Wellness House Foundation Inc
- Assets
- $11.3m
- Revenue
- $442.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Hinsdale, IL
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 36-4418434
Organization Overview
Wellness House Foundation Inc is located in Hinsdale, IL. The organization was established in 2001. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellness House 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 06/2022, Wellness House Foundation Inc generated $442.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $657.4k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT TO WELLNESS HOUSE, A NON-FOR-PROFIT ORGANIZATION WHICH ENCOURAGES, EDUCATES AND EMOTIONALLY SUPPORTS PEOPLE WORKING TO OVERCOME THE EFFECTS OF CANCER IN THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING ORGANIZATION TO WELLNESS HOUSE, INC., AN ILLINOIS NOT-FOR-PROFIT ORGANIZATION LOCATED IN HINSDALE, IL. WELLNESS HOUSE ENCOURAGES, EDUCATES, AND EMOTIONALLY SUPPORTS PEOPLE WORKING TO OVERCOME THE EFFECTS OF CANCER IN THEIR LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick George President | OfficerTrustee | 2 | $0 |
Blair Haarlow Secretary | OfficerTrustee | 2 | $0 |
Jim Mcmahon Treasurer | OfficerTrustee | 2 | $0 |
Gaye E Preston Director Of Finance & Oper | Officer | 4 | $0 |
Lisa Kolavennu Executive Director | Officer | 10 | $0 |
Tom Lee Director | Trustee | 2 | $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 | $75,902 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,902 |
| Total Program Service Revenue | $0 |
| Investment income | $218,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $147,901 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $442,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $573,517 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,783 |
| 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 | $0 |
| Insurance | $1,944 |
| All other expenses | $26 |
| Total functional expenses | $657,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $736,337 |
| 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 | $1,466 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,567,061 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,304,864 |
| Accounts payable and accrued expenses | $1,626 |
| 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 | $1,626 |
| Net assets without donor restrictions | $4,449,721 |
| Net assets with donor restrictions | $6,853,517 |
| 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 | $11,304,864 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wellness House Foundation Inc has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $150 |
Endowment Analysis
| Beg. Balance | $13,335,708 |
| Earnings | -$1,523,740 |
| Net Contributions | $75,902 |
| Other Expense | $11,115 |
| Grants | $573,517 |
| Ending Balance | $11,303,238 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Pediatric Associates Inc Indianapolis, IN | $25,897,136 | $100,827,780 |
Families Of Sma Elk Grove Village, IL | $11,297,459 | $15,022,219 |
Nlw Inc Indianapolis, IN | $24,354,480 | $8,208,239 |
Luther Manor Foundation Inc Wauwatosa, WI | $20,836,145 | $2,234,956 |
St Jude Runners Association Peoria, IL | $1,016,895 | $3,093,086 |
Indiana Institute For Global Health Inc Indianapolis, IN | $1,014,880 | $938,036 |
Womens Dermatologic Society Milwaukee, WI | $2,777,395 | $911,169 |
Wellness House Foundation Inc Hinsdale, IL | $11,304,864 | $442,180 |
American Association Of Clinical Urologists Inc Mamco East Dundee, IL | $698,159 | $469,027 |
Friends Of The Epilepsy Foundation Of Greater Chicago Chicago, IL | $42,031 | $369,536 |
In Cure Of Ms Carmel, IN | $84,916 | $348,988 |
Iowa Public Health Association Foundation West Des Moines, IA | $339,389 | $368,581 |