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Nonprofit · EIN 74-1384272

WACO INDUSTRIAL FOUNDATION

Tax-exempt · WACO, TX 76703

Financials

$16.2M$399K2023$11.9M$815K2024
Revenue Expenses · by fiscal year end
Financials of WACO INDUSTRIAL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$11,867,771$814,817$11,052,954$69,885,529$6,220,441$63,665,088
December 31, 2023990$16,160,426$398,785$15,761,641$72,847,655$20,235,521$52,612,134
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$790,244
Net rental income
$276,329
Net income from sales of inventory
$10,790,513
Other revenue
$11,077,527

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$56,363
Accounting fees
$27,320
Depreciation
$7,602

Balance sheet and other

Total assets, start of year
$72,847,655
Total assets, end of year
$69,885,529
Total liabilities, end of year
$6,220,441
Net assets, end of year
$63,665,088
Land, buildings and equipment
$2,267
Net assets without donor restrictions
$63,665,088
Gross receipts
$16,801,842
Employees
0
Volunteers
30
Year formed
1957
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
SARAH ROBERTSTREASURER
Trustee or director, Officer
1$0
JOSEPH NESBITTVICE PRESIDENT
Trustee or director, Officer
1$0
JENNIFER MANNINGPRESIDENT ELECT
Trustee or director, Officer
1$0
DAVID LACYPRESIDENT
Trustee or director, Officer
1$0
PHILIP PATTERSONMEMBER
Trustee or director
1$0
BILL CLIFTONMEMBER
Trustee or director
1$0
LOUIS ENGLANDERMEMBER
Trustee or director
1$0
CAROLYN HAFERKAMPMEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
RICK BROPHYMEMBER
Trustee or director
1$0
JOSEPH NESBITTTREASURER
Trustee or director, Officer
1$0
JENNIFER MANNINGVICE PRESIDENT
Trustee or director, Officer
1$0
DAVID LACYPRESIDENT ELECT
Trustee or director, Officer
1$0
PHILIP PATTERSONPRESIDENT
Trustee or director, Officer
1$0
BILL CLIFTONMEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 1220, WACO, TX 76703-1220
Principal officer (990 for 2024)
Matthew Meadors, P O Box 1220, WACO, TX 76703
Signed the 990
Matthew Meadors, Executive Director
Phone
(254) 757-5609
Return prepared by
VERNON R KING JR PC

Mission

FURTHER ECO DEV IN WACO, TX AREA

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDED LAND FOR ECONOMIC GROWTH IN THE WACO, TX AREA

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-1384272
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1959
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$69,885,529
Income (IRS master file)
$16,801,842

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$11,867,771$814,817$69,885,529XML
990December 2023$16,160,426$398,785$72,847,655XML
990December 2022$1,900,799$394,257$38,358,817IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-1384272).

Questions about WACO INDUSTRIAL FOUNDATION

What is the EIN of WACO INDUSTRIAL FOUNDATION?
The employer identification number (EIN) of WACO INDUSTRIAL FOUNDATION is 74-1384272.
Is WACO INDUSTRIAL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1959.
Are donations to WACO INDUSTRIAL FOUNDATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does WACO INDUSTRIAL FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WACO INDUSTRIAL FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WACO INDUSTRIAL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of WACO INDUSTRIAL FOUNDATION?
The 990 for the year ended December 31, 2024 names Matthew Meadors.
Who are the officers and directors of WACO INDUSTRIAL FOUNDATION?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does WACO INDUSTRIAL FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $11,867,771, expenses of $814,817 and total assets of $69,885,529 at year end.

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