Civic Intelligence

Wellspring Investment Fund Incorporated

990EZ • Fiscal year 2020 • EIN 81-1628119

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 23, 2021

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

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

41st percentile

0.0%

Higher net margin than 41% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

44th percentile

0.0%

Faster asset growth than 44% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-74%

Faster revenue growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Flat

$100

Flat from 2019

Net Assets

Flat

$100

Flat from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin41st percentile

Revenue

Down

$29,000

Down $82,500 (-74%) from 2019

Expenses

Down

$29,000

Down $82,500 (-74%) from 2019

Net Income

Flat

$0

Flat from 2019

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2020

Assets$100
Liabilities$0
Net Assets$100
Open 2020 Filing

Operations Trend

Revenue Growth11th 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

2020

Revenue$29,000
Expenses$29,000
Net Income$0
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 23, 2021
Return Version
2020v4.1
Gross Receipts
$29,000
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-$29,000
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LEE BADGETTClerk-$0--
JOSEPH GERARDDirector-$0--
MARY HOYERTreasurer-$0--
JON WEISSMANDirector-$0--
STEVEN BOYLEDirector-$0--
ELVIS MENDEZDirector-$0--
ALICIA BROWNDirector-$0--
CLIVE NDLOVUDirector-$0--
ZAIDA GOVANCo-President-$0--
TRACYE WHITFIELDCo-President-$0--
JASPER JAMESDirector-$0--
ERNESTO CRUZDirector-$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
2021-04-23
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 29,000”

Raw XML Appendix182 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/USAddress/CityNm0AMHERST
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LEE BADGETT
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARY HOYER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JON WEISSMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4STEVEN BOYLE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6ALICIA BROWN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7CLIVE NDLOVU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8ZAIDA GOVAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9TRACYE WHITFIELD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10JASPER JAMES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11ERNESTO CRUZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CLERK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9CO-PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt029000
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/ProgramServiceExpensesAmt029000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TotalRevenueAmt029000
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTP://WELLSPRING.COOP
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt029000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0111500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0102505
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct01.00000
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IRS990ScheduleA/TotalSupportAmt0479505
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTTRANSFER TO WELLSPRING COOPERATIVE 29,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRED ROSE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04135222204
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-23
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/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/PreparationDt02021-04-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THERESA H ROBERTSON
ReturnHeader/ReturnTs02021-04-23T10:31:43-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FRED
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROSE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$100
Liabilities
$0
Net assets
$100
Revenue
$29,000
Expenses
$29,000
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