Waco Isd Education Foundation

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The Waco Isd Education Foundation strives to fund creative, educational programs and projects not covered by school budgets or tax dollars, thus our motto, "raising the power of Education!" more than 93% of all Foundation expenses fund Waco Isd classroom grants and student scholarships. The Foundation was founded for the purpose of receiving and disbursing funds, property and gifts of any kind exclusively for the benefit of the Waco independent school district.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 40 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
5 of 5
filings with a surplus
Average surplus $351K a year · 58% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$78K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
20 mo
of spending, in cash
Plus $6.5M in investments, Pt X · Ln 11–13
Looks good: 20.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$255K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$745K
+110% vs prior year
Spent
$232K
To programs
92%
Net assets
$6.6M
By yearFY2020–FY2024
Revenue
$745K
FY2024▲ +110%
Tap a bar for its year
Revenue by fiscal year
FY2020$744K
FY2021$766K
FY2022$398K
FY2023$354K
FY2024$745K
Expenses
$232K
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$222K
FY2021$249K
FY2022$290K
FY2023$258K
FY2024$232K
Net assets
$6.6M
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.2M
FY2021$5.9M
FY2022$5.0M
FY2023$5.7M
FY2024$6.6M

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1995.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $213K Management & general 8% · $17K Fundraising 1% · $1K

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

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

Part VII, Section A · reportable compensation
Executive Director
$77,862Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Stephanie Hines’s $78K as Executive Director is at the 70th 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Stephanie Hines$77,862$73,328$71,542——
Lara Robertson————$76,596
Stephanie Hines 0818-1231———$63,607—
Lara Robertson 0101-0806———$48,567—

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 Isd Education Foundation executive salaries →

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 15aNo

Programs and updates

Funds creative school programs and student scholarships beyond public budgets.

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2 programs · $213K · in their own filed words · FY2024
01

By funding innovative educator grants, the waco isd education foundation is able to impact our students, teachers, classrooms and entire district. The foundation seeks to provide funding for waco isd teachers and schools by awarding grants in four focus areas: early childhood development, enhanced programming for advanced students…

$118Kprogram expense
02

Scholarships are an opportunity to recognize students for their academic achievements, leadership and community involvement as well as a conduit to provide higher education opportuniies. Scholarships are also a great memorial to loved ones and provide a lasting legacy.

$95Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Waco FoundationFY2024$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 27 grants · $1.1M · 2020–2024
Waco IsdFY2024$117,914
Unitemized GrantFY2024$44,389
Unitemized GrantFY2024$23,537
Unitemized GrantFY2024$15,000
Unitemized GrantFY2024$10,000
Unitemized GrantFY2024$2,000
Waco IsdFY2023$169,284
Unitemized GrantFY2023$25,500
Unitemized GrantFY2023$23,875
Unitemized GrantFY2023$20,000
Unitemized GrantFY2023$2,000
Waco IsdFY2022$211,603
Unitemized GrantFY2022$21,800
Unitemized GrantFY2022$17,140
Unitemized GrantFY2022$10,000
Unitemized GrantFY2022$3,534
Waco IsdFY2021$167,429
Unitemized GrantFY2021$24,900
See all 27 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$745K
Ln 12
Gifts and grantsLn 1h$506K
Investment incomeLn 3$259K
Money outPt IX
$232K
Ln 25
Programscol B$213K
Managementcol C$17K
Fundraisingcol D$1K
Owns and owesPt X
$6.6M
net assets · Ln 32
Cash and savingsLn 1–2$387K
Total assetsLn 16$6.9M
LiabilitiesLn 26$255K
PeoplePt VI, VII
26
listed · VII A
PaidVII A1
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$506K
Fundraising eventsLn 1c$141K
Investment incomeLn 3$259K
Gains on assetsLn 7$120K
Total revenueLn 12$745K
Assets in detailPt X, end of year
CashLn 1$33K
SavingsLn 2$355K
Cash and savings togetherLn 1–2$387K
InvestmentsLn 11–13$6.5M
Total assetsLn 16$6.9M
LiabilitiesLn 26$255K
Net assetsLn 32$6.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$6.5M$5.7M$5.0M$5.9M$5.2M
Given inLn 1b$169K
SpentLn 1d–1f$55K$60K$50K$61K$33K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$241K$387K
InvestmentsLn 11–13$5.7M$6.5M
Total assetsLn 16$6.0M$6.9M
LiabilitiesLn 26$231K$255K
Net assetsLn 32$5.7M$6.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$118K$118K
Grants to domestic individualsLn 2$95K$95K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$374$374
Office expensesLn 13$4K$3K$1K
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$111$111
Total functional expensesLn 25$232K$213K$17K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $745K$232K$513K$6.6M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $354K$258K$96K$5.7M 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $398K$290K$107K$5.0M 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $766K$249K$517K$5.9M 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $744K$222K$521K$5.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $744,594 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $185,003$505,721
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $40,331$258,597
I-11 Other revenuePrior year $128,593−$19,724
I-12 Total revenuePrior year $353,927$744,594
I-13 Grants and similar amounts paidPrior year $240,659$212,840
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,284$18,909
I-18 Total expensesPrior year $257,943$231,749
I-19 Revenue less expensesPrior year $95,984$512,845
Part VI · Governance 23 of 23 board members independent, 1 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $744,594 across 7 lines filed
VIII-1c Fundraising events$141,198
VIII-1f All other contributions, gifts and grants$364,523
VIII-1h Total contributions, gifts and grants$505,721
VIII-3 Investment incomeExcluded from tax $138,858$138,858
VIII-7 Net gain or loss on sales of assetsExcluded from tax $119,739$119,739
VIII-8 Net income from fundraising eventsExcluded from tax −$19,724−$19,724
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $238,873$744,594
Part IX · Statement of functional expenses $231,749 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $117,914$117,914
IX-2 Grants to domestic individualsPrograms $94,926$94,926
IX-11c Accounting feesManagement $8,500$8,500
IX-12 Advertising and promotionManagement $374$374
IX-13 Office expensesManagement $2,606 · Fundraising $1,487$4,093
IX-19 Conferences, conventions and meetingsManagement $3,791$3,791
IX-23 InsuranceManagement $2,040$2,040
IX-24 Other expenses (24a–d)Management $111$111
IX-25 Total functional expensesPrograms $212,840 · Management $17,422 · Fundraising $1,487$231,749
Part X · Balance sheet $6,861,065 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $27,588$32,735
X-2 Savings and temporary cash investmentsStart of year $213,773$354,703
X-4 Accounts receivableStart of year $20,000$10,000
X-9 Prepaid expenses and deferred chargesStart of year $1,000$0
X-12 Other securitiesStart of year $5,696,681$6,463,627
X-16 Total assetsStart of year $5,959,042$6,861,065
X-17 Accounts payable and accrued expensesStart of year $13,500$0
X-18 Grants payableStart of year $178,483$220,625
X-19 Deferred revenueStart of year $39,500$34,000
X-26 Total liabilitiesStart of year $231,483$254,625
X-27 Net assets without donor restrictionsStart of year $2,639,302$3,166,539
X-28 Net assets with donor restrictionsStart of year $3,088,257$3,439,901
X-32 Total net assets or fund balancesStart of year $5,727,559$6,606,440
X-33 Total liabilities and net assetsStart of year $5,959,042$6,861,065
Part XI · Reconciliation of net assets $6,606,440 net assets at year end
XI-1 Total revenue$744,594
XI-2 Total expenses$231,749
XI-3 Revenue less expenses$512,845
XI-4 Net assets at start of year$5,727,559
XI-5 Net unrealized gains (losses) on investments$411,277
XI-7 Investment expenses−$45,241
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,606,440

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

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