Wes Welker Foundation EIN 65-1303856 Form 990 (PDF) Claim this org

Wes Welker Foundation

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Encourages at-risk youth to reach their potential through sports and positive mentors. For fiscal year 2024 it reported $271K in revenue, $259K in expenses, and $1.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Oklahoma City, OK
Website
www.weswelkerfoundation.org
Filings
5 on file (2020–2024)
Revenue
$271KFY2024
Expenses
$259K
Net assets
$1.2M
People
21
Filings
5
Updates
0
More identity details & actions ⌄
EIN  65-1303856 Public charity (501(c)(3)) Oklahoma City, OK
Form 990 (PDF)
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Size
$100K–1M
What they do
Encourages at-risk youth to reach their potential through sports and positive mentors.
Leadership
Shannon Love · Executive Director · $37K
Money in and out
$271K revenue, $259K expenses
Bottom line
76% program efficiency
Where the money goes · FY2024
Total revenue
$271K
Pt VIII · Ln 12
Total expenses
$259K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $12K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.17 Fundraising $0.07
Program efficiency
76%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
63.4mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▼ -26% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$271K
FY2024-0.3%
Expenses
$259K
FY2024▲ +1%
Total assets
$1.2M
FY2024▲ +4%
Total liabilities
$18K
FY2024▼ -48%
Total revenue
$271K
Pt VIII · Ln 12
Total expenses
$259K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$12K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWes Welker Foundation
EINHdr · item D65-1303856
Principal addressHdr · item COklahoma City, OK
WebsiteHdr · item Jwww.weswelkerfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N65)
Ruling yearIRS BMFJul 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$37,076Pt VII · Sec A
Former Executive Director
$30,975Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Shannon Love’s $37K as Executive Director is at the 51st percentile of top reported officer pay among 1018 $100K–1M recreation & sports 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 · 2 named individuals · Part VII

NameFY2024FY2023
Kelly Krahl$30,975$58,975
Shannon Love$37,076

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.

See Wes Welker Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $197K of program spending, described in the organization's own filed words · FY2024.
01

The primary program focus is to provide grants for equipment and uniforms to oklahoma city area schools and nonprofits for athletic programs. The grants committee reviews all requests and conducts site visits to various applicants in order to complete its due diligence.

$165Kprogram expense
02

The foundation held a one day football camp for 14 area high school football teams. The event was organized by a committee of community volunteers and board members and is provided at no cost to the participating schools.

$26Kprogram expense
03

The foundation held a cheer preview for local high school cheer teams with high percentages of underserved youth. The one-day event was organized by a committee of community volunteers and board members.

$5Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$181K · 67%
Other revenue$53K · 19%
Investment income$37K · 14%
Contributions & grants67%$181K
Other revenue19%$53K
Investment income14%$37K
Total revenueLn 12$271K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.17 Fundraising $0.07
Program services76%$197K
Management & general17%$44K
Fundraising7%$19K
Total functional expensesLn 25$259K

Balance Sheet

Part X · end of year
CashLn 1$538K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$18K
Total net assetsLn 32$1.2M
Months of cash on handcomputed24.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses (Pt IX) $259K · Less non-cash grants $26K · Cash operating expenses/yr $233K
63.4 months
Where the money goes
Program services
Program services $197K · Total expenses $259K
76%
Management & General
Management & general $44K · Total expenses $259K
17%
Fundraising
Fundraising $19K · Total expenses $259K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $19K · Solicited contributions (3-yr avg) $227K
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $181K · Total revenue $271K
67%
Government reliance
Government grants — · Total revenue $271K
Earned-income share
Program service revenue $0 · Total revenue $271K
0%
Investment reliance
Investment income $37K · Total revenue $271K
+14%
Program self-sufficiency
Program service revenue $0 · Total expenses $259K
0%
Growth & trend
Revenue growth (YoY)
This year $271K · Prior year $272K
-0.3%
Revenue CAGR
FY2020 $223K · FY2024 $271K
+5%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $271K · Expenses $259K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $694K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
56%
People & payroll
Highest Reported Total Compensation
Individual Shannon Love · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $37K · Total expenses $259K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $81K · Total expenses $259K
31%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 17%
Fundraising cost ratio 11%
Revenue growth -0.3%
Accounting fee ratio 4%

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 · FY2024
See all 6 funders →
Grants paid · 56 grants · $645K · 2020–2024
Cycles for Life INCOK · FY2024$15,000
Mary Golda Ross Middle SchoolFY2024$11,500
Star Spencer High SchoolFY2024$7,500
Southeast Middle SchoolFY2024$7,250
Webster Middle SchoolFY2024$7,100
Riversport FoundationOK · FY2024$7,000
Classen Sas High School at Ne High SchoolFY2024$5,200
Douglass High SchoolFY2023$12,025
Star Spencer High SchoolFY2023$9,500
Northwest Classen High SchoolFY2023$8,900
Taft Middle SchoolFY2023$7,300
Southeast High SchoolFY2023$6,500
Southeast Middle SchoolFY2023$6,330
US Grant High SchoolFY2023$6,200
See all 56 grants →

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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)$271K revenue · viewing · ⤓ 990 PDF
FY2023$272K revenue · ⤓ 990 PDF
FY2022$254K revenue · ⤓ 990 PDF
FY2021$213K revenue · ⤓ 990 PDF
FY2020$223K 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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