Wellspring Inc
- Assets
- $1.9m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 107
- Location
- Bangor, ME
- Founding
- 09/1985
- Data as of
- 06/2023
- 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 06/2023, Wellspring Inc employed 107 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 06/2023, Wellspring Inc generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $6.2m during the year ending 06/2023. While expenses have increased by 18.3% per year over the past 8 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
2023
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 | $97,490 |
Jon Bowen Director | Trustee | 1 | $0 |
Lucie Estabrook Director | Trustee | 1 | $0 |
William M Shook Jr Director | Trustee | 1 | $0 |
Joanne Lewis Director | Trustee | 1 | $0 |
Chris Maas Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $496 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,702,293 |
| All other contributions, gifts, grants, and similar amounts not included above | $321,009 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,023,798 |
| Total Program Service Revenue | $4,025,349 |
| Investment income | $651 |
| 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 | $6,076,512 |
| 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. | $97,490 |
| Compensation of current officers, directors, key employees. | $97,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,774,708 |
| Pension plan accruals and contributions | $23,362 |
| Other employee benefits | $405,052 |
| Payroll taxes | $312,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,219 |
| Fees for services: Accounting | $45,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,026 |
| Advertising and promotion | $399 |
| Office expenses | $2,187 |
| Information technology | $51,080 |
| Royalties | $0 |
| Occupancy | $528,135 |
| Travel | $30,405 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,771 |
| Interest | $26,968 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,689 |
| Insurance | $42,186 |
| All other expenses | $105,028 |
| Total functional expenses | $6,222,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,117 |
| Savings and temporary cash investments | $171,650 |
| Pledges and grants receivable | $67,410 |
| Accounts receivable, net | $554,498 |
| 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 | $24,024 |
| Net Land, buildings, and equipment | $120,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $705,000 |
| Total assets | $1,884,396 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $488,988 |
| Deferred revenue | $338,381 |
| 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 | $705,000 |
| Total liabilities | $1,532,369 |
| Net assets without donor restrictions | $317,027 |
| Net assets with donor restrictions | $35,000 |
| 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 | $1,884,396 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manchester Alcoholism Rehabilitation Center Manchester, NH | $16,456,328 | $10,466,618 |
Wellspring Inc Bangor, ME | $1,884,396 | $6,076,512 |
Crossroads For Women Inc Scarborough, ME | $1,919,885 | $4,007,213 |
Milestone Recovery Portland, ME | $3,426,457 | $4,919,525 |
South Eastern New Hampshire Alcohol And Drug Abuse Services Dover, NH | $938,500 | $2,424,360 |
White Horse Addiction Center Inc Center Ossipee, NH | $402,875 | $1,505,404 |
New Life Ministries Of New England Inc Manchester, NH | $665,322 | $765,966 |
Greater Nashua Council On Alcoholism-Keystone Hall Nashua, NH | $6,629,002 | $375,058 |
Keene Serenity Center Inc Keene, NH | $73,068 | $349,198 |
Families Flourish Northeast Inc Enfield Center, NH | $420,318 | $350,463 |
Gates Recovery Center New Ipswich, NH | $59,516 | $0 |
The Friends Of The New Hampshire Drug Courts Concord, NH | $92,648 | $0 |
Emery Recovery House Inc Livermore Falls, ME | $0 | $1,100 |