Wallis Foundation

Los Angeles, CA
Tax-exempt since June 1959
EIN: 95-6027469

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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.

Donations to this organization are tax deductible.

Revenue

$341k (2025)

Expenses

$426k (2025)

Total Assets

$387k (2025)

Total Liabilities

$0 (2025)

Years with missing data

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

Revenue

$340,857

Expenses

$425,620

Net Income

-$84,763

Net Assets

$387,310

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7	0.0%
Dividends	$13,630	4.0%
Sales of Assets	$113,321	33.2%
Other Income	$213,899	62.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$345,508	81.2%
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	$387,310
Total Liabilities	$0
Net Assets	$387,310

Compensation

Key Employees and Officers	Compensation	Other
Michael Sack (Cfo/Director)	$0	$0
Jeffrey Glassman (Sec'y/Director)	$0	$0
Beth Wallis (President/Director)	$0	$0

990-PF

Filed on Nov. 14, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2024

Revenue

$149,945

Expenses

$399,370

Net Income

-$249,425

Net Assets

$472,073

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$16	0.0%
Dividends	$11,371	7.6%
Sales of Assets	$7,194	4.8%
Other Income	$131,364	87.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$316,768	79.3%
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	$472,073
Total Liabilities	$0
Net Assets	$472,073

Compensation

Key Employees and Officers	Compensation	Other
Michael Sack (Cfo/Director)	$0	$0
Jeffrey Glassman (Sec'y/Director)	$0	$0
Beth Wallis (President/Director)	$0	$0

990-PF

Filed on May 9, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2023

Revenue

$240,112

Expenses

$304,378

Net Income

-$64,266

Net Assets

$721,498

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$21	0.0%
Dividends	$10,088	4.2%
Sales of Assets	$0
Other Income	$230,003	95.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$223,553	73.4%
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	$721,498
Total Liabilities	$0
Net Assets	$721,498

Compensation

Key Employees and Officers	Compensation	Other
Michael Sack (Cfo/Director)	$0	$0
Jeffrey Glassman (Sec'y/Director)	$0	$0
Beth Wallis (President/Director)	$0	$0

990-PF

Filed on Nov. 16, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2022

Revenue

$343,643

Expenses

$284,264

Net Income

$59,379

Net Assets

$785,764

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$26	0.0%
Dividends	$7,352	2.1%
Sales of Assets	$26,336	7.7%
Other Income	$309,929	90.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$217,474	76.5%
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	$785,764
Total Liabilities	$0
Net Assets	$785,764

Compensation

Key Employees and Officers	Compensation	Other
Michael Sack (Cfo/Director)	$0	$0
Jeffrey Glassman (Sec'y/Director)	$0	$0
Beth Wallis (President/Director)	$0	$0

990-PF

Filed on Nov. 11, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2021

Revenue

$241,422

Expenses

$258,539

Net Income

-$17,117

Net Assets

$726,384

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,730	1.5%
Dividends	$8,081	3.3%
Sales of Assets	$9,183	3.8%
Other Income	$220,428	91.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$187,730	72.6%
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	$726,385
Total Liabilities	$1
Net Assets	$726,384

Compensation

Key Employees and Officers	Compensation	Other
Michael Sack (Cfo/Director)	$0	$0
Jeffrey Glassman (Sec'y/Director)	$0	$0
Beth Wallis (President/Director)	$0	$0

990-PF

Filed on Aug. 3, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2020

Revenue

$240,200

Expenses

$200,384

Net Income

$39,816

Net Assets

$743,501

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$45	0.0%
Dividends	$11,482	4.8%
Sales of Assets	$0
Other Income	$228,673	95.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$128,097	63.9%
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	$743,502
Total Liabilities	$1
Net Assets	$743,501

Compensation

Key Employees and Officers	Compensation	Other
Michael Sack (Cfo/Director)	$0	$0
Jeffrey Glassman (Sec'y/Director)	$0	$0
Beth Wallis (President/Director)	$0	$0

990-PF

Filed on July 15, 2021

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

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending June
2019

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending June
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending June
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending June
2016

Revenue

$329,809

Expenses

$4,212,707

Net Income

-$3,882,898

Net Assets

$5,458,269

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$73	0.0%
Dividends	$118,706	36.0%
Sales of Assets	$0
Other Income	$225,928	68.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,024,908	95.5%
Compensation of Officers*	$48,000	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	$5,458,269
Total Liabilities	$0
Net Assets	$5,458,269

990-PF

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

PDF

Fiscal Year Ending June
2015

Revenue

$620,872

Expenses

$4,273,003

Net Income

-$3,652,131

Net Assets

$9,341,167

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$79	0.0%
Dividends	$219,310	35.3%
Sales of Assets	$45,442	7.3%
Other Income	$356,041	57.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,042,225	94.6%
Compensation of Officers*	$48,000	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	$9,341,167
Total Liabilities	$0
Net Assets	$9,341,167

990-PF

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

PDF

Fiscal Year Ending June
2014

Revenue

$1,494,140

Expenses

$4,216,524

Net Income

-$2,722,384

Net Assets

$12,993,298

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$67	0.0%
Dividends	$219,078	14.7%
Sales of Assets	$1,155,821	77.4%
Other Income	$119,174	8.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,959,318	93.9%
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	$12,993,298
Total Liabilities	$0
Net Assets	$12,993,298

990-PF

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

PDF

Fiscal Year Ending June
2013

Revenue

$1,143,740

Expenses

$4,310,321

Net Income

-$3,166,581

Net Assets

$15,715,682

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,112	0.4%
Dividends	$316,895	27.7%
Sales of Assets	$379,690	33.2%
Other Income	$443,043	38.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,025,878	93.4%
Compensation of Officers*	$48,000	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	$15,715,682
Total Liabilities	$0
Net Assets	$15,715,682

990-PF

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

PDF

Fiscal Year Ending June
2012

Revenue

$906,367

Expenses

$4,445,175

Net Income

-$3,538,808

Net Assets

$18,882,263

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,238	0.9%
Dividends	$457,487	50.5%
Sales of Assets	$197,597	21.8%
Other Income	$243,045	26.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,139,554	93.1%
Compensation of Officers*	$54,667	1.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,882,263
Total Liabilities	$0
Net Assets	$18,882,263

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

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Updated January 26, 2026

Wallis Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $341k (2025)

Expenses $426k (2025)

Total Assets $387k (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending June 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending June 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$341k (2025)

Expenses

$426k (2025)

Total Assets

$387k (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending June
2025

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002

Fiscal Year Ending June
2001