Overview
What is Wells Memorial Inc?
Wells Memorial Inc is a nonprofit organization located at 519 Oak Grove Street, Minneapolis, Minnesota. Their primary focus is providing social service grants to nonprofits, primarily in the areas of homelessness, veterans, and youth. During their operations, they granted funds ranging from $2,000 to $8,000 to 22 various organizations serving homeless youth, veterans, children, and families, as well as formerly homeless families in transitional housing. Their efforts aim to support solutions to homelessness and its related issues.
Official website here: www.wellsfound.org
Is Wells Memorial Inc legitimate?
Wells Memorial Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wells Memorial 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.
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Official website here: www.wellsfound.org
What is the mission statement of Wells Memorial Inc?
Wells Memorial Inc, through its foundation, primarily grants funds to nonprofit organizations, focusing on three main areas: homelessness, veterans, and youth. The organization's mission, in essence, is to support these nonprofits in providing solutions to the complex issues surrounding homelessness. The foundation has distributed grants ranging from $2,000 to $8,000 to various organizations, including those serving homeless youth, veterans, children, and families in transitional housing. By providing these resources, Wells Memorial Inc aims to contribute to the betterment of these vulnerable groups.
Official website here: www.wellsfound.org
Who is the CEO of Wells Memorial Inc?
Martha Hoover is the President of Wells Memorial Inc.
Official website here: www.wellsfound.org
What is the revenue of Wells Memorial Inc?
Wells Memorial Inc's revenue in 2023 was $104,133.
Official website here: www.wellsfound.org
Who are the executives of Wells Memorial Inc and what are their salaries?
There 20 volunteers at Wells Memorial Inc.
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Official website here: www.wellsfound.org
Where can I find the form 990 for Wells Memorial Inc?
Wells Memorial Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wellsfound.org
Learn more at the official website: www.wellsfound.org
Mission Statement of Wells Memorial Inc
Wells Memorial Inc, a philanthropic organization, primarily focuses on providing social service grants to nonprofits in the areas of homelessness, veterans, and youth. The mission of Wells Memorial Inc is to support these causes by funding various solutions to address these pressing issues. Through its grants, the foundation has assisted 22 different organizations, ranging from $2,000 to $8,000, serving homeless youth, veterans, children, families, and formerly homeless families in transitional housing. By providing these financial resources, Wells Memorial Inc aims to contribute to the betterment of these communities and alleviate the challenges associated with homelessness.
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Impact
October, 2024
Wells Memorial Inc significantly impacts the community by providing essential support for homelessness, veterans, and youth. The organization channels social service grants to various initiatives aimed at addressing the multifaceted issues surrounding homelessness. With grants ranging from $2,000 to $8,000, they enable 22 organizations to develop and implement solutions that directly assist homeless youth, veterans, and families in need.
By addressing the root causes of homelessness and facilitating transitional housing for formerly homeless families, Wells Memorial Inc plays a crucial role in fostering stability and promoting pathways to self-sufficiency. Their dedication to social service initiatives not only alleviates immediate distress but also contributes to long-term community resilience and empowers individuals to rebuild their lives. Through their focused approach, Wells Memorial Inc positively influences the landscape of social services in Minneapolis and beyond, making a lasting difference in the lives of vulnerable populations.
This information is meant to be a general summary of Wells Memorial 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 2023.
- Investment Income: $27,504
- Gross Receipts: $908,134
Assets and Liabilities:
- Total Assets: $1,677,438
- Total Liabilities: $0
- Net Assets: $1,677,438
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Organization Details
Founding Year
1930
Phone
(651) 260-6312Principal Officer
Martha Hoover
Main Address
519 OAK GROVE STREET, MINNEAPOLIS, MN, 55403
Website
www.wellsfound.orgNTEE Category
Code: B90 - Education
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