Form 990 for tax year 2023
Filed by WATERLOO COMMUNITY SCHOOLS FOUNDATION.
Totals
- Total revenue
- $573,982
- Total expenses
- $354,876
- Contributions and grants received
- $549,811
- Grants paid
- $181,792
- Program service revenue
- $0
- Investment income
- $32,033
- Other revenue
- -$7,862
- Total assets, end of year
- $1,496,847
- Total liabilities, end of year
- $146,000
- Net assets or fund balances, end of year
- $1,350,847
- Program services expenses (Part IX)
- $199,839
- Management and general expenses
- $38,955
- Fundraising expenses
- $116,082
- Program service expenses (Part III)
- $199,839
Program services were 56.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$12,538
-
1f · All other contributions, gifts and grants
$537,273
-
1g · Noncash contributions included above
$16,807
-
3 · Investment income
total $24,246 · excluded $24,246
-
7a · Gross sales of assets other than inventory
securities $82,776
-
7b · Less cost or other basis and sales expenses
securities $74,989
-
7c · Gain or loss
securities $7,787
-
7d · Net gain or loss
total $7,787 · excluded $7,787
-
8a · Fundraising events: gross income
$4,593
-
8a · Fundraising events: contributions included on line 1c
$12,538
-
8b · Fundraising events: direct expenses
$12,455
-
8c · Net income from fundraising events
total -$7,862 · excluded -$7,862
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $168,912 · program services $168,912
-
2 · Grants to domestic individuals
total $12,880 · program services $12,880
-
5 · Compensation of officers, directors and key employees
total $78,066 · program services $7,807 · management and general $15,614 · fundraising $54,645
-
7 · Other salaries and wages
total $48,300 · program services $4,830 · fundraising $43,470
-
8 · Pension plan contributions
total $1,449 · program services $145 · fundraising $1,304
-
10 · Payroll taxes
total $8,888 · program services $889 · management and general $1,778 · fundraising $6,221
-
11c · Fees: accounting
total $10,940 · management and general $10,940
-
11f · Fees: investment management
total $3,331 · management and general $3,331
-
11g · Fees: other
total $712 · management and general $712
-
12 · Advertising and promotion
total $1,951 · fundraising $1,951
-
13 · Office expenses
total $7,134 · program services $713 · management and general $1,427 · fundraising $4,994
-
14 · Information technology
total $3,500 · program services $350 · management and general $700 · fundraising $2,450
-
17 · Travel
total $1,086 · management and general $1,086
-
19 · Conferences, conventions and meetings
total $2,289 · management and general $2,289
-
20 · Interest
total $28 · management and general $28
-
23 · Insurance
total $753 · management and general $753
-
24e · All other expenses
total $4,657 · program services $3,313 · management and general $297 · fundraising $1,047
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $534,649 · end of year $670,023
-
2 · Savings and temporary cash investments
beginning of year $77,195 · end of year $82,365
-
10a · Land, buildings and equipment: cost or other basis
$13,817
-
10b · Land, buildings and equipment: accumulated depreciation
$13,817
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $641,467 · end of year $744,459
-
17 · Accounts payable and accrued expenses
beginning of year $1,151 · end of year $0
-
18 · Grants payable
beginning of year $180,000 · end of year $146,000
-
27 · Net assets without donor restrictions
beginning of year $115,082 · end of year $176,403
-
28 · Net assets with donor restrictions
beginning of year $957,078 · end of year $1,174,444
Mission and programs · 2023
Mission
TO FUND, INSPIRE AND PROMOTE EDUCATIONAL OPPORTUNITIES FOR ALL IN THE WATERLOO SCHOOLS.
Activities or mission (Part I)
SERVING AS A CATALYST FOR EDUCATIONAL EXCELLENCE AND PRIDE IN THE WATERLOO SCHOOL DISTRICT.
-
THE WATERLOO COMMUNITY SCHOOLS FOUNDATION (WSF) IS A 501(C)3 NONPROFIT ORGANIZATION THAT EXISTS TO ENHANCE ACADEMIC OPPORTUNITIES IN THE WATERLOO COMMUNITY SCHOOLS DISTRICT (WCSD). THE WSF SOLICITS FUNDING FROM LOCAL BUSINESSES, ORGANIZATIONS, HOUSEHOLDS, AND OTHER PRIVATE ENTITIES TO SUSTAIN THEIR MISSION AND ENSURE ONGOING COMMUNITY SUPPORT FOR THE SUCCESS OF WATERLOO'S PUBLIC EDUCATION. FUNDING IS DISTRIBUTED IN 3 AREAS; 1) DISTRICT INITIATIVES, WHICH ARE LARGE-SCALE ANNUAL PROJECTS PRIORITIZED BY THE SUPERINTENDENT AND WCSD BOARD OF EDUCATION 2) TEACHER GRANTS, WHICH BRING INNOVATIVE TEACHING AND LEARNING TO CLASSROOMS ACROSS THE WCSD AND 3) STUDENT GRANTS THAT BRIDGE FINANCIAL GAPS FOR STUDENTS TO ATTEND AND EXPERIENCE UNIQUE INDIVIDUAL LEARNING OPPORTUNITIES OUTSIDE OF THE CLASSROOM. OVER THE LAST 14 YEARS, THE WSF HAS PLEDGED AND GIFTED OVER $2.5 MILLION TO SUPPORT 12 DISTRICT INITIATIVES, 121 TEACHER GRANTS, AND 72 STUDENT GRANTS.
Expenses $199,839 · Grants $181,792
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Hannah LuceHANNAH LUCE
EXECUTIVE DIRECTOR
- Total calculated
- $77,729
- From this org
- $69,053
- From related orgs
- $0
- Other
- $8,676
- Hours/week
- 40
-
Shante Wallican-NesbitSHANTE WALLICAN-NESBIT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Kate ReichertsKATE REICHERTS
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Adijan AbdicADIJAN ABDIC
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Kinon O'NealKINON O'NEAL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Anna CaughronANNA CAUGHRON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Amela CjevanovicAMELA CJEVANOVIC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Brena HuberBRENA HUBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Lori JohnsonLORI JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tiffini KielerTIFFINI KIELER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jay KoweilJAY KOWEIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Melissa LudwigMELISSA LUDWIG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jodi MinardJODI MINARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bernice RichardBERNICE RICHARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Andy RichterANDY RICHTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kalola RobyKALOLA ROBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jillian RutledgeJILLIAN RUTLEDGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Maneca SeensterMANECA SEENSTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Chuck ShireyCHUCK SHIREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Denise ThrowerDENISE THROWER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris WendlandCHRIS WENDLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Al YuAL YU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
WATERLOO COMMUNITY SCHOOL DISTRICT
$156,712
PURCHASE OF EDUCATIONAL EQUIPMENT AND STUDENT PROGRAM SUPPORT.
-
SUPPORT FOR ARTS IGNITE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423039349300407
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