Welcomed Inc
- Assets
- $62.7k
- Revenue
- $35.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Wild Rose, WI
- Founding
- 04/2018
- Data as of
- 06/2022
- EIN
- 82-1482081
Organization Overview
Welcomed Inc is located in Wild Rose, WI. The organization was established in 2018. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Welcomed Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Welcomed 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 06/2022, Welcomed Inc generated $35.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (29.2%) each year. All expenses for the organization totaled $91.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE FOSTER FAMILY SUPPORT MINISTRIES IN INDIVIDUAL CHURCHES AND ENGAGE THESE CHURCHES IN A FOSTER CARE MINISTRY NETWORK
Describe the Organization's Program Activity:
Part 3 - Line 4a
WELCOMED SERVES CHURCHES THROUGHOUT WISCONSIN BY HELPING THEM ESTABLISH CARE COMMUNITIES OF VOLUNTEERS TO SURROUND FOSTER AND ADOPTIVE FAMILIES AND CHILDREN. WELCOMED ENGAGED, TRAINED, SUPPORTED, AND NETWORKED CHURCHES AT THE LOCAL LEVEL AS THEY ESTABLISHED AND MAINTAINED THESE CARE COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Williams President | OfficerTrustee | 30 | $40,500 |
Scott Kingston Treasurer | OfficerTrustee | 1 | $1,050 |
Pastor Alyson Janke Secretary | OfficerTrustee | 0.1 | $0 |
Corey Zeller Director | Trustee | 0.1 | $0 |
Emma Lehman Director | Trustee | 0.1 | $0 |
Jennifer Cosgrove Director | Trustee | 0.1 | $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 | $35,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,318 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| 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 | $35,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,235 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $41,550 |
| Compensation of current officers, directors, key employees. | $4,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,627 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,571 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,403 |
| Office expenses | $2,384 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $563 |
| Interest | $2,430 |
| Payments to affiliates | $3,509 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,845 |
| All other expenses | $0 |
| Total functional expenses | $91,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,707 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,707 |
| Accounts payable and accrued expenses | $116 |
| 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 | $116 |
| Net assets without donor restrictions | $62,591 |
| 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 | $62,707 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Welcomed Inc has recieved totaling $14.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spero Family Services Mount Vernon, IL | $7,180,018 | $13,404,846 |
Spaulding For Children Southfield, MI | $7,623,371 | $10,216,119 |
Anu Family Services Inc Hudson, WI | $1,968,643 | $4,725,579 |
Greater Minneapolis Crisis Nursery Minneapolis, MN | $4,153,796 | $4,106,598 |
Family Alternatives Inc Minneapolis, MN | $1,435,944 | $3,112,949 |
House Of Providence Oxford, MI | $4,144,149 | $3,471,318 |
Evangelical Child & Family Agency Wheaton, IL | $2,719,927 | $2,720,206 |
American Indian Family & Children Services Inc St Paul, MN | $1,461,147 | $2,133,103 |
Fostering Futures Ann Arbor, MI | $376,659 | $1,562,976 |
Pinehaven Youth And Family Services Inc Brainerd, MN | $571,991 | $818,962 |
Servant Manor Inc Milwaukee, WI | $114,593 | $973,690 |
Pillar & Vine Inc Brandon, WI | $1,031,658 | $969,282 |