Nonprofit · EIN 62-6048465
WALLACE FOUNDATION
Tax-exempt · MORRISTOWN, TN 37815
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $262,925 | $215,146 | $47,779 | $5,311,462 | $0 | $5,311,462 |
| June 30, 2024 | 990-PF | $559,045 | $216,648 | $342,397 | $4,944,277 | $0 | $4,944,277 |
| June 30, 2023 | 990-PF | $2,965,426 | $140,298 | $2,825,128 | $4,271,907 | $0 | $4,271,907 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Dividends
- $217,147
- Interest
- $2,941
- Net gain from sales of assets
- $34,365
- Other income
- $8,472
Expenses
- Grants and similar amounts paid
- $165,375
- Disbursements for charitable purposes
- $214,017
- Excise tax on investment income
- $3,521
Balance sheet and other
- Total assets, start of year
- $4,944,277
- Total assets, end of year
- $5,311,462
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,311,462
- Fair market value of assets
- $133,213
- Qualifying distributions
- $214,017
- Net investment income
- $254,453
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-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOYLE M WALLACE P O BOX 6004, MORRISTOWN, TN 378156004 | PRESIDENT | 2 | $0 |
| ROBIN W DAWSON P O BOX 6004, MORRISTOWN, TN 378156004 | TREASURER | 2 | $0 |
| LISA W TRUSLER P O BOX 6004, MORRISTOWN, TN 378156004 | SECRETARY | 2 | $0 |
990-PF for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOYLE M WALLACE P O BOX 6004, MORRISTOWN, TN 378156004 | PRESIDENT | 2 | $0 |
| ROBIN W DAWSON P O BOX 6004, MORRISTOWN, TN 378156004 | TREASURER | 2 | $0 |
| LISA W TRUSLER P O BOX 6004, MORRISTOWN, TN 378156004 | SECRETARY | 2 | $0 |
990-PF for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOYLE M WALLACE P O BOX 6004, MORRISTOWN, TN 378156004 | PRESIDENT | 2 | $0 |
| ROBIN W DAWSON P O BOX 6004, MORRISTOWN, TN 378156004 | TREASURER | 2 | $0 |
| LISA W TRUSLER P O BOX 6004, MORRISTOWN, TN 378156004 | SECRETARY | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6004, MORRISTOWN, TN 37815-6004
- Signed the 990-PF
- DOYLE M WALLACE, PRESIDENT
- Phone
- (423) 586-5650
- Return prepared by
- CRAINE THOMPSON & JONES PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 62-6048465
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1964
- Accounting year ends
- June
- Files
- Form 990-PF
- Assets (IRS master file)
- $5,311,462
- Income (IRS master file)
- $1,356,899
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $262,925 | $215,146 | $5,311,462 | XML |
| 990-PF | June 2024 | $559,045 | $216,648 | $4,944,277 | IRS |
| 990-PF | June 2023 | $2,965,426 | $140,298 | $4,271,907 | XML |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | 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 62-6048465).
Questions about WALLACE FOUNDATION
- What is the EIN of WALLACE FOUNDATION?
- The employer identification number (EIN) of WALLACE FOUNDATION is 62-6048465.
- Is WALLACE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
- Are donations to WALLACE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WALLACE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WALLACE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WALLACE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of WALLACE FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does WALLACE FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $262,925, expenses of $215,146 and total assets of $5,311,462 at year end.
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