Allyrae Wallace Educational Tr

Organization Overview

Allyrae Wallace Educational Tr is located in Camden, AL. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allyrae Wallace Educational Tr 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, Allyrae Wallace Educational Tr generated $82.2k 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 (9.8%) each year. All expenses for the organization totaled $154.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Allyrae Wallace Educational Tr has awarded 315 individual grants totaling $1,484,496. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION AWARDS CASH SCHOLARSHIPS TO WILCOX COUNTY RESIDENTS TO ATTEND COLLEGE OR VOCATIONAL SCHOOLS. THE FOUNDATION AWARDED OVER 350 SCHOLARSHIPS THIS YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Haas Strother
Trustee
$20,000
Rj Browder
Trustee
$20,000

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $3,922
Dividends & Interest $0
Net Rental Income$39,000
Net Gain on Sale of Assets $39,327
Capital Gain Net Income $39,327
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $82,249

Grants Awarded

Over the last fiscal year, Allyrae Wallace Educational Tr has awarded $80,900 in support to 30 organizations.

Grant RecipientAmount

UNIVERSITY OF ALABAMA

PURPOSE: EDUCATIONAL SCHOLARSHIP

$22,300

TROY UNIVERSITY

PURPOSE: EDUCATIONAL SCHOLARSHIP

$17,500

AUBURN UNIVERSITY

PURPOSE: EDUCATIONAL SCHOLARSHIP

$10,900

UNIVERSITY OF SOUTH ALABAMA

Org PageRecipient Profile

Mobile, AL

PURPOSE: EDUCATIONAL SCHOLARSHIP

$5,950

ALABAMA A M

PURPOSE: EDUCATIONAL SCHOLARSHIP

$4,200

UNIVERSITY OF WEST ALABAMA

Org PageRecipient Profile

Livingston, AL

PURPOSE: EDUCATIONAL SCHOLARSHIP

$4,100
View Grant Profile

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