CEDAR RAPIDS, IA
The Wallace Research Foundation
Quick Facts
- EIN
- 426540579
- Location
- CEDAR RAPIDS, IA
- Category
- Philanthropy & Grantmaking
- Total Assets
- $75.4M
- Annual Income
- $27.2M
- IRS Ruling Year
- 1996
- Organization Type
- Corporation
- Principal Officer
- % Rsm Mcgladrey Inc.
- Tax Deductibility
- Contributions are deductible
About This Foundation
The Wallace Research Foundation is a private corporation based in CEDAR RAPIDS, IA. The foundation received its IRS ruling in 1996. The principal officer is % Rsm Mcgladrey Inc.. It holds total assets of $75.4M. Annual income is reported at $27.2M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$5.1M
2023-11%
Total Assets
$69.9M
2023-0%
Fair Market Value
$96.8M
2023
Net Worth
$69.9M
2023
Grants Paid
$4.4M
2023
Contributions
$0
2023
Net Investment Income
$4.3M
2023
Distribution Amount
$4.5M
2023
Total Giving by Year
$4M
11$4.7M
12$3.4M
13$3.9M
14$4.5M
15$4.6M
19$4.8M
20$5.2M
21$5.7M
22$5.1M
23Asset Growth
$65.4M
11$64.5M
12$66.9M
13$67.3M
14$68.1M
15$69.8M
19$69.1M
20$70.3M
21$70.1M
22$69.9M
23Investment Portfolio (2023)
Total: $48.3M
Corporate Stock: $37.6M
Corporate Bonds: $8.3M
Government Obligations: $2.4M
Other Investments: $19.3M
Cash: $17K
Corporate Stock (56%)
Corporate Bonds (12%)
Government Obligations (4%)
Other Investments (29%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$4.4M
Accounting Fees$57K
Interest$35K
Legal Fees$345
Revenue Sources (2023)
- Capital Gains (Net)
- $2.9M
- Dividends
- $1.9M
Financial Details (2023)
- Total Revenue
- $4.8M
- Total Expenses
- $5.1M
- Exempt Purpose Expenses
- $4.5M
- Required Distribution
- $4.5M
- Undistributed Income
- $4.4M
- Total Liabilities
- $1
- Excise Tax
- $60K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
| 2018-12 | 990PF | View Filing |
| 2017-12 | 990PF | View Filing |
| 2016-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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