Louise F Wallace Charitable Trust
- Assets
- $425.8k
- Revenue
- $38.2k
- Investments
- $413.9k
- Employees
- 0
- Location
- Wilson, NC
- Founding
- Data as of
- 12/2020
- EIN
- 57-6080124
Organization Overview
Louise F Wallace Charitable Trust is located in Wilson, NC. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louise F Wallace Charitable Trust 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 12/2020, Louise F Wallace Charitable Trust generated $38.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 47.1% each year . All expenses for the organization totaled $18.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,672 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,680 |
| Capital Gain Net Income | $26,680 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $827 |
| Total Revenue | $38,179 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,201 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $742 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,769 |
| Contributions, gifts, grants paid | $8,650 |
| Total expenses and disbursements | $18,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,862 |
| 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 | $230,459 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $425,788 |
| 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, Louise F Wallace Charitable Trust has awarded $8,650 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SISTERS OF CHARITY FDN OF SC PURPOSE: GENERAL FUNDS | $1,730 |
SHRINERS HOSPITAL GREENVILLE PURPOSE: GENERAL FUNDS | $1,730 |
PALMETTO HEALTH CHILDRENS PURPOSE: GENERAL FUNDS | $1,730 |
MEDICAL UNIVERSITY OF SC DIV OF PURPOSE: GENERAL FUNDS | $1,730 |
Columbia, SC PURPOSE: GENERAL FUNDS | $1,730 |
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Independent Living Services Inc Conway, AR | $17,341,970 | $13,877,516 |
Bell-Whitley Community Action Agency Inc Pineville, KY | $7,463,214 | $9,666,646 |
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Genesis Innovation Academy Inc Atlanta, GA | $15,607,375 | $11,246,482 |
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