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Waco Entrepreneurial Ecosystem Collaborative
Also known as Start Up Waco
Waco Entrepreneurial Ecosystem Collaborative reported $10.8 million in revenue and $11.4 million in expenses for calendar year 2024. Of every $100 it spent, $94.87 went to program services, $5.13 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 96.6% of the total. The highest compensation it reported for one person was $139,276 (CEO). 1 person received more than $100,000 in reportable compensation. Revenue rose 2947% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $11MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.9% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.1% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 96.6% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.8% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $139,276 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.22% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 1 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 5.2 | 9.2 |
| Independent voting board members Part VI 1a–1b | 15 of 15 | 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
2024 · Form 990, Part III · the three largest programs by expenseStartup waco is building the Entrepreneurial Ecosystem of central texas and encouraging members to embrace a culture of innovation by empowering entrepreneurs and innovators to build and grow successful businesses. To achieve this goal, the organization operates a coworking accelerator space in downtown waco, and delivers programming aimed at three main groups of entrepreneurs: 1. Local business owners, 2. High-growth startups, and 3. Students
For local business owners, the largest program is our weekly entrepreneur networking event called the meetup. Each week, over 50 business owners gather to network and introduce their product or service to the larger community. From insights gained from this program we implement other program to support and address key needs of small business owners in our region
For students, we operated two main programs, one is an advisory program at the baylor university hankamer school of business, and the other is called gxg which began in june of 2022. Gxg is a student-athlete development program that connects business leaders and entrepreneurs to local student-athletes, and works directly with student-athletes to provide business education services, entrepreneurial support, and financial literacy training. This program is facilitated through a combination of in-person and virtual workshops, seminars and events, and helps provide a foundation to any…
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| CEO Highest compensated employee, 40.00 hrs/week | $120,902 | $0 | $18,374 | $139,276 |
1 people received more than $100,000 in reportable compensation from Waco Entrepreneurial Ecosystem Collaborative (Part VII, line 2). Compensation of current officers, directors and key employees totaled $121K (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
2024 · 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–1b15 · 15 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- 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 14bNo
- Employees Part I, line 57
- Volunteers Part I, line 650
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| TEAM VJ LLC Advisory services/marketing support | $600,000 |
| COURT XIV Advisory services/marketing support | $410,000 |
| CADEN JENKINS C8 LLC Advisory services/marketing support | $266,000 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to Waco Entrepreneurial Ecosystem Collaborative totaling $171K 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 Entrepreneurial Ecosystem Collaborative'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 Entrepreneurial Ecosystem Collaborative, you can publish a response that is linked from this page.
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Of every $100 Waco Entrepreneurial Ecosystem Collaborative spent in 2024, $94.87 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Waco Entrepreneurial Ecosystem Collaborative's spending goes to programs?
In calendar year 2024, Waco Entrepreneurial Ecosystem Collaborative reported that 94.9% of its $11.4 million in expenses went to program services, 5.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Waco Entrepreneurial Ecosystem Collaborative pay its top executive?
The largest total compensation Waco Entrepreneurial Ecosystem Collaborative reported for one person in calendar year 2024 was $139,276, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Waco Entrepreneurial Ecosystem Collaborative get its money?
Of $10.8 million in revenue in calendar year 2024, 96.6% came from contributions and grants and 1.8% from program service revenue (Form 990, Part VIII).
Is Waco Entrepreneurial Ecosystem Collaborative a registered charity?
The IRS lists EIN 82-2094253 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
- 2024: Form 990 for calendar year 2024, object 202523219349305957 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413209349325226 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313199349304421 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243189349316139 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103199349303780 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013189349312051 · read the filing
All filings for EIN 82-2094253: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.