Civic Intelligence

Wellspring Ministries Malawi Inc

990 • Fiscal year 2016 • EIN 47-2829072

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 17, 2017

PO Box 1471Pinellas Park, FL 33780

(321) 337-4262

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

37th percentile

-1.3%

Higher net margin than 37% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

91st percentile

$45,918

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 48.3% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

33rd percentile

-6.8%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

28th percentile

-15%

Faster revenue growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$16,635

Down $1,216 (-6.8%) from 2015

Net Assets

Down

$16,635

Down $1,216 (-6.8%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$94,997

Down $17,418 (-15%) from 2015

Expenses

Down

$96,213

Down $17,368 (-15%) from 2015

Net Income

Down

-$1,216

Down $50 (-4.3%) from 2015

Historical Trend

Balance Sheet Trend

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

$20K$15K$10K$5.0K$0Assets 2015: $17,851Liabilities 2015: $0Net Assets 2015: $17,8512015Assets 2016: $16,635Liabilities 2016: $0Net Assets 2016: $16,6352016Assets 2017: $1,472Liabilities 2017: $0Net Assets 2017: $1,4722017Assets 2018: $1,005Liabilities 2018: $0Net Assets 2018: $1,0052018

Highlighted filing

2016

Assets$16,635
Liabilities$0
Net Assets$16,635

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2015: $112,415Expenses 2015: $113,581Net Income 2015: -$1,1662015Revenue 2016: $94,997Expenses 2016: $96,213Net Income 2016: -$1,2162016Revenue 2017: $62,450Expenses 2017: $77,613Net Income 2017: -$15,1632017Revenue 2018: $22,335Expenses 2018: $27,826Net Income 2018: -$5,4912018

Highlighted filing

2016

Revenue$94,997
Expenses$96,213
Net Income-$1,216
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 17, 2017
Return Version
2016v3.0
Gross Receipts
$94,997
Mission and Program Overview

Mission

Wellspring Ministries Malawi Inc seeks to share the love of Christ through services and training that assist in the ongoing holistic transformation of individuals and communities.

We seek to share the love of Christ through services and training that assist in the ongoing transformation of individuals and communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$17,851$16,620▼ $1,231
Receivables From Officers Etc-$15-
Total Assets$17,851$16,635▼ $1,216
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$17,851$16,635▼ $1,216
Total Net Assets Fund Balance$17,851$16,635▼ $1,216
Total Liabilities and Net Assets / Fund Balance$17,851$16,635▼ $1,216
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Larry RenfroDirectorFT$45,918$45,918

Board Members and Trustees

NameTitle
Gary E OuversonBoard Chairman
Chris StolzeVice Chairman
Carole DawsonBoard Member
Larry WestBoard Member
Pete VerkruyseBoard Member
Rosemary RenfroFinanceHR Director
Tom DawsonForwarding AgentTreas
Becky StolzeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$94,496
Program Service Revenue
$500
Investment Income
$1
Other Revenue
$0
All Other Contributions
$94,496
Change in Net Assets
$-1,216
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$45,918
Grants and Similar Amounts Paid$33,969
Other Expenses$16,326
Total Fundraising Expense$8,329
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$45,918--$45,918
Foreign Grants$33,969--$33,969
Travel--$7,996$7,996
Office Expenses-$3,592-$3,592
Fees for Services Accounting-$3,028-$3,028
Other Expenses-$1,203-$1,203
Advertising-$174$333$507
Total Functional Expenses$79,887$7,997$8,329$96,213
International Activity

International Summary

Offices
1
Employees
2
Spending
$33,969

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
Sub-Saharan AfricaBuilding wells in MalawiBuilding wells and pumps12$33,969
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Larryrosemary RenfroBoard MembersMissionary supportNo$45,918
Larryrosemary RenfroBoard MembersGrants/assistance made to org.No$33,969

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$15-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Part VI Line 11B

See Schedule O.

Part VI Line 19

Upon request

Part VI, Section B, Line 11B

The tax preparer provides the questions for the board of directors,

Part VI, Section B, Line 11B

and then the board of directors give input regarding the details of the

Part VI, Section B, Line 11B

organization. After the tax preparer files form 990, with the IRS a copy

Part VI, Section B, Line 11B

is provided to the board of directors.

Part VI Section B Line 12C

The board has the responsibility to discuss any transactions or review any

Part VI Section B Line 12C

potential conflicts of interest that might arise in the organization.

Part VI Section B Line 12C

In connection with any actual or possible conflict of interest, an

Part VI Section B Line 12C

interested person must disclose the existence of the financial interest

Part VI Section B Line 12C

and be given the opportunity to disclose all material facts to the

Part VI Section B Line 12C

directors considering the proposed transaction arrangement. After

Part VI Section B Line 12C

disclosure, the other board members will discuss and decide whether a

Part VI Section B Line 12C

a conflict of interest exists and then decide on the best possible

Part VI Section B Line 12C

resolution for the organization.

Part VII Section A

The organization gave compensation in the amount of $45,918 to the Renfro

Part VII Section A

Family Ministries Partnership for missionary support in which both Larry

Part VII Section A

Rosemary Renfro are both partners.

Filing and Contact Details

Filer

Filer Name
Wellspring Ministries Malawi Inc
EIN
47-2829072
In Care Of
% Rosemary Renfro
Phone
3213374262
Address
PO Box 1471, Pinellas Park, FL 33780

Signing Officer

Name
Rosemary Renfro
Title
FinanceHR Director
Phone
3213374262
Signed
2017-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rosemary M Renfro
Formed
2015
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
Missionary Tax & Consulting Ltd
Address
1430 Haines Ave 108-172, Rapid City, SD 57701
Preparer
William W Morgan Iv CPA
Phone
3172157110
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Two of our board members, Larry and Rosemary Renfro serve as missionaries
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1in the region as they monitor the funds that are dispersed from Wellspring
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt2Ministries Malawi Inc. to Wellspring Ministries, a Malawi non-profit org.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt3Our organization incurred expenses and directly made payments to Wellspring
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt4Ministries in Malawi totaling $33,969 using a cash method of accounting.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd4false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd5false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd6false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd7false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd8false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd9false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt045918
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt133969
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Missionary support
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Grants/assistance made to org.
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd0false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd1false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd2false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd3false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd4false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt015
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd6false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd7false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd8false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd9false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd6false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd7false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd8false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd9false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Exp reimb
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt015
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0BECKY STOLZE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd6false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd7false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd8false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd9false
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Becky Stolze, a board member, owes $15 for payment of personal expenses.
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt1The organization issued a 1099 for missionary support to Renfro Family
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt2Ministries Partnership which Larry and Rosemary Renfro are both partners.
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt3Larry and Rosemary Renfro serve as members of the Board of Trustees of
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt4Wellspring Ministries, a non-profit Malawi organization. Grants and
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt5assistance are made from our organization to Wellspring Ministries
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt6(Malawi organization).
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II Line 1
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc1Part IV Line 1
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc2Part IV Line 1
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc3Part IV Line 2
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc4Part IV Line 2
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc5Part IV Line 2
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc6Part IV Line 2
IRS990ScheduleL/TotalBalanceDueAmt015
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0See Schedule O.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The tax preparer provides the questions for the board of directors,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3and then the board of directors give input regarding the details of the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4organization. After the tax preparer files form 990, with the IRS a copy
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5is provided to the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The board has the responsibility to discuss any transactions or review any
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7potential conflicts of interest that might arise in the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8In connection with any actual or possible conflict of interest, an
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9interested person must disclose the existence of the financial interest
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10and be given the opportunity to disclose all material facts to the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11directors considering the proposed transaction arrangement. After
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12disclosure, the other board members will discuss and decide whether a
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13a conflict of interest exists and then decide on the best possible
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14resolution for the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15The organization gave compensation in the amount of $45,918 to the Renfro
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Family Ministries Partnership for missionary support in which both Larry
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Rosemary Renfro are both partners.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VI Section B Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part VI Section B Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part VI Section B Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Part VI Section B Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Part VI Section B Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Part VI Section B Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Part VI Section B Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Part VI Section B Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Part VI Section B Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Part VII Section A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Part VII Section A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Part VII Section A
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt017851
IRS990/TotalAssetsEOYAmt016635
IRS990/TotalAssetsGrp/BOYAmt017851

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