nonprofit logo

Waco Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 746054628 ✦ Waco, TX ✦ Designated as a 501(c)(3)

Overview

What is Waco Foundation?

The Waco Foundation is a community foundation based in Waco, Texas, serving McLennan County. As an independent public charity, it manages philanthropic resources from individual and institutional donors and distributes grants to local charities. The foundation's primary grantmaking fund focuses on nonprofits serving McLennan County residents, while other funds support initiatives to end poverty and promote education and health. With a rotating board of trustees, the Waco Foundation aims to address the community's greatest needs and improve quality of life in the area. The organization currently employs 18 individuals.


Official website here: www.wacofoundation.org

Is Waco Foundation legitimate?

Waco Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waco Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $292,218
Professional Fundraising Fees: $0
Other Salaries and Wages: $554,224

For more financial information, click here


Official website here: www.wacofoundation.org

What is the mission statement of Waco Foundation?

The Waco Foundation serves as the community charity of McLennan County, Texas. As an independent public charity, it manages philanthropic resources from both institutional and individual donors and directs their use towards the betterment of local charities. The foundation's goal is to enhance the quality of life in the community it serves. It identifies and addresses the community's greatest needs and governs its activities through a rotating board of trustees. The Waco Foundation's mission is to promote solutions to community challenges, strengthen local nonprofits, engage philanthropists, and manage charitable assets to improve quality of life. It provides grants to various nonprofits addressing basic human needs and systemic issues leading to poverty.


Official website here: www.wacofoundation.org

Who is the CEO of Waco Foundation?

Ashley Dulski is the Chair of Waco Foundation.


Official website here: www.wacofoundation.org

What is the revenue of Waco Foundation?

Waco Foundation's revenue in 2022 was $26,486,121.


Official website here: www.wacofoundation.org

Who are the executives of Waco Foundation and what are their salaries?

The average compensation at Waco Foundation during 2022 was $47,025. There are 18 employees and 42 volunteers at Waco Foundation.

Here are 12 key members and their salaries:

    Ashley Allison Dulski (Executive Director)
  • Compensation: $180,152
  • Related: $0
  • Other: $22,898

    • Martha Stuhr (Director Of Finance)
  • Compensation: $80,907
  • Related: $0
  • Other: $7,637

    • Malcolm Duncan Jr (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sherman Ayres (Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Mcswain (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Soo Battle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Bidwell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Monte Hulse (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kristen Mynar (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Raymond (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melli Wickliff (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aaron Zimmerman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wacofoundation.org

    Where can I find the form 990 for Waco Foundation?

    The Waco Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wacofoundation.org

    Learn more at the official website: www.wacofoundation.org

    Mission Statement of Waco Foundation

    Waco Foundation, an independent public charity in Texas, is dedicated to improving the quality of life in its community by stewarding philanthropic resources from various donors. This community foundation, governed by a voluntary and rotating board of trustees, focuses on addressing the greatest needs in the community. Through its primary competitive grantmaking fund, the Waco Foundation provides grants to local nonprofits that serve residents of McLennan County. The foundation is also involved in several community-wide initiatives aimed at ending systemic poverty and promoting education and health. In addition to its primary fund, Waco Foundation manages other funds that support its competitive grant program. These funds have benefited over eighteen institutions and organizations, including small nonprofits addressing basic human needs and large institutions working to intervene with systemic issues that lead to poverty. By promoting solutions to community challenges, strengthening local nonprofits, engaging philanthropists, and managing charitable assets, Waco Foundation is committed to making a significant impact in McLennan County.

    Impact

    This information is meant to be a general summary of Waco Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Waco Foundation's impact is evident in its efforts to promote solutions to community challenges, strengthen local organizations, engage philanthropists, and manage charitable assets with the ultimate goal of improving the quality of life in McLennan County, Texas. The foundation serves as a key player in directing philanthropic resources towards community-based charities that address a range of issues, from basic human needs to systemic challenges like poverty, education, and health. Through its grantmaking programs and support for community-wide initiatives, Waco Foundation plays a crucial role in fostering positive change and enhancing the well-being of residents in McLennan County.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10,414,574
  • Program Service Revenue: $0
  • Gross Receipts: $45,068,784

    • Assets and Liabilities:
  • Total Assets: $132,771,840
  • Total Liabilities: $939,335
  • Net Assets: $131,832,505
  • Organization Details

    Founding Year

    1958

    Principal Officer

    Ashley Dulski

    Main Address

    800 WASHINGTON AVE, WACO, TX, 76701

    NTEE Category

    Code: T310 - Philanthropy

    If you are a representative of Waco Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.