Posner-Wallace Foundation FY2023 filing

Tax-deductible

Wilmington, DE501(c)(3)EIN 52-6037555

501(c)(3) charity; gifts are tax-deductible.
$15K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2023 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $38K a year · 10% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
990-PF Pt I · 5 filings
Pay to officers and key staff
$15K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
990-PF Pt VIII
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$306K
+20% vs prior year
Spent
$366K
Net assets
$3.5M
By yearFY2020–FY2024
Revenue
$306K
FY2023▲ +20%
Revenue by fiscal year
FY2020$257K
FY2021$537K
FY2022$256K
FY2023$306K
FY2024$462K
Expenses
$366K
FY2023▼ -28%
Expenses by fiscal year
FY2020$331K
FY2021$432K
FY2022$510K
FY2023$366K
FY2024$368K
Net assets
$3.5M
FY2023▼ -2%
Net assets by fiscal year
FY2020$3.7M
FY2021$3.8M
FY2022$3.6M
FY2023$3.5M
FY2024$3.6M

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1958.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 77% · $283K Operating & administrative 23% · $83K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990-PF; $15K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2023 filing did not itemize Part VII
Chair, Pres, Trustee
$5,000Pt VII · Sec A
Trustee, CFO, Treas
$3,333Pt VII · Sec A
Trustee, Sec
$3,333Pt VII · Sec A
Chair Emeritus
$3,333Pt VII · Sec A
Associate Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Associate Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2021
Rachel C Smith$5,000$5,000
James R Posner$3,333$3,333
Nicholas Posner$3,333$3,333
Sarah Smith$3,333—
Robert P Smith II—$3,333

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Posner-Wallace Foundation executive salaries →

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Programs and updates

A private foundation based in Wilmington, DE.

Provided by the organization

This section is blank until Posner-Wallace Foundation claims this page.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 241 grants · $277K · 2024–2024
Childrens Theatre CompanyFY2024$15,000
Childrens Theatre CompanyFY2024$12,000
I Earn INCFY2024$10,000
Childrens Theatre CompanyFY2024$8,000
Mirror StageWA · FY2024$7,000
KeshoOH · FY2024$6,500
Sidwell Friends SchoolDC · FY2024$5,000
Northeastern University School of LawFY2024$5,000
New Israel FundNY · FY2024$5,000
Free Wheelchair MissionCA · FY2024$5,000
Clear Global INCCT · FY2024$5,000
Childrens Health Council INCFY2024$5,000
Beads for Education INC a Non-Profit CorporationFY2024$5,000
See all 241 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV168
Average grantPart XV$1K
Median grantPart XV$400
Largest grantPart XV$15K
Top cause focusNTEEEducation (10%)

By the numbers

The FY2023 990-PF, line by line.

1The main four
Money in
$306K
Investment income$293K
Other income$13K
Money out
$366K
Grants paid$283K
Running costs$83K
Owns and owes
$3.5M
net assets
Cash and savings$208K
Total assets$3.5M
Liabilities$0
People
11
listed
Paid4
2In more detail
Revenue in detail
Investment income$293K
Other income$13K
Total revenue$306K
Assets in detailEnd of year
Cash and savings together$208K
Total assets$3.5M
Liabilities$0
Net assets$3.5M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $462K$368K$94K$3.6M 990 PDF
FY2023 Viewing $306K$366K−$60K$3.5M 990 PDF
FY2022 $256K$510K−$255K$3.6M 990 PDF
FY2021 $537K$432K$105K$3.8M 990 PDF
FY2020 $257K$331K−$74K$3.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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