Wells Family Foundation
- Assets
- $2.2k
- Revenue
- $71.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgeland, MS
- Founding
- Data as of
- 12/2023
- EIN
- 88-3206261
Organization Overview
Wells Family Foundation is located in Ridgeland, MS. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wells Family 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 12/2023, Wells Family Foundation generated $71.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $71.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Wells Family Foundation has awarded 18 individual grants totaling $147,076. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Patrick Wells President | 1 | $0 | |
Sally Wells Byram Vice-President | 0 | $0 | |
Anna Wells Cowles Vice-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $71,632 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,632 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $72 |
| Total operating and administrative expenses | $672 |
| Contributions, gifts, grants paid | $71,176 |
| Total expenses and disbursements | $71,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,150 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,150 |
| 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, Wells Family Foundation has awarded $71,176 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ANGEL FLIGHT SOUTH CENTRAL PURPOSE: THE CONTRIBUTION WAS MADE TO ASSIST IN THE ORGANIZATIONS MISSION TO HELP PEOPLE IN NEED OF FREE AIR TRANSPORTATION FOR MEDICAL AND HUMANITARIAN PURPOSES. | $3,000 |
BOYS AND GIRLS CLUBS OF AMERICA PURPOSE: THE CONTRIBUTION WAS MADE TO ASSIST THE ORGANIZATION IN PROVIDING SAFER CHILDHOODS, LIFE-ENHANCING PROGRAMS AND CARING MENTORS TO KIDS IN NEED. | $1,000 |
CENTURY CLUB CHARITIES PURPOSE: THE CONTRIBUTION WAS MADE TO ASSIST THE ORGANIZATION IN SUPPORTING THE SANDERSON FARMS GOLF. | $8,850 |
FRIENDS OF CHILDREN'S HOSPITAL PURPOSE: THE CONTRIBUTION WAS MADE TO ASSIST THE ORGANIZATION IN ITS MISSION OF OPERATING A HOSPITAL THAT IS DEDICATED SOLELY TO CARING FOR KIDS. | $1,500 |
HOGS FOR THE CAUSE PURPOSE: THE CONTRIBUTION WAS MADE TO ASSIST THE ORGANIZATION IN THEIR MISSION FOR SUPPORTING FAMILES FIGHTING PEDIATRIC BRAIN CANCER | $5,000 |
MAGNOLIA SPEECH SCHOOL PURPOSE: THE CONTRIBUTION WAS MADE TO ASSIST THE ORGANIZATION IN SUPPORT OF CREATING A VIBRANT COMMUNITY FOR LANGUAGE AND HEARING CHALLENGED CHILDREN AND THEIR FAMILIES. | $7,500 |