Wellmed Charitable Foundation
- Assets
- $5.2m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 20-5087010
Organization Overview
Wellmed Charitable Foundation is located in San Antonio, TX. The organization was established in 2007. According to its NTEE Classification (B60) the organization is classified as: Adult Education, 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. Wellmed Charitable Foundation 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 12/2022, Wellmed Charitable Foundation generated $4.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wellmed Charitable Foundation has awarded 126 individual grants totaling $5,004,542. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH EDUCATION AND CHARITABLE GIVING
Describe the Organization's Program Activity:
Part 3 - Line 4a
WELLMED CHARITABLE FOUNDATION CONTRIBUTES FINANCIAL ASSISTANCE TO ORGANIZATIONS AND INDIVIDUALS IN THE COMMUNITY BASED ON NEED.
WELLMED CHARITABLE FOUNDATION OPERATES SENIOR CENTERS AND PROVIDES CLASSROOM INSTRUCTION AND EDUCATION FOR THE BENEFIT OF THE SENIOR CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George M Rapier III Chairman | Trustee | 1 | $0 |
Bryan D Grundhoefer President | OfficerTrustee | 1 | $0 |
Richard Manning Vice President | OfficerTrustee | 1 | $0 |
Cj Roach Secr/treas | OfficerTrustee | 1 | $0 |
Jimmie Keenan Director | Trustee | 1 | $0 |
Carlos Hernandez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $597,368 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,102,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,700,218 |
| Total Program Service Revenue | $0 |
| Investment income | $7,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,727 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,745,308 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,944,314 |
| Grants and other assistance to domestic individuals. | $976,333 |
| 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 | $316,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,476 |
| Payroll taxes | $10,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,030 |
| Fees for services: Accounting | $93,168 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $320,751 |
| Advertising and promotion | $87,191 |
| Office expenses | $22,843 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $519,611 |
| Travel | $3,474 |
| 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 | $221,884 |
| Total functional expenses | $4,989,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,469,614 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $708,414 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,178,028 |
| Accounts payable and accrued expenses | $53,870 |
| 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 | $1,573,051 |
| Total liabilities | $1,626,921 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $3,551,107 |
| Total liabilities and net assets/fund balances | $5,178,028 |
Grants Awarded
Over the last fiscal year, Wellmed Charitable Foundation has awarded $1,757,465 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: CHARITABLE | $18,000 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE | $11,900 |
CATHOLIC CHARITIES PURPOSE: CHARITABLE | $25,000 |
JEWISH FAMILY SERVICES OF SA PURPOSE: CHARITABLE | $20,000 |
SAN ANTONIO OASIS PURPOSE: CHARITABLE | $17,500 |
LOWER RIO GRANDE VALLEY DEVELOPMENT CENTER PURPOSE: CHARITABLE | $14,541 |