Dwane L And Velma Lunt Wallace
- Assets
- $57.8m
- Revenue
- $6.6m
- Investments
- $55.2m
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 10/1989
- Data as of
- 12/2021
- 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 12/2021, Dwane L And Velma Lunt Wallace generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 25.7% 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 2015, Dwane L And Velma Lunt Wallace has awarded 192 individual grants totaling $15,426,649. 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 |
|---|---|---|---|
Douglas J Brehm Trustee | 5 | $30,000 | |
Robert M Hughes Trustee | 5 | $30,000 | |
Karen W Johnson Trustee | 2 | $20,000 | |
Linda Wallace Jones Trustee | 2 | $20,000 | |
Sarah W Bracco Trustee | 2 | $20,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Truenorth Incfidelity Brokerage Svcs Llc | 12/30/17 | $26,718 |
Midwest Trust Company | 12/30/17 | $179,786 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $217,981 |
| Dividends & Interest | $1,155,782 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,203,172 |
| Capital Gain Net Income | $5,203,172 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,576,935 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44,963 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,714 |
| Total operating and administrative expenses | $464,950 |
| Contributions, gifts, grants paid | $3,299,231 |
| Total expenses and disbursements | $3,764,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,729 |
| Savings and temporary cash investments | $2,278,300 |
| 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 | $57,808,062 |
| 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 $3,299,231 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
Wichita, KS PURPOSE: PER GRANT AGREEMENT | $614,286 |
Wichita, KS PURPOSE: PER GRANT AGREEMENT | $390,000 |
Wichita, KS PURPOSE: ADVANCED LEARNING CENTER LIBRARY PROJECT | $300,000 |
Wichita, KS PURPOSE: CULTURAL CENTER CAMPAIGN | $200,000 |
Wichita, KS PURPOSE: PER GRANT AGREEMENT | $125,000 |
KANSAS HEALTH SCIENCE CENTER PURPOSE: DEVELOPMENT OF THE VIRTUAL AUTONOMY LABORATORY AND ADVANCED TECHNICAL PROGRAM | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Maccarthy Foundation St Louis, MO | $108,435,057 | $6,194,626 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
Mary K Chapman Foundation Tulsa, OK | $0 | $10,262,149 |
David C Butterfield And Alfonso D Rubio Memorial Foundation Aspen, CO | $229,390,732 | $219,209,286 |
Edward D Jones & Company Foundation St Louis, MO | $57,937,606 | $44,940,612 |
E L And Thelma Gaylord Foundation Oklahoma City, OK | $0 | $13,309,432 |