George R Wallace Foundation
- Assets
- $6.4m
- Revenue
- $2.5m
- Investments
- $6.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 02/1965
- Data as of
- 12/2022
- EIN
- 04-6130518
Organization Overview
George R Wallace Foundation is located in Boston, MA. The organization was established in 1965. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. George R 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, George R Wallace Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $673.6k during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 6 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, George R Wallace Foundation has awarded 131 individual grants totaling $2,956,233. 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 |
|---|---|---|---|
Regina M Pisa Trustee | 1 | $26,157 | |
Martin F Connors Jr Trustee | 5 | $20,000 | |
Andre Gelinas Trustee | 5 | $20,000 | |
Goodwin Procter Llp Legal Fee | 0.5 | $30,361 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $164,422 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,305,786 |
| Capital Gain Net Income | $2,306,892 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,470,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $66,157 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,590 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $908 |
| Total operating and administrative expenses | $122,581 |
| Contributions, gifts, grants paid | $551,000 |
| Total expenses and disbursements | $673,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $252,011 |
| 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 | $55,821 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,360,970 |
| 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, George R Wallace Foundation has awarded $551,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
APPLEWILD SCHOOL PURPOSE: SUPPORT FOR CURRENT PROGRAMS | $10,000 |
BERNARDIAN CHARITABLE FOUNDATION - ST BERNARD'S HIGH SCHOOL PURPOSE: SUPPORT CURRENT PROGRAMS | $25,000 |
THE ARC OF OPPORTUNITY PURPOSE: SUPPORT FOR CURRENT PROGRAMS | $25,000 |
CAPE COD SYMPHONY ORCHESTRA PURPOSE: SUPPORT | $7,500 |
COMMUNITY HEALTH CONNECTIONS PURPOSE: SUPPORT | $25,000 |
CLEAR PATH FOR VETERANS NEW ENGLAND PURPOSE: SUPPORT CURRENT PROGRAMS | $10,000 |