Waco Entrepreneurial Ecosystem Collaborative Inc

Organization Overview

Waco Entrepreneurial Ecosystem Collaborative Inc, operating under the name Start Up Waco, is located in Waco, TX. The organization was established in 2019. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Start Up Waco employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Start Up Waco 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, Start Up Waco generated $490.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.9%) each year.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

START UP WACO IS A TEXAS NONPROFIT ORGANIZATION FORMED VIA COLLABORATION OF CROSS-SECTOR PARTNERSHIPS THAT ASPIRE TO LEAD WACO'S ENTREPRENEURIAL SUPPORT EFFORTS AND ELEVATE WACO AS A HUB FOR BUSINESS INNOVATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION'S GOAL IS TO ENGAGE THE WACO COMMUNITY TO EMBRACE A CULTURE OF INNOVATION, ENTREPRENEURSHIP AND NEW THINKING BY EMPOWERING ENTREPRENEURS AND INNOVATORS TO BUILD AND GROW SUCCESSFUL BUSINESSES. TO ACHIEVE THIS GOAL, THE ORGANIZATION OPERATES A COWORKING ACCELERATOR SPACE CALLED HUSTLE WHICH PROVIDES AMENITIES, PROGRAMMING AND RESOURCES TO FOSTER STARTUP GROWTH. BY CONNECTING THE DOTS BETWEEN VALUABLE RESOURCES AND BUDDING INNOVATORS AND ENTREPRENEURS, START UP WACO AIMS TO TRANSFORM OUR CITY INTO A PLACE WHERE ALL WHO STRIVE CAN SUCCEED.


KIVA IS A MICROLOAN PROGRAM INITIALLY FUNDED WITH A GRANT FROM THE CITY OF WACO. THE ORGANIZATION MAKES SMALL LOANS THROUGHT THE KIVA PLATFORM TO ASSIST SMALL START UP BUSINESSES TO GET STARTED. THE REPAYMENS OF THE LOANS REMAIN IN THE KIVA PLATFORM TO BE RELENT TO OTHER NEW BUSINESSES.


INCUBATEX254 IS A 6 WEEK SMALL BUSINESS ACCELERATOR PROGRAM WHICH PROVIDES EDUCATIONAL TRAINING AND DEVELOPMENT FOR ENTREPRENEURS. APPLICANTS ARE CHOSEN BASED ON DEMOGRAPHICS AND BUSINESS SECTOR.


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Board, Officers & Key Employees

Name (title)Compensation
Jon Passavant
CEO
$116,232
Ashley Allison
Board Chair
$0
Andrea Barefield
Secretary
$0
Kris Collins
Director
$0
Jeremy Vickers
Treasurer
$0
Mark Reynolds
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $47,000
All other contributions, gifts, grants, and similar amounts not included above$287,979
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$334,979
Total Program Service Revenue$149,858
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $490,257

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Waco Entrepreneurial Ecosystem Collaborative Inc has recieved totaling $265,000.

Awarding OrganizationAmount
Waco Foundation

Waco, TX

PURPOSE: OPERATING SUPPORT

$200,000
Baylor University

Waco, TX

PURPOSE: Grant to Support Non-Profit Organization Activites

$50,000
Austin Community Foundation

Austin, TX

PURPOSE: UNRESTRICTED

$15,000
View Grant Recipient Profile

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