Wellstone Inc
- Assets
- $27.2m
- Revenue
- $25.9m
- Investments
- $0.0
- Employees
- 529
- Location
- Huntsville, AL
- Founding
- 03/1972
- Data as of
- 09/2021
- EIN
- 63-0579328
Organization Overview
Wellstone Inc is located in Huntsville, AL. The organization was established in 1972. According to its NTEE Classification (F80) the organization is classified as: Mental Health Associations, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 09/2021, Wellstone Inc employed 529 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellstone 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 09/2021, Wellstone Inc generated $25.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $21.0m during the year ending 09/2021. While expenses have increased by 7.7% per year over the past 6 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
MENTAL HEALTH SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTAL HEALTH SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ajmal Khan Psychiatrist | Officer | 40 | $331,137 |
Jeremy Blair CEO | Officer | 40 | $204,950 |
Douglas Adams Psychiatrist | Officer | 40 | $170,540 |
Christopher Van Dyke COO | 40 | $119,387 | |
Jiri Danczik MD Psychiatrist | 40 | $117,512 | |
Sharon Wright Certified Reg Nurse Prac | 40 | $107,518 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,434,030 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,459,687 |
| Total Program Service Revenue | $9,103,099 |
| Investment income | $15,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,439 |
| Net Gain/Loss on Asset Sales | $3,219 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,940,539 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,032,975 |
| Pension plan accruals and contributions | -$46,104 |
| Other employee benefits | $1,336,755 |
| Payroll taxes | $907,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $171,785 |
| Fees for services: Accounting | $20,000 |
| 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 | $281,468 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $350,183 |
| Travel | $208,987 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $177,725 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $524,278 |
| Insurance | $316,677 |
| All other expenses | $3,068,992 |
| Total functional expenses | $20,991,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,640,046 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,729,006 |
| Accounts receivable, net | $2,298,247 |
| 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 | $73,252 |
| Net Land, buildings, and equipment | $13,777,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,711,740 |
| Total assets | $27,230,089 |
| Accounts payable and accrued expenses | $2,736,200 |
| Grants payable | $0 |
| Deferred revenue | $3,000,000 |
| 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 | $2,626,737 |
| Other liabilities | $1,238,183 |
| Total liabilities | $9,601,120 |
| 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 | $17,628,969 |
| Total liabilities and net assets/fund balances | $27,230,089 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Wellstone Inc has recieved totaling $169,850.
| Awarding Organization | Amount |
|---|---|
Alpha Foundation Inc Huntsville, AL PURPOSE: CHARITABLE | $150,000 |
Community Foundation Of Greater Huntsville Huntsville, AL PURPOSE: HEALTH | $10,350 |
Propst Foundation Huntsville, AL PURPOSE: TO PROVIDE TREATMENT FOR INDIVIDUALS WITH MENTAL HEALTH AND SUBSTANCE USE DISORDER CRISES. | $5,000 |
Ashburn Family Foundation Huntsville, AL PURPOSE: COMMUNITY VOLUNTEER SERVICES | $2,500 |
Payne Foundation Huntsville, AL PURPOSE: THE GRANT WILL ASSIST PATIENTS WITH MENTAL HEALTH ANDSUBSTANCE ABUSE DISORDERS. | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellstone Inc Huntsville, AL | $27,230,089 | $25,940,539 |
North Mississippi Commission On Mental Illness & Mental Retardatio Oxford, MS | $4,080,807 | $16,138,031 |
Behavioral Health Management Services Inc Clearwater, FL | $895,768 | $7,520,387 |
Tennessee Voices For Children Goodlettsville, TN | $7,791,891 | $6,497,196 |
Tykes & Teens Inc Palm City, FL | $1,199,267 | $5,459,149 |
Rhea Of Sunshine Inc Dayton, TN | $2,010,279 | $3,199,208 |
Vivian B Adams School Board Ozark, AL | $6,822,830 | $3,940,320 |
Traime Behavioral Health Inc Atlanta, GA | $710,087 | $2,897,961 |
Mental Health Association Of Middle Tennessee Nashville, TN | $3,755,995 | $5,187,775 |
Mental Health Association In Indian River County Inc Vero Beach, FL | $1,497,628 | $2,408,817 |
West Central Florida Mental Wellness Coalition Inc Tampa, FL | $2,957,302 | $883,197 |
Nami Collier County Inc Naples, FL | $740,608 | $1,929,713 |