Civic Intelligence

Wells Memorial Incorporated

EIN 41-0694711 • 501(c)3 • Minneapolis, MN

Profile

The wells foundation provides social service grants to nonprofits primarily in the area of homelessness, veterans and youth.

519 Oak Grove StreetMinneapolis, MN 55403

wellsfound.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

20th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

43rd percentile

1.6%

Higher net margin than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

64th percentile

9.1%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

53rd percentile

8.6%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$2,034,740

Up $169,715 (+9.1%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$2,034,740

Up $169,715 (+9.1%) from 2024

Operations
Liabilities / Revenue20th percentileNet Margin43rd percentile

Revenue

Up

$156,446

Up $12,425 (+8.6%) from 2024

Expenses

Up

$153,943

Up $18,466 (+14%) from 2024

Net Income

Down

$2,503

Down $6,041 (-71%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth64th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$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

2025

Assets$2,034,740
Liabilities$0
Net Assets$2,034,740
Open 2025 Filing

Operations Trend

Revenue Growth53rd percentile

Revenue, expenses, and net income by year, with the latest 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

2025

Revenue$156,446
Expenses$153,943
Net Income$2,503
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,034,740
Liabilities
$0
Net assets
$2,034,740
Revenue
$156,446
Expenses
$153,943
Net income
$2,503
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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Aug 25, 2025
Return Version
2024v5.2
Gross Receipts
$281,157
Mission and Program Overview

Mission

The wells foundation is a non-profit organization that supports fundamental societal change through innovative and entrepreneurial action. We offer funding for change agent organizations who combine a vision of social transformation with creative and practical solutions. These groups collectively received over $90,000 from the wells foundation in fiscal year 2018.

The wells foundation provides social service grants to nonprofits primarily in the area of homelessness, veterans and youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,768,968$1,943,280▲ $174,312
Savings and Temporary Cash Investments$96,057$91,460▼ $4,597
Total Assets$1,865,025$2,034,740▲ $169,715
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,865,025$2,034,740▲ $169,715
Total Net Assets Fund Balance$1,865,025$2,034,740▲ $169,715
Total Liabilities and Net Assets / Fund Balance$1,865,025$2,034,740▲ $169,715

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2025$1,768,968-▲ $229,312-$1,943,280
2024$1,598,057-▲ $232,911-$1,768,968
2023$1,500,137-▲ $161,717-$1,598,057
2022$1,807,564-▼ $246,407-$1,500,137
2021$1,424,541-▲ $418,023-$1,807,564
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Martha HooverPresident
John NuechterleinVice President
David AlbrechtBoard Member
David NickelBoard Member
John RamsbottomBoard Member
Molly BottBoard Member
Rachael BabbittBoard Member
Linda SchubringBoard Member Thru 7/2/24
Harriet McclearySecretary Starting 1/1/25
Barbara Knowles HansonSecretary Thru 12/31/24
Jim ArnoldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$75,817
Program Service Revenue
$0
Investment Income
$80,629
Other Revenue
$0
All Other Contributions
$75,817
Change in Net Assets
$2,503
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$130,000
Other Expenses$23,943
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$130,000--$130,000
Fees for Service Investment Mgmnt Fees-$18,632-$18,632
Fees for Services Accounting-$3,594-$3,594
Information Technology-$1,717-$1,717
Total Functional Expenses$130,000$23,943$0$153,943
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Avenues for YouthMinneapolis, MN501(c)(3)Youth and Families Facing Homelessness$10,000
Groveland Emergency Food ShelfMinneapolis, MN501(c)(3)Accessible Food$10,000
Mn Assistance Council for VeteransSt Paul, MN501(c)(3)General Operating to Support the Veteran Community.$10,000
The Lift GarageMinneapolis, MN501(c)(3)General Operating Support, Which Will Help Provide Low-cost Car Repairs for Low-income Individuals and Help Them Retain And/or Re-establish Stability and Housing.$10,000
TubmanMinneapolis, MN501(c)(3)Youth Supportive Housing Program$10,000
University Episcopal CommunityMinneapolis, MN501(c)(3)Affordable Housing, Food$8,500
Agate Housing and ServicesMinneapolis, MN501(c)(3)Programs to End Homelessness$6,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“The directors of wells foundation are elected by the executive committee of the cathedral church of st. Mark. The board of directors of wells foundation recommend a list of nominees.”

Form 990, Part VI, Section A, Line 7B

“Amendments to the articles of wells foundation are subject to a two-thirds majority approval by the executive committee of the cathedral church of st. Mark.”

Form 990, Part VI, Section A, Line 8B

“Wells foundation does have committees: grant, communications, finance/exec. Committees. Individual committee minutes are not taken, however committees report to the board and the committee work is written into the minutes. Committees cannot approve any spending, rather make recommendations to the board for approval.”

Form 990, Part VI, Section B, Line 11B

“A draft of the 990 return is reviewed by the finance committee and then submitted to the board of directors for approval. Once approved by the board of directors, the return is filed.”

Form 990, Part VI, Section B, Line 12C

“On an annual basis, the board reviews the conflict of interest statements submitted by the board members.”

Form 990, Part VI, Section C, Line 19

“Governing documents and grants are available to the public on the foundation's website.”

Filing and Contact Details

Filer

Filer Name
Wells Memorial Inc
EIN
41-0694711
Phone
6123828051
Address
519 OAK GROVE STREET, MINNEAPOLIS, MN 55403
Doing Business As
Wells Foundation

Signing Officer

Name
Martha Hoover
Title
President
Phone
6123828051
Signed
2025-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martha Hoover
Formed
1930
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Akins Henke and Company
Address
600 INWOOD AVENUE NORTH SUITE 140, OAKDALE, MN 55128
Preparer
Chris J Henke
Phone
6516363806
Raw XML AppendixShowing 400 of 464 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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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARTHA HOOVER
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt091460
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt073250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt076629
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt065849
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt079104
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0370649
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt045902
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt042650
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt038960
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt034459
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt031827
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0193798
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.42920
IRS990ScheduleA/PublicSupportPY170Pct00.40960
IRS990ScheduleA/PublicSupportTotal170Amt0242265
IRS990ScheduleA/SubstantialContributorsTotAmt0128384
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt075817
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt073250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt076629
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt065849
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt079104
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0370649
IRS990ScheduleA/TotalSupportAmt0564447
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01768968
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01943280
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt055000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0229312
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01598057
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01768968
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt062000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0232911
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01500137
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01598057
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt063797
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0161717
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01807564
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01500137
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt061020
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-246407
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01424541
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01807564
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt035000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0418023
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/CashGrantAmt310000
IRS990ScheduleI/RecipientTable/CashGrantAmt410000
IRS990ScheduleI/RecipientTable/CashGrantAmt56000
IRS990ScheduleI/RecipientTable/CashGrantAmt68500
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IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0YOUTH AND FAMILIES FACING HOMELESSNESS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL OPERATING SUPPORT, WHICH WILL HELP PROVIDE LOW-COST CAR REPAIRS FOR LOW-INCOME INDIVIDUALS AND HELP THEM RETAIN AND/OR RE-ESTABLISH STABILITY AND HOUSING.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2ACCESSIBLE FOOD
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3YOUTH SUPPORTIVE HOUSING PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4GENERAL OPERATING TO SUPPORT THE VETERAN COMMUNITY.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5PROGRAMS TO END HOMELESSNESS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6AFFORDABLE HOUSING, FOOD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AVENUES FOR YOUTH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1THE LIFT GARAGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2GROVELAND EMERGENCY FOOD SHELF
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3TUBMAN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4MN ASSISTANCE COUNCIL FOR VETERANS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5AGATE HOUSING AND SERVICES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6UNIVERSITY EPISCOPAL COMMUNITY
IRS990ScheduleI/RecipientTable/RecipientEIN0411765140
IRS990ScheduleI/RecipientTable/RecipientEIN1454444338
IRS990ScheduleI/RecipientTable/RecipientEIN2411933266
IRS990ScheduleI/RecipientTable/RecipientEIN3411240048
IRS990ScheduleI/RecipientTable/RecipientEIN4411694717
IRS990ScheduleI/RecipientTable/RecipientEIN5010639118
IRS990ScheduleI/RecipientTable/RecipientEIN6410705809
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01708 OAK PARK AVENUE NORTH
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12401 E LAKE STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21900 NICOLLET AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt34432 CHICAGO AVENUE S
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt41000 UNIVERSITY AVE W SUITE 10
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt52309 NICOLLET AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt61101 W BROADWAY AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm2MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm3MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm4ST PAUL
IRS990ScheduleI/RecipientTable/USAddress/CityNm5MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm6MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6MN
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION PERFORMS SITE VISITS AND PROCURES REPORTS OF GRANT MONEY USED FROM GRANTEES ON AN ANNUAL BASIS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt07
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DIRECTORS OF WELLS FOUNDATION ARE ELECTED BY THE EXECUTIVE COMMITTEE OF THE CATHEDRAL CHURCH OF ST. MARK. THE BOARD OF DIRECTORS OF WELLS FOUNDATION RECOMMEND A LIST OF NOMINEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AMENDMENTS TO THE ARTICLES OF WELLS FOUNDATION ARE SUBJECT TO A TWO-THIRDS MAJORITY APPROVAL BY THE EXECUTIVE COMMITTEE OF THE CATHEDRAL CHURCH OF ST. MARK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WELLS FOUNDATION DOES HAVE COMMITTEES: GRANT, COMMUNICATIONS, FINANCE/EXEC. COMMITTEES. INDIVIDUAL COMMITTEE MINUTES ARE NOT TAKEN, HOWEVER COMMITTEES REPORT TO THE BOARD AND THE COMMITTEE WORK IS WRITTEN INTO THE MINUTES. COMMITTEES CANNOT APPROVE ANY SPENDING, RATHER MAKE RECOMMENDATIONS TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT OF THE 990 RETURN IS REVIEWED BY THE FINANCE COMMITTEE AND THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL. ONCE APPROVED BY THE BOARD OF DIRECTORS, THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ON AN ANNUAL BASIS, THE BOARD REVIEWS THE CONFLICT OF INTEREST STATEMENTS SUBMITTED BY THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND GRANTS ARE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01865025
IRS990/TotalAssetsEOYAmt02034740
IRS990/TotalAssetsGrp/BOYAmt01865025
IRS990/TotalAssetsGrp/EOYAmt02034740
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt075817

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