Nonprofit · EIN 42-1322071
WALLACE HOUSE FOUNDATION-A MUSEUM AND VICE PRESIDENTIAL LIBRARY
Tax-exempt · DES MOINES, IA 50314
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $679,587 | $579,242 | $100,345 | $2,246,406 | $72,398 | $2,174,008 |
| December 31, 2024 | 990 | $1,084,051 | $544,050 | $540,001 | $2,224,063 | $150,501 | $2,073,562 |
| December 31, 2023 | 990 | $741,598 | $574,624 | $166,974 | $1,542,881 | $88,851 | $1,454,030 |
| December 31, 2021 | 990 | $626,902 | $520,962 | $105,940 | $1,520,760 | $111,949 | $1,408,811 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $373,464
- of which government grants
- $10,105
- Program service revenue
- $86,502
- Investment income
- $212,541
- Net rental income
- $3,499
- Net income from sales of inventory
- $3,581
- Other revenue
- $7,080
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $337,376
- Salaries, compensation and benefits (total)
- $379,817
- Professional fundraising fees
- $0
- Occupancy
- $14,819
- Depreciation
- $37,657
- Program services (functional)
- $462,313
- Management and general (functional)
- $116,929
Balance sheet and other
- Total assets, start of year
- $2,224,063
- Total assets, end of year
- $2,246,406
- Total liabilities, end of year
- $72,398
- Net assets, end of year
- $2,174,008
- Land, buildings and equipment
- $660,782
- Net assets without donor restrictions
- $2,174,008
- Gross receipts
- $682,098
- Employees
- 29
- Volunteers
- 24
- Year formed
- 1988
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA MCLAY | Director Trustee or director | 0 | $0 |
| JIM HOYT | VICE CHAIR Trustee or director | 1 | $0 |
| DAVID MURRAY | Secretary Trustee or director | 1 | $0 |
| DOUG JESKE | Director Trustee or director | 1 | $0 |
| MARY KAPLER | Director Trustee or director | 1 | $0 |
| CHRISTINE AUGUSTINE | Treasurer Trustee or director | 1 | $0 |
| RACHEL BINNING | Chairman Trustee or director | 1 | $0 |
| AMARA HUFFINE | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM HOYT | VICE CHAIR Trustee or director | 1 | $0 |
| MARION JAMES | Director Trustee or director | 1 | $0 |
| DAVID MURRAY | Director Trustee or director | 1 | $0 |
| DOUG JESKE | Director Trustee or director | 1 | $0 |
| MARY KAPLER | Director Trustee or director | 1 | $0 |
| JANE HATFIELD ANCHUSTEGUI | Director Trustee or director | 1 | $0 |
| CHRISTINE AUGUSTINE | Treasurer Trustee or director | 1 | $0 |
| RACHEL BINNING | Chairman Trustee or director | 1 | $0 |
| BARB KALBACH | Director Trustee or director | 1 | $0 |
| AMARA HUFFINE | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE WILSON | Director Trustee or director | 1 | $0 |
| JIM HOYT | Director Trustee or director | 1 | $0 |
| MARION JAMES | Director Trustee or director | 1 | $0 |
| DAVID MURRAY | Director Trustee or director | 1 | $0 |
| AUBREY ALVAREZ | Secretary Trustee or director | 1 | $0 |
| JANE HATFIELD ANCHUSTEGUI | Director Trustee or director | 1 | $0 |
| JAY HOWE | Director Trustee or director | 1 | $0 |
| NICHOLAS DEVEREUX | Director Trustee or director | 1 | $0 |
| CHRISTINE AUGUSTINE | Treasurer Trustee or director | 1 | $0 |
| SARAH BUNCH | Director Trustee or director | 1 | $0 |
| RACHEL BINNING | Chairman Trustee or director | 1 | $0 |
| BARB KALBACH | Director Trustee or director | 1 | $0 |
| AMARA HUFFINE | Director Trustee or director | 1 | $0 |
| KARLA WALSH | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2021: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE WILSON | Director Trustee or director | 1 | $0 |
| BRIAN ZACHARY | Chairman Trustee or director, Officer | 1 | $0 |
| MARION JAMES | Director Trustee or director | 1 | $0 |
| CHRISTINE HALBROOK | Director Trustee or director, Officer | 1 | $0 |
| AUBREY ALVAREZ | Secretary Trustee or director | 0 | $0 |
| JANE HATFIELD ANCHUSTEGUI | Director Trustee or director | 1 | $0 |
| JAY HOWE | Director Trustee or director | 1 | $0 |
| NICHOLAS DEVEREUX | Director Trustee or director | 1 | $0 |
| CHRISTINE AUGUSTINE | Treasurer Trustee or director | 0 | $0 |
| SARAH BUNCH | Director Trustee or director | 0 | $0 |
| RACHEL BINNING | Director Trustee or director | 0 | $0 |
| JEFF WALLACE | Vice Chairman Trustee or director | 1 | $0 |
| BARB KALBACH | Director Trustee or director | 1 | $0 |
| AMARA HUFFINE | Director Trustee or director | 0 | $0 |
| GREG PADGET | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 756 16TH ST, DES MOINES, IA 50314-1601
- Signed the 990
- RACHEL BINNING, Chairman
- Phone
- (515) 243-7063
- Website
- www.wallace.org
- Return prepared by
- Calvert Langgaard & Co PLLC
Mission
EXEMPT PURPOSE IS TO PRESERVE THE WALLACE FAMILY LEGACY OF AGRICULTURAL INNOVATION AND PUBLIC SERVICE WITH PROGRAMS AND TWO HISTORIC LOCATIONS THAT CONNECT IOWA'S FOOD, LAND AND PEOPLE.
Program accomplishments
- EDUCATIONAL PROGRAMS INCLUDED COOKING CLASSES FOR YOUTH AND ADULTS THAT FOCUS ON FRESH FRUITS AND VEGETABLES. GARDEN WORKSHOPS SHARE THE LATEST TIPS AND INFORMATION ABOUT GARDENING IN IOWA. HISTORIC PROGRAMING INCLUDES HISTORY PERFORMANCES AND PRESENTATIONS THAT HIGHLIGHT HISTORIC ISSUES OF WALLACES' FARMER MAGAZINE. PRAIRIE EDUCATION INCLUDED ARTWORK, STROLLS IN THE PRAIRIE AND EDUCATION MATERIALS DISTRIBUTED.Expenses $431,087
- FARM TO TABLE DINING COMBINES PRODUCE GROWN AND HARVESTED ON-SITE WITH INGREDIENTS FROM OTHER IOWA FARMS AND SMALL BUSINESSES FOR MEALS THAT BRING THE FARM'S ABUNDANCE DIRECT TO THE TABLE.Expenses $27,963
- GARDEN PRODUCE WAS RAISED FOR USE IN THE PROGRAMS OFFERED BY WALLACE CENTERS OF IOWA. THERE WAS A DONATION GARDEN PLOT THAT WAS MAINTAINED AND PRODUCE FROM THAT PLOT WAS DONATED TO THE FOOD BANKS.Expenses $3,263
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1322071
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A54)
- Assets (IRS master file)
- $2,246,406
- Income (IRS master file)
- $682,098
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $679,587 | $579,242 | $2,246,406 | XML |
| 990 | December 2024 | $1,084,051 | $544,050 | $2,224,063 | XML |
| 990 | December 2023 | $741,598 | $574,624 | $1,542,881 | XML |
| 990 | December 2022 | $470,744 | $592,242 | $1,445,274 | IRS |
| 990 | December 2021 | $626,902 | $520,962 | $1,520,760 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1322071).
Questions about WALLACE HOUSE FOUNDATION-A MUSEUM AND VICE PRESIDENTIAL LIBRARY
- What is the EIN of WALLACE HOUSE FOUNDATION-A MUSEUM AND VICE PRESIDENTIAL LIBRARY?
- The employer identification number (EIN) of WALLACE HOUSE FOUNDATION-A MUSEUM AND VICE PRESIDENTIAL LIBRARY is 42-1322071.
- Is WALLACE HOUSE FOUNDATION-A MUSEUM AND VICE PRESIDENTIAL LIBRARY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to WALLACE HOUSE FOUNDATION-A MUSEUM AND VICE PRESIDENTIAL LIBRARY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WALLACE HOUSE FOUNDATION-A MUSEUM AND VICE PRESIDENTIAL LIBRARY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WALLACE HOUSE FOUNDATION-A MUSEUM AND VICE PRESIDENTIAL LIBRARY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WALLACE HOUSE FOUNDATION-A MUSEUM AND VICE PRESIDENTIAL LIBRARY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of WALLACE HOUSE FOUNDATION-A MUSEUM AND VICE PRESIDENTIAL LIBRARY?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does WALLACE HOUSE FOUNDATION-A MUSEUM AND VICE PRESIDENTIAL LIBRARY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $679,587, expenses of $579,242 and total assets of $2,246,406 at year end.
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All nonprofits in DES MOINES · Iowa · Arts, culture and humanities