Wellspring
- Assets
- $984.9k
- Revenue
- $684.8k
- Investments
- $0.0
- Employees
- 32
- Location
- Detroit, MI
- Founding
- 08/1992
- Data as of
- 12/2021
- EIN
- 38-3043083
Organization Overview
Wellspring is located in Detroit, MI. The organization was established in 1992. According to its NTEE Classification (I21) the organization is classified as: Youth Violence Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Wellspring employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring 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 12/2021, Wellspring generated $684.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $564.4k during the year ending 12/2021. While expenses have increased by 12.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SIGNIFICANT ACTIVITIES INCLUDING KUMON MATH & READING, COLLEGE PREPARATION, FIELD TRIPS, OUTDOOR RECREATION SUCH AS CAMPING & KAYAKING, LEADERSHIP DEVELOPMENT, SUMMBER EMPLOYMENT AND CHRISTIAN DISCIPLESHIP.
Describe the Organization's Program Activity:
OUR ACADEMIC & YOUTH DEVELOPMENT PROGRAM WAS PROVIDED TO 309 YOUTH. OF THESE 309 YOUTH, 220 PARTICIPATED IN THE KUMON MATH AND READING CURRICULUM AS WELL AS OTHER YOUTH DEVELOPMENT ACTIVITIES; 89 PARTICIPATED IN NON- KUMON DEVELOPMENT ACTIVITES ONLY. 358 GRADE LEVEL INCREASES (GLI'S)WERE DOCUMENTED BY THE KUMON MATH AND READING PARTICIPANTS (THE AVERAGE 12-MONTH STUDENT ADVANCED 3.4 GLI'S IN MATH OR READING SKILL). THE NON-KUMON YOUTH DEVELOPMENT ACTIVITIES CONSISTED OF RECREATION, FIELD TRIPS, COLLEGE TOURS, SAT SUPPORT, COLLEGE READINESS WORKSHOPS, ADVENTURE-BASED LEADERSHIP DEVELOPMENT, COMMUNITY SERVICE AND A TEEN LEADERSHIP COUNCIL. CHRISTIAN DISCIPLESHIP WAS PROVIDED TO APPROXIMATELY 20 YOUTH THROUGH SUCH ACTIVITIES AS MANHOOD CHALLENGE, CHRISTIAN MOVIE NIGHTS, CHRISTIAN CONFERENCES. OUR SUMMER EMPLOYMENT PROGRAM EMPLOYED 14 TEENS AND YOUNG ADULTS FOR 6 WEEKS IN THE SUMMER. THESE SUMMER EMPLOYEES ALSO PARTICICATED IN WORKSHOPS ON FINANCIAL MANAGEMENT AND HEALTHY EATING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel T Bandrowski Co-Director/ | OfficerTrustee | 40 | $47,789 |
Cheryl Bandrowski Co-Director | Officer | 40 | $38,784 |
Mishael Raiford Chairman | OfficerTrustee | $0 | |
Sherry Short Treasurer/bo | OfficerTrustee | $0 | |
Stephanie Young Secretary/bo | OfficerTrustee | $0 | |
Tony Briggs Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,121 |
| All other contributions, gifts, grants, and similar amounts not included above | $534,241 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $616,362 |
| Total Program Service Revenue | $56,683 |
| Investment income | $646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,244 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,300 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $684,776 |
| 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. | $86,573 |
| Compensation of current officers, directors, key employees. | $9,107 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,126 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,985 |
| Payroll taxes | $26,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,762 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,083 |
| Insurance | $6,618 |
| All other expenses | $18,174 |
| Total functional expenses | $564,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,256 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,057 |
| 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 | $0 |
| Net Land, buildings, and equipment | $492,559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $984,872 |
| Accounts payable and accrued expenses | $12,367 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $21,341 |
| Other liabilities | $0 |
| Total liabilities | $33,708 |
| Net assets without donor restrictions | $733,744 |
| Net assets with donor restrictions | $217,420 |
| 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 | $984,872 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Wellspring has recieved totaling $612,023.
| Awarding Organization | Amount |
|---|---|
Skillman Foundation Detroit, MI PURPOSE: ADVANCING READING & MATH PROFICIENCY PROGRAM | $175,000 |
Max M & Marjorie S Fisher Foundation Inc Southfield, MI PURPOSE: BRIGHTMOOR LITERACY EXPANSION | $120,000 |
Max M & Marjorie S Fisher Foundation Inc Southfield, MI PURPOSE: BRIGHTMOOR LITERACY EXPANSION | $120,000 |
Max M & Marjorie S Fisher Foundation Inc Southfield, MI PURPOSE: LIFT AS WE CLIMB BRIGHTMOOR | $65,000 |
Max M & Marjorie S Fisher Foundation Inc Southfield, MI PURPOSE: LIFT AS WE CLIMB BRIGHTMOOR | $65,000 |
Skillman Foundation Detroit, MI PURPOSE: YOUTH, FAMILY & STAFF WELLNESS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bridgeway Services Inc Southgate, MI | $7,192,114 | $10,954,718 |
Tomorrows Children Inc Waupaca, WI | $2,261,375 | $3,285,305 |
Wai-Iam Inc Lansing, MI | $1,302,963 | $1,221,678 |
Michigan Council On Crime And Delinquency Ann Arbor, MI | $682,044 | $1,141,231 |
Northern Michigan Mobile Child Advocacy Center Harrison, MI | $750,005 | $909,660 |
Midland Kids First Midland, MI | $717,519 | $336,917 |
Wellspring Detroit, MI | $984,872 | $684,776 |
Operation Dream Inc Milwaukee, WI | $701,775 | $786,244 |
Bay Sail Bay City, MI | $394,564 | $402,077 |
Bridge Ministry Center Zeeland, MI | $610,708 | $432,667 |
Girls On The Run Michiana Granger, IN | $420,345 | $445,594 |
Give Merit Inc Detroit, MI | $1,265,994 | $267,195 |