Wesleylife Foundation

Tax-deductible

Johnston, IA501(c)(3)Foundations & GrantmakersEIN 88-2893273

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 9 volunteers.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
2 of 2
filings with a surplus
Average surplus $86 a year · under 1% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$201K
to officers and key staff · 5% of spending
Top officer’s pay higher than 82% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$271K
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
-61% vs prior year
Spent
$4.0M
To programs
99%
Net assets
$171
By yearFY2023–FY2024
Revenue
$4.0M
FY2024▼ -61%
Revenue by fiscal year
FY2023$10.1M
FY2024$4.0M
Expenses
$4.0M
FY2024▼ -61%
Expenses by fiscal year
FY2023$10.1M
FY2024$4.0M
Net assets
$171
FY2024
Net assets by fiscal year
FY2023$0
FY2024$171

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2022.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $3.9M Management & general 0% · $17K Fundraising 1% · $24K

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

Who runs it and what they're paid

11 people listed on the 990; $201K paid to officers and key staff.

Part VII, Section A · reportable compensation
VP of Philanthropy
$200,908Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President and CEO
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Sophia Ahmad’s $201K as VP of Philanthropy is at the 82nd percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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.

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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 15aYes

Programs and updates

Supports WesleyLife by managing financial resources and distributing contributions to help people live lives of growth, experience, engagement, and meaning.

Provided by the organization

This section is blank until Wesleylife Foundation claims this page.

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2 program services account for $3.9M of program spending, described in the organization's own filed words · FY2024.
01

Wesleylife foundation is an organization formed to support the charitable mission of the wesleylife charitable entities including wesley retirement services, and wesley community servicesthe wesleylife community organizations are all tax-exempt organizations described in section 501(c)(3) of the internal revenue code of 1986, as amended…

$3.9Mprogram expense
02

Wesleylife foundation was established to support wesleylife, which is rooted in the belief that everyone deserves the opportunity to live a life of ongoing growth, experience, engagement and meaning, regardless of their physical, social or economic circumstances.

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 · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 8 grants · $12.8M · 2023–2024
Wesley Retirement Services INCIA · FY2024$1,908,392
Wesley Community Services INCIA · FY2024$1,323,545
Wellspire LLCIA · FY2024$82,938
WesleylifeIA · FY2024$58,104
Wesley Community Services INCIA · FY2023$5,930,774
Wesley Retirement Services INCIA · FY2023$2,944,007
Wellspire LLCIA · FY2023$484,428
WesleylifeIA · FY2023$47,948

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.0M
Ln 12
Gifts and grantsLn 1h$4.0M
Investment incomeLn 3$171
Money outPt IX
$4.0M
Ln 25
Programscol B$3.9M
Managementcol C$17K
Fundraisingcol D$24K
Owns and owesPt X
$171
net assets · Ln 32
Cash and savingsLn 1–2$271K
Total assetsLn 16$271K
LiabilitiesLn 26$271K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.0M
Noncash giftsLn 1g$548K
Investment incomeLn 3$171
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$271K
Cash and savings togetherLn 1–2$271K
Total assetsLn 16$271K
LiabilitiesLn 26$271K
Net assetsLn 32$171
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
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$90K$271K
Total assetsLn 16$90K$271K
LiabilitiesLn 26$90K$271K
Net assetsLn 32$0$171
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.4M$3.4M
Other salaries and wagesLn 7$369K$369K
Pension plan contributionsLn 8$10K$10K
Other employee benefitsLn 9$64K$64K
Payroll taxesLn 10$27K$27K
Other fees for servicesLn 11g$36K$36K
Advertising and promotionLn 12$17K$17K
Office expensesLn 13$30K$30K
Information technologyLn 14$25K$25K
TravelLn 17$3K$3K
Other expenses (24a–d)Ln 24$29K$5K$24K
Total functional expensesLn 25$4.0M$3.9M$17K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.0M$4.0M$171$171 990 PDF
FY2023 $10.1M$10.1M$0$0 990 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 $3,982,101 across 6 lines filed
VIII-1d Related organizations$608,950
VIII-1f All other contributions, gifts and grants$3,372,980
VIII-1g Noncash contributions (included above)$547,957
VIII-1h Total contributions, gifts and grants$3,981,930
VIII-3 Investment incomeExcluded from tax $171$171
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $171$3,982,101
Part IX · Statement of functional expenses $3,981,930 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $3,372,980$3,372,980
IX-7 Other salaries and wagesPrograms $368,526$368,526
IX-8 Pension plan contributionsPrograms $9,901$9,901
IX-9 Other employee benefitsPrograms $63,588$63,588
IX-10 Payroll taxesPrograms $26,964$26,964
IX-11g Other fees for servicesPrograms $35,800$35,800
IX-12 Advertising and promotionManagement $17,212$17,212
IX-13 Office expensesPrograms $30,151$30,151
IX-14 Information technologyPrograms $24,611$24,611
IX-17 TravelPrograms $3,326$3,326
IX-24 Other expenses (24a–d)Programs $4,706 · Fundraising $24,165$28,871
IX-25 Total functional expensesPrograms $3,940,553 · Management $17,212 · Fundraising $24,165$3,981,930
Part X · Balance sheet $270,940 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $90,180$270,940
X-16 Total assetsStart of year $90,180$270,940
X-17 Accounts payable and accrued expensesStart of year $13,365$8,964
X-25 Other liabilitiesStart of year $76,815$261,805
X-26 Total liabilitiesStart of year $90,180$270,769
X-27 Net assets without donor restrictionsStart of year $0$171
X-32 Total net assets or fund balancesStart of year $0$171
X-33 Total liabilities and net assetsStart of year $90,180$270,940
Part XI · Reconciliation of net assets $171 net assets at year end
XI-1 Total revenue$3,982,101
XI-2 Total expenses$3,981,930
XI-3 Revenue less expenses$171
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$171

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

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