Wells County Foundation Inc
- Assets
- $38.4m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Bluffton, IN
- Founding
- 01/1959
- Data as of
- 12/2021
- EIN
- 35-6042815
Organization Overview
Wells County Foundation Inc is located in Bluffton, IN. The organization was established in 1959. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Wells County Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wells County 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 12/2021, Wells County Foundation Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 5.7% 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.
Since 2014, Wells County Foundation Inc has awarded 196 individual grants totaling $3,361,912. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE FOUNDATION ESTABLISHED TO ENHANCE THE PRESENT AND FUTURE QUALITY OF LIFE OF THE WELLS COUNTY, IN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE BENEFITS AND DEVELOPMENT OF THE WELLS COUNTY COMMUNITY BY PROVIDING PROGRAM/PROJECT FUNDING FOR QUALIFIED CHARITABLE ORGANIZATIONS PURSUANT TO THE PURPOSE OF DONOR INTENTIONS AND BY FUNDING PROGRAMS OR PROJECTS THAT IMPROVE THE COMMUNITY.
AWARD SCHOLARSHIPS TO WELLS COUNTY RESIDENTS TO ASSIST IN PURSUING POST-SECONDARY EDUCATION. 108 STUDENTS RECEIVED SCHOLARSHIPS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Slater Exec Director | 40 | $77,926 | |
Alan Gunkel Vice President | OfficerTrustee | 0 | $0 |
Brad Johnson Treasurer | OfficerTrustee | 0 | $0 |
Ginny Fenstermaker President | OfficerTrustee | 0 | $0 |
Mike Kracium Secretary | OfficerTrustee | 0 | $0 |
Sarah Mcneill Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,262,818 |
| Noncash contributions included in lines 1a–1f | $211,752 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,262,818 |
| Total Program Service Revenue | $0 |
| Investment income | $410,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,814,892 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,725,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $687,856 |
| Grants and other assistance to domestic individuals. | $485,578 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,926 |
| Compensation of current officers, directors, key employees. | $25,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,102 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,131 |
| Payroll taxes | $13,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $600 |
| Fees for services: Accounting | $43,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,644 |
| Travel | $95 |
| 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 | $21,924 |
| Insurance | $5,303 |
| All other expenses | $5,742 |
| Total functional expenses | $1,536,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25 |
| Savings and temporary cash investments | $1,205,105 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,564 |
| Net Land, buildings, and equipment | $370,458 |
| Investments—publicly traded securities | $35,268,203 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,561,467 |
| Total assets | $38,406,822 |
| Accounts payable and accrued expenses | $5,440 |
| Grants payable | $355,333 |
| 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 | $1,014,891 |
| Total liabilities | $1,375,664 |
| Net assets without donor restrictions | $2,119,723 |
| Net assets with donor restrictions | $34,911,435 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $38,406,822 |
Grants Awarded
Over the last fiscal year, Wells County Foundation Inc has awarded $550,555 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Bluffton, IN PURPOSE: SUPPORT REVITALIZATION OF COMMUNITY | $157,026 |
BLUFFTON PARKS DEPARTMENT PURPOSE: VARIOUS ACTIVITIES AT LOCAL PARKS | $118,000 |
WELLS CO BOYS & GIRLS CLUB PURPOSE: SUPPORT PROGRAMS FOR KIDS IN COMM | $41,325 |
ST JOSEPH CATHOLIC CHURCH PURPOSE: CHURCH'S CHARITABLE PURPOSES | $21,600 |
Bluffton, IN PURPOSE: SUPPORT FOR LOCAL EMS | $17,600 |
Bluffton, IN PURPOSE: VARIOUS FAMILY PROGRAMS | $15,900 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wells County Foundation Inc has recieved totaling $25,053.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
Endowment Analysis
| Beg. Balance | $26,595,148 |
| Earnings | $4,534,064 |
| Admin Expense | $294,386 |
| Net Contributions | $281,175 |
| Grants | $779,602 |
| Ending Balance | $30,336,399 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |