Historic Waco Foundation Inc
- Assets
- $2.7m
- Revenue
- $447.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Waco, TX
- Founding
- 01/1968
- Data as of
- 12/2021
- EIN
- 74-1563772
Organization Overview
Historic Waco Foundation Inc is located in Waco, TX. The organization was established in 1968. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Historic Waco Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Waco Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Historic Waco Foundation Inc generated $447.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $314.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT, MAINTAIN, PRESERVE, PUBLISH AND INTERPRET THE HERITAGE AND HISTORY OF WACO, MCLENNAN COUNTY, TEXAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION OF HISTORIC HOMES WITHIN THE WACO AREA AND PROMOTING ECONOMIC GROWTH WITHIN THE COMMUNITY;SERVES APPROXIMATELY 60,000 PERSONS DURING THE YEAR.
EDUCATION PROGRAMS REGARDING HISTORIES OF EVENTS, PLACES, AND ARTIFACTS OF THE COMMUNITY AND SURROUNDING AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Barrow Exec Director | 40 | $54,000 | |
Michelle Downs Treasurer | OfficerTrustee | 1 | $0 |
Joan Felton Secretary | OfficerTrustee | 1 | $0 |
Clint Lynch President | OfficerTrustee | 1.5 | $0 |
Erik Swanson Executive Direc | Trustee | 40 | $0 |
Louis Garcia Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,595 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,596 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,822 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,013 |
| Total Program Service Revenue | $10,531 |
| Investment income | $118,515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $50,953 |
| Net Income from Gaming Activities | $138,000 |
| Net Income from Sales of Inventory | $168 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $447,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,212 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,301 |
| Fees for services: Accounting | $4,842 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,468 |
| Office expenses | $6,805 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,991 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,725 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,126 |
| Insurance | $23,044 |
| All other expenses | $9,241 |
| Total functional expenses | $314,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,819 |
| Savings and temporary cash investments | $318,760 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,669 |
| Prepaid expenses and deferred charges | $6,693 |
| Net Land, buildings, and equipment | $1,817,437 |
| Investments—publicly traded securities | $203,216 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $180,215 |
| Total assets | $2,740,809 |
| Accounts payable and accrued expenses | $1,178 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,482 |
| Total liabilities | $18,660 |
| Net assets without donor restrictions | $1,763,674 |
| Net assets with donor restrictions | $958,475 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,740,809 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Historic Waco Foundation Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Mcclane Brown Family Foundation Waco, TX PURPOSE: CHARITABLE | $100 |
Endowment Analysis
| Beg. Balance | $389,950 |
| Earnings | $9,961 |
| Admin Expense | $2,291 |
| Other Expense | $52,566 |
| Ending Balance | $345,054 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Galveston Historical Foundation Inc Galveston, TX | $33,194,723 | $16,815,449 |
Oklahoma Hall Of Fame Inc Oklahoma City, OK | $15,367,222 | $1,723,507 |
Mamie Mcfaddin Ward Heritage Foundation Beaumont, TX | $39,179,042 | $6,717,900 |
San Antonio Conservation Society San Antonio, TX | $5,466,281 | $1,168,192 |
Texas State Historical Association Austin, TX | $3,131,063 | $1,524,927 |
Friends Of The Texas Historical Commission Inc Austin, TX | $2,566,548 | $1,192,867 |
Texas Panhandle Heritage Foundation Inc Canyon, TX | $2,876,376 | $2,832,442 |
Corpus Christi Area Heritage Society Corpus Christi, TX | $1 | $1,500 |
Dallas Historical Society Hall Of State Fair Park Dallas, TX | $2,271,425 | $1,532,505 |
Cherokee National Historical Society Inc Tahlequah, OK | $2,426,107 | $954,302 |
River Road Historical Society Destrehan, LA | $8,368,126 | $1,410,629 |
Tulsa Historical Society Tulsa, OK | $8,618,832 | $802,922 |