Nonprofit · EIN 85-2970732
WELLS 20 FOUNDATION INC
Tax-exempt · HOLDREGE, NE 68949
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $71,796 | $1,505 | $70,291 | $300,232 | $0 | $300,232 |
| December 31, 2023 | 990 | $71,230 | $3,973 | $67,257 | $229,941 | $0 | $229,941 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $83,514
- Program service revenue
- $0
- Investment income
- $0
- Net income from gaming
- -$11,718
- Other revenue
- -$11,718
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $950
- Management and general (functional)
- $1,505
Balance sheet and other
- Total assets, start of year
- $229,941
- Total assets, end of year
- $300,232
- Total liabilities, end of year
- $0
- Net assets, end of year
- $300,232
- Net assets without donor restrictions
- $300,232
- Gross receipts
- $83,514
- Employees
- 0
- Year formed
- 2020
- State of legal domicile
- NE
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 |
|---|---|---|---|
| NICHOLAS M WELLS | ADMINISTRATO Trustee or director | – | $0 |
| RYAN D WELLS | SECRETARY Trustee or director | – | $0 |
| ETHAN M SONESON | DIRECTOR Trustee or director | – | $0 |
| BRENT G SONESON | DIRECTOR Trustee or director | – | $0 |
| ALEXANDER R WELLS | DIRECTOR Trustee or director | – | $0 |
| CANDA R WELLS | TREASURER Trustee or director | – | $0 |
| CHRISTOPHER SWANSON | DIRECTOR Trustee or director | – | $0 |
| AARON IDE | DIRECTOR Trustee or director | – | $0 |
| AARON JOHNSON | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICHOLAS M WELLS | ADMINISTRATO Trustee or director | 5 | $0 |
| RYAN D WELLS | SECRETARY Trustee or director | – | $0 |
| ETHAN M SONESON | DIRECTOR Trustee or director | – | $0 |
| BRENT G SONESON | DIRECTOR Trustee or director | – | $0 |
| ALEXANDER R WELLS | DIRECTOR Trustee or director | – | $0 |
| CANDA R WELLS | TREASURER Trustee or director | – | $0 |
| CHRISTOPHER SWANSON | DIRECTOR Trustee or director | – | $0 |
| AARON IDE | DIRECTOR Trustee or director | – | $0 |
| AARON JOHNSON | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 11730 737 RD, HOLDREGE, NE 68949-4137
- In care of
- % NICHOLAS M WELLS
- Principal officer (990 for 2024)
- NICHOLAS M WELLS, 11730 737 ROAD, HOLDREGE, NE 68949
- Signed the 990
- NICHOLAS M WELLS, ADMINISTRATOR/PRESID
- Phone
- (308) 991-9544
- Return prepared by
- THOMAS KUNC & BLACK LLP
Mission
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND BENEVOLENT PURPOSES TO FURTHER CREATE THE FACILITIES AND INFRASTRUCTURE NECESSARY TO FOSTER, DEVELOP AND PROMOTE YOUTH SPORTS AND RELATED YOUTH ACTIVITIES IN AND AROUND HOLDREGE, NEBRASKA AND INCLUDING THE SOLICITATION AND ACCEPTANCE OF GIFTS, DEVISES AND BEQUESTS OF PROPERTY FOR THE FURTHERANCE OF SAID CHARITABLE PURPOSES ALL AS PROVIDED IN SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE.
Program accomplishments
- TO DEVELOP AND PROMOTE YOUTH SPORTS AND YOUTH ACTIVITIES IN AND AROUND HOLDREGE.
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
- 85-2970732
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N19)
- Assets (IRS master file)
- $300,232
- Income (IRS master file)
- $83,514
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $71,796 | $1,505 | $300,232 | IRS |
| 990 | December 2023 | $71,230 | $3,973 | $229,941 | XML |
| 990 | December 2022 | $112,509 | $10,113 | $162,684 | IRS |
| 990 | December 2021 | – | – | – | 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 85-2970732).
Questions about WELLS 20 FOUNDATION INC
- What is the EIN of WELLS 20 FOUNDATION INC?
- The employer identification number (EIN) of WELLS 20 FOUNDATION INC is 85-2970732.
- Is WELLS 20 FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to WELLS 20 FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WELLS 20 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 WELLS 20 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 20 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 WELLS 20 FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names NICHOLAS M WELLS.
- Who are the officers and directors of WELLS 20 FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does WELLS 20 FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $71,796, expenses of $1,505 and total assets of $300,232 at year end.
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All nonprofits in HOLDREGE · Nebraska · Recreation and sports