The Wellspring Group Inc
- Assets
- $789.8k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Norcross, GA
- Founding
- 05/2004
- Data as of
- 03/2024
- EIN
- 20-0245876
Organization Overview
The Wellspring Group Inc is located in Norcross, GA. The organization was established in 2004. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 03/2024, Wellspring Group Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring Group Inc 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 03/2024, Wellspring Group Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $1.7m during the year ending 03/2024. While expenses have increased by 9.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
DISCIPLESHIP MINISTRY TO INDIVIDUALS AND GROUPS IN HOW TO LEAD A BETTER LIFE THROUGH CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHURCH COACHING - WELLSPRING PROVIDES TEACHING, COACHING, AND MATERIALS, AS WELL AS CONSULTING WITH CHURCH AND BUSINESS LEADERS.
RETREATS - WELLSPRING HELD RETREATS DURING THE 2024 FISCAL YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Taylor Board Chairman | OfficerTrustee | 1 | $0 |
Paul Barber Board Member | Trustee | 1 | $0 |
Judy Keappler Board Member | Trustee | 1 | $0 |
Beth Lee Board Member | Trustee | 1 | $0 |
David Wilson Board Member | Trustee | 1 | $0 |
Rob Consoli Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,563,476 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,563,476 |
| Total Program Service Revenue | $183,633 |
| Investment income | $14,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $885 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,762,005 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $501,175 |
| Compensation of current officers, directors, key employees. | $110,259 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $334,187 |
| Pension plan accruals and contributions | $12,290 |
| Other employee benefits | $11,150 |
| Payroll taxes | $124,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $291 |
| Fees for services: Accounting | $17,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,944 |
| Advertising and promotion | $47,995 |
| Office expenses | $73,004 |
| Information technology | $40,081 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,761 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,219 |
| All other expenses | $0 |
| Total functional expenses | $1,676,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,531 |
| Savings and temporary cash investments | $359,212 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,675 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $248,374 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $789,792 |
| Accounts payable and accrued expenses | $16,419 |
| Grants payable | $0 |
| Deferred revenue | $1,554 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,973 |
| Net assets without donor restrictions | $771,819 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $789,792 |
Grants Awarded
Over the last fiscal year, The Wellspring Group Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LOGANVILLE CHRISTIAN ACADEMY PURPOSE: Program Support for Recipient | $10,000 |
NEW CITY CHURCH PURPOSE: Program Support for Recipient | $25,000 |