Overview
What is Wellsky Foundation?
The Wellsky Foundation is a philanthropic organization situated in Overland Park, Kansas. Their primary objective is to collaborate with community organizations, aiming to alleviate significant challenges faced by individuals in need. Their mission is to improve the quality of life for vulnerable populations by eradicating social barriers to recovery and wellness. They financially support organizations that provide care and healing, ensuring access to resources irrespective of an individual's socioeconomic status. The Wellsky Foundation recognizes the importance of holistic care, considering an individual's community, family, and social support systems, leading to better outcomes, lower costs, and sustainable care. By partnering with experienced organizations in their communities, they strive to elevate care and enhance opportunities for lasting health and wellness.
Official website here: www.wellskyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. The Wellsky Foundation has received a two-star rating, indicating some areas of concern in governance and oversight despite some strong financial performance indicators.
One of the organization's strengths is its high program expense ratio, at 84.09%, suggesting that a significant portion of its resources is directed towards its programs. Additionally, the foundation has a solid financial oversight structure in place, receiving full points for its audit and oversight committee and having no reported material diversion of assets. The presence of a conflict of interest policy is also a positive aspect noted in the evaluation.
However, the foundation has notable weaknesses in governance, particularly highlighted by the lack of independent board members, as well as missing several key policies, including a whistleblower policy and document retention guidelines. The absence of the tax form on their website further detracts from their transparency, which could raise concerns for potential donors and stakeholders regarding the foundation’s accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Wellsky Foundation legitimate?
Wellsky Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellsky 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:
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Other Salaries and Wages: $0
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Official website here: www.wellskyfoundation.org
What is the mission statement of Wellsky Foundation?
The Wellsky Foundation's mission is aimed at enhancing the quality of life for vulnerable populations by eliminating social barriers to recovery and wellness. Acting as a catalyst for change, the foundation financially supports organizations that facilitate care and healing for individuals, irrespective of their socioeconomic status. Recognizing the importance of holistic care, the foundation considers the impact on communities, families, and social support systems, which often leads to better outcomes, reduced costs, and sustainable care. By collaborating with the organizations they support, the Wellsky Foundation is instrumental in elevating care and connecting people to resources that foster opportunities for enduring health and wellness.
Official website here: www.wellskyfoundation.org
Who is the CEO of Wellsky Foundation?
Joseph Beaudet is the President of Wellsky Foundation.
Official website here: www.wellskyfoundation.org
What is the revenue of Wellsky Foundation?
Wellsky Foundation's revenue in 2022 was $594,397.
Official website here: www.wellskyfoundation.org
Who are the executives of Wellsky Foundation and what are their salaries?
There 20 volunteers at Wellsky Foundation.
Here are 7 key members and their salaries:
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Official website here: www.wellskyfoundation.org
Where can I find the form 990 for Wellsky Foundation?
Wellsky Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wellskyfoundation.org
Learn more at the official website: www.wellskyfoundation.org
Mission Statement of Wellsky Foundation
The Wellsky Foundation, as an engine for change, aims to enhance the quality of life for vulnerable populations by eradicating social barriers to recovery and wellness. This nonprofit organization financially supports various organizations that facilitate care and healing for individuals, regardless of their socioeconomic status. The Wellsky Foundation believes that addressing the whole person, including their communities, families, and social support systems, leads to better outcomes, lower costs, and sustainable care. By partnering with these organizations, the Wellsky Foundation strives to elevate care and connect individuals to resources that expand opportunities for enduring health and wellness.
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Impact
July, 2024
The Wellsky Foundation partners with community organizations to support individuals facing significant challenges to their well-being. By focusing on addressing issues such as housing, food insecurity, transportation, and isolation, the foundation aims to facilitate life-changing work and empower whole-person care for everyone. Through financial support and collaborations with experienced organizations, Wellsky Foundation is making a tangible difference in improving the quality of life for vulnerable populations. Their efforts are aimed at removing social barriers to recovery and wellness, ultimately leading to better outcomes, lower costs, and sustainable care for those in need.
This information is meant to be a general summary of Wellsky 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $662,081
Assets and Liabilities:
- Total Assets: $701,316
- Total Liabilities: $0
- Net Assets: $701,316
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Organization Details
Founding Year
2019
Phone
(913) 307-1000Principal Officer
Joseph Beaudet
Main Address
11300 SWITZER RD, OVERLAND PARK, KS, 66210
Website
www.wellskyfoundation.orgNTEE Category
Code: T99 - Philanthropy
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