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WELLS MOUNTAIN INITIATIVE INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
WELLS MOUNTAIN INITIATIVE INC (EIN 20-3823604)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-04
IRS object ID
202413099349301001
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-04T07:12:39-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN231144520PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TAIT WELLER & BAKER LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 SOUTH 16TH STREET SUITE 2900AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19102ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203823604EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WELLS MOUNTAIN INITIATIVE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWELLBusinessNameControlTxt
Phone8024534065PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line125D MAIN STREETAddressLine1Txt
CityBRISTOLCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05443ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLISA MEADOWCROFTPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone8024534065PhoneNum
Signature2024-11-04SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHARRISON PEREIRAPreparerPersonNm
PTINP00746867PTIN
Phone2159798800PhoneNum
Preparation2024-10-03PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTHOMAS M WELLSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line119 MAIN STREETAddressLine1Txt
CityBRISTOLCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05443ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,753,427GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WELLSMOUNTAININITIATIVE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2005FormationYr
Legal Domicile StateVTLegalDomicileStateCd
Activity Or MissionTO CREATE SOCIAL CHANGE THROUGH EDUCATION AND COMMUNITY BUILDING BY PROVIDING BRIGHT YOUNG PEOPLE IN THE DEVELOPING WORLD WITH STUDENT SCHOLARSHIPS AND SKILLS TRAINING, BUILDING A NETWORK OF GRASSROOTS LEADERS WHO ARE CATALYZING COMMUNITY TRANSFORMATION.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee7TotalEmployeeCnt
Total Volunteers194TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$434,272PYContributionsGrantsAmt
CY Contributions Grants$882,627CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income-$366,692PYInvestmentIncomeAmt
CY Investment Income$68,311CYInvestmentIncomeAmt
PY Other Revenue$16,602PYOtherRevenueAmt
CY Other Revenue$7,715CYOtherRevenueAmt
PY Total Revenue$84,182PYTotalRevenueAmt
CY Total Revenue$958,653CYTotalRevenueAmt
PY Grants And Similar Paid$539,924PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$395,840CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$334,171PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$495,605CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$124,153CYTotalFundraisingExpenseAmt
PY Other Expenses$133,970PYOtherExpensesAmt
CY Other Expenses$295,387CYOtherExpensesAmt
PY Total Expenses$1,008,065PYTotalExpensesAmt
CY Total Expenses$1,186,832CYTotalExpensesAmt
PY Revenues Less Expenses-$923,883PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$228,179CYRevenuesLessExpensesAmt
Total Assets BOY$2,143,910TotalAssetsBOYAmt
Total Assets EOY$2,102,460TotalAssetsEOYAmt
Total Liabilities BOY$2,214TotalLiabilitiesBOYAmt
Total Liabilities EOY$25,446TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,141,696NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,077,014NetAssetsOrFundBalancesEOYAmt
MissionTO CREATE SOCIAL CHANGE THROUGH EDUCATION AND COMMUNITY BUILDING BY PROVIDING BRIGHT YOUNG PEOPLE IN THE DEVELOPING WORLD WITH STUDENT SCHOLARSHIPS AND SKILLS TRAINING, BUILDING A NETWORK OF GRASSROOTS LEADERS WHO ARE CATALYZING COMMUNITY TRANSFORMATION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$894,728ExpenseAmt
Grant$395,840GrantAmt
DescPROVIDED PROGRAMMING AND FUNDING FOR YOUNG PEOPLE AND INITIATIVES IN THE DEVELOPING WORLD TO SUPPORT POST-SECONDARY EDUCATION, LEADERSHIP DEVELOPMENT AND COMMUNITY DEVELOPMENT.Desc
Total Program Service Expenses$894,728TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To OrgYes (1)MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (1)MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee7EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldVTStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8024534065PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line125D MAIN STREETAddressLine1Txt
CityBRISTOLCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05443ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
THOMAS M WELLS
CHAIRMAN4.00Yes (X)Yes (X)$0$0$0
RICK KUSHEL
TREASURER1.00Yes (X)Yes (X)$0$0$0
MARY CLARK ROMNEY
SECRETARY1.00Yes (X)Yes (X)$0$0$0
ROBERT DILL
DIRECTOR1.00Yes (X)$0$0$0
CHRISTOPHER LUTZ
DIRECTOR1.00Yes (X)$0$0$0
KENNETH FORESTER
DIRECTOR1.00Yes (X)$0$0$0
GWENAEL APOLLON
DIRECTOR1.00Yes (X)$0$0$0
DIDIER BLESIN
DIRECTOR1.00Yes (X)$0$0$0
GAIL NYSTROM
DIRECTOR1.00Yes (X)$0$0$0
RICK CLAYDON
DIRECTOR1.00Yes (X)$0$0$0
PAUL JERUCHIMOWITZ
DIRECTOR1.00Yes (X)$0$0$0
AFOLOBI OGUNNAIKE
DIRECTOR1.00Yes (X)$0$0$0
MARGARET RUSH
DIRECTOR1.00Yes (X)$0$0$0
JORDYN WELLS
EXECUTIVE DIRECTOR UNTIL JULY 202340.00Yes (X)$94,365$0$2,315
LISA MEADOWCROFT
EXECUTIVE DIRECTOR - CURRENT40.00Yes (X)$83,880$0$10,000
FieldValueIRS element (for citing)
Total Reportable Comp From Org$178,245TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$12,315TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$4,250FundraisingAmt
All Other Contributions$878,377AllOtherContributionsAmt
Total Contributions$882,627TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$69,101TotalRevenueColumnAmt
Exclusion$69,101ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,792,477SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,793,267SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$790SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$790TotalRevenueColumnAmt
Exclusion-$790ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$9,222FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$4,250ContriRptFundraisingEventAmt
Fundraising Direct Expenses$1,507FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,715TotalRevenueColumnAmt
Exclusion$7,715ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$958,653TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$76,026ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$395,840TotalAmt
Program Services$395,840ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$190,560TotalAmt
Program Services$127,563ProgramServicesAmt
Management And General$9,762ManagementAndGeneralAmt
Fundraising$53,235FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$257,869TotalAmt
Program Services$175,204ProgramServicesAmt
Management And General$30,104ManagementAndGeneralAmt
Fundraising$52,561FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$16,414TotalAmt
Program Services$8,964ProgramServicesAmt
Management And General$2,667ManagementAndGeneralAmt
Fundraising$4,783FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$30,762TotalAmt
Program Services$20,629ProgramServicesAmt
Management And General$2,815ManagementAndGeneralAmt
Fundraising$7,318FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$18,015TotalAmt
Management And General$18,015ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$22,532TotalAmt
Management And General$22,532ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$51,490TotalAmt
Program Services$480ProgramServicesAmt
Management And General$51,010ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$41,174TotalAmt
Program Services$10,931ProgramServicesAmt
Management And General$24,039ManagementAndGeneralAmt
Fundraising$6,204FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$12,896TotalAmt
Program Services$10,917ProgramServicesAmt
Management And General$1,956ManagementAndGeneralAmt
Fundraising$23FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$133,983TotalAmt
Program Services$131,586ProgramServicesAmt
Management And General$2,368ManagementAndGeneralAmt
Fundraising$29FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,606TotalAmt
Management And General$2,606ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$12,691TotalAmt
Program Services$12,614ProgramServicesAmt
Management And General$77ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,186,832TotalAmt
Program Services$894,728ProgramServicesAmt
Management And General$167,951ManagementAndGeneralAmt
Fundraising$124,153FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$198,758BOYAmt
EOY$273,508EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$25,858EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$30,700EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,772,394EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$1,945,152BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,143,910BOYAmt
EOY$2,102,460EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,214BOYAmt
EOY$25,446EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,214BOYAmt
EOY$25,446EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,141,696BOYAmt
EOY$1,315,014EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$762,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,141,696BOYAmt
EOY$2,077,014EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,143,910BOYAmt
EOY$2,102,460EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$228,179ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$186,105NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments-$22,608PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$606,059CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,512,326CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$536,112CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$434,272CurrentTaxYearMinus1YearAmt
Current Tax Year$882,627CurrentTaxYearAmt
Total$4,971,396TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$606,059CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,512,326CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$536,112CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$434,272CurrentTaxYearMinus1YearAmt
Current Tax Year$882,627CurrentTaxYearAmt
Total$4,971,396TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,532,519SubstantialContributorsTotAmt
Public Support Total170$2,438,877PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$69,101CurrentTaxYearAmt
Total$69,101TotalAmt
FieldValueIRS element (for citing)
Total Support$5,040,497TotalSupportAmt
Public Support CY1700.48390PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,980,172BeginningYearBalanceAmt
Contributions$112,813ContributionsAmt
Investment Earnings Or Losses$119,071InvestmentEarningsOrLossesAmt
Administrative Expenses$250,000AdministrativeExpensesAmt
End Year Balance$1,962,056EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,606,431BeginningYearBalanceAmt
Contributions$1,973ContributionsAmt
Investment Earnings Or Losses-$678,910InvestmentEarningsOrLossesAmt
Administrative Expenses$29,322AdministrativeExpensesAmt
End Year Balance$1,900,172EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,290,691BeginningYearBalanceAmt
Contributions$3,132ContributionsAmt
Investment Earnings Or Losses$1,424,480InvestmentEarningsOrLossesAmt
Administrative Expenses$31,872AdministrativeExpensesAmt
End Year Balance$2,686,431EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,355,032BeginningYearBalanceAmt
Contributions$25,190ContributionsAmt
Investment Earnings Or Losses-$52,096InvestmentEarningsOrLossesAmt
Administrative Expenses$37,435AdministrativeExpensesAmt
End Year Balance$1,290,691EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,163,668BeginningYearBalanceAmt
Investment Earnings Or Losses$256,364InvestmentEarningsOrLossesAmt
Administrative Expenses$65,000AdministrativeExpensesAmt
End Year Balance$1,355,032EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.00000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,136,660TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$186,105NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$12,927DonatedServicesAndUseFcltsAmt
Other Revenue$1,507OtherRevenueAmt
Revenue Not Reported$200,539RevenueNotReportedAmt
Revenue Subtotal$936,121RevenueSubtotalAmt
Investment Expenses Not Incld$22,532InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$22,532RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$958,653TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,178,734TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$12,927DonatedServicesUseFcltsAmt
Other Expenses Included$1,507OtherExpensesIncludedAmt
Expenses Not Reported$14,434ExpensesNotReportedAmt
Expenses Subtotal$1,164,300ExpensesSubtotalAmt
Investment Expenses Not Incld2$22,532InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$22,532ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,186,832TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:MANAGEMENT HAS EVALUATED THE INITIATIVE'S TAX POSITIONS AND CONCLUDED THAT THE INITIATIVE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN THE FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:EVENT EXPENSES 1,507.
PART XII, LINE 2D - OTHER ADJUSTMENTS:EVENT EXPENSES 1,507.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (8 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
SOUTH ASIA00SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION$6,950
MIDDLE EAST AND NORTH AFRICA00SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION$3,900
SOUTH AMERICA00SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION$850
SUB-SAHARAN AFRICA00SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION$356,373
CENTRAL AMERICA AND THE CARIBBEAN00SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION$2,525
EAST ASIA AND THE PACIFIC00SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION$7,909
NORTH AMERICA00SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION$4,115
EUROPE (INCLUDING ICELAND & GREENLAND)00SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION$1,968
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$384,590SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$384,590TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
RegionSUB-SAHARAN AFRICARegionTxt
Purpose Of GrantFISCAL PARTNERSHIPPurposeOfGrantTxt
Cash Grant$8,500CashGrantAmt
Manner Of Cash DisbursementWIRE TRANSFERMannerOfCashDisbursementTxt
Non Cash Assistance$0NonCashAssistanceAmt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (8 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGIONCENTRAL AMERICA AND THE CARIBBEAN2$2,525WIRE TRANSFER
SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGIONEAST ASIA AND THE PACIFIC9$7,909WIRE TRANSFER
SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGIONEUROPE (INCLUDING ICELAND & GREENLAND)1$1,968WIRE TRANSFER
SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGIONMIDDLE EAST AND NORTH AFRICA4$3,900WIRE TRANSFER
SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGIONNORTH AMERICA6$4,115WIRE TRANSFER
SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGIONSOUTH AMERICA1$850WIRE TRANSFER
SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGIONSOUTH ASIA6$6,950WIRE TRANSFER
SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGIONSUB-SAHARAN AFRICA284$356,373WIRE TRANSFER
FieldValueIRS element (for citing)
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationWMI SCHOLARS ARE SELECTED THROUGH THE SUBMISSION OF AN ONLINE APPLICATION AND UNDERGO A 5-STAGE REVIEW PROCESS. WMI ACCEPTS APPLICATIONS ONCE A YEAR AND SELECTS ONLY 3-5% OF OVER 1100 APPLICANTS. WMI STUDENT SCHOLARS (SCHOLARS CURRENTLY ENROLLED IN POST-SECONDARY SCHOOL) ARE REQUIRED TO SUBMIT TWO REPORTS A YEAR WITH GRADES, A FINANCIAL REPORT AND COMMUNITY SERVICE REPORT (WE REQUIRE 100 HOURS OF COMMUNITY SERVICE FOR ALL STUDENT SCHOLARS). WMI COMMUNITY DEVELOPMENT GRANTS ARE OPEN ONLY TO GRADUATE SCHOLARS (SCHOLARS WHO HAVE COMPLETED THEIR POST-SECONDARY EDUCATION) AND RANGE FROM 500-1000 USD. GRANTEES ARE ACCEPTED THROUGH A 3 STAGE APPLICATION PROCESS AND ARE REQUIRED TO PARTICIPATE IN 1:1 PROJECT DEVELOPMENT SESSIONS WITH PROGRAM STAFF AND PROVIDE 3 & 6 MONTH AND 1 YEAR FINANCIAL AND IMPACT UPDATES.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2THOMAS WELLS, WHO IS THE BOARD CHAIR, SITS ON THE BOARD WITH HIS DAUGHTER JORDYN WELLS
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS SENT TO CLIENT FOR REVIEW WHERE THEY DISTRIBUTE IT TO GOVERNING BOARD - REVIEW FROM AND ASK ACCOUNTANT QUESTIONS.
FORM 990, PART VI, SECTION B, LINE 12CALL ACTUAL AND POTENTIAL CONFLICTS OF INTERESTS SHALL BE DISCLOSED BY BOARD MEMBERS TO THE WMI GOVERNANCE COMMITTEE AND BOARD CHAIR THROUGH THE ANNUAL DISCLOSURE FORM AND/OR TO THE BOARD WHENEVER A CONFLICT ARISES. DISINTERESTED MEMBERS OF THE WMI GOVERNANCE COMMITTEE AND BOARD CHAIR SHALL MAKE A DETERMINATION AS TO WHETHER A PROHIBITED CONFLICT EXISTS AND WHAT SUBSEQUENT ACTION IS APPROPRIATE (IF ANY). THE WMI BOARD CHAIR SHALL INFORM THE BOARD OF SUCH DETERMINATION AND ACTION. THE BOARD SHALL RETAIN THE RIGHT TO MODIFY OR REVERSE SUCH DETERMINATION AND ACTION, AND SHALL RETAIN THE ULTIMATE ENFORCEMENT AUTHORITY WITH RESPECT TO THE INTERPRETATION AND APPLICATION OF THIS POLICY ON AN ANNUAL BASIS, ALL BOARD MEMBERS SHALL BE PROVIDED WITH A COPY OF THIS POLICY AND REQUIRED TO COMPLETE AND SIGN THE ACKNOWLEDGMENT AND DISCLOSURE FORM
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, FINANCIALS STATEMENTS AND TAX FILINGS AVAILABLE TO THE PUBLIC UPON REQUEST.

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