2020-11-13T15:24:33-06:00 2019-12-31 202002973 KRS CPAS LLC 80 ROUTE 4 EAST SUITE 370 PARAMUS NJ 07652 990 2019-01-01 203823604 WELLS MOUNTAIN INITIATIVE INC WELL 8024534065 25D MAIN STREET BRISTOL VT 05443 THOMAS M WELLS DIRECTOR/PRESIDENT 8024534065 2020-11-13 1 GERALD A SHANKER P00009777 2016557411 2020-11-13 64.88.174.3 2020-11-13 09:32:37 ES P 5CB214976CD782AB647F34E622AAF9968172B702 96CEC110FF226B7B29F4D90636D3F2B858DA3A44 2019 2021-01-29 14:40:06Z THOMAS M WELLS 19 MAIN STREET BRISTOL VT 05443 1377165 0 X WWW.WELLSMOUNTAININITIATIVE.ORG X FOUNDATION 2005 VT TO 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. 23 23 6 0 133047 0 534809 606059 0 0 110155 132500 24654 27076 669618 765635 379022 365882 0 0 173093 194876 0 0 0 155407 95090 707522 655848 -37904 109787 1502044 1605271 7987 1427 1494057 1603844 TO 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. 0 0 541042 365882 606059 PROVIDED PROGRAMMING AND FUNDING FOR YOUNG PEOPLE AND INITIATIVES IN THE DEVELOPING WORLD TO SUPPORT POST-SECONDARY EDUCATION, LEADERSHIP DEVELOPMENT AND COMMUNITY DEVELOPMENT. 541042 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 6 1 1 1 0 0 0 0 0 0 0 0 0 X 23 23 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 VT X THE ORGANIZATION 8024534065 25D MAIN STREET BRISTOL VT 05443 JT BOLGER DIRECTOR 1.00 X 0 0 0 ROBERT DILL DIRECTOR 1.00 X 0 0 0 CHRISTOPHER LUTZ DIRECTOR 1.00 X 0 0 0 KENNETH FORESTER DIRECTOR 1.00 X 0 0 0 BRENT EDMONDS DIRECTOR 1.00 X 0 0 0 DENIS SALAMONE DIRECTOR 1.00 X 0 0 0 GWENAEL APOLLON DIRECTOR 1.00 X 0 0 0 ERNIE LAMOUR DIRECTOR 1.00 X 0 0 0 MARIANNE DILL DIRECTOR 1.00 X 0 0 0 ROBERT JONES DIRECTOR 1.00 X 0 0 0 RICK KUSHEL DIRECTOR 1.00 X 0 0 0 SETA NAZARIAN DIRECTOR 1.00 X 0 0 0 GAIL NYSTROM DIRECTOR 1.00 X 0 0 0 NICOLE SCHMITZ DIRECTOR & SCHOLAR COORDIN 20.00 X 26659 0 0 LEANNE TINGAY DIRECTOR 1.00 X 0 0 0 PHILIP WELLS DIRECTOR 1.00 X 0 0 0 MARY CLARK ROMNEY DIRECTOR 1.00 X 0 0 0 SUSAN HUNT DIRECTOR 1.00 X 0 0 0 DIDIER BLESIN DIRECTOR 1.00 X 0 0 0 RICK CLAYDON DIRECTOR 1.00 X 0 0 0 THOMAS M WELLS DIRECTOR/PRESIDENT & TREAS 4.00 X 0 0 0 JORDYN WELLS DIRECTOR/MANAGING DIRECTOR 40.00 X 85049 0 0 CAROL WELLS DIRECTOR/SECRETARY 1.50 X 0 0 0 111708 0 0 0 0 0 0 0 606059 606059 52118 52118 691400 611018 80382 80382 80382 27041 512 26529 26529 INCOME FROM PASSTHROUG 523000 547 547 547 765635 0 133047 26529 1322 1322 364560 364560 179050 112778 66272 2129 691 1438 13697 8627 5070 3832 1916 1916 14492 14492 1500 500 1000 340 340 25829 16452 9377 2300 2300 20929 19479 1450 BANK & CREDIT CARD FEES 7615 5032 2583 PRINTING AND REPRODUCTI 7442 110 7332 OUTSIDE SERVICES 4400 4400 DUES AND SUBSCRIPTIONS 3536 3536 2875 2875 655848 541042 114806 0 268750 252654 1233073 1351920 221 697 1502044 1605271 7987 1427 7987 1427 X 0 0 0 0 1494057 1603844 1494057 1603844 1502044 1605271 109787 0 X 0 0 0 X 185713 301228 1411483 543909 606059 3048392 185713 301228 1411483 543909 606059 3048392 3048392 3048392 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1163668 256364 65000 1355032 1361386 -122556 75162 1163668 372585 988801 1361386 372585 372585 431123 30000 88538 372585 0 0 0 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION;LISTTOTAL 2000 14200 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,, SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION;LISTTOTAL 3300 500 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION;LISTTOTAL 102341 3300 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 1.SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION 2. PROGRAMMING WE HAVE AN OFFICE IN NAIROBI, KENYA AND A COORDINATOR THAT PROVIDES BOTH REGIONAL AND GLOBAL PROGRAM SUPPORT. 134968 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION 2800 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION 1737 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION 25447 0 0 0 0 0 0 182952 0 182952 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, WMI SERVES AS A US FISCAL SPONSOR FOR YMCA D'HAITI & COMMUNITY PROGRAMMING. YMCA D'HATI IS COMMITTED TO EMPOWERING YOUTH AND STRENGTHENING COMMUNITIES. FOR MORE THAN 15 YEARS, THE YMCA D'HATI HAS BEEN HARD AT WORK ESTABLISHING COMMUNITY CENTERS AND IS CURRENTLY IMPLEMENTING PROGRAMS IN TEN COMMUNITIES. 107500 WIRE TRANSFER CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, WMI SERVES AS THE US FISCAL SPONSOR FOR THE COSTA RICAN HUMANITARIAN FOUNDATION (CRHF). CRHF IS A NON-PROFIT ORGANIZATION COMMITTED TO DEVELOPING CREATIVE AND ECONOMICAL SOLUTIONS TO A WIDE RANGE OF SOCIAL PROBLEMS IN COSTA RICA. THE CRHF PROVIDES OPPORTUNITIES TO EXCHANGE FRIENDSHIP, GOODS, SERVICES, AND FINANCIAL RESOURCES FOR CRITICAL NEEDS AMONG DIFFERENT CULTURES, SOCIO-ECONOMIC CLASSES, AND LANGUAGE GROUPS. 26935 WIRE TRANSFER SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGIONSCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA, FASO, 210 WIRE TRANSFER SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 27 WIRE TRANSFER SCHOLARSHIP TO RECIPIENT LOCATED IN REGION CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 7 WIRE TRANSFER SCHOLARSHIP TO RECIPIENT LOCATED IN REGION MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 2 WIRE TRANSFER SCHOLARSHIP TO RECIPIENT LOCATED IN REGION SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 4 WIRE TRANSFER SCHOLARSHIP TO RECIPIENT LOCATED IN REGION EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 4 WIRE TRANSFER SCHOLARSHIP TO RECIPIENT LOCATED IN REGION NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 52 WIRE TRANSFER 0 0 0 0 0 0 PART I, LINE 2: WMI SCHOLARS ARE SELECTED THROUGH THE SUBMISSION OF AN ONLINE APPLICATION AND UNDER GO A 5-STAGE REVIEW PROCESS. WMI ACCEPTS APPLICATION 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 ARE AND REQUIRED TO PARTICIPATE IN 1:1 PROJECT DEVELOPMENT SESSIONS WITH PROGRAM STAFF AND PROVIDE 3 & 6 MONTH AND 1 YEAR FINANCIAL AND IMPACT UPDATES. ;LISTTOTAL 10750 PART III ACCOUNTING METHOD: AUCTION 27041 27041 512 27041 27041 512 512 26529 FORM 990, PART VI, SECTION A, LINE 2 THOMAS WELLS, WHO IS THE PRESIDENT SITS ON THE BOARD WITH BOTH HIS WIFE CAROL WELLS AND HIS DAUGHTER JORDYN WELLS. FORM 990, PART VI, SECTION B, LINE 11B 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 C, LINE 19 FORM 990 PART VI, SECTION C, LINE 19: THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, FINANCIAL INFORMATION AND TAX FILINGS AVAIABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC THOMAS M. WELLS - 25D MAIN STREET, BRISTOL, VT 05443. JORDYN WELLS - 308 19TH ST,, BROOKLYN, NY 11215. CAROL WELLS - 25D MAIN STREET, BRISTOL, VT 05443. J.T BOLGER - 112 LINCOLN AVENUE, WEST MILFORD, NJ 07480. ROBERT DILL - 101 WASHINGTON AVENUE, SPRING LAKE, NJ 07762.