Wellman Area Foundation Inc in Wellman, Iowa (IA)
Table of contents:
| Wellman Area Foundation Inc | |
| Employer Identification Number (EIN) | 421423920 |
| Name of Organization | Wellman Area Foundation Inc |
| In Care of Name | THOMAS BUCKWALTER |
| Address | PO BOX 242, Wellman, IA 52356 |
| Activities | Described in section 509(a)(2) of the Code, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2014 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $37,990 |
| Amount of Income | $4,584 |
| Form 990 Revenue Amount | $4,584 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Philanthropy, Voluntarism, and Grantmaking Foundations (Not Elsewhere Classified) |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $22,942 | $4,584 | |
| Contributions, gifts, grants, and similar amounts received | $22,938 | $4,577 | |
| Program service revenue including government fees and contracts | $0 | $0 | |
| Membership dues and assessments | $0 | $0 | |
| Investment income | $4 | $7 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | |
| Other revenue | $0 | $0 | |
| Total expenses | $1,975 | $942 | |
| Total net assets | $34,348 | $37,990 | |
| Excess/Deficit for the year | $20,967 | $3,642 | |
| Net assets or fund balances at beginning of year | $13,381 | $34,348 | |
| Other changes in net assets or fund balances | $0 | $0 | |
| Net assets or fund balances at end of year | $34,348 | $37,990 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $32,307 | $34,848 | $37,990 |
| Total liabilities | $18,926 | $500 | $0 |
| Net assets or fund balances | $34,348 | $37,990 | |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | |
| Gross receipts for public use of club facilities | $0 | $0 | |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $1,538,950 |
| Subtotal | $1,538,950 |
| Gifts, grants, contributions, and membership fees received | $1,538,950 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $1,541,568 |
| Public support | $1,538,950 |
| Subtotal | $2,618 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2,618 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| 10 | Wellington Park Corporation | 3415 Lafayette Rd, Evansdale, IA 50707 | IA | 1973-03 | $220,335 |
| 11 | Wellman Area Foundation Inc | PO BOX 242, Wellman, IA 52356 | IA | 1995-10 | $4,584 |
| 12 | Wells Family Foundation | PO BOX 3207, Sioux City, IA 51102-3207 | IA | 1997-07 | $5 |
| 13 | Wellsburg Meadowbrook Golf Course Inc | PO BOX 366, Wellsburg, IA 50680-0366 | IA | 1967-06 | $114,676 |
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| 15 | Wesco Industries | 415 S 11th St, Denison, IA 51442-2451 | IA | 1966-12 | $4,516,075 |
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| 17 | Wesley Mansfield And Irene Mansfield Charitable Foundation | PO BOX 7, Tama, IA 52339-0007 | IA | 1984-11 | $2,215,088 |
| 18 | West Bancorporation Foundation Inc | 1601 22nd St Ste 209, W Des Moines, IA 50266-1408 | IA | 2004-07 | $780,861 |
| 19 | West Branch All Sports Booster Club Inc | PO BOX 445, West Branch, IA 52358-0445 | IA | 2000-11 | $71,649 |
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