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Wallach Foundation EIN 23-2494924 Form 990 (PDF) Claim this org

Wallach Foundation

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A private foundation based in Delray Beach, FL. It reported about $162K in revenue for 2024. For fiscal year 2025 it reported $162K in revenue, $65K in expenses, and $1.1M in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Delray Beach, FL
Filings
5 on file (2021–2025)
Revenue
$162KFY2025
Expenses
$65K
Net assets
$1.1M
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-2494924 Private foundation / grantmaker Delray Beach, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Delray Beach, FL. It reported about $162K in revenue for 2024.
Leadership
Michael C Wallach · Trustee
Money in and out
$162K revenue, $65K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$162K
Pt VIII · Ln 12
Total expenses
$65K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $97K
Total assets
1.1M
deployed as grants and operations
Grants paid
53K
in FY2025
Grants made
17grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 17 grants · $53K · 2024–2024
American Friends of Yad Eliezer INCNJ · FY2024$10,000
Your Heart on ArtTN · FY2024$9,300
The Jewish Learning ExperienceFY2024$5,000
Temple Israel Westport INCCT · FY2024$3,734
American Friends of Natal INCNY · FY2024$3,600
Happiness Is Camping INCNJ · FY2024$1,800
Elem Youth in Distress in IsraselFY2024$1,800
Belev Echad INCNY · FY2024$1,800
Jewish Family ServicesFY2024$1,800
One Family FundNJ · FY2024$1,800
Mazon INC a Jewish Response to HungerCA · FY2024$1,800
Chabad NashvilleFY2024$1,800
Jewish Farmers NetworkFY2024$1,800
Auschwitz Birkenau Memorial FundFY2024$1,800
Lower Merion SynagogueFY2024$1,800
The Jbi LibraryFY2024$1,800
Israel Defense ForcesFY2024$1,800

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV8
Average grantPart XV$3K
Median grantPart XV$2K
Largest grantPart XV$10K
Top cause focusNTEEHuman Services (12%)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$162K
FY2025▼ -69%
Expenses
$65K
FY2025▼ -35%
Total assets
$1.1M
FY2025▲ +8%
Total liabilities
$0
FY2025▼ -100%
Total revenue
$162K
Pt VIII · Ln 12
Total expenses
$65K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Total assetsPt II$1.1M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWallach Foundation
EINHdr · item D23-2494924
Principal addressHdr · item CDelray Beach, FL
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wallach Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$150K · 92%
Contributions & grants$12K · 8%
Investment income92%$150K
Contributions & grants8%$12K
Total revenueLn 12$162K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.82 Operating & administrative $0.18
Grants & contributions paid82%$53K
Operating & administrative18%$12K
Total functional expensesLn 25$65K

Balance Sheet

Part X · end of year
CashLn 1$60K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.1M
Months of cash on handcomputed11.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.1M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $162K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $162K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $162K · Prior year $529K
-69%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $162K · Expenses $65K
+60%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
—
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
100%
People & payroll
Highest Reported Total Compensation
Individual Michael C Wallach · Reported title Trustee · Highest reported compensation $0 · Total expenses $65K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -69%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$162K revenue · viewing · ⤓ 990 PDF
FY2024$529K revenue · ⤓ 990 PDF
FY2023$14K revenue · ⤓ 990 PDF
FY2022$119K revenue · ⤓ 990 PDF
FY2021$17K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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