Restoring The Wells
- Assets
- $222.9k
- Revenue
- $361.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Leesburg, VA
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 47-3659333
Organization Overview
Restoring The Wells is located in Leesburg, VA. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Restoring The Wells employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restoring The Wells 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 12/2021, Restoring The Wells generated $361.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $173.0k during the year ending 12/2021. While expenses have increased by 12.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESTORING THE WELLS IS A FAITH BASED MINISTRY THAT PROVIDES EQUIPPING, ENCOURAGING AND ASSISTING BOTH LEADERSHIP AND THE CONGREGATION OF CHRISTIAN CHURCHES BOTH IN AMERICA AND OTHER COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISITING CHURCHES AND ASSISTING CHURCH LEADERS WITH STRUCTURE AND BIBLICAL FOUNDATION OF THE CHURCH; PREACHING AND MINISTERING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pastor Kenneth N Grenfell President | OfficerTrustee | 40 | $84,341 |
John N Ripley Board Member | Trustee | 1 | $0 |
Stephen R Sudworth Secretary | OfficerTrustee | 1 | $0 |
David Swart Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $361,789 |
| Noncash contributions included in lines 1a–1f | $1,802 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,789 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $361,789 |
| 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. | $101,606 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $30,000 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $2,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,443 |
| 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 | $360 |
| Insurance | $1,988 |
| All other expenses | $982 |
| Total functional expenses | $172,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,448 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $222,890 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $1,301 |
| Total liabilities | $1,301 |
| Net assets without donor restrictions | $0 |
| 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 | $221,589 |
| Total liabilities and net assets/fund balances | $222,890 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Restoring The Wells has recieved totaling $63,000.
| Awarding Organization | Amount |
|---|---|
United Charitable Ashburn, VA PURPOSE: MINISTRY | $63,000 |
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Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
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Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
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Advancing Native Missions Afton, VA | $4,333,922 | $11,124,622 |
National Pro-Life Alliance Springfield, VA | $3,799,169 | $8,934,186 |
Artists In Christian Testimony Brentwood, TN | $4,393,846 | $10,064,345 |