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Trace Foundation

  • Annapolis, MD
  • Tax-exempt since Jan. 2016
  • EIN: 47-5363033

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
$299k (2024)

Expenses
$169k (2024)

Total Assets
$2.89M (2024)

Total Liabilities
$35 (2024)

Source: Form 990 tax filings from 2015 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
$298,508
Expenses
$168,839
Net Income
$129,669
Net Assets
$2,889,960
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $200,000
67.0%
Interest Revenue $11,145
3.7%
Dividends $91,260
30.6%
Sales of Assets -$3,897
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $168,839
100%
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 $2,889,995
Total Liabilities $35
Net Assets $2,889,960
Compensation
Key Employees and Officers Compensation Other
Alexandra Wrage (President) $0 $0
Josh Wallenstein (Director) $0 $0
Jonathan Drimmer (Director) $0 $0
Jessie Reynolds O'neil (Treasurer) $0 $0
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Document Links

990-PF
Filed on April 29, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$388,940
Expenses
$195,927
Net Income
$193,013
Net Assets
$2,675,490
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $302,158
77.7%
Interest Revenue $5,452
1.4%
Dividends $85,974
22.1%
Sales of Assets -$4,644
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $195,927
100%
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 $2,675,520
Total Liabilities $30
Net Assets $2,675,490
Compensation
Key Employees and Officers Compensation Other
Alexandra Wrage (President) $0 $0
Josh Wallenstein (Director) $0 $0
Amy Sommers (Treasurer) $0 $0
Jonathan Drimmer (Director) $0 $0
Jessie Reynolds O'neil (Director) $0 $0
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Document Links

990-PF
Filed on Sept. 30, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$505,263
Expenses
$897,401
Net Income
-$392,138
Net Assets
$2,340,072
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $500,000
99.0%
Interest Revenue $2,024
0.4%
Dividends $56,242
11.1%
Sales of Assets -$53,003
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $897,401
100%
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 $2,340,072
Total Liabilities $0
Net Assets $2,340,072
Compensation
Key Employees and Officers Compensation Other
Alexandra Wrage (President) $0 $0
Josh Wallenstein (Director) $0 $0
Amy Sommers (Treasurer) $0 $0
Jonathan Drimmer (Director) $0 $0
Jessie Reynolds O'neil (Director) $0 $0
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Document Links

990-PF
Filed on May 8, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$775,032
Expenses
$778,656
Net Income
-$3,624
Net Assets
$2,922,193
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $670,000
86.4%
Interest Revenue $33,640
4.3%
Dividends $0
Sales of Assets $71,392
9.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $778,656
100%
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 $2,922,219
Total Liabilities $26
Net Assets $2,922,193
Compensation
Key Employees and Officers Compensation Other
Alexandra Wrage (President) $0 $0
Stephen Wrage (Secretary) $0 $0
Josh Wallenstein (Director) $0 $0
Amy Sommers (Treasurer) $0 $0
Jonathan Dimmer (Director) $0 $0
Jessie Reynolds O'neil (Director) $0 $0
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Document Links

990-PF
Filed on Nov. 14, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$322,266
Expenses
$246,133
Net Income
$76,133
Net Assets
$2,925,817
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $200,000
62.1%
Interest Revenue $29,061
9.0%
Dividends $0
Sales of Assets $93,205
28.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $246,133
100%
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 $2,925,842
Total Liabilities $25
Net Assets $2,925,817
Compensation
Key Employees and Officers Compensation Other
Alexandra Wrage (President) $0 $0
Stephen Wrage (Secretary) $0 $0
Josh Wallenstein (Director) $0 $0
Gaye Montgomery (Director) $0 $0
Amy Sommers (Treasurer) $0 $0
Jonathan Dimmer (Director) $0 $0
Jessie Reynolds O'neil (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 15, 2021

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,337,740
Expenses
$298,218
Net Income
$1,039,522
Net Assets
$2,849,684
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,315,000
98.3%
Interest Revenue $22,740
1.7%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $298,218
100%
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 $2,849,709
Total Liabilities $25
Net Assets $2,849,684
Compensation
Key Employees and Officers Compensation Other
Alexandra Wrage (President) $0 $0
Stephen Wrage (Secretary) $0 $0
Josh Wallenstein (Director) $0 $0
Gaye Montgomery (Director) $0 $0
Amy Sommers (Treasurer) $0 $0
Jonathan Dimmer (Director) $0 $0
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Document Links

990-PF
Filed on Oct. 2, 2020

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

View Filing
XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$326,881
Expenses
$151,148
Net Income
$175,733
Net Assets
$1,810,162
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $310,000
94.8%
Interest Revenue $16,881
5.2%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $151,148
100%
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 $1,810,182
Total Liabilities $20
Net Assets $1,810,162
Compensation
Key Employees and Officers Compensation Other
Alexandra Wrage (President) $0 $0
Scott Cooper (Treasurer) $0 $0
Stephen Wrage (Secretary) $0 $0
Josh Wallenstein (Director) $0 $0
Gaye Montgomery (Director) $0 $0
Amy Sommers (Director) $0 $0
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Document Links

990-PF
Filed on Nov. 13, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$613,601
Expenses
$267,729
Net Income
$345,872
Net Assets
$1,634,429
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $610,000
99.4%
Interest Revenue $3,601
0.6%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $267,729
100%
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 $1,634,444
Total Liabilities $15
Net Assets $1,634,429
Compensation
Key Employees and Officers Compensation Other
Alexandra Wrage (Director) $0 $0
Scott Cooper (Director) $0 $0
Stephen Wrage (Director) $0 $0
Josh Wallenstein (Director) $0 $0
Gaye Montgomery (Director) $0 $0
Amy Sommers (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on July 25, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$321,945
Expenses
$33,717
Net Income
$288,228
Net Assets
$1,288,557
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $320,000
99.4%
Interest Revenue $1,945
0.6%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $33,717
100%
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 $1,288,567
Total Liabilities $10
Net Assets $1,288,557
Compensation
Key Employees and Officers Compensation Other
Alexandra Wrage (Director) $0 $0
Scott Cooper (Director) $0 $0
Stephen Wrage (Director) $0 $0
Josh Wallenstein (Director) $0 $0
Gaye Montgomery (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Oct. 31, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,000,329
Expenses
$0
Net Income
$1,000,329
Net Assets
$1,000,329
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
100.0%
Interest Revenue $329
0.0%
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 $1,000,329
Total Liabilities $0
Net Assets $1,000,329

Document Links

990-PF

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.

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • 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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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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