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Filing year 2024

THE WALLACE FAMILY FOUNDATION INC

Salisbury, North Carolina·EIN 20-8798457·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$389k
Total assets
$5.5M
Total expenses
$370k
Reported officers
2

Reported officers (all unpaid)

No paid executives reported in 2024. THE WALLACE FAMILY FOUNDATION INC reported 2 unpaid officers and board members on its 990-PF.

Treas/secret
President

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$364k

Itemized grants

20

Median grant

$2k

RecipientLocationPurposeAmount
SALISBURY ACADEMYSALISBURY, NCEDUCATION$300k
FAMILIES FIRST NC INCSALISBURY, NCSHELTER$13k
WATERWORKS VISUAL ARTS CENTERSALISBURY, NCARTS$10k
NCCF LINVILLE RIDGE SCHOLARSHIPRALWIGH, NCSCHOLARSHIP$8k
FIRST PRESBYTERIAN CHURCHSALISBURY, NCRELIGION$8k
LEE ST THEATRESALISBURY, NCTHEATRE$5k
PIEDMONT PLAYERS THEATRE INCSALISBURY, NCTHEATRE$5k
ROWAN COUNTY UNITED WAYSALISBURY, NCCOMMUNITY$5k
CPCC SCHOLARSHIPCHARLOTTE, NCEDUCATION$3k
PUBLIC JUSTICE FOUNDATIONWASHINGTON, DCCOMMUNITY$3k
NAZARETH CHILD AND FAMILY CONNECTIOSALISBURY, NCCOMMUNITY$2k
BRICK ED ACADEMYSALISBURY, NCEDUCATION$1k
COMMUNITY CARE CLINICSALISBURY, NCHEALTH$1k
SALISBURY ROWAN HEART BALLSALISBURY, NCCOMMUNITY$550
RCEC PTASALISBURY, NCEDUCATION$500
SOUTH CAROLINA ENVIRONMENTAL LAWGEORGETOWN, SCENVIRONMENT$500
AMERICAN RED CROSSCHARLOTTE, NCBLOOD DRIVE$250
SOUTH CAROLINA BEACH ADVOCATESFOLLY BEACH, SCENVIRONMENT$150
SALISBURY SYMPHONY ORCHESTRASALISBURY, NCTHEATRE$120
SHELTER GUARDIANSSALISBURY, NCANIMAL CARE$100
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

THE WALLACE FAMILY FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$797k
$656k
2023
$389k
$370k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in North Carolina

THE WALLACE FAMILY FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in North Carolina earns a median of $42,970.

25th percentile
$10k
Median
$42,970
75th percentile
$100k
90th percentile
$204k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 471 organizations across 471 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for North Carolina →
FAQ

Common questions about THE WALLACE FAMILY FOUNDATION INC

What are THE WALLACE FAMILY FOUNDATION INC's revenue and expenses?

In 2024, THE WALLACE FAMILY FOUNDATION INC reported $389k in total revenue and $370k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.