My Well
- Assets
- $577.2k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Hoffman Estates, IL
- Founding
- 06/2018
- Data as of
- 12/2022
- EIN
- 82-3401774
Organization Overview
My Well is located in Hoffman Estates, IL. The organization was established in 2018. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. My Well 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, My Well generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 46.0% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 25.4% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCOUNTED CREDIT CARD TRANSACTION COSTS FOR CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Pitzaferro President & Secretary | 3 | $0 | |
Ethan Pitzaferro Director | 1 | $0 | |
John Sleeting Treasurer | 1 | $0 | |
Stacey Pitzaferro Vice President | 1 | $0 | |
Sarah Pitzaferro Director | 1 | $0 | |
Renee Pitzaferro Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $497 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,682,187 |
| Total Revenue | $1,682,684 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,231,051 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $28,104 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,294 |
| Printing and publications | $0 |
| Other expenses | $335,565 |
| Total operating and administrative expenses | $1,610,561 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,610,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $389,751 |
| Net Accounts receivable | $61,345 |
| 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 | $29,440 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $76,629 |
| Other assets | $20,020 |
| Total assets | $577,185 |
| Accounts payable and accrued expenses | $41,110 |
| 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 | $27,439 |
| Total liabilities | $68,549 |