Wells Foundation Inc
- Assets
- $6.0m
- Revenue
- $356.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 10/1968
- Data as of
- 06/2024
- EIN
- 38-6157507
Organization Overview
Wells Foundation Inc is located in Louisville, KY. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Wells 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 06/2024, Wells Foundation Inc generated $356.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $426.3k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Wells Foundation Inc has awarded 59 individual grants totaling $1,122,951. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Wells Director | 1 | $0 | |
Darrell Wells Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $268,094 |
| Dividends & Interest | $8,601 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,531 |
| Capital Gain Net Income | $79,531 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $356,226 |
| 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 | $5,078 |
| Total operating and administrative expenses | $8,543 |
| Contributions, gifts, grants paid | $417,801 |
| Total expenses and disbursements | $426,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,978,506 |
| 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 | $1,033,352 |
| Total assets | $6,011,858 |
| 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, Wells Foundation Inc has awarded $417,801 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CEDAR LAKE FOUNDATION PURPOSE: UNRESTRICTED GIFT | $2,500 |
CATHOLIC EDUCATION FOUNDATION PURPOSE: UNRESTRICTED GIFT | $20,000 |
FILSON HISTORICAL SOCIETY PURPOSE: UNRESTRICTED GIFT | $5,000 |
HOLY TRINITY PURPOSE: UNRESTRICTED GIFT | $126,001 |
SACRED HEART ACADEMY ANNUAL FUND PURPOSE: UNRESTRICTED GIFT | $10,000 |
SPEED ART MUSEUM PURPOSE: UNRESTRICTED GIFT | $25,000 |