The William H And Margaret M Wallace Foundation
- Assets
- $5.4m
- Revenue
- $798.9k
- Investments
- $5.4m
- Employees
- 0
- Location
- Missoula, MT
- Founding
- 04/1996
- Data as of
- 12/2021
- 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 12/2021, William H And Margaret M Wallace Foundation generated $798.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $625.4k during the year ending 12/2021. While expenses have increased by 4.0% 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, William H And Margaret M Wallace Foundation has awarded 140 individual grants totaling $2,668,303. 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 |
|---|---|---|---|
Jill Malone Director | 0.3 | $2,000 | |
Gary L Graham Director | 0.3 | $0 | |
Greg Malone Director | 0.3 | $0 | |
Carol A Graham Director | 0.3 | $0 | |
Hj Hanson Secretary & Dir | 0.3 | $0 | |
Greg L Hanson President & Dir | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $95,266 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $703,597 |
| Capital Gain Net Income | $703,597 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $798,875 |
| 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 | $3,613 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $71 |
| Total operating and administrative expenses | $29,057 |
| Contributions, gifts, grants paid | $596,349 |
| Total expenses and disbursements | $625,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,709 |
| 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 | $5,404,283 |
| 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 $596,349 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
Missoula, MT PURPOSE: FOOD FOR NEEDY | $60,000 |
YWCA PURPOSE: YOUTH PROGRAMS | $45,000 |
Missoula, MT PURPOSE: YOUTH CANCER CAMP | $30,000 |
Missoula, MT PURPOSE: YOUTH PROGRAMS | $30,000 |
Missoula, MT PURPOSE: YOUTH EDUCATION | $30,000 |
Florence, MT PURPOSE: YOUTH EDUCATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeast Montana Stat Air Ambulance Cooperative Glasgow, MT | $11,049,556 | $4,122,673 |
John P Ellbogen Foundation Laramie, WY | $46,423,424 | $5,451,826 |
Montana Migrant & Seasonal Farmworker Council Inc Ceta Projec Billings, MT | $811,780 | $4,741,325 |
Fund For Public Education Jackson, WY | $889,553 | $1,106,670 |
R B Nordick Foundation West Fargo, ND | $40,940,413 | $1,077,615 |
Feathered Pipe Foundation Inc Helena, MT | $462,128 | $946,496 |
The William H And Margaret M Wallace Foundation Missoula, MT | $5,404,283 | $798,875 |
Brady Foundation Inc Billings, MT | $6,582,941 | $649,548 |
Olde Towne Theatre Co Inc Worthing, SD | $173,106 | $416,683 |
Boe Brothers Foundation Great Falls, MT | $4,527,775 | $845,771 |
Energy And Environmental Research Center Foundation Grand Forks, ND | $4,366,303 | $188,148 |
Abbas House Riverton, WY | $428,298 | $279,175 |