Wellspring Ministries Malawi Inc
- Assets
- $1.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, IL
- Founding
- 12/2016
- Data as of
- 12/2018
- EIN
- 47-2829072
Organization Overview
Wellspring Ministries Malawi Inc is located in Lincoln, IL. The organization was established in 2016. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring Ministries Malawi 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 12/2018, Wellspring Ministries Malawi Inc generated $22.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (33.2%) each year. All expenses for the organization totaled $27.8k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (29.6%) per year over the past 4 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
2018
Describe the Organization's Program Activity:
Part 3
AS OF OCTOBER 2017 WELLSPRING IS NO LONGER CONDUCTING MINISTRIES IN AFRICA IN 2018 WE WERE ABLE TO ASSIST THE MISSIONS PROFESSOR AT LINCOLN CHRISTIAN UNIVERSITY WITH SOME TEACHING AND MENTORING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Renfro Executive Director | 55 | $17,366 | |
Rosemary Renfro Financehr Director | 40 | $6,800 | |
Tom Dawson Forwarding Agenttreas | 2 | $0 | |
Chris Stolze Vicechairman | 1 | $0 | |
Becky Stolze Secretary | 2 | $0 | |
Karole Dawson Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,335 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $22,335 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,166 |
| Professional fees and other payments to independent contractors | $999 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $721 |
| Other expenses | $1,940 |
| Total expenses | $27,826 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,005 |
| Other assets | $0 |
| Total assets | $1,005 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,005 |
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