Waco Creative Art Center

Tax-deductible

Waco, TX501(c)(3)Arts & CultureEIN 74-1721811

To educate the community about creative art expression; encourage appreciation of various art forms

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
$78K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $377K a year · 50% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$78K
to officers and key staff · 29% of spending
Top officer’s pay lower than 84% of similar orgs
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
30 mo
of spending, in cash
Looks good: 30.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $88K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$528K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.6M
+622% vs prior year
Spent
$267K
To programs
48%
Net assets
$6.4M
By yearFY2020–FY2024
Revenue
$3.6M
FY2024▲ +622%
Revenue by fiscal year
FY2020$535K
FY2021$640K
FY2022$1.6M
FY2023$466K
FY2024$503K
FY2024$3.6M
Expenses
$267K
FY2024▼ -39%
Expenses by fiscal year
FY2020$193K
FY2021$199K
FY2022$520K
FY2023$523K
FY2024$438K
FY2024$267K
Net assets
$6.4M
FY2024▲ +106%
Net assets by fiscal year
FY2020$1.6M
FY2021$2.3M
FY2022$3.2M
FY2023$3.1M
FY2024$3.1M
FY2024$6.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $127K Management & general 40% · $106K Fundraising 13% · $34K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990; $78K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$77,714Pt VII · Sec A
$0Pt VII · Sec A
$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

Meghan Bias’s $78K as Executive Director is at the 16th percentile of top reported officer pay among 3924 $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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022
John D McDurham——$90,615$34,711
Meghan Bias$77,714———
Meghan F Bias—$41,023——

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.

See Waco Creative Art Center executive salaries →

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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

Educates and encourages community appreciation for creative art expression and diverse art forms.

Provided by the organization

This section is blank until Waco Creative Art Center claims this page.

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1 program service account for $127K of program spending, described in the organization's own filed words · FY2024.
01

Education Classes, Exhibits, Workshops, Artists' Markets

To promote the education of the general public in the appreciation of art

$127Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Waco FoundationFY2024$55K
Creative WacoFY2024$33K
Total grants receivedfrom 2 funders$88K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Gifts and grantsLn 1h$3.5M
Fees for servicesLn 2g$58K
Other incomeLn 4–11$17K
Money outPt IX
$267K
Ln 25
Programscol B$127K
Managementcol C$106K
Fundraisingcol D$34K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$679K
Total assetsLn 16$7.0M
LiabilitiesLn 26$528K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Fees for servicesLn 2g$58K
Investment incomeLn 3$14K
Other incomeLn 4–11$17K
Gains on assetsLn 7$4K
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$16K
SavingsLn 2$663K
Cash and savings togetherLn 1–2$679K
InvestmentsLn 11–13$236K
Land, buildings, equipmentLn 10c$3.0M
Other assetsLn 15$3.0M
Total assetsLn 16$7.0M
LiabilitiesLn 26$528K
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$258K$679K
InvestmentsLn 11–13$242K$236K
Land, buildings, equipmentLn 10c$3.1M$3.0M
Total assetsLn 16$3.8M$7.0M
LiabilitiesLn 26$704K$528K
Net assetsLn 32$3.1M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$39K$13K$16K$10K
Other salaries and wagesLn 7$36K$12K$15K$9K
Other employee benefitsLn 9$554$183$233$138
Payroll taxesLn 10$6K$2K$2K$1K
Accounting feesLn 11c$7K$7K
Investment management feesLn 11f$929$929
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$21K$11K$11K
Information technologyLn 14$11K$11K
OccupancyLn 16$24K$3K$18K$3K
InterestLn 20$16K$16K
Depreciation, depletion and amortizationLn 22$38K$38K
InsuranceLn 23$7K$4K$4K
Other expenses (24a–d)Ln 24$43K$25K$18K
All other expensesLn 24e$12K$9K$3K
Total functional expensesLn 25$267K$127K$106K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $503K$438K$65K$3.1M 990 PDF
FY2023 $466K$523K−$57K$3.1M 990 PDF
FY2022 $1.6M$520K$1.1M$3.2M 990 PDF
FY2021 $640K$199K$441K$2.3M 990 PDF
FY2020 $535K$193K$343K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $3,629,451 across 8 lines filed
Lines not itemized here account for $11,939 of total revenue; see the IRS return.
VIII-1b Membership dues$5,194
VIII-1f All other contributions, gifts and grants$3,534,959
VIII-1h Total contributions, gifts and grants$3,540,153
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,631$57,631
VIII-3 Investment incomeExcluded from tax $10,428$10,428
VIII-6 Net rental income or lossExcluded from tax $5,625$5,625
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,675$3,675
VIII-12 Total revenueRelated to mission $57,843 · Unrelated business $0 · Excluded from tax $31,455$3,629,451
Part IX · Statement of functional expenses $267,103 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $12,823 · Management $16,320 · Fundraising $9,714$38,857
IX-7 Other salaries and wagesPrograms $11,884 · Management $15,125 · Fundraising $9,003$36,012
IX-9 Other employee benefitsPrograms $183 · Management $233 · Fundraising $138$554
IX-10 Payroll taxesPrograms $1,894 · Management $2,411 · Fundraising $1,435$5,740
IX-11c Accounting feesManagement $6,525$6,525
IX-11f Investment management feesManagement $929$929
IX-11g Other fees for servicesManagement $4,979$4,979
IX-12 Advertising and promotionPrograms $10,655 · Fundraising $10,655$21,310
IX-14 Information technologyPrograms $10,742$10,742
IX-16 OccupancyPrograms $2,939 · Management $18,324 · Fundraising $2,939$24,202
IX-20 InterestManagement $15,878$15,878
IX-22 Depreciation, depletion and amortizationPrograms $38,468$38,468
IX-23 InsurancePrograms $3,553 · Management $3,722$7,275
IX-24 Other expenses (24a–d)Programs $25,316 · Management $17,897$43,213
IX-24e All other expensesPrograms $8,988 · Management $3,431$12,419
IX-25 Total functional expensesPrograms $127,445 · Management $105,774 · Fundraising $33,884$267,103
Part X · Balance sheet $6,975,418 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $51,714$15,648
X-2 Savings and temporary cash investmentsStart of year $206,194$663,277
X-8 Inventories for sale or use$856
X-10c Land, buildings and equipment, netStart of year $3,069,330$3,030,862
X-12 Other securitiesStart of year $242,161$235,865
X-15 Other assetsStart of year $256,660$3,028,910
X-16 Total assetsStart of year $3,836,059$6,975,418
X-17 Accounts payable and accrued expensesStart of year $11,333$62,559
X-26 Total liabilitiesStart of year $703,572$528,275
X-27 Net assets without donor restrictionsStart of year $2,684,120$5,548,002
X-28 Net assets with donor restrictionsStart of year $448,367$899,141
X-32 Total net assets or fund balancesStart of year $3,132,487$6,447,143
X-33 Total liabilities and net assetsStart of year $3,836,059$6,975,418
Part XI · Reconciliation of net assets $6,447,143 net assets at year end
XI-1 Total revenue$3,629,451
XI-2 Total expenses$267,103
XI-3 Revenue less expenses$3,362,348
XI-4 Net assets at start of year$3,132,487
XI-5 Net unrealized gains (losses) on investments$2,308
XI-8 Prior period adjustments−$50,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,447,143

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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