Wellspring Counseling INC

Tax-deductible

Palmetto Bay, FL501(c)(3)Mental HealthEIN 27-0979279

Wellspring counseling, INC is a faith-based, non-profit organization that provides outreach programs for mental health services and education in a professional, christian and holistic way in order to bring about transforming change in individuals, communities and for generations to come.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 5 volunteers and 42 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $25K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 5% of spending
Top officer’s pay lower than 82% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $80K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$185K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+7% vs prior year
Spent
$1.7M
To programs
83%
Net assets
$350K
By yearFY2020–FY2024
Revenue
$1.6M
FY2024▲ +7%
Revenue by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.5M
FY2023$1.5M
FY2024$1.6M
Expenses
$1.7M
FY2024▲ +6%
Expenses by fiscal year
FY2020$1.1M
FY2021$1.5M
FY2022$1.4M
FY2023$1.6M
FY2024$1.7M
Net assets
$350K
FY2024▼ -15%
Net assets by fiscal year
FY2020$413K
FY2021$474K
FY2022$488K
FY2023$412K
FY2024$350K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2010.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $1.4M Management & general 14% · $225K Fundraising 3% · $54K

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

Who runs it and what they're paid

10 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Secretary
$88,310Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A

Tova Kreps’s $88K as President/Secretary is at the 18th percentile of top reported officer pay among 1683 $1–10M mental health 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tova Kreps$88,310$81,982$76,920$63,969$68,854
Leigh Byers———$68,227$68,552

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

Offers faith-based mental health services and education for transforming individuals and communities.

Provided by the organization

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2 program services account for $1.4M of program spending, described in the organization's own filed words · FY2024.
01

Counseling Program

Wellspring provides counseling sessions to the greater miami community and beyond using its staff of licensed therapists, registered therapists and masters level interns. The counseling sessions treat a wide range of issues such as anxiety, trauma, grief and loss, depression, marital and family difficulties, addiction and other areas of…

$1.3Mprogram expense
02

Education and Outreach Programs

Wellspring partners with churches and other nonprofit organizations to provide mental health education in miami-dade county. In the pandemic, these events were no longer taking place after state and local restrictions for in-person gatherings.

$41Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$80K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.3M
Gifts and grantsLn 1h$315K
Investment incomeLn 3$13K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.4M
Managementcol C$225K
Fundraisingcol D$54K
Owns and owesPt X
$350K
net assets · Ln 32
Cash and savingsLn 1–2$363K
Total assetsLn 16$534K
LiabilitiesLn 26$185K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$315K
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$13K
Other incomeLn 4–11$5K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$73K
SavingsLn 2$290K
Cash and savings togetherLn 1–2$363K
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$73K
Total assetsLn 16$534K
LiabilitiesLn 26$185K
Net assetsLn 32$350K
OperationsPt I, VI
EmployeesI 542
VolunteersI 65
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$465K$363K
Land, buildings, equipmentLn 10c$12K$6K
Total assetsLn 16$637K$534K
LiabilitiesLn 26$225K$185K
Net assetsLn 32$412K$350K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$88K$79K$6K$3K
Other salaries and wagesLn 7$1.2M$1.1M$86K$39K
Other employee benefitsLn 9$2K$30$2K
Management feesLn 11a$19K$70$19K
Advertising and promotionLn 12$70K$229$69K
Office expensesLn 13$59K$40K$14K$6K
OccupancyLn 16$92K$75K$16K$1K
TravelLn 17$8K$8K$115
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$9K$6K$3K
Other expenses (24a–d)Ln 24$83K$75K$4K$5K
Total functional expensesLn 25$1.7M$1.4M$225K$54K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.6M$1.7M−$62K$350K 990 PDF
FY2023 $1.5M$1.6M−$70K$412K 990 PDF
FY2022 $1.5M$1.4M$49K$488K 990 PDF
FY2021 $1.5M$1.5M$61K$474K 990 PDF
FY2020 $1.3M$1.1M$149K$413K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,598,930 across 6 lines filed
VIII-1f All other contributions, gifts and grants$314,630
VIII-1h Total contributions, gifts and grants$314,630
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,265,987$1,265,987
VIII-3 Investment incomeExcluded from tax $13,384$13,384
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,929$4,929
VIII-12 Total revenueRelated to mission $1,270,916 · Unrelated business $0 · Excluded from tax $13,384$1,598,930
Part IX · Statement of functional expenses $1,661,127 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $79,479 · Management $6,182 · Fundraising $2,649$88,310
IX-7 Other salaries and wagesPrograms $1,099,594 · Management $86,321 · Fundraising $39,022$1,224,937
IX-9 Other employee benefitsPrograms $30 · Management $2,207$2,237
IX-11a Management feesPrograms $70 · Management $18,564$18,634
IX-12 Advertising and promotionPrograms $229 · Management $69,358$69,587
IX-13 Office expensesPrograms $39,578 · Management $13,616 · Fundraising $5,849$59,043
IX-16 OccupancyPrograms $75,392 · Management $15,509 · Fundraising $1,252$92,153
IX-17 TravelPrograms $7,529 · Management $115$7,644
IX-22 Depreciation, depletion and amortizationManagement $6,628$6,628
IX-23 InsurancePrograms $6,204 · Management $2,633$8,837
IX-24 Other expenses (24a–d)Programs $74,590 · Management $3,622 · Fundraising $4,905$83,117
IX-25 Total functional expensesPrograms $1,382,695 · Management $224,755 · Fundraising $53,677$1,661,127
Part X · Balance sheet $534,311 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $84,519$72,767
X-2 Savings and temporary cash investmentsStart of year $380,171$290,112
X-4 Accounts receivableStart of year $27,441$70,770
X-9 Prepaid expenses and deferred chargesStart of year $12,157$22,391
X-10c Land, buildings and equipment, netStart of year $12,134$5,506
X-15 Other assetsStart of year $120,285$72,765
X-16 Total assetsStart of year $636,707$534,311
X-17 Accounts payable and accrued expensesStart of year $55,229$61,813
X-19 Deferred revenueStart of year $41,757$39,400
X-25 Other liabilitiesStart of year $127,805$83,379
X-26 Total liabilitiesStart of year $224,791$184,592
X-27 Net assets without donor restrictionsStart of year $411,916$349,719
X-32 Total net assets or fund balancesStart of year $411,916$349,719
X-33 Total liabilities and net assetsStart of year $636,707$534,311
Part XI · Reconciliation of net assets $349,719 net assets at year end
XI-1 Total revenue$1,598,930
XI-2 Total expenses$1,661,127
XI-3 Revenue less expenses−$62,197
XI-4 Net assets at start of year$411,916
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$349,719

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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