Civic Intelligence

Wellspring Karitas Foundation

990 • Fiscal year 2015 • EIN 23-2176303

Jan 01, 2015 to Dec 31, 2015 • Filed on May 03, 2016

Organization Profilewww.KaritasFoundation.org
1275 Rose LaneBerwyn, PA 19312

(610) 647-4142

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

18th percentile

-16%

Higher net margin than 18% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

80th percentile

$12,000

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

21st percentile

-19%

Faster asset growth than 21% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

19th percentile

-26%

Faster revenue growth than 19% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$138,882

Down $31,956 (-19%) from 2014

Net Assets

Down

$138,462

Down $31,696 (-19%) from 2014

Liabilities

Down

$420

Down $260 (-38%) from 2014

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin18th percentile

Revenue

Down

$195,990

Down $67,859 (-26%) from 2014

Expenses

Up

$227,686

Up $65,646 (+41%) from 2014

Net Income

Down

-$31,696

Down $133,505 (-131%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2010: $82,048Liabilities 2010: $159Net Assets 2010: $81,8892010Assets 2011: $111,346Liabilities 2011: $1,109Net Assets 2011: $110,2372011Assets 2012: $122,528Liabilities 2012: $189Net Assets 2012: $122,3392012Assets 2013: $71,699Liabilities 2013: $3,350Net Assets 2013: $68,3492013Assets 2014: $170,838Liabilities 2014: $680Net Assets 2014: $170,1582014Assets 2015: $138,882Liabilities 2015: $420Net Assets 2015: $138,4622015Assets 2016: $153,134Liabilities 2016: $1,238Net Assets 2016: $151,8962016Assets 2017: $232,986Liabilities 2017: $827Net Assets 2017: $232,1592017Assets 2018: $417,985Liabilities 2018: $3,248Net Assets 2018: $414,7372018Assets 2019: $386,438Liabilities 2019: $768Net Assets 2019: $385,6702019Assets 2020: $319,529Liabilities 2020: $4,383Net Assets 2020: $315,1462020Assets 2021: $345,679Liabilities 2021: $684Net Assets 2021: $344,9952021Assets 2022: $400,581Liabilities 2022: $57Net Assets 2022: $400,5242022Assets 2023: $341,989Liabilities 2023: $4,347Net Assets 2023: $337,6422023Assets 2024: $359,985Liabilities 2024: $623Net Assets 2024: $359,3622024

Highlighted filing

2015

Assets$138,882
Liabilities$420
Net Assets$138,462
Open 2015 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $129,3732010Expenses 2011: $123,0372011Expenses 2012: $148,3692012Revenue 2013: $91,690Expenses 2013: $145,680Net Income 2013: -$53,9902013Revenue 2014: $263,849Expenses 2014: $162,040Net Income 2014: $101,8092014Revenue 2015: $195,990Expenses 2015: $227,686Net Income 2015: -$31,6962015Revenue 2016: $223,752Expenses 2016: $210,318Net Income 2016: $13,4342016Revenue 2017: $404,917Expenses 2017: $324,654Net Income 2017: $80,2632017Revenue 2018: $510,956Expenses 2018: $328,378Net Income 2018: $182,5782018Revenue 2019: $235,493Expenses 2019: $264,560Net Income 2019: -$29,0672019Revenue 2020: $224,749Expenses 2020: $295,273Net Income 2020: -$70,5242020Revenue 2021: $282,743Expenses 2021: $252,894Net Income 2021: $29,8492021Revenue 2022: $354,843Expenses 2022: $299,314Net Income 2022: $55,5292022Revenue 2023: $263,521Expenses 2023: $326,403Net Income 2023: -$62,8822023Revenue 2024: $402,071Expenses 2024: $380,351Net Income 2024: $21,7202024

Highlighted filing

2015

Revenue$195,990
Expenses$227,686
Net Income-$31,696
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 3, 2016
Return Version
2015v2.1
Gross Receipts
$195,990
Mission and Program Overview

Mission

To provide: a) Programs that enhance

To provide: a) Programs that enhance the health and welfare of children, b)vocational development opportunities for low income people seeking a more secure economic future, c)personal and vocational readiness training for people with disabilities and offer resources for victims of natural disasters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$167,660$135,136▼ $32,524
Cash and Non-Interest-Bearing Accounts$3,178$3,746▲ $568
Total Assets$170,838$138,882▼ $31,956
Liabilities
Accounts Payable and Accrued Expenses$680$420▼ $260
Total Liabilities$680$420▼ $260
Net Assets / Fund Balance
Unrestricted Net Assets$170,158$138,462▼ $31,696
Total Net Assets Fund Balance$170,158$138,462▼ $31,696
Total Liabilities and Net Assets / Fund Balance$170,838$138,882▼ $31,956
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Erik FriendCEOFT$12,000$12,000

Board Members and Trustees

NameTitle
Howard Friend JnrPresident
Brian GibsonBoard Member
Deedee RisherBoard Member
Linda StevensonBoard Member
Elizabeth KilloughSecretary
David FunkhouserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$195,980
Program Service Revenue
$0
Investment Income
$10
Other Revenue
$0
All Other Contributions
$195,980
Change in Net Assets
$-31,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$171,965
Other Expenses$34,449
Salaries, Compensation, and Employee Benefits$21,272
Total Fundraising Expense$4,273
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$156,365--$156,365
Grants to Domestic Individuals$15,600--$15,600
Current Officers, Directors, Trustees, and Key Employees$9,600$1,200$1,200$12,000
Other Employee Benefits$4,579$1,308$654$6,541
Payroll Taxes$2,185$273$273$2,731
Office Expenses$1,947$365$122$2,434
Fees for Services Accounting$0$2,300$0$2,300
Information Technology$377$753$377$1,507
Insurance$0$667$0$667
Advertising$0$0$611$611
Other Expenses$0$356$0$356
Total Functional Expenses$213,287$10,126$4,273$227,686
International Activity

International Summary

Offices
0
Employees
1
Spending
$156,365

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaProgram servicesVocational training01$151,265
Middle EastProgram servicesVocational training00$5,100
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
WellspringKaritas Foundation
EIN
23-2176303
Phone
6106474142
Address
1275 Rose Lane, Berwyn, PA 19312

Signing Officer

Name
Howard Friend
Title
President
Phone
6106474142
Signed
2016-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Howard Friend
Formed
1981
Legal Domicile
Pa
Voting Board Members
1
Independent Board Members
1
Employees
1
Volunteers
10

Preparer

Firm
Julian Sur CPA
Address
675 Lancaster Ave, Berwyn, PA 19312-1636
Preparer
Julian Sur CPA
Phone
6106474833
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The Board President reviews and approves the form 990 and notes his approval of all informational filings in the Board minutes prior to the filing of any returns.”

Pt VI, Line 12C

“Annually the President distributes to the Board, a list of all vendors with whom the Foundation has transacted business. Annually all board members make written disclosures, if any, of all reportable conflicts on a disclosure statement. The President reviews and approves all completed forms in accordance with the Foundation's conflict of interest policy.”

Pt VI, Line 2

“The executive director of the Foundation is the son of the President and received a wage of $9,000.”

Pt VI, Line 15A

“The wage of the executive director is considered to be consistent with market levels.”

Pt VI, Line 15B

“The wage of the executive director is considered to be reasonable.”

Pt VI, Line 19

“The President makes available, the governing documents, conflict of interest policy and financial statements, upon written request within 3 business days.”

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0151265
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt15100
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0North America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Middle East
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Vocational training
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1Vocational training
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0151265
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt15100
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Aid
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1Aid
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Aid self help
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1Aid self help
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Central America
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1Middle East
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt01
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0156365
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0The executive director is on site at all locations where the grants are funded and ensures the funds are used for the mission of the Foundation.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleF/Total501c3OrgCnt02
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0156365
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt015600
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Home renovations
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board President reviews and approves the form 990 and notes his approval of all informational filings in the Board minutes prior to the filing of any returns.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annually the President distributes to the Board, a list of all vendors with whom the Foundation has transacted business. Annually all board members make written disclosures, if any, of all reportable conflicts on a disclosure statement. The President reviews and approves all completed forms in accordance with the Foundation's conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The executive director of the Foundation is the son of the President and received a wage of $9,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The wage of the executive director is considered to be consistent with market levels.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The wage of the executive director is considered to be reasonable.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The President makes available, the governing documents, conflict of interest policy and financial statements, upon written request within 3 business days.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0170838
IRS990/TotalAssetsEOYAmt0138882
IRS990/TotalAssetsGrp/BOYAmt0170838
IRS990/TotalAssetsGrp/EOYAmt0138882
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0195980
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04273
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010126
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0213287
IRS990/TotalFunctionalExpensesGrp/TotalAmt0227686
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0680
IRS990/TotalLiabilitiesEOYAmt0420
IRS990/TotalLiabilitiesGrp/BOYAmt0680
IRS990/TotalLiabilitiesGrp/EOYAmt0420
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0170158
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0138462
IRS990/TotalProgramServiceExpensesAmt0213287
IRS990/TotalReportableCompFromOrgAmt012000
IRS990/TotalRevenueGrp/ExclusionAmt010
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0195990
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0170838
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0138882
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0170158
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0138462
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01275 Rose Lane
IRS990/USAddress/CityNm0Berwyn
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019312
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0www.KaritasFoundation.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HOWARD FRIEND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06106474142
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WellspringKaritas Foundation
ReturnHeader/Filer/BusinessNameControlTxt0WELL
ReturnHeader/Filer/EIN0232176303
ReturnHeader/Filer/PhoneNum06106474142
ReturnHeader/Filer/USAddress/AddressLine1Txt01275 Rose Lane
ReturnHeader/Filer/USAddress/CityNm0Berwyn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019312
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Julian Sur CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0675 Lancaster Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Berwyn
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$138,882
Liabilities
$420
Net assets
$138,462
Revenue
$195,990
Expenses
$227,686
Net income
-$31,696
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.60$0.01$3.59$4.02$3.80$0.22
2023Detailed filing. Detailed filing data is available for this year.$3.42$0.04$3.38$2.64$3.26$0.63
2022Detailed filing. Detailed filing data is available for this year.$4.01$0.00$4.01$3.55$2.99$0.56
2021Detailed filing. Detailed filing data is available for this year.$3.46$0.01$3.45$2.83$2.53$0.30
2020Detailed filing. Detailed filing data is available for this year.$3.20$0.04$3.15$2.25$2.95$0.71
2019Detailed filing. Detailed filing data is available for this year.$3.86$0.01$3.86$2.35$2.65$0.29
2018Detailed filing. Detailed filing data is available for this year.$4.18$0.03$4.15$5.11$3.28$1.83
2017Detailed filing. Detailed filing data is available for this year.$2.33$0.01$2.32$4.05$3.25$0.80
2016Detailed filing. Detailed filing data is available for this year.$1.53$0.01$1.52$2.24$2.10$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.38$1.96$2.28$0.32
2014Detailed filing. Detailed filing data is available for this year.$1.71$0.01$1.70$2.64$1.62$1.02
2013Detailed filing. Detailed filing data is available for this year.$0.72$0.03$0.68$0.92$1.46$0.54
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.00$1.22$1.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.01$1.10$1.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.00$0.82$1.29