Wellspring INC EIN 39-1464269

Wellspring INC

EIN  39-1464269 Public charity (501(c)(3)) West Bend, WI
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Size
<$100K
What they do
Teaches organic gardening and healthy eating to transform food systems and build community.
Leadership
Joseph a Mantoan · President
Money in and out
$43K revenue
Bottom line
48.9mo operating runway

Teaches organic gardening and healthy eating to transform food systems and build community. For fiscal year 2023 it reported $43K in revenue, in expenses, and $97K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$43K
Pt VIII · Ln 12
Total expenses
Pt IX · Ln 25
Net assets
$97K
Pt X · Ln 32
Operating runway
48.9mo
months of highly liquid reserves at operating expense rate▲ +301% vs prior filing year
Surplus margin
+45%
revenue over expenses, this year▲ ×12 vs prior filing year
Donor-funded
11%
of revenue is gifts & grants▼ -81% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990-EZ
Revenue
$43K
FY2023▼ -41%
Expenses
FY2023
Total assets
FY2023
Total liabilities
$0
FY2023
Total revenue
$43K
Pt VIII · Ln 12
Total expenses
Pt IX · Ln 25
Net assets
$97K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19
Total assetsPt X · Ln 16
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $18K of program spending, described in the organization's own filed words · FY2021.
01

The garden program serves appox 850 people annually by TRAINING/EDUCATING them in organic gardening, soil enhancement and protection and nutrition. They are also instructed on hearbal remedies, food preparation and preservation all via newsletters, classes, hands on experiences, taste testing, and field trips.

$18Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWellspring INC
EINHdr · item D39-1464269
Principal addressHdr · item CWest Bend, WI
WebsiteHdr · item Jwww.wellspringinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P53Z)
Ruling yearIRS BMFJun 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue100%$43K
Total revenueLn 12$43K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16
Total liabilitiesLn 26$0
Total net assetsLn 32$97K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $97K · Operating expenses/yr $24K
48.9 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $5K · Total revenue $43K
11%
Government reliance
not reported
Earned-income share
Program service revenue $9K · Total revenue $43K
22%
Investment reliance
Investment income $2K · Total revenue $43K
+5%
Program self-sufficiency
Program service revenue $9K · Total expenses $24K
40%
Growth & trend
Revenue growth (YoY)
This year $43K · Prior year $73K
-41%
Net-asset trend (YoY)
End of year $97K · Beginning of year $78K
+25%
Balance sheet
Surplus Margin
Revenue $43K · Expenses $24K
+45%
Liabilities-to-Assets
Total liabilities $0 · Total assets $97K
0%
Net-asset ratio
Net assets $97K · Total assets $97K
100%
People & payroll
Highest Reported Total Compensation
Individual Joseph a Mantoan · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $24K
0%
Personnel share
Salaries & benefits $1K · Total expenses $24K
6%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -41%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$43K revenue · viewing · ⤓ 990 PDF
FY2022not on file
FY2021$73K revenue · ⤓ 990 PDF
FY2020$231K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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