Wallace State Community College Future Foundation Inc
Wallace State Community College Future Foundation Inc shows strong asset growth and zero officer compensation over a decade.
EIN: 201438564 · Hanceville, AL · NTEE: B114 · Updated: 2026-03-28
Source Check Matrix
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Wallace State Community College Future Foundation Inc is mapped to EIN 201438564.
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14 stored filing years available.
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90% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $789K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $8.2M |
| Transparency Score | 95/100 |
Search Intent Cockpit
Wallace State Community College Future Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Wallace State Community College Future Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Wallace State Community College Future Foundation Inc in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $1.1M and expenses of $789K.
Revenue and Expenses
Wallace State Community College Future Foundation Inc reported $1.1M in revenue and $789K in expenses, a surplus of $330K.
Executive Compensation
Top officer compensation appears as $8 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
95/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
Is Wallace State Community College Future Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $710K (90%) |
Across stored filings, Wallace State Community College Future Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 14 stored filing years |
| Peer context | Compare with Association Of Tourist Railroads And Railway Museums Inc | Alabama and Education context |
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Wallace State Community College Future Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wallace State Community College Future Foundation Inc
Wallace State Community College Future Foundation Inc (EIN: 201438564) is a nonprofit organization based in Hanceville, AL, classified under NTEE code B114. The organization reported total revenue of $2.4M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wallace State Community College Future Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wallace State Community College Future Foundation Inc is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $789K |
| Surplus / Deficit | +$330K |
| Total Assets | $8.2M |
| Net Assets | $8.2M |
| Operating Margin | 29.5% |
| Months of Reserves | 124.3 months |
Financial Health Grade: A
In 2024, Wallace State Community College Future Foundation Inc reported a surplus of $330K with revenue exceeding expenses, holds 124.3 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Wallace State Community College Future Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -6.2% | +6.5% | +9.6% |
| 2023 | -52.1% | +5.4% | +19.6% |
| 2022 | +161.3% | +49.1% | +7.6% |
| 2021 | -10.8% | -34.7% | +31.9% |
| 2020 | +18.3% | +21.3% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wallace State Community College Future Foundation Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Wallace State Community College Future Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $330K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly unusual for an organization with assets exceeding $8 million and annual revenues often over $1 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Wallace State Community College Future Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes precise program vs. admin spending difficult to ascertain beyond officer compensation.
Strengths
The following positive indicators were identified for Wallace State Community College Future Foundation Inc:
- Consistent asset growth, from $2.39M in 2015 to $8.17M in 2024.
- Zero officer compensation reported across all 14 filings, indicating high dedication to mission.
- Strong revenue generation, with latest revenue at $2,370,455.
- Minimal to no liabilities reported in most fiscal periods, indicating sound financial management.
- Expenses consistently lower than revenue in most years, contributing to asset accumulation.
Frequently Asked Questions about Wallace State Community College Future Foundation Inc
Is Wallace State Community College Future Foundation Inc a legitimate charity?
Wallace State Community College Future Foundation Inc (EIN: 201438564) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 95/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.4M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Wallace State Community College Future Foundation Inc spend its money?
Wallace State Community College Future Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Wallace State Community College Future Foundation Inc tax-deductible?
Wallace State Community College Future Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201438564). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wallace State Community College Future Foundation Inc CEO make?
Wallace State Community College Future Foundation Inc's highest-compensated officer earns $8 annually. The organization reported $2.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Wallace State Community College Future Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Wallace State Community College Future Foundation Inc is above average for NTEE category B114 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wallace State Community College Future Foundation Inc located?
Wallace State Community College Future Foundation Inc is headquartered in Hanceville, Alabama and files with the IRS under EIN 201438564. It is classified under NTEE code B114.
How many years of IRS 990 filings does Wallace State Community College Future Foundation Inc have?
Wallace State Community College Future Foundation Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.4M in total revenue.
Is Wallace State Community College Future Foundation Inc a good charity?
Based on its financial data, the foundation appears to be a very good charity. It demonstrates strong asset growth, consistent revenue generation, and a remarkable commitment to directing all funds to its mission by reporting 0% officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, with assets growing from $2,393,803 in 2015 to $8,175,254 in 2024, and revenues consistently exceeding expenses in most periods, indicating sustainable growth.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting that its leadership is either unpaid or compensated by an affiliated entity, ensuring all foundation funds are used for its programs.
How efficient is Wallace State Community College Future Foundation Inc with its spending?
The foundation appears highly efficient. With 0% officer compensation and expenses consistently lower than revenue, a very high proportion of its spending is likely directed towards program services, aligning with its NTEE code for scholarships and financial aid.
Filing History
IRS 990 filing history for Wallace State Community College Future Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Wallace State Community College Future Foundation Inc's revenue has grown by 334.2%, moving from $258K to $1.1M. Total assets increased by 366.7% over the same period, from $1.8M to $8.2M. Total functional expenses rose by 400.9%, from $158K to $789K. In its most recent filing year (2024), Wallace State Community College Future Foundation Inc reported a surplus of $330K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $789K | $8.2M | $0 | — | View 990 |
| 2023 | $1.2M | $741K | $7.5M | $0 | — | View 990 |
| 2022 | $2.5M | $703K | $6.2M | $4K | — | View 990 |
| 2021 | $953K | $471K | $5.8M | $0 | — | View 990 |
| 2020 | $1.1M | $722K | $4.4M | $0 | — | — |
| 2019 | $903K | $595K | $4.4M | $141K | — | View 990 |
| 2018 | $1.5M | $459K | $3.9M | $0 | — | View 990 |
| 2017 | $741K | $437K | $2.8M | $0 | — | View 990 |
| 2016 | $356K | $354K | $2.4M | $0 | — | View 990 |
| 2015 | $550K | $357K | $2.4M | $2K | — | View 990 |
| 2014 | $307K | $253K | $2.2M | $0 | — | View 990 |
| 2013 | $360K | $267K | $2.1M | $0 | — | View 990 |
| 2012 | $552K | $291K | $2.0M | $22K | — | View 990 |
| 2011 | $258K | $158K | $1.8M | $134 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.1M, expenses of $789K, and assets of $8.2M (revenue -6.2% year-over-year).
- 2023: Revenue of $1.2M, expenses of $741K, and assets of $7.5M (revenue -52.1% year-over-year).
- 2022: Revenue of $2.5M, expenses of $703K, and assets of $6.2M (revenue +161.3% year-over-year).
- 2021: Revenue of $953K, expenses of $471K, and assets of $5.8M (revenue -10.8% year-over-year).
- 2020: Revenue of $1.1M, expenses of $722K, and assets of $4.4M (revenue +18.3% year-over-year).
- 2019: Revenue of $903K, expenses of $595K, and assets of $4.4M (revenue -39.9% year-over-year).
- 2018: Revenue of $1.5M, expenses of $459K, and assets of $3.9M (revenue +102.8% year-over-year).
- 2017: Revenue of $741K, expenses of $437K, and assets of $2.8M (revenue +108.4% year-over-year).
- 2016: Revenue of $356K, expenses of $354K, and assets of $2.4M (revenue -35.3% year-over-year).
- 2015: Revenue of $550K, expenses of $357K, and assets of $2.4M (revenue +79.2% year-over-year).
- 2014: Revenue of $307K, expenses of $253K, and assets of $2.2M (revenue -14.7% year-over-year).
- 2013: Revenue of $360K, expenses of $267K, and assets of $2.1M (revenue -34.9% year-over-year).
- 2012: Revenue of $552K, expenses of $291K, and assets of $2.0M (revenue +114.2% year-over-year).
- 2011: Revenue of $258K, expenses of $158K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wallace State Community College Future Foundation Inc:
Data Sources and Methodology
This transparency report for Wallace State Community College Future Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.