Overview
What is Wells 20 Foundation Inc?
Wells 20 Foundation Inc, based in Holdrege, Nebraska, is a charitable organization primarily focused on fostering and promoting youth sports and related activities in the local area. They are organized under Section 501(C)(3) of the Internal Revenue Code, which allows them to accept donations and use the funds to create necessary facilities and infrastructure for these activities. The foundation's mission is to contribute positively to the development of youth in Holdrege, Nebraska, by encouraging participation in sports and other activities.
Is Wells 20 Foundation Inc legitimate?
Wells 20 Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wells 20 Foundation 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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What is the mission statement of Wells 20 Foundation Inc?
The Wells 20 Foundation Inc is established for charitable, educational, and benevolent purposes. Its primary objective is to create and develop facilities and infrastructure to encourage and promote youth sports and related activities. The organization accepts donations, bequests, and devises to support these charitable objectives, in accordance with Section 501(c)(3) of the Internal Revenue Code. The foundation's main role is to foster and develop youth sports and activities, contributing positively to the youth in its community.
Who is the CEO of Wells 20 Foundation Inc?
Nicholas M Wells is the Administrato of Wells 20 Foundation Inc.
What is the revenue of Wells 20 Foundation Inc?
Wells 20 Foundation Inc's revenue in 2022 was $112,509.
Who are the executives of Wells 20 Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Wells 20 Foundation Inc?
Wells 20 Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wells 20 Foundation Inc
Wells 20 Foundation Inc is established for charitable, educational, and benevolent purposes. Its primary goal is to create and develop facilities and infrastructure for promoting youth sports and related activities in various areas. The organization achieves this by soliciting and accepting donations, bequeaths, and gifts, all in accordance with Section 501(C) (3) of the Internal Revenue Code. Essentially, Wells 20 Foundation Inc serves to foster and promote youth sports and related activities, enabling young individuals to engage in and benefit from these activities.
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Impact
October, 2024
Wells 20 Foundation Inc significantly impacts the community in and around Holdrege, Nebraska, by fostering and developing youth sports and related activities. Through its efforts, the foundation creates essential facilities and infrastructure that support a vibrant sports culture, enabling young people to engage in various athletic pursuits. By facilitating access to organized sports programs, the foundation promotes physical fitness, teamwork, and leadership skills among youth.
In addition, Wells 20 Foundation Inc plays a crucial role in enhancing the quality of life in the community. By encouraging participation in sports, it helps to instill values such as discipline, perseverance, and cooperation while also providing recreational opportunities that can lead to lifelong benefits. Through the solicitation of gifts and bequests, the foundation ensures a sustainable approach to growing and improving the resources available for youth sports. This commitment to developing initiatives for young athletes contributes to a healthier, more active, and connected community.
This information is meant to be a general summary of Wells 20 Foundation 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 2022.
- Gross Receipts: $117,252
Assets and Liabilities:
- Total Assets: $162,684
- Total Liabilities: $0
- Net Assets: $162,684
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Organization Details
Founding Year
2020
Principal Officer
Nicholas M Wells
Main Address
11730 737 ROAD, HOLDREGE, NE, 68949
NTEE Category
Code: N19 - Recreation
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