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
56 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
22 people listed on the 990; $69K 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 (WSF) is a 501(c)3 nonprofit organization that exists to enhance academic opportunities in the waterloo community schools district (WCSD). The WSF solicits funding from local businesses, organizations, households, and other private entities to sustain their mission and ensure ongoing community…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $612K | $752K |
| InvestmentsLn 11–13 | $641K | $744K |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $1.3M | $1.5M |
| LiabilitiesLn 26 | $181K | $146K |
| Net assetsLn 32 | $1.1M | $1.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $169K | $169K | ||
| Grants to domestic individualsLn 2 | $13K | $13K | ||
| Pay of current officers, directors and key staffLn 5 | $78K | $8K | $16K | $55K |
| Other salaries and wagesLn 7 | $48K | $5K | $43K | |
| Pension plan contributionsLn 8 | $1K | $145 | $1K | |
| Payroll taxesLn 10 | $9K | $889 | $2K | $6K |
| Accounting feesLn 11c | $11K | $11K | ||
| Investment management feesLn 11f | $3K | $3K | ||
| Other fees for servicesLn 11g | $712 | $712 | ||
| Advertising and promotionLn 12 | $2K | $2K | ||
| Office expensesLn 13 | $7K | $713 | $1K | $5K |
| Information technologyLn 14 | $4K | $350 | $700 | $2K |
| TravelLn 17 | $1K | $1K | ||
| Conferences, conventions and meetingsLn 19 | $2K | $2K | ||
| InterestLn 20 | $28 | $28 | ||
| InsuranceLn 23 | $753 | $753 | ||
| All other expensesLn 24e | $5K | $3K | $297 | $1K |
| Total functional expensesLn 25 | $355K | $200K | $39K | $116K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $537K | $330K | $207K | $1.6M | 990 PDF |
| FY2024 Viewing | $574K | $355K | $219K | $1.4M | 990 PDF |
| FY2023 | $285K | $241K | $44K | $1.1M | 990 PDF |
| FY2022 | $482K | $503K | −$21K | $962K | 990 PDF |
| FY2021 | $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 FY2024 990 (6 parts)
Part I · Summary $573,982 revenue, 12 lines filed
Part VI · Governance 21 of 21 board members independent, no flags
Part VIII · Statement of revenue $573,982 across 8 lines filed
Part IX · Statement of functional expenses $354,876 across 17 lines filed
Part X · Balance sheet $1,496,847 assets, 12 lines filed
Part XI · Reconciliation of net assets $1,350,847 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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