Wade A And Ruby O Wallinger Foundation Inc
- Assets
- $1.2m
- Revenue
- $186.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Kingwood, TX
- Founding
- 01/2015
- Data as of
- 12/2023
- EIN
- 46-5015111
Organization Overview
Wade A And Ruby O Wallinger Foundation Inc is located in Kingwood, TX. The organization was established in 2015. 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. Wade A And Ruby O Wallinger 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 12/2023, Wade A And Ruby O Wallinger Foundation Inc generated $186.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $54.3k during the year ending 12/2023. While expenses have increased by 28.4% per year over the past 7 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, Wade A And Ruby O Wallinger Foundation Inc has awarded 64 individual grants totaling $166,115. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruby O Wallinger President/direc | 1 | $0 | |
Wade A Wallinger Sec./treas/dire | 2 | $0 | |
Ginger Klasnich Director | 0.1 | $0 | |
Guy Dayvault Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $3 |
| Dividends & Interest | $26,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$39,857 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22 |
| Total Revenue | $186,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,241 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,183 |
| Total operating and administrative expenses | $11,427 |
| Contributions, gifts, grants paid | $42,850 |
| Total expenses and disbursements | $54,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,004 |
| 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 | $2,034 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,214,948 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $388 |
| Total assets | $1,245,374 |
| 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 | $250 |
| Total liabilities | $250 |
Grants Awarded
Over the last fiscal year, Wade A And Ruby O Wallinger Foundation Inc has awarded $42,850 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF GREATER HOUSTON PURPOSE: CHARITABLE | $5,000 |
SPECIAL OLYMPICS TEXAS PURPOSE: CHARITABLE | $500 |
NEW HORIZONS OF NW FL PURPOSE: CHARITABLE | $3,000 |
HOLY COMFORTER SCHOOL PURPOSE: CHARITABLE | $5,000 |
VILLAGE LEARNING CENTER PURPOSE: CHARITABLE | $5,000 |
BIBLE PROJECT PURPOSE: CHARITABLE | $125 |