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Wallace Foundation

  • Morristown, TN
  • Tax-exempt since Jan. 1964
  • EIN: 62-6048465

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
$263k (2025)

Expenses
$215k (2025)

Total Assets
$5.31M (2025)

Total Liabilities
$0 (2025)

Source: Form 990 tax filings from 2012 to 2025

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 June
2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$262,925
Expenses
$215,146
Net Income
$47,779
Net Assets
$5,311,462
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,941
1.1%
Dividends $217,147
82.6%
Sales of Assets $34,365
13.1%
Other Income $8,472
3.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $214,017
99.5%
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 $5,311,462
Total Liabilities $0
Net Assets $5,311,462
Compensation
Key Employees and Officers Compensation Other
Doyle M Wallace (President) $0 $0
Robin W Dawson (Treasurer) $0 $0
Lisa W Trusler (Secretary) $0 $0

Document Links

990-PF
Filed on Nov. 13, 2025

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

View Filing
XML

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$559,045
Expenses
$216,648
Net Income
$342,397
Net Assets
$4,944,277
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $379,540
67.9%
Interest Revenue $13,887
2.5%
Dividends $108,305
19.4%
Sales of Assets $49,741
8.9%
Other Income $7,572
1.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $215,714
99.6%
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 $4,944,277
Total Liabilities $0
Net Assets $4,944,277
Compensation
Key Employees and Officers Compensation Other
Doyle M Wallace (President) $0 $0
Robin W Dawson (Treasurer) $0 $0
Lisa W Trusler (Secretary) $0 $0

Document Links

990-PF
Filed on May 15, 2025

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

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,965,426
Expenses
$140,298
Net Income
$2,825,128
Net Assets
$4,271,907
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,910,971
98.2%
Interest Revenue $2,866
0.1%
Dividends $40,857
1.4%
Sales of Assets $3,053
0.1%
Other Income $7,679
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $137,204
97.8%
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 $4,271,907
Total Liabilities $0
Net Assets $4,271,907
Compensation
Key Employees and Officers Compensation Other
Doyle M Wallace (President) $0 $0
Robin W Dawson (Treasurer) $0 $0
Lisa W Trusler (Secretary) $0 $0

Document Links

990-PF
Filed on Feb. 23, 2024

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

View Filing
PDF XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$734,419
Expenses
$68,267
Net Income
$666,152
Net Assets
$1,274,560
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $710,256
96.7%
Interest Revenue $12
0.0%
Dividends $12,820
1.7%
Sales of Assets $3,680
0.5%
Other Income $7,651
1.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $67,683
99.1%
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 $1,274,560
Total Liabilities $0
Net Assets $1,274,560
Compensation
Key Employees and Officers Compensation Other
Doyle M Wallace (President) $0 $0
Robin W Dawson (Treasurer) $0 $0
Lisa W Trusler (Secretary) $0 $0

Document Links

990-PF
Filed on Dec. 6, 2022

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

View Filing
PDF XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$405,250
Expenses
$68,578
Net Income
$336,672
Net Assets
$656,269
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $380,106
93.8%
Interest Revenue $0
Dividends $5,228
1.3%
Sales of Assets $10,409
2.6%
Other Income $9,507
2.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $68,015
99.2%
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 $656,270
Total Liabilities $1
Net Assets $656,269
Compensation
Key Employees and Officers Compensation Other
Doyle M Wallace (President) $0 $0
Robin W Dawson (Treasurer) $0 $0
Lisa W Trusler (Secretary) $0 $0

Document Links

990-PF
Filed on Nov. 9, 2021

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

View Filing
PDF XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,980
Expenses
$47,169
Net Income
-$43,189
Net Assets
$263,811
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000
25.1%
Interest Revenue $1
0.0%
Dividends $5,977
> 100%
Sales of Assets $0
Other Income $5,903
> 100%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $46,574
98.7%
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 $263,812
Total Liabilities $1
Net Assets $263,811
Compensation
Key Employees and Officers Compensation Other
Doyle M Wallace (President) $0 $0
Robin W Dawson (Treasurer) $0 $0
Lisa W Trusler (Secretary) $0 $0

Document Links

990-PF
Filed on Oct. 15, 2020

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

View Filing
XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$23,464
Expenses
$62,156
Net Income
-$38,692
Net Assets
$345,548
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000
4.3%
Interest Revenue $0
Dividends $8,581
36.6%
Sales of Assets $6,985
29.8%
Other Income $6,898
29.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $62,156
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 $345,548
Total Liabilities $0
Net Assets $345,548
Compensation
Key Employees and Officers Compensation Other
Doyle M Wallace (President) $0 $0
Robin W Dawson (Treasurer) $0 $0
Lisa W Trusler (Secretary) $0 $0

Document Links

990-PF
Filed on Aug. 30, 2019

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

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$32,219
Expenses
$73,627
Net Income
-$41,408
Net Assets
$389,830
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000
3.1%
Interest Revenue $0
Dividends $5,289
16.4%
Sales of Assets $22,167
68.8%
Other Income $3,763
11.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $73,277
99.5%
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 $389,830
Total Liabilities $0
Net Assets $389,830
Compensation
Key Employees and Officers Compensation Other
Doyle M Wallace (President) $0 $0
Robin W Dawson (Treasurer) $0 $0
Lisa W Trusler (Secretary) $0 $0

Document Links

990-PF
Filed on Aug. 16, 2018

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

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$28,680
Expenses
$169,457
Net Income
-$140,777
Net Assets
$427,263
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $12,000
41.8%
Interest Revenue $200
0.7%
Dividends $5,709
19.9%
Sales of Assets $22,222
77.5%
Other Income -$11,451
Notable Expenses Percent of Total Expenses
Charitable Disbursements $169,157
99.8%
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 $427,263
Total Liabilities $0
Net Assets $427,263
Compensation
Key Employees and Officers Compensation Other
Doyle M Wallace (President) $0 $0
Robin W Dawson (Treasurer) $0 $0
Lisa W Trusler (Secretary) $0 $0

Document Links

990-PF
Filed on Aug. 17, 2017

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

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$182,162
Expenses
$170,532
Net Income
$11,630
Net Assets
$513,439
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $14,445
7.9%
Interest Revenue $540
0.3%
Dividends $9,508
5.2%
Sales of Assets $154,251
84.7%
Other Income $3,418
1.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $170,182
99.8%
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 $513,439
Total Liabilities $0
Net Assets $513,439
Compensation
Key Employees and Officers Compensation Other
Doyle M Wallace (President) $0 $0
Robin W Dawson (Treasurer) $0 $0
Lisa W Trusler (Secretary) $0 $0

Document Links

990-PF
Filed on Aug. 11, 2016

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

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$49,904
Expenses
$87,246
Net Income
-$37,342
Net Assets
$604,265
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,600
7.2%
Interest Revenue $10
0.0%
Dividends $10,737
21.5%
Sales of Assets $36,195
72.5%
Other Income -$638
Notable Expenses Percent of Total Expenses
Charitable Disbursements $86,765
99.4%
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 $676,268
Total Liabilities $72,003
Net Assets $604,265
Compensation
Key Employees and Officers Compensation Other
Doyle M Wallace (President) $0 $0
Robin W Dawson (Treasurer) $0 $0
Lisa W Trusler (Secretary) $0 $0

Document Links

990-PF
Filed on Sept. 10, 2015

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

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$19,635
Expenses
$67,152
Net Income
-$47,517
Net Assets
$659,790
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,200
11.2%
Interest Revenue $7
0.0%
Dividends $15,093
76.9%
Sales of Assets $7,011
35.7%
Other Income -$4,676
Notable Expenses Percent of Total Expenses
Charitable Disbursements $67,152
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 $731,086
Total Liabilities $71,296
Net Assets $659,790
Compensation
Key Employees and Officers Compensation Other
Doyle M Wallace (President) $0 $0
Robin W Dawson (Treasurer) $0 $0
Lisa W Trusler (Secretary) $0 $0

Document Links

990-PF
Filed on July 23, 2014

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

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,769
Expenses
$64,686
Net Income
-$51,917
Net Assets
$648,337
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $15,150
> 100%
Interest Revenue $3
0.0%
Dividends $8,412
65.9%
Sales of Assets $0
Other Income -$9,676
Notable Expenses Percent of Total Expenses
Charitable Disbursements $64,686
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 $714,964
Total Liabilities $66,627
Net Assets $648,337

Document Links

990-PF
Filed on Jan. 14, 2014

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

View Filing
PDF XML

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$363,872
Expenses
$98,429
Net Income
$265,443
Net Assets
$621,268
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $301,100
82.7%
Interest Revenue $4
0.0%
Dividends $7,261
2.0%
Sales of Assets $80,614
22.2%
Other Income -$25,107
Notable Expenses Percent of Total Expenses
Charitable Disbursements $68,146
69.2%
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 $678,222
Total Liabilities $56,954
Net Assets $621,268

Document Links

990-PF

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

PDF

Fiscal Year Ending June
2011

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

990-PF

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

PDF

Fiscal Year Ending June
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

990-PF

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

PDF

Fiscal Year Ending June
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

990-PF

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

PDF
PDF (2 of 2)

Fiscal Year Ending June
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

990-PF

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

PDF

Fiscal Year Ending June
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

990-PF

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

PDF

Fiscal Year Ending June
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

990-PF

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

PDF
PDF (2 of 2)

Fiscal Year Ending June
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

990-PF

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

PDF

Fiscal Year Ending June
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

990-PF

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

PDF

Fiscal Year Ending June
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

990-PF

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

PDF
PDF (2 of 3) PDF (3 of 3)

Fiscal Year Ending June
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

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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About Nonprofit Explorer

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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