Springwell Network Inc
- Assets
- $2.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 82
- Location
- Winstonsalem, NC
- Founding
- 01/1976
- Data as of
- 06/2022
- EIN
- 56-1097900
Organization Overview
Springwell Network Inc is located in Winstonsalem, NC. The organization was established in 1976. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, Springwell Network Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springwell Network 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 06/2022, Springwell Network Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY RESIDENTIAL CARE AND TRAINING FOR INDIVIDUALS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT GROUP HOMES - TO PROVIDE RESIDENCE, COUNSELING, GUIDANCE & TRAINING FOR ADULTS WHO HAVE INTELLECTUAL DEVELOPMENT DISABILITIES.
SUPPORTED LIVING - TO SUPPORT & TRAINING FOR RESIDENTS HAVING THE POTENTIAL TO FUNCTION IN A LESS RESTRICTIVE ENVIRONMENT.
TRAINING - TO DEVELOP STAFF SKILLS FOR CARING FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. STAFF ARE TRAINED IN CPR, FIRST AID, OSHA, MEDICATION ADMINISTRATION, DIABETES, SEIZURE, H1N1, DISASTER RELIEF, AND OTHER CORE COMPETENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlene Warren Executive Director | Officer | 40 | $86,411 |
Rick Brown President | OfficerTrustee | 1 | $0 |
Mark Ciofani Director | Trustee | 1 | $0 |
Jannell Rowe Director | Trustee | 1 | $0 |
Jillian Dewalt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $28,944 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,529 |
| Total Program Service Revenue | $1,960,079 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,319 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,990,289 |
| 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. | $99,833 |
| Compensation of current officers, directors, key employees. | $99,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,269,891 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,418 |
| Payroll taxes | $105,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,424 |
| Fees for services: Other | $15,905 |
| Advertising and promotion | $0 |
| Office expenses | $63,856 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $320,138 |
| Travel | -$390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,745 |
| Insurance | $33,644 |
| All other expenses | $7,202 |
| Total functional expenses | $2,236,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323 |
| Savings and temporary cash investments | $881,347 |
| Pledges and grants receivable | $30,003 |
| Accounts receivable, net | $105,286 |
| 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 | $15,389 |
| Net Land, buildings, and equipment | $1,215,842 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $126,288 |
| Total assets | $2,374,478 |
| Accounts payable and accrued expenses | $90,454 |
| 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 | $503,138 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $593,592 |
| Net assets without donor restrictions | $1,750,883 |
| Net assets with donor restrictions | $30,003 |
| 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 | $2,374,478 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Springwell Network Inc has recieved totaling $39,457.
| Awarding Organization | Amount |
|---|---|
United Way Of Forsyth County Inc Winstonsalem, NC PURPOSE: GENERAL SUPPORT | $39,457 |
Endowment Analysis
| Beg. Balance | $143,348 |
| Earnings | -$10,651 |
| Admin Expense | $1,424 |
| Other Expense | $4,985 |
| Ending Balance | $126,288 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inreach Charlotte, NC | $7,913,848 | $23,092,110 |
Childrens Hope Alliance Barium Springs, NC | $38,599,237 | $18,471,668 |
Holston United Methodist Home For Children Inc Greeneville, TN | $27,641,839 | $16,110,226 |
Mur-Ci Homes Inc Antioch, TN | $9,901,370 | $14,568,313 |
Thornwell Clinton, SC | $68,857,237 | $15,147,057 |
Connie Maxwell Childrens Home Greenwood, SC | $133,286,632 | $13,776,005 |
Progress Inc Nashville, TN | $6,116,091 | $11,389,774 |
Comserv Inc Lenoir, NC | $7,960,502 | $13,511,547 |
United Cerebral Palsy Of South Carolina Inc Atlanta, GA | $9,682,843 | $13,275,605 |
Jackson Feild Homes Incorporated Jarratt, VA | $3,320,402 | $10,783,518 |
Umar Services Inc Charlotte, NC | $7,962,133 | $8,938,499 |
Horizons Residential Care Center Inc Rural Hall, NC | $8,329,986 | $8,523,055 |