Fundamental Wellbeing Foundation
- Assets
- $14.4m
- Revenue
- $12.8m
- Investments
- $252.3k
- Employees
- 0
- Location
- Jackson, WY
- Founding
- Data as of
- 05/2024
- EIN
- 88-2425515
Organization Overview
Fundamental Wellbeing Foundation is located in Jackson, WY. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fundamental Wellbeing 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 05/2024, Fundamental Wellbeing Foundation generated $12.8m in total revenue. All expenses for the organization totaled $569.4k during the year ending 05/2024. While expenses have increased by 37.0% per year over the past 2 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - PROVIDED SCHOLARSHIPS
SCHOLARSHIP DONATIONS - SCHOLARSHIP DONATIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Pennington CEO | 40 | $97,500 | |
Janet Pennington Director | 0 | $0 | |
Joseph Siegmann Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,553,611 |
| Interest on Savings | $23,277 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,261,351 |
| Capital Gain Net Income | $1,261,351 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,838,239 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $97,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,589 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $18,337 |
| Printing and publications | $0 |
| Other expenses | $97,481 |
| Total operating and administrative expenses | $272,906 |
| Contributions, gifts, grants paid | $296,500 |
| Total expenses and disbursements | $569,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,438 |
| Savings and temporary cash investments | $104,692 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $252,261 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,000,000 |
| Total assets | $14,387,391 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fundamental Wellbeing Foundation has awarded $296,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CA INSTITUTE OF HUMAN SCIENCE PURPOSE: SCHOLARSHIPS | $20,000 |
CA INSTITUTE OF INTEGRAL STUDIES PURPOSE: SCHOLARSHIPS | $1,500 |
APEIRON LLC PURPOSE: SCHOLARSHIPS | $275,000 |