Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1999.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
6 people listed on the 990; $5K paid to officers and key staff (Part VII, Section A).
Grace Reinecker’s $5K as Chairperson is at the 23rd percentile of top reported officer pay among 133 <$100K philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
See Wallace County Foundation executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Builds endowments, inspires donors, and grants funds to improve Wallace County today and tomorrow.
Questions for Wallace County Foundation
Your first name shows with your question. Wallace County Foundation answers here, for everyone.
To receive grants or bequests for the benefit of both specific and broad charitable interest in the community.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 48-1207417) · Dispute this lineTo make grants from unrestricted endowment funds to benefit the citizens of wallace county, kansas and surrounding areas.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 48-1207417) · Dispute this lineTo advise and assist donors who would benefit by the use of the wallace county foundation in the achievement of their charitable objectives.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 48-1207417) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $284K | $337K |
| Total assetsLn 16 | $284K | $337K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $284K | $337K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $15K | $15K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $5K | $5K | ||
| Other salaries and wagesLn 7 | $4K | $4K | ||
| Payroll taxesLn 10 | $321 | $321 | ||
| Management feesLn 11a | $115 | $115 | ||
| Accounting feesLn 11c | $1K | $1K | ||
| Investment management feesLn 11f | $2K | $2K | ||
| Other fees for servicesLn 11g | $76K | $76K | $138 | |
| Advertising and promotionLn 12 | $3K | $3K | ||
| Office expensesLn 13 | $928 | $928 | ||
| Information technologyLn 14 | $4K | $4K | ||
| OccupancyLn 16 | $3K | $3K | ||
| Total functional expensesLn 25 | $116K | $91K | $25K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 | $168K | $116K | $52K | $337K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $168,299 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 4 to look at
Part VIII · Statement of revenue $168,299 across 6 lines filed
Part IX · Statement of functional expenses $115,825 across 12 lines filed
Part X · Balance sheet $336,746 assets, 7 lines filed
Part XI · Reconciliation of net assets $336,746 net assets at year end
Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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