Wallace Global Fund Ii
- Assets
- $136.2m
- Revenue
- $24.0m
- Investments
- $125.7m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2009
- Data as of
- 12/2021
- EIN
- 80-0424607
Organization Overview
Wallace Global Fund Ii is located in Washington, DC. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Wallace Global Fund Ii 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, Wallace Global Fund Ii generated $24.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $21.9m during the year ending 12/2021. While expenses have increased by 8.2% per year over the past 4 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 2019, Wallace Global Fund Ii has awarded 711 individual grants totaling $60,731,500. 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 |
|---|---|---|---|
Ellen Dorsey Exec.director/secretary | 40 | $402,975 | |
Allison Barlow Program Director | 40 | $219,859 | |
Heather Coleman Program Director | 40 | $183,384 | |
Susan Gibbs Program Director | 30 | $166,404 | |
Bettina Kroll-Guerch Adm. Director | 40 | $158,024 | |
Kindred Motes Program Director | 40 | $86,101 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Madeo | 12/30/20 | $71,500 |
Marcum Llp | 12/30/20 | $190,936 |
Matthew Gelfand | 12/30/20 | $53,832 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $734,825 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,227,030 |
| Capital Gain Net Income | $23,227,030 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,961,855 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $402,975 |
| Other employee salaries and wages | $1,212,055 |
| Pension plans, employee benefits | $437,573 |
| Interest | $0 |
| Taxes | $305,050 |
| Depreciation | $18,507 |
| Occupancy | $78,892 |
| Travel, conferences, and meetings | $68,578 |
| Printing and publications | $0 |
| Other expenses | $1,385,747 |
| Total operating and administrative expenses | $6,099,578 |
| Contributions, gifts, grants paid | $15,836,200 |
| Total expenses and disbursements | $21,935,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $10,209,303 |
| 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 | $63,465 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $68,685,200 |
| Net Land, buildings, and equipment | $119,351 |
| Other assets | $92,397 |
| Total assets | $136,169,792 |
| Accounts payable and accrued expenses | $1,359,551 |
| Grants payable | $2,103,360 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $802,886 |
| Total liabilities | $4,265,797 |
Grants Awarded
Over the last fiscal year, Wallace Global Fund Ii has awarded $22,504,000 in support to 221 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: FINAL PAYMENT TO THE WALLACE ACTION FUND DONOR-ADVISED FUND | $6,060,000 |
New York, NY PURPOSE: SUPPORT FOR WORK ON ENERGY ACCESS - SHINE CAMPAIGN - YEAR 2 | $300,000 |
Oakland, CA PURPOSE: SUPPORT FOR WORK TO ENGAGE UNDERREPRESENTED CONSTITUENCIES IN THE US | $300,000 |
Washington, DC PURPOSE: SUPPORT TO PROMOTE INDEPENDENT VOICES IN THE MEDIA- MEDIA DEMOCRACY FUND | $250,000 |
Washington, DC PURPOSE: SUPPORT TO PROTECT AND EXPAND DEMOCRATIC SYSTEMS- HEARTLAND FUND | $250,000 |
Washington, DC PURPOSE: SUPPORT TO PROTECT AND EXPAND DEMOCRATIC SYSTEMS - HEARTLAND FUND | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |