Wellspring Life Resources Inc
- Assets
- $54.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 04/2000
- Data as of
- 12/2021
- EIN
- 41-1955553
Organization Overview
Wellspring Life Resources Inc is located in Plymouth, MN. The organization was established in 2000. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring Life Resources 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 12/2021, Wellspring Life Resources Inc generated $85.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $91.8k during the year ending 12/2021. While expenses have increased by 4.0% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
HELP CHURCHES AND INDIVDUALS WITH BIBLICAL INSTRUCTION LARGE AND SMALL GROUP RETREATS, CLASSES AND SMALL GROUPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Warne Pres | 40 | $0 | |
Jeff Vest Sec | 2 | $0 | |
Thomas Parris Treas | 2 | $0 | |
Gerri Warne Vice Pres. | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,650 |
| Total Program Service Revenue | $26,783 |
| Membership dues | $0 |
| Investment income | $1,716 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,000 |
| Total Revenue | $85,122 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $72,102 |
| Professional fees and other payments to independent contractors | $1,045 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $38 |
| Other expenses | $18,649 |
| Total expenses | $91,834 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $52,144 |
| Other assets | $0 |
| Total assets | $54,357 |
| Total liabilities | $0 |
| Net assets or fund balances | $54,357 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wellspring Life Resources Inc has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
The Lampstand Foundation Escondido, CA PURPOSE: CHRISTIAN MINISTRY | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Salvation Poem Foundation Sparta, WI | $3,136,023 | $4,409,624 |
Minn-Iowa Christian Broadcasting Inc Mankato, MN | $3,549,582 | $1,750,381 |
Christian Heritage Broadcasting Inc Osakis, MN | $3,031,849 | $1,841,551 |
Minnesota Christian Broadcasters Inc Pequot Lakes, MN | $2,085,212 | $1,109,834 |
Great Commission Media Ministries - Usa Saint Paul, MN | $175,593 | $878,017 |
Lakeshore Communications Inc De Pere, WI | $849,224 | $666,318 |
Patternsofevidencefoundation Eden Prairie, MN | $194,892 | $605,435 |
Pastors Study Minneapolis, MN | $630,324 | $857,100 |
Creation Moments Inc Foley, MN | $398,463 | $346,258 |
T L C Broadcasting Corporation Mason City, IA | $562,902 | $267,903 |
Well Read Mom Ironton, MN | $167,698 | $334,511 |
Western Wisconsins Inspirational Broadcaster Inc Chippewa Falls, WI | $8,068 | $0 |