Wallace House Foundation-A Museum And Vice Presidential Library
- Assets
- $1.4m
- Revenue
- $470.7k
- Investments
- $0.0
- Employees
- 26
- Location
- Des Moines, IA
- Founding
- 03/1989
- Data as of
- 12/2022
- EIN
- 42-1322071
Organization Overview
Wallace House Foundation-A Museum And Vice Presidential Library is located in Des Moines, IA. The organization was established in 1989. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Wallace House Foundation-A Museum And Vice Presidential Library employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wallace House Foundation-A Museum And Vice Presidential Library 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, Wallace House Foundation-A Museum And Vice Presidential Library generated $470.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $592.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EXEMPT PURPOSE IS TO ENRICH COMMUNITY THROUGH SUSTAINABLE FOOD AND CIVILITY INITIATIVES. PROGRAMS AND SERVICES BUILD AWARENESS OF LOCAL FOOD SYSTEMS, SUSTAINABLE AGRICULTURE, CIVILITY, AND THE WALLACE FAMILY HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS INCLUDED COOKING CLASSES FOR YOUTH AND ADULTS THAT FOCUS ON FRESH FRUITS AND VEGETABLES. GARDEN WORKSHOPS SHARE THE LATEST TIPS AND INFORMATION ABOUT GARDENING IN IOWA. HISTORIC PROGRAMING INCLUDES HISTORY PERFORMANCES AND PRESENTATIONS THAT HIGHLIGHT HISTORIC ISSUES OF WALLACES' FARMER MAGAZINE. PRAIRIE EDUCATION INCLUDED ARTWORK, STROLLS IN THE PRAIRIE AND EDUCATION MATERIALS DISTRIBUTED.
FARM TO TABLE DINING COMBINES PRODUCE GROWN AND HARVESTED ON-SITE WITH INGREDIENTS FROM OTHER IOWA FARMS AND SMALL BUSINESSES FOR MEALS THAT BRING THE FARM'S ABUNDANCE DIRECT TO THE TABLE.
GARDEN PRODUCE WAS RAISED FOR USE IN THE PROGRAMS OFFERED BY WALLACE CENTERS OF IOWA. THERE WAS A DONATION GARDEN PLOT THAT WAS MAINTAINED AND PRODUCE FROM THAT PLOT WAS DONATED TO THE FOOD BANKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Wilson Director | Trustee | 1 | $0 |
Jim Hoyt Director | Trustee | 1 | $0 |
Marion James Director | Trustee | 1 | $0 |
David Murray Director | Trustee | 1 | $0 |
Aubrey Alvarez Secretary | Trustee | 1 | $0 |
Jane Hatfield Anchustegui Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,622 |
| All other contributions, gifts, grants, and similar amounts not included above | $370,856 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $412,478 |
| Total Program Service Revenue | $150,943 |
| Investment income | -$98,881 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,050 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,154 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $470,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $356,018 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,909 |
| Payroll taxes | $27,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,825 |
| Fees for services: Other | $268 |
| Advertising and promotion | $7,502 |
| Office expenses | $6,031 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27 |
| Interest | $583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,936 |
| Insurance | $12,579 |
| All other expenses | $24,253 |
| Total functional expenses | $592,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,747 |
| Savings and temporary cash investments | $674,129 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $579,967 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $1,445,274 |
| Accounts payable and accrued expenses | $921 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $157,040 |
| Total liabilities | $157,961 |
| Net assets without donor restrictions | $1,287,313 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,445,274 |