Nonprofit · EIN 75-2817894
WICHITA FALLS AREA COMMUNITY FOUNDATION
Tax-exempt · WICHITA FALLS, TX 76308
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $17,434,417 | $7,261,019 | $10,173,398 | $91,168,044 | $0 | $91,168,044 |
| December 31, 2023 | 990 | $8,784,375 | $6,567,955 | $2,216,420 | $76,040,362 | $0 | $76,040,362 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $15,471,406
- Program service revenue
- $0
- Investment income
- $1,861,146
- Royalties
- $80,190
- Net gain from sales of assets
- -$8,792
- Other revenue
- $101,865
Expenses
- Grants and similar amounts paid
- $6,339,172
- Compensation of officers, directors and key employees
- $185,936
- Other salaries and wages
- $302,341
- Salaries, compensation and benefits (total)
- $557,884
- Professional fundraising fees
- $0
- Accounting fees
- $33,564
- Occupancy
- $59,321
- Travel
- $32,312
- Depreciation
- $9,976
- Program services (functional)
- $6,851,895
- Management and general (functional)
- $263,398
- Fundraising (functional)
- $145,726
Balance sheet and other
- Total assets, start of year
- $76,040,362
- Total assets, end of year
- $91,168,044
- Total liabilities, end of year
- $0
- Net assets, end of year
- $91,168,044
- Land, buildings and equipment
- $29,363
- Publicly traded securities
- $85,170,790
- Net assets without donor restrictions
- $51,892,153
- Net assets with donor restrictions
- $39,275,891
- Gross receipts
- $50,986,831
- Employees
- 7
- Volunteers
- 69
- Year formed
- 1999
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Leslie Schaffner | Former President Former | 40 | $156,458 | $10,691 |
| Jake Truette | President Key employee | 40 | $29,477 | $1,474 |
| Leo Lane | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Wynn Heyen | Vice-Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Mark Fleming | Sec./Treas. Trustee or director, Officer | 1 | $0 | $0 |
| Josh Andrajack | Director Trustee or director | 1 | $0 | $0 |
| Glenn Barham | Director Trustee or director | 1 | $0 | $0 |
| Carla Bolin | Director Trustee or director | 1 | $0 | $0 |
| Danny Cremeens | Director Trustee or director | 1 | $0 | $0 |
| Tony Fidelie | Director Trustee or director | 1 | $0 | $0 |
| Jeannie Hilbers | Director Trustee or director | 1 | $0 | $0 |
| Lysle Huddleston | Director Trustee or director | 1 | $0 | $0 |
| Katie Parkey | Director Trustee or director | 1 | $0 | $0 |
| Eric Robb | Director Trustee or director | 1 | $0 | $0 |
| Michael Stanford | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Leslie Schaffner | President Key employee | 40 | $150,200 | $16,681 |
| Denise Moffat | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Leo Lane | Vice-Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Warren Ayres | Sec./Treas. Trustee or director, Officer | 1 | $0 | $0 |
| Darrell Coleman | Director Trustee or director | 1 | $0 | $0 |
| Carla Bolin | Director Trustee or director | 1 | $0 | $0 |
| Mark Fleming | Director Trustee or director | 1 | $0 | $0 |
| Danny Cremeens | Director Trustee or director | 1 | $0 | $0 |
| Allyson Flack | Director Trustee or director | 1 | $0 | $0 |
| Josh Andrajack | Director Trustee or director | 1 | $0 | $0 |
| Wynn Heyen | Director Trustee or director | 1 | $0 | $0 |
| Tony Fidelie | Director Trustee or director | 1 | $0 | $0 |
| Lysle Huddleston | Director Trustee or director | 1 | $0 | $0 |
| Doug Armstrong | Director Trustee or director | 1 | $0 | $0 |
| Katie Parkey | Director Trustee or director | 1 | $0 | $0 |
| Michael Stanford | Director Trustee or director | 1 | $0 | $0 |
| Eric Robb | Director Trustee or director | 1 | $0 | $0 |
| Barbara Merkle | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2633 PLAZA PKWY, WICHITA FALLS, TX 76308-3889
- Principal officer (990 for 2024)
- Jake Truette, 2633 Plaza Parkway, Wichita Falls, TX 76308
- Signed the 990
- Jake Truette, President
- Phone
- (940) 766-0829
- Website
- www.wfacf.org
- Return prepared by
- Freemon Shapard & Story
Mission
The mission of the Wichita Falls Area Community Foundation is to enhance the quality of life in the Wichita Falls area through the promotion and support of charitable giving. Our vision is to build strong, vibrant communities inspired by generosity.
Program accomplishments
- Wichita Falls Area Community Foundation seeks to provide grants to various qualified organizations as approved by the Board of Directors through the cultivation, investment, and establishment of contributed funds in order to provide long-term income and fund growth for the provision of grants and support of community organizations, now and in the future. Grants made in the current year benefitted more than 850 organizations and individuals.Expenses $6,851,895 · grants $6,339,172 · revenue $17,434,417
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2817894
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $91,168,044
- Income (IRS master file)
- $50,986,831
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $17,434,417 | $7,261,019 | $91,168,044 | XML |
| 990 | December 2023 | $8,784,375 | $6,567,955 | $76,040,362 | XML |
| 990 | December 2022 | $5,318,274 | $7,065,301 | $66,714,610 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 75-2817894).
Questions about WICHITA FALLS AREA COMMUNITY FOUNDATION
- What is the EIN of WICHITA FALLS AREA COMMUNITY FOUNDATION?
- The employer identification number (EIN) of WICHITA FALLS AREA COMMUNITY FOUNDATION is 75-2817894.
- Is WICHITA FALLS AREA COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to WICHITA FALLS AREA COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WICHITA FALLS AREA COMMUNITY 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 WICHITA FALLS AREA COMMUNITY 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 WICHITA FALLS AREA COMMUNITY 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 WICHITA FALLS AREA COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 names Jake Truette.
- Who are the officers and directors of WICHITA FALLS AREA COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 15 people; 2 received compensation from the organization, the highest $156,458 (Leslie Schaffner, Former President).
- How much revenue does WICHITA FALLS AREA COMMUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $17,434,417, expenses of $7,261,019 and total assets of $91,168,044 at year end.
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All nonprofits in WICHITA FALLS · Texas · Philanthropy, voluntarism and grantmaking foundations