Wallace Genetic Foundation Ii Inc

  • Washington, DC
  • Tax exemption issued: May 2017
  • EIN: 81-4236372

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.

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

Donations to this organization are tax deductible.

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. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,272,724
Expenses
$6,591,518
Net Income
$3,681,206
Net Assets
$112,420,062
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $644,809
6.3%
Sales of Assets $9,627,915
93.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,885,000
89.3%
Compensation of Officers* $160,000
2.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $112,420,062
Total Liabilities $0
Net Assets $112,420,062
Compensation
Key Employees and Officers Compensation Other
Michaela Oldfield (Executive Director) $160,000 $4,800
David W Douglas (President & Treasurer) $0 $0
Deborah Smith Douglas (Vice President & Secretary) $0 $0

Document Links

990-PF
Filed on Feb. 24, 2026

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,924,302
Expenses
$6,031,569
Net Income
-$2,107,267
Net Assets
$99,458,180
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $612,918
15.6%
Sales of Assets $3,311,384
84.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,422,000
89.9%
Compensation of Officers* $145,000
2.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $99,458,180
Total Liabilities $0
Net Assets $99,458,180
Compensation
Key Employees and Officers Compensation Other
Michaela Oldfield (Executive Director) $145,000 $4,350
David W Douglas (President & Treasurer) $0 $0
Deborah Smith Douglas (Vice President & Secretary) $0 $0

Document Links

990-PF
Filed on April 16, 2025

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$542,323
Expenses
$5,080,976
Net Income
-$4,538,653
Net Assets
$86,169,475
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $542,323
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,535,000
89.3%
Compensation of Officers* $130,000
2.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $86,169,475
Total Liabilities $0
Net Assets $86,169,475
Compensation
Key Employees and Officers Compensation Other
Michaela Oldfield (Executive Director) $130,000 $3,900
David Douglas (President & Treasurer) $0 $0
Deborah Smith Douglas (Vice President & Secretary) $0 $0

Document Links

990-PF
Filed on April 5, 2024

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$561,626
Expenses
$5,016,824
Net Income
-$4,455,198
Net Assets
$70,748,673
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $561,626
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,480,000
89.3%
Compensation of Officers* $117,004
2.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $70,748,673
Total Liabilities $0
Net Assets $70,748,673
Compensation
Key Employees and Officers Compensation Other
Michaela Oldfield (Executive Director) $117,004 $3,510
David Douglas (President & Treasurer) $0 $0
Deborah Smith Douglas (Vice President & Secretary) $0 $0

Document Links

990-PF
Filed on April 14, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$734,678
Expenses
$5,629,458
Net Income
-$4,894,780
Net Assets
$105,211,687
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $734,678
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,000,000
88.8%
Compensation of Officers* $106,001
1.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $105,211,687
Total Liabilities $0
Net Assets $105,211,687
Compensation
Key Employees and Officers Compensation Other
Michaela Oldfield (Executive Director) $106,001 $3,180
David Douglas (President & Treasurer) $0 $0
Deborah Smith Douglas (Vice President & Secretary) $0 $0

Document Links

990-PF
Filed on April 4, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$878,331
Expenses
$5,160,736
Net Income
-$4,282,405
Net Assets
$94,078,585
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $878,331
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,500,000
87.2%
Compensation of Officers* $101,500
2.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $94,078,586
Total Liabilities $1
Net Assets $94,078,585
Compensation
Key Employees and Officers Compensation Other
Michaela Oldfield (Executive Director) $101,500 $3,045
David Douglas (President & Treasurer) $0 $0
Deborah Smith Douglas (Vice President & Secretary) $0 $0

Document Links

990-PF
Filed on May 14, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,091,440
Expenses
$68,733,863
Net Income
-$67,642,423
Net Assets
$75,490,710
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,091,072
100.0%
Sales of Assets $0
Other Income $368
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,585,000
5.2%
Compensation of Officers* $110,764
0.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $75,490,711
Total Liabilities $1
Net Assets $75,490,710
Compensation
Key Employees and Officers Compensation Other
Michaela Oldfield (Executive Director) $110,764 $3,123
David Douglas (President & Treasurer) $0 $0
Deborah Smith Douglas (Vice President & Secretary) $0 $0

Document Links

990-PF
Filed on Oct. 14, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,561,576
Expenses
$8,516,958
Net Income
-$5,955,382
Net Assets
$126,755,872
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,561,576
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,955,000
93.4%
Compensation of Officers* $90,720
1.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $126,755,872
Total Liabilities $0
Net Assets $126,755,872
Compensation
Key Employees and Officers Compensation Other
Michaela Oldfield (Co-executive Director) $69,120 $2,073
Cynthia Duffy (Co-executive Director) $21,600 $648
Ann D Cornell (President) $0 $0
David Douglas (Secretary & Treasurer) $0 $0
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Document Links

990-PF
Filed on May 14, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$5,482
Expenses
$53
Net Income
-$5,535
Net Assets
$152,171,605
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $10,820
Sales of Assets -$16,302
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $152,171,605
Total Liabilities $0
Net Assets $152,171,605
Compensation
Key Employees and Officers Compensation Other
David Douglas (Secretary And Treasurer) $0 $0
Ann D Cornell (President) $0 $0
Cynthia Duffy (Co-executive Director) $0 $0
Michaela Oldfield (Co-executive Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Sept. 7, 2018

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

View Filing
XML

Fiscal Year Ending Dec.
2016

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 financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited 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 for 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?

Most organizations that have been recognized as tax exempt by the IRS have to file the 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 the 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," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

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 Employer Identification Numbers 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.
  • 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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