Wellspring Family Services
- Assets
- $19.4m
- Revenue
- $31.3m
- Investments
- $0.0
- Employees
- 178
- Location
- Seattle, WA
- Founding
- 11/1923
- Data as of
- 12/2022
- EIN
- 91-0567261
Organization Overview
Wellspring Family Services is located in Seattle, WA. The organization was established in 1923. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Wellspring Family Services employed 178 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring Family Services 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, Wellspring Family Services generated $31.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $31.2m during the year ending 12/2022. While expenses have increased by 9.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION: TO END THE CYCLE OF FAMILY HOMELESSNESS. OUR VISION: A COMMUNITY IN WHICH EVERY CHILD HAS A SAFE AND STABLE HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WELLSPRING EMPLOYEE ASSISTANCE PROGRAM (EAP) HELPS ORGANIZATIONS HARNESS THE STRENGTH OF THEIR WORKFORCE BY PROVIDING COST-EFFECTIVE, RESPONSIVE SERVICES THAT HELP IMPROVE EMPLOYEE WELLBEING AND PRODUCTIVITY. THE EAP PROVIDES ACCESS TO MENTAL HEALTH COUNSELING, FINANCIAL COUNSELING, LEGAL COUNSELING, CHILD CARE RESOURCES AND MUCH MORE. WE KNOW THAT USE OF THESE SERVICES HELPS EMPLOYEES STAY EMPLOYED AND HOUSED. WELLSPRING MADE EAP SERVICES AVAILABLE TO 240,034 EMPLOYEES OF CLIENT COMPANIES IN 2022.
WELLSPRING PROVIDES WRAP AROUND SERVICES TO SUPPORT CHILDREN AND FAMILIES FACING HOMELESSSNESS. WE DO THIS THROUGH 3 KEY COMMUNITY SERVICE PROGRAMS FOCUSED ON INTERVENTION, PREVENTION, AND STABILITY. -THE WELLSPRING EARLY LEARNING CENTER, WHICH SPECIALIZES IN PRE-K, TRAUMA INFORMED EDUCATION FOR AGES 1 TO 5 YEARS OLD SERVED 45 CHILDREN FROM 36 FAMILIES IN 2022. THE AVERAGE ATTENDANCE BY A STUDENT IN THE ELC PROGRAM IS 15 MONTHS. -WELLSPRING'S FAMILY STORE IS A FREE FAMILY STORE PROVIDING CLOTHING, TOYS, HYGIENE AND BASIC ESSENTIALS SUCH AS DIAPERS. IN 2022 THE BOUTIQUE SERVED 4,301 CHILDREN. -WELLSPRING HOUSING SERVICES SPECIALIZES IN THE INTERVENTION AND PREVENTION OF FAMILY HOMELESSNESS. IN 2022, HOUSING SERVICES PROVIDED SUPPORT AND CASE MANAGEMENT TO 1,432 FAMILIES.
WELLSPRING COUNSELING AND TRAINING SERVICES WORK WITH INDIVIDUALS, COUPLES AND FAMILIES TO NAVIGATE LIFE'S CHALLENGES AND EXPLORE FUTURE POSSIBILITIES. COUNSELING SERVICES WERE PROVIDED TO ADULTS AND CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michaela Kay Board Chair | OfficerTrustee | 2 | $0 |
Stuart Williams Past Board Chair | OfficerTrustee | 2 | $0 |
Mo Malakoutian Treasurer | OfficerTrustee | 2 | $0 |
Kristen Misner-Gutierrez Secretary | OfficerTrustee | 2 | $0 |
Allison Benabente Board Member | Trustee | 2 | $0 |
Arlesia Bailey Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Talkspace Networks Llc Eap Services | 12/30/22 | $617,311 |
Workplace Options Llc Eap Services | 12/30/22 | $582,051 |
Network Technology Services Inc Technology Services | 12/30/22 | $351,175 |
Creative Financial Staffing Staffing Services | 12/30/22 | $190,397 |
Evergreen Technology Inc It Staffing Services | 12/30/22 | $154,345 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,224,392 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,804,386 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,832,482 |
| Noncash contributions included in lines 1a–1f | $1,768,774 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,861,260 |
| Total Program Service Revenue | $19,453,509 |
| Investment income | $2,246 |
| 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 | $31,336,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,581,342 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,018,435 |
| Compensation of current officers, directors, key employees. | $123,318 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,314,577 |
| Pension plan accruals and contributions | $4,182 |
| Other employee benefits | $988,964 |
| Payroll taxes | $774,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225,185 |
| Fees for services: Accounting | $96,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,780,509 |
| Advertising and promotion | $142,580 |
| Office expenses | $691,707 |
| Information technology | $581,422 |
| Royalties | $0 |
| Occupancy | $375,804 |
| Travel | $11,531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,545 |
| Interest | $301,906 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $476,752 |
| Insurance | $136,309 |
| All other expenses | $3,153 |
| Total functional expenses | $31,222,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $746,651 |
| Savings and temporary cash investments | $474,157 |
| Pledges and grants receivable | $1,507,408 |
| Accounts receivable, net | $4,596,679 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $143,580 |
| Prepaid expenses and deferred charges | $123,543 |
| Net Land, buildings, and equipment | $11,841,790 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,433,808 |
| Accounts payable and accrued expenses | $3,271,240 |
| Grants payable | $0 |
| Deferred revenue | $21,390 |
| Tax-exempt bond liabilities | $6,378,893 |
| 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 | $79,354 |
| Total liabilities | $9,750,877 |
| Net assets without donor restrictions | $8,832,030 |
| Net assets with donor restrictions | $850,901 |
| 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 | $19,433,808 |