Well Coffeehouse
- Assets
- $3.4m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 147
- Location
- Nashville, TN
- Founding
- 12/2012
- Data as of
- 09/2023
- EIN
- 45-4036301
Organization Overview
Well Coffeehouse is located in Nashville, TN. The organization was established in 2012. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Well Coffeehouse employed 147 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Well Coffeehouse 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 09/2023, Well Coffeehouse generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $3.8m during the year ending 09/2023. While expenses have increased by 23.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT OUR PURPOSE TO LOVE COFFEE AND LOVE PEOPLE EVEN MORE, THE WELL COFFEEHOUSE CHANGES LIVES LOCALLY AND GLOBALLY THROUGH THE COFFEE IT SERVES AND THE COMMUNITY IT CREATES LOCALLY AND THE PROFIT IT DONATES TO BRING CLEAN WATER GLOBALLY & PRIORITIZING NEEDS IN COFFEE
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT THE WELL COFFEEHOUSE, WE ARE TURNING COFFEE INTO WATER, AND WE ARE DRIVEN BY OUR PURPOSE TO LOVE COFFEE AND LOVE PEOPLE EVEN MORE. OUR JOURNEY BEGAN IN NASHVILLE IN 2012 TO BUILD COMMUNITY LOCALLY AT OUR COFFEEHOUSES AND TO MAKE AN IMPACT GLOBALLY WITH OUR PROFITS BY BUILDING WATER WELLS, AND PRIORITIZING SAFE WATER NEEDS IN THE COUNTRIES FROM WHICH WE SOURCE THE WORLD'S BEST COFFEE. WE LOVE FULL CIRCLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lenda Outgoing CEO | Officer | 40 | $108,064 |
Chris Soper Cbo | OfficerTrustee | 40 | $67,403 |
Mark Barns Incoming CEO | OfficerTrustee | 40 | $0 |
Pat Bennett Chair | OfficerTrustee | 2 | $0 |
Shane Bowen Board Member | Trustee | 1 | $0 |
Larry Burkhart Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,214 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,079 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,293 |
| Total Program Service Revenue | $0 |
| Investment income | $866 |
| 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 | $3,812,997 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,847,156 |
| 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. | $175,467 |
| Compensation of current officers, directors, key employees. | $2,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,646,726 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $88,356 |
| Payroll taxes | $205,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,969 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42,363 |
| Office expenses | $160,826 |
| Information technology | $26,295 |
| Royalties | $0 |
| Occupancy | $672,830 |
| Travel | $29,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,157 |
| Insurance | $27,087 |
| All other expenses | $123,558 |
| Total functional expenses | $3,842,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,725 |
| Savings and temporary cash investments | $33,083 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,224 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $253,367 |
| Prepaid expenses and deferred charges | $5,884 |
| Net Land, buildings, and equipment | $881,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,066,421 |
| Total assets | $3,440,578 |
| Accounts payable and accrued expenses | $209,151 |
| Grants payable | $0 |
| Deferred revenue | $26,741 |
| 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 | $62,095 |
| Other liabilities | $2,108,671 |
| Total liabilities | $2,406,658 |
| Net assets without donor restrictions | $1,033,920 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,440,578 |
Grants Awarded
Over the last fiscal year, Well Coffeehouse has awarded $60,170 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTIAN RELIEF FUND PURPOSE: Clean water wells | $10,000 |
LIPSCOMB UNIVERSITY PURPOSE: Mission work-well/tuition assitance | $20,085 |
CHRISTIAN RELIEF FUND PURPOSE: Clean water wells | $10,000 |
LIPSCOMB UNIVERSITY PURPOSE: Mission work-well/tuition assitance | $20,085 |