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Posner Wallace 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.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$306k (2023)

Expenses
$366k (2023)

Total Assets
$3.52M (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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$306,146
Expenses
$366,323
Net Income
-$60,177
Net Assets
$3,518,990
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $7,199
2.4%
Dividends $122,747
40.1%
Sales of Assets $163,078
53.3%
Other Income $13,122
4.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $336,287
91.8%
Compensation of Officers* $14,999
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 $3,518,990
Total Liabilities $0
Net Assets $3,518,990
Compensation
Key Employees and Officers Compensation Other
Rachel C Smith (Chair, Pres, Trustee) $5,000 $0
James R Posner (Chair Emeritus) $3,333 $0
Nicholas Posner (Trustee, Cfo, Treas) $3,333 $0
Robert P Smith Ii (Trustee, Sec) $3,333 $0
Diana Erbsen (Trustee) $0 $0
Melanie Markwell (Associate Trustee) $0 $0
Stephanie Posner (Associate Trustee) $0 $0
Jill Prosky (Associate Trustee) $0 $0
Andrew C Smith (Trustee) $0 $0
Sarah Smith (Trustee, Sec) $0 $0
Shelby Lynn Smith (Associate Trustee) $0 $0
Robert P Smith Iii (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$255,580
Expenses
$510,126
Net Income
-$254,546
Net Assets
$3,579,167
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $703
0.3%
Dividends $109,542
42.9%
Sales of Assets $130,440
51.0%
Other Income $14,895
5.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $472,701
92.7%
Compensation of Officers* $15,000
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 $3,579,167
Total Liabilities $0
Net Assets $3,579,167
Compensation
Key Employees and Officers Compensation Other
Rachel C Smith (Chair, Pres, Trustee) $5,000 $0
James R Posner (Chair Emeritus) $3,333 $0
Nicholas Posner (Trustee, Cfo, Treas) $3,333 $0
Robert P Smith Ii (Trustee, Sec) $3,333 $0
Diana Erbsen (Trustee) $0 $0
Stephanie Posner (Associate Trustee) $0 $0
Jill Prosky (Associate Trustee, Trustee) $0 $0
Andrew C Smith (Trustee) $0 $0
Sarah Smith (Trustee) $0 $0
Shelby Lynn Smith (Associate Trustee) $0 $0
Robert P Smith Iii (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$537,124
Expenses
$431,922
Net Income
$105,202
Net Assets
$3,833,613
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,210
0.2%
Interest Revenue $69
0.0%
Dividends $156,184
29.1%
Sales of Assets $382,562
71.2%
Other Income -$2,901
Notable Expenses Percent of Total Expenses
Charitable Disbursements $401,910
93.1%
Compensation of Officers* $14,999
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 $3,833,613
Total Liabilities $0
Net Assets $3,833,613
Compensation
Key Employees and Officers Compensation Other
Rachel C Smith (Chair, Pres, Trustee) $5,000 $0
James R Posner (Chair Emeritus) $3,333 $0
Nicholas Posner (Trustee, Cfo, Treas) $3,333 $0
Robert P Smith Ii (Trustee, Sec) $3,333 $0
Diana Erbsen (Trustee) $0 $0
Jill Prosky (Trustee) $0 $0
Andrew C Smith (Trustee) $0 $0
Sarah Smith (Trustee) $0 $0
Shelby Lynn Smith (Associate Trustee) $0 $0
Robert P Smith Iii (Trustee) $0 $0
Stephanie Posner (Associate Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$257,386
Expenses
$330,910
Net Income
-$73,524
Net Assets
$3,728,410
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $86
0.0%
Dividends $103,406
40.2%
Sales of Assets $158,994
61.8%
Other Income -$5,100
Notable Expenses Percent of Total Expenses
Charitable Disbursements $314,866
95.2%
Compensation of Officers* $14,999
4.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,728,411
Total Liabilities $1
Net Assets $3,728,410
Compensation
Key Employees and Officers Compensation Other
Rachel C Smith (Chair, Pres, Trustee) $5,000 $0
James R Posner (Chair Emeritus) $3,333 $0
Nicholas Posner (Trustee, Cfo, Treas) $3,333 $0
Robert P Smith Ii (Trustee, Sec) $3,333 $0
Diana Erbsen (Trustee) $0 $0
Jill Prosky (Trustee) $0 $0
Andrew C Smith (Trustee) $0 $0
Sarah Smith (Associate Trustee) $0 $0
Shelby Lynn Smith (Associate Trustee) $0 $0
Robert P Smith Iii (Trustee) $0 $0
Stephanie Posner (Associate Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$242,526
Expenses
$305,397
Net Income
-$62,871
Net Assets
$3,800,734
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $332
0.1%
Dividends $117,098
48.3%
Sales of Assets $107,538
44.3%
Other Income $17,558
7.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $289,182
94.7%
Compensation of Officers* $14,999
4.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,800,735
Total Liabilities $1
Net Assets $3,800,734
Compensation
Key Employees and Officers Compensation Other
Rachel C Smith (Chair, Pres, Trustee) $5,000 $0
James R Posner (Chair Emeritus) $3,333 $0
Nicholas Posner (Trustee, Cfo, Treas) $3,333 $0
Robert P Smith Ii (Trustee, Sec) $3,333 $0
Suzanne M Cohen (Associate Trustee) $0 $0
Diana Erbsen (Trustee) $0 $0
Jill Prosky (Trustee) $0 $0
Elisabeth Posner Schouten (Trustee) $0 $0
Andrew C Smith (Trustee) $0 $0
Sarah Smith (Associate Trustee) $0 $0
Robert P Smith Iii (Trustee) $0 $0
Stephanie Posner (Associate Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$300,147
Expenses
$364,407
Net Income
-$64,260
Net Assets
$3,863,606
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $148
0.0%
Interest Revenue $395
0.1%
Dividends $108,782
36.2%
Sales of Assets $170,385
56.8%
Other Income $20,437
6.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $350,160
96.1%
Compensation of Officers* $15,274
4.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,863,606
Total Liabilities $0
Net Assets $3,863,606
Compensation
Key Employees and Officers Compensation Other
Rachel C Smith (Chair, Pres, Trustee) $5,275 $0
James R Posner (Chair Emeritus) $3,333 $0
Nicholas Posner (Trustee, Cfo, Treas) $3,333 $0
Robert P Smith Ii (Trustee, Sec) $3,333 $0
Suzanne M Cohen (Trustee*, Associate Trustee) $0 $0
Diana Erbsen (Trustee) $0 $0
Jill Prosky (Trustee) $0 $0
Elisabeth Posner Schouten (Trustee) $0 $0
Andrew C Smith (Associate Trustee*, Trustee) $0 $0
Sarah Smith (Associate Trustee) $0 $0
Robert P Smith Iii (Associate Trustee*, Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$216,976
Expenses
$380,061
Net Income
-$163,085
Net Assets
$3,927,866
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $375
0.2%
Dividends $106,324
49.0%
Sales of Assets $90,233
41.6%
Other Income $20,044
9.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $369,265
97.2%
Compensation of Officers* $22,500
5.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,927,866
Total Liabilities $0
Net Assets $3,927,866
Compensation
Key Employees and Officers Compensation Other
James R Posner (Chair Emeritus) $7,500 $0
Rachel C Smith (Chair, Pres, Trustee) $7,500 $0
Nicholas Posner (Trustee, Cfo, Treas) $3,750 $0
Robert P Smith Ii (Trustee, Sec) $3,750 $0
Suzanne M Cohen (Trustee) $0 $0
Diana Erbsen (Trustee) $0 $0
Jill Prosky (Trustee) $0 $0
Elisabeth Posner Schouten (Trustee) $0 $0
Andrew C Smith (Associate Trustee) $0 $0
Robert P Smith Iii (Associate Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$149,112
Expenses
$339,797
Net Income
-$190,685
Net Assets
$4,090,951
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $240
0.2%
Dividends $108,575
72.8%
Sales of Assets $4,590
3.1%
Other Income $35,707
23.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $324,986
95.6%
Compensation of Officers* $7,500
2.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,090,951
Total Liabilities $0
Net Assets $4,090,951
Compensation
Key Employees and Officers Compensation Other
James R Posner (Pres*/Chair Emeritus/Trustee*) $7,500 $0
Suzanne M Cohen (Trustee) $0 $0
Diana Erbsen (Trustee) $0 $0
Nicholas Posner (Cfo / Treas / Trustee) $0 $0
Jill Prosky (Trustee) $0 $0
Elisabeth Posner Schouten (Trustee) $0 $0
Andrew C Smith (Associate Trustee) $0 $0
Rachel C Smith (Pres / Sec* / Chair / Trustee) $0 $0
Robert P Smith Ii (Sec / Trustee) $0 $0
Robert P Smith Iii (Associate Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$286,101
Expenses
$305,004
Net Income
-$18,903
Net Assets
$4,281,636
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $350
0.1%
Dividends $106,321
37.2%
Sales of Assets $127,390
44.5%
Other Income $52,040
18.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $291,837
95.7%
Compensation of Officers* $15,000
4.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,281,636
Total Liabilities $0
Net Assets $4,281,636
Compensation
Key Employees and Officers Compensation Other
James R Posner (Pres / Trustee) $15,000 $0
Suzanne M Cohen (Trustee) $0 $0
Diana Erbsen (Trustee) $0 $0
Nicholas Posner (Trustee) $0 $0
Jill Prosky (Trustee) $0 $0
Elisabeth Posner Schouten (Trustee) $0 $0
Rachel C Smith (Sec / Trustee) $0 $0
Robert P Smith Ii (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$229,843
Expenses
$279,753
Net Income
-$49,910
Net Assets
$4,300,539
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $75
0.0%
Dividends $125,688
54.7%
Sales of Assets $65,398
28.5%
Other Income $38,682
16.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $269,339
96.3%
Compensation of Officers* $15,000
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 $4,300,539
Total Liabilities $0
Net Assets $4,300,539
Compensation
Key Employees and Officers Compensation Other
James R Posner (Pres / Trustee) $15,000 $0
Suzanne M Cohen (Trustee) $0 $0
Diana Erbsen (Trustee) $0 $0
Nicholas Posner (Trustee) $0 $0
Jill Prosky (Trustee) $0 $0
Elisabeth Posner Schouten (Trustee) $0 $0
Rachel C Smith (Sec / Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$332,443
Expenses
$306,985
Net Income
$25,458
Net Assets
$4,350,449
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $119
0.0%
Dividends $124,486
37.4%
Sales of Assets $172,663
51.9%
Other Income $35,175
10.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $286,105
93.2%
Compensation of Officers* $30,000
9.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,350,449
Total Liabilities $0
Net Assets $4,350,449
Compensation
Key Employees and Officers Compensation Other
James R Posner (Pres / Trustee) $30,000 $0
Suzanne M Cohen (Trustee) $0 $0
Diana Erbsen (Trustee) $0 $0
Nicholas Posner (Trustee) $0 $0
Jill Prosky (Trustee) $0 $0
Elisabeth Posner Schouten (Trustee) $0 $0
Rachel C Smith (Sec / Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,499,401
Expenses
$236,540
Net Income
$1,262,861
Net Assets
$4,324,590
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,289,717
86.0%
Interest Revenue $267
0.0%
Dividends $116,534
7.8%
Sales of Assets $59,258
4.0%
Other Income $33,625
2.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $218,257
92.3%
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 $4,324,591
Total Liabilities $1
Net Assets $4,324,590

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$895,350
Expenses
$243,505
Net Income
$651,845
Net Assets
$3,061,729
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $360,812
40.3%
Interest Revenue $81
0.0%
Dividends $115,651
12.9%
Sales of Assets $417,782
46.7%
Other Income $1,024
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $240,264
98.7%
Compensation of Officers* $15,000
6.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,061,730
Total Liabilities $1
Net Assets $3,061,729

Document Links

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

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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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.
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