Waco Industrial Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 741384272 ✦ Waco, TX ✦ Designated as a 501(c)(6)

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Overview

What is Waco Industrial Foundation?

The Waco Industrial Foundation is a nonprofit organization situated in Waco, Texas, dedicated to fostering economic growth in the area. Acting as an urban, community-driven economic development organization, its primary function involves offering land for expansion purposes. The foundation supports this mission through a range of programs tailored to its objectives.

Is Waco Industrial Foundation legitimate?

Waco Industrial Foundation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Waco Industrial Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Waco Industrial Foundation?

The Waco Industrial Foundation, acting as an urban community economic development organization, is committed to fostering economic growth in its respective area. It achieves this mission by offering land for development and implementing various programs to support this objective. As a key player in its community, the foundation contributes to the region's economic advancement.

Who is the CEO of Waco Industrial Foundation?

Matthew Meadors is the Past President of Waco Industrial Foundation.

What is the revenue of Waco Industrial Foundation?

Waco Industrial Foundation's revenue in 2022 was $1,900,799.

Who are the executives of Waco Industrial Foundation and what are their salaries?

There 30 volunteers at Waco Industrial Foundation.


Here are 7 key members and their salaries:


Rick Brophy (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Nesbitt (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Manning (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Lacy (President Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Patterson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Clifton (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis Englander (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Waco Industrial Foundation?

Waco Industrial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Waco Industrial Foundation

The Waco Industrial Foundation, a community economic development organization, is dedicated to promoting economic growth in its area. Its mission is achieved by providing land for development, serving as a catalyst for economic expansion. By offering various programs, this urban foundation supports its goal of fostering economic development.

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Impact




October, 2024

The Waco Industrial Foundation plays a vital role in driving economic development in the Waco, TX area by facilitating land availability for growth and investment. By providing essential resources and support, it fosters a favorable environment for businesses to establish and expand, which in turn creates job opportunities and enhances community prosperity. The foundation's commitment to urban and community development enables it to offer a range of programs that cater to both local businesses and prospective investors, ultimately leading to a more vibrant and economically resilient Waco. Its impact transcends mere land provision, as it actively contributes to the overall improvement of the local community and economy.




This information is meant to be a general summary of Waco Industrial Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,900,799 (2022)
Expenses
$394,257 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $82,477
  • Gross Receipts: $2,370,647

Assets and Liabilities:

  • Total Assets: $38,358,817
  • Total Liabilities: $1,508,324
  • Net Assets: $36,850,493

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Organization Details

Founding Year

1957

Principal Officer

Matthew Meadors

Main Address

P O BOX 1220, WACO, TX, 76703

NTEE Category

Code: S31 - Community improvement

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