Civic Intelligence

Wellspring Karitas Foundation

990 • Fiscal year 2023 • EIN 23-2176303

Jan 01, 2023 to Dec 31, 2023 • Filed on May 06, 2024

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

67th percentile

0.01x

Higher debt load relative to assets than 67% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

17th percentile

-24%

Higher net margin than 17% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

95th percentile

$67,250

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 25.5% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

27th percentile

-15%

Faster asset growth than 27% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

21st percentile

-26%

Faster revenue growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$341,989

Down $58,592 (-15%) from 2022

Net Assets

Down

$337,642

Down $62,882 (-16%) from 2022

Liabilities

Up

$4,347

Up $4,290 (+7526%) from 2022

Revenue

Down

$263,521

Down $91,322 (-26%) from 2022

Expenses

Up

$326,403

Up $27,089 (+9.1%) from 2022

Net Income

Down

-$62,882

Down $118,411 (-213%) from 2022

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

2023

Assets$341,989
Liabilities$4,347
Net Assets$337,642

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

2023

Revenue$263,521
Expenses$326,403
Net Income-$62,882
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 6, 2024
Return Version
2023v5.1
Gross Receipts
$263,521
Mission and Program Overview

Mission

To provide: a) Programs that enhance

The Foundation partners with Mexican communities on social, educational, and economic revitalization projects. In collaboration with local efforts, Karitas develops programs, provides technical assistance, and leverages financial support in a spirit of democracy and reciprocity, empowering people to improve their lives and to assist one another in their individual and collective liberation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$357,674$319,880▼ $37,794
Cash and Non-Interest-Bearing Accounts$42,907$22,109▼ $20,798
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$400,581$341,989▼ $58,592
Liabilities
Accounts Payable and Accrued Expenses$57$4,347▲ $4,290
Total Liabilities$57$4,347▲ $4,290
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$400,524$337,642▼ $62,882
Total Net Assets Fund Balance$400,524$337,642▼ $62,882
Total Liabilities and Net Assets / Fund Balance$400,581$341,989▼ $58,592

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$15,012-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Erik FriendPresidentFT$67,250$67,250

Board Members and Trustees

NameTitle
Sandra ForbesChair of the Board
Jim HatfieldBoard Member
Laura Wilson-MentingBoard Member
Linda StevensonBoard Member
Howard Friend JnrFounder
Deedee RisherSecretary
David FunkhouserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$248,875
Program Service Revenue
$0
Investment Income
$14,646
Other Revenue
$0
All Other Contributions
$248,875
Change in Net Assets
$-62,882
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$186,254
Salaries, Compensation, and Employee Benefits$89,191
Other Expenses$50,958
Total Fundraising Expense$13,164
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$186,254--$186,254
Current Officers, Directors, Trustees, and Key Employees$47,075$13,450$6,725$67,250
Other Employee Benefits$11,391$3,254$1,627$16,272
Travel$7,751$2,215$1,107$11,073
Office Expenses$701$5,606$701$7,008
Payroll Taxes$3,968$1,134$567$5,669
Fees for Services Accounting$0$3,650$0$3,650
Other Expenses$1,281$366$183$1,830
Insurance$863$247$123$1,233
Advertising$0$0$806$806
Total Functional Expenses$281,878$31,361$13,164$326,403
International Activity

International Summary

Offices
0
Employees
1
Spending
$186,254

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$186,254
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
Erik Friend
Title
President
Phone
6106474142
Signed
2024-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Friend
Formed
1981
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
6
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 President of the Foundation is the son of the Founder and received a wage of $67,250.

Pt VI, Line 15A

The wage of the President is considered to be consistent with market levels.

Pt VI, Line 15B

The wage of the President 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/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt014646
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02254
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04407
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01297
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04618
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt027222
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.68110
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.63740
IRS990ScheduleA/PublicSupportTotal170Amt0927150
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0406976
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0248875
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0352589
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0278335
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0223452
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0230875
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01334126
IRS990ScheduleA/TotalSupportAmt01361348
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/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015012
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt015012
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0186254
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/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/SubtotalSpentAmt0186254
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0See attached note.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleF/Total501c3OrgCnt03
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0186254
IRS990ScheduleF/TransferToForeignCorpInd0false
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 President of the Foundation is the son of the Founder and received a wage of $67,250.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The wage of the President is considered to be consistent with market levels.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The wage of the President 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0400581
IRS990/TotalAssetsEOYAmt0341989
IRS990/TotalAssetsGrp/BOYAmt0400581
IRS990/TotalAssetsGrp/EOYAmt0341989
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0248875
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013164
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031361
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0281878
IRS990/TotalFunctionalExpensesGrp/TotalAmt0326403
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt057
IRS990/TotalLiabilitiesEOYAmt04347
IRS990/TotalLiabilitiesGrp/BOYAmt057
IRS990/TotalLiabilitiesGrp/EOYAmt04347
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0400524
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0337642
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0281878
IRS990/TotalReportableCompFromOrgAmt067250
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014646
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0263521
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0400581
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0341989
IRS990/TotReportableCompRltdOrgAmt00

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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