Amy Wellness Foundation
- Assets
- $12.9m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Spruce Pine, NC
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 58-2172660
Organization Overview
Amy Wellness Foundation is located in Spruce Pine, NC. The organization was established in 1995. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Amy Wellness Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amy Wellness Foundation 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, Amy Wellness Foundation generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 61.7% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 15.4% 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.
Since 2020, Amy Wellness Foundation has awarded 38 individual grants totaling $2,245,450. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS FOR COMMUNITY SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING MANY PROGRAMS FROM THE PRIOR YEAR, THE ORGANIZATION PROVIDED AN ADDITIONAL 1,150,487 IN FINANCIAL SUPPORT TO VARIOUS COMMUNITY ORGANIZATIONS FOR OPERATIONAL AND CAPITAL NEEDS. SEE 990 SCHEDULE I FOR DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke Howe Executive Di | Officer | 40 | $159,620 |
John Blackburn Chair | OfficerTrustee | 1 | $0 |
Starli Mcdowell Vice Chair | OfficerTrustee | 1 | $0 |
Barbara Middleton Board Member | Trustee | 1 | $0 |
John Hartom Board Member | Trustee | 1 | $0 |
John Miller Board Member | 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 | $6,881,363 |
| Noncash contributions included in lines 1a–1f | $300,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,881,363 |
| Total Program Service Revenue | $0 |
| Investment income | $622,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$68,695 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,435,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,150,487 |
| 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. | $167,264 |
| Compensation of current officers, directors, key employees. | $41,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,660 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,142 |
| Payroll taxes | $20,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,787 |
| Fees for services: Accounting | $19,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,015 |
| Fees for services: Other | $17,856 |
| Advertising and promotion | $13,440 |
| Office expenses | $14,838 |
| Information technology | $20,221 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,208 |
| 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 | $874 |
| All other expenses | $0 |
| Total functional expenses | $1,617,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $743,180 |
| Savings and temporary cash investments | $72,555 |
| Pledges and grants receivable | $108,890 |
| Accounts receivable, net | $813 |
| 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 | $9,377 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,684,627 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300,000 |
| Total assets | $12,919,442 |
| Accounts payable and accrued expenses | $10,118 |
| 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 | $10,118 |
| Net assets without donor restrictions | $11,709,324 |
| Net assets with donor restrictions | $1,200,000 |
| 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 | $12,919,442 |
Grants Awarded
Over the last fiscal year, Amy Wellness Foundation has awarded $981,141 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Boone, NC PURPOSE: CRITICAL HOME REPAIR | $280,000 |
Linville, NC PURPOSE: IMPACT GRANT | $100,000 |
MITCHELL COUNTY PUBLIC TRANSPORT PURPOSE: SOFTWARE UPDATE | $83,500 |
Crossnore, NC PURPOSE: CAPACITY BUILDING | $75,000 |
Spruce Pine, NC PURPOSE: FAMILY RESILIENCE | $75,000 |
Linville, NC PURPOSE: CAPACITY BUILDING | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Amy Wellness Foundation has recieved totaling $1,005,000.
| Awarding Organization | Amount |
|---|---|
Dogwood Health Trust Asheville, NC PURPOSE: REMODELING OF A FACILITY TO AID IN THE ELIMINATION OF DOMESTIC VIOLENCE, SEXUAL ASSAULT, STALKING AND ELDER ABUSE; PROMOTING ECONOMIC AND SOCIAL EMPOWERMENT FOR ALL. | $700,000 |
Dogwood Health Trust Asheville, NC PURPOSE: HOME REPAIR FOR AMY REGION | $300,000 |
Maurice A & Thelma P Rothman Family Foundation Inc Tampa, FL PURPOSE: ALLEVIATE HEALTH DISCREPANCIES, IMPROVE QUALITY OF HEALTH IN AVERY, MITCHELL & YANCEY COUNTIES | $5,000 |
Endowment Analysis
| Beg. Balance | $206,499 |
| Earnings | $29,594 |
| Ending Balance | $236,093 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chc Creating Healthier Communities Alexandria, VA | $23,119,840 | $20,885,598 |
United Way Of The Piedmont Inc Spartanburg, SC | $4,093,923 | $15,798,807 |
Bluecross Blueshield Of South Carolina Foundation Columbia, SC | $340,633,924 | $51,086,800 |
Safa Trust Inc Herndon, VA | $343,266,740 | $16,390,451 |
United Way Of Forsyth County Inc Winstonsalem, NC | $7,740,159 | $13,512,937 |
United Way Of Greater Knoxville Inc Knoxville, TN | $44,188,764 | $10,173,426 |
United Way Of The Midlands Columbia, SC | $21,822,205 | $12,356,591 |
United Way Of The Greater Triangle Inc Durham, NC | $8,988,793 | $10,685,118 |
United Way Of The Mid-South Memphis, TN | $15,939,575 | $10,736,980 |
United Way Of Greenville County Incorporated Greenville, SC | $26,398,141 | $12,601,521 |
Heritage Classic Foundation Hilton Head Island, SC | $10,740,368 | $11,355,325 |
United Way Of Greater Chattanooga Chattanooga, TN | $28,378,228 | $9,851,005 |