Civic Intelligence

Waco Industrial Foundation

990 • Fiscal year 2017 • EIN 74-1384272

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 02, 2018

Organization ProfileN/A
P O Box 1220Waco, TX 76703

(254) 757-5609

Siviq Scores

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

Liabilities / Assets

36th percentile

0.22x

Higher debt load relative to assets than 36% of similar nonprofits.

2017 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

7.89x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2017

Net Margin

95th percentile

56%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2017 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2017

Asset Growth

23rd percentile

1.2%

Faster asset growth than 23% of similar nonprofits.

2017 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-66%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$30,801,798

Up $367,595 (+1.2%) from 2016

Net Assets

Up

$24,130,285

Up $471,771 (+2.0%) from 2016

Liabilities

Down

$6,671,513

Down $104,176 (-1.5%) from 2016

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin95th percentile

Revenue

Down

$845,900

Down $1,659,372 (-66%) from 2016

Expenses

Down

$374,129

Down $21,559 (-5.4%) from 2016

Net Income

Down

$471,771

Down $1,637,813 (-78%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$80M$60M$40M$20M$0Assets 2011: $23,698,989Liabilities 2011: $1,795,624Net Assets 2011: $21,903,3652011Assets 2012: $21,991,149Liabilities 2012: $336,857Net Assets 2012: $21,654,2922012Assets 2013: $28,298,298Liabilities 2013: $6,981,409Net Assets 2013: $21,316,8892013Assets 2014: $27,890,828Liabilities 2014: $6,867,329Net Assets 2014: $21,023,4992014Assets 2015: $28,271,959Liabilities 2015: $6,723,031Net Assets 2015: $21,548,9282015Assets 2016: $30,434,203Liabilities 2016: $6,775,689Net Assets 2016: $23,658,5142016Assets 2017: $30,801,798Liabilities 2017: $6,671,513Net Assets 2017: $24,130,2852017Assets 2018: $31,760,558Liabilities 2018: $6,638,823Net Assets 2018: $25,121,7352018Assets 2019: $31,997,127Liabilities 2019: $6,721,957Net Assets 2019: $25,275,1702019Assets 2020: $39,494,673Liabilities 2020: $7,449,130Net Assets 2020: $32,045,5432020Assets 2021: $35,905,694Liabilities 2021: $541,744Net Assets 2021: $35,363,9502021Assets 2022: $38,358,817Liabilities 2022: $1,508,324Net Assets 2022: $36,850,4932022Assets 2023: $72,847,655Liabilities 2023: $20,235,521Net Assets 2023: $52,612,1342023Assets 2024: $69,885,529Liabilities 2024: $6,220,441Net Assets 2024: $63,665,0882024

Highlighted filing

2017

Assets$30,801,798
Liabilities$6,671,513
Net Assets$24,130,285
Open 2017 Filing

Operations Trend

Revenue Growth1st percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $776,774Expenses 2011: $430,007Net Income 2011: $346,7672011Revenue 2012: $191,687Expenses 2012: $440,760Net Income 2012: -$249,0732012Revenue 2013: $242,675Expenses 2013: $580,078Net Income 2013: -$337,4032013Revenue 2014: $232,159Expenses 2014: $525,549Net Income 2014: -$293,3902014Revenue 2015: $938,376Expenses 2015: $412,946Net Income 2015: $525,4302015Revenue 2016: $2,505,272Expenses 2016: $395,688Net Income 2016: $2,109,5842016Revenue 2017: $845,900Expenses 2017: $374,129Net Income 2017: $471,7712017Revenue 2018: $1,439,586Expenses 2018: $448,136Net Income 2018: $991,4502018Revenue 2019: $544,895Expenses 2019: $391,460Net Income 2019: $153,4352019Revenue 2020: $7,829,338Expenses 2020: $1,058,966Net Income 2020: $6,770,3722020Revenue 2021: $3,663,149Expenses 2021: $344,740Net Income 2021: $3,318,4092021Revenue 2022: $1,900,799Expenses 2022: $394,257Net Income 2022: $1,506,5422022Revenue 2023: $16,160,426Expenses 2023: $398,785Net Income 2023: $15,761,6412023Revenue 2024: $11,867,771Expenses 2024: $814,817Net Income 2024: $11,052,9542024

Highlighted filing

2017

Revenue$845,900
Expenses$374,129
Net Income$471,771
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 2, 2018
Return Version
2017v2.2
Gross Receipts
$1,021,419
Mission and Program Overview

Mission

Further eco dev in waco, tx area

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$25,459,720$25,430,875▼ $28,845
Cash and Non-Interest-Bearing Accounts$2,728,003$3,126,425▲ $398,422
Savings and Temporary Cash Investments$2,136,442$2,157,751▲ $21,309
Land, Buildings, and Equipment, Net$92,751$64,258▼ $28,493
Other Notes and Loans Receivable, Net$17,287$17,389▲ $102
Total Assets$30,434,203$30,801,798▲ $367,595
Other Assets Total-$5,100-
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,600,000$6,600,000→ $0
Accounts Payable and Accrued Expenses$143,836$71,513▼ $72,323
Deferred Revenue$31,853--
Total Liabilities$6,775,689$6,671,513▼ $104,176
Net Assets / Fund Balance
Unrestricted Net Assets$23,658,514$24,130,285▲ $471,771
Total Net Assets Fund Balance$23,658,514$24,130,285▲ $471,771
Total Liabilities and Net Assets / Fund Balance$30,434,203$30,801,798▲ $367,595

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$64,258$306,782$371,040
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
See AttachedDirectors
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$22,097
Other Revenue
$823,803
Change in Net Assets
$471,771

Audited Revenue Reconciliation

Revenue per Audited Statements
$845,900
Total Revenue per Audited Statements
$845,900
Total Revenue per Form 990
$845,900
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$374,129
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$37,757
Depreciation Depletion---$28,493
Interest---$26,400
Fees for Services Accounting---$15,180
Insurance---$7,617
Office Expenses---$140
Total Functional Expenses$0$0$0$374,129

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$374,129
Total Expenses per Audited Statements$374,129
Total Expenses per Form 990$374,129
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 9

“See attached list waco tx 76710”

Filing and Contact Details

Filer

Filer Name
Waco Industrial Foundation
EIN
74-1384272
Phone
2547575609
Address
P O BOX 1220, WACO, TX 76703

Signing Officer

Name
Matthew Meadors
Title
Executive Director
Phone
2547575609
Signed
2018-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Meadors
Formed
1957
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
30

Preparer

Firm
Vernon R King Jr Pc
Address
PO BOX 21023, WACO, TX 76702-1023
Preparer
Vernon King
Phone
2547760515
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Board given copy at meeting prior to filing”

Pt VI, Line 15B

“No salaries”

Pt VI, Line 12C

“Board polled annually for conflicts”

Pt VI, Line 6

“Members”

Pt VI, Line 7A

“Executive Committee is elected”

Pt VI, Line 7B

“Full membership approves executive committee actions”

Pt VI, Line 15A

“No salaries”

Form 990, Part IX, Line 24E

“BANK CHARGES”

Form 990, Part IX, Line 24E

“MISCELLANEOUS”

Form 990, Part IX, Line 24E

“LEASING FEE”

Raw XML Appendix281 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/ReturnTs02018-03-02T13:29:09-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,801,798
Liabilities
$6,671,513
Net assets
$24,130,285
Revenue
$845,900
Expenses
$374,129
Net income
$471,771
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$69.9$6.22$63.7$11.9$0.81$11.1
2023Detailed filing. Detailed filing data is available for this year.$72.8$20.2$52.6$16.2$0.40$15.8
2022Detailed filing. Detailed filing data is available for this year.$38.4$1.51$36.9$1.90$0.39$1.51
2021Detailed filing. Detailed filing data is available for this year.$35.9$0.54$35.4$3.66$0.34$3.32
2020Detailed filing. Detailed filing data is available for this year.$39.5$7.45$32.0$7.83$1.06$6.77
2019Detailed filing. Detailed filing data is available for this year.$32.0$6.72$25.3$0.54$0.39$0.15
2018Detailed filing. Detailed filing data is available for this year.$31.8$6.64$25.1$1.44$0.45$0.99
2017Detailed filing. Detailed filing data is available for this year.$30.8$6.67$24.1$0.85$0.37$0.47
2016Detailed filing. Detailed filing data is available for this year.$30.4$6.78$23.7$2.51$0.40$2.11
2015Detailed filing. Detailed filing data is available for this year.$28.3$6.72$21.5$0.94$0.41$0.53
2014Summary only. Only limited summary data is available for this year.$27.9$6.87$21.0$0.23$0.53$0.29
2013Summary only. Only limited summary data is available for this year.$28.3$6.98$21.3$0.24$0.58$0.34
2012Summary only. Only limited summary data is available for this year.$22.0$0.34$21.7$0.19$0.44$0.25
2011Summary only. Only limited summary data is available for this year.$23.7$1.80$21.9$0.78$0.43$0.35