Wellspring Second Chance Center
- Assets
- $115.9k
- Revenue
- $429.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Champelin, MN
- Founding
- 01/2010
- Data as of
- 12/2022
- EIN
- 26-3277422
Organization Overview
Wellspring Second Chance Center is located in Champelin, MN. The organization was established in 2010. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring Second Chance Center 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 12/2022, Wellspring Second Chance Center generated $429.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 40.0% each year . All expenses for the organization totaled $439.0k during the year ending 12/2022. While expenses have increased by 43.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WELL SPRING SECOND CHANCE CENTER MISSION IS TO SHEPHERD COMMUNITY RESOURCES, MEET BASIC NEEDS, PROMOTE SELF-SUFFICIENCY, ASSIST AND PROTECT THE VULNERABLE, FORMERLY INCARCERATED, MARGINALIZED PERSONS, AND PRESERVE FAMILIES THROUGH THE EFFICIENT AND COST-EFFECTIVE DELIVERY OF SERVICES EXPERTISE, CRISIS MANAGEMENT AND WITH AN EMPHASIS IN THE AREA OF IMPROVING LIVES OF EX-OFFENDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WELLSPRING SECOND CHANCE CENTER PROVIDES SERVICES TO 10 ADULTS AND 5 YOUTHS WEEKLY THROUGH URBAN ADVENTURES
THE DOMESTIC VIOLENCE SURVIVOR?S PROGRAM IS HELD ON MONDAY MORNINGS AND 5 WOMEN ARE CURRENTLY ENROLLED. 11 SESSIONS IN TOTAL ARE HELD FOR BOTH MEN AND WOMEN. THOSE WHO ARE ENROLLED IN DOMESTIC VIOLENCE PROGRAMMING ARE ELIGIBLE TO WORK WITH OUR HOUSING AND EMPLOYMENT SPECIALIST. 5 INDIVIDUALS HAVE APPLIED FOR HOUSING AND 1 INDIVIDUAL HAS SUCCESSFULLY LANDED A JOB THROUGH THIS PROGRAM.
TURNING POINT HAS COLLABORATED WITH WELLSPRING, AND 16 PEOPLE ARE ENROLLED IN THAT PROGRAM, WHILE 15 PEOPLE ARE ENROLLED IN OUR COMMUNITY'S ANGER MANAGEMENT PROGRAM. IN THIS PROGRAM, 31 PEOPLE ARE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lilene Moore Director | Trustee | 24 | $0 |
Henry Galloway Director | Trustee | 24 | $0 |
Devon Gilchrist Director | Trustee | 0 | $0 |
Lucius Luther Director | Trustee | 24 | $0 |
Mastafa Shabazz Chairman | Trustee | 0 | $0 |
Deseria Galloway CEO | Officer | 23.36 | $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 | $317,992 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $317,992 |
| Total Program Service Revenue | $110,831 |
| Investment income | $0 |
| 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 | $429,384 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,642 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,976 |
| Payroll taxes | $12,245 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,622 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,579 |
| Advertising and promotion | $0 |
| Office expenses | $18,966 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,969 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,900 |
| Insurance | $18,567 |
| All other expenses | $9,420 |
| Total functional expenses | $438,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,709 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | -$120 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,273 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $115,862 |
| Accounts payable and accrued expenses | $0 |
| 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 | $42,835 |
| Total liabilities | $42,835 |
| Net assets without donor restrictions | $0 |
| 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 | $73,027 |
| Total liabilities and net assets/fund balances | $115,862 |