Civic Intelligence

Wellspring Interfaith Social Services Inc.

990 • Fiscal year 2021 • EIN 51-0151621

Jan 01, 2021 to Dec 31, 2021 • Filed on May 17, 2022

1316 BroadwayFort Wayne, IN 46802

(260) 422-6618

Siviq Scores

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

Liabilities / Assets

41st percentile

0.03x

Higher debt load relative to assets than 41% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

37th percentile

0.04x

Higher debt load relative to revenue than 37% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

69th percentile

26%

Higher net margin than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

64th percentile

$87,679

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

65th percentile

18%

Faster asset growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

86th percentile

93%

Faster revenue growth than 86% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,217,192

Up $187,545 (+18%) from 2020

Net Assets

Up

$1,176,649

Up $277,625 (+31%) from 2020

Liabilities

Down

$40,543

Down $90,080 (-69%) from 2020

Revenue

Up

$1,077,876

Up $520,355 (+93%) from 2020

Expenses

Up

$800,251

Up $68,286 (+9.3%) from 2020

Net Income

Up

$277,625

Up $452,069 (+259%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,153,456Liabilities 2010: $37,421Net Assets 2010: $1,116,0352010Assets 2011: $1,239,083Liabilities 2011: $43,415Net Assets 2011: $1,195,6682011Assets 2012: $1,061,905Liabilities 2012: $43,767Net Assets 2012: $1,018,1382012Assets 2013: $915,005Liabilities 2013: $49,166Net Assets 2013: $865,8392013Assets 2014: $1,513,087Liabilities 2014: $53,942Net Assets 2014: $1,459,1452014Assets 2015: $1,406,031Liabilities 2015: $20,790Net Assets 2015: $1,385,2412015Assets 2016: $1,284,371Liabilities 2016: $32,668Net Assets 2016: $1,251,7032016Assets 2017: $1,117,377Liabilities 2017: $31,029Net Assets 2017: $1,086,3482017Assets 2018: $1,450,424Liabilities 2018: $28,571Net Assets 2018: $1,421,8532018Assets 2019: $1,096,039Liabilities 2019: $22,571Net Assets 2019: $1,073,4682019Assets 2020: $1,029,647Liabilities 2020: $130,623Net Assets 2020: $899,0242020Assets 2021: $1,217,192Liabilities 2021: $40,543Net Assets 2021: $1,176,6492021Assets 2022: $805,016Liabilities 2022: $57,121Net Assets 2022: $747,8952022Assets 2023: $1,164,835Liabilities 2023: $114,765Net Assets 2023: $1,050,0702023Assets 2024: $1,024,831Liabilities 2024: $46,082Net Assets 2024: $978,7492024

Highlighted filing

2021

Assets$1,217,192
Liabilities$40,543
Net Assets$1,176,649

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $651,5352010Expenses 2011: $682,5342011Revenue 2012: $500,808Expenses 2012: $678,338Net Income 2012: -$177,5302012Revenue 2013: $542,134Expenses 2013: $694,433Net Income 2013: -$152,2992013Revenue 2014: $1,320,503Expenses 2014: $729,383Net Income 2014: $591,1202014Revenue 2015: $674,271Expenses 2015: $748,175Net Income 2015: -$73,9042015Revenue 2016: $687,057Expenses 2016: $820,595Net Income 2016: -$133,5382016Revenue 2017: $727,709Expenses 2017: $893,064Net Income 2017: -$165,3552017Revenue 2018: $1,231,377Expenses 2018: $895,872Net Income 2018: $335,5052018Revenue 2019: $502,433Expenses 2019: $850,818Net Income 2019: -$348,3852019Revenue 2020: $557,521Expenses 2020: $731,965Net Income 2020: -$174,4442020Revenue 2021: $1,077,876Expenses 2021: $800,251Net Income 2021: $277,6252021Revenue 2022: $628,606Expenses 2022: $1,057,360Net Income 2022: -$428,7542022Revenue 2023: $1,232,085Expenses 2023: $954,802Net Income 2023: $277,2832023Revenue 2024: $991,869Expenses 2024: $1,063,190Net Income 2024: -$71,3212024

Highlighted filing

2021

Revenue$1,077,876
Expenses$800,251
Net Income$277,625
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 17, 2022
Return Version
2021v4.0
Gross Receipts
$1,077,876
Mission and Program Overview

Mission

People of faith serving the social, physical and educational needs of fort wayne's central city. The agency operates a food and clothing bank and programs for older adults and youth.

People of faith serving the social, physical and educational needs of fort wayne's central city and beyond. The agency operates a food and clothing bank, and programs for older adults and youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$284,250$467,587▲ $183,337
Land, Buildings, and Equipment, Net$493,486$466,846▼ $26,640
Savings and Temporary Cash Investments$182,182$171,770▼ $10,412
Cash and Non-Interest-Bearing Accounts$58,724$72,666▲ $13,942
Accounts Receivable-$29,326-
Prepaid Expenses and Deferred Charges$11,005$8,997▼ $2,008
Total Assets$1,029,647$1,217,192▲ $187,545
Liabilities
Other Liabilities$85,800--
Accounts Payable and Accrued Expenses$44,823$40,543▼ $4,280
Total Liabilities$130,623$40,543▼ $90,080
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$605,019$680,357▲ $75,338
Net Assets With Donor Restrictions$294,005$496,292▲ $202,287
Total Net Assets Fund Balance$899,024$1,176,649▲ $277,625
Total Liabilities and Net Assets / Fund Balance$1,029,647$1,217,192▲ $187,545

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$267,817$547,857$815,674
Equipment$42,569$160,416$202,985
Land$151,421-$151,421
Leasehold Improvements$5,039$13,882$18,921
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melissa RinehartExecutive DiFT$85,613$2,066$87,679

Board Members and Trustees

NameTitle
Rachel Tobin-smithPresident
Ann SpannDirector
Dan MichaelDirector
Dr Leonard MastbaumDirector
JENEE' JOHNSONDirector
Jeffrey GriggsDirector
John ReimboldDirector
Lisa WestonDirector
Mitchell BerryDirector
Scott MillerDirector
Steve McmichaelDirector
Steve SmethersDirector
Abigail NoblePast-preside
Ashley HandSecretary
Ethan BrownTreasurer
Faith Van GilderVice Preside
Terri LindvallVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,001,388
Program Service Revenue
$47,718
Investment Income
$110
Other Revenue
$28,660
All Other Contributions
$766,027
Change in Net Assets
$277,625

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,077,876
Total Revenue per Audited Statements
$1,077,876
Total Revenue per Form 990
$1,077,876
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$528,800
Other Expenses$271,451
Total Fundraising Expense$32,020
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$337,390$55,058$4,506$396,954
Current Officers, Directors, Trustees, and Key Employees$34,254$34,404$17,127$85,785
Occupancy$37,967$8,035-$46,002
Payroll Taxes$31,308$7,430$1,684$40,422
Depreciation Depletion$32,176$6,457-$38,633
Fees for Services Other$14,137$9,074$6,630$29,841
Travel$23,603$190-$23,793
Insurance$20,416$2,877$491$23,784
Office Expenses$18,483$2,687$468$21,638
Advertising$7,187$3,224$444$10,855
Information Technology$9,037$1,226$381$10,644
Fees for Services Accounting-$10,518-$10,518
Conferences and Meetings$5,799$1,299$246$7,344
Other Employee Benefits$4,041$1,555$43$5,639
Other Expenses$1,041$1,628-$2,669
Total Functional Expenses$622,569$145,662$32,020$800,251

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$800,251
Total Expenses per Audited Statements$800,251
Total Expenses per Form 990$800,251
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 is distributed to the finance committee and executive committee for review.

Form 990, Page 6, Part VI, Line 12C

Early in each year, directors are asked to sign a conflict of interest policy. There is also one for staff. Any potential conflicts are discussed at the finance committee meetings, which are held every other month.

Form 990, Page 6, Part VI, Line 15A

The executive committee annually reviews and evaluates the executive director's performance and then makes a recommendation on any salary adjustment. The salary is approved by the executive committee. Board members' experience on other not-for-profit boards influences salary levels as well as their knowledge of not-for-profit executive directors salaries which are periodically published.

Form 990, Page 6, Part VI, Line 18

The organization's irs form 990 for the prior three years is available at www.guidestar.org.

Form 990, Page 6, Part VI, Line 19

Wellspring publishes an annual report, which is available on its website, that contains specific financial and program information. Additional information is provided upon request.

Filing and Contact Details

Filer

Filer Name
Wellspring Interfaith Social
EIN
51-0151621
Phone
2604226618
Address
1316 BROADWAY, FORT WAYNE, IN 46802

Signing Officer

Name
Melissa Rinehart
Title
Executive Director
Phone
2604226618
Signed
2022-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Rinehart
Formed
1974
Legal Domicile
In
Voting Board Members
17
Independent Board Members
17
Employees
61
Volunteers
123

Preparer

Firm
Dulin Ward & Dewald Inc
Address
9921 DUPONT CIRCLE DR W 300, FORT WAYNE, IN 46825-1610
Preparer
Carrie B Minnich CPA
Phone
2604232414
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Summer day camp youth summer day camp is a longstanding tradition at wellspring. Conducted at four sites in 2021, 235 youth from pre-k to high school benefited from this six-week summer day camp. Activities ranged from field trips, to walks, to science activities and more. Relationships have always remained at the core of this program. In fact, eight staff members were former campers themselves last year. After-school program relationships are also the focus of the after-school program. A small staff-to-child ratio is maintained so that staff get to know the youth and their families well. Carefully planned activities, such as arts and crafts, exercise, tutoring and snacks/meals make these important after-school hours action-packed. 50 enrolled youth "this program has been a lifesaver. Keeps kids safe and supervised versus being home alone." 235 enrolled campers

Form 990, Page 2, Part III, Line 4C

Wellspring's food bank remains one of the most accessible food pantries in allen county. Clients no longer need to show a form of identification, therefore, the food bank is open to anyone every 30 days. Open five days a week and the second saturday of the month, 1,650 families were served in 2021 totaling 5,364 clients that received 50,000 pounds of distributed food. Increasing grocery prices brought many new families to wellspring last year. Wellspring on wheels (wow) our mobile food pantry, 'wow', partnered with churches, a township trustee, a mobile home park, a public library, a non- profit and an apartment complex in 2021. Each of these sites were located in carefully selected areas with food deserts. In fact an impressive 27 tons of product - including food, hygiene items and diapers - was distributed to 12,590 clients. Wow is a mobile superpower helping food insecure neighbors all around the county and is open to anyone in need. 17,954 food insecure clients were served 51 tons of food was distributed 85,848 total number of meals.

Form 990, Page 2, Part III, Line 4D

Wellspring shoppe: it was great to be back in the full swing of things at the wellspring shoppe. This donation-based clothing boutique received a significant amount of clothing and apparel donations in 2021, so much so the shoppe received an organizational facelift. Wellspring also took the shoppe on the road for part of the year, piggybacking at the wow distribution sites. Clients were thrilled to receive quality clothing alongside food, hygiene items, and diapers 22,660 items of clothing, ranging from work attire to wedding dresses, were distributed to 4,595 grateful clients

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IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990/MissionDesc0PEOPLE OF FAITH SERVING THE SOCIAL, PHYSICAL AND EDUCATIONAL NEEDS OF FORT WAYNE'S CENTRAL CITY. THE AGENCY OPERATES A FOOD AND CLOTHING BANK AND PROGRAMS FOR OLDER ADULTS AND YOUTH.
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IRS990/OtherExpensesGrp/Desc0FOOD COSTS
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IRS990/PrincipalOfficerNm0MELISSA RINEHART
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IRS990/ProgramServiceRevenueGrp/Desc0AFTER SCHOOL
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IRS990/ProgSrvcAccomActy2Grp/Desc0OLDER ADULT PROGRAM: AFTER OVER A YEAR OF BEING SHUT DOWN, SENIORS WERE THRILLED TO BE BACK IN PERSON WITH A NEW ROOM SET-UP THAT ALLOWED FOR SOCIAL DISTANCING AND MASKS PROVIDED TO ALL. WELLSPRING WAS A SAFE PLACE FOR SENIORS TO ENJOY A MULTITUDE OF ENRICHMENT ACTIVITIES AND A HEALTHY MEAL. WELLSPRING ALSO TOOK THE OLDER ADULT PROGRAM ON THE ROAD ONE DAY A WEEK TO THE NEW HAVEN COMMUNITY CENTER IN 2021 150 SENIORS WERE SERVED.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt076907
IRS990/ProgSrvcAccomActy3Grp/Desc0WELLSPRING'S FOOD BANK REMAINS ONE OF THE MOST ACCESSIBLE FOOD PANTRIES IN ALLEN COUNTY. CLIENTS NO LONGER NEED TO SHOW A FORM OF IDENTIFICATION, THEREFORE, THE FOOD BANK IS OPEN TO ANYONE EVERY 30 DAYS. OPEN FIVE DAYS A WEEK AND THE SECOND SATURDAY OF THE MONTH, 1,650 FAMILIES WERE SERVED IN 2021 TOTALING 5,364 CLIENTS THAT RECEIVED 50,000 POUNDS OF DISTRIBUTED FOOD. INCREASING GROCERY PRICES BROUGHT MANY NEW FAMILIES TO WELLSPRING LAST YEAR. WELLSPRING ON WHEELS (WOW) OUR MOBILE FOOD PANTRY, 'WOW', PARTNERED WITH CHURCHES, A TOWNSHIP TRUSTEE, A MOBILE HOME PARK, A PUBLIC LIBRARY, A NON- PROFIT AND AN APARTMENT COMPLEX IN 2021. EACH OF THESE SITES WERE LOCATED IN CAREFULLY SELECTED AREAS WITH FOOD DESERTS. IN FACT AN IMPRESSIVE 27 TONS OF PRODUCT - INCLUDING FOOD, HYGIENE ITEMS AND DIAPERS - WAS DISTRIBUTED TO 12,590 CLIENTS. WOW IS A MOBILE SUPERPOWER HELPING FOOD INSECURE NEIGHBORS ALL AROUND THE COUNTY AND IS OPEN TO ANYONE IN NEED. 17,954 FOOD INSECURE CLIENTS WERE SERVED 51 TONS OF FOOD WAS DISTRIBUTED 85,848 TOTAL NUMBER OF MEALS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0177329
IRS990/ProgSrvcAccomActyOtherGrp/Desc0WELLSPRING SHOPPE: IT WAS GREAT TO BE BACK IN THE FULL SWING OF THINGS AT THE WELLSPRING SHOPPE. THIS DONATION-BASED CLOTHING BOUTIQUE RECEIVED A SIGNIFICANT AMOUNT OF CLOTHING AND APPAREL DONATIONS IN 2021, SO MUCH SO THE SHOPPE RECEIVED AN ORGANIZATIONAL FACELIFT. WELLSPRING ALSO TOOK THE SHOPPE ON THE ROAD FOR PART OF THE YEAR, PIGGYBACKING AT THE WOW DISTRIBUTION SITES. CLIENTS WERE THRILLED TO RECEIVE QUALITY CLOTHING ALONGSIDE FOOD, HYGIENE ITEMS, AND DIAPERS 22,660 ITEMS OF CLOTHING, RANGING FROM WORK ATTIRE TO WEDDING DRESSES, WERE DISTRIBUTED TO 4,595 GRATEFUL CLIENTS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt065910
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.02$0.05$0.98$0.99$1.06$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.16$0.11$1.05$1.23$0.95$0.28
2022Detailed filing. Detailed filing data is available for this year.$0.81$0.06$0.75$0.63$1.06$0.43
2021Detailed filing. Detailed filing data is available for this year.$1.22$0.04$1.18$1.08$0.80$0.28
2020Detailed filing. Detailed filing data is available for this year.$1.03$0.13$0.90$0.56$0.73$0.17
2019Detailed filing. Detailed filing data is available for this year.$1.10$0.02$1.07$0.50$0.85$0.35
2018Detailed filing. Detailed filing data is available for this year.$1.45$0.03$1.42$1.23$0.90$0.34
2017Detailed filing. Detailed filing data is available for this year.$1.12$0.03$1.09$0.73$0.89$0.17
2016Detailed filing. Detailed filing data is available for this year.$1.28$0.03$1.25$0.69$0.82$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.41$0.02$1.39$0.67$0.75$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.51$0.05$1.46$1.32$0.73$0.59
2013Detailed filing. Detailed filing data is available for this year.$0.92$0.05$0.87$0.54$0.69$0.15
2012Summary only. Only limited summary data is available for this year.$1.06$0.04$1.02$0.50$0.68$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.04$1.20$0.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.04$1.12$0.65