Civic Intelligence

Wellsky Foundation

990 • Fiscal year 2020 • EIN 84-1757276

Jul 01, 2019 to Jun 30, 2020 • Filed on May 10, 2021

11300 Switzer RdOverland Park, KS 66210

(913) 307-1000

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

81st percentile

34%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$119,452

No earlier filing loaded for comparison.

Net Assets

$119,452

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$351,624

No earlier filing loaded for comparison.

Expenses

$232,172

No earlier filing loaded for comparison.

Net Income

$119,452

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2020: $119,452Liabilities 2020: $0Net Assets 2020: $119,4522020Assets 2021: $419,097Liabilities 2021: $0Net Assets 2021: $419,0972021Assets 2022: $701,316Liabilities 2022: $0Net Assets 2022: $701,3162022Assets 2023: $588,564Liabilities 2023: $0Net Assets 2023: $588,5642023Assets 2024: $724,274Liabilities 2024: $0Net Assets 2024: $724,2742024

Highlighted filing

2020

Assets$119,452
Liabilities$0
Net Assets$119,452

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $351,624Expenses 2020: $232,172Net Income 2020: $119,4522020Revenue 2021: $576,265Expenses 2021: $276,620Net Income 2021: $299,6452021Revenue 2022: $594,397Expenses 2022: $312,178Net Income 2022: $282,2192022Revenue 2023: $670,777Expenses 2023: $783,529Net Income 2023: -$112,7522023Revenue 2024: $957,852Expenses 2024: $822,142Net Income 2024: $135,7102024

Highlighted filing

2020

Revenue$351,624
Expenses$232,172
Net Income$119,452
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 10, 2021
Return Version
2019v5.2
Gross Receipts
$351,624
Mission and Program Overview

Mission

See schedule o our mission is to improve the quality of life for vulnerable populations by removing social barriers to recovery and wellness. The wellsky foundation is an engine for change, financially supporting organizations that enable care and healing for people, regardless of their socioeconomic status.we know that caring for the whole person - considering their communities, families, and social support systems - results in better outcomes, lower costs, and sustainable care. Together with the organizations we support, we are elevating care and connecting people to resources that increase opportunities for lasting health and wellness.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$119,452▲ $119,452
Rtn Earn Endowment Incm Other Fnds$0$119,452▲ $119,452
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$119,452▲ $119,452
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$119,452▲ $119,452
Total Liabilities and Net Assets / Fund Balance$0$119,452▲ $119,452
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andrea MorganPresident
Shoma ThomasDirector
Stephen MorganDirector
William MillerDirector
Robert WeberSecretary
Robert WatkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$351,624
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$105,159
Change in Net Assets
$119,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$165,882
Other Expenses$66,290
Total Fundraising Expense$36,019
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$165,882--$165,882
Information Technology-$13,598-$13,598
All Other Expenses-$1,807$1,500$3,307
Other Expenses-$2,031$10,630$2,031
Travel-$1,714-$1,714
Fees for Services Legal-$1,500-$1,500
Conferences and Meetings-$121-$121
Total Functional Expenses$165,882$30,271$36,019$232,172
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
HEPHZIBAH CHILDREN'S ASSOCIATIONOak Park, IL501(c)3General Cash Grant$50,000
Midland Care Connection IncTopeka, KS501(c)3General Cash Grant$50,000
Mobile Loaves & Fishes IncAustin, TX501(c)3General Cash Grant$50,000
Uplift Organization IncKansas City, MO501(c)3General Cash Grant$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Kickoff Event$151,498---
Wellness Week$36,000---
Total Events$207,892---
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
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 2

Stephen morgan (director) and andrea morgan (president) are a married couple. William miller (director), stephen morgan (director), robert weber (secretary) and robert watkins (director and treasurer) are senior executives of wellsky corporation.

Form 990, Part VI, Section A, Line 6

The foundation shall have one member. The member shall be wellsky corporation, a kansas corporation.

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

The member shall have the power to appoint and remove trustees at any time.

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

None of the following transactions or actions may be consummated or undertaken unless first approved by the member: 1. Any amendments of the articles of incorporation or bylaws 2. Any appointment, election or removal of directors 3. Any incurrence of indebtedness by the foundation in excess of $10,000 4. Any fundamental change in corporate form (such as dissolution, merger or consolidation with another corporation) 5. Any organization or formation by the foundation of any affiliate or subsidiary to be controlled by the foundation

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

The tax return will be prepared by an outside accounting firm and reviewed by an internal committee prior to filing. Upon review and approval, the board will file the tax return.

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

The organization requires each director, principal officer, and member of a committee with governing board delegated powers to annually sign a statement which affirms such person has received a copy of the conflicts of interest policy, has read and understands the policy, and has agreed to comply with the policy. If a director or officer has an interest that could give rise to conflict, that director or officer recuses themselves from any discussion and voting that affects their interest.

Form 990, Part VI, Section C, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Wellsky Foundation
EIN
84-1757276
Phone
9133071000
Address
11300 SWITZER RD, OVERLAND PARK, KS 66210

Signing Officer

Name
Andrea Morgan
Title
President
Phone
9133071000
Signed
2021-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea Morgan
Formed
2019
Legal Domicile
Ks
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
12

Preparer

Firm
Rsm US Llp
Address
4622 PENNSYLVANIA AVE STE 1100, KANSAS CITY, MO 64112
Preparer
Ed Bartak
Phone
8167533000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Our mission is to improve the quality of life for vulnerable populations by removing social barriers to recovery and wellness. The wellsky foundation is an engine for change, financially supporting organizations that enable care and healing for people, regardless of their socioeconomic status. We know that caring for the whole person - considering their communities, families, and social support systems - results in better outcomes, lower costs, and sustainable care. Together with the organizations we support, we are elevating care and connecting people to resources that increase opportunities for lasting health and wellness.

Form 990, Part III, Line 1

Our mission is to improve the quality of life for vulnerable populations by removing social barriers to recovery and wellness. The wellsky foundation is an engine for change, financially supporting organizations that enable care and healing for people, regardless of their socioeconomic status. We know that caring for the whole person - considering their communities, families, and social support systems - results in better outcomes, lower costs, and sustainable care. Together with the organizations we support, we are elevating care and connecting people to resources that increase opportunities for lasting health and wellness.

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IRS990ScheduleI/RecipientTable/USAddress/CityNm2AUSTIN
IRS990ScheduleI/RecipientTable/USAddress/CityNm3KANSAS CITY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1KS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060301
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd278724
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd364127
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0WELLSKY HAS AN ESTABLISHED DISTRIBUTION POLICY. GRANTS ARE MADE ON ANNUAL BASIS ACCORDING TO DISTRIBUTION POLICY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR VULNERABLE POPULATIONS BY REMOVING SOCIAL BARRIERS TO RECOVERY AND WELLNESS. THE WELLSKY FOUNDATION IS AN ENGINE FOR CHANGE, FINANCIALLY SUPPORTING ORGANIZATIONS THAT ENABLE CARE AND HEALING FOR PEOPLE, REGARDLESS OF THEIR SOCIOECONOMIC STATUS. WE KNOW THAT CARING FOR THE WHOLE PERSON - CONSIDERING THEIR COMMUNITIES, FAMILIES, AND SOCIAL SUPPORT SYSTEMS - RESULTS IN BETTER OUTCOMES, LOWER COSTS, AND SUSTAINABLE CARE. TOGETHER WITH THE ORGANIZATIONS WE SUPPORT, WE ARE ELEVATING CARE AND CONNECTING PEOPLE TO RESOURCES THAT INCREASE OPPORTUNITIES FOR LASTING HEALTH AND WELLNESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OUR MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR VULNERABLE POPULATIONS BY REMOVING SOCIAL BARRIERS TO RECOVERY AND WELLNESS. THE WELLSKY FOUNDATION IS AN ENGINE FOR CHANGE, FINANCIALLY SUPPORTING ORGANIZATIONS THAT ENABLE CARE AND HEALING FOR PEOPLE, REGARDLESS OF THEIR SOCIOECONOMIC STATUS. WE KNOW THAT CARING FOR THE WHOLE PERSON - CONSIDERING THEIR COMMUNITIES, FAMILIES, AND SOCIAL SUPPORT SYSTEMS - RESULTS IN BETTER OUTCOMES, LOWER COSTS, AND SUSTAINABLE CARE. TOGETHER WITH THE ORGANIZATIONS WE SUPPORT, WE ARE ELEVATING CARE AND CONNECTING PEOPLE TO RESOURCES THAT INCREASE OPPORTUNITIES FOR LASTING HEALTH AND WELLNESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2STEPHEN MORGAN (DIRECTOR) AND ANDREA MORGAN (PRESIDENT) ARE A MARRIED COUPLE. WILLIAM MILLER (DIRECTOR), STEPHEN MORGAN (DIRECTOR), ROBERT WEBER (SECRETARY) AND ROBERT WATKINS (DIRECTOR AND TREASURER) ARE SENIOR EXECUTIVES OF WELLSKY CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION SHALL HAVE ONE MEMBER. THE MEMBER SHALL BE WELLSKY CORPORATION, A KANSAS CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MEMBER SHALL HAVE THE POWER TO APPOINT AND REMOVE TRUSTEES AT ANY TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NONE OF THE FOLLOWING TRANSACTIONS OR ACTIONS MAY BE CONSUMMATED OR UNDERTAKEN UNLESS FIRST APPROVED BY THE MEMBER: 1. ANY AMENDMENTS OF THE ARTICLES OF INCORPORATION OR BYLAWS 2. ANY APPOINTMENT, ELECTION OR REMOVAL OF DIRECTORS 3. ANY INCURRENCE OF INDEBTEDNESS BY THE FOUNDATION IN EXCESS OF $10,000 4. ANY FUNDAMENTAL CHANGE IN CORPORATE FORM (SUCH AS DISSOLUTION, MERGER OR CONSOLIDATION WITH ANOTHER CORPORATION) 5. ANY ORGANIZATION OR FORMATION BY THE FOUNDATION OF ANY AFFILIATE OR SUBSIDIARY TO BE CONTROLLED BY THE FOUNDATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE TAX RETURN WILL BE PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY AN INTERNAL COMMITTEE PRIOR TO FILING. UPON REVIEW AND APPROVAL, THE BOARD WILL FILE THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION REQUIRES EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS TO ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. IF A DIRECTOR OR OFFICER HAS AN INTEREST THAT COULD GIVE RISE TO CONFLICT, THAT DIRECTOR OR OFFICER RECUSES THEMSELVES FROM ANY DISCUSSION AND VOTING THAT AFFECTS THEIR INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0WELLSKY CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1CLEARCARE INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2WELLSKY HOME HEALTH & HOSPICE CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0WELLSKY FINANCIAL SERVICES LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1CCO INSURANCE SOLUTIONS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2CKS PRODUCTIONS LLC
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IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0ACUTE AND POST-ACUTE TECHNOLOGY PROVIDER
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1ACUTE AND POST-ACUTE TECHNOLOGY PROVIDER
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt2ACUTE AND POST-ACUTE TECHNOLOGY PROVIDER
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