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Wells Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$356k (2024)

Expenses
$426k (2024)

Total Assets
$6.01M (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$356,226
Expenses
$426,344
Net Income
-$70,118
Net Assets
$6,011,858
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $268,094
75.3%
Dividends $8,601
2.4%
Sales of Assets $79,531
22.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $417,801
98.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,011,858
Total Liabilities $0
Net Assets $6,011,858
Compensation
Key Employees and Officers Compensation Other
Ann Wells (Director) $0 $0
Darrell Wells (Director) $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$182,258
Expenses
$311,143
Net Income
-$128,885
Net Assets
$6,080,886
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $175,226
96.1%
Dividends $7,634
4.2%
Sales of Assets -$602
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $301,600
96.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,080,886
Total Liabilities $0
Net Assets $6,080,886
Compensation
Key Employees and Officers Compensation Other
Ann Wells (Director) $0 $0
Darrell Wells (Director) $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,014,436
Expenses
$269,442
Net Income
$744,994
Net Assets
$6,196,448
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
98.6%
Interest Revenue $4,445
0.4%
Dividends $9,939
1.0%
Sales of Assets $0
Other Income $52
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $226,500
84.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $6,196,448
Total Liabilities $0
Net Assets $6,196,448
Compensation
Key Employees and Officers Compensation Other
Ann Wells (Director) $0 $0
Darrell Wells (Director) $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,141,462
Expenses
$207,584
Net Income
$1,933,878
Net Assets
$5,130,852
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,408
0.1%
Dividends $17,635
0.8%
Sales of Assets $2,122,419
99.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $177,050
85.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,130,853
Total Liabilities $1
Net Assets $5,130,852
Compensation
Key Employees and Officers Compensation Other
Ann Wells (Director) $0 $0
Darrell Wells (Director) $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$642,959
Expenses
$137,071
Net Income
$505,888
Net Assets
$2,785,514
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,632
0.4%
Dividends $23,995
3.7%
Sales of Assets $616,332
95.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $104,294
76.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,785,514
Total Liabilities $0
Net Assets $2,785,514

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$407,855
Expenses
$131,474
Net Income
$276,381
Net Assets
$1,911,161
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,794
0.9%
Dividends $21,606
5.3%
Sales of Assets $388,081
95.2%
Other Income -$5,626
Notable Expenses Percent of Total Expenses
Charitable Disbursements $116,700
88.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,911,161
Total Liabilities $0
Net Assets $1,911,161

Document Links

Fiscal Year Ending June
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,237
Expenses
$149,306
Net Income
-$139,069
Net Assets
$1,829,069
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $110
1.1%
Dividends $9,894
96.6%
Sales of Assets $0
Other Income $3,197
31.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $110,050
73.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,829,069
Total Liabilities $0
Net Assets $1,829,069

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$40,308
Expenses
$185,534
Net Income
-$145,226
Net Assets
$1,936,853
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $150
0.4%
Dividends $8,198
20.3%
Sales of Assets $31,960
79.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $164,950
88.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,936,853
Total Liabilities $0
Net Assets $1,936,853

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$168,626
Expenses
$236,210
Net Income
-$67,584
Net Assets
$2,083,753
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $157
0.1%
Dividends $9,550
5.7%
Sales of Assets $158,919
94.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $188,200
79.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,083,753
Total Liabilities $0
Net Assets $2,083,753

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$16,597
Expenses
$117,780
Net Income
-$134,377
Net Assets
$2,184,851
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $594
Dividends $16,588
Sales of Assets $0
Other Income $10,046
Notable Expenses Percent of Total Expenses
Charitable Disbursements $115,100
97.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,184,851
Total Liabilities $0
Net Assets $2,184,851

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$33,265
Expenses
$117,137
Net Income
-$83,872
Net Assets
$2,256,379
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,093
3.3%
Dividends $10,594
31.8%
Sales of Assets $21,578
64.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $110,700
94.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,256,379
Total Liabilities $0
Net Assets $2,256,379

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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