Nonprofit · EIN 20-3823604
WELLS MOUNTAIN INITIATIVE INC
Tax-exempt · BRISTOL, VT 05443
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $956,818 | $1,097,957 | -$141,139 | $2,069,417 | $28,863 | $2,040,554 |
| December 31, 2023 | 990 | $958,653 | $1,186,832 | -$228,179 | $2,102,460 | $25,446 | $2,077,014 |
| December 31, 2022 | 990 | $84,182 | $1,008,065 | -$923,883 | $2,143,910 | $2,214 | $2,141,696 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $865,044
- Program service revenue
- $0
- Investment income
- $91,774
- Net gain from sales of assets
- $36,704
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $468,961
- Compensation of officers, directors and key employees
- $286,810
- Other salaries and wages
- $162,714
- Salaries, compensation and benefits (total)
- $479,693
- Professional fundraising fees
- $0
- Accounting fees
- $32,632
- Travel
- $27,123
- Program services (functional)
- $724,189
- Management and general (functional)
- $187,498
- Fundraising (functional)
- $186,270
Balance sheet and other
- Total assets, start of year
- $2,102,460
- Total assets, end of year
- $2,069,417
- Total liabilities, end of year
- $28,863
- Net assets, end of year
- $2,040,554
- Publicly traded securities
- $1,759,857
- Net assets without donor restrictions
- $1,323,554
- Net assets with donor restrictions
- $717,000
- Gross receipts
- $2,063,820
- Employees
- 6
- Volunteers
- 146
- Year formed
- 2005
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA MEADOWCROFT | EXECUTIVE DIRECTOR UNTIL OCTOBER 2024 Officer | 40 | $148,374 | $19,834 |
| NICOLE BAKER | EXECUTIVE DIRECTOR - CURRENT Officer | 40 | $106,258 | $8,404 |
| THOMAS M WELLS | CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| MARGARET RUSH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AFOLOBI OGUNNAIKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL JERUCHIMOWITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICK CLAYDON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GAIL NYSTROM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAG DALAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIDIER BLESIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENNETH FORESTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER LUTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT DILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GWENAEL APOLLON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY CLARK ROMNEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICK KUSHEL | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JORDYN WELLS | EXECUTIVE DIRECTOR UNTIL JULY 2023 Officer | 40 | $94,365 | $2,315 |
| LISA MEADOWCROFT | EXECUTIVE DIRECTOR - CURRENT Officer | 40 | $83,880 | $10,000 |
| THOMAS M WELLS | CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| RICK KUSHEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARY CLARK ROMNEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT DILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER LUTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENNETH FORESTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GWENAEL APOLLON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIDIER BLESIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GAIL NYSTROM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICK CLAYDON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL JERUCHIMOWITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AFOLOBI OGUNNAIKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARGARET RUSH | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JORDYN WELLS | DIRECTOR/EXECUTIVE DIRECTO Officer | 40 | $93,222 |
| ROBERT DILL | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER LUTZ | DIRECTOR Trustee or director | 1 | $0 |
| KENNETH FORESTER | DIRECTOR Trustee or director | 1 | $0 |
| GWENAEL APOLLON | DIRECTOR Trustee or director | 1 | $0 |
| DIDIER BLESIN | DIRECTOR Trustee or director | 1 | $0 |
| GAIL NYSTROM | DIRECTOR Trustee or director | 1 | $0 |
| RICK CLAYDON | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS M WELLS | DIRECTOR/CHAIRMAN Officer | 4 | $0 |
| RICK KUSHEL | DIRECTOR/TREASURER Officer | 1 | $0 |
| MARY CLARK ROMNEY | DIRECTOR/SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 25 MAIN ST STE D, BRISTOL, VT 05443-1345
- In care of
- % THOMAS M WELLS
- Principal officer (990 for 2024)
- THOMAS M WELLS, 19 MAIN STREET, BRISTOL, VT 05443
- Signed the 990
- NICOLE BAKER, EXECUTIVE DIRECTOR
- Phone
- (802) 453-4065
- Return prepared by
- TAIT WELLER & BAKER LLP
Mission
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.
Program accomplishments
- PROVIDED PROGRAMMING AND FUNDING FOR YOUNG PEOPLE AND INITIATIVES IN THE DEVELOPING WORLD TO SUPPORT POST-SECONDARY EDUCATION, LEADERSHIP DEVELOPMENT AND COMMUNITY DEVELOPMENT.Expenses $724,189 · grants $468,961
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3823604
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q99)
- Assets (IRS master file)
- $2,069,417
- Income (IRS master file)
- $2,063,820
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $956,818 | $1,097,957 | $2,069,417 | XML |
| 990 | December 2023 | $958,653 | $1,186,832 | $2,102,460 | XML |
| 990 | December 2022 | $84,182 | $1,008,065 | $2,143,910 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3823604).
Questions about WELLS MOUNTAIN INITIATIVE INC
- What is the EIN of WELLS MOUNTAIN INITIATIVE INC?
- The employer identification number (EIN) of WELLS MOUNTAIN INITIATIVE INC is 20-3823604.
- Is WELLS MOUNTAIN INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to WELLS MOUNTAIN INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WELLS MOUNTAIN INITIATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WELLS MOUNTAIN INITIATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WELLS MOUNTAIN INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WELLS MOUNTAIN INITIATIVE INC?
- The 990 for the year ended December 31, 2024 names THOMAS M WELLS.
- Who are the officers and directors of WELLS MOUNTAIN INITIATIVE INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 2 received compensation from the organization, the highest $148,374 (LISA MEADOWCROFT, EXECUTIVE DIRECTOR UNTIL OCTOBER 2024).
- How much revenue does WELLS MOUNTAIN INITIATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $956,818, expenses of $1,097,957 and total assets of $2,069,417 at year end.
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