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← WESLEY HOMES FOUNDATION A SUPPORTING ORGANIZATION

Form 990 for tax year 2022

Filed by WESLEY HOMES FOUNDATION A SUPPORTING ORGANIZATION.

Totals

Total revenue
$2,274,385
Total expenses
$3,119,430
Contributions and grants received
$1,959,391
Grants paid
$2,250,057
Program service revenue
$0
Investment income
$314,994
Other revenue
$0
Total assets, end of year
$15,682,959
Total liabilities, end of year
$2,791,388
Net assets or fund balances, end of year
$12,891,571
Program services expenses (Part IX)
$2,333,206
Management and general expenses
$543,556
Fundraising expenses
$242,668
Program service expenses (Part III)
$2,333,206

Program services were 74.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $47,046

  • 1f · All other contributions, gifts and grants

    $1,912,345

  • 1g · Noncash contributions included above

    $16,596

  • 3 · Investment income

    total $353,955 · excluded $353,955

  • 7a · Gross sales of assets other than inventory

    securities $7,365,899

  • 7b · Less cost or other basis and sales expenses

    securities $7,404,860

  • 7c · Gain or loss

    securities -$38,961

  • 7d · Net gain or loss

    total -$38,961 · excluded -$38,961

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,212,039 · program services $2,212,039

  • 2 · Grants to domestic individuals

    total $38,018 · program services $38,018

  • 5 · Compensation of officers, directors and key employees

    total $232,350 · management and general $116,175 · fundraising $116,175

  • 7 · Other salaries and wages

    total $333,635 · management and general $333,635

  • 8 · Pension plan contributions

    total $9,384 · management and general $9,384

  • 9 · Other employee benefits

    total $16,114 · management and general $16,114

  • 10 · Payroll taxes

    total $38,015 · management and general $38,015

  • 11c · Fees: accounting

    total $2,599 · management and general $2,599

  • 11f · Fees: investment management

    total $79,386 · program services $79,386

  • 11g · Fees: other

    total $73,256 · program services $3,750 · management and general $3,506 · fundraising $66,000

  • 12 · Advertising and promotion

    total $58,513 · management and general $9,503 · fundraising $49,010

  • 13 · Office expenses

    total $10,551 · management and general $9,167 · fundraising $1,384

  • 17 · Travel

    total $2,397 · management and general $32 · fundraising $2,365

  • 19 · Conferences, conventions and meetings

    total $550 · management and general $550

  • 23 · Insurance

    total $2,999 · management and general $2,999

  • 24a · Other expenses: ALL OTHER EXPENSES

    total $9,624 · program services $13 · management and general $1,877 · fundraising $7,734

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,003,781 · end of year $362,967

  • 2 · Savings and temporary cash investments

    beginning of year $124,502 · end of year $37,045

  • 3 · Pledges and grants receivable

    beginning of year $544,541 · end of year $611,636

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,190 · end of year $6,190

  • 11 · Investments: publicly traded securities

    beginning of year $16,140,453 · end of year $13,116,790

  • 15 · Other assets

    beginning of year $1,757,723 · end of year $1,548,331

  • 17 · Accounts payable and accrued expenses

    beginning of year $92,322 · end of year $98,074

  • 25 · Other liabilities

    beginning of year $2,103,551 · end of year $2,693,314

  • 27 · Net assets without donor restrictions

    beginning of year $7,002,787 · end of year $3,583,738

  • 28 · Net assets with donor restrictions

    beginning of year $10,378,530 · end of year $9,307,833

Mission and programs · 2022

Mission

INSPIRED BY AND GROUNDED IN FAITH, WESLEY ENRICHES THE LIVES OF OLDER ADULTS THROUGH COMMUNITY, CHOICE AND CONTINUING CARE.

Activities or mission (Part I)

TO SUPPORT WESLEY HOMES AFFILIATES THROUGH FUNDRAISING INITIATIVES.

  • FUNDED BY DIRECT CONTRIBUTIONS FROM DONORS TO HELP WESLEY HOMES CAMPUSES REDUCE THE IMPACT TO OPERATIONAL EXPENSES INCURRED BY RESIDENT ACTIVITIES, CHAPLAINCY, AND RESIDENT LIBRARIES.

    Expenses $2,008,695 · Grants $1,925,546

  • THE RESIDENT ASSISTANCE PROGRAMS ARE FUNDED BY DIRECT CONTRIBUTIONS AND ENDOWED CONTRIBUTIONS FROM DONORS TO HELP THE WESLEY HOMES CAMPUSES REDUCE THE IMPACT OF SUBSIDIES TO RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL MEANS TO RECEIVE INDEPENDENT AND ASSISTED LIVING SERVICES.

    Expenses $276,197 · Grants $276,197

  • THE BISHOP MCCONNELL PROGRAMS ARE FUNDED BY WESLEY HOMES DES MOINES TO PROVIDE FOR THE MEDICAL AND OTHER NEEDS OF QUALIFIED INDEPENDENT LIVING AND ASSISTED LIVING RESIDENTS.

  • WESLEY HOMES FOUNDATION RAISED FUNDS FOR CAPITAL PROJECTS AT WESLEY HOMES DES MOINES AND WESLEY HOMES BRADLEY PARK TO ASSIST WITH THE CONSTRUCTION OF NEW FACILITIES IN EACH CAMPUS.

    Expenses $10,296 · Grants $10,296

  • FUNDED BY EMPLOYEES OF WESLEY HOMES AND WESLEY HOMES FOUNDATION, AN EMPLOYEE ASSISTANCE PROGRAM PROVIDES ASSISTANCE GRANTS TO CURRENT EMPLOYEES WHO HAVE EXPERIENCED AN EVENT CAUSING FINANCIAL HARDSHIP OR ARE FURTHERING THEIR EDUCATION.

    Expenses $38,018 · Grants $38,018

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KEVIN ANDERSON

    PRESIDENT/CEO

    Total calculated
    $432,241
    From this org
    $0
    From related orgs
    $393,138
    Other
    $39,103
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $384,654 related
    Bonus
    $0
    Other
    $0 + $8,484 related
    Deferred
    $0 + $16,000 related
    Nontaxable benefits
    $0 + $23,103 related
    Filer's total
    $0 + $432,241 related

  • JIM YAMAMOTO

    VP OF FINANCE

    Total calculated
    $241,518
    From this org
    $0
    From related orgs
    $224,257
    Other
    $17,261
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,204 related
    Bonus
    $0
    Other
    $0 + $5,053 related
    Deferred
    $0 + $7,316 related
    Nontaxable benefits
    $0 + $9,945 related
    Filer's total
    $0 + $241,518 related

  • SUSAN MCCONNELL

    EXECUTIVE DIRECTOR

    Total calculated
    $232,350
    From this org
    $209,689
    From related orgs
    $0
    Other
    $22,661
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $208,897
    Bonus
    $0
    Other
    $792
    Deferred
    $8,616
    Nontaxable benefits
    $14,045
    Filer's total
    $232,350

  • DAVID SNOW

    DIRECTOR OF CAMPAIGNS

    Total calculated
    $122,535
    From this org
    $106,752
    From related orgs
    $0
    Other
    $15,783
    Hours/week
    40

  • BILL FREITAG

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRIAN FREDERICK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DICK JOBST

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • BRIAN GARRETT

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DAVID BROOKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUZIE BURKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AL FRAZEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY GUITE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NANCY OSBORNE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRENT SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOANNE SWANSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT/CEO IS COMPENSATED BY WESLEY HOMES, A RELATED ENTITY. WHEN DETERMINING THE PRESIDENT/CEO'S COMPENSATION, WESLEY HOMES USES THE FOLLOWING METHODS: (1) INDEPENDENT COMPENSATION CONSULTANT (2) COMPENSATION SURVEY OR STUDY (3) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
25 October 2023
IRS schema version
2022v5.0
Source object
202343039349301474

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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