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.
65¢ of each $1 spent went to programs.
$440K 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

FY2023 · 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
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$440K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.1 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
$7K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-34% vs prior year
Spent
$1.5M
To programs
65%
Net assets
$686K
By yearFY2020–FY2026
Revenue
$1.2M
FY2023▼ -34%
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
$1.5M
FY2023▲ +28%
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
$686K
FY2023▼ -32%
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 FY2023 Form 990 (year ending March 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

65 cents of each dollar spent went to programs.

Program services 65% · $972K Management & general 20% · $295K Fundraising 15% · $230K

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

10 people listed on the 990; $440K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$180,980Pt VII · Sec A
Managing Director
$136,199Pt VII · Sec A
Partnership Director
$122,500Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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.

See The Wellspring Group INC executive salaries →

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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 · $972K · in their own filed words · FY2022
01

Church Coaching

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

$790Kprogram expense
02

Retreat Income

Wellspring held 7 retreats during the 2022 fiscal year.

$182Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$954K
Fees for servicesLn 2g$218K
Other incomeLn 4–11$570
Money outPt IX
$1.5M
Ln 25
Programscol B$972K
Managementcol C$295K
Fundraisingcol D$230K
Owns and owesPt X
$686K
net assets · Ln 32
Cash and savingsLn 1–2$391K
Total assetsLn 16$693K
LiabilitiesLn 26$7K
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$954K
Fees for servicesLn 2g$218K
Investment incomeLn 3$7
Other incomeLn 4–11$570
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$75K
SavingsLn 2$315K
Cash and savings togetherLn 1–2$391K
InvestmentsLn 11–13$298K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$653
Total assetsLn 16$693K
LiabilitiesLn 26$7K
Net assetsLn 32$686K
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 FY23End FY23
Cash and savingsLn 1–2$733K$391K
InvestmentsLn 11–13$283K$298K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.0M$693K
LiabilitiesLn 26$10K$7K
Net assetsLn 32$1.0M$686K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$35K$35K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$307K$134K$63K$110K
Pay of disqualified personsLn 6$83K$83K
Other salaries and wagesLn 7$422K$238K$102K$82K
Other employee benefitsLn 9$57K$32K$25K
Payroll taxesLn 10$59K$33K$12K$14K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$100K$100K$0$0
Advertising and promotionLn 12$22K$17K$6K
Office expensesLn 13$3K$3K
Information technologyLn 14$35K$35K
OccupancyLn 16$16K$16K
TravelLn 17$56K$43K$5K$8K
Conferences, conventions and meetingsLn 19$8K$8K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$268K$258K$11K
All other expensesLn 24e$2K$0$2K$0
Total functional expensesLn 25$1.5M$972K$295K$230K

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 Viewing $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 $950K$1.1M−$117K$330K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,172,181 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,596,577$953,976
I-9 Program service revenuePrior year $189,797$217,628
I-10 Investment incomePrior year $23$7
I-11 Other revenuePrior year $965$570
I-12 Total revenuePrior year $1,787,362$1,172,181
I-13 Grants and similar amounts paidPrior year $65,300$35,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $779,506$927,746
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $323,325$534,420
I-18 Total expensesPrior year $1,168,131$1,497,166
I-19 Revenue less expensesPrior year $619,231−$324,985
Part VI · Governance 7 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
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 $1,172,181 across 6 lines filed
VIII-1f All other contributions, gifts and grants$953,976
VIII-1h Total contributions, gifts and grants$953,976
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $217,628$217,628
VIII-3 Investment incomeExcluded from tax $7$7
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $570$570
VIII-12 Total revenueRelated to mission $217,628 · Unrelated business $0 · Excluded from tax $577$1,172,181
Part IX · Statement of functional expenses $1,497,166 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $35,000$35,000
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $133,562 · Management $63,462 · Fundraising $109,756$306,780
IX-6 Pay of disqualified personsPrograms $82,640$82,640
IX-7 Other salaries and wagesPrograms $238,289 · Management $101,764 · Fundraising $81,937$421,990
IX-9 Other employee benefitsPrograms $31,740 · Management $25,251$56,991
IX-10 Payroll taxesPrograms $33,241 · Management $12,084 · Fundraising $14,020$59,345
IX-11c Accounting feesManagement $8,869$8,869
IX-11g Other fees for servicesPrograms $99,840 · Management $0 · Fundraising $0$99,840
IX-12 Advertising and promotionPrograms $16,820 · Fundraising $5,500$22,320
IX-13 Office expensesManagement $3,078$3,078
IX-14 Information technologyManagement $35,035$35,035
IX-16 OccupancyManagement $16,134$16,134
IX-17 TravelPrograms $42,876 · Management $4,764 · Fundraising $8,379$56,019
IX-19 Conferences, conventions and meetingsManagement $7,757$7,757
IX-23 InsuranceManagement $14,930$14,930
IX-24 Other expenses (24a–d)Programs $257,788 · Fundraising $10,667$268,455
IX-24e All other expensesPrograms $0 · Management $1,983 · Fundraising $0$1,983
IX-25 Total functional expensesPrograms $971,796 · Management $295,111 · Fundraising $230,259$1,497,166
Part X · Balance sheet $692,838 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $83,020$75,441
X-2 Savings and temporary cash investmentsStart of year $650,329$315,319
X-4 Accounts receivableStart of year $3,131$3,131
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $283,294$298,294
X-15 Other assetsStart of year $653$653
X-16 Total assetsStart of year $1,020,427$692,838
X-17 Accounts payable and accrued expensesStart of year $10,406$5,570
X-19 Deferred revenue$1,426
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $10,406$6,996
X-27 Net assets without donor restrictionsStart of year $1,010,021$685,842
X-32 Total net assets or fund balancesStart of year $1,010,021$685,842
X-33 Total liabilities and net assetsStart of year $1,020,427$692,838
Part XI · Reconciliation of net assets $685,842 net assets at year end
XI-1 Total revenue$1,172,181
XI-2 Total expenses$1,497,166
XI-3 Revenue less expenses−$324,985
XI-4 Net assets at start of year$1,010,021
XI-8 Prior period adjustments$806
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$685,842

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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