Dwane L And Velma Lunt Wallace
- Assets
- $56.3m
- Revenue
- $3.1m
- Investments
- $54.6m
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 10/1989
- Data as of
- 12/2022
- EIN
- 48-1071478
Organization Overview
Dwane L And Velma Lunt Wallace is located in Wichita, KS. The organization was established in 1989. 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. Dwane L And Velma Lunt Wallace 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, Dwane L And Velma Lunt Wallace generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $4.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dwane L And Velma Lunt Wallace has awarded 270 individual grants totaling $22,216,448. 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 |
|---|---|---|---|
Linda Wallace Jones Trustee | 2 | $20,000 | |
James A Johnson Trustee | 2 | $20,000 | |
Sarah W Bracco Trustee | 2 | $20,000 | |
Robert M Hughes Trustee | 5 | $35,000 | |
Douglas J Brehm Trustee | 5 | $35,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Midwest Trust Company | 12/30/17 | $179,786 |
Truenorth Incfidelity Brokerage Svcs Llc | 12/30/17 | $26,718 |
Midwest Trust Company | 12/30/17 | $179,786 |
Truenorth Incfidelity Brokerage Svcs Llc | 12/30/17 | $26,718 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $205,156 |
| Dividends & Interest | $1,202,492 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,663,826 |
| Capital Gain Net Income | $1,663,826 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,071,474 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $130,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $96,729 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,051 |
| Total operating and administrative expenses | $517,317 |
| Contributions, gifts, grants paid | $3,938,477 |
| Total expenses and disbursements | $4,455,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,529 |
| Savings and temporary cash investments | $1,635,141 |
| 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 | $56,293,169 |
| 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, Dwane L And Velma Lunt Wallace has awarded $3,938,477 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: WICHITA LODGING PROGRAM | $12,500 |
AMERICAN RED CROSS PURPOSE: BLOOD DRIVES | $45,000 |
CAIRN HEALTH INC PURPOSE: GAP COVERAGE ASSISTANCE FOR UNDER-INSURED FAMILIES | $25,000 |
CAMP WOOD YMCA PURPOSE: FEET UP CAMPAIGN | $50,000 |
INTEGRATED BEHAVIORAL TECHNOLOGIES INC PURPOSE: PHASE 1 KITCHEN RENOVATIONS IN K.I.D.S. PLACE | $25,000 |
HUNTER HEALTH CLINIC PURPOSE: COMMUNITY WELLNESS CENTER | $100,000 |