Civic Intelligence

Wells Memorial Incorporated

990EZ • Fiscal year 2017 • EIN 41-0694711

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 27, 2018

519 Oak Grove StreetMinneapolis, MN 55403

(651) 260-6312

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

73rd percentile

22%

Faster asset growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

36%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$292,146

Up $52,789 (+22%) from 2016

Net Assets

$292,146

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$158,176

Up $41,685 (+36%) from 2016

Expenses

Down

$105,387

Down $2,361 (-2.2%) from 2016

Net Income

Up

$52,789

Up $44,046 (+504%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $113,244Liabilities 2011: $2,1092011Assets 2012: $134,869Liabilities 2012: $02012Assets 2013: $175,342Liabilities 2013: $02013Assets 2014: $203,776Liabilities 2014: $02014Assets 2015: $230,614Liabilities 2015: $02015Assets 2016: $239,357Liabilities 2016: $02016Assets 2017: $292,146Liabilities 2017: $0Net Assets 2017: $292,1462017Assets 2018: $289,128Liabilities 2018: $0Net Assets 2018: $289,1282018Assets 2019: $1,474,737Liabilities 2019: $0Net Assets 2019: $1,474,7372019Assets 2020: $1,478,283Liabilities 2020: $0Net Assets 2020: $1,478,2832020Assets 2021: $1,866,702Liabilities 2021: $60Net Assets 2021: $1,866,6422021Assets 2022: $1,551,221Liabilities 2022: $0Net Assets 2022: $1,551,2212022Assets 2023: $1,677,438Liabilities 2023: $0Net Assets 2023: $1,677,4382023Assets 2024: $1,865,025Liabilities 2024: $0Net Assets 2024: $1,865,0252024Assets 2025: $2,034,740Liabilities 2025: $0Net Assets 2025: $2,034,7402025

Highlighted filing

2017

Assets$292,146
Liabilities$0
Net Assets$292,146

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $123,282Expenses 2011: $59,989Net Income 2011: $63,2932011Revenue 2012: $116,050Expenses 2012: $92,316Net Income 2012: $23,7342012Revenue 2013: $105,847Expenses 2013: $65,374Net Income 2013: $40,4732013Revenue 2014: $103,921Expenses 2014: $75,487Net Income 2014: $28,4342014Revenue 2015: $113,716Expenses 2015: $86,878Net Income 2015: $26,8382015Revenue 2016: $116,491Expenses 2016: $107,748Net Income 2016: $8,7432016Revenue 2017: $158,176Expenses 2017: $105,387Net Income 2017: $52,7892017Revenue 2018: $103,281Expenses 2018: $106,299Net Income 2018: -$3,0182018Revenue 2019: $1,258,527Expenses 2019: $130,326Net Income 2019: $1,128,2012019Revenue 2020: $89,895Expenses 2020: $117,702Net Income 2020: -$27,8072020Revenue 2021: $110,074Expenses 2021: $124,171Net Income 2021: -$14,0972021Revenue 2022: $100,007Expenses 2022: $152,214Net Income 2022: -$52,2072022Revenue 2023: $104,133Expenses 2023: $127,304Net Income 2023: -$23,1712023Revenue 2024: $144,021Expenses 2024: $135,477Net Income 2024: $8,5442024Revenue 2025: $156,446Expenses 2025: $153,943Net Income 2025: $2,5032025

Highlighted filing

2017

Revenue$158,176
Expenses$105,387
Net Income$52,789
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 27, 2018
Return Version
2016v3.0
Gross Receipts
$159,476
Mission and Program Overview

Mission

Wells Foundation provides financial support to entrepreneurial organizations that attempt social innovations that are measurable, cost-effective solutions to unmet needs in our community.

Program Services

DescriptionGrantsExpenses
Provided grants to support solutions to homelessness and its associated issues. The foundation made grants of $2,000 to $10,000 to 21 different organizations serving homeless youth, veterans, children and families, as well as formerly homeless families in transitional housing.$97,107$97,107
Volunteer Outreach: Wells Foundation volunteers maintain a robust website and the Foundation is a member of the Minnesota Council on Foundations in order to publicize the accomplishments of Wells grantees and provide information about the Foundation to potential future grantees.$0$1,214
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Inez BergquistBoard PresidentPT$0--
Lynette Reini-GrandellBoard Vice President-$0--
Karen SandnessBoard Secretary-$0--
Thomas BrandtBoard Treasurer-$0--
Lee BrandtDirector-$0--
James DaviesDirector-$0--
Holly WoodhullDirector-$0--
Nancy ArguedasDirector - Beginning May 2017-$0--
Martha HooverDirector - Beginning May 2017-$0--
Bill NelsonDirector - Beginning May 2017-$0--
David SchwarzDirector - Beginning May 2017-$0--
Jim FolkDirector - Term Ended December 2016-$0--
Kathy GoodaleDirector- Through April 2017-$0--
Richard HellingDirector - Term Ended December 2016-$0--
Bob OganovicBoard Vice President Through April 2017-$0--
Filing and Contact Details

Filer

Filer Name
Wells Memorial Inc dba Wells Foundation
EIN
41-0694711
Phone
6512606312
Address
519 Oak Grove Street, Minneapolis, MN 55403

Signing Officer

Name
Inez Bergquist
Title
Board President
Phone
6512606312
Signed
2018-04-27
Discuss with paid preparer
Yes

Preparer

Firm
Propel Nonprofits
Address
One Main St NE Suite 600, Minneapolis, MN 55414
Preparer
Acacia Wiley
Phone
6122496758
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

Grants issued to 21 organizations ranging between $2,000 and $10,000: Circle of the Beloved $10,000- St. Stephen's Community Services $7,107- Beacon Interfaith Housing Collaborative $5,000-Bridge for Youth $5,000- Emerge Community Development $5,000- Full Cycle Bike Shop $5,000- The Link $5,000- People Inc. $5,000- MN Assistance Council for Veterans $5,000- Youth Link $5,000- Children's MN Midwest Resource Center $4,000- Four Directions Family Center / Partnership $4,000- Gateway Institute $4,000- The Lift Garage $4,000- People Serving People $4,000- Project for Pride in Living $4,000- Rebuilding Together $4,000- Simpson Housing Services $4,000- African Chamber of Commerce $3,000- First Nations Kitchen $3,000- Genesys Works Twin Cities $2,000

Form 990-EZ, Part I, Line 16

Description;Amount^Investment management and bank fees;1318|Information technology;1107|Membership and dues;760|Meeting expenses;709|Supplies and other;241^Total;4135^

Form 990-EZ, Part II, Line 24

Description;EOY Amount^Low interest loan receivable;6718|Interest receivable;9^Total;6727^

Raw XML Appendix263 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director - beginning May 2017
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Director - beginning May 2017
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10Director - beginning May 2017
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt13Director - Term ended December 2016
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Volunteer Outreach: Wells Foundation volunteers maintain a robust website and the Foundation is a member of the Minnesota Council on Foundations in order to publicize the accomplishments of Wells grantees and provide information about the Foundation to potential future grantees.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Grants issued to 21 organizations ranging between $2,000 and $10,000: Circle of the Beloved $10,000- St. Stephen's Community Services $7,107- Beacon Interfaith Housing Collaborative $5,000-Bridge for Youth $5,000- Emerge Community Development $5,000- Full Cycle Bike Shop $5,000- The Link $5,000- People Inc. $5,000- MN Assistance Council for Veterans $5,000- Youth Link $5,000- Children's MN Midwest Resource Center $4,000- Four Directions Family Center / Partnership $4,000- Gateway Institute $4,000- The Lift Garage $4,000- People Serving People $4,000- Project for Pride in Living $4,000- Rebuilding Together $4,000- Simpson Housing Services $4,000- African Chamber of Commerce $3,000- First Nations Kitchen $3,000- Genesys Works Twin Cities $2,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;Amount^Investment management and bank fees;1318|Information technology;1107|Membership and dues;760|Meeting expenses;709|Supplies and other;241^Total;4135^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;EOY Amount^Low interest loan receivable;6718|Interest receivable;9^Total;6727^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Inez Bergquist
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board President
ReturnHeader/BusinessOfficerGrp/PhoneNum06512606312
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Wells Memorial Inc dba Wells Foundation
ReturnHeader/Filer/BusinessNameControlTxt0WELL
ReturnHeader/Filer/EIN0410694711
ReturnHeader/Filer/PhoneNum06512606312
ReturnHeader/Filer/USAddress/AddressLine1Txt0519 Oak Grove Street
ReturnHeader/Filer/USAddress/CityNm0Minneapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055403
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.24.12.146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Propel Nonprofits
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0One Main St NE Suite 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055414
ReturnHeader/PreparerPersonGrp/PhoneNum06122496758
ReturnHeader/PreparerPersonGrp/PreparationDt02018-04-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Acacia Wiley
ReturnHeader/ReturnTs02018-05-04T09:16:35-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.00$2.03$0.16$0.15$0.00
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.00$1.87$0.14$0.14$0.01
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.00$1.68$0.10$0.13$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.00$1.55$0.10$0.15$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.00$1.87$0.11$0.12$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.00$1.48$0.09$0.12$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$0.00$1.47$1.26$0.13$1.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.00$0.29$0.10$0.11$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.16$0.11$0.05
2016Summary only. Only limited summary data is available for this year.$0.24$0.00$0.12$0.11$0.01
2015Summary only. Only limited summary data is available for this year.$0.23$0.00$0.11$0.09$0.03
2014Summary only. Only limited summary data is available for this year.$0.20$0.00$0.10$0.08$0.03
2013Summary only. Only limited summary data is available for this year.$0.18$0.00$0.11$0.07$0.04
2012Summary only. Only limited summary data is available for this year.$0.13$0.00$0.12$0.09$0.02
2011Summary only. Only limited summary data is available for this year.$0.11$0.00$0.12$0.06$0.06
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits