Wesley Towers Foundation
- Assets
- $11.3m
- Revenue
- $582.1k
- Investments
- $51.9k
- Employees
- 0
- Location
- Hutchinson, KS
- Founding
- 01/1995
- Data as of
- 06/2021
- EIN
- 48-1084547
Organization Overview
Wesley Towers Foundation is located in Hutchinson, KS. The organization was established in 1995. 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. Wesley Towers 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 06/2021, Wesley Towers Foundation generated $582.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDING TO WESLEY TOWERS, INC., A 501(C)(3) RETIREMENT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE OPERATION OF PROGRAMS AND DEVELOPMENT OF FACILITIES OF WESLEY TOWERS, INC., AS WELL AS, PROVIDE EDUCATION SCHOLARSHIPS TO EMPLOYEES OF WESLEY TOWERS, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Withrow Chairperson | OfficerTrustee | 1 | $0 |
Nancy Scott Vice Chairperson | OfficerTrustee | 1 | $0 |
John Denney Treasurer | OfficerTrustee | 1 | $0 |
Ed Johnson Trustee | Trustee | 1 | $0 |
Steve Seltzer Ex Officio Trustee | Trustee | 1 | $0 |
Mark Mains President/ceo | Trustee | 1 | $0 |
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 | $67,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,575 |
| Total Program Service Revenue | $0 |
| Investment income | $164,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $349,579 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $582,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,394,996 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $54,963 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,449,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $131,382 |
| 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 | $0 |
| Investments—publicly traded securities | $10,666,280 |
| Investments—other securities | $51,877 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $491,942 |
| Total assets | $11,341,481 |
| Accounts payable and accrued expenses | $861 |
| Grants payable | $858,378 |
| 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 | $363,534 |
| Total liabilities | $1,222,773 |
| Net assets without donor restrictions | $3,419,435 |
| Net assets with donor restrictions | $6,699,273 |
| 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 | $11,341,481 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wesley Towers Foundation has recieved totaling $64.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $64 |
Endowment Analysis
| Beg. Balance | $169,166 |
| Ending Balance | $169,166 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Maccarthy Foundation St Louis, MO | $108,435,057 | $6,194,626 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
Mary K Chapman Foundation Tulsa, OK | $0 | $10,262,149 |
David C Butterfield And Alfonso D Rubio Memorial Foundation Aspen, CO | $229,390,732 | $219,209,286 |
Edward D Jones & Company Foundation St Louis, MO | $57,937,606 | $44,940,612 |
E L And Thelma Gaylord Foundation Oklahoma City, OK | $0 | $13,309,432 |