Overview
What is Ryan Wells Foundation Inc?
Ryan Wells Foundation Inc, headquartered in Palm Harbor, Florida, is a nonprofit organization that primarily focuses on offering scholarships to deserving high school seniors seeking higher education in the hospitality or culinary industry. Based in Pinellas County, they aim to support the local educational system by funding culinary arts programs within Pinellas District Schools. Additionally, the foundation extends its philanthropic efforts to other state and local not-for-profit organizations, contributing to their causes. The Foundation's main activity is granting scholarships to enable young talents to pursue their passion in the culinary field, while also advocating for culinary arts education. Their address is located at 3636 Woodridge Place.
Official website here: www.ryanwellsfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two Stars (Needs Improvement) - Score: 73%
The Ryan Wells Foundation Inc holds a two-star rating from Charity Navigator, indicating a need for improvement in various operational areas. While the organization excels in accountability and finance, scoring a perfect 100% in this category, it lacks key policies such as a whistleblower and document retention policy, which are critical for transparency and governance.
The foundation also exhibits a strong independent board structure, with all members being independent and a well-documented process for board meeting minutes. However, it has been noted that the tax form is not posted on the nonprofit's website, which could limit public access to important financial information. Additionally, its program expense ratio stands at 62.19%, suggesting there may be room for enhancing programmatic spending relative to fundraising and administrative costs.
Overall, while the foundation demonstrates strengths in governance practices, the absence of essential policies and the need for improved transparency could affect donor trust and operational effectiveness. Addressing these limitations may enhance its rating and overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Ryan Wells Foundation Inc legitimate?
Ryan Wells Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ryan Wells Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ryanwellsfoundation.com
What is the mission statement of Ryan Wells Foundation Inc?
The Ryan Wells Foundation Inc's mission is centered around providing scholarships for high school seniors in Florida who are pursuing a post-secondary education in the hospitality or culinary industry. Additionally, the foundation supports culinary arts education programs within Pinellas District Schools and various other culinary schools. Furthermore, the organization extends its support to other state and local not-for-profit organizations. In summary, the Ryan Wells Foundation Inc aims to empower future culinary professionals and contribute to education while supporting the broader community.
Official website here: www.ryanwellsfoundation.com
Who is the CEO of Ryan Wells Foundation Inc?
Mike Wells is the Executive Director of Ryan Wells Foundation Inc.
Official website here: www.ryanwellsfoundation.com
What is the revenue of Ryan Wells Foundation Inc?
Ryan Wells Foundation Inc's revenue in 2022 was $41,829.
Official website here: www.ryanwellsfoundation.com
Who are the executives of Ryan Wells Foundation Inc and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.ryanwellsfoundation.com
Where can I find the form 990 for Ryan Wells Foundation Inc?
Ryan Wells Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ryanwellsfoundation.com
Learn more at the official website: www.ryanwellsfoundation.com
Mission Statement of Ryan Wells Foundation Inc
The Ryan Wells Foundation Inc is committed to serving its mission in various ways. At its core, this nonprofit organization aims to provide scholarships to deserving high school graduates in Pinellas District Schools who are pursuing higher education in the hospitality or culinary industry. This financial assistance is instrumental in enabling these students to chase their dreams and build a promising future in these fields.
Beyond scholarships, the Ryan Wells Foundation Inc also extends its support to culinary arts education programs within Pinellas District Schools and other culinary institutions. This commitment to nurturing talent in the culinary arts is a testament to the organization's belief in the importance of this field and its potential to create opportunities for individuals.
In addition to its focus on education, the Ryan Wells Foundation Inc also extends its support to other state and local not-for-profit organizations. This philanthropic approach allows the organization to make a broader impact in its community, supporting initiatives that align with its values and goals. With a strong mission to empower individuals and contribute to the development of its community, the Ryan Wells Foundation Inc continues to make a difference in the lives of many.
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Impact
August, 2024
The Ryan Wells Foundation Inc provides scholarships for Pinellas District Schools graduating seniors pursuing post-secondary education in the hospitality or culinary industry. They also support culinary arts education programs in Pinellas District Schools and other culinary schools. Additionally, the foundation supports other state and local nonprofit organizations. This impact not only helps students achieve their academic goals but also fosters growth and development in the culinary arts education sector.
This information is meant to be a general summary of Ryan Wells Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$71,149
- Gross Receipts: $1,526,588
Assets and Liabilities:
- Total Assets: $1,416,287
- Total Liabilities: $0
- Net Assets: $1,416,287
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Organization Details
Founding Year
2005
Phone
(727) 787-7863Principal Officer
Mike Wells
Main Address
3636 WOODRIDGE PLACE, PALM HARBOR, FL, 34684
Website
www.ryanwellsfoundation.comNTEE Category
Code: B82 - Education
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