2024-11-04T07:12:39-06:00 2023-12-31 231144520 TAIT WELLER & BAKER LLP 50 SOUTH 16TH STREET SUITE 2900 PHILADELPHIA PA 19102 990 2023-01-01 203823604 WELLS MOUNTAIN INITIATIVE INC WELL 8024534065 25D MAIN STREET BRISTOL VT 05443 LISA MEADOWCROFT EXECUTIVE DIRECTOR 8024534065 2024-11-04 1 0 HARRISON PEREIRA P00746867 2159798800 2024-10-03 2023 2024-10-15 13:58:12Z THOMAS M WELLS 19 MAIN STREET BRISTOL VT 05443 2753427 0 X WWW.WELLSMOUNTAININITIATIVE.ORG X 2005 VT TO CREATE SOCIAL CHANGE THROUGH EDUCATION AND COMMUNITY BUILDING BY PROVIDING BRIGHT YOUNG PEOPLE IN THE DEVELOPING WORLD WITH STUDENT SCHOLARSHIPS AND SKILLS TRAINING, BUILDING A NETWORK OF GRASSROOTS LEADERS WHO ARE CATALYZING COMMUNITY TRANSFORMATION. 13 13 7 194 0 0 434272 882627 0 0 -366692 68311 16602 7715 84182 958653 539924 395840 0 0 334171 495605 0 0 124153 133970 295387 1008065 1186832 -923883 -228179 2143910 2102460 2214 25446 2141696 2077014 TO CREATE SOCIAL CHANGE THROUGH EDUCATION AND COMMUNITY BUILDING BY PROVIDING BRIGHT YOUNG PEOPLE IN THE DEVELOPING WORLD WITH STUDENT SCHOLARSHIPS AND SKILLS TRAINING, BUILDING A NETWORK OF GRASSROOTS LEADERS WHO ARE CATALYZING COMMUNITY TRANSFORMATION. 0 0 894728 395840 PROVIDED PROGRAMMING AND FUNDING FOR YOUNG PEOPLE AND INITIATIVES IN THE DEVELOPING WORLD TO SUPPORT POST-SECONDARY EDUCATION, LEADERSHIP DEVELOPMENT AND COMMUNITY DEVELOPMENT. 894728 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 VT X THE ORGANIZATION 8024534065 25D MAIN STREET BRISTOL VT 05443 THOMAS M WELLS CHAIRMAN 4.00 X X 0 0 0 RICK KUSHEL TREASURER 1.00 X X 0 0 0 MARY CLARK ROMNEY SECRETARY 1.00 X X 0 0 0 ROBERT DILL DIRECTOR 1.00 X 0 0 0 CHRISTOPHER LUTZ DIRECTOR 1.00 X 0 0 0 KENNETH FORESTER DIRECTOR 1.00 X 0 0 0 GWENAEL APOLLON DIRECTOR 1.00 X 0 0 0 DIDIER BLESIN DIRECTOR 1.00 X 0 0 0 GAIL NYSTROM DIRECTOR 1.00 X 0 0 0 RICK CLAYDON DIRECTOR 1.00 X 0 0 0 PAUL JERUCHIMOWITZ DIRECTOR 1.00 X 0 0 0 AFOLOBI OGUNNAIKE DIRECTOR 1.00 X 0 0 0 MARGARET RUSH DIRECTOR 1.00 X 0 0 0 JORDYN WELLS EXECUTIVE DIRECTOR UNTIL JULY 2023 40.00 X 94365 0 2315 LISA MEADOWCROFT EXECUTIVE DIRECTOR - CURRENT 40.00 X 83880 0 10000 178245 0 12315 0 0 0 0 0 4250 878377 882627 69101 69101 1792477 1793267 -790 -790 -790 9222 4250 1507 7715 7715 958653 0 0 76026 395840 395840 190560 127563 9762 53235 257869 175204 30104 52561 16414 8964 2667 4783 30762 20629 2815 7318 18015 18015 22532 22532 51490 480 51010 41174 10931 24039 6204 12896 10917 1956 23 133983 131586 2368 29 2606 2606 12691 12614 77 1186832 894728 167951 124153 198758 273508 0 25858 0 30700 0 1772394 1945152 0 2143910 2102460 2214 25446 2214 25446 X 2141696 1315014 0 762000 2141696 2077014 2143910 2102460 -228179 186105 -22608 0 X 0 1 X 0 0 X 606059 2512326 536112 434272 882627 4971396 606059 2512326 536112 434272 882627 4971396 2532519 2438877 69101 69101 5040497 0.48390 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1980172 112813 119071 250000 1962056 2606431 1973 -678910 29322 1900172 1290691 3132 1424480 31872 2686431 1355032 25190 -52096 37435 1290691 1163668 256364 65000 1355032 1.00000 0.00000 0.00000 0 0 0 X 1136660 186105 12927 1507 200539 936121 22532 22532 958653 1178734 12927 1507 14434 1164300 22532 22532 1186832 PART X, LINE 2: MANAGEMENT HAS EVALUATED THE INITIATIVE'S TAX POSITIONS AND CONCLUDED THAT THE INITIATIVE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES 1,507. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES 1,507. 1 SOUTH ASIA 0 0 SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION 6950 MIDDLE EAST AND NORTH AFRICA 0 0 SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION 3900 SOUTH AMERICA 0 0 SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION 850 SUB-SAHARAN AFRICA 0 0 SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION 356373 CENTRAL AMERICA AND THE CARIBBEAN 0 0 SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION 2525 EAST ASIA AND THE PACIFIC 0 0 SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION 7909 NORTH AMERICA 0 0 SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION 4115 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 SCHOLARSHIPS & GRANTS TO RECIPIENTS LOCATED IN REGION 1968 0 0 0 0 0 0 384590 0 384590 SUB-SAHARAN AFRICA FISCAL PARTNERSHIP 8500 WIRE TRANSFER 0 1 0 SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION CENTRAL AMERICA AND THE CARIBBEAN 2 2525 WIRE TRANSFER SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION EAST ASIA AND THE PACIFIC 9 7909 WIRE TRANSFER SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION EUROPE (INCLUDING ICELAND & GREENLAND) 1 1968 WIRE TRANSFER SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION MIDDLE EAST AND NORTH AFRICA 4 3900 WIRE TRANSFER SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION NORTH AMERICA 6 4115 WIRE TRANSFER SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION SOUTH AMERICA 1 850 WIRE TRANSFER SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION SOUTH ASIA 6 6950 WIRE TRANSFER SCHOLARSHIPS TO RECIPIENTS LOCATED IN REGION SUB-SAHARAN AFRICA 284 356373 WIRE TRANSFER 0 0 0 0 0 0 PART I, LINE 2: WMI SCHOLARS ARE SELECTED THROUGH THE SUBMISSION OF AN ONLINE APPLICATION AND UNDERGO A 5-STAGE REVIEW PROCESS. WMI ACCEPTS APPLICATIONS ONCE A YEAR AND SELECTS ONLY 3-5% OF OVER 1100 APPLICANTS. WMI STUDENT SCHOLARS (SCHOLARS CURRENTLY ENROLLED IN POST-SECONDARY SCHOOL) ARE REQUIRED TO SUBMIT TWO REPORTS A YEAR WITH GRADES, A FINANCIAL REPORT AND COMMUNITY SERVICE REPORT (WE REQUIRE 100 HOURS OF COMMUNITY SERVICE FOR ALL STUDENT SCHOLARS). WMI COMMUNITY DEVELOPMENT GRANTS ARE OPEN ONLY TO GRADUATE SCHOLARS (SCHOLARS WHO HAVE COMPLETED THEIR POST-SECONDARY EDUCATION) AND RANGE FROM 500-1000 USD. GRANTEES ARE ACCEPTED THROUGH A 3 STAGE APPLICATION PROCESS AND ARE REQUIRED TO PARTICIPATE IN 1:1 PROJECT DEVELOPMENT SESSIONS WITH PROGRAM STAFF AND PROVIDE 3 & 6 MONTH AND 1 YEAR FINANCIAL AND IMPACT UPDATES. FORM 990, PART VI, SECTION A, LINE 2 THOMAS WELLS, WHO IS THE BOARD CHAIR, SITS ON THE BOARD WITH HIS DAUGHTER JORDYN WELLS FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT TO CLIENT FOR REVIEW WHERE THEY DISTRIBUTE IT TO GOVERNING BOARD - REVIEW FROM AND ASK ACCOUNTANT QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C ALL ACTUAL AND POTENTIAL CONFLICTS OF INTERESTS SHALL BE DISCLOSED BY BOARD MEMBERS TO THE WMI GOVERNANCE COMMITTEE AND BOARD CHAIR THROUGH THE ANNUAL DISCLOSURE FORM AND/OR TO THE BOARD WHENEVER A CONFLICT ARISES. DISINTERESTED MEMBERS OF THE WMI GOVERNANCE COMMITTEE AND BOARD CHAIR SHALL MAKE A DETERMINATION AS TO WHETHER A PROHIBITED CONFLICT EXISTS AND WHAT SUBSEQUENT ACTION IS APPROPRIATE (IF ANY). THE WMI BOARD CHAIR SHALL INFORM THE BOARD OF SUCH DETERMINATION AND ACTION. THE BOARD SHALL RETAIN THE RIGHT TO MODIFY OR REVERSE SUCH DETERMINATION AND ACTION, AND SHALL RETAIN THE ULTIMATE ENFORCEMENT AUTHORITY WITH RESPECT TO THE INTERPRETATION AND APPLICATION OF THIS POLICY ON AN ANNUAL BASIS, ALL BOARD MEMBERS SHALL BE PROVIDED WITH A COPY OF THIS POLICY AND REQUIRED TO COMPLETE AND SIGN THE ACKNOWLEDGMENT AND DISCLOSURE FORM FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, FINANCIALS STATEMENTS AND TAX FILINGS AVAILABLE TO THE PUBLIC UPON REQUEST.