Trace Foundation
- Assets
- $2.9m
- Revenue
- $775.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 47-5363033
Organization Overview
Trace Foundation is located in Annapolis, MD. The organization was established in 2016. 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. Trace 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, Trace Foundation generated $775.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year.
Since 2017, Trace Foundation has awarded 23 individual grants totaling $674,735. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRACE PRIZE FOR INVESTIGATIVE REPORTING RECOGNIZES JOURNALISM THAT UNCOVERS BUSINESS BRIBERY WITH THE GOAL OF INCREASING COMMERCIAL TRANSPARENCY.NOMINEES MAY BE PRINT, BROADCAST OR ONLINE REPORTERS FROM ANY COUNTRY WHO HAVE INVESTIGATED COMMERCIAL BRIBERY SCHEMES, BUSINESS ACTIVITIES THAT CREATE SERIOUS CONFLICTS OF INTEREST OR SIMILAR MISCONDUCT. ENTRIES MUST HAVE APPEARED IN PRINT OR ONLINE DURING THE YEAR PRECEDING THE AWARD. MULTIPLE ENTRIES PER AUTHOR ARE PERMITTED, AS ARE TEAM ENTRIES PRODUCED BY GROUPS OF JOURNALISTS. A PANEL OF INDEPENDENT JUDGES REVIEW THE SUBMISSIONS AND SELECT UP TO TWO WINNING ENTRIES. EACH WINNING ENTRY RECEIVES A CASH PRIZE OF $10,000 USD AND THE REPORTER WILL BE INVITED TO AN AWARD CEREMONY HOSTED BY TRACE. THE JUDGES MAY ALSO NAME UP TO TWO HONORABLE MENTIONS, WHO EACH RECEIVE $1,000 USD.
THE TRACE FOUNDATION IS THE PRIMARY FUNDER OF A CANADIAN DOCUMENTARY ABOUT THE IMPACT OF COLLUSION BETWEEN CORRUPT BUSINESS PARTNERS AND KEY EMPLOYEES WITHIN THE MULTINATIONALS THAT THEY REPRESENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Wallenstein Director | 0 | $0 | |
Stephen Wrage Secretary | 0 | $0 | |
Amy Sommers Treasurer | 0 | $0 | |
Alexandra Wrage President | 0 | $0 | |
Jonathan Dimmer Director | 0 | $0 | |
Jessie Reynolds O'neil Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $670,000 |
| Interest on Savings | $33,640 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,392 |
| Capital Gain Net Income | $71,392 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $775,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,720 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $586,936 |
| Total operating and administrative expenses | $588,656 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $778,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,921,219 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,000 |
| Total assets | $2,922,219 |
| Accounts payable and accrued expenses | $26 |
| 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 | $26 |
Grants Awarded
Over the last fiscal year, Trace Foundation has awarded $190,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE INTERNATIONAL CENTRE FOR CRIMINAL LAW REFORM AND CRIMINAL JUSTICE POLIC PURPOSE: CONTRIBUTION TO ASSIST IN THE FUNDING OF AN ANTI-CORRUPTION INSTITUTE WITHIN THE INTERNATIONAL CENTRE FOR CRIMINAL LAW REFORM AND CRIMINAL JUSTICE POLICY | $50,000 |
AMERICAN BAR ASSOCIATION FUND FOR JUSTICE AND EDUCATION PURPOSE: GUATEMALAN ANTI-CORRUPTION INITIATIVE | $50,000 |
ALFRED FRIENDLY PRESS PARTNERS PURPOSE: 2021 FELLOWSHIP SUPPORT | $50,000 |
INTEGRITY SANCTUARY PURPOSE: GRANT | $30,000 |
NORWEGIAN SCHOOL OF ECONOMIC PURPOSE: NHH STUDENT GRANT - STUDENTS INVESTIGATION OF THE NORWEGIAN OIL FUNDS CORRUPTION RISK | $5,000 |
THE UNIVERSITY OF BRITISH COLUMBIA PURPOSE: JERSEY OFFSHORE INVESTIGATION PROJECT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trace Foundation has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Trace International Inc Annapolis, MD PURPOSE: GENERAL SUPPORT | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |