The@Robert L Wallace Jr And Jane B Wallace Foundation

Peapack Gladstone Bank Ttee

Wall, NJ
Tax-exempt since Dec. 2003
EIN: 57-6210279

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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.

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

Donations to this organization are tax deductible.

Revenue

$244k (2024)

Expenses

$225k (2024)

Total Assets

$2.65M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 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

$243,986

Expenses

$225,012

Net Income

$18,974

Net Assets

$2,646,593

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$95,900	39.3%
Sales of Assets	$148,013	60.7%
Other Income	$73	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$186,004	82.7%
Compensation of Officers*	$28,677	12.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,646,593
Total Liabilities	$0
Net Assets	$2,646,593

Compensation

Key Employees and Officers	Compensation	Other
Garden State Trust Comapny (Trustee)	$23,677	$0
Robert Lee Wallace (Co Trustee)	$5,000	$0

990-PF

Filed on May 11, 2025

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

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Schedules ▼

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Fiscal Year Ending Dec.
2023

Revenue

$169,645

Expenses

$274,868

Net Income

-$105,223

Net Assets

$2,626,984

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$88,602	52.2%
Sales of Assets	$80,662	47.5%
Other Income	$381	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$238,455	86.8%
Compensation of Officers*	$26,550	9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,626,984
Total Liabilities	$0
Net Assets	$2,626,984

Compensation

Key Employees and Officers	Compensation	Other
Garden State Trust Comapny (Trustee)	$21,550	$0
Robert Lee Wallace (Co Trustee)	$5,000	$0

990-PF

Filed on May 7, 2024

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$253,479

Expenses

$224,439

Net Income

$29,040

Net Assets

$2,732,180

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$82,919	32.7%
Sales of Assets	$170,560	67.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$187,763	83.7%
Compensation of Officers*	$43,053	19.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,732,180
Total Liabilities	$0
Net Assets	$2,732,180

Compensation

Key Employees and Officers	Compensation	Other
Garden State Trust Company (Trustee)	$38,053	$0
Robert Lee Wallace (Trustee)	$5,000	$0

990-PF

Filed on May 11, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$388,240

Expenses

$309,319

Net Income

$78,921

Net Assets

$2,703,406

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$68,021	17.5%
Sales of Assets	$320,219	82.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$271,123	87.7%
Compensation of Officers*	$44,492	14.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,703,406
Total Liabilities	$0
Net Assets	$2,703,406

Compensation

Key Employees and Officers	Compensation	Other
Garden State Trust Company (Trustee)	$39,492	$0
Robert Lee Wallace (Trustee)	$5,000	$0

990-PF

Filed on May 12, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$497,012

Expenses

$191,285

Net Income

$305,727

Net Assets

$2,624,253

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$75,751	15.2%
Sales of Assets	$421,217	84.7%
Other Income	$44	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$149,973	78.4%
Compensation of Officers*	$39,891	20.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,624,254
Total Liabilities	$1
Net Assets	$2,624,253

Compensation

Key Employees and Officers	Compensation	Other
Garden State Trust Company (Trustee)	$34,891	$0
Robert Lee Wallace (Trustee)	$5,000	$0

990-PF

Filed on May 10, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$237,378

Expenses

$179,189

Net Income

$58,189

Net Assets

$2,318,618

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$81,048	34.1%
Sales of Assets	$156,330	65.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$144,836	80.8%
Compensation of Officers*	$39,345	22.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,318,619
Total Liabilities	$1
Net Assets	$2,318,618

Compensation

Key Employees and Officers	Compensation	Other
Garden State Trust Company (Trustee)	$34,345	$0
Robert Lee Wallace (Trustee)	$5,000	$0

990-PF

Filed on May 11, 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

$245,211

Expenses

$261,861

Net Income

-$16,650

Net Assets

$2,260,087

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$70,487	28.7%
Sales of Assets	$174,646	71.2%
Other Income	$78	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$226,810	86.6%
Compensation of Officers*	$39,242	15.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,260,087
Total Liabilities	$0
Net Assets	$2,260,087

Compensation

Key Employees and Officers	Compensation	Other
Garden State Trust Company (Trustee)	$34,242	$0
Robert Lee Wallace (Trustee)	$5,000	$0

990-PF

Filed on May 14, 2019

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

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Schedules ▼

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Fiscal Year Ending Dec.
2017

Revenue

$487,335

Expenses

$247,319

Net Income

$240,016

Net Assets

$2,276,913

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$72,565	14.9%
Sales of Assets	$414,717	85.1%
Other Income	$53	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$218,759	88.5%
Compensation of Officers*	$35,037	14.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,276,913
Total Liabilities	$0
Net Assets	$2,276,913

Compensation

Key Employees and Officers	Compensation	Other
Garden State Trust Company (Trustee)	$30,037	$0
Robert Lee Wallace (Trustee)	$5,000	$0

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

$54,565

Expenses

$199,275

Net Income

-$144,710

Net Assets

$2,037,450

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$65,353	> 100%
Sales of Assets	-$10,788
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$169,135	84.9%
Compensation of Officers*	$36,542	18.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,037,450
Total Liabilities	$0
Net Assets	$2,037,450

Compensation

Key Employees and Officers	Compensation	Other
Peapack Gladstone Bank (Prior Trustee)	$31,542	$0
Robert Lee Wallace (Trustee)	$5,000	$0
Garden State Trust Company (Trustee)	$0	$0

990-PF

Filed on July 28, 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

$1,296,713

Expenses

$222,520

Net Income

$1,074,193

Net Assets

$2,182,164

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,099,644	84.8%
Interest Revenue	$0
Dividends	$62,991	4.9%
Sales of Assets	$134,078	10.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$189,255	85.1%
Compensation of Officers*	$37,021	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	$2,182,164
Total Liabilities	$0
Net Assets	$2,182,164

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$247,699

Expenses

$141,643

Net Income

$106,056

Net Assets

$1,300,254

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$35,910	14.5%
Sales of Assets	$211,789	85.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$119,731	84.5%
Compensation of Officers*	$27,323	19.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,300,254
Total Liabilities	$0
Net Assets	$1,300,254

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2013

Revenue

$120,826

Expenses

$104,922

Net Income

$15,904

Net Assets

$1,194,195

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$36,796	30.5%
Sales of Assets	$84,030	69.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$83,388	79.5%
Compensation of Officers*	$25,553	24.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,194,195
Total Liabilities	$0
Net Assets	$1,194,195

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$24,395

Expenses

$113,069

Net Income

-$88,674

Net Assets

$1,176,854

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$42,394	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$93,528	82.7%
Compensation of Officers*	$23,833	21.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,176,854
Total Liabilities	$0
Net Assets	$1,176,854

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$86,486

Expenses

$91,310

Net Income

-$4,824

Net Assets

$1,265,353

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$32,510	37.6%
Sales of Assets	$53,415	61.8%
Other Income	$561	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$74,755	81.9%
Compensation of Officers*	$21,022	23.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,265,353
Total Liabilities	$0
Net Assets	$1,265,353

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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The@Robert L Wallace Jr And Jane B Wallace Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $244k (2024)

Expenses $225k (2024)

Total Assets $2.65M (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

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Revenue

$244k (2024)

Expenses

$225k (2024)

Total Assets

$2.65M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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2022

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2021

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2020

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2019

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2018

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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.
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Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2003