Wallace Fam Foundation
- Assets
- $1.4m
- Revenue
- $81.3k
- Investments
- $1.3m
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 58-6343201
Organization Overview
Wallace Fam Foundation is located in Greenville, SC. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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 Fam 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 12/2022, Wallace Fam Foundation generated $81.3k 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 (3.9%) each year. All expenses for the organization totaled $159.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wallace Fam Foundation has awarded 106 individual grants totaling $699,116. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,012 |
| Dividends & Interest | $33,023 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,266 |
| Capital Gain Net Income | $43,656 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,301 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,542 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,730 |
| Contributions, gifts, grants paid | $131,530 |
| Total expenses and disbursements | $159,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,246 |
| Savings and temporary cash investments | $49,705 |
| 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 | $394 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $46,528 |
| Total assets | $1,366,148 |
| 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, Wallace Fam Foundation has awarded $131,530 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKGREEN GARDENS PURPOSE: COMMUNITY | $25,600 |
CITIDEL PURPOSE: EDUCATION | $10,000 |
CAMPERDOWN ACADEMY PURPOSE: EDUCATION | $1,000 |
PROJECT HOST PURPOSE: REHABILITATION | $1,000 |
METROPOLITAN ARTS COUNCIL PURPOSE: ARTS | $15,000 |
GREENVILLE COUNTY MUSEUM OF ART PURPOSE: ARTS | $8,857 |