Wallace H Coulter Trust
- Assets
- $29.9m
- Revenue
- $10.2m
- Investments
- $22.0m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 11/1999
- Data as of
- 12/2022
- EIN
- 65-6310670
Organization Overview
Wallace H Coulter Trust is located in Miami, FL. The organization was established in 1999. 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. Wallace H Coulter Trust 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, Wallace H Coulter Trust generated $10.2m in total revenue. All expenses for the organization totaled $15.2m during the year ending 12/2022. While expenses have increased by 49.2% per year over the past 4 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 2020, Wallace H Coulter Trust has awarded 79 individual grants totaling $19,687,463. 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 |
|---|---|---|---|
Sue Van President, CEO | 40 | $0 | |
Wayne Barlin V. Pres., General Counsel | 40 | $0 | |
Susan Racher V. Pres., CFO | 40 | $0 | |
Susie Sands V. Pres., Asian Programs | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deloitte & Touche Llp | 12/30/22 | $92,402 |
Northern Trust Company | 12/30/22 | $86,554 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $131,753 |
| Dividends & Interest | $464,737 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,492,431 |
| Capital Gain Net Income | $9,492,431 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $99,899 |
| Total Revenue | $10,188,820 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $13,196 |
| Travel, conferences, and meetings | $100,000 |
| Printing and publications | $0 |
| Other expenses | $7,522 |
| Total operating and administrative expenses | $357,268 |
| Contributions, gifts, grants paid | $14,890,000 |
| Total expenses and disbursements | $15,247,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,382,571 |
| 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 | $11,028 |
| Net Investments - land, buildings, equipment | $385,348 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,814,744 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $117,571 |
| Total assets | $29,919,054 |
| Accounts payable and accrued expenses | $96,263 |
| 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 | $96,263 |
Grants Awarded
Over the last fiscal year, Wallace H Coulter Trust has awarded $14,890,000 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
AFN EDUCATION FUND PURPOSE: GENERAL SUPPORT | $150,000 |
APANO COMMUNITIES UNITED FUND PURPOSE: GENERAL SUPPORT | $200,000 |
ASIAN & PACIFIC ISLANDER AMERICAN VOTE PURPOSE: GENERAL SUPPORT | $1,200,000 |
ASIAN AMERICAN ORGANIZING PROJECT PURPOSE: GENERAL SUPPORT | $275,000 |
ASIAN AMERICAN POWER NETWORK EDUCATION FUNDCENTER FOR EMPOWERED POLITICS PURPOSE: GENERAL SUPPORT | $500,000 |
ASIAN AMERICANS ADVANCING JUSTICE-ATLANTA PURPOSE: GENERAL SUPPORT | $200,000 |