Wells Trust Fund
- Assets
- $568.0k
- Revenue
- $84.2k
- Investments
- $331.8k
- Employees
- 0
- Location
- Paris, IL
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 37-6115126
Organization Overview
Wells Trust Fund is located in Paris, IL. The organization was established in 0000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Wells Trust Fund 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, Wells Trust Fund generated $84.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $95.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wells Trust Fund has awarded 101 individual grants totaling $631,545. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP GRANT MAKING - 8 SCHOLARSHIPS ADMINISTERED
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $162 |
| Dividends & Interest | $6,518 |
| Net Rental Income | $59,903 |
| Net Gain on Sale of Assets | $2,406 |
| Capital Gain Net Income | $2,406 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $84,230 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,661 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,565 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,256 |
| Total operating and administrative expenses | $23,832 |
| Contributions, gifts, grants paid | $72,000 |
| Total expenses and disbursements | $95,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153 |
| Savings and temporary cash investments | $82,542 |
| 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 | $0 |
| Net Land, buildings, and equipment | $153,445 |
| Other assets | $0 |
| Total assets | $567,967 |
| 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, Wells Trust Fund has awarded $72,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKLYN WESTERFIELD PURPOSE: SCHOLARSHIP | $9,000 |
BRAYLON NUGENT PURPOSE: SCHOLARSHIP | $12,000 |
OLIVIA THEIRL PURPOSE: SCHOLARSHIP | $9,000 |
COOPER BLOCK PURPOSE: SCHOLARSHIP | $8,000 |
MARY MITCHELL PURPOSE: SCHOLARSHIP | $8,000 |
GWEN MORRIS PURPOSE: SCHOLARSHIP | $3,800 |