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Waco Foundation
Waco Foundation reported $16.8 million in revenue and $12.5 million in expenses for the fiscal year ending March 31, 2025. Of every $100 it spent, $87.30 went to program services, $12.00 to management and general costs and $0.70 to fundraising. Its largest source of revenue was contributions and grants: 62.5% of the total. The highest compensation it reported for one person was $257,585 (Executive Director). 2 people received more than $100,000 in reportable compensation. Revenue fell 17% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending March 31, 2025 · Form 990, Part IX, line 25 · total expenses $12MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending March 31, 2025 · Form 990, Part VIII · total revenue $17MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.3% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.0% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.7% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 62.5% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $257,585 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.06% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 2 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 141.7 | 56.6 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThis includes all other funds owned and managed by Waco Foundation - 269 designated, donor advised, scholarship, field of interest and discretionary funds
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…
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…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Executive Director Listed in Part VII, 39.90 hrs/week | $228,250 | $0 | $29,335 | $257,585 |
| CFO/COO Listed in Part VII, 39.90 hrs/week | $167,499 | $0 | $11,052 | $178,551 |
2 people received more than $100,000 in reportable compensation from Waco Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $428K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 520
- Volunteers Part I, line 633
Private foundation grants it received
9 private foundations reported grants to Waco Foundation totaling $365K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Waco Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Waco Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Waco Foundation spent in FY2025, $87.30 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Oregon Jewish Community FoundationPortland, OR · revenue $17M · programs 89.0% · FY2025
- Metro United WayLouisville, KY · revenue $17M · programs 67.0% · FY2025
- Pious Projects of AmericaBridgeview, IL · revenue $17M · programs 98.8% · 2024
- Northern New York Community FoundationWatertown, NY · revenue $17M · programs 90.3% · 2024
- Sun Angel FoundationTempe, AZ · revenue $17M · programs 78.5% · FY2025
All philanthropy, voluntarism & grantmaking charities · Largest charities in Texas
Questions people ask
How much of Waco Foundation's spending goes to programs?
In the fiscal year ending March 31, 2025, Waco Foundation reported that 87.3% of its $12.5 million in expenses went to program services, 12.0% to management and general and 0.7% to fundraising (Form 990, Part IX).
How much does Waco Foundation pay its top executive?
The largest total compensation Waco Foundation reported for one person in the fiscal year ending March 31, 2025 was $257,585, for the role of Executive Director (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Waco Foundation get its money?
Of $16.8 million in revenue in the fiscal year ending March 31, 2025, 62.5% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Waco Foundation a registered charity?
The IRS lists EIN 74-6054628 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending March 31, 2025, object 202600449349302265 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending March 31, 2024, object 202500479349300410 · read the filing
- FY2023: Form 990 for the fiscal year ending March 31, 2023, object 202420469349300607 · read the filing
- FY2022: Form 990 for the fiscal year ending March 31, 2022, object 202300469349300430 · read the filing
- FY2021: Form 990 for the fiscal year ending March 31, 2021, object 202230459349301748 · read the filing
- FY2020: Form 990 for the fiscal year ending March 31, 2020, object 202140439349302279 · read the filing
All filings for EIN 74-6054628: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.