The Karen Wellington Memorial Foundation

EIN: 263768567 501(c)(3) Diseases & Disorders

Cincinnati, OH

Total Revenue
$1,170,673
Total Expenses
$1,348,547
Total Assets
$514,752
Net Assets
$481,634
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
OH
Phone
5136292812
Tax Period
2024-01-01 to 2024-12-31

The Karen Wellington Memorial Foundation, founded in 2009, is a community nonprofit in the Diseases & Disorders sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

We put fun on the calendars of women and families with breast cancer by sending them on special vacations, relaxing spa days, dinners out, concerts, and other fun-only activities.

Program Service Accomplishments

Program 1
Expenses: $912,961 Revenue: $0

At KWF we work to put FUN on the calendars for women and families LIVING with breast cancer. From vacations to spa days, backstage passes and sporting events, trips to the zoo, and nights on the...

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At KWF we work to put FUN on the calendars for women and families LIVING with breast cancer. From vacations to spa days, backstage passes and sporting events, trips to the zoo, and nights on the town, no single gift of FUN is the same. In 2024 alone, we gave over 1,119 total gifts which provided much needed respite and mental health breaks from breast cancer. As KWF increases giving, we will send about 100+ women on vacations, 300+ women to spas and other gifts of fun, and 700 Lemons to Lemonade FUN boxes. Approximately 75% of those gifts are in-kind donated experiences - including donated vacation home rentals, donated spa days gifts by various spas throughout the U.S., donated concert and sports tickets and more. In short, we leverage donations in putting KWF experiences together for KWF recipients. These experiences are designed to help women, who are actively battling breast cancer, live life to the fullest. 100 % of our recipients have stated that they have had to cancel plans due to treatment. The mental health benefits of having something good to look forward to have been proven to energize and renew them, encouraging them to stay positive during the darkest of times. KWFs mission is to give to all who are nominated and reach more women and families in the coming years. Around 30% of our gifts are the last experiences these families will have, which is why many families choose KWF as a beneficiary of their memorial funds. We call these gifts FUNds. Our list of FUNds keeps growing and while we are saddened at the loss of life, we are privileged to help families heal through paying it forward. Many of those families stay involved with KWF by helping us deliver FUN to others.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,197,306
Program Service Revenue $0
Investment Income $28,981
Other Revenue $-55,614
TOTAL REVENUE $1,170,673

Expense Breakdown

Grants Paid $618,717
Salaries & Benefits $512,340
Fundraising Expenses $194,962
Program Expenses $912,961
Other Expenses $217,490
TOTAL EXPENSES $1,348,547

Year-over-Year Comparison

2024 2023 Change
Revenue $1,170,673 $1,113,655 +0.1%
Expenses $1,348,547 $1,163,054 +0.2%
Net Income $-177,874 $-49,399 +2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
16
Employees
11
Volunteers
325

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$99,500
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Katie Alsip Elbisser Executive Director 40.00
Officer
$99,500 $0 $99,500
Kent Wellington Chair 1.00
Officer Director
$0 $0 $0
Terri Karsten Vice Chair 1.00
Officer Director
$0 $0 $0
Chad Neiter Treasurer 1.00
Officer Director
$0 $0 $0
Robby Wellington Secretary 1.00
Officer Director
$0 $0 $0
Marie Arcuri Director 1.00
Officer Director
$0 $0 $0
Lori Falke Director 1.00
Director
$0 $0 $0
Connie Laug Director 1.00
Director
$0 $0 $0
Steven Reder Director 1.00
Director
$0 $0 $0
Liz Knecht Director 1.00
Director
$0 $0 $0
Tashawna Otabil Director 1.00
Director
$0 $0 $0
Christopher Smitherman Director 1.00
Director
$0 $0 $0
Katherine Nero Director 1.00
Director
$0 $0 $0
Molly Flanagan Director 1.00
Director
$0 $0 $0
Joe Pellegrini Director 1.00
Director
$0 $0 $0
Breanna Bovara Director 1.00
Director
$0 $0 $0
Kim Amrine Director 1.00
Director
$0 $0 $0
Kecia Benneth Director 1.00
Director
$0 $0 $0
Liam McMillian Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,170,673 $1,348,547 $514,752 $-177,874
2023 $1,113,655 $1,163,054 $702,361 $-49,399
2022 $900,934 $877,654 $628,985 $23,280
2021 $700,881 $648,351 $650,189 $52,530
2020 $613,190 $435,814 $570,520 $177,376
2019 $587,708 $461,062 $383,745 $126,646
2018 $605,386 $634,515 $233,783 $-29,129
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