Nonprofit · EIN 26-3938517
WALLACE FOUNDATION
Tax-exempt · ARLINGTON, VA 22207
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $75,146 | $42,231 | $32,915 | $616,997 | $35,017 | $581,980 |
| December 31, 2024 | 990-PF | $73,394 | $42,284 | $31,110 | $584,082 | $35,017 | $549,065 |
| December 31, 2023 | 990-PF | $22,934 | $34,530 | -$11,596 | $552,972 | $35,017 | $517,955 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $27,035
- Interest
- $63
- Net gain from sales of assets
- $48,048
Expenses
- Grants and similar amounts paid
- $33,951
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $36,201
- Excise tax on investment income
- $972
Balance sheet and other
- Total assets, start of year
- $584,082
- Total assets, end of year
- $616,997
- Total liabilities, end of year
- $35,017
- Net assets, end of year
- $581,980
- Fair market value of assets
- $786,372
- Qualifying distributions
- $36,201
- Net investment income
- $75,146
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARC R WALLACE 5723 27TH STREET N, ARLINGTON, VA 22207 | DIRECTOR | 0.5 | $0 |
| SUSAN C WALLACE 5723 27TH STREET N, ARLINGTON, VA 22207 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARC R WALLACE 5723 27TH STREET N, ARLINGTON, VA 22207 | DIRECTOR | 0.5 | $0 |
| SUSAN C WALLACE 5723 27TH STREET N, ARLINGTON, VA 22207 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARC R WALLACE 5723 27TH STREET N, ARLINGTON, VA 22207 | DIRECTOR | 0.5 | $0 |
| SUSAN C WALLACE 5723 27TH STREET N, ARLINGTON, VA 22207 | DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 5723 27TH ST N, ARLINGTON, VA 22207-1449
- In care of
- % MARC R WALLACE
- Signed the 990-PF
- MARC WALLACE, DIRECTOR
- Phone
- (202) 352-0256
- Return prepared by
- ANDERSEN TAX LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 26-3938517
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $616,997
- Income (IRS master file)
- $97,894
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $75,146 | $42,231 | $616,997 | IRS |
| 990-PF | December 2024 | $73,394 | $42,284 | $584,082 | IRS |
| 990-PF | December 2023 | $22,934 | $34,530 | $552,972 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | 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 26-3938517).
Questions about WALLACE FOUNDATION
- What is the EIN of WALLACE FOUNDATION?
- The employer identification number (EIN) of WALLACE FOUNDATION is 26-3938517.
- Is WALLACE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- 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 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 FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of WALLACE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does WALLACE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $75,146, expenses of $42,231 and total assets of $616,997 at year end.
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