Civic Intelligence

Wellark Foundation

EIN 87-4134076 • 501(c)3 • Santa Clara, CA

Pub. 78 Eligible990-N Coverage

Profile

Provide low-priced traditional Chinese medicine service and related medical education

2010 El Camino Real 2298Santa Clara, CA 95050

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

63rd percentile

9.3%

Higher net margin than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

97th percentile

423%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

213%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$5,928

Up $4,795 (+423%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$5,928

Up $4,795 (+423%) from 2022

Operations
Liabilities / Revenue62nd percentileNet Margin63rd percentile

Revenue

Up

$51,286

Up $34,885 (+213%) from 2022

Expenses

Up

$46,491

Up $31,223 (+204%) from 2022

Net Income

Up

$4,795

Up $3,662 (+323%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth97th percentile

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

$6.0K$4.0K$2.0K$0Assets 2022: $1,133Liabilities 2022: $0Net Assets 2022: $1,1332022Assets 2023: $5,928Liabilities 2023: $0Net Assets 2023: $5,9282023

Highlighted filing

2023

Assets$5,928
Liabilities$0
Net Assets$5,928
Open 2023 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0Revenue 2022: $16,401Expenses 2022: $15,268Net Income 2022: $1,1332022Revenue 2023: $51,286Expenses 2023: $46,491Net Income 2023: $4,7952023

Highlighted filing

2023

Revenue$51,286
Expenses$46,491
Net Income$4,795
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,928
Liabilities
$0
Net assets
$5,928
Revenue
$51,286
Expenses
$46,491
Net income
$4,795
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$5.93$0.00$5.93$51.3$46.5$4.80
2022Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$16.4$15.3$1.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 25, 2024
Return Version
2023v5.1
Gross Receipts
$51,286
Mission and Program Overview

Mission

Provide low-priced traditional Chinese medicine service and related medical education

Program Services

DescriptionGrantsExpenses
PROVIDE LOW-PRICED TRADITIONAL CHINESE MEDICINE AND RELATED EDUCATION TO THE PUBLIC-$5,723
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PEY LUNG FUPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Wellark Foundation
EIN
87-4134076
Address
2010 EL CAMINO REAL 2298, SANTA CLARA, CA 95050

Signing Officer

Name
Pey Lung Fu
Title
President
Signed
2024-09-25
Discuss with paid preparer
Yes

Preparer

Firm
Turbo Tuition Inc
Address
295 Maui Circle, Union City, CA 94587
Preparer
Grace Yao
Phone
4085691917
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $2480”

Other Expenses.1003

“Information Technology $315”

Other Expenses.1

“ACUPUNCTURE COST $5724”

Other Expenses.2

“LICENSE AND TAXES $218”

Raw XML Appendix137 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/AddressChangeInd0X
IRS990EZ/BooksInCareOfDetail/PersonNm0PEY LUNG FU
IRS990EZ/BooksInCareOfDetail/PhoneNum06507729066
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01044 PRINCESS ANNE DR
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SAN JOSE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd095128
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt01133
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt05928
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt042261
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt04795
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt04488
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt01133
IRS990EZ/Form990TotalAssetsGrp/EOYAmt05928
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt06500
IRS990EZ/GrossReceiptsAmt051286
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt01133
IRS990EZ/NetAssetsOrFundBalancesEOYAmt05928
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt01133
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt05928
IRS990EZ/OccupancyRentUtltsAndMaintAmt026766
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt08.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0PEY LUNG FU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt08737
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Provide low-priced traditional Chinese medicine service and related medical education
IRS990EZ/ProgramServiceRevenueAmt09025
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE LOW-PRICED TRADITIONAL CHINESE MEDICINE AND RELATED EDUCATION TO THE PUBLIC
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt05723
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt046491
IRS990EZ/TotalProgramServiceExpensesAmt05723
IRS990EZ/TotalRevenueAmt051286
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt042261
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt016401
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt058662
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt058662
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt042261
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt016401
IRS990ScheduleA/Total509Grp/TotalAmt058662
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt042261
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt016401
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt058662
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $2480
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Information Technology $315
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACUPUNCTURE COST $5724
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LICENSE AND TAXES $218
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PEY LUNG FU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WELLARK FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0WELL
ReturnHeader/Filer/EIN0874134076
ReturnHeader/Filer/USAddress/AddressLine1Txt02010 EL CAMINO REAL 2298
ReturnHeader/Filer/USAddress/CityNm0SANTA CLARA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095050
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0300682609
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TURBO TUITION INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0295 Maui Circle
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Union City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094587
ReturnHeader/PreparerPersonGrp/PhoneNum04085691917
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Grace Yao
ReturnHeader/ReturnTs02024-09-25T21:26:12-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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