Wellspring Ministries Of Alaska Inc
- Assets
- $5.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 19
- Location
- Anchorage, AK
- Founding
- 01/2001
- Data as of
- 06/2022
- EIN
- 92-0168999
Organization Overview
Wellspring Ministries Of Alaska Inc is located in Anchorage, AK. The organization was established in 2001. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Wellspring Ministries Of Alaska Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring Ministries Of Alaska 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, Wellspring Ministries Of Alaska Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $818.0k 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
MINISTRY OF SPIRITUAL HEALING, PERSONAL SALVATION, TEACHING & ENCOURAGEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING OF THE GOSPEL OF JESUS UNTO SALVATION, AND RECOGNITION OF THOSE THINGS WHICH SEPARATE FROM CHRIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Hadley Director/sr | Trustee | 40 | $72,400 |
Arthur Mathias President/tr | OfficerTrustee | 20 | $50,400 |
Monica Mosier Director/sec | OfficerTrustee | 40 | $43,633 |
Janice Coulter Director | Trustee | 20 | $9,910 |
Patricia Mathias Vice Preside | OfficerTrustee | 5 | $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 | $1,267,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,267,635 |
| Total Program Service Revenue | $86,443 |
| Investment income | $349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $251,439 |
| 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 | $1,605,866 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $63,477 |
| Grants and other assistance to Foreign Orgs/Individuals | $123,191 |
| 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 | $344,236 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,310 |
| Advertising and promotion | $0 |
| Office expenses | $63,834 |
| Information technology | $2,626 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $71,824 |
| Insurance | $14,839 |
| All other expenses | $14,170 |
| Total functional expenses | $817,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,247,188 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,687 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,721 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,333,126 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,427 |
| Other assets | $0 |
| Total assets | $5,636,149 |
| Accounts payable and accrued expenses | $6,118 |
| 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 | $2,157,220 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,163,338 |
| Net assets without donor restrictions | $3,472,811 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,636,149 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wellspring Ministries Of Alaska Inc has recieved totaling $369.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $369 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crista Ministries Shoreline, WA | $133,575,378 | $73,059,150 |
Northwest Harvest E M M Seattle, WA | $90,036,518 | $96,557,942 |
Josephine Caring Community Stanwood, WA | $33,167,845 | $28,609,215 |
Union Gospel Mission Of Yakima Wash Yakima, WA | $12,139,044 | $14,954,134 |
Lynden Christian School Lynden, WA | $25,367,637 | $13,182,296 |
Alaska Christian College Soldotna, AK | $12,266,516 | $4,929,517 |
Black Diamond Camps Auburn, WA | $11,118,087 | $4,787,824 |
Serving Usa Inc Camas, WA | $2,399,183 | $3,743,258 |
Gospel Outreach College Place, WA | $2,908,412 | $3,734,664 |
Interfaith Works Olympia, WA | $6,843,935 | $4,685,238 |
Jubilee Foundation Pasco, WA | $185,597,086 | $13,515,823 |
Love In Action Ketchikan, AK | $166,852 | $2,613,775 |