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Trace Foundation EIN 47-5363033

Trace Foundation FY2022 filing

EIN  47-5363033 Private foundation / grantmaker Annapolis, MD
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
A private foundation based in Annapolis, MD. It reported about $505K in revenue for 2022.
Leadership
Alexandra Wrage · President
Money in and out
$505K revenue, $897K expenses
Bottom line
—

A private foundation based in Annapolis, MD. It reported about $505K in revenue for 2022. For fiscal year 2022 it reported $505K in revenue, $897K in expenses, and $2.3M in net assets.Pt I

Grants paid & assets · FY2022
Total revenue
$505K
Pt VIII · Ln 12
Total expenses
$897K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$392K
Total assets
2.3M
deployed as grants and operations
Grants paid
140K
in FY2022
Grants made
3grants
total in period
Payout rate
6%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 3 grants · $277K · 2025–2025
Deep South TodayFY2025$123,000
Salt Spring Institute for Sustainability Education and ActionFY2025$103,625
Journalism Development NetworkFY2025$50,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$92K
Median grantPart XV$104K
Largest grantPart XV$123K

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF
Revenue
$505K
FY2022▼ -35%
Expenses
$897K
FY2022▲ +15%
Total assets
$2.3M
FY2022▼ -20%
Total liabilities
$0
FY2022▼ -100%
Total revenue
$505K
Pt VIII · Ln 12
Total expenses
$897K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Total assetsPt II$2.3M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTrace Foundation
EINHdr · item D47-5363033
Principal addressHdr · item CAnnapolis, MD
WebsiteHdr · item Jwww.traceinternational.org/tracefoundation
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFJan 2016

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 (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Stephen Wrage
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Amy Sommers
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Trace Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$500K · 99%
Investment income$5K · 1%
Contributions & grants99%$500K
Investment income1%$5K
Total revenueLn 12$505K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.16 Operating & administrative $0.84
Grants & contributions paid16%$140K
Operating & administrative84%$757K
Total functional expensesLn 25$897K

Balance Sheet

Part X · end of year
CashLn 1$924K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.3M
Months of cash on handcomputed12.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $2.3M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $505K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $505K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $505K · Prior year $775K
-35%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $505K · Expenses $897K
-78%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
—
Net-asset ratio
Net assets $2.3M · Total assets $2.3M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $897K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -35%——

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)$436K revenue · ⤓ 990 PDF
FY2024$299K revenue · ⤓ 990 PDF
FY2023$389K revenue · ⤓ 990 PDF
FY2022$505K revenue · viewing · ⤓ 990 PDF
FY2021$775K revenue · ⤓ 990 PDF
FY2020$322K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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