Dwane L And Velma Lunt Wallace

Wichita, KS
Tax-exempt since Oct. 1989
EIN: 48-1071478

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Donations to this organization are tax deductible.

Revenue

$4.01M (2024)

Expenses

$4.27M (2024)

Total Assets

$55.7M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2010 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

Revenue

$4,014,925

Expenses

$4,267,431

Net Income

-$252,506

Net Assets

$55,690,423

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$449,965	11.2%
Dividends	$1,270,841	31.7%
Sales of Assets	$2,294,119	57.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,947,292	92.5%
Compensation of Officers*	$106,250	2.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$55,690,423
Total Liabilities	$0
Net Assets	$55,690,423

Compensation

Key Employees and Officers	Compensation	Other
Douglas J Brehm (Trustee)	$40,000	$0
Linda Wallace Jones (Trustee)	$20,000	$0
James A Johnson (Trustee)	$20,000	$0
Sarah W Bracco (Trustee)	$20,000	$0
Darcee Datteri (Trustee)	$6,250	$0

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990-PF

Filed on Nov. 14, 2025

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

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XML

Fiscal Year Ending Dec.
2023

Revenue

$3,488,317

Expenses

$3,807,017

Net Income

-$318,700

Net Assets

$55,938,181

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$272,090	7.8%
Dividends	$1,315,210	37.7%
Sales of Assets	$1,901,017	54.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,539,425	93.0%
Compensation of Officers*	$130,000	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	$55,938,181
Total Liabilities	$0
Net Assets	$55,938,181

Compensation

Key Employees and Officers	Compensation	Other
Robert M Hughes (Trustee)	$35,000	$0
Douglas J Brehm (Trustee)	$35,000	$0
Linda Wallace Jones (Trustee)	$20,000	$0
James A Johnson (Trustee)	$20,000	$0
Sarah W Bracco (Trustee)	$20,000	$0

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990-PF

Filed on Nov. 14, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$3,071,474

Expenses

$4,455,794

Net Income

-$1,384,320

Net Assets

$56,293,169

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$205,156	6.7%
Dividends	$1,202,492	39.2%
Sales of Assets	$1,663,826	54.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,044,187	90.8%
Compensation of Officers*	$130,000	2.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$56,293,169
Total Liabilities	$0
Net Assets	$56,293,169

Compensation

Key Employees and Officers	Compensation	Other
Robert M Hughes (Trustee)	$35,000	$0
Douglas J Brehm (Trustee)	$35,000	$0
Linda Wallace Jones (Trustee)	$20,000	$0
James A Johnson (Trustee)	$20,000	$0
Sarah W Bracco (Trustee)	$20,000	$0

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990-PF

Filed on Nov. 15, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$6,576,935

Expenses

$3,764,181

Net Income

$2,812,754

Net Assets

$57,808,062

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$217,981	3.3%
Dividends	$1,155,782	17.6%
Sales of Assets	$5,203,172	79.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,393,876	90.2%
Compensation of Officers*	$120,000	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	$57,808,062
Total Liabilities	$0
Net Assets	$57,808,062

Compensation

Key Employees and Officers	Compensation	Other
Robert M Hughes (Trustee)	$30,000	$0
Douglas J Brehm (Trustee)	$30,000	$0
Linda Wallace Jones (Trustee)	$20,000	$0
Karen W Johnson (Trustee)	$20,000	$0
Sarah W Bracco (Trustee)	$20,000	$0

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990-PF

Filed on May 16, 2022

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$1,720,151

Expenses

$3,593,719

Net Income

-$1,873,568

Net Assets

$55,049,283

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$221,839	12.9%
Dividends	$1,086,969	63.2%
Sales of Assets	$411,343	23.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,298,726	91.8%
Compensation of Officers*	$120,000	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$55,049,284
Total Liabilities	$1
Net Assets	$55,049,283

Compensation

Key Employees and Officers	Compensation	Other
Robert M Hughes (Trustee)	$30,000	$0
Douglas J Brehm (Trustee)	$30,000	$0
Linda Wallace Jones (Trustee)	$20,000	$0
Karen W Johnson (Trustee)	$20,000	$0
Sarah W Bracco (Trustee)	$20,000	$0

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990-PF

Filed on May 17, 2021

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$1,095,877

Expenses

$3,427,548

Net Income

-$2,331,671

Net Assets

$56,895,612

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$223,910	20.4%
Dividends	$1,264,300	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,109,873	90.7%
Compensation of Officers*	$120,000	3.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$56,895,613
Total Liabilities	$1
Net Assets	$56,895,612

Compensation

Key Employees and Officers	Compensation	Other
Robert M Hughes (Trustee)	$30,000	$0
Douglas J Brehm (Trustee)	$30,000	$0
Linda Wallace Jones (Trustee)	$20,000	$0
Karen W Johnson (Trustee)	$20,000	$0
Sarah W Bracco (Trustee)	$20,000	$0

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990-PF

Filed on May 12, 2020

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$3,616,505

Expenses

$3,685,965

Net Income

-$69,460

Net Assets

$59,237,836

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$194,936	5.4%
Dividends	$1,377,448	38.1%
Sales of Assets	$2,044,121	56.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,298,905	89.5%
Compensation of Officers*	$120,000	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$59,237,836
Total Liabilities	$0
Net Assets	$59,237,836

Compensation

Key Employees and Officers	Compensation	Other
Robert M Hughes (Trustee)	$30,000	$0
Douglas J Brehm (Trustee)	$30,000	$0
Linda Wallace Jones (Trustee)	$20,000	$0
Karen W Johnson (Trustee)	$20,000	$0
Sarah W Bracco (Trustee)	$20,000	$0

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990-PF

Filed on May 15, 2019

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$5,186,089

Expenses

$3,257,032

Net Income

$1,929,057

Net Assets

$59,330,750

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$280,127	5.4%
Dividends	$1,327,570	25.6%
Sales of Assets	$3,578,392	69.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,939,112	90.2%
Compensation of Officers*	$120,000	3.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$59,330,750
Total Liabilities	$0
Net Assets	$59,330,750

Compensation

Key Employees and Officers	Compensation	Other
Robert M Hughes (Trustee)	$30,000	$0
Douglas J Brehm (Trustee)	$30,000	$0
Linda Wallace Jones (Trustee)	$20,000	$0
Karen W Johnson (Trustee)	$20,000	$0
Sarah W Bracco (Trustee)	$20,000	$0

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990-PF

Filed on May 15, 2018

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$782,947

Expenses

$2,934,244

Net Income

-$2,151,297

Net Assets

$57,491,305

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$356,495	45.5%
Dividends	$1,146,323	> 100%
Sales of Assets	-$719,871
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,559,438	87.2%
Compensation of Officers*	$120,000	4.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$57,491,305
Total Liabilities	$0
Net Assets	$57,491,305

Compensation

Key Employees and Officers	Compensation	Other
Robert M Hughes (Trustee)	$30,000	$0
Douglas J Brehm (Trustee)	$30,000	$0
Linda Wallace Jones (Trustee)	$20,000	$0
Karen W Johnson (Trustee)	$20,000	$0
Sarah W Bracco (Trustee)	$20,000	$0

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990-PF

Filed on May 15, 2017

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$1,813,299

Expenses

$757,765

Net Income

$1,055,534

Net Assets

$59,055,324

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$369,175	20.4%
Dividends	$975,178	53.8%
Sales of Assets	$468,946	25.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$472,954	62.4%
Compensation of Officers*	$120,000	15.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$59,055,324
Total Liabilities	$0
Net Assets	$59,055,324

Compensation

Key Employees and Officers	Compensation	Other
Robert M Hughes (Trustee)	$30,000	$0
Douglas J Brehm (Trustee)	$30,000	$0
Linda Wallace Jones (Trustee)	$20,000	$0
Karen W Johnson (Trustee)	$20,000	$0
Sarah W Bracco (Trustee)	$20,000	$0

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990-PF

Filed on Nov. 8, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$848,965

Expenses

$665,457

Net Income

$183,508

Net Assets

$7,553,019

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$65,468	7.7%
Dividends	$195,334	23.0%
Sales of Assets	$588,163	69.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$513,602	77.2%
Compensation of Officers*	$83,500	12.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,553,019
Total Liabilities	$0
Net Assets	$7,553,019

Compensation

Key Employees and Officers	Compensation	Other
Linda Wallace Jones (Trustee)	$20,000	$0
Karen W Johnson (Trustee)	$20,000	$0
Sarah W Bracco (Trustee)	$20,000	$0
Robert M Hughes (Trustee)	$20,000	$0
Jeffrey D Arbuckle (Trustee)	$3,500	$0

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990-PF

Filed on May 13, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$793,600

Expenses

$445,186

Net Income

$348,414

Net Assets

$7,559,579

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$53,124	6.7%
Dividends	$180,937	22.8%
Sales of Assets	$559,528	70.5%
Other Income	$11	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$368,099	82.7%
Compensation of Officers*	$15,000	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	$7,559,579
Total Liabilities	$0
Net Assets	$7,559,579

Compensation

Key Employees and Officers	Compensation	Other
Linda Wallace Jones (Trustee)	$5,000	$0
Karen W Johnson (Trustee)	$5,000	$0
Sarah W Bracco (Trustee)	$5,000	$0
Robert M Hughes (Trustee)	$0	$0
Jeffrey D Arbuckle (Trustee)	$0	$0

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990-PF

Filed on Nov. 10, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$158,469

Expenses

$545,400

Net Income

-$386,931

Net Assets

$7,017,411

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$54,259	34.2%
Dividends	$181,300	> 100%
Sales of Assets	$0
Other Income	$361	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$509,963	93.5%
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	$7,017,412
Total Liabilities	$1
Net Assets	$7,017,411

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$192,481

Expenses

$475,614

Net Income

-$283,133

Net Assets

$7,220,176

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$36,139	18.8%
Dividends	$184,004	95.6%
Sales of Assets	$0
Other Income	$3,024	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$411,996	86.6%
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	$7,220,177
Total Liabilities	$1
Net Assets	$7,220,176

990-PF

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

PDF

Fiscal Year Ending Dec.
2010

Revenue

$284,211

Expenses

$414,762

Net Income

-$130,551

Net Assets

$7,505,599

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$55,827	19.6%
Dividends	$176,162	62.0%
Sales of Assets	$50,960	17.9%
Other Income	$1,262	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$355,105	85.6%
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	$7,505,599
Total Liabilities	$0
Net Assets	$7,505,599

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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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.

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Updated January 26, 2026

Dwane L And Velma Lunt Wallace

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $4.01M (2024)

Expenses $4.27M (2024)

Total Assets $55.7M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$4.01M (2024)

Expenses

$4.27M (2024)

Total Assets

$55.7M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

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.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001