Toby Wells Foundation
- Assets
- $8.3m
- Revenue
- $198.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Poway, CA
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 33-0946827
Organization Overview
Toby Wells Foundation is located in Poway, CA. 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. Toby 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 12/2021, Toby Wells Foundation generated $198.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Toby Wells Foundation has awarded 89 individual grants totaling $105,436. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLUE APPLE RANCH ENRICHES LIVES THROUGH THE RESCUE, REHABILITATION, AND COMPASSIONATE CARE OF AT-RISK EQUINES WHILE PROVIDING EDUCATION, PUBLIC AWARENESS PROGRAMS AND THERAPEUTIC ACTIVITIES FOR BOTH PEOPLE AND HORSES ALIKE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lloyd H Wells Chairman | 0 | $0 | |
Lynn D Wells President & CEO | 0 | $0 | |
Adrienne Wells Holmes Executive Direc | 0 | $0 | |
Mike Erwin Director | 0 | $0 | |
Edward Fudurich Director | 0 | $0 | |
Dale J Holmes Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $116,250 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,945 |
| Net Rental Income | $8,835 |
| 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 | $198,190 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $272,398 |
| Pension plans, employee benefits | $0 |
| Interest | $7 |
| Taxes | $29,241 |
| Depreciation | $177,804 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $510,367 |
| Total operating and administrative expenses | $989,817 |
| Contributions, gifts, grants paid | $26,520 |
| Total expenses and disbursements | $1,016,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $615,728 |
| 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 | $1,292 |
| Net Investments - land, buildings, equipment | $1,004,554 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,698,202 |
| Other assets | $0 |
| Total assets | $8,319,776 |
| 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 | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $500,000 |
Grants Awarded
Over the last fiscal year, Toby Wells Foundation has awarded $26,520 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
JUNIOR ACHIEVEMENT OF SD PURPOSE: EDUCATIONAL | $10,000 |
SOROPTIMIST INTERNATIONAL OF POWAY PURPOSE: CHARITABLE | $5,600 |
PAYPAL FUNDRAISERS PURPOSE: VARIOUS | $2,029 |
Los Altos, CA PURPOSE: CHARITABLE | $1,776 |
RANCHO BERNARDO SUNRISE ROTARY PURPOSE: CHARITABLE | $1,000 |
POLINSKY CHILDRENS CENTER PURPOSE: CHARITABLE | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Toby Wells Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Lauren Foundation San Diego, CA PURPOSE: GENERAL OPERATION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |