John H Wellons Foundation Inc
- Assets
- $22.6m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 79
- Location
- Dunn, NC
- Founding
- 10/1953
- Data as of
- 12/2021
- EIN
- 56-6061476
Organization Overview
John H Wellons Foundation Inc is located in Dunn, NC. The organization was established in 1953. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, John H Wellons Foundation Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John H Wellons Foundation Inc 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, John H Wellons Foundation Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE GIVING, STUDENT LOANS, ELDERLY HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELDERLY HOUSING - PROVIDE AND SUPPORT AVAILABILITY OF REDUCED RENTAL HOUSING FOR ELDERLY PERSONS (40 UNITS OPERATED, 21 PROJECTS SPONSORED IN OPERATION, SEVERAL IN DEVELOPMENT).
SCHOLARSHIP LOANS - PROVIDING LOW INTEREST LOANS TO WORTHY STUDENTS FOR EDUCATIONAL PURPOSES. NO NEW LOANS WERE ISSUED IN THE CURRENT YEAR.
THRIFT STORE - OPERATES A THRIFT STORE WHICH ACCEPTS, THEN SELLS, ITEMS CONTRIBUTED. PROCEEDS ARE USED TO ASSIST IN FINANCING OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea C Howard Director | Trustee | 0 | $0 |
Shirley P Godwin Secr./tr./director | Trustee | 0 | $0 |
John H Wellons Jr Pres./director | Trustee | 0 | $0 |
Gene T Jernigan Director | Trustee | 0 | $0 |
Lauren W White Asst. Sec/treas | Trustee | 0 | $0 |
Leigh Anna W Thompson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $335,028 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $335,028 |
| Total Program Service Revenue | $1,231,020 |
| Investment income | $184,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $146,394 |
| 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 | $3,828,400 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $592,516 |
| Pension plan accruals and contributions | $11,189 |
| Other employee benefits | $82,408 |
| Payroll taxes | $42,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,715 |
| Fees for services: Accounting | $5,100 |
| 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 | $48,280 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,029 |
| Travel | $48,346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,728 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,362 |
| Insurance | $18,696 |
| All other expenses | $0 |
| Total functional expenses | $1,112,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,271,173 |
| Savings and temporary cash investments | $1,048,839 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,168 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,834 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,929 |
| Net Land, buildings, and equipment | $1,772,429 |
| Investments—publicly traded securities | $9,137,529 |
| Investments—other securities | $0 |
| Investments—program-related | $2,048,764 |
| Intangible assets | $0 |
| Other assets | $201,686 |
| Total assets | $22,578,351 |
| Accounts payable and accrued expenses | $111,042 |
| 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 | $3,879 |
| Total liabilities | $114,921 |
| Net assets without donor restrictions | $22,463,430 |
| 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 | $22,578,351 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that John H Wellons Foundation Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |