Wallace Genetic Foundation Inc

Washington, DC
EIN: 13-6162575

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This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Revenue

$17.8k (2018)

Expenses

$76.9k (2018)

Total Assets

$0 (2018)

Total Liabilities

$0 (2018)

Source: Form 990 tax filings from 2011 to 2018

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending July
2018

Revenue

$17,765

Expenses

$76,935

Net Income

-$59,170

Net Assets

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,765	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,766	12.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$0
Total Liabilities	$0
Net Assets	$0

Compensation

Key Employees and Officers	Compensation	Other
David Wallace Douglas (Vp & Treasurer/Director)	$0	$0
Joan D Murray (Secretary/Director)	$0	$0
Ann Douglas Cornell (President/Director)	$0	$0

990-PF

Filed on Aug. 9, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$13,223,528

Expenses

$11,666,750

Net Income

$1,556,778

Net Assets

$904,428

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,939,270	22.2%
Sales of Assets	$10,284,202	77.8%
Other Income	$56	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,988,223	94.2%
Compensation of Officers*	$371,288	3.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$909,238
Total Liabilities	$4,810
Net Assets	$904,428

Compensation

Key Employees and Officers	Compensation	Other
Patricia Lee (Co Exec. Director (1/1 10/31))	$188,554	$0
Carolyn Sand (Co Exec. Director (1/1 10/31))	$182,734	$0
David Douglas (Vp, Treasurer & Director)	$0	$0
Joan Douglas Murray (President And Director)	$0	$0
Ann D Cornell (Vp, Secretary And Director)	$0	$0

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990-PF

Filed on May 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$4,233,554

Expenses

$10,413,694

Net Income

-$6,180,140

Net Assets

$194,051,047

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,497,309	82.6%
Sales of Assets	$719,153	17.0%
Other Income	$17,092	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,735,816	93.5%
Compensation of Officers*	$352,471	3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$194,073,841
Total Liabilities	$22,794
Net Assets	$194,051,047

Compensation

Key Employees and Officers	Compensation	Other
Carolyn Sand (Co Executive Director)	$176,243	$0
Patricia Lee (Co Executive Director)	$176,228	$0
David Douglas (Vp, Treasure & Research)	$0	$0
Joan Douglas Murray (President)	$0	$0
Ann D Cornell (Vice President Secretary)	$0	$0

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990-PF

Filed on June 29, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$8,145,112

Expenses

$10,247,123

Net Income

-$2,102,011

Net Assets

$188,176,848

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,240,813	52.1%
Sales of Assets	$3,898,748	47.9%
Other Income	$5,551	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,682,313	94.5%
Compensation of Officers*	$351,036	3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$188,190,262
Total Liabilities	$13,414
Net Assets	$188,176,848

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$5,969,955

Expenses

$10,685,321

Net Income

-$4,715,366

Net Assets

$198,254,197

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$73,779	1.2%
Sales of Assets	$2,298,710	38.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,710,262	90.9%
Compensation of Officers*	$338,312	3.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$198,267,807
Total Liabilities	$13,610
Net Assets	$198,254,197

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$13,502,378

Expenses

$9,756,525

Net Income

$3,745,853

Net Assets

$188,961,070

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$662,143	4.9%
Sales of Assets	$9,582,674	71.0%
Other Income	$50,403	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,933,255	91.6%
Compensation of Officers*	$306,050	3.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$188,972,467
Total Liabilities	$11,397
Net Assets	$188,961,070

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$6,761,710

Expenses

$8,498,534

Net Income

-$1,736,824

Net Assets

$153,425,165

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$621,605	9.2%
Dividends	$3,431,755	50.8%
Sales of Assets	$2,706,826	40.0%
Other Income	$1,524	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,656,689	90.1%
Compensation of Officers*	$256,995	3.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$153,434,358
Total Liabilities	$9,193
Net Assets	$153,425,165

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$11,790,807

Expenses

$13,223,364

Net Income

-$1,432,557

Net Assets

$151,738,066

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$346,497	2.9%
Dividends	$3,991,385	33.9%
Sales of Assets	$7,428,992	63.0%
Other Income	$23,933	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,570,362	95.1%
Compensation of Officers*	$253,224	1.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$151,779,119
Total Liabilities	$41,053
Net Assets	$151,738,066

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
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Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Wallace Genetic Foundation Inc

Organization summary

Organization summary might be incomplete or out of date

Summary charts: organization finances over time

Revenue $17.8k (2018)

Expenses $76.9k (2018)

Total Assets $0 (2018)

Total Liabilities $0 (2018)

Tax Filings by Year

Fiscal Year Ending July 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2009

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2008

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2007

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2006

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2005

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2004

No Extracted Financial Data

Document Links

990-PF

Revenue

$17.8k (2018)

Expenses

$76.9k (2018)

Total Assets

$0 (2018)

Total Liabilities

$0 (2018)

Fiscal Year Ending July
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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