THE WELLS FOUNDATION PROVIDES SOCIAL SERVICE GRANTS TO NONPROFITS PRIMARILY IN THE AREA OF HOMELESSNESS, VETERANS AND YOUTH.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.0M
+9.1% YoY
Annual Giving
$65K
+65.4% YoY
Grant Count
7
+40.0% YoY
Avg Grant Size
$9K
+18.1% YoY
About Wells Memorial Inc
Based on IRS filings
Wells Memorial Inc is a nonprofit organization focused on Education, based in MINNEAPOLIS, MN. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.0M in total assets. In 2025, it awarded 7 grants totaling $65K. Net investment income was $81K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,034,740 | $1,865,025 | $1,677,438 |
| Revenue | $156,446 | $144,021 | $104,133 |
| Expenses | $153,943 | $135,477 | $127,304 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $80,629 | $70,771 | $27,504 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
Grant Size Distribution
25 grants across all recorded years
Open Grants
1 open opportunity from Wells Memorial Inc
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Avenues for Youth ($10,000), The Lift Garage ($10,000), Groveland Emergency Food Shelf ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AVENUES FOR YOUTH MINNEAPOLIS, MN | YOUTH AND FAMILIES FACING HOMELESSNESS | $10,000 |
| THE LIFT GARAGE MINNEAPOLIS, MN | GENERAL OPERATING SUPPORT, WHICH WILL HELP PROVIDE LOW-COST CAR REPAIRS FOR LOW-INCOME INDIVIDUALS AND HELP THEM RETAIN AND/OR RE-ESTABLISH STABILITY AND HOUSING. | $10,000 |
| GROVELAND EMERGENCY FOOD SHELF MINNEAPOLIS, MN | ACCESSIBLE FOOD | $10,000 |
| TUBMAN MINNEAPOLIS, MN | YOUTH SUPPORTIVE HOUSING PROGRAM | $10,000 |
| MN ASSISTANCE COUNCIL FOR VETERANS ST PAUL, MN | GENERAL OPERATING TO SUPPORT THE VETERAN COMMUNITY. | $10,000 |
| AGATE HOUSING AND SERVICES MINNEAPOLIS, MN | PROGRAMS TO END HOMELESSNESS | $6,000 |
| UNIVERSITY EPISCOPAL COMMUNITY MINNEAPOLIS, MN | AFFORDABLE HOUSING, FOOD | $8,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARTHA HOOVER | PRESIDENT | 5 | — |
| JOHN NUECHTERLEIN | VICE PRESIDENT | 5 | — |
| JIM ARNOLD | TREASURER | 5 | — |
| BARBARA KNOWLES HANSON | SECRETARY THRU 12/31/24 | 5 | — |
| HARRIET MCCLEARY | SECRETARY STARTING 1/1/25 | 5 | — |
| DAVID ALBRECHT | BOARD MEMBER | 1 | — |
| RACHAEL BABBITT | BOARD MEMBER | 1 | — |
| MOLLY BOTT | BOARD MEMBER | 1 | — |
| DAVID NICKEL | BOARD MEMBER | 1 | — |
| JOHN RAMSBOTTOM | BOARD MEMBER | 1 | — |
| LINDA SCHUBRING | BOARD MEMBER THRU 7/2/24 | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wells Memorial Inc?
Wells Memorial Inc is a nonprofit organization focused on Education, based in MINNEAPOLIS, MN. It holds $2.0M in total assets as of 2025.
How large is Wells Memorial Inc?
As of 2025, Wells Memorial Inc holds $2.0M in total assets with $156K in annual revenue. It awarded 7 grants totaling $65K in 2025.
Where does Wells Memorial Inc operate?
Wells Memorial Inc has awarded grants in Minnesota.
What size grants does Wells Memorial Inc award?
In 2025, Wells Memorial Inc awarded 7 grants totaling $65K — an average of about $9K per grant, based on its IRS Form 990 filings.
What is Wells Memorial Inc's EIN?
Wells Memorial Inc's EIN (Employer Identification Number) is 41-0694711. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Wells Memorial Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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