The William H And Margaret M Wallace Foundation
- Assets
- $5.1m
- Revenue
- $292.5k
- Investments
- $5.0m
- Employees
- 0
- Location
- Missoula, MT
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 81-0504215
Organization Overview
The William H And Margaret M Wallace Foundation is located in Missoula, MT. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. William H And Margaret M 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, William H And Margaret M Wallace Foundation generated $292.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $645.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William H And Margaret M Wallace Foundation has awarded 198 individual grants totaling $3,777,757. 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 |
|---|---|---|---|
Greg L Hanson President & Dir | 2.5 | $0 | |
Hj Hanson Secretary & Dir | 0.3 | $0 | |
Gary L Graham Director | 0.3 | $0 | |
Carol A Graham Director | 0.3 | $0 | |
Greg Malone Director | 0.3 | $0 | |
Jill Malone Director | 0.3 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33 |
| Dividends & Interest | $66,181 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $226,321 |
| Capital Gain Net Income | $226,321 |
| Net ST Capital Gain | $366 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $292,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,603 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $976 |
| Total operating and administrative expenses | $46,210 |
| Contributions, gifts, grants paid | $599,000 |
| Total expenses and disbursements | $645,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,919 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,051,636 |
| 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, The William H And Margaret M Wallace Foundation has awarded $599,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MCDONALD HOUSE PURPOSE: OPERATIONS | $25,000 |
ST PATRICK HOUSE PURPOSE: OPERATIONS | $25,000 |
MONTANA NATURAL HISTORY CENTER PURPOSE: YOUTH EDUCATION | $30,000 |
CHILDRENS ONCOLOGY CAMP FOUNDATION PURPOSE: YOUTH CANCER CAMP | $30,000 |
MISSOULA FOOD BANK PURPOSE: FOOD FOR NEEDY | $65,000 |
YWCA PURPOSE: YOUTH PROGRAMS | $45,000 |