WALLACE GENETIC FOUNDATION INC: Form 990PF, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- WALLACE GENETIC FOUNDATION INC (EIN 13-6162575)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-06-29
- IRS object ID
- 201711809349100701
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- General Explanation Attachment
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-06-29T08:30:36-05:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8401 GREENSBORO DRIVE 800 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 136162575 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WALLACE GENETIC FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % JOAN MURRAY | InCareOfNm |
| Business Name Control | WALL | BusinessNameControlTxt |
| Phone | 2029662932 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4910 MASSACHUSETTS AVE NW Suite ST | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20016 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PATRICIA M LEE | PersonNm |
| Person Title | CO-EXEC. DIRECTOR | PersonTitleTxt |
| Phone | 2029662932 | PhoneNum |
| Signature | 2017-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey J Schragg | PreparerPersonNm |
| PTIN | P00234543 | PTIN |
| Phone | 7038930600 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 100.36.146.126 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 54621820171805000000 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2017-06-29 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 5402AF1D5B832C5F376756370817DF42BDD1EDE5 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 5402AF1D5B832C5F376756370817DF42BDD1EDE5 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $194,073,841 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $3,497,309 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $3,543,711 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $0 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $719,153 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $21,494,129 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $849,026 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $17,092 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $24,022 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $4,233,554 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,416,759 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $352,471 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $24,673 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $327,798 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $15,916 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $1,114 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $14,801 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $39,214 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $19,607 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $19,607 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $24,587 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $12,293 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $12,294 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $385,787 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $381,573 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $203,481 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $63,381 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $2,278 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $116,686 | OccupancyRevAndExpnssAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $116,686 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $72,774 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $65 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $44,130 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,213,194 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $502,706 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $535,316 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $9,200,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $9,200,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $10,413,694 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $502,706 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $9,735,816 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$6,180,140 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,914,053 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $296,721 | CashBOYAmt |
| Cash EOY | $692,573 | CashEOYAmt |
| Cash EOYFMV | $692,573 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $6,734,851 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $4,124,067 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $4,124,067 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $8,375 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $0 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $0 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $6,674,878 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $4,676,581 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $4,676,581 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $174,466,606 | CorporateStockBOYAmt |
| Corporate Stock EOY | $184,565,236 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $184,565,236 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $59,644 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $44,260 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $8,831 | LandBOYAmt |
| Land EOY | $15,384 | LandEOYAmt |
| Land EOYFMV | $15,384 | LandEOYFMVAmt |
| Total Assets BOY | $188,190,262 | TotalAssetsBOYAmt |
| Total Assets EOY | $194,073,841 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $194,073,841 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $0 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $22,794 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $13,414 | OtherLiabilitiesBOYAmt |
| Total Liabilities BOY | $13,414 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $22,794 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $188,176,848 | UnrestrictedBOYAmt |
| Unrestricted EOY | $194,051,047 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $188,176,848 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $194,051,047 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $188,190,262 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $194,073,841 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $188,176,848 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$6,180,140 | ExcessRevenueOverExpensesAmt |
| Other Increases | $12,054,339 | OtherIncreasesAmt |
| Subtotal | $194,051,047 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $194,051,047 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | PUBLICLY TRADED SECURITIES | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $21,494,129 | GrossSalesPriceAmt |
| Cost Or Other Basis | $20,645,103 | CostOrOtherBasisAmt |
| Gain Or Loss | $849,026 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $849,026 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $849,026 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $9,682,313 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $184,481,515 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.052484 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $9,710,262 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $189,643,235 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.051203 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $8,933,255 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $167,746,088 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.053255 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $7,656,689 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $157,369,200 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.048654 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $12,459,161 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $161,171,183 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.077304 | DistributionYr5Rt |
| Total Distribution | 0.2829 | TotalDistributionRt |
| Average Distribution | 0.05658 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $184,469,936 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $10,437,309 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $39,141 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $10,476,450 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $9,735,816 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $78,281 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $78,281 | SubtotalAmt |
| Tax Based On Investment Income | $78,281 | TaxBasedOnInvestmentIncomeAmt |
| Applied To Es Tax | $100,000 | AppliedToEsTaxAmt |
| Total Payments And Credits | $100,000 | TotalPaymentsAndCreditsAmt |
| Overpayment | $21,719 | OverpaymentAmt |
| Applied To ES Tax | $21,719 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DC | OrgReportOrRegisterStateCd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.WALLACEGENETIC.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOAN MURRAY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2029662932 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4910 MASSACHUSETTS AVE NW STE 221 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20016 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DAVID DOUGLAS | ||||||||
| 4910 MASSACHUSETTS AVE NW | WASHINGTON | DC | 20016 | VP, TREASURE & RESEARCH | 3.0 | $0 | $0 | $0 |
| Joan Douglas Murray | ||||||||
| 4910 MASSACHUSETTS AVE NW | WASHINGTON | DC | 20016 | PRESIDENT | 25.0 | $0 | $0 | $0 |
| PATRICIA LEE | ||||||||
| 4910 MASSACHUSETTS AVE NW | WASHINGTON | DC | 20016 | CO-EXECUTIVE DIRECTOR | 19.0 | $176,228 | $0 | $0 |
| Ann D Cornell | ||||||||
| 4910 MASSACHUSETTS AVE NW | WASHINGTON | DC | 20016 | Vice-President Secretary | 3.0 | $0 | $0 | $0 |
| Carolyn Sand | ||||||||
| 4910 MASSACHUSETTS AVE NW | WASHINGTON | DC | 20016 | CO-EXECUTIVE DIRECTOR | 13.0 | $176,243 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $180,652,712 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,614,303 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $12,108 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $187,279,123 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $187,279,123 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,809,187 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $184,469,936 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $9,223,497 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $9,223,497 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $78,281 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $78,281 | TotalTaxAmt |
| Distributable Before Adj | $9,145,216 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $9,145,216 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $9,145,216 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $9,735,816 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $9,735,816 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $9,735,816 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $9,145,216 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2014 | PriorYear1Yr |
| Prior Year2 | 2013 | PriorYear2Yr |
| Prior Year3 | 2012 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $877,836 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr3 | $789,648 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $336,610 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $610,407 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $2,614,501 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $9,735,816 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $9,145,216 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $590,600 | RemainingDistriFromCorpusAmt |
| Total Corpus | $3,205,101 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $877,836 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,327,265 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $789,648 | ExcessFromYear3Amt |
| Excess From Year2 | $336,610 | ExcessFromYear2Amt |
| Excess From Year1 | $610,407 | ExcessFromYear1Amt |
| Excess From Current Year | $590,600 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JEAN DOUGLAS | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | WALLACE GENETIC FOUNDATION | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4910 MASSACHUSETTS AVE NW STE 221 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20016 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2029662932 | RecipientPhoneNum |
| Form And Info And Materials | APPLICANTS MAY SUBMIT A LETTER OF INQUIRY OR A FULL PROPOSAL. THEY SHOULD VISIT THE FOUNDATION WEBSITE FOR INFORMATION ON APPLICATION POLICIES AND PROCEDURES, WWWW.WALLACEGENETIC.ORG/PROCEDURES.PHP. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | N/A | SubmissionDeadlinesTxt |
| Restrictions On Awards | GRANTS ARE GENERALLY ONLY GIVEN TO PUBLIC CHARITIES. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ATTACHMENT 5A | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4910 Massachusetts Ave NW | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20016 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | Support | GrantOrContributionPurposeTxt |
| Amt | $9,200,500 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $9,200,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,497,309 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $17,092 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $719,153 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,233,554 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,233,554 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $24,587 | Amt |
| Net Investment Income | $12,293 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $12,294 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FIXED ASSET DETAIL | IdentifierTxt |
| Form And Line Reference | FIXED ASSET DETAIL | FormAndLineReferenceDesc |
| Medium Explanation | COMPUTER EQUIPMENT 4,801 FURNITURE 37,182 ------- TOTAL FIXED ASSETS 41,982 LESS: ACCUM. DEPRECIATION -41,844 ------- NET FIXED ASSETS 139 CURRENT YEAR DEPRECIATION EXPENSE 443 | MediumExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $39,214 | LegalFeesAmt |
| Net Investment Income | $19,607 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $19,607 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| BANK CHARGES | $130 | $65 | $0 | $65 |
| EQUIPMENT RENTAL & MAINTENANCE | $2,194 | $0 | $0 | $2,194 |
| INSURANCE | $8,080 | $0 | $0 | $8,080 |
| OFFICE EXPENSES | $11,004 | $0 | $0 | $11,004 |
| BOND AMORTIZATION | $28,580 | $0 | $0 | $0 |
| DUES AND SUBSCRIPTIONS | $15,040 | $0 | $0 | $15,040 |
| TELEPHONE | $7,183 | $0 | $0 | $7,183 |
| PAYROLL EXPENSES | $563 | $0 | $0 | $564 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| OTHER INCOME | $17,092 | $0 | $0 |
| K-1 partnership income | $0 | $24,022 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN ON INVESTMENTS | Desc |
| Amt | $12,054,339 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INVESTMENT FEES-MORGAN STANLEY | $239,909 | $243,084 | $0 | $0 |
| INVESTMENT FEES - BROWN | $139,599 | $138,489 | $0 | $0 |
| CUSTODIAL FEES | $6,279 | $0 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PAYROLL TAXES | $21,745 | $0 | $0 | $0 |
| OTHER TAXES PAID | $1,580 | $0 | $0 | $0 |
| TAXES PAID ON INVESTMENTS | $5,356 | $5,356 | $0 | $0 |
| FEDERAL TAXES PAID | $174,800 | $0 | $0 | $0 |
| FOREIGN TAX PAID | $0 | $58,025 | $0 | $0 |