Wallace Fam Foundation

Wallace Frances Et Al Ttee

Greenville, SC
Tax-exempt since June 1998
EIN: 58-6343201

Receive an email when new data is available for this organization.

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 / Named Trusts/Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$160k (2024)

Expenses

$127k (2024)

Total Assets

$1.39M (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

$159,784

Expenses

$126,754

Net Income

$33,030

Net Assets

$1,388,435

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,372	5.2%
Dividends	$36,129	22.6%
Sales of Assets	$115,200	72.1%
Other Income	$83	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,125	82.9%
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	$1,388,435
Total Liabilities	$0
Net Assets	$1,388,435

Compensation

Key Employees and Officers	Compensation	Other
Martha W Pellett (Foundation Mgr.)	$0	$0

990-PF

Filed on May 5, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$78,527

Expenses

$89,366

Net Income

-$10,839

Net Assets

$1,355,177

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,965	8.9%
Dividends	$34,812	44.3%
Sales of Assets	$36,743	46.8%
Other Income	$7	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$66,328	74.2%
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	$1,355,177
Total Liabilities	$0
Net Assets	$1,355,177

Compensation

Key Employees and Officers	Compensation	Other
Martha W Pellett (Foundation Mgr.)	$0	$0

990-PF

Filed on April 30, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$81,301

Expenses

$159,260

Net Income

-$77,959

Net Assets

$1,366,148

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,012	6.2%
Dividends	$33,023	40.6%
Sales of Assets	$43,266	53.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$132,650	83.3%
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	$1,366,148
Total Liabilities	$0
Net Assets	$1,366,148

Compensation

Key Employees and Officers	Compensation	Other
Martha W Pellett (Trustee)	$0	$0

990-PF

Filed on Oct. 12, 2023

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$254,953

Expenses

$103,978

Net Income

$150,975

Net Assets

$1,443,711

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,259	2.1%
Dividends	$30,332	11.9%
Sales of Assets	$219,362	86.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$78,270	75.3%
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	$1,445,211
Total Liabilities	$1,500
Net Assets	$1,443,711

Compensation

Key Employees and Officers	Compensation	Other
Martha W Pellett (Trustee)	$0	$0

990-PF

Filed on March 14, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$65,984

Expenses

$67,611

Net Income

-$1,627

Net Assets

$1,294,673

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,830	7.3%
Dividends	$29,276	44.4%
Sales of Assets	$31,878	48.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,967	72.4%
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	$1,294,674
Total Liabilities	$1
Net Assets	$1,294,673

Compensation

Key Employees and Officers	Compensation	Other
Martha W Pellett (Trustee)	$0	$0

990-PF

Filed on April 2, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$144,822

Expenses

$76,785

Net Income

$68,037

Net Assets

$1,293,636

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,478	3.1%
Dividends	$32,369	22.4%
Sales of Assets	$107,975	74.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$56,972	74.2%
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	$1,295,480
Total Liabilities	$1,844
Net Assets	$1,293,636

Compensation

Key Employees and Officers	Compensation	Other
Martha W Pellett (Trustee)	$0	$0

990-PF

Filed on July 22, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$135,343

Expenses

$147,072

Net Income

-$11,729

Net Assets

$1,225,859

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,359	3.2%
Dividends	$31,517	23.3%
Sales of Assets	$99,467	73.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$126,975	86.3%
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	$1,226,089
Total Liabilities	$230
Net Assets	$1,225,859

Compensation

Key Employees and Officers	Compensation	Other
Martha W Pellett (Trustee)	$0	$0

990-PF

Filed on April 11, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$149,645

Expenses

$94,002

Net Income

$55,643

Net Assets

$1,239,532

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,245	3.5%
Dividends	$27,253	18.2%
Sales of Assets	$117,147	78.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$70,250	74.7%
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	$1,241,384
Total Liabilities	$1,852
Net Assets	$1,239,532

Compensation

Key Employees and Officers	Compensation	Other
Martha W Pellett (Trustee)	$0	$0

990-PF

Filed on June 25, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$83,830

Expenses

$134,468

Net Income

-$50,638

Net Assets

$1,184,637

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$33,394	39.8%
Sales of Assets	$50,436	60.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$114,350	85.0%
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	$1,184,637
Total Liabilities	$0
Net Assets	$1,184,637

Compensation

Key Employees and Officers	Compensation	Other
Martha W Pellett (Trustee)	$0	$0

990-PF

Filed on June 5, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$111,531

Expenses

$85,279

Net Income

$26,252

Net Assets

$1,235,275

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,033	6.3%
Dividends	$25,697	23.0%
Sales of Assets	$78,309	70.2%
Other Income	$492	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$63,314	74.2%
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	$1,235,275
Total Liabilities	$0
Net Assets	$1,235,275

Compensation

Key Employees and Officers	Compensation	Other
Martha W Pellett (Trustee)	$0	$0

990-PF

Filed on June 2, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$138,089

Expenses

$112,655

Net Income

$25,434

Net Assets

$1,209,026

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,627	3.4%
Dividends	$35,688	25.8%
Sales of Assets	$97,774	70.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$88,315	78.4%
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	$1,209,026
Total Liabilities	$0
Net Assets	$1,209,026

Compensation

Key Employees and Officers	Compensation	Other
Martha W Pellett (Trustee)	$0	$0

990-PF

Filed on April 28, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$135,870

Expenses

$87,114

Net Income

$48,756

Net Assets

$1,183,592

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,778	2.8%
Dividends	$29,707	21.9%
Sales of Assets	$102,385	75.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$66,000	75.8%
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	$1,183,592
Total Liabilities	$0
Net Assets	$1,183,592

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$91,436

Expenses

$81,218

Net Income

$10,218

Net Assets

$1,134,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$36,701	40.1%
Sales of Assets	$54,735	59.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,100	74.0%
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	$1,134,837
Total Liabilities	$0
Net Assets	$1,134,837

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$67,566

Expenses

$83,086

Net Income

-$15,520

Net Assets

$1,124,038

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$36,508	54.0%
Sales of Assets	$31,058	46.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$61,100	73.5%
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	$1,124,038
Total Liabilities	$0
Net Assets	$1,124,038

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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

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.

Updated March 23, 2026

Wallace Fam Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $160k (2024)

Expenses $127k (2024)

Total Assets $1.39M (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

Document Links

990-PF

Revenue

$160k (2024)

Expenses

$127k (2024)

Total Assets

$1.39M (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