The Wellspring Foundation for Education FY2021 filing

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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.
70¢ of each $1 spent went to programs.
$249K 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

FY2021 · 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
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$249K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $563K in investments, Pt X · Ln 11–13
Fine: 2.2 months of spending in cash; 1 to 3.
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
$32K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
-3% vs prior year
Spent
$2.0M
To programs
70%
Net assets
$995K
By yearFY2020–FY2025
Revenue
$1.7M
FY2021▼ -3%
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
$2.0M
FY2021▲ +9%
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
$995K
FY2021▼ -24%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

70 cents of each dollar spent went to programs.

Program services 70% · $1.4M Management & general 14% · $284K Fundraising 16% · $330K

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

15 people listed on the 990; $249K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$114,762Pt VII · Sec A
Country Director
$52,288Pt VII · Sec A
Director of Finance
$41,662Pt VII · Sec A
Director of Public Engagement
$40,159Pt 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.

See The Wellspring Foundation for Education executive salaries →

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.

Questions for The Wellspring Foundation for Education

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1 program · $1.4M · in their own filed words · FY2021
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 FY2021 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.6M
Other incomeLn 4–11$121K
Investment incomeLn 3$21K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.4M
Managementcol C$284K
Fundraisingcol D$330K
Owns and owesPt X
$995K
net assets · Ln 32
Cash and savingsLn 1–2$379K
Total assetsLn 16$1.0M
LiabilitiesLn 26$32K
PeoplePt VI, VII
15
listed · VII A
PaidVII A4
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$150K
Noncash giftsLn 1g$16K
Fundraising eventsLn 1c$32K
Investment incomeLn 3$21K
Other incomeLn 4–11$121K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$379K
Cash and savings togetherLn 1–2$379K
Prepaid expenses and deferred chargesLn 9$16K
Land, buildings, equipmentLn 10c$56K
InvestmentsLn 11–13$563K
Other assetsLn 15$12K
Total assetsLn 16$1.0M
LiabilitiesLn 26$32K
Net assetsLn 32$995K
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 FY21End FY21
Cash and savingsLn 1–2$719K$379K
InvestmentsLn 11–13$534K$563K
Land, buildings, equipmentLn 10c$66K$56K
Total assetsLn 16$1.3M$1.0M
LiabilitiesLn 26$37K$32K
Net assetsLn 32$1.3M$995K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$272K$175K$41K$56K
Other salaries and wagesLn 7$846K$534K$132K$181K
Other employee benefitsLn 9$367K$324K$19K$24K
Accounting feesLn 11c$9K$8K$1K
Other fees for servicesLn 11g$20K$2K$18K
Advertising and promotionLn 12$49K$4K$1K$44K
Office expensesLn 13$104K$87K$13K$5K
Information technologyLn 14$35K$16K$9K$10K
OccupancyLn 16$60K$27K$33K
TravelLn 17$112K$104K$2K$7K
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$13K$7K$5K
Other expenses (24a–d)Ln 24$139K$126K$9K$4K
Total functional expensesLn 25$2.0M$1.4M$284K$330K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 29, 2026 $1.1M$1.2M−$91K$639K 990 PDF
FY2024Filed with the IRS Sep 24, 2025 $1.5M$1.5M−$84K$699K 990 PDF
FY2023Filed with the IRS Oct 14, 2024 $1.8M$1.8M−$25K$779K 990 PDF
FY2022Filed with the IRS Oct 10, 2023 $1.9M$2.1M−$128K$766K 990 PDF
FY2021 ViewingFiled with the IRS Sep 14, 2022 $1.7M$2.0M−$338K$995K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $1.8M$1.9M−$110K$1.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,692,765 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,685,397$1,550,156
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $17,842$21,416
I-11 Other revenuePrior year $50,304$121,193
I-12 Total revenuePrior year $1,753,543$1,692,765
I-13 Grants and similar amounts paidPrior year $44,184$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,365,727$1,485,291
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $453,263$545,569
I-18 Total expensesPrior year $1,863,174$2,030,860
I-19 Revenue less expensesPrior year −$109,631−$338,095
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $1,692,765 across 8 lines filed
VIII-1c Fundraising events$31,769
VIII-1e Government grants$150,342
VIII-1f All other contributions, gifts and grants$1,368,045
VIII-1g Noncash contributions (included above)$16,269
VIII-1h Total contributions, gifts and grants$1,550,156
VIII-3 Investment incomeExcluded from tax $21,416$21,416
VIII-8 Net income from fundraising eventsExcluded from tax $121,193$121,193
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $142,609$1,692,765
Part IX · Statement of functional expenses $2,030,860 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $175,069 · Management $41,009 · Fundraising $56,139$272,217
IX-7 Other salaries and wagesPrograms $533,883 · Management $131,717 · Fundraising $180,566$846,166
IX-9 Other employee benefitsPrograms $324,241 · Management $18,931 · Fundraising $23,736$366,908
IX-11c Accounting feesPrograms $8,014 · Management $1,434$9,448
IX-11g Other fees for servicesPrograms $1,649 · Management $18,480$20,129
IX-12 Advertising and promotionPrograms $4,235 · Management $1,010 · Fundraising $44,039$49,284
IX-13 Office expensesPrograms $86,524 · Management $12,533 · Fundraising $4,873$103,930
IX-14 Information technologyPrograms $15,784 · Management $9,412 · Fundraising $9,698$34,894
IX-16 OccupancyPrograms $26,544 · Management $33,472$60,016
IX-17 TravelPrograms $103,940 · Management $1,851 · Fundraising $6,594$112,385
IX-19 Conferences, conventions and meetingsPrograms $3,788$3,788
IX-22 Depreciation, depletion and amortizationPrograms $7,348 · Management $5,235$12,583
IX-24 Other expenses (24a–d)Programs $125,871 · Management $8,868 · Fundraising $4,373$139,112
IX-25 Total functional expensesPrograms $1,416,890 · Management $283,952 · Fundraising $330,018$2,030,860
Part X · Balance sheet $1,027,041 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $718,651$379,089
X-9 Prepaid expenses and deferred chargesStart of year $13,297$16,316
X-10c Land, buildings and equipment, netStart of year $65,959$56,466
X-11 Publicly traded securitiesStart of year $534,242$563,434
X-15 Other assetsStart of year $6,950$11,736
X-16 Total assetsStart of year $1,339,099$1,027,041
X-17 Accounts payable and accrued expensesStart of year $37,161$31,854
X-26 Total liabilitiesStart of year $37,161$31,854
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $1,301,938$995,187
X-32 Total net assets or fund balancesStart of year $1,301,938$995,187
X-33 Total liabilities and net assetsStart of year $1,339,099$1,027,041
Part XI · Reconciliation of net assets $995,187 net assets at year end
XI-1 Total revenue$1,692,765
XI-2 Total expenses$2,030,860
XI-3 Revenue less expenses−$338,095
XI-4 Net assets at start of year$1,301,938
XI-5 Net unrealized gains (losses) on investments$12,742
XI-9 Other changes in net assets$18,602
XI-10 Net assets at end of year$995,187

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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