Wallace H Coulter Foundation
- Assets
- $61.1m
- Revenue
- $1.8m
- Investments
- $51.2m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 31-1546126
Organization Overview
Wallace H Coulter Foundation is located in Miami, FL. The organization was established in 1997. 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. Wallace H Coulter 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, Wallace H Coulter Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.9%) each year. All expenses for the organization totaled $6.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (21.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wallace H Coulter Foundation has awarded 234 individual grants totaling $53,841,298. 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 |
|---|---|---|---|
Sue Van President, CEO | 40 | $411,000 | |
Wayne Barlin V. Pres., General Counsel | 40 | $342,409 | |
Susan Racher V. Pres., CFO | 40 | $345,281 | |
Susie Sands V. Pres., Asian Programs | 40 | $274,085 | |
Gregory Thornton Controller | 40 | $293,051 | |
Dennis Van Program Director | 40 | $262,360 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crossroads Consulting Inc | 12/30/22 | $300,000 |
Deloitte & Touche Llp | 12/30/22 | $186,194 |
Targetsmart Communications Llc | 12/30/22 | $240,000 |
Tak Kei Wong | 12/30/22 | $100,000 |
Northern Trust Company | 12/30/22 | $96,195 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $80,337 |
| Dividends & Interest | $679,823 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $925,398 |
| Capital Gain Net Income | $1,272,530 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $106,460 |
| Total Revenue | $1,792,018 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,372,775 |
| Other employee salaries and wages | $855,061 |
| Pension plans, employee benefits | $727,358 |
| Interest | $0 |
| Taxes | $8,994 |
| Depreciation | $0 |
| Occupancy | $187,982 |
| Travel, conferences, and meetings | $114,454 |
| Printing and publications | $109,750 |
| Other expenses | $307,768 |
| Total operating and administrative expenses | $4,990,505 |
| Contributions, gifts, grants paid | $1,699,114 |
| Total expenses and disbursements | $6,689,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,931,584 |
| 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 | $121,946 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,661,219 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,845,447 |
| Total assets | $61,092,560 |
| Accounts payable and accrued expenses | $672,591 |
| Grants payable | $1,191,042 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,708,063 |
| Total liabilities | $4,571,696 |
Grants Awarded
Over the last fiscal year, Wallace H Coulter Foundation has awarded $6,108,001 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL SUPPORT | $18,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL SUPPORT | $50,000 |
ASIAN & PACIFIC ISLANDER AMERICAN HEALTH FORUM PURPOSE: GENERAL SUPPORT | $250,000 |
ASIAN AMERICAN FEDERATION INC PURPOSE: GENERAL SUPPORT | $40,000 |
ASIAN AMERICAN LEGAL DEFENSE AND EDUCATION FUND PURPOSE: GENERAL SUPPORT | $250,000 |
ASIAN AMERICANS ADVANCING JUSTICE SOUTHERN CA PURPOSE: GENERAL SUPPORT | $200,000 |