Ann & Bill Wallace Foundation Inc
- Assets
- $1.3m
- Revenue
- $75.1k
- Investments
- $1.3m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 33-1062280
Organization Overview
Ann & Bill Wallace Foundation Inc is located in Orlando, FL. The organization was established in 2004. 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. Ann & Bill Wallace 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.
For the year ending 12/2022, Ann & Bill Wallace Foundation Inc generated $75.1k 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 (30.6%) each year. All expenses for the organization totaled $366.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ann & Bill Wallace Foundation Inc has awarded 45 individual grants totaling $1,067,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Wallace Director | 1 | $0 | |
Ann Wallace Director | 1 | $0 | |
Christena Black Director | 1 | $0 | |
Judith Wallace Director | 1 | $0 | |
W N Wallace II Director | 1 | $0 | |
Jennifer Wallace Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $76,743 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,688 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,897 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,653 |
| Contributions, gifts, grants paid | $344,500 |
| Total expenses and disbursements | $366,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,081 |
| 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 | $1,335,829 |
| 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, Ann & Bill Wallace Foundation Inc has awarded $344,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
OPERA ORLANDO PURPOSE: TO FURTHER THE ARTS | $5,000 |
MUSCULAR DYSTROPHY ASSOCIATION PURPOSE: MEDICAL RESEARCH | $20,000 |
ONE HEART FOR WOMEN AND CHILDREN PURPOSE: PROVIDE CARE FOR WOMEN AND CHILDREN | $30,000 |
TIMUCUA ARTS FOUNDATION PURPOSE: TO FURTHER THE ARTS | $5,000 |
SECOND HEART HOMES INC PURPOSE: PROVIDE CARE FOR THE HOMELESS | $20,000 |
THE RUSSELL HOME PURPOSE: PROVIDE CARE FOR SPECIAL NEEDS INDIVIDUALS | $17,500 |