Wellspring Inc
- Assets
- $6.7m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 107
- Location
- Rapid City, SD
- Founding
- 07/1991
- Data as of
- 06/2022
- EIN
- 46-0414463
Organization Overview
Wellspring Inc, operating under the name Wellfully, is located in Rapid City, SD. The organization was established in 1991. According to its NTEE Classification (P46) the organization is classified as: Family Counseling, under the broad grouping of Human Services and related organizations. As of 06/2022, Wellfully employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellfully 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, Wellfully generated $3.7m 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 $3.8m during the year ending 06/2022. While expenses have increased by 11.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WELLSPRING'S, DBA WELLFULLY, MISSION IS TO PROVIDE HEALTH, RECOVERY AND DEVELOPMENT SERVICES TO ALL ADOLESCENT YOUTH. VISION: WE FOCUS ON BEING THE PREMIER ADOLESCENT CARE PROVIDER IN THE REGION. SERVICE: WE SERVE YOUTH BETWEEN THE AGES OF 10 AND 18 WHO HAVE SIGNIFICANT MENTAL HEALTH, SUBSTANCE ABUSE, AND BEHAVIORAL CHALLENGES. THESE YOUTH NEED OUR SUPPORT TO SAFELY FUNCTION IN THEIR HOMES, SCHOOLS, AND OUR COMMUNITY. THROUGH WELLFULLY'S HIGH QUALITY RESIDENTIAL AND AFTERSCHOOL PROGRAMS, YOUTH DEVELOP EFFECTIVE COPING SKILLS, MAKE BETTER LIFE CHOICES, AND RECEIVE ONGOING SUPPORT FOR A SUCCESSFUL FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNSELING FOR FAMILIES AND ADOLESCENTS WITH EMOTIONAL, BEHAVIOR, OR CHEMICAL DEPENDENCY PROBLEMS. WE SERVED 59 YOUTH IN GROUP CARE, 97 YOUTH IN IN-PATIENT CHEMICAL DEPENDENCY, 22 INDIVIDUALS IN THE PSYCHIATRIC RESIDENTIAL TREATMENT FACILITY PROGRAM, 18 IN THE LAB PROGRAM, 197 IN THE ACCC PROGRAM, AND 87 IN ASSESSMENTS INCLUDING THE YOUTH IN OUT-PATIENT CHEMICAL DEPENDENCY FOR THE YEAR 6/30/22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Eilers Executive Di | Officer | 40 | $102,073 |
Amanda Johnson CFO | Officer | 40 | $73,353 |
Richard Cartney Dir. Of Oper | Officer | 40 | $64,526 |
Dan Maguire Past Preside | OfficerTrustee | 0.75 | $0 |
Tim Rogers Secretary | OfficerTrustee | 0.75 | $0 |
Samantha Johnson Treasurer | OfficerTrustee | 0.75 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scull Construction Construction | 6/29/19 | $1,852,381 |
Archi Spec Architecht | 6/29/19 | $105,357 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $127,000 |
| Membership dues | $0 |
| Fundraising events | $21,012 |
| Related organizations | $0 |
| Government grants | $272,281 |
| All other contributions, gifts, grants, and similar amounts not included above | $572,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $992,773 |
| Total Program Service Revenue | $2,657,075 |
| Investment income | $1,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,233 |
| Net Income from Fundraising Events | $8,692 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,681,953 |
| 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. | $260,306 |
| Compensation of current officers, directors, key employees. | $103,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,398,829 |
| Pension plan accruals and contributions | $12,228 |
| Other employee benefits | $210,631 |
| Payroll taxes | $196,222 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,743 |
| Advertising and promotion | $0 |
| Office expenses | $150,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,086 |
| Travel | $17,379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,392 |
| Interest | $97,522 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,204 |
| Insurance | $29,512 |
| All other expenses | $0 |
| Total functional expenses | $3,812,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,559 |
| Savings and temporary cash investments | $659,000 |
| Pledges and grants receivable | $105,741 |
| Accounts receivable, net | $314,996 |
| 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 | $20,003 |
| Net Land, buildings, and equipment | $5,413,432 |
| Investments—publicly traded securities | $79,120 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,500 |
| Total assets | $6,665,351 |
| Accounts payable and accrued expenses | $233,985 |
| 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 | $2,421,270 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,655,255 |
| Net assets without donor restrictions | $3,677,711 |
| Net assets with donor restrictions | $332,385 |
| 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 | $6,665,351 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wellspring Inc has recieved totaling $99,533.
| Awarding Organization | Amount |
|---|---|
United Way Of The Black Hills Rapid City, SD PURPOSE: GENERAL SUPPORT | $92,033 |
Black Hills Area Community Foundation Rapid City, SD PURPOSE: COMMUNITY WELFARE | $7,500 |
Endowment Analysis
| Beg. Balance | $41,371 |
| Earnings | -$14,278 |
| Net Contributions | $53,087 |
| Other Expense | $1,060 |
| Ending Balance | $79,120 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Relate Inc Minnetonka, MN | $8,504,842 | $7,964,890 |
Lee Carlson Center For Mental Health And Well-Being Fridley, MN | $3,297,969 | $7,333,401 |
The Bridge For Youth Minneapolis, MN | $9,395,654 | $4,590,246 |
Wellspring Inc Rapid City, SD | $6,665,351 | $3,681,953 |
Mind And Spirit Counseling Center Urbandale, IA | $3,425,377 | $3,583,990 |
Families Inc West Branch, IA | $786,848 | $1,875,402 |
Youth Service Bureau Inc Stillwater, MN | $2,008,363 | $1,620,040 |
Cedar Rapids Keys To Living Cedar Rapids, IA | $466,320 | $1,059,577 |
Faiths Lodge Plymouth, MN | $3,953,559 | $1,365,423 |
Building Families Clarion, IA | $467,402 | $651,397 |
Christian Life Ministries Rapid City, SD | $786,971 | $726,042 |
Cross-Generation Plymouth, MN | $897,271 | $667,429 |