Civic Intelligence

Wellspring Investment Fund Incorporated

990EZ • Fiscal year 2019 • EIN 81-1628119

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 14, 2020

Organization ProfileWELLSPRING.COOP
143 Main StreetSpringfield, MA 01105

(413) 522-2204

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

41st percentile

0.0%

Higher net margin than 41% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

97th percentile

284%

Faster revenue growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$100

Down $304,900 (-100%) from 2018

Net Assets

$100

No earlier filing loaded for comparison.

Liabilities

Down

$0

Down $304,780 (-100%) from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin41st percentile

Revenue

Up

$111,500

Up $82,500 (+284%) from 2018

Expenses

Up

$111,500

Up $77,700 (+230%) from 2018

Net Income

Up

$0

Up $4,800 (+100%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$400K$300K$200K$100K$0Assets 2017: $5,020Liabilities 2017: $0Net Assets 2017: $5,0202017Assets 2018: $305,000Liabilities 2018: $304,7802018Assets 2019: $100Liabilities 2019: $0Net Assets 2019: $1002019Assets 2020: $100Liabilities 2020: $0Net Assets 2020: $1002020Assets 2021: $100Liabilities 2021: $0Net Assets 2021: $1002021

Highlighted filing

2019

Assets$100
Liabilities$0
Net Assets$100
Open 2019 Filing

Operations Trend

Revenue Growth97th percentile

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

$200K$100K$0-$100KRevenue 2017: $102,505Expenses 2017: $189,845Net Income 2017: -$87,3402017Revenue 2018: $29,000Expenses 2018: $33,800Net Income 2018: -$4,8002018Revenue 2019: $111,500Expenses 2019: $111,500Net Income 2019: $02019Revenue 2020: $29,000Expenses 2020: $29,000Net Income 2020: $02020Revenue 2021: $65,000Expenses 2021: $65,000Net Income 2021: $02021

Highlighted filing

2019

Revenue$111,500
Expenses$111,500
Net Income$0
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 14, 2020
Return Version
2019v5.1
Gross Receipts
$111,500
Mission and Program Overview

Mission

Raise capital to support wellspring coop

Program Services

DescriptionGrantsExpenses
RAISE CAPITAL TO SUPPORT THE WORK OF THE WELLSPRING COOPERATIVE CORPORATION TO CREATE WORKER COOPERATIVES THAT PROVIDE EMPLOYMENT TO LOW INCOME RESIDENTS OF SPRINGFIELD MASS-$111,500
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LEE BADGETTClerk-$0--
JOSEPH GERARDDirector-$0--
MARY HOYERTreasurer-$0--
JON WEISSMANDirector-$0--
SHAWN CORBITTDirector-$0--
ELVIS MENDEZDirector-$0--
ALICIA BROWNDirector-$0--
CLIVE NDLOVUDirector-$0--
ZAIDA GOVANCo-President-$0--
TRACYE WHITFIELDCo-President-$0--
Filing and Contact Details

Filer

Filer Name
Wellspring Investment Fund
EIN
81-1628119
Address
143 MAIN STREET, SPRINGFIELD, MA 01105

Signing Officer

Name
Fred Rose
Title
Director
Phone
4135222204
Signed
2020-08-14
Discuss with paid preparer
Yes

Preparer

Firm
Accountaides Inc
Address
425 UNION STREET BOX 2, West Springfield, MA 01089
Preparer
Theresa H Robertson
Phone
4137393411
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description amounttransfer to wellspring cooperative 111,500”

Raw XML Appendix169 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0FRED ROSE
IRS990EZ/BooksInCareOfDetail/PhoneNum04135222204
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0218 THOMPSON HALL UNIV OF MASS
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0AMHERST
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd001003
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0100
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0100
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0111500
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0100
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0100
IRS990EZ/GrossReceiptsAmt0111500
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0100
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0100
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0100
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt92.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LEE BADGETT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JOSEPH GERARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARY HOYER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JON WEISSMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4SHAWN CORBITT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5ELVIS MENDEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6ALICIA BROWN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7CLIVE NDLOVU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8ZAIDA GOVAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9TRACYE WHITFIELD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CLERK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8CO-PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9CO-PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt0111500
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0RAISE CAPITAL TO SUPPORT WELLSPRING COOP
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0RAISE CAPITAL TO SUPPORT THE WORK OF THE WELLSPRING COOPERATIVE CORPORATION TO CREATE WORKER COOPERATIVES THAT PROVIDE EMPLOYMENT TO LOW INCOME RESIDENTS OF SPRINGFIELD MASS
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0111500
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0111500
IRS990EZ/TotalProgramServiceExpensesAmt0111500
IRS990EZ/TotalRevenueAmt0111500
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTP://WELLSPRING.COOP
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0111500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0102505
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0236500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0450505
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0450505
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0111500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0102505
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0236500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0450505
IRS990ScheduleA/TotalSupportAmt0450505
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTTRANSFER TO WELLSPRING COOPERATIVE 111,500
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRED ROSE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04135222204
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WELLSPRING INVESTMENT FUND
ReturnHeader/Filer/BusinessNameControlTxt0WELL
ReturnHeader/Filer/EIN0811628119
ReturnHeader/Filer/USAddress/AddressLine1Txt0143 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0SPRINGFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001105
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId080C6212566F5A63CDCAB6597F07DAB3FE02A7213
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId080C6212566F5A63CDCAB6597F07DAB3FE02A7213
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId00429892020279tvyv5q5
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-10-05
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.149.110.89
ReturnHeader/FilingSecurityInformation/IPDt02020-10-05
ReturnHeader/FilingSecurityInformation/IPTm010:06:11
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042832894
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ACCOUNTAIDES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0425 UNION STREET BOX 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0West Springfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001089
ReturnHeader/PreparerPersonGrp/PhoneNum04137393411
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THERESA H ROBERTSON
ReturnHeader/ReturnTs02020-10-05T10:04:11-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$100
Liabilities
$0
Net assets
$100
Revenue
$111,500
Expenses
$111,500
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.65$0.65$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.29$0.29$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.12$1.12$0.00
2018Summary only. Only limited summary data is available for this year.$3.05$3.05$0.29$0.34$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$1.03$1.90$0.87