Tony R Wells Foundation
- Assets
- $2.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Lewis Center, OH
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 31-1778364
Organization Overview
Tony R Wells Foundation is located in Lewis Center, OH. The organization was established in 2002. 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. Tony R 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.
For the year ending 12/2023, Tony R Wells Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 45.4% each year . All expenses for the organization totaled $301.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tony R Wells Foundation has awarded 200 individual grants totaling $228,391. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO SUPPORT FUNDRAISING EVENTS LEVERAGING TECHNOLOGY PLATFORMS AND ENGAGE THE COMMUNITY IN THEIR MISSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony R Wells President | 0 | $0 | |
Dana A Wells Vice President | 0 | $0 | |
Daniel Pershing Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $43,873 |
| 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 | $1,739,141 |
| Total Revenue | $1,783,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $142,129 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $247 |
| Depreciation | $1,203 |
| Occupancy | $21,638 |
| Travel, conferences, and meetings | $12,788 |
| Printing and publications | $0 |
| Other expenses | $46,836 |
| Total operating and administrative expenses | $264,009 |
| Contributions, gifts, grants paid | $37,276 |
| Total expenses and disbursements | $301,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,412 |
| Savings and temporary cash investments | $1,320,816 |
| Net Accounts receivable | $13,025 |
| Net Pledges Receivable | $0 |
| Grants receivable | $8,075 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $13,216 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,087 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $380,000 |
| Total assets | $2,141,631 |
| Accounts payable and accrued expenses | $16,427 |
| 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 | $683,071 |
| Total liabilities | $699,498 |
Grants Awarded
Over the last fiscal year, Tony R Wells Foundation has awarded $37,277 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
GROUNDWORK GROUP PURPOSE: OPERATIONS SUPPORT | $3,766 |
CANTON AREA BUDDY WALK PURPOSE: GENERAL OPERATIONS | $50 |
ZEFF BLACK DOWN SYNDROME ASSOCIATION PURPOSE: OPERATIONAL SUPPORT | $105 |
FRANKLINTON CYCLE WORKS PURPOSE: SOCIAL ENTERPRISE | $15,000 |
MIRACLE LEAGUE PURPOSE: OPERATIONAL SUPPORT | $500 |
PREVENT BLINDNESS PURPOSE: OPERATIONAL SUPPORT | $500 |