Nonprofit · EIN 41-1732563
WELLS FAMILY FOUNDATION INC
Tax-exempt · BROOKLYN PARK, MN 55445
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $228,717 | $443,609 | -$214,892 | $5,073,408 | $0 | $5,073,408 |
| December 31, 2023 | 990-PF | $104,899 | $405,815 | -$300,916 | $5,288,300 | $0 | $5,288,300 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $223,238
- Net gain from sales of assets
- $5,378
- Other income
- $101
Expenses
- Grants and similar amounts paid
- $336,000
- Compensation of officers, directors and key employees
- $20,400
- Salaries, compensation and benefits (total)
- $18,000
- Disbursements for charitable purposes
- $443,609
Balance sheet and other
- Total assets, start of year
- $5,288,300
- Total assets, end of year
- $5,073,408
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,073,408
- Fair market value of assets
- $8,654,729
- Qualifying distributions
- $443,609
- Net investment income
- $5,378
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Adele S Merck 157 Seagate Road, Palm Beach, FL 33480 | President | 1 | $0 |
| George Merck 202 Sanford Ave, Palm Beach, FL 33480 | Director | 1 | $0 |
| John J Knip III 9113 Hampshire Ave N, Brooklyn Park, MN 55445 | Treasurer | 4 | $0 |
| Caroline G Merck 1 University Place, New York, NY 10003 | Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Adele S Merck 157 Seagate Road, Palm Beach, FL 33480 | President | 1 | $0 |
| George Merck 202 Sanford Ave, Palm Beach, FL 33480 | Director | 1 | $0 |
| John J Knip III 9113 Hampshire Ave N, Brooklyn Park, MN 55445 | Treasurer | 4 | $0 |
| Caroline G Merck 1 University Place, New York, NY 10003 | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 9113 HAMPSHIRE AVE N, BROOKLYN PARK, MN 55445-3244
- In care of
- % JOHN J KNIP III
- Signed the 990-PF
- JOHN J KNIP III, Treasurer
- Phone
- (612) 333-4740
- Return prepared by
- John J Knip III Inc
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 41-1732563
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $5,073,408
- Income (IRS master file)
- $723,339
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $228,717 | $443,609 | $5,073,408 | IRS |
| 990-PF | December 2023 | $104,899 | $405,815 | $5,288,300 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 41-1732563).
Questions about WELLS FAMILY FOUNDATION INC
- What is the EIN of WELLS FAMILY FOUNDATION INC?
- The employer identification number (EIN) of WELLS FAMILY FOUNDATION INC is 41-1732563.
- Is WELLS FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to WELLS FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WELLS FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WELLS FAMILY 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 WELLS FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of WELLS FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does WELLS FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $228,717, expenses of $443,609 and total assets of $5,073,408 at year end.
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