Bruce & Marilyn Wallace Foundation
- Assets
- $4.4m
- Revenue
- $370.1k
- Investments
- $4.2m
- Employees
- 0
- Location
- Woodland Hills, CA
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 77-0556704
Organization Overview
Bruce & Marilyn Wallace Foundation is located in Woodland Hills, CA. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Bruce & Marilyn Wallace 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, Bruce & Marilyn Wallace Foundation generated $370.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $281.9k during the year ending 12/2022. While expenses have increased by 7.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bruce & Marilyn Wallace Foundation has awarded 46 individual grants totaling $1,225,126. 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 |
|---|---|---|---|
Elizabeth Wallace Director, President | 0 | $0 | |
Benjamin Wallace Director, Secretary | 0 | $0 | |
Nathan Wallace Treasurer | 0 | $0 | |
Alissa Wallace Vice President | 0 | $0 | |
Carolyn C Jennings Vp/asst. Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $252,000 |
| Interest on Savings | $6,977 |
| Dividends & Interest | $94,321 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,807 |
| Capital Gain Net Income | $16,807 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $370,105 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,932 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $142 |
| Total operating and administrative expenses | $4,911 |
| Contributions, gifts, grants paid | $277,000 |
| Total expenses and disbursements | $281,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $160,680 |
| 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 | $52,578 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,166,484 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,379,742 |
| 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, Bruce & Marilyn Wallace Foundation has awarded $277,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
FOOD AND FRIENDS PURPOSE: DELIVERING NUTRITIOUS MEALS TO THOSE BATTLING SERIOUS ILLNESSES | $30,000 |
O-HIGHER EDUCATION PURPOSE: EDUCATION | $20,000 |
VENTURA COUTNY SCIENCE CENTER LEAP LAB PURPOSE: SCIENCE EDUCATION | $35,000 |
PASO PACIFICO PURPOSE: TO BUILD WILDLIFE CORRIDORS THAT PROTECT BIODIVERSITY AND CONNECT PEOPLE TO THEIR LAND AND OCEAN. | $15,000 |
HOPE IN A BOX PURPOSE: PROVIDE PUBLIC SCHOOL EDUCATORS WITH CURATED SETS OF LGBTQ-INCLUSIVE LITERATURE, DISTINCTIVE CURRICULUM FOR THESE BOOKS, AND COMMUNITY AND TRAINING ON HOW TO BUILD AN LGBTQ-INCLUSIVE CLASSROOM. | $15,000 |
ALL FOR LUNCH PURPOSE: PROVIDE FOOD TO FAMILIES IN NEED IN VENTURA COUNTY | $15,000 |