Wallace H Coulter Foundation
- Assets
- $69.1m
- Revenue
- $3.5m
- Investments
- $57.8m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 31-1546126
Organization Overview
Wallace H Coulter Foundation is located in Miami, FL. The organization was established in 1997. 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. Wallace H Coulter 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 12/2021, Wallace H Coulter Foundation generated $3.5m 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 (26.4%) each year. All expenses for the organization totaled $12.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wallace H Coulter Foundation has awarded 196 individual grants totaling $47,733,297. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Van President, CEO | 40 | $419,431 | |
Wayne Barlin V. Pres., General Counsel | 40 | $362,511 | |
Susan Racher V. Pres., CFO | 40 | $353,178 | |
Susie Sands V. Pres., Asian Programs | 40 | $284,450 | |
Gregory Thornton Controller | 40 | $280,139 | |
Dennis Van Program Director | 40 | $261,046 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crossroads Consulting Inc | 12/30/21 | $200,000 |
Northern Trust Company | 12/30/21 | $108,433 |
Dr Rifat Pamukcu | 12/30/21 | $105,000 |
Infor Inc | 12/30/21 | $90,175 |
Deloitte & Touche Llp | 12/30/21 | $92,735 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,877 |
| Dividends & Interest | $670,265 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,841,937 |
| Capital Gain Net Income | $4,930,321 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,666 |
| Total Revenue | $3,533,745 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,377,453 |
| Other employee salaries and wages | $876,801 |
| Pension plans, employee benefits | $720,292 |
| Interest | $0 |
| Taxes | $10,786 |
| Depreciation | $0 |
| Occupancy | $157,829 |
| Travel, conferences, and meetings | $56,824 |
| Printing and publications | $116,860 |
| Other expenses | $159,006 |
| Total operating and administrative expenses | $4,575,583 |
| Contributions, gifts, grants paid | $7,550,803 |
| Total expenses and disbursements | $12,126,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,941,804 |
| Net Accounts receivable | $0 |
| 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 | $102,397 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $36,202,119 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,199,959 |
| Total assets | $69,054,483 |
| Accounts payable and accrued expenses | $637,831 |
| Grants payable | $4,399,929 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,598,271 |
| Total liabilities | $7,636,031 |
Grants Awarded
Over the last fiscal year, Wallace H Coulter Foundation has awarded $20,724,894 in support to 97 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT | $1,900,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $900,000 |
NATIONAL URBAN INDIAN FAMILY COALITION PURPOSE: GENERAL SUPPORT | $650,000 |
UNIVERSITY OF CALIFORNIA RIVERSIDE PURPOSE: GENERAL SUPPORT | $600,000 |
La Jolla, CA PURPOSE: GENERAL SUPPORT | $600,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Marie-Josee And Henry R Kravis Foundation West Palm Beach, FL | $65,193,748 | $101,287,799 |
Peter@degeorge Family Foundation Inc Palm Beach Gardens, FL | $1,828,456 | $678,712 |
The Batchelor Foundation Inc Miami Beach, FL | $358,630,434 | $9,326,509 |
Lettie Pate Evans Foundation Inc Atlanta, GA | $69,308,402 | $17,897,458 |
Cornelia T Bailey Charitable Trust West Palm Beach, FL | $355,586,591 | $19,852,168 |
James M Cox Foundation Of Ga Inc Atlanta, GA | $0 | $81,966,247 |
Georgia Power Foundation Inc In Receivership Atlanta, GA | $222,309,509 | $29,809,906 |
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |