2026-02-13T14:29:06-08:00 2025-03-31 Isabel E Weeden CPA 160 River Ridge Drive Waco TX 76705 990 2024-04-01 746054628 WACO FOUNDATION WACO 2547543404 1224 AUSTIN AVE 100 Waco TX 76701 ASHLEY ALLISON Executive Director 2026-02-13 true true Isabel Weeden P01259370 2542928770 X 2024 2025-03-06 01:10:19Z ASHLEY ALLISON 49669472 false X WWW.WACOFOUNDATION.ORG X 1958 TX AS THE COMMMUNITY 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. 11 11 20 33 0 5800400 10509377 0 2764373 6271707 15546 39871 8580319 16820955 4299341 8126318 0 1230472 1990367 0 87227 1670351 2383144 7200164 12499829 1380155 4321126 142304864 148387558 779920 826854 141524944 147560704 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. false false 8423942 7604839 THIS INCLUDES ALL OTHER FUNDS OWNED AND MANAGED BY WACO FOUNDATION - 269 DESIGNATED, DONOR ADVISED, SCHOLARSHIP, FIELD OF INTEREST AND DISCRETIONARY FUNDS. 1194279 51189 45450 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) (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. (D) THE DELIVERY OF A CIVIC/COMMUNITY-ORIENTED LEADERSHIP SKILLS DEVELOPMENT PROGRAM. (E) SUPPORTING EFFORTS TO ADDRESS EARLY CHILDHOOD QUALITY OF LIFE FACTORS. 943971 394504 15569 WACO FOUNDATION OPERATING FUND: THIS FUND IS THE ORGANIZATION'S PRIMARY COMPETITIVE GRANTMAKING FUND, PROVIDING GRANTS TO NONPROFITS THAT SERVCE 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 11 INSTITUTIONS AND ORGANIZATIONS, INCLUDING SMALL NONPROFITS, WHICH ADDRESS BASIC HUMAN NEEDS, TO LARGE INSTITUTIONS WORKING TO INTERVENE WITH SYSTEMIC ISSUES THAT LEAD TO POVERTY. 350352 75786 DUNCAN SCHOLARS PROGRAM: THIS FUND SERVES AS AN ENHANCED EFFORT TO INCREASE COLLEGE COMPLETION RATES WHICH ELIMINATING STUDENT DEBT. QUALIFYING STUDENTS GRADUATING FROM WACO HIGH AND UNIVERSITY HIGH SCHOOLS ARE INVITED TO PARTICIPATE IN DUNCAN SCHOLARS. PARTICIPANTS RECEIVE ONE-ON-ONE FINANCIAL AID AND COLLEGE/CAREER ADVISING, ACCESS TO EMERGENCY ASSISTANCE FUND AND FULL-TUITION SCHOLARSHIPS FOR THEIR FIRST AND SECOND YEARS AT MCLENNAN COMMUNITY COLLEGE. IN ADDITION, STUDENTS WHO CONTINUE THEIR EDUCATION THROUGH THE UNIVERSITY CENTER OR BAYLOR UNIVERSITY ARE ELIGIBLE TO RECEIVE FULL-TUITION FOR THEIR LAST TWO YEARS. DURING THE 2024 TAX YEAR, 116 STUDENTS PARTICIPATED IN DUNCAN SCHOLARS. 350352 75786 10912544 true true false false false true false false false true true true false false false true false true false false true false false false false false false true true true false false false false false false false false true false false false false true true false false false true 26 0 true 20 true false false false false false false false 0 false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true true false X X ASHLEY ALLISON 2547543404 1224 AUSTIN AVE STE 100 WACO TX 76701 X Ashley Allison Executive Director 39.90 0.10 228250 0 29335 Isabel Weeden CFO/COO 39.90 0.10 167499 0 11052 MALCOM DUNCAN JR Trustee 2.50 0.10 X 0 0 0 MONTE HULSE Trustee 2.50 0.10 X 0 0 0 DILLON MEEK Trustee 2.50 0.10 X 0 0 0 KRISTEN MYNAR Trustee 2.50 0.10 X 0 0 0 MIKE RAYMOND Trustee 2.50 0.10 X 0 0 0 MELLI WICKLIFF Trustee 2.50 0.10 X 0 0 0 AARON ZIMMERMAN Trustee 2.50 0.10 X 0 0 0 WALTER ABERCROMBIE Trustee 2.50 0.10 X 0 0 0 SHERMAN AYRES Chairman 2.50 0.10 X 0 0 0 CHRIS MCSWAIN Trustee 2.50 0.10 X 0 0 0 SOO BATTLE Treasurer 2.50 0.10 X 0 0 0 395749 40387 2 false true false Neuberger Berman 1290 Avenue of the Americas New York NY 101040001 Invest Mgmt & Advisory 317405 1 411833 10097544 3857874 10509377 0 3348597 3348597 0 0 0 35771627 32848517 2923110 2923110 2923110 0 0 0 FEES CHARGED TO FUNDS 39296 39296 MISCELLANEOUS REVENUE 575 575 39871 16820955 6311578 7950991 7950991 175327 175327 0 0 428104 104400 312104 11600 0 1254655 857280 370649 26726 94299 42612 47854 3833 81651 45395 34699 1557 131658 75241 53418 2999 0 8593 3206 5387 55373 6025 49209 139 0 0 334504 334504 756925 744612 12313 62211 21142 41069 48986 16027 26810 6149 155710 93761 61949 0 123248 48625 74623 55107 38585 16522 0 76755 50808 25947 0 0 2947 210 2737 13129 3245 9884 Facilitated Svcs / Workshops 573868 573868 Special Events 86211 36666 15321 34224 Dues and Subscriptions 26844 22899 3945 Miscellaneous 2733 1619 1114 0 12499829 10912544 1500058 87227 388038 178846 2066501 12638781 0 25000 39032 0 0 3063848 1679401 0 20346 251542 168571 1657 82971 119038344 110988873 17654622 22689455 0 0 66854 69853 142304864 148387558 77277 139706 702643 687148 779920 826854 X 68576572 71885751 72948372 75674953 141524944 147560704 142304864 148387558 4321126 1714634 X X false true X true false X 4050927 6562582 6881732 4315574 7537477 29348292 0 0 4050927 6562582 6881732 4315574 7537477 29348292 70598 29277694 2913761 3189349 4193141 3569662 3349172 17215085 2203 29501 31704 0 46595081 130488 0.62830 0.58310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 83 186 2742028 7668134 2282254 5690160 11375811 137011747 true true 121449589 5319267 7479235 5188392 2006615 127053084 109868134 1073227 15248940 3006074 1734638 121449589 115142439 6057275 -4109464 5523180 1698936 109868134 98496049 12701487 6985260 976997 2063360 115142439 72934647 411807 27500275 1608965 741715 98496049 0.40440 0.20100 0.39460 false false false 41014 41014 167281 167022 259 43247 1549 41698 82971 22689455 F 22689455 X Part V, Line 4: Intended uses of the endowment fund. 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. Part X : FIN48 Footnote 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 TEH 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, 2025. CENTRAL AMERICA AND CARIBBEAN 0 0 INVESTMENTS 11748340 11748340 11748340 false false true true false false true 1st Presbt Church of Waco 1100 Austin Avenue Waco TX 76701 741207555 501(C)(3) 33506 0 ACLU Foundation 125 Broad Street 18th Floor New York NY 10004 136213516 501(C)(3) 11000 0 Advocacy Center 3312 Hillcrest Drive Waco TX 76708 741860195 501(C)(3) 7700 0 American Gateways PO BOX 2405 WACO TX 76703 742578266 501(C)(3) 12300 0 Angelo State Univ Schol Prog ASU Station 11048 San Angelo TX 76909 756002403 501(C)(3) 20000 0 Animal Birth Control Clin 3238 Clay Avenue Waco TX 76711 237110730 501(C)(3) 11150 0 Baylor Scott&WhiteCTX Fdn 2401 S 31st St Temple TX 76508 273513154 501(C)(3) 250250 0 Baylor University One Bear Place 97026 Waco TX 76798 741159753 501(C)(3) 88325 0 Better at Last PO Box 23689 Waco TX 76702 921550320 501(C)(3) 18000 0 Program / Operating Support Bowen Family Foundation PO Box 21983 Waco TX 76702 462429962 501(C)(3) 7793 0 Brown Univ Sports Fndn Gift Cashier Providence RI 02912 050258809 501(C)(3) 20000 0 California Community Fndn 717 W Temple Street Los Angeles CA 90012 953510055 501(C)(3) 10000 0 Cameron ParkZoo&Botanical 1703 North 4th Street Waco TX 76707 741290001 501(C)(3) 543500 0 Caritas of Waco 300 S 15th Street Waco TX 76701 741711575 501(C)(3) 133433 0 Church Under the Bridge 713 N 8th Street Waco TX 76707 742970795 501(C)(3) 15000 0 Cntrl Presbyterian Church 9191 Woodway Drive Waco TX 76712 741143049 501(C)(3) 30519 0 Communities in Schools 1001 Washington Avenue Waco TX 76701 742563411 501(C)(3) 7500 0 Compassion Ministries of Waco 1421 Austin Avenue Waco TX 76701 742698244 501(C)(3) 9047 0 Congregation AgudathJacob 4925 Hillcrest Drive Waco TX 76710 741200140 501(C)(3) 21441 0 Council on Foundations 1255 23rd Street NW Washington DC 20037 136068327 501(C)(3) 6750 0 Creative Waco PO Box 1104 Waco TX 76703 473755745 501(C)(3) 25750 0 Program / Operating Support Dayspring Baptist Church 7900 Renewal Way Woodway TX 76712 742688779 501(C)(3) 9000 0 Dr Pepper Museum 300 S 5th Street Waco TX 76701 742497117 501(C)(3) 25000 0 Small Capital Expense Empower Schools Inc 265 Franklin Street Ste 1702 Boston MA 02110 043534001 501(C)(3) 12500 0 Family Abuse Center PO Box 20395 Waco TX 76702 742080943 501(C)(3) 35350 0 Fellowship Christian Athletes 2911 Herring Waco TX 76708 440610626 501(C)(3) 20000 0 First Bapt Church of Waco 500 Webster Avenue Waco TX 76706 742734145 501(C)(3) 8000 0 First Bapt Churchof Glen Rose 201 West Gibbs Blvd Glen Rose TX 76043 751735924 501(C)(3) 12000 0 First Presbyterian Church 211 S Ave G Clifton TX 76634 741597398 501(C)(3) 20000 0 Foster Village Waco 9191 Woodway Drive Woodway TX 76712 833876579 501(C)(3) 5700 0 Ft Worth Stock Show PO Box 150 Fort Worth TX 76101 751790417 501(C)(3) 13220 0 Fuzzy Friends Rescue PO Box 20966 Waco TX 76703 752699210 501(C)(3) 6175 0 Grassroots Community Dev 1624 Colcord Avenue Waco TX 76707 742995407 501(C)(3) 148930 0 Immediate Impact / Program Support Haggai Intl Inst ALT 4725 Peachtree Corners Circle PeachtreeCorner GA 30092 580898309 501(C)(3) 16000 0 High Spirit East Comm 9 Waban Street Wellesley MA 02482 884101480 501(C)(3) 25000 0 Hispanic Leaders Network 2917 Sarah St Waco TX 76706 883189899 501(C)(3) 7500 0 Historic Waco 810 S 4th Street Waco TX 76706 741563772 501(C)(3) 82001 0 Hope Fellowship of Waco 1721 Sanger Avenue Waco TX 76707 501(C)(3) 9600 0 Hope Health Hospice 1085 North Main Street Providence RI 02904 510192422 501(C)(3) 9500 0 Hope Pregnancy Centers 6555 Powerline Rd Ste 308 Fort Lauderdale FL 44309 650213258 501(C)(3) 30000 0 HOT Behav Health Network PO Box 890 Waco TX 76703 741622958 501(C)(3) 11125 0 HOT Childrens Theatre 324 Fairway Road Woodway TX 76712 871290757 501(C)(3) 15000 0 Humane Society CTX PO Box 25 Waco TX 76703 742355124 501(C)(3) 22117 0 IntlOrthodox Christ Charities 110 West Rd Ste 360 Baltimore MD 21204 251679348 501(C)(3) 7000 0 Jewish Federation of Waco PO Box 8031 Waco TX 76714 741167963 501(C)(3) 38776 0 Jobs for the Future PO Box 650011 Austin TX 78765 061164568 501(C)(3) 38847 0 Keep Waco Beautiful Inc 502-B Austin Avenue Waco TX 76701 742164352 501(C)(3) 5035 0 KWBU - Brazos Valley PB Fdn 1 Bear Pl Unit 97296 Waco TX 76798 742674611 501(C)(3) 43960 0 Lake Shore Baptist Church 5801 Bishop Drive Waco TX 76710 742769146 501(C)(3) 28211 0 MCC Foundation 1400 College Drive Waco TX 76708 742550278 501(C)(3) 19296 0 McLennan Comm Inv Fund 605 Austin Avenue Ste 3 Waco TX 76701 844371176 501(C)(3) 11000 0 McLennan CommunityCollege 1400 College Drive Waco TX 76708 741541260 501(C)(3) 24027 0 McMurray Univ 1 McMurry University 188 Abilene TX 79697 750855633 501(C)(3) 20000 0 Meals on Wheels Waco 501 W Waco Drive Waco TX 76707 741776447 501(C)(3) 33955 0 Midway Booster Club PO Box 1001 Hewitt TX 76643 742809019 501(C)(3) 10000 0 Midway Little League PO Box 21253 Waco TX 76702 237376479 501(C)(3) 85000 0 Miles Christi 16935 W Bernardo Dr Ste 245 San Diego CA 92127 383560891 501(C)(3) 10000 0 Mission Waco MissionWorld 1315 N 15th St Waco TX 76707 742605621 501(C)(3) 260050 0 Large Capital Expense Natl Domestic Viol Hotline PO Box 90249 Austin TX 78709 751658287 501(C)(3) 10000 0 Nature Conservancy 4245 N Fairfax Dr Ste100Box43 Arlington VA 22203 530242652 501(C)(3) 61000 0 Neighborworks Waco 922 Franklin Avenue Waco TX 76701 742681649 501(C)(3) 38350 0 Piper Child Dev Center 315 Washington Avenue Waco TX 76701 741159753 501(C)(3) 8300 0 Planned Parenthood Gr TX 7424 Greenville Ave Ste 206 Dallas TX 75231 521243220 501(C)(3) 95132 0 Program / Operating Support Project World Prayers 849 Almar Ave Ste C PMB-422 Santa Cruz CA 95060 770575340 501(C)(3) 7000 0 Scott & White Healthcare Fdn 2401 S 31st St Temple TX 76508 273513154 501(C)(3) 50000 0 Program / Operating Support Seventh & James BaptistChurch 602 James Avenue Waco TX 76706 741157369 501(C)(3) 6949 0 St James Episcopal Church PO Box 1087 Black Mountain NC 28711 311629166 501(C)(3) 10000 0 St Albans Episcopal Church 305 N 30th St Waco TX 76710 741238428 501(C)(3) 33700 0 St Pauls Episc Day School 517 Columbus Ave Waco TX 76701 742691906 501(C)(3) 13000 0 St Pauls Episcopal Church 601 Columbus Ave Waco TX 76701 741109762 501(C)(3) 29936 0 Start Up Waco 605 Austin Ave Waco TX 76701 822094253 501(C)(3) 2006984 0 Sun Valley Writers Conf PO Box 957 Ketchum ID 83340 820496196 501(C)(3) 5800 0 Talitha Koum Institute PO Box 2202 Waco TX 76703 752849153 501(C)(3) 140200 0 Texas Rural Funders PO Box 650011 Austin TX 78765 861401662 501(C)(3) 750000 0 Texas Tribune Inc 919 Congress Ave 6th Floor Austin TX 78701 264527097 501(C)(3) 69396 0 The Salvation Army 4721 W Waco Drive Waco TX 76710 580660607 501(C)(3) 7508 0 The Salvation Army Waco Corps PO Box 268 Waco TX 76703 222406433 501(C)(3) 41750 0 The Waco Bridge PO Box 702 Waco TX 76703 264527097 501(C)(3) 15345 0 Transformation Waco 3005 Edna Avenue Waco TX 76708 830546031 501(C)(3) 417018 0 Unbound Now Austin 4300 W Waco Dr Ste 2BldgB-244 Waco TX 76701 431243999 501(C)(3) 8500 0 Unit Univ Fellowship of Waco 4209 N 27th St Waco TX 76708 746070818 501(C)(3) 10000 0 Univ of Denver Womens Tennis 2201 E Asbury Ave Denver CO 80210 840404231 501(C)(3) 20000 0 Vanguard College Preparatory 2517 Mt Carmel Dr Waco TX 76710 741815978 501(C)(3) 67993 0 VOICE 1105 Wooded Acres Dr Ste 110 Waco TX 76710 752491685 501(C)(3) 15000 0 Program / Operating Support Waco Civic Theatre Inc 1517 Lake Air Drive Waco TX 76710 741467606 501(C)(3) 106000 0 Waco Creative Art Center PO Box 114 Waco TX 76703 741721811 501(C)(3) 55400 0 Waco Family Medicine 1600 Providence Drive Waco TX 76707 742867580 501(C)(3) 43700 0 Waco Family Medicine Fndn 1600 Providence Drive Waco TX 76707 742446071 501(C)(3) 975650 0 Waco Habitat for Humanity 220 N 11th Street Waco TX 76701 752130884 501(C)(3) 47457 0 Waco ISD Education Foundation PO Box 2369 Waco TX 76703 742728765 501(C)(3) 10000 0 Waco Mammoth Fdn PO Box 326 Waco TX 76703 201161717 501(C)(3) 5322 0 Capacity Building Waco Montessori School 1920 Columbus Avenue Waco TX 76701 742615440 501(C)(3) 15223 0 Waco Reg Baptist Assoc PO Box 1848 Waco TX 76703 746011083 501(C)(3) 5874 0 Waco Symphony Assocn PO Box 1201 Waco TX 76703 746062658 501(C)(3) 12807 0 World Hunger Relief Inc 356 Spring Lake Road Waco TX 76705 741880456 501(C)(3) 59600 0 XOLO Foundation Inc 2707 Trail of the Madrones Austin TX 78746 991362925 501(C)(3) 10000 0 YMCA of the Rockies 2515 Tunnel Road Estes Park CO 80511 840404913 501(C)(3) 35000 0 You Can Mentor Inc 3308 Castle Avenue Waco TX 76710 844284598 501(C)(3) 17000 0 98 0 SCHOLARSHIPS PAID TO INDIVIDUALS 64 174327 Grantmaker's Description of How Grants are Used 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. 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 RECISSION OF FUNDS. X X X false false false false false false false false false Ashley Allison Executive Director 228250 23200 6135 257585 Isabel Weeden CFO/COO 167499 4917 6135 178551 X 31 3856374 AVG HIGH/LOW VALUES X CANON PRINTER 1 1500 APPRAISAL false true false Form 990, Part VI, Section B, Line 11b THE CFO EMAILS 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 REVIEWS THE FORM 990 AND ASKS ANY QUESTIONS ABOUT ITS CONTENTS PRIOR TO FILING. 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 15a IN DETERMINING THE EXECUTIVE DIRECTOR SALARY, THE BOARD USES THE COUNCIL ON FOUNDATIONS 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 100 TO 250 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 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 POLLING OF BOARD MEMBERS VIA TELEPHONE CALLS AND MEETINGS. THIS PROCESS IS PERFORMED ANNUALLY. THE PROCESS FOR SETTING ALL OTHER EMPLOYEE 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. THE 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. WF ASSETS INC - 1224 AUSTIN STE 100 WACO TX 76701 742783048 TYPE 1 SUPPORTING ORGANIZATION TX 501(C)(3) LINE 11 WACO FOUNDATION true SOLDIERS OF THE WOODEN CROSS LLC 859 BLUE CUT RD N MCGREGOR TX 76657 464136309 DISREGARDED ENTITY OF WF ASSETS TX 501(C)(3) LINE 11 WF ASSETS true WF REALTY ASSETS I LLC 1224 AUSTIN AVE STE 100 WACO TX 76701 455473050 DISREGARDED ENTITY OF WF ASSETS TX 501(C)(3) LINE 11 WF ASSETS true WF REALTY ASSETS II LLC 1224 AUSTIN AVE STE 100 WACO TX 76701 825509140 DISREGARDED ENTITY OF WF ASSETS TX 501(C)(3) LINE 11 WF ASSETS true WF REALTY ASSETS III LLC 1224 AUSTIN AVE STE 100 WACO TX 76701 825509140 DISREGARDED ENTITY OF WF ASSETS TX 501(C)(3) LINE 11 WF ASSETS true true true false true false false false false false false true false false false false false true false true WF ASSETS INC - a 76971 LOAN AGREEMENT WF ASSETS INC - b 295000 CASH WF ASSETS INC - d 1700000 LOAN AGREEMENT WF ASSETS INC - k 120000 LEASE AGREEMENT WF ASSETS INC - q 3343 CASH WF ASSETS INC - s 39291 ADMIN FEE