Richard D Wells Foundation
- Assets
- $402.7k
- Revenue
- -$18.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 05/2000
- Data as of
- 12/2023
- EIN
- 63-1212621
Organization Overview
Richard D Wells Foundation is located in Mobile, AL. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public 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. Richard D Wells Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Richard D Wells Foundation has awarded 46 individual grants totaling $151,351. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$31,063 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$17,992 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,247 |
| Total operating and administrative expenses | $6,997 |
| Contributions, gifts, grants paid | $31,610 |
| Total expenses and disbursements | $38,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,695 |
| 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 | $0 |
| Other assets | $394,955 |
| Total assets | $402,650 |
| 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, Richard D Wells Foundation has awarded $31,610 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHANGEL RADIO PURPOSE: FUND RAISER | $1,410 |
CHRIST THE KING BOOSTER PURPOSE: FUND RAISER | $4,000 |
CHRIST THE KING CHURCH PURPOSE: FUND RAISER | $10,700 |
SPECIAL SPECTATORS PURPOSE: FUND RAISER | $2,500 |
ST MICHAEL SCHOOL PURPOSE: FUND RAISER | $13,000 |