Wellspring Community
- Assets
- $2.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 98
- Location
- Castle Rock, CO
- Founding
- 01/2010
- Data as of
- 12/2023
- EIN
- 77-0716253
Organization Overview
Wellspring Community is located in Castle Rock, CO. The organization was established in 2010. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Wellspring Community employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring Community 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 12/2023, Wellspring Community generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 21.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO CREATE A COMMUNITY WHERE ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES ARE EMPOWERED TO LIVE FULL, PRODUCTIVE AND SATISFYING LIVES IN A GOD-CENTERED ENVIRONMENT. WE CARRY OUT OUR MISSION THROUGH OUR ROBUST DAY PROGRAM, MEANINGFUL WORK OPPORTUNITIES, AND INNOVATIVE RESIDENTIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WELLSPRING OFFERS A DAY PROGRAM FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. OUR DAY PROGRAM PARTNERS WITH 120 ADULTS WITH I/DD EACH WEEK. THIS PROGRAMMING PROVIDES THESE ADULTS THE OPPORTUNITY TO ENGAGE WITH PEERS AND THE BROADER COMMUNITY THROUGH ENRICHMENT ACTIVITIES IN PERFORMING ARTS, HEALTH AND FITNESS, LIFE AND LEADERSHIP SKILLS, AND MANY OTHER EDUCATIONAL OPPORTUNITIES. PARTICIPANTS IN OUR PROGRAM SEE INCREASED CONFIDENCE, GROWTH IN COMMUNICATION SKILLS AND OVERALL BETTER BEHAVIOR MANAGEMENT AS THEY INTERACT WITH PEERS, VOLUNTEERS AND COMMUNITY MEMBERS REGULARLY. FAMILIES SEE INCREASED INDEPENDENCE AND A GREATER SENSE OF OVERALL WELLBEING WHEN THEIR LOVED ONES PARTICIPATE IN WELLSPRING'S PROGRAM.
WELLSPRING BELIEVES THAT MEANINGFUL WORK SHOULD BE A PART OF THE LIFE OF AN ADULT WITH I/DD. OUR WORK OPPORTUNITIES PROGRAM PROVIDES THE OPPORTUNITY FOR OVER 80 ADULTS WITH I/DD TO WORK AND EARN MONEY. THE WELLSPRING & CO. BAKERY AND ART STUDIO TEACH JOB SKILLS RELATED TO BAKING AND CERAMICS. THE CASTLE ROCK COLLECTIVE EMPLOYS 38 OF OUR PARTICIPANTS WHO WORK EACH WEEK IN A COFFEE SHOP THAT SERVES THE PUBLIC IN DOWNTOWN CASTLE ROCK, COLORADO. PARTICIPANTS IN THESE WORK OPPORTUNITIES SHOW GROWTH IN INDEPENDENCE AND CONFIDENCE AS WELL AS EXPERIENCING THE PRIDE OF A JOB WELL DONE AND EARNING A PAYCHECK OR DIVIDEND CHECK.
THE WELLSPRING VIRTUAL PROGRAM OFFERS THE WARMTH, VALUES, AND EXPERTISE OF OUR IN-PERSON PROGRAM COMBINED WITH THE ACCESSIBILITY AND FLEXIBILITY OF AN ONLINE EXPERIENCE. THE CLASSES THEY TEACH FALL INTO ONE OF OUR FIVE MAJOR SUBJECTS: LEARNING & ENRICHMENT, ARTS & PERFORMANCES, HEALTH & FITNESS, LIFE & LEADERSHIP SKILLS, AND SOCIAL RESPONSIBILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Statter Chairman | OfficerTrustee | 3 | $0 |
Paul Newland Vice Chairma | OfficerTrustee | 1 | $0 |
Scott Bain Secretary | OfficerTrustee | 1 | $0 |
Aaron Ellsworth Treasurer | OfficerTrustee | 1 | $0 |
John Dalley Director | Trustee | 0.25 | $0 |
Jeff Mark Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $245,781 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,094,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,340,302 |
| Total Program Service Revenue | $1,742,379 |
| Investment income | $28,634 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,797 |
| Net Income from Fundraising Events | -$26,107 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,101,005 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,070 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,120 |
| Compensation of current officers, directors, key employees. | $32,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,734,413 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $173,240 |
| Payroll taxes | $154,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,634 |
| Advertising and promotion | $57,507 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,876 |
| Travel | $0 |
| 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 | $77,822 |
| Insurance | $43,118 |
| All other expenses | $6,692 |
| Total functional expenses | $3,043,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,358 |
| Savings and temporary cash investments | $18,438 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $258,255 |
| 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 | $4,500 |
| Net Land, buildings, and equipment | $735,648 |
| Investments—publicly traded securities | $622,941 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,684 |
| Total assets | $2,168,824 |
| Accounts payable and accrued expenses | $27,962 |
| 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 | $160,312 |
| Total liabilities | $188,274 |
| Net assets without donor restrictions | $1,861,231 |
| Net assets with donor restrictions | $119,319 |
| 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 | $2,168,824 |