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 12/2021, Wellmark Foundation generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 52.5% each year . All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 4 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 2021, Wellmark Foundation has awarded 54 individual grants totaling $3,934,034. 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
NONE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Chris G Atchison Director | 0 | $0 | |
Thomas M Cink MD Director | 0 | $0 | |
Sheila Riggs Director | 0 | $0 | |
Cory R Harris Chairperson | 0 | $0 | |
Tom M Mcmahon Director | 0 | $0 | |
Izaah Knox Director | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $1,249,349 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $527,111 |
Capital Gain Net Income | $527,111 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $5,164,923 |
Total Revenue | $6,941,383 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $65,000 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $440,659 |
Total operating and administrative expenses | $505,659 |
Contributions, gifts, grants paid | $4,021,086 |
Total expenses and disbursements | $4,526,745 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
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 | $84,586,443 |
Net Land, buildings, and equipment | $0 |
Other assets | $25,187 |
Total assets | $84,611,630 |
Accounts payable and accrued expenses | $0 |
Grants payable | $234,389 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $434,703 |
Total liabilities | $669,092 |
Over the last fiscal year, The Wellmark Foundation has awarded $3,934,034 in support to 54 organizations.
Grant Recipient | Amount |
---|---|
BLUES CARE GIVING CONTRIBUTIONS PURPOSE: SEE ATTACHMENT 2 | $1,413,890 |
URBAN DREAMS PURPOSE: DONATION FOR THE URBAN DREAMS COMMUNITY CENTER. | $250,000 |
CITY OF ALGONA PURPOSE: THE CENTRAL PARK REDEVELOPMENT PROJECT WILL BREATHE NEW LIFE INTO THE CITY'S MOST PROMINENT AND ACCESSIBLE PARK. 20 YEARS AGO, THE CITY AND COMMUNITY GROUPS MADE MAJOR INVESTMENTS IN CENTRAL PARK BY REMOVING AGING AND NO LONGER SAFE EQUIPMENT AND CONSTRUCTING TWO BASKETBALL COURTS AND A SKATE PARK. CENTRAL PARK'S SKATE PARK AND BASKETBALL COURTS WERE BUILT OVER OLD TENNIS COURTS WITH ASPHALT OVERLAYS. OVER THE PAST 20 YEARS, THE BASE HAS DETERIORATED CREATING UNEVEN SURFACE, CRACKS AND LIPS WHICH ARE DETRIMENTAL TO USE OF THE FACILITIES AND DISCOURAGE USE. THE FOCUS ON THE CENTRAL PARK REDEVELOPMENT PROJECT WILL BE: RECONSTRUCTION OF SKATE CENTRAL AND BASKETBALL COURTS; NEW SIDEWALKS AND FENCING AND LIGHTING IMPROVEMENTS. THESE IMPROVEMENTS WILL CREATE A MODERN, SAFER PARK WITH A MORE USER FRIENDLY SKATE PARK AND BASKETBALL COURT THEREBY ENCOURAGING OUTDOOR ACTIVITY. | $100,000 |
6TH AVE CORR URBAN NEIGHBORHOOD MAIN ST PROGRAM PURPOSE: 6TH AVENUE CORRIDOR STREETSCAPE PROJECT IS TRANSFORMING THE BUILT ENVIRONMENT OF 6TH AVE IN DES MOINES USING MULTIPLE COMPLETE STREETS PRINCIPLES (REDUCED TRAFFIC LANES, A MULTI-USE PATH WITH DEDICATED SPACE FOR BICYCLISTS, WIDENED SIDEWALKS, DEDICATED PARKING, GREEN INFRASTRUCTURE, PUBLIC ART, ETC.) ENCOURAGING ECONOMIC DEVELOPMENT, COMMUNITY WELLNESS, AND ENHANCED PRIDE OF PLACE. CONSTRUCTION OF PHASE I (DES MOINES RIVER TO COLLEGE AVENUE) WAS COMPLETED IN THE SUMMER OF '20. PRELIMINARY DEMOLITION FOR PHASE II (COLLEGE AVENUE THROUGH UNIVERSITY AVENUE) BEGAN IN THE FALL OF '20 AND THE MAJORITY OF CONSTRUCTION ACTIVITY WILL OCCUR IN '21. PHASE II IS ANTICIPATED TO BE COMPLETE BY DEC OF THIS YEAR. PHASE III (UNIVERSITY AVE SOUTH TO I-235) WILL COMPLETE THE PROJECT. THE ANTICIPATED TOTAL COST OF THE THREE-PHASE PROJECT IS $9 MILLION. | $100,000 |
CITY OF AUBURN PURPOSE: GRANT PARK TRAIL IS A 1.5 MILE LONG TRAIL THAT CONNECTS THE CITY OF AUBURN WITH A BEAUTIFUL COUNTY PARK ON THE NW SIDE OF THE CITY. THE PROJECT INCLUDES A LANDSCAPED AND COBBLESTONE TRAILHEAD AREA WITH 25' TALL STEEL TREE SCULPTURES, BENCHES, AND LIGHTING WITHIN A LARGE CIRCULAR PATTERNED PATHWAY. GRANT PARK TRAIL IS DESIGNED TO ENTERTAIN, INFORM AND MAKE PEOPLE MOVE. GRANT PARK TRAIL IS DESIGNED TO BE SO MUCH MORE THAN JUST A WALKING OR BIKING PATHWAY. WHEN TOTALLY COMPLETED GRANT PARK TRAIL WILL BE THE VENUE TO EXERCISE, LEARN, OBSERVE, APPRECIATE, AND WONDER. ALL OF THE THINGS THAT MAKE US HEALTHIER AND HAPPIER. THIS REQUEST IS FOR GRANT PARK TRAIL PHASE 2, THE BRIDGES PROJECT. PHASE 2 IS THE TRAIL SECTION THAT WILL ACTUALLY PROVIDE THE CONNECTION TO THE COUNTY PARK KNOWN AS GRANT PARK. THIS PORTION OF THE TRAIL HAS THE MUCH MORE RUGGED TERRAIN AND MEANDERS THROUGH WOODLAND AND OVER CREEKS THAT DRAIN INTO THE NORTH RACCOON RIVER. | $100,000 |
CITY OF CHARITON PURPOSE: THE CHARITON SPLASH PAD WAS STARTED WITH THE IDEA OF WHAT DOES CHARITON NEED BY OUR YOUTH LEADERSHIP GROUP SPLASH (A YOUTH LEADERSHIP ORGANIZATION THAT IS COMPRISED OF MIDDLE AND HIGH SCHOOL AGE STUDENTS IN THE CHARITON COMMUNITY SCHOOL DISTRICT). THE DESIGN IS THEMED WITH THE CHARITON WATER TOWER AND OLD BETSY, CHARITON'S FIRST FIRE TRUCK. WHILE THE DESIGN SHARES CHARITON'S COMMUNITY PRIDE AND HISTORY, IT ALSO WILL MEET A NEED THAT THE CITY IS WORKING DILIGENTLY ON PROVIDING MORE ADA ACCESSIBLE RECREATIONAL ACTIVITIES IN OUR COMMUNITY. WE KNOW THAT NOT ALL CHILDREN OR ADULTS CAN ENJOY THE CURRENT AQUATIC CENTER'S FEATURES DUE TO EITHER PHYSICAL OR MENTAL DISABILITIES. THE SPLASH PAD WILL BE WHEELCHAIR ACCESSIBLE. THE SPLASH PAD WILL BE ADJACENT TO THE AQUATIC CENTER, BUT OPEN NUMEROUS HOURS THROUGHOUT THE DAY AND EVENING FOR USE. | $100,000 |
Organization Name | Assets | Revenue |
---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |