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Wishing Well Foundation

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

EIN: 454004786 ✦ Puyallup, WA ✦ Designated as a 501(c)(3)

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Overview

What is Wishing Well Foundation?

The Wishing Well Foundation is a nonprofit organization situated in Puyallup, Washington. With a mission to enhance the lives of foster youth, they served over 968 children in 2022. Their initiatives include offering educational resources and support to foster parents, organizing shopping events to provide clothing and essentials to foster children, and granting funds for enrichment activities. They also addressed financial barriers to accepting foster placements, thereby retaining quality foster homes in Pierce County. Throughout the year, the foundation hosted events for foster youth and families and honored dedicated social workers and foster parents. During the holiday season, they spread joy to over 781 foster children by providing gifts. In addition to these services, the Wishing Well Foundation provided financial assistance to high school graduates and those in extended foster care, addressing their needs for rent, car repairs, and work-related equipment. They also extended support to kinship caregivers by offering them turkey baskets. The foundation's actions demonstrate a commitment to enriching the lives of foster children while addressing the financial challenges faced by foster parents and families.


Official website here: www.thewishingwellwa.org

Is Wishing Well Foundation legitimate?

Wishing Well Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wishing Well Foundation 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: $35,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,000

For more financial information, click here


Official website here: www.thewishingwellwa.org

What is the mission statement of Wishing Well Foundation?

The Wishing Well Foundation's mission is to enhance the lives of foster youth by providing them with necessities and experiences often unavailable, as well as supporting quality foster homes. This is achieved by addressing financial barriers that prevent foster placements. In 2022, the foundation served over 968 youths, offering education, support, and community resource referrals to foster parents. They facilitated shopping experiences for 738 foster youth, provided beds and household items to 155 children, granted funds for enrichment activities to 65 youths, and ensured the availability of hard-to-find formula during a shortage. Additionally, they offered graduation baskets and gift cards to 47 high school graduates, distributed backpacks, school supplies, and winter coats to 147 youths, and hosted monthly events for foster youth and their families. Furthermore, they recognized social workers and foster parents for their dedication and provided financial aid to youth in extended foster care. During the holiday season, they brought joy to 781 foster youth through gifts.


Official website here: www.thewishingwellwa.org

Who is the CEO of Wishing Well Foundation?

Brent Thompson is the Board Member of Wishing Well Foundation.


Official website here: www.thewishingwellwa.org

What is the revenue of Wishing Well Foundation?

Wishing Well Foundation's revenue in 2022 was $284,358.


Official website here: www.thewishingwellwa.org

Who are the executives of Wishing Well Foundation and what are their salaries?

The average compensation at Wishing Well Foundation during 2022 was $19,667. There are 3 employees at Wishing Well Foundation.


Here are 6 key members and their salaries:


Gerri Nelson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mart Mitchell (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Thompson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Campbell (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Johnson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erika Thompson (Executive Director)
  • Compensation: $35,000
  • Related: $0
  • Other: $0


Official website here: www.thewishingwellwa.org

Where can I find the form 990 for Wishing Well Foundation?

Wishing Well Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.thewishingwellwa.org

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

Mission Statement of Wishing Well Foundation

The Wishing Well Foundation, a nonprofit organization, is committed to providing clothing, essential supplies, and enriching experiences to foster youth who often lack access to such resources. Its primary mission is to overcome financial barriers that prevent foster parents from accepting placements in Pierce County, thereby retaining quality foster homes. By offering these essentials and support, the foundation aims to enhance the foster care experience for these youth.

Throughout 2022, the Wishing Well Foundation served over 968 foster youth, providing them with various necessities. This included clothing, beds, household items, and educational supplies. The organization also offered enrichment activities, such as sports and music lessons, through the Little Wishes Fund. In addition, the foundation proactively addressed the formula shortage by supplying over 192 infants with hard-to-find formula.

During special occasions, the Wishing Well Foundation hosted events for foster youth and their families, including a Rainiers game, Halloween dance, and movie night. The organization also recognized and appreciated the hard work of social workers and foster parents with treats and recognition. For older foster youth in extended foster care, the foundation provided financial aid for rent, car repairs, and work-related expenses. Furthermore, the Wishing Well Foundation extended its support to kinship caregivers by providing them with turkey baskets for the holiday season.

In summary, the Wishing Well Foundation's mission is to enrich the lives of foster youth by providing them with essential resources, experiences, and support. By overcoming financial barriers, the foundation aims to enhance the foster care experience and retain quality foster homes in Pierce County.

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Impact




October, 2024

The Wishing Well Foundation significantly enhances the lives of foster youth and their families in Pierce County. In 2022, it served over 968 youths by addressing the critical needs that often go unmet in foster care. By providing clothing, household essentials, and enriching experiences, the foundation creates opportunities that foster youth might otherwise miss.

For instance, 738 foster youths were able to shop for clothing, ensuring they have access to necessary attire, while 155 received beds, dressers, and other vital household items. The support extends beyond physical needs; 18 youths received laptops, facilitating education and connectivity, and 65 received funding for extracurricular activities, promoting personal growth and development.

The foundation also places a strong emphasis on supporting foster parents and caregivers. Through education and community resource referrals, it enables them to continue providing stable and nurturing environments for children. This support includes financial aid for youth aged 18-21 in Extended Foster Care, totaling $28,395, assisting with costs like rent and essential work-related items.

Additionally, the Wishing Well Foundation fosters community spirit by hosting 12 monthly events for foster youth and families, creating joyful experiences and connections. They also recognize the dedication of social workers and foster parents with appreciation events. During the holiday season, they ensured 781 foster children received gifts, spreading joy and warmth to those who need it most.

Overall, the impact of the Wishing Well Foundation is profound, bridging gaps and transforming lives through essential support, resources, and community engagement.




This information is meant to be a general summary of Wishing Well Foundation. 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
$284,358 (2022)
Expenses
$214,617 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $30
  • Program Service Revenue: $64,292
  • Gross Receipts: $284,358

Assets and Liabilities:

  • Total Assets: $369,656
  • Total Liabilities: $0
  • Net Assets: $369,656

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE FEE

Revenue

$64,292

Organization Details

Founding Year

2012

Principal Officer

Brent Thompson

Main Address

16524 89TH AVE E, PUYALLUP, WA, 98375

NTEE Category

Code: P20 - Human services

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