Mary And James G Wallach Foundation
- Assets
- $58.3m
- Revenue
- $1.7m
- Investments
- $49.6m
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 12/1968
- Data as of
- 12/2022
- EIN
- 13-6278694
Organization Overview
Mary And James G Wallach Foundation is located in Purchase, NY. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary And James G Wallach Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Mary And James G Wallach Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (37.0%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mary And James G Wallach Foundation has awarded 89 individual grants totaling $10,980,029. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Wallach President | 0.5 | $0 | |
Howard Herman Secretary/treasurer | 0.5 | $0 | |
Andrew Wallach Vice-President | 0.5 | $0 | |
Scott Wallach Vice-President | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenhaven Associates Inc | 12/30/22 | $552,145 |
Brave Warrior | 12/30/22 | $175,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $116,905 |
| Dividends & Interest | $1,072,823 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $544,723 |
| Capital Gain Net Income | $544,723 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,734,451 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,469 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,244 |
| Total operating and administrative expenses | $785,483 |
| Contributions, gifts, grants paid | $3,461,770 |
| Total expenses and disbursements | $4,247,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,693,991 |
| Net Accounts receivable | $18,230 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $58,293,154 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mary And James G Wallach Foundation has awarded $3,461,770 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JEWISH COMMITTEE PURPOSE: GENERAL PURPOSE | $10,000 |
CENTRAL PARK CONSERVANCY INC PURPOSE: GENERAL PURPOSE | $98,400 |
CITY MEALS PURPOSE: GENERAL PURPOSE | $5,000 |
FOCUS FOR FUTURE PURPOSE: GENERAL PURPOSE | $5,000 |
INTERNATIONAL RESCUE COMMITTEE INC PURPOSE: GENERAL PURPOSE | $325,000 |
JAPANESE ART SOCIETY OF AMERICA PURPOSE: GENERAL PURPOSE | $20,000 |