Civic Intelligence

Wellspring Foundation Inc.

990PF • Fiscal year 2020 • EIN 80-0699956

Jan 01, 2020 to Dec 31, 2020 • Filed on May 05, 2021

249 Oakland AvenueSouth Plainfield, NJ 07080

(908) 753-5205

Siviq Scores

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

Liabilities / Assets

70th percentile

0.00x

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

2020 filings • NTEE T • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.00x

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

2020 filings • NTEE T • $500k-$1M nonprofits • Source year 2020

Net Margin

24th percentile

-80%

Higher net margin than 24% of similar nonprofits.

2020 filings • NTEE T • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE T • $500k-$1M nonprofits • Source year 2020

Asset Growth

31st percentile

-4.6%

Faster asset growth than 31% of similar nonprofits.

2020 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

23rd percentile

-49%

Faster revenue growth than 23% of similar nonprofits.

2020 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$880,179

Down $42,738 (-4.6%) from 2019

Net Assets

Down

$880,179

Down $42,738 (-4.6%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$53,627

Down $51,974 (-49%) from 2019

Expenses

Up

$96,365

Up $24,985 (+35%) from 2019

Net Income

Down

-$42,738

Down $76,959 (-225%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $203,477Liabilities 2011: $3,0122011Assets 2012: $530,390Liabilities 2012: $2,901Net Assets 2012: $527,4892012Assets 2013: $799,548Liabilities 2013: $0Net Assets 2013: $799,5482013Assets 2014: $889,550Liabilities 2014: $0Net Assets 2014: $889,5502014Assets 2015: $836,539Liabilities 2015: $0Net Assets 2015: $836,5392015Assets 2016: $891,684Liabilities 2016: $0Net Assets 2016: $891,6842016Assets 2017: $929,789Liabilities 2017: $0Net Assets 2017: $929,7892017Assets 2018: $888,696Liabilities 2018: $0Net Assets 2018: $888,6962018Assets 2019: $922,917Liabilities 2019: $0Net Assets 2019: $922,9172019Assets 2020: $880,179Liabilities 2020: $0Net Assets 2020: $880,1792020Assets 2021: $930,660Liabilities 2021: $0Net Assets 2021: $930,6602021Assets 2022: $897,252Liabilities 2022: $0Net Assets 2022: $897,2522022Assets 2023: $923,098Liabilities 2023: $0Net Assets 2023: $923,0982023Assets 2024: $634,501Liabilities 2024: $0Net Assets 2024: $634,5012024

Highlighted filing

2020

Assets$880,179
Liabilities$0
Net Assets$880,179

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2011: $271,849Expenses 2011: $71,384Net Income 2011: $200,4652011Expenses 2012: $124,5952012Revenue 2013: $381,777Expenses 2013: $109,718Net Income 2013: $272,0592013Revenue 2014: $204,613Expenses 2014: $114,611Net Income 2014: $90,0022014Revenue 2015: $33,570Expenses 2015: $86,581Net Income 2015: -$53,0112015Revenue 2016: $71,844Expenses 2016: $16,699Net Income 2016: $55,1452016Revenue 2017: $83,182Expenses 2017: $45,077Net Income 2017: $38,1052017Revenue 2018: $65,124Expenses 2018: $106,217Net Income 2018: -$41,0932018Revenue 2019: $105,601Expenses 2019: $71,380Net Income 2019: $34,2212019Revenue 2020: $53,627Expenses 2020: $96,365Net Income 2020: -$42,7382020Revenue 2021: $79,275Expenses 2021: $28,794Net Income 2021: $50,4812021Revenue 2022: $73,727Expenses 2022: $107,135Net Income 2022: -$33,4082022Revenue 2023: $72,145Expenses 2023: $46,299Net Income 2023: $25,8462023Revenue 2024: $63,447Expenses 2024: $352,044Net Income 2024: -$288,5972024

Highlighted filing

2020

Revenue$53,627
Expenses$96,365
Net Income-$42,738
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 5, 2021
Return Version
2020v4.1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary SingleterryTrusteePT$0--
Mary SingleterryTrusteePT$0--
Bruce SingleterryTrusteePT$0--
Filing and Contact Details

Filer

Filer Name
Wellspring Foundation Inc
EIN
80-0699956
Phone
9087535205
Address
249 Oakland Avenue, South Plainfield, NJ 07080

Signing Officer

Name
Gary Singleterry
Title
Trustee
Signed
2021-05-05
Discuss with paid preparer
Yes

Preparer

Firm
Bruce Singleterry Tax Accountant
Address
249 Oakland Avenue, South Plainfield, NJ 07080
Preparer
Bruce Singleterry
Phone
9083349404
Raw XML Appendix270 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/RelationshipStatementTxt1Scriptures through its website www.wellspring1866.org, is supported primarily by unsolicited contributions. The
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IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt013000
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt051754
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt082356
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990ScheduleB/Organization501c3ExemptPFInd0X
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Website Development
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Investment Service Fee
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2Bank Fee
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3Partnership business expenses
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4Unrealized valuation adjustment of investments
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt01254
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1540
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt256
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt311585
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt464749
OtherIncomeSchedule2/OtherIncomeDetail/Desc0Other partnership unrealized appreciation
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt0406
TaxesSchedule/TaxesDetail/Amt01425
TaxesSchedule/TaxesDetail/Amt1671
TaxesSchedule/TaxesDetail/CategoryTxt0Tax on investment income
TaxesSchedule/TaxesDetail/CategoryTxt1foreign tax from k-1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Gary Singleterry
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Wellspring Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0WELL
ReturnHeader/Filer/EIN0800699956
ReturnHeader/Filer/PhoneNum09087535205
ReturnHeader/Filer/USAddress/AddressLine1Txt0249 Oakland Avenue
ReturnHeader/Filer/USAddress/CityNm0South Plainfield
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007080
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Bruce Singleterry Tax Accountant
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0249 Oakland Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0South Plainfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007080
ReturnHeader/PreparerPersonGrp/PhoneNum09083349404
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bruce Singleterry
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-05-05T03:23:52-00:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Gary
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Singleterry
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.
2024Detailed filing. Detailed filing data is available for this year.$6.35$0.00$6.35$0.63$3.52$2.89
2023Detailed filing. Detailed filing data is available for this year.$9.23$0.00$9.23$0.72$0.46$0.26
2022Detailed filing. Detailed filing data is available for this year.$8.97$0.00$8.97$0.74$1.07$0.33
2021Detailed filing. Detailed filing data is available for this year.$9.31$0.00$9.31$0.79$0.29$0.50
2020Detailed filing. Detailed filing data is available for this year.$8.80$0.00$8.80$0.54$0.96$0.43
2019Detailed filing. Detailed filing data is available for this year.$9.23$0.00$9.23$1.06$0.71$0.34
2018Detailed filing. Detailed filing data is available for this year.$8.89$0.00$8.89$0.65$1.06$0.41
2017Detailed filing. Detailed filing data is available for this year.$9.30$0.00$9.30$0.83$0.45$0.38
2016Detailed filing. Detailed filing data is available for this year.$8.92$0.00$8.92$0.72$0.17$0.55
2015Detailed filing. Detailed filing data is available for this year.$8.37$0.00$8.37$0.34$0.87$0.53
2014Detailed filing. Detailed filing data is available for this year.$8.90$0.00$8.90$2.05$1.15$0.90
2013Detailed filing. Detailed filing data is available for this year.$8.00$0.00$8.00$3.82$1.10$2.72
2012Detailed filing. Detailed filing data is available for this year.$5.30$0.03$5.27$1.25
2011Summary only. Only limited summary data is available for this year.$2.03$0.03$2.72$0.71$2.00