S K Wellman Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
S K Wellman Foundation is a 501(c)(3) organization based in Independence, Ohio, registered in 1954, with $511,335 in FY2024 revenue. CharityIndex grades it C+.
6450 Rockside Woods Blvd S Ste 230, Independence, OH, 44131 EIN 34-6520032 Since 1954
Revenue (FY2024)
$511K
▲ 203.3% vs prior year
Expenses (FY2024)
$375K
Net assets
$3.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for S K Wellman Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating112 mo reserves · +27% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For S K Wellman Foundation: 112 mo reserves · +27% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for S K Wellman Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For S K Wellman Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 6450 Rockside Woods Blvd S Ste 230, Independence, OH, 44131
- City
- Independence
- State
- Ohio
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $220K (FY2013) to $511K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3.5M
Operating margin
26.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.5M
Total liabilities
$0
Net assets
$3.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $511,335▲203% | $374,736▲3.2% | $3,502,755▲4.1% | $3,502,755▲4.1% | 990PF |
| 2023 | $168,618▼58.8% | $363,229▲1.9% | $3,366,017▼5.6% | $3,366,017▼5.6% | 990PF |
| 2022 | $409,722▼19.9% | $356,301▲7.9% | $3,564,040▲1.6% | $3,564,040▲1.6% | 990PF |
| 2021 | $511,768▲108% | $330,156▲11.1% | $3,509,233▲5.3% | $3,509,233▲5.3% | 990PF |
| 2020 | $245,834▲31.2% | $297,274▼6.1% | $3,331,714▼1.5% | $3,331,714▼1.5% | 990PF |
| 2019 | $187,311▼7.4% | $316,581▲3.2% | $3,383,154▼3.7% | $3,383,154▼3.7% | 990PF |
| 2018 | $202,232▲9.5% | $306,895▲0.2% | $3,512,424▼2.9% | $3,512,424▼2.9% | 990PF |
| 2017 | $184,713▲27.7% | $306,321▼9.9% | $3,617,087▼3.3% | $3,617,087▼3.3% | 990PF |
| 2016 | $144,647▼67.9% | $339,882▼15.4% | $3,738,695▼5.0% | $3,738,695▼5.0% | 990PF |
| 2015 | $450,339▼23.1% | $401,525▲3.3% | $3,933,930▲1.3% | $3,933,930▲1.3% | 990PF |
| 2014 | $585,337▲166% | $388,773▼38.2% | $3,885,116▲5.3% | $3,885,116▲5.3% | 990PF |
| 2013 | $220,317 | $629,194 | $3,688,552 | $3,688,552 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is S K Wellman Foundation a legitimate nonprofit?
- Yes. S K Wellman Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-6520032, based in Independence, Ohio. Donations are tax-deductible.
- What is S K Wellman Foundation's EIN?
- S K Wellman Foundation's Employer Identification Number (EIN) is 34-6520032.
- How much revenue does S K Wellman Foundation report?
- S K Wellman Foundation reported $511,335 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does S K Wellman Foundation have?
- CharityIndex grades S K Wellman Foundation C+, based on financial health (reserves and operating margin).
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Data for S K Wellman Foundation (EIN 34-6520032) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.