Isora Wells Foundation
- Assets
- $7.2m
- Revenue
- $296.5k
- Investments
- $6.6m
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 09/2006
- Data as of
- 06/2024
- EIN
- 20-5193741
Organization Overview
Isora Wells Foundation is located in Albuquerque, NM. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isora Wells Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Moller Secretary | 1 | $1,500 | |
Marika Wells Vp/treasurer | 1 | $1,500 | |
Wendy Wells President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $135,684 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $160,785 |
| Capital Gain Net Income | $160,785 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $296,469 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $250 |
| Printing and publications | $0 |
| Other expenses | $2,303 |
| Total operating and administrative expenses | $98,136 |
| Contributions, gifts, grants paid | $310,000 |
| Total expenses and disbursements | $408,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,786 |
| Savings and temporary cash investments | $642,648 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,245,361 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Isora Wells Foundation has awarded $66,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY ACCESS INC PURPOSE: MENTAL HEALTH FILM FESTIVAL | $10,000 |
FACE-TO-FACE AIDS PROJECT INC PURPOSE: PERMACULTURE MALAWI PROGRAM | $15,000 |
KESHET DANCE COMPANY PURPOSE: GENERAL & UNRESTRICTED | $12,000 |
NEW MEXICO ALLIANCE FOR CHILDREN INC PURPOSE: WELLNESS THROUGH ARTS PROGRAM | $10,000 |
NEW MEXICO COMMUNITY CAPITAL PURPOSE: ADVANCING BUSINESS SUCCESS IN NATIVE AMERICAN COMMUNITIES | $7,000 |
NEW MEXICO FILM FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $4,000 |