Civic Intelligence

Wace Educational Foundation

990 • Fiscal year 2024 • EIN 51-0172322

May 01, 2023 to Apr 30, 2024 • Filed on Dec 12, 2024

Organization Profilewww.waceonline.com
PO Box 6585Santa Maria, CA 93456

(559) 909-1012

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

62nd percentile

10%

Higher net margin than 62% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

53rd percentile

2.5%

Faster asset growth than 53% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-33%

Faster revenue growth than 17% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$188,510

Up $4,666 (+2.5%) from 2023

Net Assets

Up

$188,510

Up $4,666 (+2.5%) from 2023

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin62nd percentile

Revenue

Down

$46,222

Down $22,764 (-33%) from 2023

Expenses

Down

$41,555

Down $1,248 (-2.9%) from 2023

Net Income

Down

$4,667

Down $21,516 (-82%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2012: $92,095Liabilities 2012: $02012Assets 2013: $72,144Liabilities 2013: $02013Assets 2014: $69,673Liabilities 2014: $02014Assets 2015: $62,647Liabilities 2015: $02015Assets 2016: $60,584Liabilities 2016: $02016Assets 2017: $58,301Liabilities 2017: $02017Assets 2018: $69,843Liabilities 2018: $02018Assets 2019: $87,561Liabilities 2019: $02019Assets 2020: $124,118Liabilities 2020: $02020Assets 2021: $121,764Liabilities 2021: $02021Assets 2022: $157,661Net Assets 2022: $157,6612022Assets 2023: $183,844Net Assets 2023: $183,8442023Assets 2024: $188,510Liabilities 2024: $0Net Assets 2024: $188,5102024Assets 2025: $174,015Liabilities 2025: $0Net Assets 2025: $174,0152025

Highlighted filing

2024

Assets$188,510
Liabilities$0
Net Assets$188,510
Open 2024 Filing

Operations Trend

Revenue Growth17th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2012: $46,887Expenses 2012: $47,384Net Income 2012: -$4972012Revenue 2013: $33,634Expenses 2013: $53,585Net Income 2013: -$19,9512013Revenue 2014: $41,883Expenses 2014: $44,354Net Income 2014: -$2,4712014Revenue 2015: $37,771Expenses 2015: $44,797Net Income 2015: -$7,0262015Revenue 2016: $43,129Expenses 2016: $45,192Net Income 2016: -$2,0632016Revenue 2017: $39,230Expenses 2017: $41,513Net Income 2017: -$2,2832017Revenue 2018: $47,663Expenses 2018: $36,121Net Income 2018: $11,5422018Revenue 2019: $54,412Expenses 2019: $36,694Net Income 2019: $17,7182019Revenue 2020: $72,677Expenses 2020: $36,120Net Income 2020: $36,5572020Revenue 2021: $22,141Expenses 2021: $24,495Net Income 2021: -$2,3542021Revenue 2022: $79,039Expenses 2022: $43,142Net Income 2022: $35,8972022Revenue 2023: $68,986Expenses 2023: $42,803Net Income 2023: $26,1832023Revenue 2024: $46,222Expenses 2024: $41,555Net Income 2024: $4,6672024Revenue 2025: $71,693Expenses 2025: $86,188Net Income 2025: -$14,4952025

Highlighted filing

2024

Revenue$46,222
Expenses$41,555
Net Income$4,667
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2023 to Apr 30, 2024
Signed
Dec 12, 2024
Return Version
2023v5.1
Gross Receipts
$46,222
Mission and Program Overview

Mission

Chamber execs professional development assistance

Chamber executives professional development assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$130,804$163,860▲ $33,056
Cash and Non-Interest-Bearing Accounts$53,039$24,650▼ $28,389
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$183,843$188,510▲ $4,667
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$183,843$188,510▲ $4,667
Total Net Assets Fund Balance$183,843$188,510▲ $4,667
Total Liabilities and Net Assets / Fund Balance$183,843$188,510▲ $4,667
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Ann GlasscockDirector
Candace CarnahanDirector
Chris RomerDirector
Donnette Silva CarterDirector
Glenn MorrisDirector
Guy OcchiogrossoDirector
Jeremy HarrisDirector
Jessica WelchDirector
Jill LaganDirector
Lisa KruegerDirector
Mindy McCloughanDirector
Nancy Hoffman VanyekDirector
Todd SandersDirector
Tom PiersonDirector
David KilbyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,125
Program Service Revenue
$0
Investment Income
$64
Other Revenue
$36,033
Change in Net Assets
$4,667
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$41,000
Other Expenses$555
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$21,000--$21,000
Grants to Domestic Orgs$20,000--$20,000
Office Expenses$425$75-$500
Fees for Services Other$43$7-$50
Fees for Services Accounting$4$1-$5
Total Functional Expenses$41,472$83$0$41,555
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Western Association of ChambeSacramento, CA(c)(6)Scholarships$20,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$36,033
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Live Auction$36,033$36,033-$36,033
Total Events$36,033$36,033-$36,033
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
WACE Educational Foundation
EIN
51-0172322
Phone
5599091012
Address
PO Box 6585, Santa Maria, CA 93456

Signing Officer

Name
Glenn Morris
Title
Director
Signed
2024-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glenn Morris
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
Sacramento Accounting & Advisory Group LLP
Address
1111 Exposition Blvd Ste 100, Sacramento, CA 95815
Preparer
Jason Russell CPA
Phone
9169669366
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Glenn Morris
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0The W.A.C.E. Foundation provides scholarships to the W.A.C.E. Academy program held each August in Sacramento, California.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt09613
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt010125
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt068985
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt040848
IRS990/PYInvestmentIncomeAmt01
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01955
IRS990/PYRevenuesLessExpensesAmt026183
IRS990/PYTotalExpensesAmt042803
IRS990/PYTotalRevenueAmt068986
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt04667
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt010125
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt036033
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0130804
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0163860
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt046158
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt068985
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt079038
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt022141
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt072676
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0288998
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt064
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt068
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt064
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt068
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0288998
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt046158
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt068985
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt079038
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt022141
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt072676
IRS990ScheduleA/Total509Grp/TotalAmt0288998
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt046222
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt068986
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt079039
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt022142
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt072677
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0289066
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Live Auction
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt036033
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt036033
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt036033
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt036033
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt036033
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0CA
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0The Western Association of Chamber Executives (the Association) facilitates a live auction held at the Association's annual conference. Items are donated to the Foundation for the auction.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2b - Fundraiser Additional Information
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt2500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt3500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt41000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt5500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt6500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt7500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt8500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt9500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt10500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt11500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt12500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt131000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt14500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt15500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt16500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt17500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt18500

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$188,510
Liabilities
$0
Net assets
$188,510
Revenue
$46,222
Expenses
$41,555
Net income
$4,667
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$0.72$0.86$0.14
2024Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$0.46$0.42$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.84$1.84$0.69$0.43$0.26
2022Detailed filing. Detailed filing data is available for this year.$1.58$1.58$0.79$0.43$0.36
2021Summary only. Only limited summary data is available for this year.$1.22$0.00$0.22$0.24$0.02
2020Summary only. Only limited summary data is available for this year.$1.24$0.00$0.73$0.36$0.37
2019Summary only. Only limited summary data is available for this year.$0.88$0.00$0.54$0.37$0.18
2018Summary only. Only limited summary data is available for this year.$0.70$0.00$0.48$0.36$0.12
2017Summary only. Only limited summary data is available for this year.$0.58$0.00$0.39$0.42$0.02
2016Summary only. Only limited summary data is available for this year.$0.61$0.00$0.43$0.45$0.02
2015Summary only. Only limited summary data is available for this year.$0.63$0.00$0.38$0.45$0.07
2014Summary only. Only limited summary data is available for this year.$0.70$0.00$0.42$0.44$0.02
2013Summary only. Only limited summary data is available for this year.$0.72$0.00$0.34$0.54$0.20
2012Summary only. Only limited summary data is available for this year.$0.92$0.00$0.47$0.47$0.00