Wallin Foundation
- Assets
- $7.7m
- Revenue
- $3.7m
- Investments
- $6.5m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 01/1987
- Data as of
- 12/2021
- EIN
- 41-6283068
Organization Overview
Wallin Foundation is located in Minneapolis, MN. The organization was established in 1987. 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. Wallin 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, Wallin Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 11.3% 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 2017, Wallin Foundation has awarded 246 individual grants totaling $7,915,541. 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 |
|---|---|---|---|
Lance H Wallin Director | 0 | $0 | |
Maxine H Wallin Director And President | 0 | $0 | |
Bradford W Wallin Director And Investment Ma | 0 | $0 | |
Brooks H Wallin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,274 |
| Dividends & Interest | $206,284 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,474,061 |
| Capital Gain Net Income | $3,474,061 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,245 |
| Total Revenue | $3,695,864 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $113,164 |
| Total operating and administrative expenses | $135,464 |
| Contributions, gifts, grants paid | $2,149,161 |
| Total expenses and disbursements | $2,284,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,194,648 |
| 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 | $4,333,297 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,684,378 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $7,684,378 |
| 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 | $7,684,378 |
Grants Awarded
Over the last fiscal year, Wallin Foundation has awarded $2,149,161 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: TO FURTHER CHARITABLE PURPOSES | $920,661 |
St Paul, MN PURPOSE: TO FURTHER CHARITABLE PURPOSES | $750,000 |
Minneapolis, MN PURPOSE: TO FURTHER CHARITABLE PURPOSES | $300,000 |
PROOF ALLIANCE PURPOSE: TO FURTHER CHARITABLE PURPOSES | $35,000 |
ACHIEVE MINNEAPOLIS PURPOSE: TO FURTHER CHARITABLE PURPOSES | $25,000 |
SEA EDUCATION ASSOCIATION PURPOSE: TO FURTHER CHARITABLE PURPOSES | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wallin Foundation has recieved totaling $9,500.
| Awarding Organization | Amount |
|---|---|
Junior League Of Mpls Minneapolis, MN PURPOSE: TO HELP DESERVING STUDENTS ATTEND UNIVERSITY THROUGH THE WALLIN SCHOLARSHIP PROGRAM, WHICH IS PROVIDED BY JLM, INDIVIDUAL DONORS, AND CORPORATE DONORS. ITS MISSION IS TO RECOGNIZE A FEMALE HIGH SCHOOL SENIOR SELECTED ON THE BASIS OF ACADEMIC RIGOR, COMMITTMENT TO THE COMMUNITY, AND A FIRST GENERATION TO ATTEND UNIVERSITY. | $9,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
American Family Insurance Dreams Foundation Inc Madison, WI | $10,733,127 | $6,580,229 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $301,880,639 | $24,555,392 |
Argosy Foundation Milwaukee, WI | $36,932,110 | $41,277,914 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |
Herbert H Kohl Charities Inc Milwaukee, WI | $19,332,679 | $4,430,173 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |