Wells Family Charitable Foundation
- Assets
- $20.7m
- Revenue
- $6.5m
- Investments
- $14.5m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 11/1985
- Data as of
- 12/2023
- EIN
- 95-3982216
Organization Overview
Wells Family Charitable Foundation is located in Newport Beach, CA. The organization was established in 1985. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wells Family Charitable 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 Charitable Foundation generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 43.2% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wells Family Charitable Foundation has awarded 44 individual grants totaling $4,340,655. 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 |
|---|---|---|---|
Paul C Heeschen Secretary | 0 | $0 | |
Luanne C Wells President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,023,500 |
| Interest on Savings | $40,845 |
| Dividends & Interest | $297,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,671 |
| Capital Gain Net Income | $7,671 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $120,682 |
| Total Revenue | $6,489,939 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,921 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $942,598 |
| Total operating and administrative expenses | $1,005,175 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,005,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $81,938 |
| Net Accounts receivable | $4,563 |
| 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 | $1,991,821 |
| Net Land, buildings, and equipment | $6,023,500 |
| Other assets | $0 |
| Total assets | $20,651,534 |
| Accounts payable and accrued expenses | $2,023 |
| 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 | $2,023 |
Grants Awarded
Over the last fiscal year, Wells Family Charitable Foundation has awarded $67,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CALARTS PURPOSE: ARTS EDUCATION | $40,000 |
LIBRARY FOUNDATION OF LOS ANGELES PURPOSE: EDUCATION/COMMUNITY | $1,000 |
BHHS ALUMNI ASSOCIATION PURPOSE: EDUCATION | $500 |
LA PHILHARMONIC ASSOCATION PURPOSE: ARTS EDUCATION | $25,000 |
BIG SUR FIDDLE CAMP PURPOSE: ARTS EDUCATION | $1,000 |