Frederick B Wells Jr Trust Fund 35060960
- Assets
- $18.6m
- Revenue
- $1.8m
- Investments
- $17.8m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 07/1946
- Data as of
- 12/2021
- EIN
- 41-6015486
Organization Overview
Frederick B Wells Jr Trust Fund 35060960 is located in Milwaukee, WI. The organization was established in 1946. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Frederick B Wells Jr Trust Fund 35060960 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, Frederick B Wells Jr Trust Fund 35060960 generated $1.8m 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 (28.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $394,973 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,397,128 |
| Capital Gain Net Income | $1,397,128 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $678 |
| Total Revenue | $1,792,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $168,633 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,973 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,551 |
| Total operating and administrative expenses | $199,068 |
| Contributions, gifts, grants paid | $869,587 |
| Total expenses and disbursements | $1,068,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,113 |
| Savings and temporary cash investments | $788,167 |
| 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 | $6,339,584 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $26,178 |
| Total assets | $18,647,298 |
| 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 |
Peer Organizations
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|---|---|---|
Mary G Stange Charitable Trust Ann Arbor, MI | $495,498 | $4,941,394 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |