Wells Memorial Inc
The wells foundation provides social service grants to nonprofits primarily in the area of homelessness, veterans and youth.
Wells Memorial Inc at a glance
In short: Wells Memorial Inc gave $65K across 7 grants in 2025 (avg $9K), mostly in Minnesota. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $64,500
- +65.4% vs 2024
- Grants made (2025)
- 7
- +40.0% vs 2024
- Average grant
- $9,214
- +18.1% vs 2024
- Median grant
- $10,000
- Total assets
- $2,034,740
- +9.1% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Wells Memorial Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Avenues for Youth ($10K). Together the top 7 received $65K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 29 grants of 29 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Wells Memorial Inc gives
- Giving held roughly steady from 2022 to 2025 (−5%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $31K (2023) to $68K (2022). In 2025 it made 7 grants totaling $65K.
Grants by year
Grant recipients and amounts by year
| 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 |
| University Episcopal Community Minneapolis, MN | Affordable Housing, Food | $8,500 |
| Agate Housing and Services Minneapolis, MN | Programs to End Homelessness | $6,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,034,740 | $156,446 | $153,943 | $64,500 | 7 | $80,629 |
| 2024 | $1,865,025 | $144,021 | $135,477 | $39,000 | 5 | $70,771 |
| 2023 | $1,677,438 | $104,133 | $127,304 | $31,000 | 4 | $27,504 |
| 2022 | $1,551,221 | $100,007 | $152,214 | $67,675 | 9 | $34,459 |
| 2021 | $1,866,702 | $110,074 | $124,171 | $31,672 | 4 | $31,827 |
About Wells Memorial Inc
Based on IRS filings
Wells Memorial Inc is a public charity 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
Leadership & Key People
Officers and directors from IRS filings
Wells Memorial Inc is led by Martha Hoover, President on every filing since 2022; none of the 11 officers listed in 2025 report compensation.
Officers on the 2025 filing
Martha Hoover
President
On filings since 2022
5 hrs/week
No compensation reported
Barbara Knowles Hanson
Secretary
Board Member → Secretary, 2022
On filings since 2021
5 hrs/week
No compensation reported
David Nickel
Board Member
On filings since 2021
1 hr/week
No compensation reported
Harriet McCleary
Secretary Starting
Secretary → Board Member, 2022
Board Member → Secretary Starting, 2025
On filings since 2021
5 hrs/week
No compensation reported
John Nuechterlein
Vice President
Board Member → Vice President, 2022
On filings since 2021
5 hrs/week
No compensation reported
Molly Bott
Board Member
Treasurer → Board Member, 2025
On filings since 2021
1 hr/week
No compensation reported
John Ramsbottom
Board Member
On filings since 2022
1 hr/week
No compensation reported
Linda Schubring
Board Member
On filings since 2022
1 hr/week
No compensation reported
Jim Arnold
Treasurer
Board Member → Treasurer, 2025
On filings since 2023
5 hrs/week
No compensation reported
David Albrecht
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Rachael Babbitt
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (5)
- Former: Very Rev Paul Lebens-Englund (2023–2024) — Board Member
- Former: Lee Brant (2021–2022) — Board Member
- Former: Paul Lebens-Englund (2021–2022) — Board Member
- Former: Bill Nelson (2021) — Vice President
- Former: Inez Bergquist (2021) — President
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Wells Memorial Inc
How much does Wells Memorial Inc give each year?
Wells Memorial Inc gave $65K across 7 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $39K across 5 grants.
What is Wells Memorial Inc's typical grant size?
Wells Memorial Inc's median grant in 2025 was $10,000, and its average grant was $9,214, across 7 grants on its 2025 IRS Form 990.
Where does Wells Memorial Inc give grants?
Wells Memorial Inc gives mostly in Minnesota: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Minneapolis, MN (6 grants).
Does Wells Memorial Inc give general operating support?
Yes: 29% of Wells Memorial Inc's 2025 grants with a stated purpose (2 of 7) were for general or operating support, per its 2025 IRS Form 990.
Who are Wells Memorial Inc's largest grantees?
Wells Memorial Inc's largest 2025 grantees include Avenues for Youth ($10,000), The Lift Garage ($10,000) and Groveland Emergency Food Shelf ($10,000), according to its 2025 IRS Form 990. Together they received 47% of its itemized 2025 grant dollars.
How large is Wells Memorial Inc?
Wells Memorial Inc reported $2.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $156K.
What is Wells Memorial Inc?
Wells Memorial Inc is a public charity focused on Education, based in Minneapolis, MN. It holds $2.0M in total assets as of 2025.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS October 28, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 13, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 30, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 7, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS September 15, 2025)
- IRS filings on file for fiscal years 2021–2025
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