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Walter N And Alberta H Drake Foundation

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 / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$329k (2024)

Expenses
$373k (2024)

Total Assets
$5.2M (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2013 to 2024

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 Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$328,720
Expenses
$372,902
Net Income
-$44,182
Net Assets
$5,195,377
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $50,312
15.3%
Dividends $124,801
38.0%
Sales of Assets $153,294
46.6%
Other Income $313
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $324,443
87.0%
Compensation of Officers* $61,114
16.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,195,377
Total Liabilities $0
Net Assets $5,195,377
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank Na (Trustee) $61,114 $0
Nancy Wiseman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$127,131
Expenses
$366,101
Net Income
-$238,970
Net Assets
$5,239,559
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $56,561
44.5%
Dividends $122,067
96.0%
Sales of Assets -$51,798
Other Income $301
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $322,787
88.2%
Compensation of Officers* $56,976
15.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,239,559
Total Liabilities $0
Net Assets $5,239,559
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank Na (Trustee) $56,976 $0
Nancy Wiseman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$263,721
Expenses
$424,255
Net Income
-$160,534
Net Assets
$5,478,529
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $29,918
11.3%
Dividends $152,000
57.6%
Sales of Assets $81,513
30.9%
Other Income $290
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $373,688
88.1%
Compensation of Officers* $59,220
14.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,478,529
Total Liabilities $0
Net Assets $5,478,529
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank Na (Trustee) $59,220 $0
Nancy Wiseman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$443,472
Expenses
$319,624
Net Income
$123,848
Net Assets
$5,639,063
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $32,230
7.3%
Dividends $184,658
41.6%
Sales of Assets $226,394
51.1%
Other Income $190
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $278,187
87.0%
Compensation of Officers* $62,718
19.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,639,063
Total Liabilities $0
Net Assets $5,639,063
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank Na (Trustee) $62,718 $0
Nancy Wiseman (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$188,810
Expenses
$315,800
Net Income
-$126,990
Net Assets
$5,515,214
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $39,492
20.9%
Dividends $113,698
60.2%
Sales of Assets $33,867
17.9%
Other Income $1,753
0.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $274,854
87.0%
Compensation of Officers* $55,885
17.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,515,215
Total Liabilities $1
Net Assets $5,515,214
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank Na (Trustee) $55,885 $0
John Wiseman (Trustee) $0 $0
Nancy Wiseman (Advisory Com) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$324,500
Expenses
$316,183
Net Income
$8,317
Net Assets
$5,642,204
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $34,187
10.5%
Dividends $133,286
41.1%
Sales of Assets $157,027
48.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $274,480
86.8%
Compensation of Officers* $52,450
16.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,642,205
Total Liabilities $1
Net Assets $5,642,204
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank Na (Trustee) $52,450 $0
John Wiseman (Trustee) $0 $0
Nancy Wiseman (Advisory Com) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$203,533
Expenses
$312,481
Net Income
-$108,948
Net Assets
$5,633,888
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $33,355
16.4%
Dividends $126,442
62.1%
Sales of Assets $43,736
21.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $273,360
87.5%
Compensation of Officers* $56,900
18.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,633,888
Total Liabilities $0
Net Assets $5,633,888
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank Na (Trustee) $56,900 $0
John Wiseman (Trustee) $0 $0
Nancy Wiseman (Advisory Com) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$194,658
Expenses
$580,839
Net Income
-$386,181
Net Assets
$5,742,836
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $29,471
15.1%
Dividends $116,728
60.0%
Sales of Assets $48,459
24.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $537,457
92.5%
Compensation of Officers* $55,892
9.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,742,836
Total Liabilities $0
Net Assets $5,742,836
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank Na (Trustee) $55,892 $0
John Wiseman (Trustee) $0 $0
Nancy Wiseman (Advisory Com) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

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 Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$100,819
Expenses
$364,434
Net Income
-$263,615
Net Assets
$6,096,479
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $23,106
22.9%
Dividends $102,630
> 100%
Sales of Assets -$28,306
Other Income $3,389
3.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $327,651
89.9%
Compensation of Officers* $54,993
15.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,096,479
Total Liabilities $0
Net Assets $6,096,479
Compensation
Key Employees and Officers Compensation Other
Wells Fargo Bank Na (Trustee) $54,993 $0
John Wiseman (Trustee) $0 $0
Nancy Wiseman (Advisory Com) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,519,816
Expenses
$159,722
Net Income
$6,360,094
Net Assets
$6,360,094
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,500,000
99.7%
Interest Revenue $2,179
0.0%
Dividends $13,551
0.2%
Sales of Assets $4,086
0.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $140,000
87.7%
Compensation of Officers* $18,080
11.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,360,094
Total Liabilities $0
Net Assets $6,360,094

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1
Expenses
$0
Net Income
$1
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $1
Total Liabilities $0
Net Assets $1

Document Links

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.

Which Organizations Are Here?

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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  • 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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