHOLARSHIPS. THE FOUNDATION WAS FOUNDED FOR THE PURPOSE OF RECEIVING AND DISBURSING FUNDS, PROPERTY AND GIFTS OF ANY KIND EXCLUSIVELY FOR THE BENEFIT OF THE WACO INDEPENDENT SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BY FUNDING INNOVATIVE EDUCATOR GRANTS, THE WACO ISD EDUCATION FOUNDATION IS ABLE TO IMPACT OUR STUDENTS, TEACHERS, CLASSROOMS AND ENTIRE DISTRICT. THE FOUNDATION SEEKS TO PROVIDE FUNDING FOR WACO ISD TEACHERS AND SCHOOLS BY AWARDING GRANTS IN FOUR FOCUS AREAS: EARLY CHILDHOOD DEVELOPMENT, ENHANCED PROGRAMMING FOR ADVANCED STUDENTS, EXTENDED EDUCATION FOR STAFF, AND EMPHASIS ON STUDENT PERFORMANCE. TO DATE, THE FOUNDATION HAS AWARDED OVER $1,992,7214 IN 555 GRANTS TO WISD TEACHERS.
SCHOLARSHIPS ARE AN OPPORTUNITY TO RECOGNIZE STUDENTS FOR THEIR ACADEMIC ACHIEVEMENTS, LEADERSHIP AND COMMUNITY INVOLVEMENT AS WELL AS A CONDUIT TO PROVIDE HIGHER EDUCATION OPPORTUNIIES. SCHOLARSHIPS ARE ALSO A GREAT MEMORIAL TO LOVED ONES AND PROVIDE A LASTING LEGACY. TO DATE, THE FOUNDATION HAS AWARDED $389,350 IN SCHOLARSHIPS TO WACO ISD GRADUATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Hines 0818-1231 Executive Director | OfficerTrustee | 20 | $63,607 |
Lara Robertson 0101-0806 Executive Director | OfficerTrustee | 15 | $48,567 |
Dr Susan Kincannon Secretary | OfficerTrustee | 1 | $0 |
Steve Myatt Treasurer | OfficerTrustee | 1 | $0 |
Gretchen Eichenburg 0101-0531 Director | OfficerTrustee | 1 | $0 |
Taylor Bledsoe Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,698 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,698 |
| Total Program Service Revenue | $0 |
| Investment income | $142,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $423,884 |
| Net Income from Fundraising Events | $20,211 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $766,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $167,429 |
| Grants and other assistance to domestic individuals. | $59,250 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $495 |
| Office expenses | $13,681 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $2,032 |
| All other expenses | $45 |
| Total functional expenses | $249,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,455 |
| Savings and temporary cash investments | $197,032 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $3,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,876,917 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,129,404 |
| Accounts payable and accrued expenses | $53,630 |
| Grants payable | $180,901 |
| 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 | $234,531 |
| Net assets without donor restrictions | $2,696,830 |
| Net assets with donor restrictions | $3,198,043 |
| 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 | $6,129,404 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Waco Isd Education Foundation has recieved totaling $20,129.
| Awarding Organization | Amount |
|---|---|
Waco Foundation Waco, TX PURPOSE: SCHOLARSHIP FUNDS | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $129 |
Endowment Analysis
| Beg. Balance | $5,175,893 |
| Earnings | $761,832 |
| Admin Expense | $40,808 |
| Grants | $20,000 |
| Ending Balance | $5,876,917 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wiley College Marshall, TX | $47,591,110 | $22,498,532 |
Meadow Oaks Education Foundation Mesquite, TX | $6,337,401 | $20,503,410 |
Harold E Riley Foundation Fort Worth, TX | $357,850 | $584,984 |
Compass Rose Education Inc San Antonio, TX | $15,459,454 | $19,431,467 |
Three Oclock Project Baton Rouge, LA | $1,930,450 | $18,582,179 |
Athlos Louisiana Terrytown, LA | $4,119,183 | $17,119,142 |
Nmc Inc Los Alamos, NM | $8,318,653 | $11,151,295 |
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |