Wells Academy Inc
- Assets
- $194.0k
- Revenue
- $121.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Bemidji, MN
- Founding
- 05/2006
- Data as of
- 12/2021
- EIN
- 20-3579589
Organization Overview
Wells Academy Inc is located in Bemidji, MN. The organization was established in 2006. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wells Academy Inc 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 12/2021, Wells Academy Inc generated $121.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $149.7k during the year ending 12/2021. While expenses have increased by 17.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WELLS ACADEMY IS A NON-PROFIT APPRENTICE TRAINING PROGRAM THAT USES MODERN EQUIPMENT, EFFECTIVE INSTRUCTION, AND REVELANT CURRICULUM TO PROVIDE TECHNICAL KNOWLEDGE AND RESPONSIBLE LIFE SKILLS FOR SELF-SUPPORTING INDUSTRIAL JOBS FOR ECONOMICALLY DISADVANTAGED NATIVE AMERICANS WHILE RESPECTING THEIR CULTURAL VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURPOSE OF WELLS ACADEMY IS TO PROVIDE ONE YEAR OF INTENSE TRAINING IN INDUSTRIAL SKILLS AND KNOWLEDGE SO STUDENTS CAN LEARN JOB SKILLS WHICH WILL LEAD TO SELF-SUPPORTING EMPLOYMENT FOR NATIVE AMERICAN PEOPLE WHO HAVE NOT BEEN SUCCESSFUL IN THE PUBLIC EDUCATION SYSTEM OR IN OBTAINING EMPLOYMENT. IN ADDITION TO JOB SKILLS, STUDENTS ALSO LEARN RESPONSIBLE LIVING SKILLS SUCH AS DEPENDABLE ATTENDANCE, WORK ATTITUDES, RESPECT, AND COOPERATION WHICH HELP THEM MAKE THE TRANSITION FROM THEIR TRADITIONAL LIFE TO A SUCCESSFUL MODERN INDUSTRIAL LIFE WITH EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew J Wells III Director | Trustee | 5 | $0 |
Kristi Wells Secretary | Officer | 1 | $0 |
Paul Welle Director | Trustee | 1 | $0 |
Blaine Ginther Director | Trustee | 1 | $0 |
Donnalee Papenfuss Director | Trustee | 1 | $0 |
Terry Brown Director | Trustee | 1 | $0 |
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 | $109,145 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,145 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,631 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $121,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $113,001 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $30,618 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $149,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,438 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $76,543 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $193,981 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $193,981 |
| 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 | $193,981 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wells Academy Inc has recieved totaling $15,256.
| Awarding Organization | Amount |
|---|---|
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $14,251 |
Sampson Family Foundation Hector, MN PURPOSE: GENERAL OPERATIONS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imagine The Possibilities Inc Maquoketa, IA | $31,709,924 | $54,097,733 |
Pierce-Pepin Cooperative Services Ellsworth, WI | $45,602,496 | $18,833,383 |
Employ Milwaukee Inc Milwaukee, WI | $5,350,025 | $18,087,018 |
Pride Inc Bismarck, ND | $17,980,113 | $16,517,398 |
Wisconsin Operating Engineers Skill Improvement And Apprenticeship Fun Pewaukee, WI | $22,671,605 | $11,410,505 |
Iuoe & Assoc General Contractors Of Mn Apprentship & Training Program Hinckley, MN | $26,199,271 | $8,702,467 |
North Iowa Vocational Center Inc Mason City, IA | $4,774,604 | $7,439,671 |
Workforce Resource Inc Menomonie, WI | $4,994,256 | $7,342,513 |
Jobs Foundation St Paul, MN | $6,034,755 | $5,068,369 |
Steamfitters Training School Inc Milwaukee, WI | $2,346,768 | $4,646,602 |
Minneapolis Electrical Joint Apprenticeship & Training Tr Fund St Michael, MN | $7,123,310 | $3,993,532 |
Bay Area Workforce Development Board Inc Green Bay, WI | $475,372 | $3,248,065 |