Springwell Network Inc
- Assets
- $2.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 86
- Location
- Winstonsalem, NC
- Founding
- 01/1976
- Data as of
- 06/2023
- EIN
- 56-1097900
Organization Overview
Springwell Network Inc is located in Winstonsalem, NC. The organization was established in 1976. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2023, Springwell Network Inc employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springwell Network 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 06/2023, Springwell Network Inc generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY RESIDENTIAL CARE AND TRAINING FOR INDIVIDUALS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT GROUP HOMES - TO PROVIDE RESIDENCE, COUNSELING, GUIDANCE & TRAINING FOR ADULTS WHO HAVE INTELLECTUAL DEVELOPMENT DISABILITIES.
SUPPORTED LIVING - TO SUPPORT & TRAINING FOR RESIDENTS HAVING THE POTENTIAL TO FUNCTION IN A LESS RESTRICTIVE ENVIRONMENT.
TRAINING - TO DEVELOP STAFF SKILLS FOR CARING FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. STAFF ARE TRAINED IN CPR, FIRST AID, OSHA, MEDICATION ADMINISTRATION, DIABETES, SEIZURE, H1N1, DISASTER RELIEF, AND OTHER CORE COMPETENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Brown President | OfficerTrustee | 1 | $0 |
Mark Ciofani Director | Trustee | 1 | $0 |
Jannell Rowe Director | Trustee | 1 | $0 |
Jillian Dewalt Director | Trustee | 1 | $0 |
Charlene Warren Executive Director | Officer | 40 | $93,670 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $29,381 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,931 |
| Total Program Service Revenue | $2,071,461 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,095 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,086,314 |
| 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. | $99,911 |
| Compensation of current officers, directors, key employees. | $99,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,287,568 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,853 |
| Payroll taxes | $101,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,246 |
| Fees for services: Other | $10,180 |
| Advertising and promotion | $0 |
| Office expenses | $60,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $326,954 |
| Travel | $750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,271 |
| Insurance | $38,134 |
| All other expenses | $7,314 |
| Total functional expenses | $2,290,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323 |
| Savings and temporary cash investments | $550,627 |
| Pledges and grants receivable | $30,003 |
| Accounts receivable, net | $261,201 |
| 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 | $15,389 |
| Net Land, buildings, and equipment | $1,228,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $126,868 |
| Total assets | $2,213,211 |
| Accounts payable and accrued expenses | $160,704 |
| 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 | $469,411 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $630,115 |
| Net assets without donor restrictions | $1,553,715 |
| Net assets with donor restrictions | $29,381 |
| 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 | $2,213,211 |