Franklin Wells For The World Foundation Inc
- Assets
- $6.0k
- Revenue
- $187.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 26-4065761
Organization Overview
Franklin Wells For The World Foundation Inc is located in Fort Wayne, IN. The organization was established in 2011. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Wells For The World 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 12/2022, Franklin Wells For The World Foundation Inc generated $187.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $185.2k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SUPPLEMENTAL INFORMATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Executive Director | 5 | $48,476 | |
Name Not Listed President / Director | 1 | $0 | |
Name Not Listed Treasurer / Director | 1 | $0 | |
Name Not Listed Secretary / Director | 1 | $0 | |
Name Not Listed Vice President / Director (through March 2022) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $187,300 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $187,300 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $133,129 |
| Total operating and administrative expenses | $185,155 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $185,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,995 |
| Savings and temporary cash investments | $0 |
| 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 | $5,995 |
| 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, Franklin Wells For The World Foundation Inc has awarded $137,973 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRANKLIN ELECTRIC SOUTH AFRICA (PTY) LTD PURPOSE: TO ADDRESS THE NEED FOR CLEAN WATER SYSTEMS AND TO PROVIDE LONG-TERM ACCESSIBLE AND SAFE GROUND WATER SOURCES TO AT-RISK COMMUNITIES IN DEVELOPING COUNTRIES. | $121,504 |
PLUGA PUMPS AND MOTORS PRIVATE LIMITED PURPOSE: INDIA SOLAR PROJECT. | $16,469 |