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Nonprofit · EIN 48-1071478

DWANE L AND VELMA LUNT WALLACE

Tax-exempt · WICHITA, KS 67201

Financials

$3.5M$3.8M2023$4M$4.3M2024
Revenue Expenses · by fiscal year end
Financials of DWANE L AND VELMA LUNT WALLACE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$4,014,925$4,267,431-$252,506$55,690,423$0$55,690,423
December 31, 2023990-PF$3,488,317$3,807,017-$318,700$55,938,181$0$55,938,181
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$1,270,841
Interest
$449,965
Net gain from sales of assets
$2,294,119

Expenses

Grants and similar amounts paid
$3,828,485
Compensation of officers, directors and key employees
$106,250
Disbursements for charitable purposes
$3,947,292
Excise tax on investment income
$51,142

Balance sheet and other

Total assets, start of year
$55,938,181
Total assets, end of year
$55,690,423
Total liabilities, end of year
$0
Net assets, end of year
$55,690,423
Fair market value of assets
$81,060,186
Qualifying distributions
$3,947,292
Net investment income
$3,999,387

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
DOUGLAS J BREHM
PO BOX 818, WICHITA, KS 67201
TRUSTEE5$40,000
LINDA WALLACE JONES
PO BOX 818, WICHITA, KS 67201
TRUSTEE2$20,000
JAMES A JOHNSON
PO BOX 818, WICHITA, KS 67201
TRUSTEE2$20,000
SARAH W BRACCO
PO BOX 818, WICHITA, KS 67201
TRUSTEE2$20,000
DARCEE DATTERI
PO BOX 818, WICHITA, KS 67201
TRUSTEE5$6,250
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
ROBERT M HUGHES
301 N MAIN ST SUITE 600, WICHITA, KS 672024806
TRUSTEE5$35,000
DOUGLAS J BREHM
PO BOX 1, WICHITA, KS 67201
TRUSTEE5$35,000
LINDA WALLACE JONES
PO BOX 818, WICHITA, KS 67201
TRUSTEE2$20,000
JAMES A JOHNSON
PO BOX 818, WICHITA, KS 67201
TRUSTEE2$20,000
SARAH W BRACCO
PO BOX 818, WICHITA, KS 67201
TRUSTEE2$20,000

Address and contacts

Address (IRS master file)
PO BOX 818, WICHITA, KS 67201-0818
Signed the 990-PF
DOUGLAS J BREHM, CO-TRUSTEE
Phone
(316) 263-8294
Return prepared by
BEVER DYE LC

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
48-1071478
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
1989
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$55,690,423
Income (IRS master file)
$14,697,256

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$4,014,925$4,267,431$55,690,423XML
990-PFDecember 2023$3,488,317$3,807,017$55,938,181XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––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 48-1071478).

Questions about DWANE L AND VELMA LUNT WALLACE

What is the EIN of DWANE L AND VELMA LUNT WALLACE?
The employer identification number (EIN) of DWANE L AND VELMA LUNT WALLACE is 48-1071478.
Is DWANE L AND VELMA LUNT WALLACE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
Are donations to DWANE L AND VELMA LUNT WALLACE tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does DWANE L AND VELMA LUNT WALLACE file?
Form 990-PF. Private foundations file every year.
When is the next return of DWANE L AND VELMA LUNT WALLACE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DWANE L AND VELMA LUNT WALLACE last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of DWANE L AND VELMA LUNT WALLACE?
The 990-PF for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $40,000 (DOUGLAS J BREHM, TRUSTEE).
How much revenue does DWANE L AND VELMA LUNT WALLACE have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,014,925, expenses of $4,267,431 and total assets of $55,690,423 at year end.

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