Civic Intelligence

Waco Isd Education Foundation

990 • Fiscal year 2020 • EIN 74-2728765

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 06, 2021

Organization ProfileWWW.WACOISDFOUNDATION.ORG
P O Box 2369Waco, TX 76703

(254) 755-9510

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.05x

Higher debt load relative to assets than 32% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.39x

Higher debt load relative to revenue than 65% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

33rd percentile

$82,040

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

61st percentile

11%

Faster asset growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

91st percentile

76%

Faster revenue growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$5,509,813

Up $544,245 (+11%) from 2019

Net Assets

Up

$5,222,406

Up $421,835 (+8.8%) from 2019

Liabilities

Up

$287,407

Up $122,410 (+74%) from 2019

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin95th percentile

Revenue

Up

$743,546

Up $321,250 (+76%) from 2019

Expenses

Up

$222,421

Up $29,661 (+15%) from 2019

Net Income

Up

$521,125

Up $291,589 (+127%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,870,238Liabilities 2010: $61,335Net Assets 2010: $2,808,9032010Assets 2011: $2,666,544Liabilities 2011: $116,704Net Assets 2011: $2,549,8402011Assets 2012: $3,052,621Liabilities 2012: $128,419Net Assets 2012: $2,924,2022012Assets 2013: $3,487,895Liabilities 2013: $104,519Net Assets 2013: $3,383,3762013Assets 2014: $3,574,176Liabilities 2014: $123,585Net Assets 2014: $3,450,5912014Assets 2015: $3,610,009Liabilities 2015: $189,582Net Assets 2015: $3,420,4272015Assets 2016: $3,905,078Liabilities 2016: $184,174Net Assets 2016: $3,720,9042016Assets 2017: $4,569,566Liabilities 2017: $168,457Net Assets 2017: $4,401,1092017Assets 2018: $4,233,022Liabilities 2018: $105,195Net Assets 2018: $4,127,8272018Assets 2019: $4,965,568Liabilities 2019: $164,997Net Assets 2019: $4,800,5712019Assets 2020: $5,509,813Liabilities 2020: $287,407Net Assets 2020: $5,222,4062020Assets 2021: $6,129,404Liabilities 2021: $234,531Net Assets 2021: $5,894,8732021Assets 2022: $5,243,333Liabilities 2022: $248,077Net Assets 2022: $4,995,2562022Assets 2023: $5,959,042Liabilities 2023: $231,483Net Assets 2023: $5,727,5592023Assets 2024: $6,861,065Liabilities 2024: $254,625Net Assets 2024: $6,606,4402024

Highlighted filing

2020

Assets$5,509,813
Liabilities$287,407
Net Assets$5,222,406
Open 2020 Filing

Operations Trend

Revenue Growth91st percentile

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

$800K$600K$400K$200K$0Expenses 2010: $393,9012010Expenses 2011: $201,8272011Expenses 2012: $199,1012012Revenue 2013: $478,093Expenses 2013: $156,198Net Income 2013: $321,8952013Revenue 2014: $327,431Expenses 2014: $140,928Net Income 2014: $186,5032014Revenue 2015: $487,552Expenses 2015: $190,698Net Income 2015: $296,8542015Revenue 2016: $222,096Expenses 2016: $95,853Net Income 2016: $126,2432016Revenue 2017: $598,921Expenses 2017: $119,760Net Income 2017: $479,1612017Revenue 2018: $330,349Expenses 2018: $201,041Net Income 2018: $129,3082018Revenue 2019: $422,296Expenses 2019: $192,760Net Income 2019: $229,5362019Revenue 2020: $743,546Expenses 2020: $222,421Net Income 2020: $521,1252020Revenue 2021: $766,056Expenses 2021: $249,032Net Income 2021: $517,0242021Revenue 2022: $397,562Expenses 2022: $290,449Net Income 2022: $107,1132022Revenue 2023: $353,927Expenses 2023: $257,943Net Income 2023: $95,9842023Revenue 2024: $744,594Expenses 2024: $231,749Net Income 2024: $512,8452024

Highlighted filing

2020

Revenue$743,546
Expenses$222,421
Net Income$521,125
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 6, 2021
Return Version
2020v4.1
Gross Receipts
$751,422
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,669,746$5,175,893▲ $506,147
Savings and Temporary Cash Investments$249,434$286,168▲ $36,734
Cash and Non-Interest-Bearing Accounts$30,328$47,752▲ $17,424
Accounts Receivable$16,060$0▼ $16,060
Total Assets$4,965,568$5,509,813▲ $544,245
Liabilities
Grants Payable$113,747$232,407▲ $118,660
Accounts Payable and Accrued Expenses$51,250$55,000▲ $3,750
Total Liabilities$164,997$287,407▲ $122,410
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,894,165$3,004,482▲ $110,317
Net Assets Without Donor Restrictions$1,906,406$2,217,924▲ $311,518
Total Net Assets Fund Balance$4,800,571$5,222,406▲ $421,835
Total Liabilities and Net Assets / Fund Balance$4,965,568$5,509,813▲ $544,245

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$5,175,893--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$4,669,745-▲ $539,088-$5,175,893
2019$4,032,685-▲ $734,219-$4,669,745
2018$4,215,672$100,000▼ $245,245-$4,032,685
2017$3,636,345-▲ $606,575-$4,215,672
2016$3,301,817$109,000▲ $254,124-$3,636,345
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lara RobertsonExecutive DirectorPT$76,596$5,444$82,040

Board Members and Trustees

NameTitle
Taylor BledsoeChair
Charlotte HendersonVice Chair
Aimee Phipps-woodDirector
Allen SykesDirector
Andrea BarefieldDirector
Anna Clark-martinezDirector
Dan InghamDirector
Dudley HaasDirector
Duke NelsonDirector
Gretchen EichenburgDirector
Jackye ClaytonDirector
Jim PattonDirector
Joan FeltonDirector
Julie CarlsonDirector
Karyn MillerDirector
Kim KlarasDirector
Kira HaneyDirector
Lisa SaxenianDirector
Maria AguilarDirector
Maryann RiggsDirector
Rachel WildeDirector
Roman NovianDirector
Dr Susan KincannonSecretary
Steve MyattTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$92,944
Program Service Revenue
$0
Investment Income
$606,853
Other Revenue
$43,749
All Other Contributions
$69,688
Change in Net Assets
$521,125

Audited Revenue Reconciliation

Revenue per Audited Statements
$710,605
Revenue Not Reported on Financial Statements
$32,941
Revenue Not Reported on Form 990
$-66,349
Total Revenue per Audited Statements
$644,256
Total Revenue per Form 990
$743,546
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$184,211
Other Expenses$38,210
Total Fundraising Expense$1,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$151,961--$151,961
Grants to Domestic Individuals$32,250--$32,250
Fees for Services Accounting-$6,100-$6,100
Conferences and Meetings-$4,239-$4,239
Office Expenses-$1,271$1,000$2,271
Advertising-$495-$495
Other Expenses-$45-$45
Total Functional Expenses$184,211$37,210$1,000$222,421

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$222,421
Total Expenses per Audited Statements$222,421
Total Expenses per Form 990$222,421
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Waco IsdWaco, TX-To Assist With Non Budgeted District Expenses, Banquet, and Gwama Sponsorship$151,961
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$51,625
Fundraising Direct Expenses$7,876
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Celebrity Cook Off$51,625$51,625$3,916$47,709
Staff Drive$23,256-$3,960-
Total Events$74,881$51,625$7,876$43,749
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 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
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

“The executive committee of the board of directors reviews the form 990 before filing.”

Form 990, Part VI, Section B, Line 12C

“Annual discussion and signature required on conflict of interest statement”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Waco Isd Education Foundation
EIN
74-2728765
Phone
2547559510
Address
P O BOX 2369, WACO, TX 76703

Signing Officer

Name
Steve Myatt
Title
Treasurer
Phone
2547559510
Signed
2021-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Myatt
Formed
1994
Legal Domicile
TX
Voting Board Members
24
Independent Board Members
24
Employees
0
Volunteers
40

Preparer

Firm
Pattillo Brown & Hill Llp
Address
P O BOX 20725, WACO, TX 76702-0725
Preparer
Sharon M Herwald CPA
Phone
2547724901
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process has not changed from the prior year”

Financial Statement Notes

PART V, LINE 4:

“To generate sufficient earnings to provide 1) college scholarships to graduates of waco isd and 2) grants for waco isd classrooms.”

PART X, LINE 2:

“The foundation is a tax exempt entity for federal income tax purposes under internal revenue code section 501(c)(3) as long as the income derived is from the activities for which its charitable exemption was granted. Unrelated business income is subject to federal income taxes at corporate tax rates. The foundation had no unrelated business income in the years ended december 31, 2020 and 2019, respectively. There were no uncertain tax positions in either year. The foundation's tax returns are generally no longer subject to examination by the internal revenue service for three years after the date of filing.”

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IRS990/ActivityOrMissionDesc0THE 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.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt023256
IRS990/FundraisingDirectExpensesAmt07876
IRS990/FundraisingGrossIncomeAmt051625
IRS990/GainOrLossGrp/SecuritiesAmt0541433
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GrantAmt0164461
IRS990/GrantsPayableGrp/BOYAmt0113747
IRS990/GrantsPayableGrp/EOYAmt0232407
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt032250
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt032250
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0151961
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0151961
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0541433
IRS990/GrossReceiptsAmt0751422
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentExpenseAmt0-32941
IRS990/InvestmentIncomeGrp/ExclusionAmt065420
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt065420
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt04669746
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05175893
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04800571
IRS990/NetAssetsOrFundBalancesEOYAmt05222406
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0541433
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0541433
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt043749
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt043749
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-66349
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01906406
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02217924
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt01000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01271
IRS990/OfficeExpensesGrp/TotalAmt02271
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1DUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025060
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt145
IRS990/OtherExpensesGrp/TotalAmt025060
IRS990/OtherExpensesGrp/TotalAmt145
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STEVE MYATT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS 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 $366,850 IN SCHOLARSHIPS TO WACO ISD GRADUATES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt019750
IRS990/ProgSrvcAccomActy2Grp/GrantAmt019750
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0155869
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0172436
IRS990/PYInvestmentIncomeAmt0207750
IRS990/PYOtherExpensesAmt020324
IRS990/PYOtherRevenueAmt058677
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0229536
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0192760
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0422296
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0521125
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0249434
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0286168
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0144569
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0214546
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0246941
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0275072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt058072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0939200
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt065420
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt049263
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt047190
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt046300
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt033986
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0242159
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79500
IRS990ScheduleA/PublicSupportPY170Pct00.81670
IRS990ScheduleA/PublicSupportTotal170Amt0939200
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0144569
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0214546
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0246941
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0275072
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt058072
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0939200
IRS990ScheduleA/TotalSupportAmt01181359
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,509,813
Liabilities
$287,407
Net assets
$5,222,406
Revenue
$743,546
Expenses
$222,421
Net income
$521,125
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.86$0.25$6.61$0.74$0.23$0.51
2023Detailed filing. Detailed filing data is available for this year.$5.96$0.23$5.73$0.35$0.26$0.10
2022Detailed filing. Detailed filing data is available for this year.$5.24$0.25$5.00$0.40$0.29$0.11
2021Detailed filing. Detailed filing data is available for this year.$6.13$0.23$5.89$0.77$0.25$0.52
2020Detailed filing. Detailed filing data is available for this year.$5.51$0.29$5.22$0.74$0.22$0.52
2019Detailed filing. Detailed filing data is available for this year.$4.97$0.16$4.80$0.42$0.19$0.23
2018Detailed filing. Detailed filing data is available for this year.$4.23$0.11$4.13$0.33$0.20$0.13
2017Detailed filing. Detailed filing data is available for this year.$4.57$0.17$4.40$0.60$0.12$0.48
2016Detailed filing. Detailed filing data is available for this year.$3.91$0.18$3.72$0.22$0.10$0.13
2015Detailed filing. Detailed filing data is available for this year.$3.61$0.19$3.42$0.49$0.19$0.30
2014Detailed filing. Detailed filing data is available for this year.$3.57$0.12$3.45$0.33$0.14$0.19
2013Detailed filing. Detailed filing data is available for this year.$3.49$0.10$3.38$0.48$0.16$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$0.13$2.92$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.12$2.55$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.87$0.06$2.81$0.39