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Wesleylife Foundation

EIN 88-2893273 · Johnston, IA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak33 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

GUIDED BY CHRISTIAN COMPASSION, WE PROVIDE THE NEEDED RESOURCES TO SUPPORT THE INDEPENDENCE, HEALTH, AND WELL-BEING OF OLDER ADULTS WHEREVER THEY CALL HOME.

Income
$4.0 million
Spending
$4.0 million
Spent on programs
99%
Reserves
0 months of spending
Largest source of income
donations and private grants, 100%
Employees
0
Volunteers
9
Highest pay
$960,534, president and ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 33 out of 100. Higher than 2% of charities in its peer group (philanthropy, $1m to $10m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.0 months of spending.

  • Debt

    2 of 20

    It owes 100% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 0% of income.

  • Income trend

    0 of 15

    Income fell 61% on the year before.

  • Spending floor

    15 of 15

    99% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 65% of charities in its peer group (philanthropy, $1m to $10m).

  • Independent board

    25 of 25

    8 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $3.9 million spent. WESLEYLIFE FOUNDATION IS AN ORGANIZATION FORMED TO SUPPORT THE CHARITABLE MISSION OF THE WESLEYLIFE CHARITABLE ENTITIES INCLUDING WESLEY RETIREMENT SERVICES, AND WESLEY COMMUNITY SERVICESTHE WESLEYLIFE COMMUNITY ORGANIZATIONS ARE ALL TAX-EXEMPT ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND FUNCTION TO ENHANCE THE INDEPENDENCE, HEALTH, AND WELLBEING OF OLDER ADULTS TO TRANSFORM THE AGING EXPERIENCE SO THAT OLDER ADULTS LIVE BETTER AND LONGER.THE FOUNDATIONS ACTIVITIES FOCUS ON CONSOLIDATING THE FUNDRAISING ACTIVITIES BY THE WESLEYLIFE COMMUNITY ORGANIZATIONS, AND WHILE NOT SECTION 509(A)(3) SUPPORTING ORGANIZATION, IT IS ORGANIZED AND OPERATED TO EXCLUSIVELY SUPPORT THE SECTION 501(C)(3) WESLEYLIFE COMMUNITY ORGANIZATIONS.TO ENSURE THE FOUNDATIONS MISSION ALIGNS WITH THE WESLEYLIFE COMMUNITY, ITS SOLE MEMBER IS WESLEYLIFE, WHICH IS AN ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) AND IS A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION AND IS A SUPPORTING ORGANIZATION TO THE WESLEYLIFE COMMUNITY ORGANIZATIONS. AS A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION, THE SOLE MEMBER WILL ALSO SUPPORT THE FOUNDATION AS ANOTHER SECTION 509(A)(1) PUBLIC CHARITY AND MEMBER OF THE WESLEYLIFE COMMUNITY.
  2. WESLEYLIFE FOUNDATION WAS ESTABLISHED TO SUPPORT WESLEYLIFE, WHICH IS ROOTED IN THE BELIEF THAT EVERYONE DESERVES THE OPPORTUNITY TO LIVE A LIFE OF ONGOING GROWTH, EXPERIENCE, ENGAGEMENT AND MEANING, REGARDLESS OF THEIR PHYSICAL, SOCIAL OR ECONOMIC CIRCUMSTANCES. THE FOUNDATION WORKS CLOSELY WITH WESLEYLIFE TO MANAGE FINANCIAL RESOURCES AND TO SERVE AS RESPONSIBLE STEWARDS.WESLEYLIFE FOUNDATION DISTRIBUTES 100 PERCENT OF ITS CONTRIBUTIONS TO WESLEYLIFE, WHICH HOLDS PERMANENT AND TEMPORARY RESTRICTED NET ASSETS ON BEHALF OF THE FOUNDATION AND AS OF DECEMBER 31, 2024, AMOUNTED TO $32,357,947. THESE FUNDS ARE UTILIZED IN COLLABORATION WITH THE FOUNDATION AND IN ACCORDANCE WITH WESLEYLIFE'S INVESTMENT POLICY, AND THEY DIRECTLY IMPACT AND ENHANCE SERVICES THAT SUPPORT THE INDEPENDENCE, HEALTH AND WELL-BEING OF OLDER ADULTS, WHEREVER THEY CALL HOME.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.