Waco Foundation
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Stewards philanthropic resources and awards grants to local nonprofits and community initiatives to improve the quality of life for residents in McLennan County, Texas. For fiscal year 2025 it reported $16.8M in revenue, $12.5M in expenses, and $147.6M in net assets.Pt I
Summary of the Filing
Where the work happens
This includes all other funds owned and managed by waco foundation - 269 designated, donor advised, scholarship, field of interest and discretionary funds.
Organizational Mission" Program
This fund provides grants and services that promote nonprofit and public sector efforts to address community challenges. Program activities include, but are not limited to: (a) the award of small assistance grants to help nonprofits secure nonprofit management guidance, service or expertise.
Waco Foundation Operating Fund
This fund is the organization's primary competitive grantmaking fund, providing grants to nonprofits that servce mclennan county residents, along with other funds (discretionary and selected field of interest funds) that support our competitive grant program.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Ashley Allison’s $228K as Executive Director is at the 48th percentile of top reported officer pay among 658 $10–100M philanthropy & grantmaking 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 · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Ashley Allison | $228,250 | — | — | — | — | — |
| Ashley Allison | — | $213,251 | $196,502 | — | — | — |
| Ashley Allison Dulski | — | — | — | $180,152 | — | — |
| Ashley Dulski | — | — | — | — | $176,552 | $176,247 |
| Isabel Weeden | $167,499 | — | — | — | — | — |
| Martha Stuhr | — | — | $66,976 | $80,907 | — | — |
| Leslie Mitchell | — | — | — | — | $53,964 | $73,541 |
| Valerie Holland | — | $56,243 | — | — | — | — |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 87% | — | — |
| Overhead ratio | 12% | — | — |
| Fundraising cost ratio | 1% | — | — |
| Revenue growth | 96% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
| Fundraising fee ratio | 0% | — | — |
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
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Filings & Schedule Manifest
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Sources
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