Wellik Foundation
- Assets
- $26.1m
- Revenue
- -$970.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 07/1999
- Data as of
- 03/2023
- EIN
- 86-0938555
Organization Overview
Wellik Foundation is located in Phoenix, AZ. The organization was established in 1999. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellik 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, Wellik Foundation has awarded 90 individual grants totaling $5,798,147. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE ARIZONA COMMUNITY FOUNDATION, AN AZ NONPROFIT CORPORATION, SO LONG AS ARIZONA COMMUNITY FOUNDATOIN REMAINS A QUALIFIED ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS SUPPORTING PROGRAM SERVICES CARRIED ON BY THE ORGANIZATION IN THE WICKENBURG AREA. SEE SCHEDULE I, PART II FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janette Bryant Director | Trustee | 1 | $0 |
William Green Director | Trustee | 1 | $0 |
Richard Blakeley Director | Trustee | 1 | $0 |
Barbara Mcarthur Director | Trustee | 1 | $0 |
Becky Hays Rovey Director | Trustee | 1 | $0 |
Alan Abare Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arizona Community Foundation Management Fees | 3/30/20 | $250,000 |
Custom Gabion Design Llc Custom Landscaping Work | 3/30/20 | $141,830 |
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 | $435,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,000 |
| Net Gain/Loss on Asset Sales | -$1,414,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$970,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $484,594 |
| 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 | $260,345 |
| Fees for services: Legal | $36,618 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,198 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,299 |
| 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 | $708 |
| All other expenses | $19,997 |
| Total functional expenses | $828,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,745 |
| 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 | $7,381,266 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,880,000 |
| Investments—publicly traded securities | $15,800,135 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,086,146 |
| Accounts payable and accrued expenses | $3,734 |
| Grants payable | $66,125 |
| 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 | $69,859 |
| Net assets without donor restrictions | $26,016,287 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $26,086,146 |
Grants Awarded
Over the last fiscal year, Wellik Foundation has awarded $473,094 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
WICKENBURG UNIFIED SCHOOL DISTRICT PURPOSE: VULTURE PEAK "FRONT DOOR" BEAUTIFICAION AND TO SUPPORT TEACHER REIMBURSEMENT PROGRAM | $49,700 |
WICKENBURG POLICE DEPARTMENT PURPOSE: DRONE PROGRAM | $48,694 |
FOUNDATION FOR SENIOR LIVING PURPOSE: PROGRAMS AT THE WICKENBURG COMMUNITY CENTER | $75,000 |
ROUND-UP FOUNDATION PURPOSE: WICKENBURG CHAMBER TOURISM | $84,150 |
FRIENDS OF MUSIC COMMITTEE INC PURPOSE: FREE CONCERT SERIES | $21,500 |
TOWN OF WICKENBURG PURPOSE: WICKENBURG FIRE DEPARTMENT P25 COMPLIANT RADIOS | $24,500 |