Wellspring Group
- Assets
- $1.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Norcross, GA
- Founding
- 05/2004
- Data as of
- 03/2022
- EIN
- 20-0245876
Organization Overview
Wellspring Group 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 03/2022, Wellspring Group employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring Group 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 03/2022, Wellspring Group generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $1.2m during the year ending 03/2022. While expenses have increased by 6.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DISCIPLESHIP MINISTRY TO INDIVIDUALS & 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.
RETREAT INCOME - WELLSPRING HELD 12 RETREATS DURING THE 2021 FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Bolden Executive Director | OfficerTrustee | 40 | $173,480 |
Abby Mandella Managing Director | Officer | 35 | $103,600 |
Beth Lee Chairman | OfficerTrustee | 1 | $0 |
Bryan Taylor Director | Trustee | 1 | $0 |
Judy Keappler Director | Trustee | 1 | $0 |
Jerry Ingraham Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,473,077 |
| Noncash contributions included in lines 1a–1f | $25,346 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,596,577 |
| Total Program Service Revenue | $189,797 |
| Investment income | $23 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,787,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,300 |
| 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. | $298,880 |
| Compensation of current officers, directors, key employees. | $98,733 |
| Compensation to disqualified persons | $97,420 |
| Other salaries and wages | $311,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,586 |
| Payroll taxes | $50,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,679 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,655 |
| Advertising and promotion | $12,516 |
| Office expenses | $2,831 |
| Information technology | $38,354 |
| Royalties | $0 |
| Occupancy | $22,938 |
| Travel | $40,303 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,379 |
| All other expenses | $0 |
| Total functional expenses | $1,168,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,020 |
| Savings and temporary cash investments | $933,623 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,131 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $653 |
| Total assets | $1,020,427 |
| Accounts payable and accrued expenses | $10,406 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $10,406 |
| Net assets without donor restrictions | $1,010,021 |
| 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 | $1,020,427 |
Grants Awarded
Over the last fiscal year, Wellspring Group has awarded $65,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Loganville, GA PURPOSE: Program Support for Recipient | $50,000 |
CHRISTIAN ACTIVITIES PURPOSE: Program Support for Recipient | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Wellspring Group has recieved totaling $393,517.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $251,405 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $115,000 |
Servant Foundation Overland Park, KS PURPOSE: RELIGIOUS MINISTRY | $14,800 |
Chattanooga Christian Community Foundation Chattanooga, TN PURPOSE: IN FURTHERANCE OF FOUNDATION'S PURPOSES | $5,700 |
American Endowment Foundation Hudson, OH PURPOSE: RELIGION | $5,300 |
Matthew 6 Foundation Inc Macon, GA PURPOSE: CHARITABLE CONTRIBUTIONS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vision Baptist Missions Inc Alpharetta, GA | $4,755,365 | $10,893,530 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
World Outreach Ministries Inc Kennesaw, GA | $2,301,447 | $10,553,778 |
Lutheran Home - Forsyth County Inc Salisbury, NC | $3,585,984 | $11,789,990 |
Timothy Initiative Inc Raleigh, NC | $25,869,697 | $20,418,173 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
Living On The Edge With Chip Ingram Duluth, GA | $7,733,886 | $10,860,458 |
Teen Challenge Job Training Inc Columbus, GA | $2,036,662 | $7,928,506 |
Mercy Multiplied America Inc Nashville, TN | $15,008,837 | $12,307,052 |
Outreach Foundation Of The Presbyterian Church Inc Franklin, TN | $10,682,704 | $9,066,746 |
Epworth By The Sea Inc St Simons Island, GA | $22,098,975 | $11,861,370 |
Lighthouse Gospel Mission Inc Riverview, FL | $956,099 | $6,409,452 |