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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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