EIN 56-2217797

Well-Spring Foundation

Name: Well-Spring Foundation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Greensboro

State

North Carolina

Year formed

2001

Most recent tax filings

2023-12-01

NTEE code, primary

L11: Housing and Shelter Single Organization Support

Description

The Well-Spring Foundation provides financial support to the Well-Spring Retirement Community, primarily for health care services and charity care. It is organized to serve exclusively as a supporting organization for the benefit of the retirement community and carries out purposes that are consistent with its mission.

Related structure

Well-Spring Foundation is a subordinate organization under Well-Spring A Life Plan Community.

Total revenues

$945,355

2023

Total expenses

$1,322,118

2023

Total assets

$11,697,990

2023

Num. employees

2023

Program areas at Well-Spring Foundation

Well-Spring Foundation is organized to serve exclusively as a supporting organization for the benefit of Well-Spring retirement community by carrying out purposes that are consistent with and that support the purpose of Well-Spring retirement community.

Grants made by Well-Spring Foundation

Grantee	Grant description	Grant year	Amount
Well-Spring A Life Plan Community	General Support	2023-12	$557,248

Who funds Well-Spring Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Hagan Family Fund	2023-12	Benevolent Endowment	$600

Personnel at Well-Spring Foundation

Name	Title	Compensation	Date of data
Steve Fleming	President and Chief Executive Officer		2024-04-23
Alan Tutterow	Chief Operating Officer and Chief Financial Officer and Director of Philanthropy		2024-04-23
K. Alan Tutterow	Secretary and Interim Treasurer	$0	2023-02-27
Lynn Wooten	Vice President of Marketing and Public Relations		2024-04-23
Rick Williams	Vice President of Human Resources		2024-04-23
...and 14 more key personnel

Financials for Well-Spring Foundation

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$549,856	$889,166	-38.2%
Program services	$0	$0	-
Investment income and dividends	$331,423	$330,633	0.2%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$64,076	$89,121	-28.1%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$945,355	$1,308,920	-27.8%

Form 990s for Well-Spring Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-14	990	View PDF
2021-12	2022-12-22	990	View PDF
2020-12	2021-11-11	990	View PDF
2019-12	2021-02-24	990	View PDF
2018-12	2020-02-10	990	View PDF
...and 9 more Form 990s

Organizations like Well-Spring Foundation

Organization	Type	Location	Revenue
Presbyterian Seniorcare Foundation	501(c)(3)	Oakmont, PA	$3,518,717
Transforming Age Foundation	501(c)(3)	Bellevue, WA	$660,119
Broadway Housing Communities Foundation	501(c)(3)	New York, NY	$264,628
Carillon Foundation	501(c)(3)	Lubbock, TX	$413,015
Rochester Presbyterian Home Foundation	501(c)(3)	Rochester, NY	$755,847
The Westminster Canterbury of Lynchburg Foundation	501(c)(3)	Lynchburg, VA	$992,281
St Joseph's Villa Foundation	501(c)(3)	Richmond, VA	$438,996
LHS Foundation	501(c)(3)	Toledo, OH	$576,427
St Dominic Health Services Foundation	501(c)(3)	Jackson, MS	$1,134,070
New Cassel Foundation	501(c)(3)	Omaha, NE	$1,461,992

Data update history

April 23, 2024

Updated personnel

Identified 4 new personnel

January 22, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 22, 2024

Updated personnel

Identified 1 new personnel

July 16, 2023

Posted financials

Added Form 990 for fiscal year 2021

June 14, 2023

Posted financials

Added Form 990 for fiscal year 2020

Nonprofit Types

Grantmaking organizationsHousing and shelter organizationsChapter / child organizationsCharities

Issues

Human servicesHousing

Characteristics

Funds one specific organizationProvides grantsState / local levelEndowed supportTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 4100 Well Spring Dr; Greensboro, NC 27410
Metro area: Greensboro-High Point, NC
County: Guilford County, NC
Website URL: well-spring.org/
Phone: (336) 545-5421

IRS details

EIN: 56-2217797
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2001
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: L11: Housing and Shelter Single Organization Support
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Subordinate organization

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Well-Spring Foundation

Program areas at Well-Spring Foundation

Grants made by Well-Spring Foundation

Who funds Well-Spring Foundation

Personnel at Well-Spring Foundation

Financials for Well-Spring Foundation

Form 990s for Well-Spring Foundation

Organizations like Well-Spring Foundation

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