Wishing Well Foundation
- Assets
- $324.3k
- Revenue
- $199.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Puyallup, WA
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 45-4004786
Organization Overview
Wishing Well Foundation is located in Puyallup, WA. The organization was established in 2012. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Wishing Well Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wishing Well 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 12/2023, Wishing Well Foundation generated $199.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $247.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CLOTHING, SUPPLIES AND EXPERIENCES UNAVAILABLE TO MOST FOSTER YOUTH AND TO RETAIN QUALITY FOSTER HOMES IN PIERCE COUNTY BY ADDRESSING FINANCIAL BARRIERS TO ACCEPTING FOSTER PLACEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE WISHING WELL FOUNDATION SERVED OVER 1,000 YOUTHS. FOSTER PARENTS/CAREGIVERS RECEIVED EDUCATION, SUPPORT AND REFERRALS TO COMMUNITY RESOURCES THAT ALLOWED THEM TO CONTINUING FOSTERING CHILDREN. WE ASSISTED 921 FOSTER YOUTHS SHOPPED FOR CLOTHING AT THE WW, 63 CHILDREN RECEIVED BEDS/DRESSERS, OR HOUSEHOLD ITEMS; 19 YOUTHS RECEIVED LAPTOPS, 31 YOUTHS WERE GRANTED LITTLE WISHES FUNDS FOR SPORTS, MUSIC, OR OTHER ENRICHMENT ACTIVITIES, 55 INFANTS RECEIVED HARD TO FIND FORMULA DURING THE SHORTAGE, 61 HIGH SCHOOL GRADUATES RECEIVED GRAD BASKETS AND GIFT CARDS,249 YOUTHS WERE PROVIDED WITH BACKPACKS, SCHOOL SUPPLIES, AND WINTER COATS. WW HOSTED 18 MONTHLY EVENTS FOR FOSTER YOUTH AND THEIR FAMILIES (RAINIERS GAME, HALLOWEEN DANCE, MOVIE NIGHT, ETC). WE ALSO HONORED SOCIAL WORKERS IN MARCH AND FOSTER PARENTS IN MAY WITH TREATS AND RECOGNITION FOR THEIR HARD WORK. WE PROVIDED YOUTH AGE 18-21 IN EFC (EXTENDED FOSTER CARE) WITH FINANCIAL SUPPORT TOTALING $26,265 TO ASSIST WITH RENT, CAR REPAIRS, WORK RELATED NEEDS (WORK BOOTS, SCRUBS, ETC) AND ASSISTED 4 YOUTH WITH GETTING A VEHICLE. PROVIDED TURKEY BASKETS TO 25 KINSHIP CAREGIVERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerri Nelson Board Member | Trustee | 2 | $0 |
Mart Mitchell President | OfficerTrustee | 5 | $0 |
Brent Thompson Treasurer | OfficerTrustee | 10 | $0 |
Leslie Campbell Secretary | OfficerTrustee | 4 | $0 |
Matt Johnson Board Member | Trustee | 2 | $0 |
Erika Thompson Executive Director | Officer | 40 | $50,000 |
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 | $182,779 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,779 |
| Total Program Service Revenue | $16,270 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,524 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,356 |
| Advertising and promotion | $0 |
| Office expenses | $3,739 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,760 |
| Travel | $3,131 |
| 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 | $3,577 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $247,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,362 |
| Savings and temporary cash investments | $297,332 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,577 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $324,271 |
| Accounts payable and accrued expenses | $2,591 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $2,591 |
| Net assets without donor restrictions | $321,680 |
| Net assets with donor restrictions | $0 |
| 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 | $324,271 |