Wellspring Inc
- Assets
- $1.4m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 103
- Location
- Bangor, ME
- Founding
- 09/1985
- Data as of
- 06/2022
- EIN
- 22-2632367
Organization Overview
Wellspring Inc is located in Bangor, ME. The organization was established in 1985. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Wellspring Inc employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring 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 06/2022, Wellspring Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $4.9m during the year ending 06/2022. While expenses have increased by 17.2% 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
TO PROVIDE RESIDENTIAL AND OUTPATIENT SERVICES THAT FOSTER RECOVERY FOR THOSE AFFECTED BY ADDICTION INCLUDING THOSE AFFECTED WITH CO-OCCURRING MENTAL HEALTH DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS RESIDENTIAL HOUSE - WELLSPRING OPERATES CO-OCCURRING CAPABLE RESIDENTIAL FACILITIES FOR MEN AND WOMEN SEEKING SUBSTANCE ABUSE TREATMENT.
OUTPATIENT PROGRAMS - PROVIDES ASSESSMENT, DIAGNOSIS AND SUBSTANCE ABUSE AND MENTAL HEALTH TREATMENT FOR ADULTS AND ADOLESCENTS, AND THEIR FAMILIES.
INTENSIVE OUTPATIENT PROGRAMS PROVIDE ASSESSMENT, DIAGNOSES AND SUBSTANCE USE TREATMENT FOR ADULTS IN A GROUP 3 DAYS/ WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Farley Executive Di | Officer | 40 | $86,338 |
Lucie Estabrook Director | OfficerTrustee | 1 | $0 |
Leah Maxwell Secretary | OfficerTrustee | 1 | $0 |
Chris Maas Treasurer | OfficerTrustee | 1 | $0 |
Rebecca Mcmahan Vice Preside | OfficerTrustee | 1 | $0 |
Dawn M Pelletier President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $44,907 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,346,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,849 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,560,116 |
| Total Program Service Revenue | $3,502,467 |
| Investment income | $166 |
| 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 | $5,083,421 |
| 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. | $86,338 |
| Compensation of current officers, directors, key employees. | $12,951 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,989,136 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $319,902 |
| Payroll taxes | $234,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,357 |
| Fees for services: Accounting | $38,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,177 |
| Advertising and promotion | $8,714 |
| Office expenses | $2,608 |
| Information technology | $48,048 |
| Royalties | $0 |
| Occupancy | $429,748 |
| Travel | $39,416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,373 |
| Interest | $176 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,792 |
| Insurance | $38,929 |
| All other expenses | $89,713 |
| Total functional expenses | $4,948,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465,227 |
| Savings and temporary cash investments | $169,916 |
| Pledges and grants receivable | $39,346 |
| Accounts receivable, net | $589,988 |
| 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 | $19,184 |
| Net Land, buildings, and equipment | $163,386 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,447,047 |
| Accounts payable and accrued expenses | $340,689 |
| Grants payable | $0 |
| Deferred revenue | $608,437 |
| 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 | $949,126 |
| Net assets without donor restrictions | $497,921 |
| 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 | $1,447,047 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Wellspring Inc has recieved totaling $57,247.
| Awarding Organization | Amount |
|---|---|
Heart Of Maine United Way Bangor, ME PURPOSE: EDU, INC, HEALTH | $47,225 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: COVID-19 Related Assistance | $6,000 |
Barbara Cassidy Foundation Biddeford, ME PURPOSE: REQUIRED DISTRIBUTION | $4,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manchester Alcoholism Rehabilitation Center Manchester, NH | $20,749,931 | $13,271,574 |
Wellspring Inc Bangor, ME | $1,447,047 | $5,083,421 |
Crossroads For Women Inc Scarborough, ME | $2,533,087 | $4,741,104 |
Milestone Recovery Portland, ME | $2,980,266 | $3,754,967 |
South Eastern New Hampshire Alcohol And Drug Abuse Services Dover, NH | $938,500 | $2,424,360 |
Greater Nashua Council On Alcoholism-Keystone Hall Nashua, NH | $7,044,308 | $1,713,336 |
White Horse Addiction Center Inc Center Ossipee, NH | $478,890 | $1,285,543 |
New Life Ministries Of New England Inc Manchester, NH | $867,649 | $988,874 |
Keene Serenity Center Inc Keene, NH | $40,885 | $292,538 |
Gates Recovery Center New Ipswich, NH | $31,958 | $0 |
The Friends Of The New Hampshire Drug Courts Concord, NH | $92,648 | $0 |
Families Flourish Northeast Inc Enfield Center, NH | $133,216 | $0 |