Nonprofit · EIN 41-0694711
WELLS MEMORIAL INCORPORATED
Tax-exempt · MINNEAPOLIS, MN 55403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $156,446 | $153,943 | $2,503 | $2,034,740 | $0 | $2,034,740 |
| June 30, 2024 | 990 | $144,021 | $135,477 | $8,544 | $1,865,025 | $0 | $1,865,025 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $75,817
- Program service revenue
- $0
- Investment income
- $80,629
- Net gain from sales of assets
- $34,727
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $130,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,594
- Program services (functional)
- $130,000
- Management and general (functional)
- $23,943
Balance sheet and other
- Total assets, start of year
- $1,865,025
- Total assets, end of year
- $2,034,740
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,034,740
- Publicly traded securities
- $1,943,280
- Net assets without donor restrictions
- $2,034,740
- Gross receipts
- $281,157
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1930
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTHA HOOVER | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JOHN NUECHTERLEIN | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| JIM ARNOLD | TREASURER Trustee or director, Officer | 5 | $0 |
| BARBARA KNOWLES HANSON | SECRETARY THRU 12/31/24 Trustee or director, Officer | 5 | $0 |
| HARRIET MCCLEARY | SECRETARY STARTING 1/1/25 Trustee or director, Officer | 5 | $0 |
| DAVID ALBRECHT | BOARD MEMBER Trustee or director | 1 | $0 |
| RACHAEL BABBITT | BOARD MEMBER Trustee or director | 1 | $0 |
| MOLLY BOTT | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID NICKEL | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN RAMSBOTTOM | BOARD MEMBER Trustee or director | 1 | $0 |
| LINDA SCHUBRING | BOARD MEMBER THRU 7/2/24 Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTHA HOOVER | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JOHN NUECHTERLEIN | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| MOLLY BOTT | TREASURER Trustee or director, Officer | 5 | $0 |
| BARBARA KNOWLES HANSON | SECRETARY Trustee or director, Officer | 5 | $0 |
| JIM ARNOLD | BOARD MEMBER Trustee or director | 1 | $0 |
| VERY REV PAUL LEBENS-ENGLUND | BOARD MEMBER Trustee or director | 1 | $0 |
| HARRIET MCCLEARY | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID NICKEL | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN RAMSBOTTOM | BOARD MEMBER Trustee or director | 1 | $0 |
| LINDA SCHUBRING | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 519 OAK GROVE ST, MINNEAPOLIS, MN 55403-3230
- In care of
- % PAR OFFICENTER
- Principal officer (990 for 2024)
- MARTHA HOOVER, 519 OAK GROVE STREET, MINNEAPOLIS, MN 55403
- Signed the 990
- MARTHA HOOVER, PRESIDENT
- Phone
- (612) 382-8051
- Website
- WELLSFOUND.ORG
- Return prepared by
- AKINS HENKE AND COMPANY
Mission
THE WELLS FOUNDATION PROVIDES SOCIAL SERVICE GRANTS TO NONPROFITS PRIMARILY IN THE AREA OF HOMELESSNESS, VETERANS AND YOUTH.
Program accomplishments
- PROVIDED GRANTS TO SUPPORT SOLUTIONS TO HOMELESSNESS AND ITS ASSOCIATED ISSUES. THE FOUNDATION MADE GRANTS RANGING FROM $3,000 TO $10,000 TO 21 DIFFERENT ORGANIZATIONS SERVING HOMELESS YOUTH, VETERANS, CHILDREN AND FAMILIES AS WELL AS FORMERLY HOMELESS FAMILIES IN TRANSITIONAL HOUSING.Expenses $130,000 · grants $130,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0694711
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1926
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $2,034,740
- Income (IRS master file)
- $281,157
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $156,446 | $153,943 | $2,034,740 | XML |
| 990 | June 2024 | $144,021 | $135,477 | $1,865,025 | XML |
| 990 | June 2023 | $104,133 | $127,304 | $1,677,438 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990-EZ | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0694711).
Questions about WELLS MEMORIAL INCORPORATED
- What is the EIN of WELLS MEMORIAL INCORPORATED?
- The employer identification number (EIN) of WELLS MEMORIAL INCORPORATED is 41-0694711.
- Is WELLS MEMORIAL INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1926.
- Are donations to WELLS MEMORIAL INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WELLS MEMORIAL INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WELLS MEMORIAL INCORPORATED due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WELLS MEMORIAL INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WELLS MEMORIAL INCORPORATED?
- The 990 for the year ended June 30, 2025 names MARTHA HOOVER.
- Who are the officers and directors of WELLS MEMORIAL INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does WELLS MEMORIAL INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $156,446, expenses of $153,943 and total assets of $2,034,740 at year end.
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