Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1963.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 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
12 people listed on the 990-T; $261K paid to officers and key staff.
Ashley Allison’s $228K as Executive Director is at the 48th percentile of top reported officer pay among 661 $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 | $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 | $28,021 | — |
| Leslie Mitchell | — | — | — | — | $53,964 | $73,541 |
| Valerie Holland | — | $56,243 | — | — | — | — |
| Tangela Penny | — | — | $29,188 | — | — | — |
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
Stewards philanthropic resources and awards grants to local nonprofits and community initiatives to improve the quality of life for residents in McLennan County, Texas.
Questions for Waco Foundation
Your first name shows with your question. Waco Foundation answers here, for everyone.
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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 serve mclennan county residents, along with other funds (discretionary and selected field of interest funds) that support our competitive grant program.
Mac College Money Program
This fund was established to provide 1ST and 2ND year grants to students attending mclennan community college and texas state technical college in mclennan county. In addition, 3RD and 4TH year scholarships are also provided to previous grant recipients who want to continue their education at any 4-YEAR college within or outside the…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990-T, line by line.
Download 990
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $16.8M | $12.5M | $4.3M | $147.6M | 990 PDF |
| FY2024 | $8.6M | $7.2M | $1.4M | $141.5M | 990 PDF |
| FY2023 | $11.8M | $7.5M | $4.2M | $126.4M | 990 PDF |
| FY2022 Viewing | $26.5M | $7.2M | $19.2M | $131.8M | 990 PDF |
| FY2021 | $8.9M | $6.8M | $2.2M | $115.5M | 990 PDF |
| FY2020 | $20.3M | $8.5M | $11.8M | $87.3M | 990 PDF |
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Schedules filed Part IV
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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