2026-04-10T11:25:04-05:00 2025-12-31 990 2025-01-01 463902337 ANGIE AND LEO WELLS FOUNDATION INC ANGI 4042520100 5075 PEACHTREE PARKWAY STE 107-231 PEACHTREE CORNERS GA 30092 RANDY SIMMONS PRESIDENT 4042520100 2026-04-10 2025 2025-03-06 01:10:19Z X RANDY SIMMONS 5075 PEACHTREE PARKWAY STE 107-231 PEACHTREE CORNERS GA 30092 1241056 0 3777 X NA X 2013 GA TO PROVIDE FUNDING TO CHARITIES IN FULFILLMENT OF THE EXEMPT PURPOSES OF NCCF. 5 3 0 0 0 0 37428 0 0 0 3373352 1241056 0 0 3410780 1241056 1015770 1163162 0 0 0 0 0 0 0 1102 11001268 1016872 12164430 2393908 -10923374 20243814 9320441 0 0 20243814 9320441 TO PROVIDE FUNDING TO CHARITIES IN FULFILLMENT OF THE EXEMPT PURPOSES OF NATIONAL CHRISTIAN CHARITABLE FOUNDATION, INC. ("NCCF") 0 0 1163162 1163162 THE ORGANIZATION PROVIDED FUNDING TO CHARITIES IN FULFILLMENT OF THE EXEMPT PURPOSES OF NATIONAL CHRISTIAN CHARITABLE FOUNDATION, INC. ("NCCF"). 1163162 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X SO ADMIN 4042520100 PO BOX 1269 ALPHARETTA GA 300091269 TERRILL A PARKER DIRECTOR 1.00 40.00 X 0 0 6500 DAVID H WILLS DIRECTOR 1.00 0.00 X 0 0 0 DANA E RING PART YEAR DIRECTOR 1.00 40.00 X 0 168870 10140 LEO F WELLS IV DIRECTOR 1.00 0.00 X 0 0 0 CAMERON C WELLS DIRECTOR 1.00 0.00 X 0 0 0 DAVID D JOHNSON PART YEAR DIRECTOR 1.00 40.00 X 0 379462 53678 LEO F WELLS III BOARD CHAIR 1.00 0.00 X 0 0 0 ANGELINE J WELLS VICE CHAIR 1.00 0.00 X 0 0 0 RANDY SIMMONS PRESIDENT 5.00 0.00 X 0 0 0 WILLIAM L O'CALLAGHAN SECRETARY 1.00 0.00 X 0 0 0 0 548332 70318 0 0 1 0 0 1036761 1036761 204295 0 204295 204295 204295 1241056 0 0 1241056 1163162 1163162 CREDIT LOSS EXPENSE 10998946 10998946 BANK FEES 1411 1411 LICENSE AND FEES 911 911 12164430 1163162 11001268 0 9624 9029 4288869 650614 13848317 7543791 2097004 1117007 20243814 9320441 0 0 X 20243814 9320441 20243814 9320441 20243814 9320441 X -10923374 1 X 0 1 X 1 0 X X 1 NATIONAL CHRISTIAN CHARITABLE FOUNDATION INC 581493949 7 1 1163162 0 1 1163162 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 ACCRUED INTEREST RECEIVABLE 1117007 1117007 X PART X, LINE 2: AS A MEMBER OF A GROUP WITH CONSOLIDATED FINANCIAL STATEMENTS, THE ORGANIZATION DID NOT INCUR INCOME TAX EXPENSE FOR THE FILING YEAR. THE FINANCIAL STATEMENT EFFECTS INCLUDING INTEREST AND PENALTIES OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. AS OF DECEMBER 31, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 BETHEL BAPTIST CHURCH OF CLAY COUNTY 29 BLAKELY HWY BLAKELY GA 398239515 582219795 501 (C) (3) 20000 0 GROWTH EAGLE RANCH PO BOX 7200 CHESTNUT MOUNTAIN GA 30502 581497408 501 (C) (3) 125000 0 GROWTH FERNANDINA BEACH CHURCH OF CHRIST 1005 S 14TH STREET FERNANDINA BEACH FL 32034 593315219 501 (C) (3) 120000 0 GROWTH PROMISE686 INC 19 HOLCOMB BRIDGE RD NORCROSS GA 30071 270427930 501 (C) (3) 250000 0 GROWTH MARRIAGE HERITAGE (INTENTIONAL MARRIAGES) 11770 HAYNES BRIDGE RD ALPHARETTA GA 30009 920903745 501 (C) (3) 200000 0 GROWTH FRONTLINE POLICY COUNCIL 15 PERRY ST NEWNAN GA 30263 862777482 501 (C) (3) 50000 0 GROWTH GAP HOUSE MINISTRIES INC 265 HUNTER ESTATES WAYNESVILLE GA 31566 452753343 501 (C) (3) 35000 0 GROWTH STEPHEN'S CHILDREN FOUNDATION 3755 36TH ST SE GRAND RAPIDS MI 49512 582219199 501 (C) (3) 35000 0 POVERTY REFLECTIONS MINISTRIES ONE PIEDMONT CENTER SUITE 130 ATLANTA GA 30305 582018496 501 (C) (3) 25000 0 EVANGELISM LIFE ON LIFE MINISTRIES INC 9500 MEDLOCK BRIDGE RD JOHNS CREEK GA 30097 260334026 501 (C) (3) 100000 0 EVANGELISM NO LONGER BOUND 2725 PINE GROVE RD CUMMING GA 30041 581927695 501 (C) (3) 50000 0 GROWTH ATHENS FCA (FELLOWSHIP OF CHRISTIAN ATHLE 3120 RYLAND HILSS DR WATKINSVILLE GA 30677 440610626 501 (C) (3) 50000 0 EVANGELISM NATIONAL CHRISTIAN FOUNDATION INC 1150 SANCTUARY PARKWAY ALPHARETTA GA 30009 581493949 501 (C) (3) 103162 0 SUPPORT 13 PART I, LINE 2: THE ORGANIZATION DOES NOT MONITOR THE USE OF FUNDS GRANTED TO ORGANIZATIONS IN THE UNITED STATES SINCE IT GRANTS FUNDS TO ORGANIZATIONS ONLY IF THOSE ORGANIZATIONS QUALIFY AS EXEMPT FROM FEDERAL INCOME TAX UNDER CODE SECTION 501 (C) (3) AND THEREFORE ARE BOUND TO USE SUCH FUNDS ONLY FOR RELIGIOUS, CHARITABLE, EDUCATIONAL, OR OTHER PURPOSES DESCRIBED IN THAT CODE SECTION. 1 0 0 0 0 0 0 0 0 DAVID D JOHNSON PART YEAR DIRECTOR 0 309462 0 70000 0 0 0 13180 0 40498 0 433140 0 0 DANA E RING PART YEAR DIRECTOR 0 81537 0 10500 0 76833 0 4612 0 5528 0 179010 0 0 PART I, LINE 4A: DANA E. RING, $76,833 FORM 990, PART I, LINE 7B AND PART V, LINE 3A: THE ORGANIZATION HAS DONE A THOROUGH ANALYSIS TO DETERMINE IF IT HAS ANY REPORTABLE UNRELATED BUSINESS INCOME ("UBI"). WE HAVE CONCLUDED THAT THE ORGANIZATION HAS NO UBI AND THEREFORE, HAS NO 990-T FILING REQUIREMENT FOR THIS TAX YEAR. FORM 990, PART IV, LINE 32: ON JANUARY 1, 2023, THE ORGANIZATION ADOPTED ASU 2016-13 FINANCIAL INSTRUMENTS CREDIT LOSSES (TOPIC 326): MEASUREMENT OF CREDIT LOSSES ON FINANCIAL INSTRUMENTS. THE ASU INTRODUCES A NEW CREDIT LOSS METHODOLOGY, CURRENT EXPECTED CREDIT LOSSES ("CECL"), WHICH REQUIRES EARLIER RECOGNITION OF CREDIT LOSSES, WHILE ALSO PROVIDING ADDITIONAL TRANSPARENCY ABOUT CREDIT RISK. THE CECL METHODOLOGY USES A LIFETIME "EXPECTED CREDIT LOSS" MEASUREMENT OBJECTIVE FOR THE RECOGNITION OF CREDIT LOSSES FOR LOANS AND OTHER RECEIVABLES AT THE TIME THE FINANCIAL ASSET IS ORIGINATED OR ACQUIRED. THE EXPECTED CREDIT LOSSES ARE ADJUSTED EACH PERIOD FOR CHANGES IN EXPECTED LIFETIME CREDIT LOSSES. CECL REQUIRES AN ESTIMATE OF CREDIT LOSSES FOR THE REMAINING ESTIMATED LIFE OF THE FINANCIAL ASSET USING HISTORICAL EXPERIENCE, CURRENT CONDITIONS, AND REASONABLE AND SUPPORTABLE FORECASTS. THE CECL METHODOLOGY REPLACED THE MULTIPLE EXISTING IMPAIRMENT METHODS IN CURRENT GAAP, WHICH GENERALLY REQUIRED THAT A LOSS BE INCURRED BEFORE IT IS RECOGNIZED. SINCE ADOPTION OF ASU 2016-13 FINANCIAL INSTRUMENTS CREDIT LOSSES (TOPIC 326) THERE HAVE BEEN NO KNOWN ISSUES AND THE ORGANIZATION'S HISTORICAL ASSESSEMENT DID NOT GIVE CAUSE TO RECORD ANY "EXPECTED CREDIT LOSSES." HOWEVER, IN 2025, DURING THE PERIODIC EVALUATION FOR POTENTIAL CREDIT LOSSES, THE ORGANIZATION RECEIVED INFORMATION REGARDING THE POSSIBLE DEFAULT ON ONE OF ITS LOANS. ALL OTHER LOAN INVESTMENTS ARE EXPECTED TO PERFORM WELL, WITH NO SIGNIFICANT CHANGE. THEREFORE, THE BOARD RECORDED AN ALLOWANCE FOR CREDIT LOSSES ON THE LOAN AND ON THE ACCRUED INTEREST BASED ON UPDATED FINANCIAL INFORMATION AND COLLECTABILITY ANALYSIS IN ACCORDANCE WITH ASC 326. THE ALLOWANCE REFLECTS THE BOARD'S ESTIMATE OF EXPECTED CREDIT LOSSES AND DOES NOT ALTER THE LEGAL OBLIGATION OF THE BORROWER. THE ALLOWANCE MATERIALLY REDUCED NET ASSETS BY 54%; HOWEVER, THE EVENT IS NOT A "DISPOSITION, TRANSFER, LIQUIDATION OR TERMINATION." IT IS A VALUATION ALLOWANCE TO ACCOUNT FOR A POTENTIAL FAILED INVESTMENT. THE INVESTMENT RETURNS OF ALL INVESTMENTS SINCE INCEPTION IN 2013 TO DATE HAVE EXCEEDED EXPECTATIONS. FORM 990, PART VI, SECTION A, LINE 1A A MAJORITY OF DIRECTORS ARE APPOINTED BY THE SUPPORTED ORGANIZATION (NATIONAL CHRISTIAN CHARITABLE FOUNDATION, INC. OR "NCCF"). CERTAIN NCCF DIRECTORS ARE NOT CONSIDERED INDEPENDENT SINCE THEY RECEIVE COMPENSATION FROM NCCF FOR SERVICES PROVIDED TO NCCF. FORM 990, PART VI, SECTION A, LINE 2 LEO F. WELLS III, ANGELINE J. WELLS, LEO F. WELLS, IV AND CAMERON C. WELLS HAVE A FAMILY RELATIONSHIP. LEO F. WELLS, III AND WILLIAM L. O'CALLAGHAN HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A A MAJORITY OF THE DIRECTORS OF THE ORGANIZATION'S BOARD (THE "NCCF DIRECTORS") SHALL BE DESIGNATED BY NATIONAL CHRISTIAN CHARITABLE FOUNDATION, INC. ("NCCF"). THE NCCF DIRECTORS SHALL EACH BE A PERSON WHO IS NOT A "DISQUALIFIED PERSON" AS THAT TERM IS DESCRIBED IN SECTION 4946 OF THE INTERNAL REVENUE CODE. A MINORITY OF DIRECTORS SHALL BE DESIGNATED BY THE DONOR GROUP, IN ACCORDANCE WITH THE ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S TAX RETURN IS COMPILED AND RECONCILED WITH FINANCIAL RECORDS FROM THE CONSOLIDATED AUDIT OF NATIONAL CHRISTIAN CHARITABLE FOUNDATION, INC., WHICH WERE SUBJECT TO LIMITED AUDIT PROCEDURES. ONCE FORM 990 IS PREPARED, THE RETURN IS REVIEWED BY NCCF. THE FORM 990 IS THEN SENT TO ALL DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO COMPLETE AN ANNUAL CONFLICT OF INTEREST STATEMENT ACKNOWLEDGING RECEIPT AND REVIEW OF THE POLICY AND ADEQUATELY DISCLOSING THE NATURE OF ANY POTENTIAL CONFLICTS. IF A CONFLICT OF INTEREST IS PRESENT, AFTER THE INTERESTED PARTY PROVIDES ALL PERTINENT DETAILS REGARDING THE POTENTIAL CONFLICT, THE SUBJECT OFFICER, DIRECTOR, OR KEY EMPLOYEE IS RECUSED FROM ANY FURTHER DISCUSSION, DELIBERATION OR VOTING ON THE MATTER. THE GOVERNING BODY OR A RELEVANT COMMITTEE WILL THEN REVIEW THE POTENTIAL CONFLICT AND DETERMINE AN APPROPRIATE COURSE OF ACTION IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THERE ARE NO OFFICERS, DIRECTORS, OR KEY EMPLOYEES COMPENSATED BY THE FILING ORGANIZATION AT THIS TIME. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, POLICIES, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: ROUNDING 1. NATIONAL CHRISTIAN CHARITABLE FOUNDATION INC 1150 SANCTUARY PKWY SUITE 350 ALPHARETTA GA 30009 581493949 GRANT-MAKING GA 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 NATIONAL CHRISTIAN CHARITABLE FOUNDATION INC B 103162 CASH SCHEDULE R, PART II SEE FORM 990 FOR NCCF FOR A COMPREHENSIVE LIST OF ALL RELATED ORGANIZATIONS.