Wellspring
- Assets
- $1.2m
- Revenue
- $771.2k
- Investments
- $0.0
- Employees
- 25
- Location
- Detroit, MI
- Founding
- 08/1992
- Data as of
- 12/2023
- EIN
- 38-3043083
Organization Overview
Wellspring is located in Detroit, MI. The organization was established in 1992. According to its NTEE Classification (I21) the organization is classified as: Youth Violence Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Wellspring employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring 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 12/2023, Wellspring generated $771.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $561.6k during the year ending 12/2023. While expenses have increased by 9.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SIGNIFICANT ACTIVITIES INCLUDING KUMON MATH & READING, COLLEGE PREPARATION,FIELD TRIPS, OUTDOOR RECREATION SUCH AS CAMPING & KAYAKING, LEADERSHIP DEVELOPMENT, SUMMER EMPLOYMENT AND CHRISTIAN DISCIPLESHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST ACCOMPLISHMENT WELLSPRING'S ACADEMIC & YOUTH DEVELOPMENT PROGRAM WAS PROVIDED TO 277 YOUTH.182 OF THESE YOUTH PARTICIPATED IN THE KUMON MATH AND READING CURRICULUM AS WELL AS OTHER YOUH DEVELOPMENT ACTIVITIES. THERE WERE 37 YOUTH IN A 6 WEEK SUMMER READING PROGRAM. THERE WERE 95 YOUTH WHO PARTICIPATED IN NON KUMON DEVELOPMENT ACTIVITIES.FOR THOSE YOUTH PARTICIPATING IN THE KUMON CURICULUM, A TOTAL OF 190.5 GRADE LEVEL INCREASES WERE PRODUCED. THHE AVERAGE STUDENT ADVANCED 1.5 GRADE LEVELS IN MATH OR READING/ LANGUAGE ART SKILLS OVER A 12- MONTH PERIOD. A KUMON GRADE LEVEL IS APPROXIMATELY EQUVALENT TO A GRADE LEVEL IN PUBLIC SCHOOL.38 STUDENT TOOK PART IN COLLEGE PREP AND/OR CAREER SUPPORT.THERE WERE 11 FIELD TRIPS AND SPECIAL ACTIVITIES. THE NON KUMON ACTIVITIES INCLUDED A TEEN LEADERSHIP COUNCIL, TEEN PHOLANTHROPY, ADVENTUR BASED LEADERSHIP,DEVELOPMENT, COLLEGE AND CAREER READINESS AND SUPPORT, FIELD TRIPS FOR YOUTH AND TEENS AND COMMUNITY SERVICES. CHRISTIAN PROGRAMING WAS ALSO PROVIDED TO INTERESTED YOUTH AND CONSISTED PRIMARILY OF OUR TEEN BIBLE TUDY.
MISCELLANEOUS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel T Bandrowski Co Director/ | OfficerTrustee | 35 | $56,000 |
Shuna Hayward Director | Trustee | 0 | $0 |
Meridith Love Director | Trustee | $0 | |
Kourtney Neloms Director | Trustee | $0 | |
Quan Neloms Director | Trustee | 0 | $0 |
Mishael Raiford Chairman | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $103,905 |
| All other contributions, gifts, grants, and similar amounts not included above | $607,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $711,745 |
| Total Program Service Revenue | $30,985 |
| Investment income | $11,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,772 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,858 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $771,234 |
| 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 | $333,586 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,269 |
| Payroll taxes | $26,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,150 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,859 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,440 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,689 |
| Insurance | $7,966 |
| All other expenses | $20,654 |
| Total functional expenses | $561,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $555,253 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,377 |
| Accounts receivable, net | $1,890 |
| 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 | $677,648 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,377 |
| Total assets | $1,245,545 |
| Accounts payable and accrued expenses | $10,315 |
| 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 | $10,271 |
| Other liabilities | $0 |
| Total liabilities | $20,586 |
| Net assets without donor restrictions | $890,139 |
| Net assets with donor restrictions | $334,820 |
| 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 | $1,245,545 |