Wallace Legacy Foundation Inc

Organization Overview

Wallace Legacy Foundation Inc is located in Murfreesboro, TN. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wallace Legacy 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 12/2022, Wallace Legacy Foundation Inc generated $327.0k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $322.2k during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 2 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

WALLACE LEGACY FOUNDATION PROVIDES CHARITABLE SUPPORT FOR MISSION TRIPS IN SOUTH ASIA AND AFRICA. THE FOUNDATION ALSO PROVIDES TRAINING, COACHING, AND VOLUNTEER SUPPORT FOR THE SUPPORTED ORGANIZATIONS IN THESE AREAS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PRODUCTION OF NATIVE LANGUAGE BIBLES AND LITERATURE AS WELL AS SHIPPING TO FOREIGN COUNTRIES. MISSION SUPPORT FOR THE WILSONS TRAVELING TO INDIA. CAMBODIA MISSION WORK AND BUILDING SUPPORT. ROCK OF AGES SUPPORT TO NIGERIA AND UGANDA.


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Board, Officers & Key Employees

Name (title)Compensation
Kurt Copeland
Secretary
$0
David Alcorn
Treasurer
$0
Michael Van Horn
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$326,994
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$326,994
Total Program Service Revenue$0
Investment income $44
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $327,038

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