Nonprofit · EIN 93-1849169
WELLINS EDUCATION FOUNDATION INC
Tax-exempt · SUWANEE, GA 30024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $500,000 | $48,890 | $451,110 | $693,457 | $0 | $693,457 |
| December 31, 2024 | 990 | $300,000 | $59,665 | $240,335 | $242,347 | $0 | $242,347 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $500,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $45,980
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,870
- Program services (functional)
- $46,020
- Management and general (functional)
- $2,870
Balance sheet and other
- Total assets, start of year
- $242,347
- Total assets, end of year
- $693,457
- Total liabilities, end of year
- $0
- Net assets, end of year
- $693,457
- Gross receipts
- $500,000
- Employees
- 0
- Year formed
- 2023
- State of legal domicile
- GA
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEONGSU PARK | CEO Officer | 0 | $0 |
| EUNCHEONG CHEON | SECRETARY Officer | 0 | $0 |
| KYONG HAN | CFO Officer | 0 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEONGSU PARK | CEO Officer | 0 | $0 |
| EUNCHEONG CHEON | SECRETARY Officer | 0 | $0 |
| KYONG HAN | CFO Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1110 SATELLITE BLVD NW STE 304, SUWANEE, GA 30024-5658
- In care of
- % JEONGSU PARK
- Mailing address (990-N for 2023)
- 3483 SATELLITE BLVD STE 100, DULUTH GA 30096
- Principal officer (990 for 2025)
- JEONGSU PARK, 3276 DREWMORE DR, SUWANEE, GA 30024
- Principal officer (990-N for 2023)
- JEONGSU PARK, 3276 DREWMORE DR, SUWANEE GA 30024
- Signed the 990
- JEONGSU PARK, CEO
- Phone
- (678) 867-4924
- Return prepared by
- KS TAX & ACCOUNTING SERVICES LLC
Mission
THE FOUNDATION WAS ESTABLISHED TO PROMOTE ACCESS TO HIGHER EDUCATION BY PROVIDING NEED-BASED AND MERIT-BASED SCHOLARSHIPS TO QUALIFIED STUDENTS AND REDUCING FINANCIAL BARRIERS TO EDUCATION.
Program accomplishments
- THE FOUNDATION PROVIDES SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO STUDENTS BASED ON ACADEMIC MERIT AND FINANCIAL NEED IN ORDER TO PROMOTE ACCESS TO HIGHER EDUCATION.Expenses $46,020 · grants $45,980
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 93-1849169
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $693,457
- Income (IRS master file)
- $500,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $500,000 | $48,890 | $693,457 | IRS |
| 990 | December 2024 | $300,000 | $59,665 | $242,347 | XML |
| 990-N for 2023 Officer: JEONGSU PARK | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
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 93-1849169).
Questions about WELLINS EDUCATION FOUNDATION INC
- What is the EIN of WELLINS EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of WELLINS EDUCATION FOUNDATION INC is 93-1849169.
- Is WELLINS EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to WELLINS EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WELLINS EDUCATION FOUNDATION INC 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 WELLINS EDUCATION FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WELLINS EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WELLINS EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names JEONGSU PARK.
- Who are the officers and directors of WELLINS EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does WELLINS EDUCATION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $500,000, expenses of $48,890 and total assets of $693,457 at year end.
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