Wellfare Inc

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

EIN: 852658123 ✦ Brokolyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Wellfare Inc?

Wellfare Inc, a 501(C)(3) nonprofit organization based in New York City, is dedicated to addressing food insecurity and improving the state of grocery and nutrition in low-income communities across the nation. In 2022, they distributed 9,291 Better Boxes, carrying a total value of $2,304,192 in premium groceries to families in need. The Better Box program, exclusive to Wellfare, offers a free food option focused on enhancing access to convenient and nutritious packaged goods for food-insecure households. The program's offerings include low-sugar beverages, functional snack bars, and protein-packed pasta, all donated by an expanding roster of brand partners. Wellfare's mission is to support enrolled families by providing their reserved Better Boxes at community distribution outposts monthly. With a team of one dedicated individual, Wellfare Inc continues its mission to uplift the lives of families in need.


Official website here: www.wellfare.org

Is Wellfare Inc legitimate?

Wellfare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellfare 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: $68,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.wellfare.org

What is the mission statement of Wellfare Inc?

Wellfare Inc, a 501(c)(3) nonprofit organization, is dedicated to addressing food insecurity and improving the state of grocery and nutrition in low-income communities nationwide. The organization offers a unique solution through the Better Box program, which provides families with access to over $250 worth of premium, nutritious, and convenient packaged groceries each month. These items include items like low-sugar beverages, functional snack bars, and protein-packed pasta, donated by a growing roster of brand partners. Enrolled families can pick up their reserved boxes from a Wellfare distribution outpost in their community every month.


Official website here: www.wellfare.org

Who is the CEO of Wellfare Inc?

Cole Riley is the Chair & Ceo of Wellfare Inc. The CEO's salary of Wellfare Inc is $68,000 and their total compensation is $68,000.


Official website here: www.wellfare.org

What is the revenue of Wellfare Inc?

Wellfare Inc's revenue in 2022 was $3,003,799.


Official website here: www.wellfare.org

Who are the executives of Wellfare Inc and what are their salaries?

The average compensation at Wellfare Inc during 2022 was $68,000. There is 1 employee and 746 volunteers at Wellfare Inc.


Here are 4 key members and their salaries (Wellfare Inc's CEO's salary is $68,000 and their total compensation is $68,000):


Cole Riley (Chair & Ceo)
  • Compensation: $68,000
  • Related: $0
  • Other: $0
Ryan Lewendon (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Wand (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Chesler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wellfare.org

Where can I find the form 990 for Wellfare Inc?

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


Official website here: www.wellfare.org

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

Mission Statement of Wellfare Inc

Wellfare Inc, a 501(c)(3) nonprofit organization based in New York City, is on a mission to tackle food insecurity and enhance the state of grocery and nutrition in low-income communities nationwide. To accomplish this, Wellfare has introduced the Better Box program, the first free food program in the country that focuses on improving access to convenient, nutritious packages for food-insecure households. Every month, enrolled families can pick up their reserved Better Boxes from Wellfare distribution outposts in their communities. Each box is filled with premium, nutritious, and convenient packaged goods, such as low-sugar beverages, functional snack bars, and protein-packed pasta, which are donated by a growing roster of brand partners.

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Impact




July, 2024

Wellfare Inc is making a significant impact by transforming the state of grocery and nutrition in low-income communities across the country. In 2022 alone, they distributed 9,291 Better Boxes carrying $2,304,192 worth of premium groceries to families in need. With 2,637 individuals subscribed and picking up a box every month, Wellfare Inc is directly addressing food insecurity in these communities. Their innovative approach, such as providing nutritious and convenient packaged groceries through the Better Box program, is helping to improve access to healthy food for those facing challenges. Through their efforts, Wellfare Inc is creating a positive change and making a tangible difference in the lives of many individuals and families in need.




This information is meant to be a general summary of Wellfare 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
$3,003,799 (2022)
Expenses
$2,573,908 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $1,131
  • Gross Receipts: $3,003,799

Assets and Liabilities:

  • Total Assets: $802,392
  • Total Liabilities: $30,675
  • Net Assets: $771,717

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Programs

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

OTHER REVENUE

Revenue

$1,131

Organization Details

Founding Year

2020

Principal Officer

Cole Riley

Main Address

80 39TH STREET SUITE 503, BROKOLYN, NY, 11232

NTEE Category

Code: K30 - Food

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