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Wesley Towers Foundation

Tax-deductible

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

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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CWesley Towers Foundation
EINHdr · item D48-1084547
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 1995
Year of formationHdr · item L1990
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CHutchinson, KS
NTEE classificationIRS BMFFoundations & Grantmakers (T20Z)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $0.09 Fundraising $0.91
Management & general9%$367
Fundraising91%$4K
Total functional expensesLn 25$4K

Financial health

Is it on solid ground?

Program efficiency
0%
of spending reaches programs▼ -100% vs prior filing year
Operating runway
27580.0mo
months of highly liquid reserves at operating expense rate▲ ×204 vs prior filing year
Surplus margin
+99%
revenue over expenses, this year▲ +629% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$9.6M
FY2024▲ +9%
Total assets by fiscal year
FY2020$10.3M
FY2021$11.3M
FY2023$8.5M
FY2024$8.8M
FY2024$9.6M
Total liabilities
$1.1M
FY2024▼ -27%
Total liabilities by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2023$1.5M
FY2024$1.5M
FY2024$1.1M
Revenue less expensesPt I · Ln 19$459K
Total assetsPt X · Ln 16$9.6M
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$315K
Total assetsLn 16$9.6M
Total liabilitiesLn 26$1.1M
Total net assetsLn 32$8.5M
Months of cash on handcomputed959.4

Statement of Revenue

Part VIII
Investment income$385K · 83%
Contributions & grants$79K · 17%
Investment income83%$385K
Contributions & grants17%$79K
Total revenueLn 12$463K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9.1M · Operating expenses/yr $4K
27580.0 months
Where the money goes
Program services
Program services $0 · Total expenses $4K
0%
Management & General
Management & general $367 · Total expenses $4K
9%
Fundraising
Fundraising $4K · Total expenses $4K
91%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $62K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $79K · Total revenue $463K
17%
Government reliance
Government grants — · Total revenue $463K
—
Earned-income share
Program service revenue $0 · Total revenue $463K
0%
Investment reliance
Investment income $385K · Total revenue $463K
+83%
Program self-sufficiency
Program service revenue $0 · Total expenses $4K
0%
Growth & trend
Revenue growth (YoY)
This year $463K · Prior year $620K
-25%
Revenue CAGR
FY2019 $405K · FY2024 $463K
+3%
Net-asset trend (YoY)
End of year $8.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $463K · Expenses $4K
+99%
Liabilities-to-Assets
Total liabilities — · Total assets $9.6M
—
Net-asset ratio
Net assets $8.5M · Total assets $9.6M
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $8.7M · Other securities (Pt X, ln 12) $55K · Total assets (Pt X, ln 16) $9.6M
91%
People & payroll
Highest Reported Total Compensation
Individual Karen Gilliland · Reported title CHAIR · Highest reported compensation $0 · Total expenses $4K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $4K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 9%——
Fundraising cost ratio 5%——
Revenue growth -25%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

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
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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • 3Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Funds a retirement community for seniors.

Provided by the organization

This section is blank until Wesley Towers Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $620K$737K+64% 990 PDF
FY2023 $379K$1.8M-35% 990 PDF
FY2022 Not on file
FY2021 $582K$1.4M+44% 990 PDF
FY2020 $405K$924K 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

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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