John H Wellons Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 566061476 ✦ Dunn, NC ✦ Designated as a 501(c)(3)

Overview

What is John H Wellons Foundation Inc?

John H Wellons Foundation Inc is a nonprofit organization committed to charitable giving, offering student loans, and prioritizing elderly housing. They provide and sponsor numerous reduced rental housing units for the elderly, boasting 40 operational units and 21 ongoing projects with more in development. Furthermore, the foundation runs a thrift store, accepting donations for resale. The revenue generated from the thrift store supports various other programs within the foundation.


Is John H Wellons Foundation Inc legitimate?

John H Wellons Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. John H Wellons Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $591,570

For more financial information, click here


What is the mission statement of John H Wellons Foundation Inc?
What is the revenue of John H Wellons Foundation Inc?
Who are the executives of John H Wellons Foundation Inc and what are their salaries?
Where can I find the form 990 for John H Wellons Foundation Inc?

Mission Statement of John H Wellons Foundation Inc

The John H. Wellons Foundation is dedicated to three primary areas of service: charitable giving, student loans, and elderly housing. In line with its mission, the foundation provides and backs reduced rental housing for elderly individuals. It does this by operating 40 units and sponsoring 21 operating projects with several more in development. Beyond housing, the foundation also supports other programs through the operation of a thrift store. This store receives donations that are then sold, with the proceeds utilized to finance additional initiatives. The John H. Wellons Foundation's efforts in these areas aim to make a tangible difference in the lives of various communities, particularly the elderly population.

Impact

This information is meant to be a general summary of John H Wellons Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

The John H Wellons Foundation Inc impacts communities by supporting charitable giving, providing student loans, and focusing on elderly housing. The foundation operates reduced rental housing for elderly persons, sponsors multiple operating projects, and runs a thrift store to generate funds for various programs.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $184,127
  • Program Service Revenue: $1,246,105
  • Gross Receipts: $1,815,633

    • Assets and Liabilities:
  • Total Assets: $21,542,491
  • Total Liabilities: $124,483
  • Net Assets: $21,418,008
  • Organization Details

    Founding Year

    1970

    Main Address

    PO Box 1254, Dunn, NC, 28335

    NTEE Category

    Code: Z99 - Unknown

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