Waco Board of Realtors Educational Found
Waco Board of Realtors Educational Found is a private foundation focused on Education, based in Waco, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $840K in total assets. In 2024, it awarded 8 grants totaling $38K. Net investment income was $89K.
Waco Board of Realtors Educational Found at a glance
In short: Waco Board of Realtors Educational Found gave $38K across 8 grants in 2024 (avg $5K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $37,500
- Grants made (2024)
- 8
- Average grant
- $4,688
- Median grant
- $3,500
- Total assets
- $839,922
- +6.3% vs 2023
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Waco Board of Realtors Educational Found funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Kristine Koehn ($10K). Together the top 8 received $38K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
States
Cities
How Waco Board of Realtors Educational Found gives
- In 2024 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 8 grants totaling $38K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Kristine Koehn Waco, TX | Relief for Medical Emergency to Local Realtor | $10,000 |
| Brittany Ozuna Woodway, TX | Relief for Medical Emergency to Local Realtor | $10,000 |
| Amber Boney Waco, TX | Relief for Medical Emergency to Local Realtor | $5,000 |
| Tarleton State University Stephenvlle, TX | Scholarship | $4,000 |
| Dallas Baptist University Dallas, TX | Scholarship | $3,000 |
| University of Texas at Arlington Arlington, TX | Scholarship | $2,500 |
| Texas A&M University College Station, TX | Scholarship | $2,000 |
| McLennan Community College Waco, TX | Scholarship | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $839,922 | $114,948 | $65,258 | $37,500 | 8 | $39,623 | $89,313 | $47,477 |
| 2023 | $790,407 | $84,582 | $19,000 | — | — | — | $2,496 | — |
| 2022 | $724,650 | $71,889 | — | — | — | — | — | — |
| 2021 | $652,761 | $73,771 | — | — | — | — | — | — |
Under IRS private-foundation payout rules, Waco Board of Realtors Educational Found reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Waco Board of Realtors Educational Found is led by Mike Sims, President since 2024 (on filings since 2022); none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mike Sims
President
Trustee → Vice President, 2023
Vice President → President, 2024
On filings since 2022
2 hrs/week
No compensation reported
Cindy Gough
Trustee
Vice President → President, 2023
President → Trustee, 2024
On filings since 2021
2 hrs/week
No compensation reported
Jeff Bird
Trustee
On filings since 2023
2 hrs/week
No compensation reported
Sarah Martin
Trustee
On filings since 2023
2 hrs/week
No compensation reported
Bailey Gonzales Milstead
Trustee
New on the 2024 filing
2 hrs/week
No compensation reported
Kathryn Thompson
Trustee
New on the 2024 filing
2 hrs/week
No compensation reported
Joe Reed
Vice President
Secretary & Treasurer → Vice President, 2024
On filings since 2023
2 hrs/week
No compensation reported
Caleb Loudamy
Secretary & Treasurer
New on the 2024 filing
2 hrs/week
No compensation reported
Former officers (8)
- Former: Denise Davidson (2021–2023) — Trustee
- Former: Kimberly Galvan (2021–2023) — Trustee
- Former: Trish Griffin (2021–2023) — Trustee
- Former: Daniel Tagle (2021–2022) — Trustee
- Former: Matthew Stufflebeam (2021–2022) — Secretary & Treasurer
- Former: Diane Gough (2022) — Trustee
- Former: Jennifer Robbins (2021) — Trustee
- Former: Robert Barben (2021) — Trustee
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Waco Board of Realtors Educational Found
How much does Waco Board of Realtors Educational Found give each year?
Waco Board of Realtors Educational Found gave $38K across 8 grants in 2024, according to its 2024 IRS Form 990-PF.
What is Waco Board of Realtors Educational Found's typical grant size?
Waco Board of Realtors Educational Found's median grant in 2024 was $3,500, and its average grant was $4,688, across 8 grants on its 2024 IRS Form 990-PF.
Where does Waco Board of Realtors Educational Found give grants?
Waco Board of Realtors Educational Found gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Waco, TX (3 grants).
Does Waco Board of Realtors Educational Found give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on Waco Board of Realtors Educational Found's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (5 grants) and "Relief for Medical Emergency to Local Realtor" (3 grants).
Who are Waco Board of Realtors Educational Found's largest grantees?
Waco Board of Realtors Educational Found's largest 2024 grantees include Kristine Koehn ($10,000), Brittany Ozuna ($10,000) and Amber Boney ($5,000), according to its 2024 IRS Form 990-PF. Together they received 67% of its itemized 2024 grant dollars.
How large is Waco Board of Realtors Educational Found?
Waco Board of Realtors Educational Found reported $840K in total assets on its 2024 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $47K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Waco Board of Realtors Educational Found?
Waco Board of Realtors Educational Found is a private foundation focused on Education, based in Waco, TX. It holds $840K in total assets as of 2024.
What is Waco Board of Realtors Educational Found's EIN?
Waco Board of Realtors Educational Found's EIN (Employer Identification Number) is 23-7127378. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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