Restoring the Wells FY2020 filing

Tax-deductible

Charles Town, WV501(c)(3)ReligionEIN 47-3659333Revenue $113K in FY2020

On file with the IRSrestoringthewells.org117 Hughs Rd, 25414-5574 · Charles Town, WVTax-exempt since Aug 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Restoring the Wells is a faith based ministry that provides equipping, encouraging and assisting both leadership and the congregation of christian churches both in america and other countries.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$84K 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
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
1 of 2
filings with a surplus
Average surplus $83K a year · 35% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 62% of spending
Concern: pay to officers and key staff is 62% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$113K
Spent
$137K
To programs
91%
Net assets
$33K
By yearFY2020–FY2024
Revenue
$113K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$113K
FY2021$362K
FY2022$184K
FY2023$176K
FY2024$159K
Expenses
$137K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$137K
FY2021$173K
FY2022Not on file
FY2023Not on file
FY2024Not on file
Net assets
$33K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$33K
FY2021$222K
FY2022$189K
FY2023$192K
FY2024$115K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2015.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $124K Management & general 9% · $13K

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

3 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
$84,341Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Pastor Kenneth N Grenfell’s $110K as President is at the 92nd percentile of top reported officer pay among 2133 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Pastor Kenneth N Grenfell$109,941$90,940$90,391$84,341$84,341

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Equips, encourages, and assists Christian church leaders and congregations worldwide.

Questions for Restoring the Wells

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Provided by the organization

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1 program · $124K · in their own filed words · FY2020
01

Visiting churches and assisting church leaders with structure and biblical foundation of the church; preaching and ministering.

$124Kprogram expense

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 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$113K
Ln 12
Gifts and grantsLn 1h$113K
Money outPt IX
$137K
Ln 25
Programscol B$124K
Managementcol C$13K
Owns and owesPt X
$33K
net assets · Ln 32
Cash and savingsLn 1–2$34K
Total assetsLn 16$34K
LiabilitiesLn 26$2K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$113K
Total revenueLn 12$113K
Assets in detailPt X, end of year
CashLn 1$34K
Cash and savings togetherLn 1–2$34K
Total assetsLn 16$34K
LiabilitiesLn 26$2K
Net assetsLn 32$33K
OperationsPt I, VI
EmployeesI 52
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 FY20End FY20
Cash and savingsLn 1–2$57K$34K
Total assetsLn 16$59K$34K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$57K$33K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$92K$92K
Pay of disqualified personsLn 6$30K$24K$6K
Payroll taxesLn 10$2K$2K$459
Legal feesLn 11b$483$483
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$370$365$5
TravelLn 17$4K$4K
Depreciation, depletion and amortizationLn 22$1K$1K$33
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$1K$748$527
All other expensesLn 24e$75$37$38
Total functional expensesLn 25$137K$124K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $159K$115K 990 PDF
FY2023 $176K$192K 990 PDF
FY2022 $184K$189K 990 PDF
FY2021 $362K$173K$189K$222K 990 PDF
FY2020 Viewing $113K$137K−$24K$33K 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 $113,082 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,856$113,082
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $50,856$113,082
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $125,054$124,649
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $38,563$12,217
I-18 Total expensesPrior year $163,617$136,866
I-19 Revenue less expensesPrior year −$112,761−$23,784
Part VI · Governance 2 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
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 $113,082 across 3 lines filed
VIII-1f All other contributions, gifts and grants$113,082
VIII-1h Total contributions, gifts and grants$113,082
VIII-12 Total revenue$113,082
Part IX · Statement of functional expenses $136,866 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $92,354$92,354
IX-6 Pay of disqualified personsPrograms $24,000 · Management $6,000$30,000
IX-10 Payroll taxesPrograms $1,836 · Management $459$2,295
IX-11b Legal feesManagement $483$483
IX-11c Accounting feesManagement $1,560$1,560
IX-11g Other fees for servicesManagement $1,103$1,103
IX-13 Office expensesPrograms $365 · Management $5$370
IX-17 TravelPrograms $3,580$3,580
IX-22 Depreciation, depletion and amortizationPrograms $1,374 · Management $33$1,407
IX-23 InsuranceManagement $2,364$2,364
IX-24 Other expenses (24a–d)Programs $748 · Management $527$1,275
IX-24e All other expensesPrograms $37 · Management $38$75
IX-25 Total functional expensesPrograms $124,294 · Management $12,572 · Fundraising $0$136,866
Part X · Balance sheet $34,416 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $57,210$34,416
X-16 Total assetsStart of year $58,617$34,416
X-25 Other liabilitiesStart of year $2,076$1,659
X-26 Total liabilitiesStart of year $2,076$1,659
X-32 Total net assets or fund balancesStart of year $56,541$32,757
X-33 Total liabilities and net assetsStart of year $58,617$34,416
Part XI · Reconciliation of net assets $32,757 net assets at year end
XI-1 Total revenue$113,082
XI-2 Total expenses$136,866
XI-3 Revenue less expenses−$23,784
XI-4 Net assets at start of year$56,541
XI-10 Net assets at end of year$32,757

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

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