Wallace Kent Foundation Inc
- Assets
- $219.8k
- Revenue
- -$10.6k
- Investments
- $197.4k
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 07/2007
- Data as of
- 12/2022
- EIN
- 20-1945069
Organization Overview
Wallace Kent Foundation Inc is located in Tacoma, WA. The organization was established in 2007. 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 Kent Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION
MEDICAL RESEARCH
SOCIAL SERVICES
ARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith W Kent President | 0.5 | $0 | |
John Kent VP | 2 | $0 | |
Shannon Russell Secretary | 0.25 | $0 | |
Elizabeth Matthews Board Member | 0.1 | $0 | |
Adam Wallace Board Member | 0.1 | $0 | |
Robert Collins Board Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29 |
| Dividends & Interest | $6,513 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,163 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$10,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $512 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $818 |
| Contributions, gifts, grants paid | $15,127 |
| Total expenses and disbursements | $15,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,457 |
| Savings and temporary cash investments | $0 |
| 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 | $197,361 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $219,818 |
| 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, Wallace Kent Foundation Inc has awarded $15,127 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHT FUTURES PURPOSE: EDUCATION | $2,000 |
ORANGEWOOD FOUNDATION PURPOSE: EDUCATION | $2,000 |
SUSAN G KOMEN PURPOSE: MEDICAL RESEARCH | $2,000 |
TACOMA ARTS LIVE PURPOSE: ARTS | $1,325 |
THREE SQUARE PURPOSE: SOCIAL WELFARE | $2,000 |
VMI FOUNDATION PURPOSE: EDUCATION | $2,000 |