Civic Intelligence

Wellspring Karitas Foundation

990 • Fiscal year 2019 • EIN 23-2176303

Jan 01, 2019 to Dec 31, 2019 • Filed on May 12, 2020

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

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

21st percentile

-12%

Higher net margin than 21% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

96th percentile

$68,679

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 29.2% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

32nd percentile

-7.5%

Faster asset growth than 32% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

9th percentile

-54%

Faster revenue growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$386,438

Down $31,547 (-7.5%) from 2018

Net Assets

Down

$385,670

Down $29,067 (-7.0%) from 2018

Liabilities

Down

$768

Down $2,480 (-76%) from 2018

Revenue

Down

$235,493

Down $275,463 (-54%) from 2018

Expenses

Down

$264,560

Down $63,818 (-19%) from 2018

Net Income

Down

-$29,067

Down $211,645 (-116%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$386,438
Liabilities$768
Net Assets$385,670

Operations Trend

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

2019

Revenue$235,493
Expenses$264,560
Net Income-$29,067
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 12, 2020
Return Version
2019v5.1
Gross Receipts
$235,493
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)See attached note

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$413,567$368,688▼ $44,879
Land, Buildings, and Equipment, Net-$12,512-
Cash and Non-Interest-Bearing Accounts$4,418$5,238▲ $820
Total Assets$417,985$386,438▼ $31,547
Liabilities
Accounts Payable and Accrued Expenses$3,248$768▼ $2,480
Total Liabilities$3,248$768▼ $2,480
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$414,737$385,670▼ $29,067
Total Net Assets Fund Balance$414,737$385,670▼ $29,067
Total Liabilities and Net Assets / Fund Balance$417,985$386,438▼ $31,547

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,512$2,500-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Erik FriendCEOFT$60,000$8,679$68,679

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
$230,875
Program Service Revenue
$0
Investment Income
$4,618
Other Revenue
$0
All Other Contributions
$230,875
Change in Net Assets
$-29,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$154,200
Salaries, Compensation, and Employee Benefits$73,508
Other Expenses$36,852
Total Fundraising Expense$10,167
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$145,600--$145,600
Current Officers, Directors, Trustees, and Key Employees$42,000$12,000$6,000$60,000
Travel$6,846$1,956$978$9,780
Other Employee Benefits$6,075$1,736$868$8,679
Grants to Domestic Orgs$8,600--$8,600
Payroll Taxes$3,380$966$483$4,829
Office Expenses$308$2,467$308$3,083
Fees for Services Accounting$0$2,950$0$2,950
Depreciation Depletion$1,750$500$250$2,500
Other Expenses$1,401$400$201$2,002
Insurance$915$261$131$1,307
Advertising$0$0$115$115
Total Functional Expenses$230,169$24,224$10,167$264,560
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Urban EducationPhiladelphia, PA501(c)(3)Domestic aid$8,600

International Summary

Offices
0
Employees
1
Spending
$143,600

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 AmericaGrants to recipientsSee Sch F part II01$143,600
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 35% controlled entity
No
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
2020-05-12
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
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 $60,000.

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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IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.55860
IRS990ScheduleA/PublicSupportTotal170Amt0901663
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0660623
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0230875
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0506847
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0404855
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0223729
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0195980
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01562286
IRS990ScheduleA/TotalSupportAmt01571108
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt012512
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02500
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt015012
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012512
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0143600
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0North America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0See Sch F part II
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grants to recipients
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt075000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt120900
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt247700
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Grants
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1Grants
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2Grants
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0See note
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1See note
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2See note
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0North America
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1North America
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2North America
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt01
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0143600
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0See attached note.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleF/Total501c3OrgCnt00
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt03
IRS990ScheduleF/TotalSpentAmt0143600
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt08600
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Domestic aid
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Urban Education
IRS990ScheduleI/RecipientTable/RecipientEIN0821945121
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04715 Pulaski Avenue
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Philadelphia
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd019144
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc00
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
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 $60,000.
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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0417985
IRS990/TotalAssetsEOYAmt0386438
IRS990/TotalAssetsGrp/BOYAmt0417985
IRS990/TotalAssetsGrp/EOYAmt0386438
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0230875
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010167
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024224
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0230169
IRS990/TotalFunctionalExpensesGrp/TotalAmt0264560
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03248
IRS990/TotalLiabilitiesEOYAmt0768
IRS990/TotalLiabilitiesGrp/BOYAmt03248
IRS990/TotalLiabilitiesGrp/EOYAmt0768
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0414737
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0385670
IRS990/TotalOtherCompensationAmt08679
IRS990/TotalProgramServiceExpensesAmt0230169
IRS990/TotalReportableCompFromOrgAmt060000

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Filings

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