Nonprofit · EIN 92-1428604
CANDIS KENNER WELLS FOUNDATION
Tax-exempt · PALESTINE, TX 75802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $177,475 | $111,150 | $66,325 | $525,168 | $0 | $525,168 |
| December 31, 2023 | 990-PF | $205,255 | $46,414 | $158,841 | $458,843 | $0 | $458,843 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $150,000
- Dividends
- $6,678
- Interest
- $463
- Net gain from sales of assets
- $20,246
- Other income
- $88
Expenses
- Grants and similar amounts paid
- $100,000
- Disbursements for charitable purposes
- $108,630
- Excise tax on investment income
- $348
Balance sheet and other
- Total assets, start of year
- $458,843
- Total assets, end of year
- $525,168
- Total liabilities, end of year
- $0
- Net assets, end of year
- $525,168
- Fair market value of assets
- $552,688
- Qualifying distributions
- $108,630
- Net investment income
- $27,475
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 |
|---|---|---|---|
| JAMES E WELLS 732 ANDERSON COUNTY RD 3582, PALESTINE, TX 75803 | PRESIDENT | 2 | $0 |
| MICHAEL E JOHNSTON 22137 OAK LANE, FLINT, TX 75762 | VICE PRESIDE | 2 | $0 |
| LAWRENCE J WEBER PO BOX 826, PALESTINE, TX 75802 | SECRETARY/TR | 2 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES E WELLS 732 ANDERSON COUNTY RD 3582, PALESTINE, TX 75803 | PRESIDENT | 2 | $0 |
| MICHAEL E JOHNSTON 22137 OAK LANE, FLINT, TX 75762 | VICE PRESIDE | 2 | $0 |
| LAWRENCE J WEBER PO BOX 826, PALESTINE, TX 75802 | SECRETARY/TR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1991, PALESTINE, TX 75802-1991
- Signed the 990-PF
- JAMES E WELLS, PRESIDENT
- Phone
- (903) 545-2993
- Return prepared by
- BOLTON SULLIVAN TAYLOR & WEBER LLP
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
- 92-1428604
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $525,168
- Income (IRS master file)
- $221,129
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $177,475 | $111,150 | $525,168 | XML |
| 990-PF | December 2023 | $205,255 | $46,414 | $458,843 | XML |
| 990-PF | December 2022 | – | – | – | 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 92-1428604).
Questions about CANDIS KENNER WELLS FOUNDATION
- What is the EIN of CANDIS KENNER WELLS FOUNDATION?
- The employer identification number (EIN) of CANDIS KENNER WELLS FOUNDATION is 92-1428604.
- Is CANDIS KENNER WELLS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to CANDIS KENNER WELLS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CANDIS KENNER WELLS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CANDIS KENNER WELLS FOUNDATION 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 CANDIS KENNER WELLS FOUNDATION 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 CANDIS KENNER WELLS FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does CANDIS KENNER WELLS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $177,475, expenses of $111,150 and total assets of $525,168 at year end.
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