Creative Waco EIN 47-3755745 Form 990 (PDF) Claim this org

Creative Waco

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Fosters a vibrant cultural and creative community in Waco and McLennan County. For fiscal year 2024 it reported $1.2M in revenue, $1.1M in expenses, and $900K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Waco, TX
Website
www.creativewaco.org
Filings
5 on file (2020–2024)
Revenue
$1.2MFY2024
Expenses
$1.1M
Net assets
$900K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-3755745 Public charity (501(c)(3)) Waco, TX
Form 990 (PDF)
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Size
$1–10M
What they do
Fosters a vibrant cultural and creative community in Waco and McLennan County.
Leadership
Fiona Bond · Executive Director · $110K
Money in and out
$1.2M revenue, $1.1M expenses
Bottom line
81% program efficiency
Where the money goes · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$900K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $72K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.11 Fundraising $0.07
Program efficiency
81%
of spending reaches programs▼ -7% vs prior filing year
Operating runway
6.5mo
months of highly liquid reserves at operating expense rate▲ +12% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▼ -39% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▼ -25%
Expenses
$1.1M
FY2024▼ -21%
Total assets
$925K
FY2024▲ +5%
Total liabilities
$25K
FY2024▼ -54%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$900K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$72K
Total assetsPt X · Ln 16$925K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCreative Waco
EINHdr · item D47-3755745
Principal addressHdr · item CWaco, TX
WebsiteHdr · item Jwww.creativewaco.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFJul 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$110,000Pt VII · Sec A
Vice Chair & Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Fiona Bond’s $110K as Executive Director is at the 40th percentile of top reported officer pay among 3916 $1–10M arts & culture 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Fiona Bond$110,000$100,000$75,414$73,248$70,000

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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Mission & Programs · Part III

Where the work happens

3 program services account for $913K of program spending, described in the organization's own filed words · FY2024.
01

Operating as the local arts agency for waco and mclennan county by managing and evaluating strategic investment in non-profit arts organizations, public art, and infrastructure to advance the goals of the waco cultural PLAN.BENEFICIARIES: whole community of waco and mclennan county

$673Kprogram expense
02

Providing training, information, services, networking forum, online resources, and education programs to support arts organizations, artists and cultural programming in waco and mclennan COUNTY.BENEFICIARIES: 90 organizations and individuals, whole community

$177Kprogram expense
03

Launching and managing cultural programming, public art, events, and marketing for the waco downtown cultural districtbeneficiaries: whole community of waco and mclennan county

$63Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.2M · 97%
Investment income$22K · 2%
Program service revenue$17K · 1%
Contributions & grants97%$1.2M
Investment income2%$22K
Program service revenue1%$17K
Other revenue$185
— government grantsLn 1e$895K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.11 Fundraising $0.07
Program services81%$913K
Management & general11%$128K
Fundraising7%$84K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$610K
Total assetsLn 16$925K
Total liabilitiesLn 26$25K
Total net assetsLn 32$900K
Months of cash on handcomputed6.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $610K · Operating expenses/yr $1.1M
6.5 months
Where the money goes
Program services
Program services $913K · Total expenses $1.1M
81%
Management & General
Management & general $128K · Total expenses $1.1M
11%
Fundraising
Fundraising $84K · Total expenses $1.1M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $34K · Solicited contributions (3-yr avg) $472K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.2M
97%
Government reliance
Government grants $895K · Total revenue $1.2M
75%
Earned-income share
Program service revenue $17K · Total revenue $1.2M
1%
Investment reliance
Investment income $22K · Total revenue $1.2M
+2%
Program self-sufficiency
Program service revenue $17K · Total expenses $1.1M
1%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $1.6M
-25%
Revenue CAGR
FY2020 $676K · FY2024 $1.2M
+15%
Net-asset trend (YoY)
End of year $900K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $1.1M
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $925K
Net-asset ratio
Net assets $900K · Total assets $925K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $925K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Fiona Bond · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $110K · Total expenses $1.1M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $439K · Total expenses $1.1M
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 11%
Fundraising cost ratio 7%
Revenue growth -25%
Investment management fee ratio 0.09%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 63 grants · $1.3M · 2020–2024
Waco Cultural Arts FestFY2024$41,500
Waco Civic TheatreTX · FY2024$41,500
Waco Creative Art CenterTX · FY2024$33,000
Unitemized GrantFY2024$30,000
Unitemized GrantFY2024$11,000
Silent House Theatre CoFY2024$10,000
Jacob Decordova SocietyFY2024$10,000
Hot Children's TheatreFY2024$10,000
Art Faith and HopeTX · FY2024$10,000
Heart of Texas Film SocietyTX · FY2024$10,000
Unitemized GrantFY2024$9,405
Unitemized GrantFY2024$9,106
Empowerment Driven by KnowledgeFY2024$8,000
Waco Cultural Arts FestFY2023$48,000
Unitemized GrantFY2023$43,500
Unitemized GrantFY2023$34,850
See all 63 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · viewing · ⤓ 990 PDF
FY2023$1.6M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$823K revenue · ⤓ 990 PDF
FY2020$676K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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