Wellone Foundation
EIN: 50484030 · Pascoag, RI
| Metric | Value |
|---|---|
| Total Expenses | $17K |
| Net Assets | $199K |
Is Wellone Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wellone Foundation
Wellone Foundation (EIN: 50484030) is a nonprofit organization based in Pascoag, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wellone Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wellone Foundation is a micro nonprofit, with 8 years of IRS 990 filings on record (2011–2018).
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $17K |
| Surplus / Deficit | $-665 |
| Total Assets | $199K |
| Net Assets | $199K |
| Operating Margin | -4.0% |
| Months of Reserves | 137.6 months |
Financial Health Grade: B
In 2018, Wellone Foundation reported a deficit of $665 with expenses exceeding revenue, holds 137.6 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +59617.9% | +9505.5% | -0.3% |
| 2017 | -99.9% | -99.3% | -0.1% |
| 2016 | +40.8% | +69.8% | -1.8% |
| 2015 | +156.3% | — | +0.2% |
AI Analysis Pending
AI enrichment for Wellone Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wellone Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $665, with expenses exceeding revenue.
Frequently Asked Questions about Wellone Foundation
Is Wellone Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wellone Foundation (EIN: 50484030) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wellone Foundation spend its money?
Detailed spending breakdown data is not yet available for Wellone Foundation. Check back for updated IRS 990 analysis.
Are donations to Wellone Foundation tax-deductible?
Wellone Foundation is registered as a tax-exempt nonprofit (EIN: 50484030). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wellone Foundation located?
Wellone Foundation is headquartered in Pascoag, Rhode Island and files with the IRS under EIN 50484030.
How many years of IRS 990 filings does Wellone Foundation have?
Wellone Foundation has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Wellone Foundation showing financial trends over 8 years of public records:
Total assets increased by 0.6% over the same period, from $198K to $199K. In its most recent filing year (2018), Wellone Foundation reported a deficit of $665, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $17K | $17K | $199K | $0 | — | View 990 |
| 2017 | $28 | $181 | $200K | $0 | — | View 990 |
| 2016 | $21K | $25K | $200K | $0 | — | View 990 |
| 2015 | $15K | $15K | $204K | $0 | — | View 990 |
| 2014 | $6K | $0 | $204K | $0 | — | View 990 |
| 2013 | $-834 | $0 | $198K | $0 | — | View 990 |
| 2012 | $420 | $0 | $199K | $0 | — | View 990 |
| 2011 | $0 | $0 | $198K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $17K, expenses of $17K, and assets of $199K (revenue +59617.9% year-over-year).
- 2017: Revenue of $28, expenses of $181, and assets of $200K (revenue -99.9% year-over-year).
- 2016: Revenue of $21K, expenses of $25K, and assets of $200K (revenue +40.8% year-over-year).
- 2015: Revenue of $15K, expenses of $15K, and assets of $204K (revenue +156.3% year-over-year).
- 2014: Revenue of $6K, expenses of $0, and assets of $204K.
- 2013: Revenue of $-834, expenses of $0, and assets of $198K (revenue -298.6% year-over-year).
- 2012: Revenue of $420, expenses of $0, and assets of $199K.
- 2011: Revenue of $0, expenses of $0, and assets of $198K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wellone Foundation:
Data Sources and Methodology
This transparency report for Wellone Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.