Donald W Wallace And Erika R Wallace Family Foundation Inc
- Assets
- $284.9k
- Revenue
- $9.0k
- Investments
- $277.7k
- Employees
- 0
- Location
- Thonotosassa, FL
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-3104585
Organization Overview
Donald W Wallace And Erika R Wallace Family Foundation Inc is located in Thonotosassa, FL. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Donald W Wallace And Erika R Wallace Family Foundation Inc 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 12/2023, Donald W Wallace And Erika R Wallace Family Foundation Inc generated $9.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $72.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Donald W Wallace And Erika R Wallace Family Foundation Inc has awarded 33 individual grants totaling $470,440. 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 |
|---|---|---|---|
Donald W Wallace Director & President | 1 | $0 | |
Erika R Wallace Director | 1 | $0 | |
Gina Space Director | 1 | $0 | |
Malinda Webster Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,800 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,210 |
| Capital Gain Net Income | $5,210 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,814 |
| Total operating and administrative expenses | $6,076 |
| Contributions, gifts, grants paid | $66,001 |
| Total expenses and disbursements | $72,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,151 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $277,716 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12 |
| Total assets | $284,879 |
| Accounts payable and accrued expenses | $10 |
| 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 | $10 |
Grants Awarded
Over the last fiscal year, Donald W Wallace And Erika R Wallace Family Foundation Inc has awarded $66,001 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTIAN CONGREGATION OF JEHOVAHS WITNESSES PURPOSE: TO SUPPORT THE ORGANIZATION | $23,250 |
TBMW INC PURPOSE: TO SUPPORT THE ORGANIZATION | $17,028 |
FRIENDS OF THE COUNTY PARKS AND RECREATION DEPARTMEN INC PURPOSE: TO SUPPORT THE ORGANIZATION | $25,723 |