Waxahachie Foundation Inc
- Assets
- $1.8m
- Revenue
- $82.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Waxahachie, TX
- Founding
- 11/1968
- Data as of
- 12/2022
- EIN
- 75-6085367
Organization Overview
Waxahachie Foundation Inc is located in Waxahachie, TX. The organization was established in 1968. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waxahachie 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, Waxahachie Foundation Inc generated $82.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $151.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Waxahachie Foundation Inc has awarded 154 individual grants totaling $943,187. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
TWENTY-FOUR CHARITABLE ORGANIZATIONS WERE FUNDED IN ORDER TO PROMOTE FURTHER CHARITABLE WORK IN WAXAHACHIE AND THE SURROUNDING ELLIS COUNTY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Colwell Secretary/tr | 2 | $0 | |
Elizabeth Tull Past Preside | 0 | $0 | |
Kerric Bradford Director | 0 | $0 | |
Steve Chapman Director | 0 | $0 | |
Michele Wray President | 2 | $0 | |
Patrick Wilson Vice-Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $40 |
| Dividends & Interest | $97,057 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,822 |
| Capital Gain Net Income | $7,110 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,938 |
| Total Revenue | $82,213 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,601 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $209 |
| Total operating and administrative expenses | $4,445 |
| Contributions, gifts, grants paid | $146,850 |
| Total expenses and disbursements | $151,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,986 |
| Savings and temporary cash investments | $66,391 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,839,154 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $8,925 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,925 |
Grants Awarded
Over the last fiscal year, Waxahachie Foundation Inc has awarded $146,850 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE LINE BOXING & FITNESS PURPOSE: OPERATIONS | $1,000 |
COMMON GROUND PURPOSE: VARIOUS PROJECTS ,EMERGENCY FUND | $2,000 |
DINAH WEABLE BREAST CANCER SURVIVOR PURPOSE: OPERATIONS | $3,500 |
CROSSROADS OF TX FILM & MUSIC FEST PURPOSE: OPERATIONS | $2,500 |
BELIEVING RESTORATION IS ATTAINABLE PURPOSE: OPERATIONS | $5,000 |
HISTORIC WAXAHACHIE PURPOSE: WYATT & CALBOOSE BUILDINGS | $5,000 |