Wellsource
- Assets
- $497.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Clear Lake, IA
- Founding
- 08/1963
- Data as of
- 06/2021
- EIN
- 42-0763978
Organization Overview
Wellsource is located in Clear Lake, IA. The organization was established in 1963. According to its NTEE Classification (F32) the organization is classified as: Community Mental Health Centers, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2021, Wellsource employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellsource 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 06/2021, Wellsource generated $904.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (74.6%) each year. All expenses for the organization totaled $3.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (68.5%) per year over the past 6 years. 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
PROVIDE MEDICATION REVIEW, INDIVIDUAL AND GROUP THERAPY, AND DIAGNOSTIC SERVICES TO PATIENTS IN A SIX COUNTY AREA - BUSINESS HAS CLOSED AND IS NOW IN WRAP-UP PHASE OF SELLING BUILDING AND PAYING BILLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie K Barkela Business Manager | 1 | $184 | |
Andrew Eastwood Executive Dir. | 1 | $0 | |
James Hill Chairman | 1 | $0 | |
Penney Morse Director | 1 | $0 | |
Ron Noah Treasurer | 1 | $0 | |
Andrew A Hill Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faspsych Llc Psychiatric Services | 6/29/17 | $186,978 |
Principal Financial Group Retirement Services | 6/29/17 | $103,670 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $176 |
| Membership dues | $0 |
| Investment income | $728 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $904 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $199 |
| Professional fees and other payments to independent contractors | $1,595 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $93 |
| Other expenses | $1,828 |
| Total expenses | $3,715 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $497,884 |
| Other assets | $0 |
| Total assets | $497,884 |
| Total liabilities | $14,992 |
| Net assets or fund balances | $482,892 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wellsource has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Mercy Health Services Iowa Corp Mason City, IA PURPOSE: COMMUNITY SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Central Behavioral Health Systems Inc Lasalle, IL | $10,058,025 | $10,021,938 |
Ecker Center For Mental Health Inc Elgin, IL | $5,095,549 | $10,045,147 |
Hiawatha Valley Mental Health Center Winona, MN | $11,094,821 | $9,931,356 |
North Central Missouri Mental Healt H Center Trenton, MO | $7,648,131 | $8,225,297 |
Blue Valley Behavioral Health Foundation Of Gage County Inc Beatrice, NE | $6,266,682 | $7,910,912 |
Castle Ridge Care Center Roseville, MN | $112,367,866 | $7,023,864 |
Siouxland Mental Health Services Sioux City, IA | $4,758,075 | $8,946,925 |
Comprehensive Behavioral Health Center Of St Clair County Inc East St Louis, IL | $11,431,148 | $7,039,740 |
International Association Of Health Care Central Service Materiel Mgmt Chicago, IL | $12,259,434 | $6,091,127 |
Black Hawk-Grundy Mental Health Center Inc Waterloo, IA | $3,801,399 | $5,862,000 |
Capital Area Counseling Service Inc Pierre, SD | $13,371,204 | $7,285,250 |
Southern Iowa Mental Health Center Ottumwa, IA | $6,726,133 | $6,010,513 |