Overview
What is The Well Inc?
The Well Inc. is a nonprofit organization situated in Johnson City, Tennessee, dedicated to serving college students in East Tennessee. As a non-denominational campus ministry, they offer various programs to cater to the spiritual and social needs of these students. Their mission is to create an inclusive environment where students can explore their faith and grow personally. The organization's activities are centered around this mission, fostering a sense of community and support among college students in the region.
Official website here: www.thewelljc.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall score: 67%)
The Well Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in various areas of governance and transparency. While the organization boasts a strong independent board with 100% independent members and a favorable liabilities to assets ratio of 0.85%, it falls short in financial transparency, as it has not provided financial statements or posted its tax form on its website. This lack of documentation has contributed significantly to its overall score.
In terms of accountability, the organization has a solid program expense ratio of 73.91%, suggesting that a substantial portion of its funds are directed toward its programs rather than administrative costs. However, several critical policies are missing, including a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction. These shortcomings may raise concerns among potential donors regarding the organization’s operational practices.
Despite the missing elements, The Well Inc does demonstrate some strengths, particularly in maintaining an independent board and ensuring minimal asset diversion. Addressing the noted gaps in governance and financial reporting could enhance its credibility and effectiveness, ultimately leading to improved ratings and greater community trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Well Inc legitimate?
The Well Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Well 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: $216,749
For more financial information, click here
Official website here: www.thewelljc.com/
What is the mission statement of The Well Inc?
The Well Inc, a non-denominational ministry, is dedicated to serving college students across East Tennessee. Their mission is to provide spiritual support through various programs, fostering a sense of community within this demographic. Based in Johnson City, TN, The Well Inc's primary objective is to create an inclusive environment for college youth, allowing them to explore their faith without adhering to any specific religious denomination.
Official website here: www.thewelljc.com/
Who is the CEO of The Well Inc?
James Mcneill is the Director of The Well Inc.
Official website here: www.thewelljc.com/
What is the revenue of The Well Inc?
The Well Inc's revenue in 2023 was $1,826,479.
Official website here: www.thewelljc.com/
Who are the executives of The Well Inc and what are their salaries?
The average compensation at The Well Inc during 2023 was $43,350. There are 5 employees at The Well Inc.
Here are 6 key members and their salaries:
- Compensation: $51,202
- Related: $0
- Other: $36,568
- Compensation: $66,550
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thewelljc.com/
Where can I find the form 990 for The Well Inc?
The Well Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thewelljc.com/
Learn more at the official website: www.thewelljc.com/
Mission Statement of The Well Inc
The Well Inc, a non-denominational organization, is committed to serving college students in East Tennessee. Its mission is centered around ministering to these young individuals through various programs, establishing itself as a non-denominational campus ministry. Based on the provided information, it can be inferred that The Well Inc aims to provide a supportive environment and resources for college students in the region, promoting spiritual growth and well-being. The organization's activities are focused on meeting the needs of this specific demographic, operating in Johnson City, TN.
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Impact
July, 2024
The Well Inc's impact is reflected in the positive influence it has on college students in East Tennessee. Through its various programs and initiatives, The Well Inc provides support, guidance, and a sense of community to young adults, helping them navigate the challenges of campus life and strengthening their faith. Its presence as a non-denominational campus ministry in Johnson City, TN, contributes to the spiritual well-being and personal development of college youth in the region.
This information is meant to be a general summary of The Well 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: $2,737
- Gross Receipts: $1,846,627
Assets and Liabilities:
- Total Assets: $4,688,932
- Total Liabilities: $40,093
- Net Assets: $4,648,839
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Organization Details
Founding Year
2001
Phone
(423) 232-9355Principal Officer
James Mcneill
Main Address
PO Box 181, Johnson City, TN, 37605
Website
www.thewelljc.com/NTEE Category
Code: X21 - Religion related
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