The Wellspring Foundation for Education FY2020 filing

Tax-deductible

Canada501(c)(3)Since 2003InternationalEIN 98-0439803Revenue $1.8M in FY2020

On file with the IRSthewellspringfoundation.orgLangley Bc V1m 2m3, 00000-0000 · CanadaTax-exempt since Aug 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To 1) empower a generation of leaders and transform lives in rwanda and beyond by developing and supporting schools, teachers, and students, and 2) foster vibrant communities that address poverty in all its forms.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$238K 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 by treaty
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $129K a year · 8% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$238K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $26K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
Spent
$1.9M
To programs
73%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$1.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.7M
FY2022$1.9M
FY2023$1.8M
FY2024$1.5M
FY2025$1.1M
Expenses
$1.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$2.0M
FY2022$2.1M
FY2023$1.8M
FY2024$1.5M
FY2025$1.2M
Net assets
$1.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$995K
FY2022$766K
FY2023$779K
FY2024$699K
FY2025$639K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Revoked May 2010, reinstated. IRS ruling Aug 2014, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Aug 2014.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $1.4M Management & general 14% · $263K Fundraising 13% · $246K

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

14 people listed on the 990; $238K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$79,493Pt VII · Sec A
Chief Executive Officer
$66,598Pt VII · Sec A
Director of Public Engagement
$49,444Pt VII · Sec A
Country Director
$42,199Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Libby Karangwa-Miles’s $83K as Executive Director is at the 21st percentile of top reported officer pay among 1168 $1–10M international 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kevin Dixon—$62,827$110,984$113,245$114,762$66,598
Libby Karangwa-Miles$83,053$84,564————
Andy Harrington—————$79,493
Louise Loten$73,393$68,804$56,761———
Libby Karangway-Miles——$55,850$53,465——
Libby Karangwamiles————$52,288$42,199
Louise Reilly$40,150$39,777$38,724$39,567$40,159$49,444
Barbara Luck$43,682$43,089$41,033$40,942$41,662—

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

Empowers communities to overcome poverty through comprehensive support and resources.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2020
01

The wellspring foundation is supporting 134 schools, 3,300+ teachers, and 195,000 children in rwanda through its schools development program. The organization also provides support for the private wellspring academy, coordinates activities of other education non-governmental organizations, and supports the development of strategy and…

$1.4Mprogram 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$26K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.7M
Other incomeLn 4–11$50K
Investment incomeLn 3$18K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.4M
Managementcol C$263K
Fundraisingcol D$246K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$719K
Total assetsLn 16$1.3M
LiabilitiesLn 26$37K
PeoplePt VI, VII
14
listed · VII A
PaidVII A4
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$177K
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$154K
Investment incomeLn 3$18K
Other incomeLn 4–11$50K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$719K
Cash and savings togetherLn 1–2$719K
InvestmentsLn 11–13$534K
Land, buildings, equipmentLn 10c$66K
Other assetsLn 15$7K
Total assetsLn 16$1.3M
LiabilitiesLn 26$37K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$817K$719K
InvestmentsLn 11–13$473K$534K
Land, buildings, equipmentLn 10c$72K$66K
Total assetsLn 16$1.4M$1.3M
LiabilitiesLn 26$55K$37K
Net assetsLn 32$1.4M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$44K$44K
Pay of current officers, directors and key staffLn 5$264K$164K$62K$38K
Other salaries and wagesLn 7$755K$481K$111K$163K
Other employee benefitsLn 9$347K$307K$17K$23K
Legal feesLn 11b$168$168
Accounting feesLn 11c$12K$8K$3K
Other fees for servicesLn 11g$18K$186$18K
Advertising and promotionLn 12$11K$982$731$10K
Office expensesLn 13$87K$71K$12K$4K
Information technologyLn 14$11K$8K$1K$1K
OccupancyLn 16$61K$29K$32K
TravelLn 17$50K$40K$3K$7K
Conferences, conventions and meetingsLn 19$3K$3K
Depreciation, depletion and amortizationLn 22$12K$8K$4K
Other expenses (24a–d)Ln 24$188K$188K
Total functional expensesLn 25$1.9M$1.4M$263K$246K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.2M−$91K$639K 990 PDF
FY2024 $1.5M$1.5M−$84K$699K 990 PDF
FY2023 $1.8M$1.8M−$25K$779K 990 PDF
FY2022 $1.9M$2.1M−$128K$766K 990 PDF
FY2021 $1.7M$2.0M−$338K$995K 990 PDF
FY2020 Viewing $1.8M$1.9M−$110K$1.3M 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 $1,753,543 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,812,396$1,685,397
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$109,993$17,842
I-11 Other revenuePrior year $4,691$50,304
I-12 Total revenuePrior year $1,707,094$1,753,543
I-13 Grants and similar amounts paidPrior year $0$44,184
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,330,028$1,365,727
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $626,437$453,263
I-18 Total expensesPrior year $1,956,465$1,863,174
I-19 Revenue less expensesPrior year −$249,371−$109,631
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,753,543 across 9 lines filed
VIII-1c Fundraising events$154,170
VIII-1e Government grants$177,262
VIII-1f All other contributions, gifts and grants$1,353,965
VIII-1g Noncash contributions (included above)$2,302
VIII-1h Total contributions, gifts and grants$1,685,397
VIII-3 Investment incomeExcluded from tax $17,842$17,842
VIII-8 Net income from fundraising eventsExcluded from tax $48,075$48,075
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,229$2,229
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $68,146$1,753,543
Part IX · Statement of functional expenses $1,863,174 across 15 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $44,184$44,184
IX-5 Pay of current officers, directors and key staffPrograms $163,564 · Management $61,937 · Fundraising $38,364$263,865
IX-7 Other salaries and wagesPrograms $480,620 · Management $111,032 · Fundraising $163,168$754,820
IX-9 Other employee benefitsPrograms $307,478 · Management $16,888 · Fundraising $22,676$347,042
IX-11b Legal feesPrograms $168$168
IX-11c Accounting feesPrograms $8,500 · Management $3,152$11,652
IX-11g Other fees for servicesPrograms $186 · Management $18,169$18,355
IX-12 Advertising and promotionPrograms $982 · Management $731 · Fundraising $9,615$11,328
IX-13 Office expensesPrograms $71,246 · Management $12,045 · Fundraising $4,052$87,343
IX-14 Information technologyPrograms $8,287 · Management $1,415 · Fundraising $1,458$11,160
IX-16 OccupancyPrograms $29,470 · Management $31,548$61,018
IX-17 TravelPrograms $40,163 · Management $2,756 · Fundraising $6,635$49,554
IX-19 Conferences, conventions and meetingsPrograms $2,562$2,562
IX-22 Depreciation, depletion and amortizationPrograms $8,494 · Management $3,571$12,065
IX-24 Other expenses (24a–d)Programs $188,058$188,058
IX-25 Total functional expensesPrograms $1,353,962 · Management $263,244 · Fundraising $245,968$1,863,174
Part X · Balance sheet $1,339,099 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $816,917$718,651
X-9 Prepaid expenses and deferred chargesStart of year $33,515$13,297
X-10c Land, buildings and equipment, netStart of year $71,839$65,959
X-11 Publicly traded securitiesStart of year $472,734$534,242
X-15 Other assetsStart of year $8,141$6,950
X-16 Total assetsStart of year $1,407,750$1,339,099
X-17 Accounts payable and accrued expensesStart of year $55,234$37,161
X-26 Total liabilitiesStart of year $55,234$37,161
X-32 Total net assets or fund balancesStart of year $1,352,516$1,301,938
X-33 Total liabilities and net assetsStart of year $1,407,750$1,339,099
Part XI · Reconciliation of net assets $1,301,938 net assets at year end
XI-1 Total revenue$1,753,543
XI-2 Total expenses$1,863,174
XI-3 Revenue less expenses−$109,631
XI-4 Net assets at start of year$1,352,516
XI-5 Net unrealized gains (losses) on investments$46,836
XI-9 Other changes in net assets$12,217
XI-10 Net assets at end of year$1,301,938

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

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