Lillian S Wells Foundation Inc
- Assets
- $31.4m
- Revenue
- $2.9m
- Investments
- $28.5m
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 06/1975
- Data as of
- 12/2022
- EIN
- 23-7433827
Organization Overview
Lillian S Wells Foundation Inc is located in Fort Lauderdale, FL. The organization was established in 1975. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lillian S Wells Foundation 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 12/2022, Lillian S Wells Foundation Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lillian S Wells Foundation Inc has awarded 33 individual grants totaling $9,532,500. 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 |
|---|---|---|---|
Barbara S Wells President, Director | 1 | $0 | |
Ellen Mcpherson Director, Assit Treasurer | 1 | $0 | |
James I Ulmer Director, Vp, | 1 | $0 | |
Walter W Bell Secretary | 1 | $0 | |
Michael Weymouth Treasurer, Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $94,610 |
| Dividends & Interest | $593,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,172,043 |
| Capital Gain Net Income | $2,172,043 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,709 |
| Total Revenue | $2,862,009 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $116,417 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $361 |
| Total operating and administrative expenses | $355,253 |
| Contributions, gifts, grants paid | $3,060,000 |
| Total expenses and disbursements | $3,415,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,890,822 |
| 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 | $2,890,968 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $27,820 |
| Total assets | $31,405,100 |
| 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, Lillian S Wells Foundation Inc has awarded $3,060,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ANN & ROBERT H LURIE CHILDREN'S HOSPITAL OF CHICAGO PURPOSE: LAUREN D. HOLINGER, MD PROFESSORSHIP IN PEDIATRIC OTOLARYNGOLOGY | $250,000 |
BROWARD PERFORMING ARTS FOUNDATION PURPOSE: CAMPAIGN FOR PARKER PLAYHOUSE | $500,000 |
HERITAGE FOUNDATION PURPOSE: FOR HEALTH POLICY STUDIES | $500,000 |
INTERCOLLEGIATE STUDIES INSTITUTE INC PURPOSE: HONORS PROGRAM | $100,000 |
JAMES MADISON INSTITUTE PURPOSE: CIVICS EDUCATIONS STUDIES | $100,000 |
JUNIOR ACHIEVEMENT OF SOUTH FLORIDA PURPOSE: GENERAL PURPOSES | $500,000 |