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← WALLACE RHEUMATIC DISEASES FOUNDATION

Form 990 for tax year 2024

Filed by WALLACE RHEUMATIC DISEASES FOUNDATION.

Totals

Total revenue
$146,836
Total expenses
$221,621
Contributions and grants received
$97,655
Grants paid
$11,400
Program service revenue
$0
Investment income
$49,181
Other revenue
$0
Total assets, end of year
$39,726
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$39,726
Program services expenses (Part IX)
$11,400
Management and general expenses
$210,221
Fundraising expenses
$0
Program service expenses (Part III)
$11,400

Program services were 5.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $97,655

  • 3 · Investment income

    total $32 · unrelated business $32

  • 7a · Gross sales of assets other than inventory

    securities $81,261

  • 7b · Less cost or other basis and sales expenses

    securities $32,112

  • 7c · Gain or loss

    securities $49,149

  • 7d · Net gain or loss

    total $49,149 · unrelated business $49,149

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,400 · program services $11,400

  • 5 · Compensation of officers, directors and key employees

    total $20,000 · management and general $20,000

  • 17 · Travel

    total $3,348 · management and general $3,348

  • 23 · Insurance

    total $3,479 · management and general $3,479

  • 24a · Other expenses: FOUNDATION INDIGENT CAR

    total $153,000 · management and general $153,000

  • 24b · Other expenses: LEGAL AND PROFESSIONAL

    total $11,397 · management and general $11,397

  • 24c · Other expenses: RENT

    total $8,000 · management and general $8,000

  • 24d · Other expenses: SUPPLIES

    total $7,000 · management and general $7,000

  • 24e · All other expenses

    total $3,997 · management and general $3,997

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,448 · end of year $19,103

  • 11 · Investments: publicly traded securities

    beginning of year $97,863 · end of year $8,671

  • 15 · Other assets

    beginning of year $3,202 · end of year $11,952

  • 27 · Net assets without donor restrictions

    beginning of year $114,513 · end of year $39,726

Mission and programs · 2024

Mission

FUNDING CUTTING-EDGE RESEARCH, FELLOWSHIP PROGRAMS AND PATIENT ACCESS TO CARE GRANTS.

Activities or mission (Part I)

FUNDING CUTTING-EDGE RESEARCH, FELLOWSHIP PROGRAMS AND PATIENT ACCESS TO CARE GRANTS

  • PROVIDING GRANTS FOR UNINSURED OR UNDERINSURED PATIENTS WITH AUTOIMMUNE DISEASE

    Expenses $7,600 · Grants $7,600

  • FUNDING FOR MEDICAL CARE

    Expenses $2,000 · Grants $2,000

  • FUNDING FOR CARDIO VASCULAR CARE

    Expenses $600 · Grants $600

  • Expenses $1,200 · Grants $1,200

As filed on the 2024 return.

Listed in Part VII

  • Daniel Wallace

    PRESIDENT

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
8 June 2025
IRS schema version
2024v5.1
Source object
202511599349300251

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