Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
70 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
17 people listed on the 990; $65K paid to officers and key staff.
Hannah Luce’s $72K as Executive Director is at the 64th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Hannah Luce | $71,942 | $69,053 | $60,882 | $36,825 | — | — |
| Emily Hanson | — | — | — | — | $64,620 | $63,048 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Promotes educational excellence and pride in the Waterloo School District.
Questions for Waterloo Community Schools Foundation
Your first name shows with your question. Waterloo Community Schools Foundation answers here, for everyone.
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The waterloo community schools foundation raises funds which are used to encourage and promote the improvement of the quality of education within the waterloo community school district. The waterloo community schools foundation provides (1)a mechanism for contributions to be allocated to worthwhile charitable and educational programs and…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $842K | $874K |
| InvestmentsLn 11–13 | $250K | |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $843K | $1.1M |
| LiabilitiesLn 26 | $21K | $0 |
| Net assetsLn 32 | $823K | $1.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $204K | $204K | ||
| Grants to domestic individualsLn 2 | $9K | $9K | ||
| Pay of current officers, directors and key staffLn 5 | $65K | $6K | $13K | $45K |
| Other salaries and wagesLn 7 | $11K | $1K | $10K | |
| Payroll taxesLn 10 | $5K | $544 | $1K | $4K |
| Accounting feesLn 11c | $8K | $8K | ||
| Other fees for servicesLn 11g | $245 | $245 | ||
| Advertising and promotionLn 12 | $2K | $2K | ||
| Office expensesLn 13 | $5K | $412 | $824 | $4K |
| Information technologyLn 14 | $4K | $360 | $719 | $3K |
| TravelLn 17 | $368 | $368 | ||
| Conferences, conventions and meetingsLn 19 | $222 | $222 | ||
| InsuranceLn 23 | $1K | $1K | ||
| All other expensesLn 24e | $2K | $150 | $295 | $1K |
| Total functional expensesLn 25 | $317K | $222K | $26K | $69K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $537K | $330K | $207K | $1.6M | 990 PDF |
| FY2024 | $574K | $355K | $219K | $1.4M | 990 PDF |
| FY2023 | $285K | $241K | $44K | $1.1M | 990 PDF |
| FY2022 | $482K | $503K | −$21K | $962K | 990 PDF |
| FY2021 Viewing | $620K | $317K | $303K | $1.1M | 990 PDF |
| FY2020 | $777K | $407K | $370K | $823K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $619,661 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, no flags
Part VIII · Statement of revenue $619,661 across 5 lines filed
Part IX · Statement of functional expenses $316,903 across 14 lines filed
Part X · Balance sheet $1,125,441 assets, 13 lines filed
Part XI · Reconciliation of net assets $1,125,441 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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