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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.