The Wellspring Group INC FY2020 filing

Tax-deductible

Newville, AL501(c)(3)Since 2003ReligionEIN 20-0245876Revenue $950K in FY2020

On file with the IRSwellspringgroup.org6721 County Road 99, 36353-8143 · Newville, ALTax-exempt since May 2004Publicly supported charity — 170(b)(1)(A)(vi)

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Wellspring provides a discipleship model for individuals and churches to engage as a part of their overall spiritual development. This is done through retreat and small Group experiences and through equipping churches and organizations to implement the discipleship process.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$400K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 7
filings with a surplus
Average deficit $17K a year · 1% of revenue · last 7 filings
Concern: a surplus in 3 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$400K
to officers and key staff · 38% of spending
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$950K
Spent
$1.1M
To programs
80%
Net assets
$330K
By yearFY2020–FY2026
Revenue
$950K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$950K
FY2021$1.0M
FY2022$1.8M
FY2023$1.2M
FY2024$1.8M
FY2025$1.9M
FY2026$1.4M
Expenses
$1.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$956K
FY2022$1.2M
FY2023$1.5M
FY2024$1.7M
FY2025$2.2M
FY2026$1.5M
Net assets
$330K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$330K
FY2021$391K
FY2022$1.0M
FY2023$686K
FY2024$772K
FY2025$320K
FY2026$233K

From the FY2020 Form 990 (year ending March 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in May 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $851K Management & general 18% · $193K Fundraising 2% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $400K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$173,269Pt VII · Sec A
Managing Director
$136,533Pt VII · Sec A
Operations Director
$90,520Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Larry Bolden’s $163K as Founder is at the 81st percentile of top reported officer pay among 1636 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2026FY2025FY2024FY2023FY2022FY2021
Larry Bolden$162,700$162,720$174,980$180,980$173,480$162,980
Abby Mandella$153,160$148,740$153,280$136,199$103,600$93,800
Tim Bennett——————
J Thomas Mullis——$123,160$122,500——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Guides people to live better lives through Christ with counseling and ministry.

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Provided by the organization

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2 programs · $851K · in their own filed words · FY2019
01

Church Coaching

Wellspring provides teaching, coaching, and materials, as well as consulting with church and business leaders.

$657Kprogram expense
02

Retreat Income

Wellspring held 9 retreats during the year.

$194Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$50K
Grants paid · 10 grants · $335K · 2021–2025
Kardia Taylor's Donor Advised FundAL · FY2025$50,000
New City Church Atlanta INCGA · FY2025$25,000
Biblica INCCO · FY2024$50,000
New City Church Atlanta INCGA · FY2024$25,000
New City Church Atlanta INCGA · FY2022$25,000
Christian Activities INCMS · FY2021$15,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$950K
Ln 12
Gifts and grantsLn 1h$707K
Fees for servicesLn 2g$243K
Other incomeLn 4–11$202
Money outPt IX
$1.1M
Ln 25
Programscol B$851K
Managementcol C$193K
Fundraisingcol D$22K
Owns and owesPt X
$330K
net assets · Ln 32
Cash and savingsLn 1–2$337K
Total assetsLn 16$340K
LiabilitiesLn 26$10K
PeoplePt VI, VII
8
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$707K
Noncash giftsLn 1g$16K
Fees for servicesLn 2g$243K
Investment incomeLn 3$105
Other incomeLn 4–11$202
Total revenueLn 12$950K
Assets in detailPt X, end of year
CashLn 1$176K
SavingsLn 2$161K
Cash and savings togetherLn 1–2$337K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$1K
Total assetsLn 16$340K
LiabilitiesLn 26$10K
Net assetsLn 32$330K
OperationsPt I, VI
EmployeesI 513
VolunteersI 680
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$488K$337K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$491K$340K
LiabilitiesLn 26$44K$10K
Net assetsLn 32$447K$330K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$383K$333K$41K$9K
Pay of disqualified personsLn 6$38K$30K$8K
Other salaries and wagesLn 7$190K$168K$17K$5K
Other employee benefitsLn 9$16K$16K
Payroll taxesLn 10$47K$41K$5K$1K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$75K$75K
Office expensesLn 13$20K$14K$5K
Information technologyLn 14$38K$38K
TravelLn 17$37K$37K
Conferences, conventions and meetingsLn 19$6K$6K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$206K$203K$2K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$1.1M$851K$193K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $1.4M$1.5M−$103K$233K 990 PDF
FY2025 $1.9M$2.2M−$338K$320K 990 PDF
FY2024 $1.8M$1.7M$86K$772K 990 PDF
FY2023 $1.2M$1.5M−$325K$686K 990 PDF
FY2022 $1.8M$1.2M$619K$1.0M 990 PDF
FY2021 $1.0M$956K$60K$391K 990 PDF
FY2020 Viewing $950K$1.1M−$117K$330K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $949,887 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $119,188$706,560
I-9 Program service revenuePrior year $124,762$243,020
I-10 Investment incomePrior year $0$105
I-11 Other revenuePrior year $65$202
I-12 Total revenuePrior year $244,015$949,887
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $197,394$673,474
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $144,796$393,175
I-18 Total expensesPrior year $342,190$1,066,649
I-19 Revenue less expensesPrior year −$98,175−$116,762
Part VI · Governance 5 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $949,887 across 6 lines filed
Lines not itemized here account for $202 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$706,560
VIII-1g Noncash contributions (included above)$16,162
VIII-1h Total contributions, gifts and grants$706,560
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $243,020$243,020
VIII-3 Investment incomeExcluded from tax $105$105
VIII-12 Total revenueRelated to mission $243,020 · Unrelated business $0 · Excluded from tax $307$949,887
Part IX · Statement of functional expenses $1,066,649 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $333,171 · Management $41,168 · Fundraising $8,616$382,955
IX-6 Pay of disqualified personsPrograms $30,400 · Management $7,600$38,000
IX-7 Other salaries and wagesPrograms $167,859 · Management $16,898 · Fundraising $5,128$189,885
IX-9 Other employee benefitsManagement $15,819$15,819
IX-10 Payroll taxesPrograms $40,729 · Management $5,033 · Fundraising $1,053$46,815
IX-11c Accounting feesManagement $4,415$4,415
IX-11g Other fees for servicesPrograms $75,163$75,163
IX-13 Office expensesManagement $14,400 · Fundraising $5,362$19,762
IX-14 Information technologyManagement $38,206$38,206
IX-17 TravelManagement $37,017$37,017
IX-19 Conferences, conventions and meetingsManagement $5,898$5,898
IX-23 InsuranceManagement $4,357$4,357
IX-24 Other expenses (24a–d)Programs $203,477 · Fundraising $2,293$205,770
IX-24e All other expensesManagement $2,587$2,587
IX-25 Total functional expensesPrograms $850,799 · Management $193,398 · Fundraising $22,452$1,066,649
Part X · Balance sheet $340,249 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $248,053$176,198
X-2 Savings and temporary cash investmentsStart of year $239,568$160,507
X-4 Accounts receivableStart of year $2,366$2,366
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $1,178$1,178
X-16 Total assetsStart of year $491,165$340,249
X-17 Accounts payable and accrued expensesStart of year $43,977$8,673
X-19 Deferred revenue$1,150
X-26 Total liabilitiesStart of year $43,977$9,823
X-27 Net assets without donor restrictionsStart of year $292,188$250,137
X-28 Net assets with donor restrictionsStart of year $155,000$80,289
X-32 Total net assets or fund balancesStart of year $447,188$330,426
X-33 Total liabilities and net assetsStart of year $491,165$340,249
Part XI · Reconciliation of net assets $330,426 net assets at year end
XI-1 Total revenue$949,887
XI-2 Total expenses$1,066,649
XI-3 Revenue less expenses−$116,762
XI-4 Net assets at start of year$447,188
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$330,426

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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