2022-02-14T13:38:26-07:00 2021-03-31 990 2020-04-01 746054628 WACO FOUNDATION WACO 2547543404 1227 N VALLEY MILLS DR STE 235 WACO TX 76710 ASHLEY DULSKI EXECUTIVE DIRECTOR 2547433404 2022-02-11 1 11 1 AAL2 2020 2022-09-23 18:48:47Z Ashley Dulski 1227 N Valley Mills Dr Suite 235 Waco TX 76710 40441271 0 X WWW.WACOFOUNDATION.ORG X 1958 TX AS THE COMMUNITY FOUNDATION SERVING MCLENNAN COUNTY, TEXAS, WACO FOUNDATION IS AN INDEPENDENT PUBLIC CHARITY THAT STEWARDS PHILANTHROPIC RESOURCES FROM INSTITUTIONAL AND INDIVIDUAL DONORS AND DIRECTS THEIR USE FOR THE BENEFIT OF COMMUNITY-BASED CHARITIES. THE GOAL OF WACO FOUNDATION IS TO INCREASE QUALITY OF LIFE IN THE GEOGRAPHIC AREA IT SERVES, MCLENNAN COUNTY. WACO FOUNDATION DEVOTES THE RESOURCES IN ITS CARE TO EFFORTS THAT IDENTIFY AND ADDRESS THE COMMUNITY'S GREATEST NEEDS. ACTIVITIES ARE GOVERNED BY A VOLUNTARY, ROTATING BOARD OF TRUSTEES COMPRISED OF PEOPLE FROM THE COMMUNITY, WHICH USES ITS VARIANCE POWER TO ENSURE THAT THE INTERESTS OF THE ENTIRE COMMUNITY ARE THE FOCUS OF THE WORK AND THAT THE WORK REMAINS RELEVANT OVER TIME. 10 10 23 10 2203 0 7588585 4050927 0 0 12686081 4380207 30962 477362 20305628 8908496 6266952 4645968 0 0 1016847 834934 0 0 70179 1230603 1272889 8514402 6753791 11791226 2154705 87878638 115989579 572667 448774 87305971 115540805 X THE MISSION OF WACO FOUNDATION IS TO PROMOTE SOLUTIONS TO COMMUNITY CHALLENGES, STRENGTHEN LOCAL NONPROFITS, ENGAGE PHILANTHROPISTS AND MANAGE CHARITABLE ASSETS IN ORDER TO IMPROVE QUALITY OF LIFE IN MCLENNAN COUNTY. 1 0 434943 367236 28003 WACO FOUNDATION OPERATING FUND: THIS FUND IS THE ORGANIZATION'S PRIMARY COMPETITIVE GRANTMAKING FUND, PROVIDING GRANTS TO NONPROFITS THAT SERVE MCLENNAN COUNTY RESIDENTS, ALONG WITH OTHER FUNDS (DISCRETIONARY AND SELECTED FIELD OF INTEREST FUNDS) THAT SUPPORT OUR COMPETITIVE GRANT PROGRAM. THE FOUNDATION PROVIDES SUPPORT TO SEVERAL COMMUNITY-WIDE EFFORTS DESIGNED TO END SYSTEMIC POVERTY AND PROMOTE EDUCATION AND HEALTH. THE GRANTS MADE FROM OUR DISCRETIONARY PROGRAM BENEFITED OVER TWENTY INSTITUTIONS AND ORGANIZATIONS, INCLUDING SMALL NONPROFITS, WHICH ADDRESS BASIC HUMAN NEEDS, TO LARGE INSTITUTIONS WORKING TO INTERVENE WITH SYSTEMIC ISSUES THAT LEAD TO POVERTY. 337905 209133 0 MAC COLLEGE MONEY PROGRAM: THIS FUND WAS ESTABLISHED TO PROVIDE 1ST AND 2ND YEAR GRANTS TO STUDENTS ATTENDING MCLENNAN COMMUNITY COLLEGE AND TEXAS STATE TECHNICAL COLLEGE IN MCLENNAN COUNTY. IN ADDITION, 3RD AND 4TH YEAR SCHOLARSHIPS ARE ALSO PROVIDED TO PREVIOUS GRANT RECIPIENTS WHO WANT TO CONTINUE THEIR EDUCATION AT ANY 4-YEAR COLLEGE WITHIN OR OUTSIDE THE MCLENNAN COUNTY AREA. DURING THE 2020 TAX YEAR, 205 MCLENNAN COUNTY SENIORS ENROLLED IN THE MAC COLLEGE MONEY PROGRAM. THE SENIOR MAC AND SCHOLARSHIPS COORDINATOR AND THE MAC AND SCHOLARSHIPS COORDINATOR OF THE PROGRAM ASSIST STUDENTS IN COMPLETING THEIR ANNUAL FAFSA IN ORDER TO ACCESS FEDERAL STUDENT AID GRANTS. 662265 0 0 "ORGANIZATIONAL MISSION" PROGRAM: THIS FUND PROVIDES GRANTS AND SERVICES THAT PROMOTE NONPROFIT AND PUBLIC SECTOR EFFORTS TO ADDRESS COMMUNITY CHALLENGES. PROGRAM ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO: (A) THE AWARD OF SMALL ASSISTANCE GRANTS TO HELP NONPROFITS SECURE NONPROFIT MANAGEMENT GUIDANCE, SERVICE OR EXPERTISE. THIS INCLUDES HELP FROM A PROFESSIONAL NONPROFIT CONSULTANT, TOPICAL TRAININGS (E.G. FUND DEVELOPMENT, PROPOSAL WRITING) OR PROFESSIONAL DEVELOPMENT COURSES; (B) PROVIDING ACCESS TO FIELD/SECTOR SPECIFIC EDUCATIONAL RESOURCES OR THE DELIVERY OF TRAININGS INTENDED TO SUPPORT COMMUNITY ORIENTED PROBLEM SOLVING AND SYSTEMS LEVEL STRATEGIZING (E.G. MEETING FACILITATION, RACIAL EQUITY); (C) THE CREATION, IDENTIFICATION, OR SHARING (VIA WEBSITES AND NEWSLETTERS) OF RESOURCES AND INFORMATION ON A VARIETY OF TOPICS INCLUDING BUT NOT LIMITED TO FUND DEVELOPMENT, FINANCIAL MANAGEMENT AND SUSTAINABILITY, LEADERSHIP, BEST PRACTICES IN NONPROFIT MANAGEMENT, RACIAL EQUITY; (D) THE DELIVERY OF A CIVIC/COMMUNITY-ORIENTED LEADERSHIP SKILLS DEVELOPMENT PROGRAM; (E) SUPPORTING EFFORTS TO ADDRESS EARLY CHILDHOOD QUALITY OF LIFE FACTORS. 4326053 4069599 0 THIS INCLUDES ALL OTHER FUNDS OWNED AND MANAGED BY WACO FOUNDATION - 231 DESIGNATED, DONOR ADVISED, SCHOLARSHIP, FIELD OF INTEREST AND DISCRETIONARY FUNDS. TEN OF THE FOUNDATION'S DISCRETIONARY AND SELECT FIELD OF INTEREST FUNDS GAVE GRANTS TO ONE OF THE FOUNDATION'S PROGRAM FUNDS, THE ORGANIZATIONAL MISSION PROGRAM. 4326053 4069599 0 5761166 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 24 0 23 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X MARTHA STUHR CPA 2547543404 1227 N VALLEY MILLS DR STE 235 WACO TX 76710 Ashley Dulski Executive Director 39.9 0.1 X 176552 0 22504 Leslie Mitchell Director of Finance 29.75 0.25 X 53964 0 5222 Martha Stuhr Director of Finance 39.75 0.25 X 28021 0 0 Malcolm Duncan Jr Chair 2.5 0.1 X X 0 0 0 Sherman Ayres Vice-Chair 2.5 0.1 X X 0 0 0 Soo Battle Trustee 2.5 0.1 X 0 0 0 Kristen Mynar Trustee 2.5 0.1 X 0 0 0 Mike Bidwell Trustee 2.5 0.1 X 0 0 0 Monte Hulse Trustee 2.5 0.1 X 0 0 0 Chris McSwain Secretary/Treasurer 2.5 0.1 X X 0 0 0 Mike Raymond Trustee 2.50 0.1 X 0 0 0 Aaron Zimmerman Trustee 2.5 0.1 X 0 0 0 Melli Wickliff Trustee 2.5 0.1 X 0 0 0 258537 0 27726 1 0 1 0 Neuberger Berman 1290 Avenue of the Americas NEW YORK NY 101040001 INVESTMENT CONSULTING 147118 1 0 0 0 0 0 4050927 956561 4050927 0 1413550 0 2203 1411347 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 34499432 0 31532775 0 2966657 0 2966657 0 0 2966657 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Income from Fees Charged to Funds 900099 28003 28003 0 0 Gain on Life Insurance 900099 449359 0 0 449359 0 0 0 0 477362 8908496 28003 2203 4827363 4258541 4258541 387427 387427 0 0 0 0 284683 117336 147361 19986 0 0 0 0 442934 225148 181692 36094 22840 10144 10713 1983 33937 9708 21625 2604 50540 23916 22721 3903 0 0 0 0 657 0 657 0 27939 0 27939 0 0 0 0 0 0 0 296783 296783 0 279843 272188 7655 0 30318 9462 20856 0 67178 17737 43832 5609 70550 33360 37190 0 0 0 0 0 90085 37181 52904 0 0 0 0 0 0 0 0 0 9014 4394 4620 0 0 0 0 0 0 0 0 0 1641 0 1641 0 6266 2506 3760 0 Workshop/Facilitated Services 344044 344044 0 0 Receptions and Events 15084 3649 11435 0 Dues and Subscriptions 8969 2502 6467 0 Miscellaneous 24518 1923 22595 0 6753791 5761166 922446 70179 200 200 9852188 8339620 0 330786 163020 164216 162365 1610 1851 55515459 96153653 22072106 11273408 106289 57827 87878638 115989579 156715 52324 415952 396450 0 0 0 0 0 0 0 0 0 0 0 0 0 0 572667 448774 X 50965888 54613435 36340083 60927370 87305971 115540805 87878638 115989579 X 2154705 25967077 0 0 0 113052 X 0 1 X 1 0 X 5516301 3807805 5715014 7588585 4050927 26678632 0 0 0 0 0 0 0 0 0 0 0 0 5516301 3807805 5715014 7588585 4050927 26678632 3422908 23255724 693733 944695 1074931 1120776 1411347 5245482 3635 0 24149 49454 2203 79441 0 0 0 0 0 0 32003555 53694 0.72666 0.73366 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77 154 1720292 2330635 2865313 1780655 9562372 106427207 1 1 72934647 411807 27500275 1608965 0 741715 98496049 81901646 1798741 -7069085 2948786 0 747869 72934647 75494427 7011977 1575559 1413921 0 766396 81901646 68623096 1965313 7049053 1451461 0 691574 75494427 61497231 1628606 7342035 1165575 0 679201 68623096 0.384 0.2305 0.3855 0 0 0 0 0 0 0 0 0 0 0 0 0 0 164216 162365 1851 0 0 0 0 1851 11273408 F 0 11273408 0 0 X Schedule D, Part V, Line 4 THE ENDOWMENTS OF WACO FOUNDATION ARE INTENDED TO PROVIDE INCOME TO VARIOUS CHARITABLE ORGANIZATIONS AND ACTIVITIES IN MCLENNAN COUNTY, TEXAS AS WELL AS MAINTAIN THEIR REAL VALUE OVER TIME. SOME ENDOWED FUNDS ARE ESTABLISHED TO PROVIDE SUPPORT FOR SPECIFIC, DESIGNATED CHARITIES. OTHER FUNDS, ESTABLISHED FOR GENERAL CHARITABLE COMMUNITY BETTERMENT OR A SPECIFIC CHARITABLE FIELD OF INTEREST, WILL PROVIDE GRANTS OF INCOME TO DIFFERENT CHARITIES EVERY YEAR ACCORDING TO COMMUNITY NEEDS AND THE FINDINGS OF THE DELIBERATIONS OF THE ORGANIZATION'S BOARD OF TRUSTEES. Schedule D, Part X, Line 2 THE FOUNDATION AND ITS SUPPORTING ORGANIZATION ARE EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). IN ACCORDANCE WITH IRC REGULATIONS, THE FOUNDATION IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE FOUNDATION. THE FOUNDATION ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE FOUNDATION BELIEVES THAT THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS EVALUATED ALL ITS TAX POSITIONS AND DETERMINED THAT IT HAD NO UNCERTAIN INCOME TAX POSITIONS AS OF MARCH 31, 2021. Central America and the Caribbean 0 0 Investments 8593031 0 0 8593031 0 0 1 1 0 0 1 American Gateways PO Box 2405 Waco TX 76703 742578266 15000 COVID-19 Support for the Immigrant Community of McLennan County Animal Birth Control Clinic Inc 3238 Clay Ave Waco TX 767111210 237110730 6000 General Support Antioch Community Church 505 N 20th St Waco TX 76707 742918395 44000 Waco Relief Fund, General Support Antioch Ministries International 505 N 20th St Waco TX 76707 742671872 17260 General Support Baylor University - University Advancement 1 Bear Pl Unit 97050 Waco TX 767987050 741159753 160587 Joe T. Brownfield Foundation Scholarship Fund Bosque Museum PO Box 345 Clifton TX 76634 237382016 5500 the Bosque Museum Match Fund Cameron Park Zoological and Botanical Society 1703 N 4th St Waco TX 76707 741290001 6250 General Support Caritas of Waco 300 S 15th St Waco TX 76701 741711575 91415 General Support CASA of McLennan County 1208 North 5th Street Waco TX 76707 455401776 6000 General Support Catholic Foundation - Diocese Of Austin 6225 Hwy 290 E Austin TX 787231025 263929913 10000 Encountering Christ Campaign Central Texas Senior Ministry PO Box 85 Waco TX 76703 741776447 25570 General Support City of Mart PO Box 360 Mart TX 76664 746001700 212500 Road Work Columbus Avenue Baptist Church 1300 Columbus Ave Waco TX 767011198 741282694 160587 General Support Communities Foundation of Texas 5500 Caruth Haven Ln Dallas TX 752258146 750964565 64000 General Support Community Cancer Association PO Box 5002 Waco TX 76708 746061914 11070 General Support Compassion Ministries of Waco Inc 1421 Austin Ave Waco TX 76701 742698244 20649 General Support Congregation Agudath Jacob 4925 Hillcrest Dr Waco TX 76710 741200140 20850 General Support Connected Nation Inc PO Box 3448 Bowling Green KY 42102 611394934 305500 General Support Creative Waco PO Box 1104 Waco TX 76703 473755745 20050 General Support Cultural Arts of Waco 814 Elm Ave Waco TX 76704 050616886 54389 Doris Miller Memorial Dayspring Baptist Church 7900 Renewal Way Woodway TX 76712 742688779 8884 General Support Family Abuse Center PO Box 20395 Waco TX 76702 742080943 34500 General Support Feed My Sheep Ministry Inc PO Box 341 Bell FL 32619 454739977 17500 House of Grace Fuzzy Friends Rescue PO Box 20966 Waco TX 76702 752699210 14050 Guardian Angel Society, General Support Grassroots Community Development 1624 Colcord Avenue Waco TX 76707 742995407 83124 Winter Storm Relief Funds, General Support Greater Waco Legal Services PO Box 689 Waco TX 767030689 814815182 23050 General Support Haggai International Institute for Advanced Leadership Training Inc PO Box 13 Atlanta GA 30370 580898309 11780 General Support Heart of Texas Community Health Center Inc 1600 Providence Dr Waco TX 76707 742446071 113950 Building Family Medicine Capital Campaign, Family Planning Services Heart of Texas Region MH-MR Center PO Box 890 Waco TX 767030890 741622958 10000 General Support, Family Planning Services Historic Waco Foundation Inc 810 S 4th St Waco TX 76706 741563772 69165 General Support Hope Pregnancy Centers Inc DBA Hope Womens Centers 991 SW 71st Avenue Administrative Business Office North Lauderdale FL 33068 650213258 40000 General Support Humane Society of Central Texas 2032 Circle Rd Waco TX 76706 742355124 50254 General Support International Corrugated Packaging Foundation 113 South West Street Floor 3 Alexandria VA 22314 541366696 10000 Funding Scholarships International Orthodox Christian Charities Inc 110 West Rd Ste 360 Baltimore MD 21204 251679348 11000 Disaster Relief, Emergency Services Jewish Federation of Waco PO Box 8031 Waco TX 76714 741167963 40766 General Support KWBU - Brazos Valley Public Broadcasting Foundation 1 Bear Pl Unit 97296 Waco TX 767987296 742674611 10600 General Support McLennan Community College Foundation 1400 College Dr Waco TX 76708 742550278 15172 General Support McLennan Community Investment Fund 225 South Fifth Street Waco TX 76701 844371176 10000 General Support Mission Waco Mission World Inc 1315 N 15th St Waco TX 76707 742605621 15400 General Support National Christian Charitable Foundation Inc 11625 Rainwater Drive Suite 500 Alpharetta GA 30009 581493949 940655 General Support Planned Parenthood of Greater Texas Inc 7424 Greenville Ave Ste 206 Dallas TX 75231 521243220 17315 General Support Project World Prayers 849 Almar Ave Suite C PMB-422 Santa Cruz CA 95060 770575340 5580 General Support Prosper Waco 5002 Lakeland Circle Suite B Waco TX 76710 465714986 117457 General Support Providence Foundation Inc 6901 Medical Pkwy Waco TX 76712 742683112 88833 General Support Providence Hospice 6700 Sanger Ave Waco TX 76710 752653292 26000 General Support Re-Engaged Ministries PO Box 216 Penns Park PA 18943 473565011 15000 General Support Seventh and James Baptist Church 602 James Ave Waco TX 767061476 741157369 6331 General Support St Alban's Episcopal Church 305 N 30th St Waco TX 76710 741238428 37000 General Support Start Up Waco Greater Waco Chamber of Commerce PO Box 1220 Waco TX 767031220 822094253 130000 General Support Stilwell Retirement Residence 5400 Laurel Lake Dr Waco TX 76710 741492082 37995 Building Improvements St Jude Children's Research Hospital 501 St Jude Place Memphis TN 38105 620646012 15500 Research Program, General Support St Paul's Episcopal Church 601 Columbus Ave Waco TX 76701 741109762 7758 General Support Talitha Koum Institute (Crossties Ministries) PO Box 2202 Waco TX 76703 752849153 14200 General Support Texas Tribune Inc 919 Congress Ave 6th Floor Austin TX 78701 264527097 5250 General Support The Cove Heart of Texas PO Box 1956 Waco TX 76703 474864862 20120 General Support The Salvation Army - Waco Corps 4721 W Waco Dr Waco TX 76710 580660607 41554 General Support The University of Texas at Austin - University Leadership Network 2304 Whitis Ave STOP F800 Austin TX 78712 746000203 7000 General Support Unbound Waco 4300 W Waco Dr Ste 2 Bldg B - 244 Waco TX 76710 844960264 11500 Light Up the Dark 5K, General Support Unitarian Universalist Fellowship of Waco 4209 N 27th St Waco TX 76708 746070818 47960 Improvements/Repairs, Marketing & Communications, General Support United Way of Waco-McLennan County PO 7634 Waco TX 76714 741189027 51766 General Support University of Notre Dame 1251 N Eddy St Ste 300 South Bend IN 46617 350868188 300000 General Support University of Texas - College of Fine Arts 2301 Trinity ST STOP D1400 Office of the Dean Austin TX 787121424 746000203 10000 General Support Valor Preparatory Academy 4600 Sanger Avenue Waco TX 76710 463834044 53000 General Support Vanguard Charitable PO Box 9509 Warwick RI 028899509 232888152 100000 General Support Waco Creative Art Center PO Box 114 Waco TX 767030114 741721811 20100 General Support Waco Habitat for Humanity 220 N 11th St Waco TX 76701 752130884 34315 Winter Storm Relief Funds, General Support Waco-McLennan County Public Health District 225 W Waco Dr Waco TX 76707 746002468 49783 Community Health Worker Initiative Waco Regional Baptist Association PO Box 1848 Waco TX 76703 746011083 17478 General Support Waco Symphony Association Inc PO Box 1201 Waco TX 76703 746062658 7510 General Support YMCA of Central Texas PO Box 20515 Waco TX 76702 742668685 22385 General Support 70 0 Scholarships paid to Individuals 184 387427 0 Schedule I, Part I, Line 2 EACH GRANT RECIPIENT IS SENT A COPY OF THEIR AWARD LETTER AND CONTRACT OUTLINING THE TERMS OF THE GRANT AWARD AND INSTRUCTIONS ON HOW TO REQUEST DISBURSEMENTS. THE SENIOR DIRECTOR OF COMMUNITY INVESTMENT AND OPERATIONS SCHEDULES A MEETING WITH THE RECIPIENT IF FURTHER EXPLANATION IS REQUIRED. THE SIGNED CONTRACT MUST BE RETURNED TO WACO FOUNDATION BEFORE THE FIRST DRAW CAN BE MADE. TYPICALLY, TO ACCESS THE FUNDS, THE ORGANIZATION MUST SUBMIT A CHECK REQUEST AND EXPENSE DOCUMENTATION OF WHEN, WHERE AND HOW THE MONEY WAS SPENT. THE SENIOR DIRECTOR OF COMMUNITY INVESTMENT AND OPERATIONS REVIEWS AND APPROVES THE CHECK REQUESTS AND DOCUMENTATION; AND ANY DISCREPANCIES BETWEEN HOW THE MONEY WAS SPENT AND WHAT FUNDS WERE ALLOTTED FOR ARE IMMEDIATELY ADDRESSED. DUE TO COVID-19, THE FOUNDATION ADJUSTED ITS GRANTMAKING TO INCLUDE SOME ADVANCE PAYMENTS FOR SPECIFIC EXPENSES (AGREED UPON WITH THE APPLICANT AS PART OF THEIR APPLICATION OR CORRESPONDENCE WITH STAFF). EACH "ADVANCED FUNDS" GRANTEE AGREED, VIA CONTRACT TERMS, TO COMPLY WITH USING FUNDS AS DESCRIBED AND ALSO PROVIDE PROOF OF USE. THE SENIOR DIRECTOR OF COMMUNITY INVESTMENT AND OPERATIONS MAINTAINS THE GRANT FILES. DEPENDING ON THE LENGTH OF THE PROJECT, ORGANIZATIONS MAY BE REQUIRED TO COMPLETE AN INTERIM EVALUATION REPORT SIX MONTHS AFTER THE GRANT HAS BEEN AWARDED (AN INTERIM REPORT IS NOT ALWAYS REQUIRED FOR SHORTER TERM GRANTS). ALL GRANTEES MUST SUBMIT A CLOSE-OUT REPORT UPON FINAL DRAW. THE TRUSTEES RECEIVE COPIES OF INTERIM AND CLOSE OUT GRANT REPORTS, EXPLAINING HOW FUNDS WERE USED. IN ADDITION, THE BOARD REVIEWS A LIST OF GRANT CHECKS WRITTEN AND ARE APPRISED OF ANY REQUESTS FOR REALLOCATION OR RESCISSION OF FUNDS. X X X 0 0 0 0 0 0 0 0 0 Ashley Dulski Executive Director 159552 0 0 0 17000 0 17700 0 4804 0 199056 0 X 34 956561 AVG HIGH/LOW VALUES 0 1 0 Form 990, Part III, Line 2 THE FOUNDATION HELPED ESTABLISH A RELIEF/RECOVERY FUND (IN PARTNERSHIP WITH UNITED WAY) TO ADDRESS THE IMPACT OF COVID ON INDIVIDUALS AND FAMILIES. DUE TO WINTER STORM URI (FEBRUARY 2021), THE FOUNDATION ESTABLISHED A SECOND RELIEF FUND THAT WAS USED TO PROVIDE EMERGENCY HOME REPAIR ASSISTANCE AND FINANCIAL SUPPORT TO ELIGIBLE AREA RESIDENTS AND SOME NONPROFITS. Form 990, Part VI, Section B, Line 11b THE DIRECTOR OF FINANCE EMAILS TO THE BOARD OF TRUSTEES A COPY OF THE COMPLETED, UNFILED FORM 990, WITH AN EXPLANATION OF THE MOST IMPORTANT ITEMS OF INTEREST ON THE FORM. THE BOARD IS GIVEN AN OPPORTUNITY TO REVIEW THE FORM 990 AND ASK QUESTIONS ABOUT ITS CONTENTS. Form 990, Part VI, Section B, Line 12c CONFLICTS OF INTEREST ARE DETERMINED AND REVIEWED ON THE LEVELS OF EXECUTIVE DIRECTOR, COMMITTEE MEMBERS AND BOARD MEMBERS. IF THERE IS REASON TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OR DUALITY OF INTEREST, THEY WILL BE GIVEN AN OPPORTUNITY TO EXPLAIN. UPON FURTHER INVESTIGATION, THE BOARD OR COMMITTEE MAY TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION, WHICH MAY RESULT IN THE REMOVAL OF THAT PERSON FROM THEIR BOARD POSITION, OR TERMINATION OF EMPLOYMENT, IF AN EMPLOYEE. IF A MEMBER DISCLOSES A CONFLICT OR DUALITY OF INTEREST, THEY ARE ALLOWED TO REMAIN IN THE BOARD MEETING DURING DISCUSSIONS, BUT ARE REQUIRED TO ABSTAIN FROM VOTING ON THE SUBJECT. Form 990, Part VI, Section B, Line 15 IN DETERMINING THE EXECUTIVE DIRECTOR'S SALARY, THE BOARD USES THE COUNCIL ON FOUNDATION'S SALARY SURVEY, WHICH HAS INFORMATION ON EXECUTIVES FROM OTHER FOUNDATIONS AND INCLUDES COMPARISON DATA RELATED TO SIMILAR ASSET SIZE AND DIFFERENCES IN WAGE RATES BASED ON GEOGRAPHY. WACO FOUNDATION CONSIDERS FOR COMPARISON COMMUNITY FOUNDATIONS IN THE 50 TO 100 MILLION ASSET RANGE AND THAT ARE LOCATED IN THE SOUTHWEST REGION OF THE UNITED STATES. A COMPENSATION PACKET, WHICH INCLUDES INFORMATION ON EXECUTIVE PERFORMANCE, IS REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO THE BOARD'S VOTE ON SALARIES, AND IS MAINTAINED AS A PART OF THE ORGANIZATIONAL RECORDS. INPUT FROM THE FULL BOARD IS OBTAINED THROUGH FORMAL ONLINE SURVEYS OF OBJECTIVE CRITERIA OR THROUGH THE CHAIRMAN'S POLLING OF BOARD MEMBERS VIA TELEPHONE CALLS AND MEETINGS. THIS PROCESS IS PERFORMED ANNUALLY. THE PROCESS FOR SETTING ALL OTHER EMPLOYEES' SALARIES IS BASED ON THE SAME SALARY SURVEY AND AN ANNUAL PERFORMANCE REVIEW. ALL SALARIES ARE APPROVED BY THE BOARD. Form 990, Part VI, Section C, Line 18 THE FOUNDATION'S FORM 1023 IS AVAILABLE UPON REQUEST. OUR MOST RECENTLY FILED FORM 990 IS AVAILABLE ON GUIDESTAR AND UPON REQUEST, AND OUR MOST RECENTLY FILED FORM 990T IS AVAILABLE UPON REQUEST. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. Form 990, Part XI, Line 9 OTHER CHANGES IN NET ASSETS: 113,052 REPRESENTS PARTNERSHIP DISTRIBUTIONS FROM PUBLICLY-TRADED LIMITED PARTNERSHIPS. THE SCHEDULE K-1'S FOR 2020 REFLECT BUSINESS GAINS, WHICH CREATES A BOOK-TAX DIFFERENCE BETWEEN THE AMOUNT RECEIVED AND THE AMOUNT THAT IS CONSIDERED UNRELATED BUSINESS INCOME. WF ASSETS INC 1227 N VALLEY MILLS DR STE 235 WACO TX 76710 742783048 TYPE 1 SUPPORTING ORGANIZATION TX 501(C)(3) LINE 11, TYPE 1 WACO FOUNDATION 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 WF ASSETS INC c 230710 Cash WF ASSETS INC s 28003 Administration Fee Income - Cash received from WF Assets, Inc.