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Wells Mountain Initiative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 203823604 ✦ Bristol, VT ✦ Designated as a 501(c)(3)

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Overview

What is Wells Mountain Initiative Inc?

Wells Mountain Initiative Inc, located in Bristol, Vermont, is a dedicated nonprofit organization committed to fostering social change in the developing world. They achieve this by funding and providing programming for young individuals, bolstering their post-secondary education, leadership skills, and community development efforts. Their mission is to empower bright young minds in these regions by offering scholarships and skills training, in turn, cultivating a network of grassroots leaders driving community transformation. With a team of five employees, they strive to make a significant impact on a global scale.


Official website here: www.wellsmountaininitiative.org

Is Wells Mountain Initiative Inc legitimate?

Wells Mountain Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wells Mountain Initiative 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: $286,661

For more financial information, click here


Official website here: www.wellsmountaininitiative.org

What is the mission statement of Wells Mountain Initiative Inc?

Wells Mountain Initiative Inc's mission is centered around inducing social change through education and community building. They accomplish this by offering scholarships and skills training to promising young individuals in developing nations. This initiative not only supports their post-secondary education but also fosters leadership development. By doing so, Wells Mountain Initiative Inc builds a network of grassroots leaders who are instrumental in catalyzing community transformation. Their programming and funding extend to various initiatives focusing on community development in the developing world.


Official website here: www.wellsmountaininitiative.org

Who is the CEO of Wells Mountain Initiative Inc?

Thomas M Wells is the Director of Wells Mountain Initiative Inc.


Official website here: www.wellsmountaininitiative.org

What is the revenue of Wells Mountain Initiative Inc?

Wells Mountain Initiative Inc's revenue in 2022 was $84,182.


Official website here: www.wellsmountaininitiative.org

Who are the executives of Wells Mountain Initiative Inc and what are their salaries?

The average compensation at Wells Mountain Initiative Inc during 2022 was $57,332. There are 5 employees and 178 volunteers at Wells Mountain Initiative Inc.


Here are 11 key members and their salaries:


Robert Dill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Lutz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Forester (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gwenael Apollon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Didier Blesin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gail Nystrom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Claydon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas M Wells (Director/Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jordyn Wells (Director/Executive Directo)
  • Compensation: $93,222
  • Related: $0
  • Other: $0
Rick Kushel (Director/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Clark Romney (Director/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wellsmountaininitiative.org

Where can I find the form 990 for Wells Mountain Initiative Inc?

Wells Mountain Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wellsmountaininitiative.org

Learn more at the official website: www.wellsmountaininitiative.org

Mission Statement of Wells Mountain Initiative Inc

Wells Mountain Initiative, a nonprofit organization, is dedicated to fostering social change globally by means of education and community building. They achieve this by offering scholarships and skills training to bright young individuals in developing nations. By doing so, Wells Mountain Initiative creates a network of grassroots leaders who are instrumental in initiating community transformation. The organization's mission is twofold: firstly, they provide support for post-secondary education, helping young people in developing countries gain the knowledge and qualifications they need to make a positive impact in their communities. Secondly, Wells Mountain Initiative focuses on leadership development and community development, equipping these future leaders with the necessary skills and resources to catalyze change within their communities.

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Impact




October, 2024

Wells Mountain Initiative Inc significantly impacts communities in the developing world by fostering social change through education and community building. By providing scholarships and skills training to bright young individuals, the initiative empowers them to pursue post-secondary education and develop leadership skills. This investment in human capital leads to the emergence of grassroots leaders who drive community transformation, creating a ripple effect that positively affects their local environments. The organization's efforts in creating networks of support for these young leaders not only enhance their individual capabilities but also contribute to the overall development of their communities.




This information is meant to be a general summary of Wells Mountain Initiative 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.

Revenue
$84,182 (2022)
Expenses
$1,008,065 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$366,692
  • Gross Receipts: $2,835,217

Assets and Liabilities:

  • Total Assets: $2,143,910
  • Total Liabilities: $2,214
  • Net Assets: $2,141,696

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Organization Details

Founding Year

2005

Principal Officer

Thomas M Wells

Main Address

25D MAIN STREET, BRISTOL, VT, 05443

NTEE Category

Code: Q99 - International

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