Totals
- Total revenue
- $620,448
- Total expenses
- $736,784
- Contributions and grants received
- $55,679
- Grants paid
- $725,000
- Program service revenue
- $0
- Investment income
- $564,769
- Other revenue
- $0
- Total assets, end of year
- $8,769,240
- Total liabilities, end of year
- $1,517,735
- Net assets or fund balances, end of year
- $7,251,505
- Program services expenses (Part IX)
- $725,000
- Management and general expenses
- $313
- Fundraising expenses
- $11,471
- Program service expenses (Part III)
- $725,000
Program services were 98.4% 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.
-
1f · All other contributions, gifts and grants
$55,679
-
3 · Investment income
total $206,192 · excluded $206,192
-
7a · Gross sales of assets other than inventory
securities $800,000
-
7b · Less cost or other basis and sales expenses
securities $441,423
-
7c · Gain or loss
securities $358,577
-
7d · Net gain or loss
total $358,577 · excluded $358,577
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $725,000 · program services $725,000
-
13 · Office expenses
total $11,784 · management and general $313 · fundraising $11,471
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $198,486 · end of year $237,579
-
11 · Investments: publicly traded securities
beginning of year $7,884,115 · end of year $8,011,320
-
12 · Investments: other securities
beginning of year $45,786 · end of year $51,962
-
15 · Other assets
beginning of year $393,214 · end of year $468,379
-
17 · Accounts payable and accrued expenses
beginning of year $4,981 · end of year $0
-
18 · Grants payable
beginning of year $1,275,000 · end of year $1,200,000
-
25 · Other liabilities
beginning of year $232,109 · end of year $317,735
-
27 · Net assets without donor restrictions
beginning of year $2,797,257 · end of year $3,126,035
-
28 · Net assets with donor restrictions
beginning of year $4,212,254 · end of year $4,125,470
Mission and programs · 2023
Mission
TO SUPPORT THE OPERATION OF PROGRAMS AND DEVELOPMENT OF FACILITIES OF WESLEY TOWERS, INC. FOR THE PURPOSE OF PROVIDING HOUSING, CARE, TREATMENT, AND REHABILITATION OF ELDERLY PERSONS, WITHOUT REGARD TO RACE, CREED, OR ORIGIN.
Activities or mission (Part I)
PROVIDE FUNDING TO WESLEY TOWERS, INC., A 501(C)(3) RETIREMENT COMMUNITY.
-
TO SUPPORT THE OPERATION OF PROGRAMS AND DEVELOPMENT OF FACILITIES OF WESLEY TOWERS, INC., AS WELL AS, PROVIDE EDUCATION SCHOLARSHIPS TO EMPLOYEES OF WESLEY TOWERS, INC.
Expenses $725,000 · Grants $725,000
As filed on the 2023 return.
Listed in Part VII
-
Ed JohnsonED JOHNSON
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Karen GillilandKAREN GILLILAND
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
John DenneyJOHN DENNEY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Bill LongBILL LONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carol BergerCAROL BERGER
EX OFFICIO TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mike EvansMIKE EVANS
EX OFFICIO TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark MainsMARK MAINS
PRESIDENT/CEO
- Total calculated
- $199,369
- From this org
- $0
- From related orgs
- $178,536
- Other
- $20,833
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $178,536 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $20,833 related
- Filer's total
- $0 + $199,369 related
-
Susan KensilSUSAN KENSIL
CFO
- Total calculated
- $139,930
- From this org
- $0
- From related orgs
- $133,224
- Other
- $6,706
- Hours/week
- 1 + 40 related
-
Nabeel KhokharNABEEL KHOKHAR
COO
- Total calculated
- $116,334
- From this org
- $0
- From related orgs
- $107,948
- Other
- $8,386
- Hours/week
- 1 + 40 related
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
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
-
$725,000
SUPPORT
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.
-
501(C)(3) · ELDERLY · KS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521359349310517
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