Wellspring Foundation Inc
- Assets
- $6.6m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 128
- Location
- Bethlehem, CT
- Founding
- 04/1984
- Data as of
- 06/2022
- EIN
- 06-1014227
Organization Overview
Wellspring Foundation Inc is located in Bethlehem, CT. The organization was established in 1984. According to its NTEE Classification (F31) the organization is classified as: Psychiatric Hospitals, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Wellspring Foundation Inc employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Wellspring Foundation Inc generated $5.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $6.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WELLSPRING IS A THERAPEUTIC AND EDUCATIONAL CENTER DEDICATED TO HEALING AND LEARNING THROUGH RELATIONAL APPROACHES- TO SELF, OTHERS, CREATION, AND SPIRIT- WHICH TOUCH AND BRING FORTH THE WELLSPRING OF PERSONAL BEING UNIQUE TO EACH INDIVIDUAL, GIVING HOPE TO EACH PERSON AND FAMILY IN OUR CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL TREATMENT INCLUDES A 8-BED GIRLS PROGRAM FOR GIRLS AGES 12 - 15;A 19-BED ADOLESCENT PROGRAM FOR GIRLS AGES 12 - 18; AND A 10-BED YOUNG ADULT/ADULT PROGRAM FOR WOMEN AGES 18 AND OVER. DESIGNED ON A THERAPEUTIC COMMUNITY MODEL, THE PROGRAMS TREAT A WIDE RANGE OF PSYCHIATRIC, EMOTIONAL, EDUCATIONAL, FAMILY AND BEHAVIORAL PROBLEMS. FAMILIES ARE ENCOURAGED INTO PARTNERSHIP WITH THEIR CHILDREN DURING THE TREATMENT PROCESS TO WORK TOWARD FAMILY REUNIFICATION, AND THEIR RETURN TO SCHOOL, EMPLOYMENT, AND COMMUNITY. THE CLINICALLY INTENSE PROGRAM INCLUDES INDIVIDUAL THERAPY, FAMILY AND MULTI-FAMILY GROUPS, EXPRESSIVE, ART, AND ANIMAL AND LAND PROGRAMS. NURSING CARE IS PROVIDED ON A ROUND-THE-CLOCK BASIS.
THE ARCH BRIDGE SCHOOL IS A COED THERAPEUTIC SPECIAL EDUCATION PROGRAM WITH A CAPACITY OF 51 THAT PROVIDES EDUCATIONAL SERVICES TO WELLSPRING RESIDENTS AND COMMUNITY DAY STUDENTS, GRADES 1 - 12, AND UP TO 21 YEARS OF AGE. CORE ACADEMICS AND COLLEGE PREPARATORY CLASSES ARE TAUGHT ALONG WITH STRUCTURED SUPPORTS FOR EMOTIONAL AND BEHAVIORAL ISSUES. EMPHASIS IS PLACED ON PROVIDING A POSITIVE LEARNING EXPERIENCE, RESOLVING SCHOOL RELATED ISSUES, AND PREPARING THE STUDENT TO FUNCTION SUCCESSFULLY IN HER COMMUNITY SCHOOL. ARCH BRIDGE SCHOOL IS ACCREDITED BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES AND APPROVED BY CONNECTICUT, NEW YORK, NEW JERSEY AND MASSACHUSETTS.
OUTPATIENT COUNSELING SERVICES PROVIDE THERAPIES THAT ADDRESS EMOTIONAL AND PSYCHOLOGICAL ISSUES SUCH AS ANXIETY, DEPRESSION, STRESS AND ADJUSTMENT ISSUES, INTERPERSONAL RELATIONSHIPS, SCHOOL PROBLEMS OF ADJUSTMENT AND PERFORMANCE, ATTACHMENT DISORDER, AND WORKING THROUGH TRAUMA AND LOSS. PROFESSIONALLY TRAINED AND EXPERIENCED THERAPISTS ARE AVAILABLE TO WORK WITH ADULTS AND CHILDREN, INDIVIDUALLY AND IN FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Murray CEO | Officer | 40 | $162,905 |
Dr John Ewing Psych Dir. | Officer | 18 | $124,263 |
Phyllis Beauvais PHD Director | Trustee | 4 | $10,513 |
Jill Hogan Chairperson | OfficerTrustee | 3 | $0 |
Thomas W Jasper Treasurer | OfficerTrustee | 2 | $0 |
Michael E Ackerman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $873,258 |
| All other contributions, gifts, grants, and similar amounts not included above | $448,764 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,322,022 |
| Total Program Service Revenue | $4,213,988 |
| Investment income | $60,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,612 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,676,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $307,476 |
| Compensation of current officers, directors, key employees. | $168,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,619,966 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $658,273 |
| Payroll taxes | $305,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,586 |
| Fees for services: Other | $78,371 |
| Advertising and promotion | $14,225 |
| Office expenses | $56,911 |
| Information technology | $58,506 |
| Royalties | $0 |
| Occupancy | $122,582 |
| Travel | $24,711 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,525 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,044 |
| Insurance | $94,618 |
| All other expenses | $0 |
| Total functional expenses | $5,952,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,389 |
| Savings and temporary cash investments | $897,271 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $336,740 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $51,261 |
| Net Land, buildings, and equipment | $2,851,681 |
| Investments—publicly traded securities | $2,422,488 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,300 |
| Total assets | $6,587,130 |
| Accounts payable and accrued expenses | $110,417 |
| Grants payable | $0 |
| Deferred revenue | $117,346 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $504,329 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $305,131 |
| Total liabilities | $1,037,223 |
| Net assets without donor restrictions | $4,443,756 |
| Net assets with donor restrictions | $1,106,151 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,587,130 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wellspring Foundation Inc has recieved totaling $77,707.
| Awarding Organization | Amount |
|---|---|
Connecticut Community Foundation Inc Waterbury, CT PURPOSE: GIVE LOCAL 2021 | $57,563 |
Insetta Family Foundation Inc Jacksonville, FL PURPOSE: CHARITABLE | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $144 |
Endowment Analysis
| Beg. Balance | $2,938,629 |
| Earnings | -$479,096 |
| Net Contributions | $68,350 |
| Other Expense | $105,395 |
| Ending Balance | $2,422,488 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comprehensive Mental Health Systems North Dartmouth, MA | $3,589,910 | $11,614,122 |
Wellspring Foundation Inc Bethlehem, CT | $6,587,130 | $5,676,810 |
St Josephs Hospital Health Center Foundation Inc Syracuse, NY | $19,284,095 | $2,021,499 |
New York Association Of Psychiatric Rehabilitation Services Inc Albany, NY | $409,776 | $1,929,887 |
Queens County Neuropsychiatric Institute Inc Jackson Heights, NY | $425,058 | $1,253,548 |
American Friends Of Herzog Hospital Inc New York, NY | $302,031 | $1,226,116 |
Boston Psychoanalytic Society And Institute Inc Newton Centre, MA | $17,526,827 | $2,697,086 |
Nami Western Massachusetts Inc Agawam, MA | $62,518 | $0 |
Woodhull Medical & Mental Health Center Auxiliary Inc Brooklyn, NY | $695,712 | $18,384 |