Wellspring Foundation FY2022 filing

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EIN 83-6790857 Private foundation / grantmaker Edmond, OK NTEE T20
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Revenue & expenses by yearFY2020–FY2025
Revenue
$17K
FY2022▼ -74%
Expenses
$20K
FY2022▼ -49%

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


A private foundation based in Edmond, OK. For fiscal year 2022 it reported $17K in revenue, $20K in expenses, and $21K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Edmond, OK
Filings
6 on file (2020–2022)
Revenue
$17KFY2022
Expenses
$20K
Net assets
$21K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Provided by the organization

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Size
<$100K
What they do
A private foundation based in Edmond, OK.
Money in and out
$17K revenue, $20K expenses
Bottom line
—

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

NEUTRAL

Not on file

Program vs. overhead split is not on file for this EIN's most recent filing. See detail →

What's its financial size and trend?

NEUTRAL

<$100K · ↓ -74% vs prior year

Revenue band <$100K, -74% versus the prior filing year (down). See detail →

Grants paid & assets · FY2022
Total revenue
$17K
Pt VIII · Ln 12
Total expenses
$20K
Pt IX · Ln 25
Net assets
$21K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3K
Total assets
21K
deployed as grants and operations
Grants paid
20K
in FY2022
Grants made
1grants
total in period
Payout rate
98%
of assets (5% rule)

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Who They Fund

Part XV · grants paid · 1 grant · $45K · 2025–2025
Victory ChurchFY2025$45,389

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$45K
Median grantPart XV$45K
Largest grantPart XV$45K

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF
Total assets
$21K
FY2022▼ -14%
Total liabilities
$0
FY2022
Total assetsPt II$21K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CWellspring Foundation
EINHdr · item D83-6790857
Principal addressHdr · item CEdmond, OK
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFJul 2019

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
Officers, directors & key employeesPt VII · Sec ANot reported
See Wellspring Foundation executive salaries →

Statement of Revenue

Part VIII
Contributions & grants100%$17K
Total revenueLn 12$17K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $1.00 Operating & administrative $0.00
Grants & contributions paid100%$20K
Operating & administrative$12
Total functional expensesLn 25$20K

Balance Sheet

Part X · end of year
CashLn 1$965
Total assetsLn 16$21K
Total liabilitiesLn 26$0
Total net assetsLn 32$21K
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $21K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $17K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $17K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $17K · Prior year $64K
-74%
Net-asset trend (YoY)
End of year $21K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $17K · Expenses $20K
-21%
Liabilities-to-Assets
Total liabilities — · Total assets $21K
—
Net-asset ratio
Net assets $21K · Total assets $21K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $20K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -74%——

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
FY2025 (Latest)$46K revenue · ⤓ 990 PDF
FY2024$13K revenue · ⤓ 990 PDF
FY2023$25K revenue · ⤓ 990 PDF
FY2022$17K revenue · viewing · ⤓ 990 PDF
FY2021$64K revenue · ⤓ 990 PDF
FY2020$250 revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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