Nonprofit · EIN 81-4236372
WALLACE GENETIC FOUNDATION II INC
Tax-exempt · WASHINGTON, DC 20016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $10,272,724 | $6,591,518 | $3,681,206 | $112,420,062 | $0 | $112,420,062 |
| December 31, 2024 | 990-PF | $3,924,302 | $6,031,569 | -$2,107,267 | $99,458,180 | $0 | $99,458,180 |
| December 31, 2023 | 990-PF | $542,323 | $5,080,976 | -$4,538,653 | $86,169,475 | $0 | $86,169,475 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $644,809
- Net gain from sales of assets
- $9,627,915
Expenses
- Grants and similar amounts paid
- $5,885,000
- Compensation of officers, directors and key employees
- $160,000
- Disbursements for charitable purposes
- $5,885,000
- Excise tax on investment income
- $137,570
Balance sheet and other
- Total assets, start of year
- $99,458,180
- Total assets, end of year
- $112,420,062
- Total liabilities, end of year
- $0
- Net assets, end of year
- $112,420,062
- Fair market value of assets
- $112,420,062
- Qualifying distributions
- $5,885,000
- Net investment income
- $10,272,724
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 | Other / benefits |
|---|---|---|---|---|
| MICHAELA OLDFIELD 4910 MASSACHUSETTS AVE NW STE 221, WASHINGTON, DC 20016 | EXECUTIVE DIRECTOR | 24 | $160,000 | $4,800 |
| DAVID W DOUGLAS 4910 MASSACHUSETTS AVE NW STE 221, WASHINGTON, DC 20016 | PRESIDENT & TREASURER | 7 | $0 | $0 |
| DEBORAH SMITH DOUGLAS 4910 MASSACHUSETTS AVE NW STE 221, WASHINGTON, DC 20016 | VICE PRESIDENT & SECRETARY | 3 | $0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAELA OLDFIELD 4910 MASSACHUSETTS AVE NW STE 221, WASHINGTON, DC 20016 | EXECUTIVE DIRECTOR | 24 | $145,000 | $4,350 |
| DAVID W DOUGLAS 4910 MASSACHUSETTS AVE NW STE 221, WASHINGTON, DC 20016 | PRESIDENT & TREASURER | 7 | $0 | $0 |
| DEBORAH SMITH DOUGLAS 4910 MASSACHUSETTS AVE NW STE 221, WASHINGTON, DC 20016 | VICE PRESIDENT & SECRETARY | 3 | $0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAELA OLDFIELD 4910 MASSACHUSETTS AVENUE NW, WASHINGTON, DC 20016 | EXECUTIVE DIRECTOR | 24 | $130,000 | $3,900 |
| DAVID DOUGLAS 4910 MASSACHUSETTS AVE NW, WASHINGTON, DC 20016 | PRESIDENT & TREASURER | 7 | $0 | $0 |
| DEBORAH SMITH DOUGLAS 4910 MASSACHUSETTS AVE NW, WASHINGTON, DC 20016 | VICE PRESIDENT & SECRETARY | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4910 MASSACHUSETTS AVE NW STE 221, WASHINGTON, DC 20016-4368
- In care of
- % THE ORGANIZATION
- Signed the 990-PF
- DAVID DOUGLAS, PRESIDENT & TREASURER
- Phone
- (202) 966-2932
- Website
- WWW.WALLACEGENETIC.ORG
- Return prepared by
- LANE & COMPANY CPAS
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
- 81-4236372
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $112,420,062
- Income (IRS master file)
- $13,733,304
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $10,272,724 | $6,591,518 | $112,420,062 | XML |
| 990-PF | December 2024 | $3,924,302 | $6,031,569 | $99,458,180 | XML |
| 990-PF | December 2023 | $542,323 | $5,080,976 | $86,169,475 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 81-4236372).
Questions about WALLACE GENETIC FOUNDATION II INC
- What is the EIN of WALLACE GENETIC FOUNDATION II INC?
- The employer identification number (EIN) of WALLACE GENETIC FOUNDATION II INC is 81-4236372.
- Is WALLACE GENETIC FOUNDATION II INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to WALLACE GENETIC FOUNDATION II INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WALLACE GENETIC FOUNDATION II INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WALLACE GENETIC FOUNDATION II INC 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 GENETIC FOUNDATION II INC 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 GENETIC FOUNDATION II INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $160,000 (MICHAELA OLDFIELD, EXECUTIVE DIRECTOR).
- How much revenue does WALLACE GENETIC FOUNDATION II INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $10,272,724, expenses of $6,591,518 and total assets of $112,420,062 at year end.
Other nonprofits in WASHINGTON
- PAYPAL CHARITABLE GIVING FUND EIN 45-0931286 · last filed 990 for 2024
- PEW CHARITABLE TRUSTS EIN 56-2307147 · last filed 990 for 2025
- ASSETS UNDER MOVEMENT EIN 82-1517696 · last filed 990 for 2024
- WYSS FOUNDATION EIN 25-1823874 · last filed 990-PF for 2024
- HOPEWELL FUND EIN 47-3681860 · last filed 990 for 2024
- GREATER WASHINGTON COMMUNITY FOUNDATION EIN 23-7343119 · last filed 990 for 2025
- MORRIS AND GWENDOLYN CAFRITZ FOUNDATION EIN 52-6036989 · last filed 990-PF for 2025
- WYSS MEDICAL FOUNDATION INC EIN 26-3962795 · last filed 990-PF for 2025
All nonprofits in WASHINGTON · District of Columbia · Philanthropy, voluntarism and grantmaking foundations