Terry Lee Wells Foundation
- Assets
- $1.2m
- Revenue
- $84.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Reno, NV
- Founding
- Data as of
- 12/2017
- EIN
- 88-0431758
Organization Overview
Terry Lee Wells Foundation is located in Reno, NV.
For the year ending 12/2017, Terry Lee Wells Foundation generated $84.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (35.6%) each year. All expenses for the organization totaled $982.4k during the year ending 12/2017. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn E Wells President | 5 | $30,000 | |
Eloise Esser Director | 5 | $7,200 | |
Charlotte Mcconnell Treasurer | 10 | $13,500 | |
Lynn S Atcheson Secretary | 5 | $6,300 | |
Sherrie Cartinella Director | 5 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $25,166 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,893 |
| Capital Gain Net Income | $58,893 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $688 |
| Total Revenue | $84,756 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,000 |
| 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 | $8,656 |
| Total operating and administrative expenses | $79,997 |
| Contributions, gifts, grants paid | $902,429 |
| Total expenses and disbursements | $982,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,167,822 |
| 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 | $0 |
| Total assets | $1,167,822 |
| 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, Terry Lee Wells Foundation has awarded $902,429 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY CHEST INC PURPOSE: COMMUNITY RESOURCE CENTER | $50,000 |
NEVADA WOMEN'S FUND PURPOSE: SCHOLARSHIP | $429 |
GOOD SHEPHERD'S CLOTHES CLOSET PURPOSE: GENERAL SUPPORT OF GOOD SHEPHERD'S CLOTHES CLOSET | $1,000 |
PLANNED PARENTHOOD MAR MONTE PURPOSE: REPRODUCTIVE HEALTH EDUCATION FOR YOUTH | $10,000 |
NEVADA YOUTH EMPOWERMENT PROJECT PURPOSE: COMMUNITY LIVING PROGRAM | $20,000 |
RIDGE HOUSE PURPOSE: HOUSING FOR HOMELESS YOUTH | $16,000 |