Wellik Foundation
- Assets
- $28.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 07/1999
- Data as of
- 03/2022
- EIN
- 86-0938555
Organization Overview
Wellik Foundation is located in Phoenix, AZ. The organization was established in 1999. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellik 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 03/2022, Wellik Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $826.9k during the year ending 03/2022. While expenses have increased by 3.3% per year over the past 7 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 2015, Wellik Foundation has awarded 87 individual grants totaling $6,084,321. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE ARIZONA COMMUNITY FOUNDATION, AN AZ NONPROFIT CORPORATION, SO LONG AS ARIZONA COMMUNITY FOUNDATOIN REMAINS A QUALIFIED ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS SUPPORTING PROGRAM SERVICES CARRIED ON BY THE ORGANIZATION IN THE WICKENBURG AREA. SEE SCHEDULE I, PART II FOR MORE INFORMATION.
PROGRAM EXPENSES PAID TO CHARITABLE ORGANIZATIONS IN SUPPORT OF THE PURPOSES OF THE ARIZONA COMMUNITY FOUNDATION, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Mcguire Chairperson | OfficerTrustee | 2 | $0 |
Alvin Hancock Vice Chair | OfficerTrustee | 1 | $0 |
Kyla Quintero Secretary/treasurer | OfficerTrustee | 1 | $0 |
Steven G Seleznow President | Officer | 1 | $0 |
William Green Director | Trustee | 1 | $0 |
Janette Bryant Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Custom Gabion Design Llc Custom Landscaping Work | 3/30/20 | $141,830 |
Arizona Community Foundation Management Fees | 3/30/20 | $250,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $473,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $873,401 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,346,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $507,285 |
| 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 | $250,000 |
| Fees for services: Legal | $4,241 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,009 |
| Fees for services: Other | $5,200 |
| Advertising and promotion | $1,186 |
| Office expenses | $2,539 |
| 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 | $2,830 |
| All other expenses | $0 |
| Total functional expenses | $826,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,787 |
| 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 | $4,958,742 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $708 |
| Net Land, buildings, and equipment | $7,885,000 |
| Investments—publicly traded securities | $16,006,737 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,861,974 |
| Accounts payable and accrued expenses | $162 |
| Grants payable | $100,125 |
| 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 | $100,287 |
| Net assets without donor restrictions | $28,761,687 |
| 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 | $28,861,974 |
Grants Awarded
Over the last fiscal year, Wellik Foundation has awarded $502,285 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Wickenburg, AZ PURPOSE: STRATEGIC IMPACT PHASE IV | $117,200 |
Phoenix, AZ PURPOSE: WICKENBURG COMMUNITY CENTER FSL NUTRITION AND FREEDOM EXPRESS PROGRAMS AND CASA DEL SOL SUBDIVISION (WORKFORCE HOUSING) | $110,000 |
Wickenburg, AZ PURPOSE: CHAMBER REBOOT IN 2022 | $102,050 |
Wickenburg, AZ PURPOSE: "MADE IN WICKENBURG" ARTIST RESIDENCY 2021-2022 AND CAMP IMAGINATION 2021 | $45,000 |
Phoenix, AZ PURPOSE: SCHOLARSHIP FUNDING | $32,000 |
Wickenburg, AZ PURPOSE: WICKENBURG HIGH SCHOOL SPRING MUSICAL 2022 AND WICKENBURG HIGH SCHOOL BAND PROGRAM ENHANCEMENTS | $24,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Scan Foundation Long Beach, CA | $251,069,671 | $11,732,897 |
Scan Group Long Beach, CA | $329,187,465 | $17,231,312 |
Latino Community Foundation San Francisco, CA | $24,983,949 | $19,515,663 |
Tca Building Corporation Colorado Springs, CO | $64,831,208 | $10,203,018 |
Visions Global Development Irvine, CA | $26,663 | $3,381,380 |
Direct Relief Foundation Santa Barbara, CA | $77,237,327 | $23,596,905 |
Providence Trinitycare Hospice Foundation Torrance, CA | $15,729,740 | $2,314,489 |
Up Valley Family Centers Of Napa County St Helena, CA | $4,974,617 | $4,153,607 |
Housing With Heart Inc Irvine, CA | $938,916 | $3,376,969 |
Del Harbor Foundation Torrance, CA | $30,905,773 | $3,867,350 |
Friends Of My Family Riverside, CA | $1,696,847 | -$100,887 |
Hawaii Leadership Forum Los Gatos, CA | $1,629,789 | $2,394,054 |