Ryan Wells Foundation INC EIN 04-3824815 Form 990 (PDF) Claim this org

Ryan Wells Foundation INC

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Awards scholarships for graduating seniors and supports culinary arts programs. For fiscal year 2024 it reported $211K in revenue, $130K in expenses, and $1.8M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Palm Harbor, FL
Website
www.ryanwellsfoundation.com
Filings
5 on file (2020–2024)
Revenue
$211KFY2024
Expenses
$130K
Net assets
$1.8M
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-3824815 Public charity (501(c)(3)) Palm Harbor, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Awards scholarships for graduating seniors and supports culinary arts programs.
Leadership
Mike Wells · President
Money in and out
$211K revenue, $130K expenses
Bottom line
73% program efficiency
Where the money goes · FY2024
Total revenue
$211K
Pt VIII · Ln 12
Total expenses
$130K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $81K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Program efficiency
73%
of spending reaches programs▲ +13% vs prior filing year
Operating runway
168.8mo
months of highly liquid reserves at operating expense rate▲ +9% vs prior filing year
Surplus margin
+38%
revenue over expenses, this year▼ -18% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$211K
FY2024▼ -13%
Expenses
$130K
FY2024▲ +2%
Total assets
$1.8M
FY2024▲ +11%
Total liabilities
$0
FY2024
Total revenue
$211K
Pt VIII · Ln 12
Total expenses
$130K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$81K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRyan Wells Foundation INC
EINHdr · item D04-3824815
Principal addressHdr · item CPalm Harbor, FL
WebsiteHdr · item Jwww.ryanwellsfoundation.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFDec 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Ashley Giasone’s $24K as Executive Director is at the 17th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Ashley Giasone$24,000$24,000$54,000$52,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $95K of program spending, described in the organization's own filed words · FY2024.
01

Pinellas Education Foundation. College Scholarships for culinary studies given to high school seniors, 79,000.

$79Kprogram expense
02

Other Grants. Walkers Rising Stars, 280. Johnson Wales Scholarship, 3,000. Hillsborough Community College Scholarship, 4,000. American Academy of Chefs, 2,000. Feeding Tampa Bay, 500. Other small donations, 1,315.

$11Kprogram expense
03

Pinellas District Schools Culinary Arts Programs, JCCA 5,000.

$5Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$134K · 63%
Investment income$89K · 42%
Contributions & grants63%$134K
Investment income42%$89K
Total revenueLn 12$211K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$95K
Management & general27%$35K
Total functional expensesLn 25$130K

Balance Sheet

Part X · end of year
CashLn 1$176K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.8M
Months of cash on handcomputed16.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.8M · Operating expenses/yr $130K
168.8 months
Where the money goes
Program services
Program services $95K · Total expenses $130K
73%
Management & General
Management & general $35K · Total expenses $130K
27%
Fundraising
Fundraising $0 · Total expenses $130K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $23 · Solicited contributions (3-yr avg) $82K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $134K · Total revenue $211K
63%
Government reliance
Government grants — · Total revenue $211K
Earned-income share
Program service revenue $0 · Total revenue $211K
0%
Investment reliance
Investment income $89K · Total revenue $211K
+42%
Program self-sufficiency
Program service revenue $0 · Total expenses $130K
0%
Growth & trend
Revenue growth (YoY)
This year $211K · Prior year $241K
-13%
Revenue CAGR
FY2020 $213K · FY2024 $211K
-0.3%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $211K · Expenses $130K
+38%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.8M · Total assets $1.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
90%
People & payroll
Highest Reported Total Compensation
Individual Mike Wells · Reported title President · Highest reported compensation $0 · Total expenses $130K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $130K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Fundraising cost ratio 0%
Revenue growth -13%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 4 funders$46K
See all 4 funders →
Grants paid · 18 grants · $459K · 2020–2024
Pinellas District SchoolsFY2024$5,000
Johnson & Wales UniversityRI · FY2023$5,000
Pinellas District SchoolsFY2023$5,000
Unitemized GrantFY2022$9,518
Pinellas District SchoolsFY2022$5,500
Unitemized GrantFY2021$36,200
Pinellas District SchoolsFY2021$31,200
Unitemized GrantFY2021$18,077
Unitemized GrantFY2021$4,393
Unitemized GrantFY2020$91,991
Pinellas District SchoolsFY2020$16,600
Unitemized GrantFY2020$11,200
Unitemized GrantFY2020$9,241

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$211K revenue · viewing · ⤓ 990 PDF
FY2023$241K revenue · ⤓ 990 PDF
FY2022$42K revenue · ⤓ 990 PDF
FY2021$334K revenue · ⤓ 990 PDF
FY2020$213K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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