Ryan Wells Foundation Inc
- Assets
- $1.7m
- Revenue
- $333.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Harbor, FL
- Founding
- 12/2005
- Data as of
- 12/2021
- EIN
- 04-3824815
Organization Overview
Ryan Wells Foundation Inc is located in Palm Harbor, FL. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ryan Wells Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ryan Wells Foundation Inc generated $333.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $176.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ryan Wells Foundation Inc has awarded 13 individual grants totaling $561,602. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SCHOLARSHIPS FOR PINELLAS DISTRICT SCHOOLS GRADUATING SENIORS. TO SUPPORT CULINARY ARTS EDUCATION PROGRAMS IN PINELLAS DISTRICT SCHOOLS. SUPPORT OTHER STATE AND LOCAL NOT FOR PROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PINELLAS EDUCATION FOUNDATION. COLLEGE SCHOLARSHIPS FOR CULINARY STUDIES GIVEN TO HIGH SCHOOL SENIORS, 31000 AND INDIVIDUAL SPONSORSHIPS, 5200. SPONSOR CULINARY ARTS COMPETITION, 2500.
PINELLAS DISTRICT PUBLIC SCHOOLS FOR THEIR CULINARY ACADEMIES AND RELATED PROGRAMS. FUNDING PROVIDES STUDENTS HANDS-ON EXPERIENCE IN THE AREAS OF HOSPITALITY AND CULINARY. TARPON SPRINGS HIGH SCHOOLS JACOBSON CULINARY ARTS ACADEMY, 10.500. OTHER SCHOOL BOARD CULINARY ACADEMIES AND PROGRAMS, 20700.
TEACHER SPONSORSHIPS, 1,100 OTHER SPONSORSHIPS 5105. RISING STARS, 4,000. OTHER DIRECT COLLEGE SCHOLARSHIP GRANTS, 9,575. SCHOLARSHIP AND GRANTS TO INDIVIDUAL COLLEGE STUDENTS, 12,895.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Giasone Executive Director | Trustee | 30 | $54,000 |
Mike Wells President | OfficerTrustee | 8 | $0 |
Tim Dinsmore Vice President | OfficerTrustee | 1 | $0 |
Carrie Wells Secretary/treasurer | OfficerTrustee | 8 | $0 |
Chris Ponte Director | Trustee | 1 | $0 |
Michael Giasone Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,280 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,998 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,278 |
| Total Program Service Revenue | $0 |
| Investment income | $69,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $91,887 |
| Net Income from Fundraising Events | $97,983 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $333,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,805 |
| Grants and other assistance to domestic individuals. | $28,770 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $54,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,285 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $209 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $176,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $140,881 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,543,022 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,683,903 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,614,202 |
| Net assets with donor restrictions | $69,701 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,683,903 |
Grants Awarded
Over the last fiscal year, Ryan Wells Foundation Inc has awarded $33,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PINELLAS DISTRICT SCHOOLS | | | $31,200 |
Largo, FL PURPOSE: Support of Public Schools | $2,500 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Ryan Wells Foundation Inc has recieved totaling $52,458.
| Awarding Organization | Amount |
|---|---|
Broadrick Family Foundation Of Florida Inc Lutz, FL PURPOSE: TO PROVIDE SUPPORT | $23,318 |
Biddinger Family Foundation Safety Harbor, FL PURPOSE: GENERAL | $14,080 |
Tampa Bay Charities Inc Indian Shores, FL PURPOSE: OPERATIONS | $10,500 |
Gagnon Foundation Inc Belleair Beach, FL PURPOSE: COMMUNITY | $4,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |