Wellness Advocacy Fund
- Assets
- $42.3m
- Revenue
- $3.6m
- Investments
- $39.5m
- Employees
- 0
- Location
- Fulton, MD
- Founding
- Data as of
- 12/2021
- EIN
- 84-3757375
Organization Overview
Wellness Advocacy Fund is located in Fulton, MD. According to its NTEE Classification (Y01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellness Advocacy Fund is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Wellness Advocacy Fund generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (66.4%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wellness Advocacy Fund has awarded 30 individual grants totaling $3,875,000. 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
PROMOTION OF SOCIAL WELFARE TO OTHER 501(C)(3) AND (C)(4) ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRINCIPAL ACTIVITY IS THE PROMOTION OF SOCIAL WELFARE THROUGH THE PROVISION OF STRATEGIC AND FINANCIAL SUPPORT TO OTHER ORGANIZATIONS THAT SUPPORT THE ORGANIZATION'S MISSION AND ARE EXEMPT UNDER SECTIONS 501(C)(3) OR 501 (C)(4).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Bainum President And Director | OfficerTrustee | 1 | $0 |
Christine A Shreve Secretary | Officer | 1 | $0 |
David J Korotkin Asst Secretary | Officer | 0.25 | $0 |
Mary C Acker Treasurer | Officer | 2 | $0 |
Scott Renschler Director | Trustee | 1 | $0 |
Wilfried Busse Director | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $135,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,427,079 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,562,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,875,000 |
| 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 | $111,775 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,646 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,198 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,032,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,224 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,653,530 |
| Investments—other securities | $39,496,438 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,284,192 |
| Accounts payable and accrued expenses | $100,000 |
| 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 | $100,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $42,184,192 |
| Total liabilities and net assets/fund balances | $42,284,192 |
Grants Awarded
Over the last fiscal year, Wellness Advocacy Fund has awarded $1,875,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Walnut, CA PURPOSE: State level voter mobilization | $400,000 |
Washington, DC PURPOSE: Climate Equity Action Fund support | $250,000 |
Washington, DC PURPOSE: Rural Victory Fund & Center for Secure and Modern Elections support | $200,000 |
Washington, DC PURPOSE: Youth Electoral engagement network | $150,000 |
Washington, DC PURPOSE: Voting rights and climate change issues | $150,000 |
Phoenix, AZ PURPOSE: Social and economic justice for moderate-income & minorities | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Independent Insurance Agents And Brokers Of America Inc Alexandria, VA | $30,236,166 | $12,870,454 |
National Association Of Insurance And Financial Advisors Falls Church, VA | $8,421,667 | $10,756,132 |
Insurance Agents And Brokers Of Pennsylvania Inc Mechanicsburg, PA | $6,872,120 | $2,426,813 |
Wellness Advocacy Fund Fulton, MD | $42,284,192 | $3,562,740 |
Delaware Insurance Guaranty Association Newark, DE | $30,181,885 | $1,199,460 |
Joint Insurance Association Ellicott City, MD | $2,641,203 | $770,233 |
Afna Foundation Inc Washington, DC | $105,962 | $88,128 |
Lackawaxen Honesdale Shippers Assoc Iation Inc Honesdale, PA | $234,052 | $0 |
Upper Darby Corporation For Community And Economic Development Drexel Hill, PA | $21,836 | $34,362 |
Grandsavers Are Lifesavers Mainesburg, PA | $17,676 | $17,401 |