Wellspring Foundation
- Assets
- $3.3m
- Revenue
- $378.7k
- Investments
- $3.2m
- Employees
- 0
- Location
- Canton, MA
- Founding
- 05/1986
- Data as of
- 12/2023
- EIN
- 13-3457878
Organization Overview
Wellspring Foundation is located in Canton, MA. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Wellspring Foundation generated $378.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $372.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Wellspring Foundation has awarded 82 individual grants totaling $2,037,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Pettus Trustee | 2 | $0 | |
Elise Pettus Trustee | 2 | $0 | |
Brewster Pettus Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,520 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $307,196 |
| Capital Gain Net Income | $307,196 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $378,716 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,424 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $556 |
| Total operating and administrative expenses | $62,477 |
| Contributions, gifts, grants paid | $310,000 |
| Total expenses and disbursements | $372,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $67,452 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,278,798 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wellspring Foundation has awarded $310,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CLEAN AIR TASK FORCE INC PURPOSE: GENERAL | $50,000 |
LONE STAR JUSTICE ALLIANCE PURPOSE: GENERAL | $30,000 |
EDUCATIONAL VIDEO CENTER PURPOSE: GENERAL | $25,000 |
NATIONAL ALLIANCE ON MENTAL ILLNESS PURPOSE: GENERAL | $20,000 |
CENTER FOR REPRODUCTIVE RIGHTS PURPOSE: GENERAL | $50,000 |
LEAGUE OF WOMEN VOTERS VOTER EDUCATIONAL FUND PURPOSE: GENERAL | $35,000 |