Wellsprings Family Foundation
- Assets
- $8.9m
- Revenue
- $177.0k
- Investments
- $8.0m
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-2836280
Organization Overview
Wellsprings Family Foundation is located in Santa Fe, NM. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellsprings Family Foundation 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 12/2022, Wellsprings Family Foundation generated $177.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (49.7%) each year. All expenses for the organization totaled $407.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wellsprings Family Foundation has awarded 61 individual grants totaling $1,660,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Douglas President | 3 | $0 | |
Emily Douglas Neal Vice President | 2 | $0 | |
Katherine Douglas Martel Vice President | 2 | $0 | |
David Douglas Secretary/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,767 |
| Dividends & Interest | $169,278 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $177,045 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,137 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,140 |
| Contributions, gifts, grants paid | $400,000 |
| Total expenses and disbursements | $407,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $969,691 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $44,297 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,920,694 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wellsprings Family Foundation has awarded $400,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
FLYING KITES PURPOSE: GENERAL OPERATING FORFLYING KITES | $100,000 |
CRADLES TO CRAYONS PURPOSE: GENERAL SUPPORT | $50,000 |
STARFISH GREATHEARTS FOUNDATION USA PURPOSE: HELP VULNERABLE CHILDRENIN SOUTH AFRICA GAIN ACCESSTO HEALTHCARE | $45,000 |
Santa Fe, NM PURPOSE: EARLY CHILDHOODDEVELOPMENT | $40,000 |
Washington, DC PURPOSE: TO SUPPORT ADVOCATESFOR DEVELOPMENTASSISTANCE PROJECT | $40,000 |
NEIGHBORHOOD VILLAGES PURPOSE: GENERAL SUPPORT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |