Welfund INC FY2021 filing

Tax-deductible

Mercer Island, WA501(c)(3)EIN 95-6091887

501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2021 · Form 990-PFIndependent: 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
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $48K a year · 75% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
990-PF Pt I · 6 filings
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32K
-2% vs prior year
Spent
$103K
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$32K
FY2021▼ -2%
Revenue by fiscal year
FY2020$32K
FY2021$32K
FY2022$62K
FY2023$74K
FY2024$55K
FY2025$127K
Expenses
$103K
FY2021▲ +6%
Expenses by fiscal year
FY2020$97K
FY2021$103K
FY2022$117K
FY2023$109K
FY2024$108K
FY2025$134K
Net assets
$1.1M
FY2021▼ -6%
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.1M
FY2023$1.0M
FY2024$978K
FY2025$970K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1964.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 77% · $80K Operating & administrative 23% · $23K

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

Who runs it and what they're paid

The filing lists no officers, directors or key staff.

Part VII, Section A · reportable compensation
See Welfund INC executive salaries →

Programs and updates

A private foundation based in Mercer Island, WA.

Provided by the organization

This section is blank until Welfund INC claims this page.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 12 grants · $96K · 2025–2025
Nw School of Wooden Boat BuFY2025$50,000
Urban Art WorksFY2025$10,000
Leavenworth Ski Hill Heritage FndFY2025$6,300
Wenatchee River InstituteFY2025$5,000
Teen & Kid ClosetFY2025$5,000
Red & Blue FoundationFY2025$5,000
Grunewald GuildFY2025$5,000
Chimpanzee SanctuaryFY2025$5,000
Chelan County Fire DistrictFY2025$2,000
Cascade Public MediaFY2025$1,200
WsuFY2025$1,000
Chris Craft Antique Boat ClubFY2025$1,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$8K
Median grantPart XV$5K
Largest grantPart XV$50K

By the numbers

The FY2021 990-PF, line by line.

1The main four
Money in
$32K
Investment income$32K
Money out
$103K
Grants paid$80K
Running costs$23K
Owns and owes
$1.1M
net assets
Cash and savings$31K
Total assets$1.1M
Liabilities$0
2In more detail
Revenue in detail
Investment income$32K
Total revenue$32K
Assets in detailEnd of year
Cash and savings together$31K
Total assets$1.1M
Liabilities$0
Net assets$1.1M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $127K$134K−$8K$970K 990 PDF
FY2024 $55K$108K−$53K$978K 990 PDF
FY2023 $74K$109K−$35K$1.0M 990 PDF
FY2022 $62K$117K−$56K$1.1M 990 PDF
FY2021 Viewing $32K$103K−$71K$1.1M 990 PDF
FY2020 $32K$97K−$65K$1.1M 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

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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