Wellone Foundation in Pascoag, Rhode Island (RI)
Table of contents:
| Wellone Foundation | |
| Employer Identification Number (EIN) | 050484030 |
| Name of Organization | Wellone Foundation |
| In Care of Name | Beverly B Mcguire |
| Address | PO BOX 312, Pascoag, RI 02859-0312 |
| Activities | Gifts, grants, or loans to other organizations, Other business or professional group |
| Subsection | Charitable Organization |
| Ruling Date | 02/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $203,612 |
| Amount of Income | $22,327 |
| Form 990 Revenue Amount | $5,794 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Promotion of Business |
Non-representatives - add comments:
Amount of income in 2014: $22,327 (it was $30,870 in 2013)
| Wellone Foundation: | $22,327 |
| Other organizations performing similar types of work: | $180,052 |
Assets in 2014: $203,612 (it was $197,818 in 2013)
| This organization: | $203,612 |
| Other organizations performing similar types of work: | $162,128 |
Expenses in 2014: $0
| Wellone Foundation: | $0 |
| Other organizations performing similar types of work: | $157,385 |
Grants share in income in 2014: 251.9%
| Wellone Foundation: | 251.9% |
| Other organizations performing similar types of work: | 5.2% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $0 | $420 | $-834 | $5,794 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $23,985 | $14,594 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $420 | $-24,819 | $-8,800 |
| Gross income from gaming | $0 | $0 | $1,620 | $633 |
| Gross income from fundraising events | $0 | $3,039 | $5,265 | $7,100 |
| Less: direct expenses from gaming and fundraising events | $0 | $2,619 | $31,704 | $16,533 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $0 | $0 | $0 | $0 |
| Total net assets | $198,232 | $198,652 | $197,818 | $203,612 |
| Excess/Deficit for the year | $0 | $420 | $-834 | $5,794 |
| Net assets or fund balances at beginning of year | $198,232 | $198,232 | $198,652 | $197,818 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $197,818 | $203,612 | ||
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $198,232 | $198,652 | $197,818 | $203,612 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $198,232 | $198,652 | $197,818 | $203,612 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| 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 | 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 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $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 2014) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $0 |
| Write your review! |
|
|
| Recently Added Reviews |
| Amvets, Amvets Dept Of Rhode Island in Providence, RI |
Help For The Children Inc in Providence, RI
   |
|
Glenwood Cemetery Co Inc in East Greenwich, RI
|
| Pari Independent Living Center Inc in Pawtucket, RI |
|
Tri-City Alcoholic Rehabilitation Association, Tara Club in Hapeville, GA
|
|
Decatur Youth Enrichment Association in Decatur, AL
|
|
Blue Water Pregnancy Care Center in Port Huron, MI
|
|
Abundant Grace Praise & Worship Church in Houston, TX
|
|
Milwaukee Sharon Junior Academy, Lake Region Conference Of Seventh-D in Milwaukee, WI
|
| Vietnam Veterans Of America Inc in Columbia, SC |
| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Toy Industry Foundation | 1115 Broadway Ste 400, New York, NY 10010-3466 | NY | 1964-05 | $20,101,942 |
| 2 | Salesmanship Club Of Dallas | 106 East 10th Street Suite 200, Dallas, TX 75203-2236 | TX | 1932-09 | $11,816,023 |
| 3 | Salesmanship Club Youth And Family Centers Inc | 106 East 10th Street Suite 200, Dallas, TX 75203-2236 | TX | 1932-09 | $11,362,324 |
| 4 | Southeast Cement Association Inc, A Domestic Nonprofit Corporation | 175 Gwinnett Dr Ste 330, Lawrenceville, GA 30045-8461 | GA | 1988-08 | $5,306,742 |
| 5 | South Bronx Head Start Program Board | 490 E 143rd St, Bronx, NY 10454-1306 | NY | 1994-05 | $2,195,354 |
| 6 | The Houston Tscpa Foundation, Houston Cpe | 777 Post Oak Blvd, Houston, TX 77056-3204 | TX | 1978-08 | $2,061,653 |
| 7 | Salina Chamber Of Commerce | PO BOX 586, Salina, KS 67402-0586 | KS | 1942-07 | $1,903,085 |
| 8 | The Moles | 577 Chestnut Ridge Rd, Woodcliff Lake, NJ 07677-8409 | NJ | 1957-08 | $1,189,550 |
| 9 | Socrates Sculpture Park Inc, Broadway At Vernon Blvd | Broadway At Vernon Blvd, Long Island City, NY 11106 | NY | 1992-07 | $1,150,853 |
| 10 | University Of Maine Pulp And Paper Foundation | 5737 Jenness Hall, Orono, ME 04469-5737 | ME | 1954-06 | $1,122,351 |
| 11 | Washington County Chamber Of Commerce | 375 Southpointe Blvd Ste 240, Canonsburg, PA 15317-8587 | PA | 1942-10 | $982,263 |
| 12 | Twenty Four Karat Club Of The City Of New York | 6 East 45th Street, New York, NY 10017-2401 | NY | 1954-07 | $833,777 |
| 13 | Southwest Brooklyn Industrial Development Corporation | 241 41st St Ste 2, Brooklyn, NY 11232-2831 | NY | 1980-06 | $781,219 |
| 14 | Rhode Island Trucking Association Inc | 600 Roosevelt Ave, Pawtucket, RI 02863 | RI | 1935-03 | $367,378 |
| 15 | National Registry Of Radiation Protection Technologists | PO BOX 3084, Westerly, RI 02891-0936 | RI | 1977-11 | $154,096 |
| 16 | Cranston Chamber Of Commerce | 875 Oaklawn Ave, Cranston, RI 02920-2826 | RI | 1986-03 | $122,216 |
| 17 | North Central Chamber Of Commerce | 255 Greenville Ave, Johnston, RI 02919-4111 | RI | 1987-06 | $99,639 |
| 18 | Wellone Foundation | PO BOX 312, Pascoag, RI 02859-0312 | RI | 1996-02 | $22,327 |
| 19 | National Association Of Insurance Women, International Association Of Insurance Professionals | 25 Maple Street, Pawtucket, RI 02862 | RI | 1968-06 | $0 |
| 20 | National Organization Of Prof Hispanic Nat Resc Conv Serv Emps | 30 Old Flat River Road, Coventry, RI 02816 | RI | 1997-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 624 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization representatives - add corrected or new information about Wellone Foundation »
Non-representatives - add comments about Wellone Foundation»