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Wallace Family Foundation

Wallace Richard C Ttee

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Corporate Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$125k (2023)

Expenses
$154k (2023)

Total Assets
$848k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

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 Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$124,972
Expenses
$154,485
Net Income
-$29,513
Net Assets
$847,818
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $26,466
21.2%
Sales of Assets $98,506
78.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $110,862
71.8%
Compensation of Officers* $45,000
29.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $847,818
Total Liabilities $0
Net Assets $847,818
Compensation
Key Employees and Officers Compensation Other
Richard C Wallace (Trustee) $45,000 $0

Document Links

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$155,813
Expenses
$116,393
Net Income
$39,420
Net Assets
$877,331
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $23,733
15.2%
Sales of Assets $132,080
84.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $68,563
58.9%
Compensation of Officers* $45,000
38.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $877,331
Total Liabilities $0
Net Assets $877,331
Compensation
Key Employees and Officers Compensation Other
Richard C Wallace (Trustee) $45,000 $0

Document Links

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$108,542
Expenses
$123,254
Net Income
-$14,712
Net Assets
$837,910
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $24,246
22.3%
Sales of Assets $84,296
77.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $79,135
64.2%
Compensation of Officers* $45,000
36.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $837,911
Total Liabilities $1
Net Assets $837,910
Compensation
Key Employees and Officers Compensation Other
Richard C Wallace (Trustee) $45,000 $0

Document Links

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$37,101
Expenses
$95,710
Net Income
-$58,609
Net Assets
$852,622
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $22,296
60.1%
Sales of Assets $14,805
39.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $54,920
57.4%
Compensation of Officers* $45,000
47.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $852,623
Total Liabilities $1
Net Assets $852,622
Compensation
Key Employees and Officers Compensation Other
Richard C Wallace (Trustee) $45,000 $0

Document Links

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$78,694
Expenses
$163,577
Net Income
-$84,883
Net Assets
$911,232
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $25,178
32.0%
Sales of Assets $53,516
68.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $121,970
74.6%
Compensation of Officers* $45,000
27.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $911,232
Total Liabilities $0
Net Assets $911,232
Compensation
Key Employees and Officers Compensation Other
Richard C Wallace (Trustee) $45,000 $0

Document Links

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$77,023
Expenses
$154,629
Net Income
-$77,606
Net Assets
$996,115
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $22,358
29.0%
Sales of Assets $54,665
71.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $105,011
67.9%
Compensation of Officers* $45,000
29.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $996,115
Total Liabilities $0
Net Assets $996,115
Compensation
Key Employees and Officers Compensation Other
Richard C Wallace (Trustee) $45,000 $0

Document Links

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$165,766
Expenses
$168,751
Net Income
-$2,985
Net Assets
$1,073,721
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $22,405
13.5%
Sales of Assets $141,451
85.3%
Other Income $1,910
1.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $121,364
71.9%
Compensation of Officers* $45,000
26.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,073,721
Total Liabilities $0
Net Assets $1,073,721
Compensation
Key Employees and Officers Compensation Other
Richard C Wallace (Trustee) $45,000 $0

Document Links

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$30,724
Expenses
$108,750
Net Income
-$78,026
Net Assets
$1,076,706
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $26,059
84.8%
Sales of Assets $4,665
15.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $64,165
59.0%
Compensation of Officers* $45,000
41.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,076,706
Total Liabilities $0
Net Assets $1,076,706
Compensation
Key Employees and Officers Compensation Other
Richard C Wallace (Trustee) $45,000 $0

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$128,376
Expenses
$114,454
Net Income
$13,922
Net Assets
$1,154,732
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $25,117
19.6%
Sales of Assets $103,259
80.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $66,634
58.2%
Compensation of Officers* $45,000
39.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,154,732
Total Liabilities $0
Net Assets $1,154,732
Compensation
Key Employees and Officers Compensation Other
Richard C Wallace (Trustee) $45,000 $0

Document Links

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$223,898
Expenses
$120,502
Net Income
$103,396
Net Assets
$1,140,810
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $26,232
11.7%
Sales of Assets $197,666
88.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $69,971
58.1%
Compensation of Officers* $45,000
37.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,140,810
Total Liabilities $0
Net Assets $1,140,810

Document Links

Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$203,221
Expenses
$269,081
Net Income
-$65,860
Net Assets
$1,037,414
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $28,779
14.2%
Sales of Assets $174,442
85.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $223,698
83.1%
Compensation of Officers* $45,000
16.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,037,414
Total Liabilities $0
Net Assets $1,037,414

Document Links

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$231,379
Expenses
$1,665,277
Net Income
-$1,433,898
Net Assets
$1,103,274
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $52,051
22.5%
Sales of Assets $179,328
77.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,586,481
95.3%
Compensation of Officers* $90,000
5.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,103,274
Total Liabilities $0
Net Assets $1,103,274

Document Links

Fiscal Year Ending Sept.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$262,787
Expenses
$207,323
Net Income
$55,464
Net Assets
$2,537,172
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $60,651
23.1%
Sales of Assets $202,136
76.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $151,990
73.3%
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 $2,537,172
Total Liabilities $0
Net Assets $2,537,172

Document Links

Fiscal Year Ending Sept.
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Sept.
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Sept.
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Sept.
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Sept.
2006

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Sept.
2005

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Sept.
2004

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Sept.
2003

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Sept.
2002

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Sept.
2001

No Extracted Financial Data

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

Document Links

About 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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