Wellspring Life Resources Inc
- Assets
- $43.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 04/2000
- Data as of
- 12/2023
- 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 12/2023, Wellspring Life Resources Inc generated $83.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $92.5k during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 5 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
2023
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 | $23,746 | |
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 | $60,961 |
| Total Program Service Revenue | $17,106 |
| Membership dues | $0 |
| Investment income | $3,142 |
| Gain or Loss | $1,950 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $83,222 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $71,283 |
| Professional fees and other payments to independent contractors | $1,255 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,915 |
| Total expenses | $92,453 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,475 |
| Other assets | $0 |
| Total assets | $43,623 |
| Total liabilities | $0 |
| Net assets or fund balances | $43,623 |