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Wesley Towers Foundation

Tax-deductible

Hutchinson, KS501(c)(3)Since 1990Foundations & GrantmakersEIN 48-1084547

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To support the operation of programs and development of facilities of Wesley Towers, INC. For the purpose of providing housing, care, treatment, and rehabilitation of elderly persons, without regard to race, creed, or origin.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $739K a year · 149% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Cash reserves
959 mo
of spending, in cash
Looks good: 959.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $62
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$463K
-25% vs prior year
Spent
$4K
Net assets
$8.5M
By yearFY2020–FY2024
Revenue
$463K
FY2024▼ -25%
Revenue by fiscal year
FY2020$405K
FY2021$582K
FY2023$379K
FY2024$620K
FY2024$463K
Expenses
$4K
FY2024▼ -99%
Expenses by fiscal year
FY2020$924K
FY2021$1.4M
FY2023$1.8M
FY2024$737K
FY2024$4K
Net assets
$8.5M
FY2024▲ +17%
Net assets by fiscal year
FY2020$9.3M
FY2021$10.1M
FY2023$7.0M
FY2024$7.3M
FY2024$8.5M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 9% · $367 Fundraising 91% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
John Denney
Treasurer
$0Pt VII · Sec A
Bill Long
Secretary
$0Pt VII · Sec A
Mike Evans
Ex Officio Trustee
$0Pt VII · Sec A
Mark Mains
President/CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Carol Berger
Ex Officio Trustee
$0Pt VII · Sec A
See Wesley Towers Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds a retirement community for seniors.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2024.
01

To support the operation of programs and development of facilities of wesley towers, inc., as well as, provide education scholarships to employees of wesley towers, inc.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Amazonsmile FoundationFY2023$62
Total grants receivedfrom 1 funder$62
Grants paid · 4 grants · $4.8M · 2019–2023
Wesley Towers INCKS · FY2023$725,000
Wesley Towers INCKS · FY2022$1,816,745
Wesley Towers INCKS · FY2020$1,394,996
Wesley Towers INCKS · FY2019$869,286

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$463K
Ln 12
Investment incomeLn 3$385K
Gifts and grantsLn 1h$79K
Money outPt IX
$4K
Ln 25
Managementcol C$367
Fundraisingcol D$4K
Owns and owesPt X
$8.5M
net assets · Ln 32
Cash and savingsLn 1–2$315K
Total assetsLn 16$9.6M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$79K
Investment incomeLn 3$385K
Gains on assetsLn 7$158K
Total revenueLn 12$463K
Assets in detailPt X, end of year
SavingsLn 2$315K
Cash and savings togetherLn 1–2$315K
InvestmentsLn 11–13$8.7M
Other assetsLn 15$538K
Total assetsLn 16$9.6M
LiabilitiesLn 26$1.1M
Net assetsLn 32$8.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$238K$315K
InvestmentsLn 11–13$8.1M$8.7M
Total assetsLn 16$8.8M$9.6M
LiabilitiesLn 26$1.5M$1.1M
Net assetsLn 32$7.3M$8.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$4K$367$4K
Total functional expensesLn 25$4K$0$367$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $620K$737K−$116K$7.3M 990 PDF
FY2023 $379K$1.8M−$1.5M$7.0M 990 PDF
FY2022 Not on file
FY2021 $582K$1.4M−$868K$10.1M 990 PDF
FY2020 $405K$924K−$519K$9.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $463,242 across 5 lines filed
VIII-1f All other contributions, gifts and grants$78,708
VIII-1h Total contributions, gifts and grants$78,708
VIII-3 Investment incomeExcluded from tax $226,729$226,729
VIII-7 Net gain or loss on sales of assetsExcluded from tax $157,805$157,805
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $384,534$463,242
Part IX · Statement of functional expenses $3,940 across 1 line filed
IX-13 Office expensesManagement $367 · Fundraising $3,573$3,940
IX-25 Total functional expensesPrograms $0 · Management $367 · Fundraising $3,573$3,940
Part X · Balance sheet $9,593,241 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $237,579$314,991
X-11 Publicly traded securitiesStart of year $8,011,320$8,685,140
X-12 Other securitiesStart of year $51,962$55,313
X-15 Other assetsStart of year $468,379$537,797
X-16 Total assetsStart of year $8,769,240$9,593,241
X-17 Accounts payable and accrued expenses$1,923
X-18 Grants payableStart of year $1,200,000$720,000
X-25 Other liabilitiesStart of year $317,735$385,220
X-26 Total liabilitiesStart of year $1,517,735$1,107,143
X-27 Net assets without donor restrictionsStart of year $3,126,035$3,926,120
X-28 Net assets with donor restrictionsStart of year $4,125,470$4,559,978
X-32 Total net assets or fund balancesStart of year $7,251,505$8,486,098
X-33 Total liabilities and net assetsStart of year $8,769,240$9,593,241
Part XI · Reconciliation of net assets $8,486,098 net assets at year end
XI-1 Total revenue$463,242
XI-2 Total expenses$3,940
XI-3 Revenue less expenses$459,302
XI-4 Net assets at start of year$7,251,505
XI-5 Net unrealized gains (losses) on investments$773,358
XI-9 Other changes in net assets$1,933
XI-10 Net assets at end of year$8,486,098

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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