Wellspring Living Inc
- Assets
- $3.6m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 189
- Location
- Atlanta, GA
- Founding
- 10/2001
- Data as of
- 12/2020
- EIN
- 58-2614182
Organization Overview
Wellspring Living Inc is located in Atlanta, GA. The organization was established in 2001. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Wellspring Living Inc employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring Living 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 12/2020, Wellspring Living Inc generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $7.8m during the year ending 12/2020. While expenses have increased by 13.9% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TRANSFORMING LIVES OF THOSE AT RISK OR VICTIMIZED BY SEXUAL EXPLOITATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR YOUTH: GIRLS' RESIDENTIAL PROGRAM (AGES 12-17): PROVIDING TRAUMA-INFORMED CARE TO SURVIVORS OF DOMESTIC MINOR SEX TRAFFICKING (DMST) IN THE SERVICE OF PHYSICAL, EMOTIONAL AND SPIRITUAL RESTORATION. DMST IS THE COMMERICAL SEXUAL EXPLOITATION OF AMERICAN CHILDREN WITHIN U.S. BORDERS. IN A SAFE RESIDENTIAL ENVIRONMENT, EACH GIRL IS ENCOURAGED TO SET PERSONAL GOALS IN HER THERAPY AND EDUCATION, AND EACH IS SUPPORTED BY STAFF AND VOLUNTEERS THROUGHOUT HER JOURNEY OF HEALING. PLEASE SEE SCHEDULE O FOR FURTHER DETAILS.
FOR WOMEN: WOMEN'S RESIDENTIAL PROGRAM (AGES 18+): PROVIDING TRAUMA-INFORMED CARE TO SURVIVORS OF DOMESTIC SEX TRAFFICKING AND THOSE AT RISK WITH THE SERVICE OF PHYSICAL, EMOTIONAL AND SPIRITUAL RESTORATION. THIS PROGRAM IS AN INDEPENDENT LIVING SETTING WHERE SURVIVORS CAN LIVE AND ENGAGE WITH HEALTHY COMMUNITY SUPPORT. ALL PARTICIPANTS RECEIVE EDUCATION, PERSONALIZED THERAPY, CAREER TRAINING, SUPPORTIVE COMMUNITY, FINANCIAL MANAGEMENT, AND LIFE SKILLS INSTRUCTION OFF-SITE AT THE WOMEN'S ACADEMY. TRANSITIONAL HOUSING AND VOUCHERS ARE ALSO PROVIDED FOR STEP-DOWN SUPPORT.
FOR COMMUNITY: WOMEN'S ACADEMY (AGES 18+): THE WOMEN'S ACADEMY OFFERS LIFE-CHANGING PROGRAMMING TO YOUNG WOMEN WHO HAVE EXPERIENCED DIFFICULTY GAINING LIVING-WAGE EMPLOYMENT DUE TO LIFE CIRCUMSTANCES SUCH AS POVERTY, SEXUAL ABUSE, AND TRAFFICKING. THE WOMEN'S ACADEMY OFFERS AN INVALUABLE OPPORTUNITY TO EQUIP WOMEN IN ATLANTA'S COMMUNITIES FOR SUCCESS! PLEASE SEE SCHEDULE O FOR FURTHER DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Hendrickson COO | Officer | 40 | $115,500 |
Mary Frances Bowley Executive Director | Officer | 40 | $99,678 |
Loretta Zimmermann Secretary | OfficerTrustee | 2 | $0 |
Evia Golde Board Vice Chair | OfficerTrustee | 2 | $0 |
Jonathan Lively Treasurer | OfficerTrustee | 2 | $0 |
August Trammell Board Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $237,166 |
| Membership dues | $0 |
| Fundraising events | $333,830 |
| Related organizations | $0 |
| Government grants | $3,743,796 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,503,499 |
| Noncash contributions included in lines 1a–1f | $442,063 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,818,291 |
| Total Program Service Revenue | $1,163,674 |
| Investment income | $422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $229 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$71,089 |
| Net Income from Fundraising Events | -$15,881 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $82,848 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,107,143 |
| 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. | $221,323 |
| Compensation of current officers, directors, key employees. | $19,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,420,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $176,238 |
| Payroll taxes | $404,705 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $120,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $560,574 |
| Advertising and promotion | $82,860 |
| Office expenses | $124,560 |
| Information technology | $85,104 |
| Royalties | $0 |
| Occupancy | $567,394 |
| Travel | $65,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $592 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,848 |
| Insurance | $102,655 |
| All other expenses | $0 |
| Total functional expenses | $7,760,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900,879 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,321,928 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,103 |
| Prepaid expenses and deferred charges | $8,733 |
| Net Land, buildings, and equipment | $1,235,770 |
| Investments—publicly traded securities | $42,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,555 |
| Total assets | $3,565,992 |
| Accounts payable and accrued expenses | $170,797 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $170,797 |
| Net assets without donor restrictions | $3,395,195 |
| Net assets with donor restrictions | $0 |
| 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 | $3,565,992 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wellspring Living Inc has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
Aderhold Family Foundation Brookhaven, GA PURPOSE: GENERAL PURPOSE | $10,000 |
Around The Table Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
The@ann M And Robert M Holder Foundation Atlanta, GA PURPOSE: CIVIC/CHARITABLE PURPOSES | $1,000 |
Endowment Analysis
| Net Contributions | $1,000,000 |
| Ending Balance | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Insideout Community Ministries Inc Clearwater, FL | $52,422,753 | $11,970,498 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Paramount Church Inc Palm Beach, FL | $0 | $8,970,572 |
Allegany Franciscan Ministries Inc Palm Harbor, FL | $132,053,877 | $12,610,220 |
Christian Sharing Center Inc Longwood, FL | $4,167,594 | $10,357,110 |
Maimonides-Shalom Academy Inc Fort Lauderdale, FL | $17,956,185 | $11,187,159 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |