Waco Foundation
Waco Foundation
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About this organization
Mission
The mission of Waco Foundation is to promote solutions to community challenges, strengthen our local nonprofits, engage philanthropists and manage charitable assets in order to improve quality of life in McLennan County.
About
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 five institutions and organizations, including small nonprofits, which address basic human needs, to large institutions working to intervene with systemic issues that lead to poverty.
Interesting data from their 2020 990 filing
The purpose of the non-profit, as set forth in the filing, is “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.”.
When discussing its purpose, they were characterized as: “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.”.
- The state in which the non-profit is legally authorized to operate is TX, as reported.
- The filing confirms that the non-profit's address in 2020 was 1227 N VALLEY MILLS DR STE 235, WACO, TX, 76710.
- The form of the non-profit reports 32 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $10,001,629.
- The organization has 10 independent voting members.
- The organization was formed in 1958.
- The organization pays $929,373 in salary, compensation, and benefits to its employees.
- The organization pays $72,289 in fundraising expenses.
Additional Non-Profits in the area
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