The Wellmark Foundation is located in Des Moines, IA. The organization was established in 1992. 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. Wellmark 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 12/2022, Wellmark Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $7.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Wellmark Foundation has awarded 89 individual grants totaling $8,110,598. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas M Cink MD Director | 1 | $0 | |
John D Forsyth Director | 1 | $0 | |
Izaah Knox Director | 1 | $0 | |
Thomas M Mcmahon Director | 1 | $0 | |
Laura Jackson Chairperson (4/25 - 12/31) | 1 | $0 | |
Christa D Kuennen Treasurer | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $150,000 |
Interest on Savings | $0 |
Dividends & Interest | $1,338,461 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $371,561 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $155,000 |
Total Revenue | $2,015,022 |
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 | $146 |
Printing and publications | $0 |
Other expenses | $2,594,731 |
Total operating and administrative expenses | $2,620,694 |
Contributions, gifts, grants paid | $4,400,579 |
Total expenses and disbursements | $7,021,273 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $209,286 |
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 | $68,506,206 |
Net Land, buildings, and equipment | $0 |
Other assets | $29,868 |
Total assets | $68,745,360 |
Accounts payable and accrued expenses | $0 |
Grants payable | $458,405 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $29,502 |
Total liabilities | $487,907 |
Over the last fiscal year, The Wellmark Foundation has awarded $4,176,564 in support to 35 organizations.
Grant Recipient | Amount |
---|---|
BLUES CARE GIVING CONTRIBUTIONS PURPOSE: SEE ATTACHMENT 2 | $1,164,048 |
BLACK HILLS WORKS INC PURPOSE: BLACK HILLS WORKS IS JOINING THE RAPID CITY SPECIAL OLYMPICS YOUTH TEAM AND RAPID CITY PARKS & RECREATION TO MAKE OUR SHARED VISION OF PERMANENT, REGULATION-SIZED BOCCE BALL COURTS A REALITY. BOCCE BALL HAS BECOME A VERY POPULAR SPORT WITH SPECIAL OLYMPICS AND IS GROWING QUICKLY WITH ALL POPULATIONS IN THE UNITED STATES. WE HAVE WORKED WITH ONE OF THE ONLY BOCCE BALL COURT BUILDERS IN THE U.S. TO DESIGN AND PLAN OUR BOCCE COURT. IT WILL CONSIST OF TWELVE BOCCE COURTS, WHICH ARE 12 FEET BY 60 FEET EACH. THE RAPID CITY FLAME SPECIAL OLYMPICS TEAM LEADERS HAVE WORKED CLOSELY WITH RAPID CITY PARKS TO IDENTIFY THE BEST LOCATION FOR THE COURTS. THE CITY OF RAPID CITY HAS BEEN VERY SUPPORTIVE OF THIS PROJECT THROUGHOUT AND IS EXCITED TO BRING BOCCE BALL TO ITS CITIZENS. | $100,000 |
CARROLL COUNTY CONSERVATION BOARD PURPOSE: THIS PROJECT INVOLVES RESURFACING 6.2 MILES OF THE SAUK RAIL TRAIL FROM SWAN LAKE UP TO MAPLE RIVER. THE SAUK RAIL TRAIL IS A 33 MILE MULTI-USE TRAIL THAT RUNS FROM SWAN LAKE STATE PARK NEAR CARROLL TO BLACK HAWK STATE PARK IN LAKE VIEW. IT IS THE ONLY TRAIL SYSTEM IN THE STATE OF IOWA THAT CONNECTS TWO STATE PARKS. WHEN THE TRAIL WAS ORIGINALLY CONSTRUCTED IN THE 1980S AND EARLY 1990S, THE LOOP AROUND SWAN LAKE AND THEN UP TO MAPLE RIVER WAS BUILT USING ASPHALT. THE SECTION FROM MAPLE RIVER NORTH WAS JUST CRUSHED LIMESTONE ORIGINALLY. IN 2007/2008, THE 11 MILE SECTION FROM MAPLE RIVER TO CARNARVON WAS PAVED TO CONCRETE. IN 2015, THE 3.8 MILE LOOP AROUND SWAN LAKE WAS RESURFACED TO CONCRETE. THE REMAINING 6.2 MILES BETWEEN SWAN LAKE AND MAPLE RIVER IS STILL THE ORIGINAL ASPHALT TRAIL. THIS PROJECT WOULD INVOLVE RESURFACING THIS SEGMENT OF TRAIL WITH A NEW CONCRETE SURFACE. ONCE COMPLETE, THE ENTIRE 33 MILE SAUK RAIL TRAIL WILL BE CONCRETE. | $100,000 |
CASEY SERVICE CLUB INC PURPOSE: THE CASEY SERVICE CLUB IS SEEKING FUNDING TO ASSIST WITH THE INSTALLATION OF A HANDICAPPED ACCESSIBLE, PAVED RECREATIONAL WALKING/BIKING PATH TO FOLLOW LOOSELY AROUND THE PERIMETER OF THE CITY'S ABRAM RUTT PARK. THE PROPOSED PATH WILL BE APPROXIMATELY .4 MILES LONG AND 6 FEET WIDE. ONCE COMPLETE, THE PROJECT WILL SHOWCASE THE PARK'S GENTLE ROLLING HILLS, WHICH WILL ADD TO THE AESTHETICS OF THE SPACE AND ULTIMATELY ATTRACT MORE VISITORS TO THE COMMUNITY. THE PROJECT WILL INCLUDE GRADING OF THE PARK TO PROTECT THE PATH FROM FLOODING DURING PERIODS OF HEAVY RAIN, WILL FEATURE CONCRETE BENCHES AT STRATEGIC LOCATIONS ALONG THE TRAIL, AND WILL SERVE AS A CATALYST FOR FUTURE IMPROVEMENTS IN THE PARK. | $100,000 |
CITY OF BROOKINGS PURPOSE: THE GOAL OF THIS PROJECT IS TO BUILD AN EIGHT COURT PICKLEBALL COMPLEX IN HILLCREST PARK IN BROOKINGS. THE COMPLEX WILL PROVIDE LIGHTING, FENCING WITH GATE ACCESS, WIND SCREENS, AND PICKLEBALL POST-NET SYSTEMS FOR ALL EIGHT COURTS. ADDITIONAL AMENITIES INCLUDE AN ACCESSIBLE PATH, A SHELTER, AND A DRINKING FOUNTAIN. | $75,000 |
CITY OF BURLINGTON PURPOSE: THE DANKWARDT PARK PLAYGROUND PROJECT WILL REPLACE THE EXISTING OUTDATED AND DETERIORATING PLAYGROUND WITH A NEW, ACCESSIBLE AND INCLUSIVE LARGE-SCALE PLAYGROUND THAT WILL PROVIDE SAFE, FUN AND CHALLENGING PLAY FOR ALL AGES AND ABILITIES. IN ADDITION TO THE NEW PLAYGROUND AND PLAY ELEMENTS, THE ENTIRE SITE WILL BE UPGRADED WITH NEW ACCESSIBLE PARKING, SIDEWALK CONNECTIONS AROUND THE SITE AND TO A RECENTLY REFURBISHED RESTROOM, SEATING, LIGHTING, BIKE RACKS, DRINKING FOUNTAINS, LANDSCAPING, AND INTERPRETIVE SIGNAGE. | $100,000 |