Civic Intelligence

Wellspring Second Chance Center

990EZ • Fiscal year 2021 • EIN 26-3277422

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 25, 2022

6910 115 1/2 Ave NChampelin, MN 55316

(612) 296-2895

Siviq Scores

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

Liabilities / Assets

74th percentile

0.07x

Higher debt load relative to assets than 74% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.03x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

56th percentile

13%

Higher net margin than 56% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

88th percentile

$10,000

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

60th percentile

13%

Faster asset growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

70th percentile

35%

Faster revenue growth than 70% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$75,548

Up $8,812 (+13%) from 2020

Net Assets

Up

$70,426

Up $3,690 (+5.5%) from 2020

Liabilities

$5,122

No earlier filing loaded for comparison.

Revenue

Up

$173,664

Up $44,688 (+35%) from 2020

Expenses

Up

$151,063

Up $54,065 (+56%) from 2020

Net Income

Down

$22,601

Down $9,377 (-29%) from 2020

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2013: $4,362Net Assets 2013: $4,3622013Assets 2014: $4,660Net Assets 2014: $4,6602014Assets 2015: $9,643Net Assets 2015: $9,6432015Assets 2016: $14,610Net Assets 2016: $14,6102016Assets 2017: $10,432Net Assets 2017: $10,4322017Assets 2018: $17,789Net Assets 2018: $17,7892018Assets 2019: $34,758Net Assets 2019: $34,7582019Assets 2020: $66,736Net Assets 2020: $66,7362020Assets 2021: $75,548Liabilities 2021: $5,122Net Assets 2021: $70,4262021Assets 2022: $115,862Liabilities 2022: $42,835Net Assets 2022: $73,0272022Assets 2023: $113,450Liabilities 2023: $44,253Net Assets 2023: $69,1972023Assets 2024: $97,557Liabilities 2024: $25,570Net Assets 2024: $71,9872024

Highlighted filing

2021

Assets$75,548
Liabilities$5,122
Net Assets$70,426

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2013: $6,989Expenses 2013: $3,127Net Income 2013: $3,8622013Revenue 2014: $20,583Expenses 2014: $20,285Net Income 2014: $2982014Revenue 2015: $29,148Expenses 2015: $24,165Net Income 2015: $4,9832015Revenue 2016: $48,729Expenses 2016: $43,762Net Income 2016: $4,9672016Revenue 2017: $45,511Expenses 2017: $49,626Net Income 2017: -$4,1152017Revenue 2018: $57,221Expenses 2018: $49,864Net Income 2018: $7,3572018Revenue 2019: $63,499Expenses 2019: $46,530Net Income 2019: $16,9692019Revenue 2020: $128,976Expenses 2020: $96,998Net Income 2020: $31,9782020Revenue 2021: $173,664Expenses 2021: $151,063Net Income 2021: $22,6012021Revenue 2022: $429,384Expenses 2022: $438,997Net Income 2022: -$9,6132022Revenue 2023: $695,096Expenses 2023: $698,607Net Income 2023: -$3,5112023Revenue 2024: $625,261Expenses 2024: $561,313Net Income 2024: $63,9482024

Highlighted filing

2021

Revenue$173,664
Expenses$151,063
Net Income$22,601
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 25, 2022
Return Version
2021v4.0
Gross Receipts
$173,664
Mission and Program Overview

Mission

Program consist of group sessions and activites that assist youth ages 9 to 27 to develop the life skills sets, knowledge and values necessary to eliminate some of the elements/barriers to success and lessens their liklihood of becoming in the juvinile justice system or fall prey to intergenerational incarceration - adult fishers of men program provide psycho-educational intervention and prevention programing

The Well Spring Second Chance Center Mission is to shepherd community resources, meet basic needs, promote self-sufficiency, assist and protect the vulnerable, formerly incarcerated, marginalized persons, and preserve families through the efficient and cost-effective delivery of services expertise, crisis management and with an emphasis in the area of improving lives of ex-offenders.

Program Services

DescriptionGrantsExpenses
Wellspring Second Chance center provides services to 10 adults and 5 youths weekly through Urban Adventures-$38,563
The domestic violence survivor?s program is held on Monday mornings and 5 women are currently enrolled. 11 sessions in total are held for both men and women. Those who are enrolled in Domestic violence programming are eligible to work with our housing and employment specialist. 5 individuals have applied for housing and 1 individual has successfully landed a job through this program.-$26,994
Turning Point has collaborated with Wellspring, and 16 people are enrolled in that program, while 15 people are enrolled in our community's anger management program. In this program, 31 people are served.-$7,713
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DESERIA GALLOWAYCEOPT$10,000-$10,000
LILENE MOOREDirector-$0--
HENRY GALLOWAYDirector-$0--
DEVON GILCHRISTDirector-$0--
LUCIUS LUTHERDirector-$0--
MASTAFA SHABAZZChairman-$0--
Filing and Contact Details

Filer

Filer Name
Wellspring Second Chance
EIN
26-3277422
Phone
6122962895
Address
6910 115 1/2 AVE N, CHAMPELIN, MN 55316

Signing Officer

Name
Deseria Galloway
Title
CEO
Signed
2022-09-25
Discuss with paid preparer
No

Preparer

Firm
KW Accounting Solutions
Address
11 Deer Path Pl, Sacramento, CA 95835
Preparer
Kay Worthington
Phone
9162346368
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $233

Other Expenses.1002

Office Expenses $7874

Other Expenses.1003

Information Technology $12603

Other Expenses.1005

Travel $736

Other Expenses.1012

Insurance $9933

Other Expenses.1

Rent and other expenses $31922

Other Assets.1001

Automobiles - Beginning $20161 Automobiles - Ending $13173

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $821

Total Liabilities.1

Payroll - Beginning $0 Payroll - Ending $4301

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