Waco Entrepreneurial Ecosystem Collaborative Inc
- Assets
- $702.0k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Waco, TX
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 82-2094253
Organization Overview
Waco Entrepreneurial Ecosystem Collaborative Inc, operating under the name Start Up Waco, is located in Waco, TX. The organization was established in 2019. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Start Up Waco employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Start Up 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, Start Up Waco generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.4% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
START UP WACO IS A TEXAS NONPROFIT ORGANIZATION FORMED VIA COLLABORATION OF CROSS-SECTOR PARTNERSHIPS THAT ASPIRE TO LEAD WACO'S ENTREPRENEURIAL SUPPORT EFFORTS AND ELEVATE WACO AS A HUB FOR BUSINESS INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STARTUP WACO IS BUILDING THE ENTREPRENEURIAL ECOSYSTEM OF CENTRAL TEXAS AND ENCOURAGING MEMBERS TO EMBRACE A CULTURE OF INNOVATION BY EMPOWERING ENTREPRENEURS AND INNOVATORS TO BUILD AND GROW SUCCESSFUL BUSINESSES. TO ACHIEVE THIS GOAL, THE ORGANIZATION OPERATES A COWORKING ACCELERATOR SPACE IN DOWNTOWN WACO, AND DELIVERS PROGRAMMING AIMED AT THREE MAIN GROUPS OF ENTREPRENEURS: 1. LOCAL BUSINESS OWNERS, 2. HIGH-GROWTH STARTUPS, AND 3. STUDENTS.
FOR LOCAL BUSINESS OWNERS, THE LARGEST PROGRAM IS OUR WEEKLY ENTREPRENEUR NETWORKING EVENT CALLED THE MEETUP. EACH WEEK, OVER 50 BUSINESS OWNERS GATHER TO NETWORK AND INTRODUCE THEIR PRODUCT OR SERVICE TO THE LARGER COMMUNITY. FROM INSIGHTS GAINED FROM THIS PROGRAM WE IMPLEMENT OTHER PROGRAM TO SUPPORT AND ADDRESS KEY NEEDS OF SMALL BUSINESS OWNERS IN OUR REGION.
FOR STUDENTS, WE OPERATED TWO MAIN PROGRAMS, ONE IS AN ADVISORY PROGRAM AT THE BAYLOR UNIVERSITY HANKAMER SCHOOL OF BUSINESS, AND THE OTHER IS CALLED GXG WHICH BEGAN IN JUNE OF 2022. GXG IS A STUDENT-ATHLETE DEVELOPMENT PROGRAM THAT CONNECTS BUSINESS LEADERS AND ENTREPRENEURS TO LOCAL STUDENT-ATHLETES, AND WORKS DIRECTLY WITH STUDENT-ATHLETES TO PROVIDE BUSINESS EDUCATION SERVICES, ENTREPRENEURIAL SUPPORT, AND FINANCIAL LITERACY TRAINING. THIS PROGRAM IS FACILITATED THROUGH A COMBINATION OF IN-PERSON AND VIRTUAL WORKSHOPS, SEMINARS AND EVENTS, AND HELPS PROVIDE A FOUNDATION TO ANY STUDENT-ATHLETE WITHIN OUR SERVICE AREA WHO IS BUILDING A BUSINESS OR ENTREPRENEURIAL FOUNDATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Allison Board Chair | OfficerTrustee | 1 | $0 |
Mark Reynolds Director | Trustee | 1 | $0 |
Andrea Barefield Secretary | OfficerTrustee | 1 | $0 |
Kris Collins Treasurer | OfficerTrustee | 1 | $0 |
Fernando Arroyo Director | Trustee | 1 | $0 |
Sherman Ayres Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,249,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,272,214 |
| Total Program Service Revenue | $98,376 |
| 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 | -$37,306 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,333,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,311 |
| Compensation of current officers, directors, key employees. | $86,318 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,284 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,343 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,116 |
| Fees for services: Accounting | $12,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,167 |
| Advertising and promotion | $0 |
| Office expenses | $16,845 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,199 |
| Travel | $1,658 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,140 |
| Insurance | $3,395 |
| All other expenses | $105,808 |
| Total functional expenses | $1,403,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,925 |
| Savings and temporary cash investments | $0 |
| 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 | $13,500 |
| Net Land, buildings, and equipment | $670,553 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $701,978 |
| Accounts payable and accrued expenses | $0 |
| 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 | $103,100 |
| Other liabilities | $608 |
| Total liabilities | $103,708 |
| Net assets without donor restrictions | $0 |
| 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 | $598,270 |
| Total liabilities and net assets/fund balances | $701,978 |