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Nonprofit · EIN 25-1628980

WELLSBORO FOUNDATION INC

Tax-exempt · WELLSBORO, PA 16901

Financials

$203K$173K2024
Revenue Expenses · by fiscal year end
Financials of WELLSBORO FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$203,357$173,125$30,232$192,660$0$192,660
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$226,240
Program service revenue
$33,812
Investment income
$892
Net income from fundraising events
-$58,442
Other revenue
-$57,587

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$3,225
Occupancy
$250
Program services (functional)
$155,900
Management and general (functional)
$17,225

Balance sheet and other

Total assets, start of year
$162,428
Total assets, end of year
$192,660
Total liabilities, end of year
$0
Net assets, end of year
$192,660
Net assets without donor restrictions
-$3,761
Net assets with donor restrictions
$196,421
Gross receipts
$261,799
Employees
0
Volunteers
30
Year formed
1990
State of legal domicile
PA

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.

NameTitleHours / weekCompensation
TERRY BRYANT DOD 1524PRESIDENT
Trustee or director, Officer
4$0
MARSHA CHESKOPRESIDENT
Trustee or director, Officer
4$0
ELLEN D BRYANTVICE PRESIDENT
Trustee or director, Officer
4$0
JULIE HENRYTREASURER
Trustee or director, Officer
4$0
BRIAN DUFFSECRETARY
Trustee or director, Officer
4$0
KAREN CHAMBERSBOARD MEMBER
Trustee or director
4$0
THOMAS RUDY JRBOARD MEMBER
Trustee or director
4$0

Address and contacts

Address (IRS master file)
114 MAIN STREET, WELLSBORO, PA 16901-1441
Principal officer (990 for 2024)
MARSHA CHESKO, 114 MAIN STREET, WELLSBORO, PA 16901
Signed the 990
MARSHA CHESKO, PRESIDENT
Phone
(570) 724-1926
Return prepared by
BAKER TILLY ADVISORY GROUP LP

Mission

COMMUNITY AND ECONOMIC DEVELOPMENT IN WELLSBORO AND TIOGA COUNTY, PA

990 for the year ended December 31, 2024

Program accomplishments

  • SUPPORT AND DEVELOPMENT TO COMBAT COMMUNITY DETERIORATION, SCHOLARSHIP FUNDING, AND OTHER FUNDRAISING ACTIVITIES IN THE COMMUNITY.
    Expenses $142,678
  • FUND RAISING AND OPERATION OF THE PENNSYLVANIA STATE LAUREL FESTIVAL, AN EDUCATIONAL ART AND CULTURAL EVENT HELD ANNUALLY IN WELLSBORO PA TO PROMOTE KNOWLEDGE OF LOCAL ARTS, CRAFTS AND THE OFFICIAL CELEBRATION OF THE STATE FLOWER
    Expenses $10,222 · revenue $33,812
  • DEVELOPMENT AND IMPROVEMENT OF GENERAL COMMUNITY APPERANCE VIA LANDSCAPING, TREE PLANTING, BLIGHT REMOVAL, ETC.
    Expenses $3,000

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
25-1628980
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
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$192,660
Income (IRS master file)
$261,799

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$202,460$216,009$162,428IRS
990December 2022$203,981$117,350$175,977IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about WELLSBORO FOUNDATION INC

What is the EIN of WELLSBORO FOUNDATION INC?
The employer identification number (EIN) of WELLSBORO FOUNDATION INC is 25-1628980.
Is WELLSBORO FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to WELLSBORO FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WELLSBORO FOUNDATION 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 WELLSBORO FOUNDATION 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 WELLSBORO FOUNDATION 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 WELLSBORO FOUNDATION INC?
The 990 for the year ended December 31, 2024 names MARSHA CHESKO.
Who are the officers and directors of WELLSBORO FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does WELLSBORO FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $203,357, expenses of $173,125 and total assets of $192,660 at year end.

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