Waco Foundation

Fiscal year ending 2024. Filed on February 16, 2025.

1224 Austin Ave 100
Waco, Texas 76701

Waco Foundation (EIN: 74-6054628) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2024 IRS Form 990 filing, Waco Foundation, a 501(c)(3) charitable organization, reported compensation for 3 out of 17 total employees. Among the employees shown here, the average compensation is $149,226. The highest compensated employee at Waco Foundation is Ashley Allison with fiscal year 2024 compensation of $240,761.

Revenue, expenses, and employee compensation

Revenue

$8,580,319

Expenses

$7,200,164

Employee compensation

$1,230,472

Mission Statement

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 IT 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.