Wellspring Learning Foundation Inc.

990PF • Fiscal year 2022 • EIN 85-1292200

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 13, 2023

Organization Profile

7369 Westport PlaceWest Palm Beach, FL 33413

(561) 845-0123

Siviq Scores

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

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2022 filings • <$500k nonprofits • Source year 2022

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

2022 filings • <$500k nonprofits • Source year 2022

-13%

Higher net margin than 26% of similar nonprofits.

2022 filings • <$500k nonprofits • Source year 2022

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • <$500k nonprofits • Source year 2022

-26%

Faster asset growth than 17% of similar nonprofits.

2022 filings • <$500k nonprofits • Annualized from 2021 to 2022

-56%

Faster revenue growth than 11% of similar nonprofits.

2022 filings • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet

Liabilities / Assets60th percentile

Assets

Down

$114,944

Down $39,742 (-26%) from 2021

Net Assets

Down

$114,944

Down $39,742 (-26%) from 2021

Liabilities

Flat

Flat from 2021

Revenue And Expenses

Liabilities / Revenue61st percentile Net Margin26th percentile

Revenue

Down

$10,930

Down $14,186 (-56%) from 2021

Expenses

Down

$12,362

Down $11,644 (-49%) from 2021

Net Income

Down

-$1,432

Down $2,542 (-229%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

Highlighted filing

2022

Assets$114,944

Liabilities$1

Net Assets$114,944

Open 2022 Filing

Operations Trend

Revenue Growth11th percentile

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

Highlighted filing

2022

Revenue$10,930

Expenses$12,362

Net Income-$1,432

Open 2022 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2022 to Dec 31, 2022
Signed: Jul 13, 2023
Return Version: 2022v5.0

Compensation and Service Providers

Top Officer Pay78th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
CHARLES C CORNWELL	Officer	-	$0	-	-
ANDREW CORNWELL	Officer	-	$0	-	-
ELIZABETH CORNWELL	Officer	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Wellspring Learning Foundation Inc
EIN: 85-1292200
Phone: 5618450123
Address: 7369 WESTPORT PLACE, WEST PALM BEACH, FL 33413

Signing Officer

Name: Charles C Cornwell
Title: Officer
Phone: 5618450123
Signed: 2023-07-13

Preparer

Firm: John S Bush CPA Pa
Address: 8181 W BROWARD BOULEVARD SUITE 35, PLANTATION, FL 33324-2033
Preparer: John S Bush CPA
Phone: 9544744100

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OtherDecreasesSchedule/OtherDecreasesDetail/Amt	0	38310
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OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	0	175
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	BANK CHARGES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	2	GRANTS
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OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	10000
ReturnHeader/BuildTS	0	2023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	CHARLES C CORNWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	5618450123
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2023-07-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	WELLSPRING LEARNING FOUNDATION INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt	0	WELLSPRING LEARNING FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt	0	WELL
ReturnHeader/Filer/EIN	0	851292200
ReturnHeader/Filer/PhoneNum	0	5618450123
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	7369 WESTPORT PLACE
ReturnHeader/Filer/USAddress/CityNm	0	WEST PALM BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	FL
ReturnHeader/Filer/USAddress/ZIPCd	0	33413
ReturnHeader/IRSResponsiblePrtyInfoCurrInd	0	false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	592212206
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	JOHN S BUSH CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	8181 W BROWARD BOULEVARD SUITE 35
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	PLANTATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	333242033
ReturnHeader/PreparerPersonGrp/PhoneNum	0	9544744100
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2023-07-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	JOHN S BUSH CPA
ReturnHeader/ReturnTs	0	2023-08-17T17:20:07-04:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	CHARLES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	CORNWELL
ReturnHeader/TaxPeriodBeginDt	0	2022-01-01
ReturnHeader/TaxPeriodEndDt	0	2022-12-31
ReturnHeader/TaxYr	0	2022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $114,944
Liabilities: $1
Net assets: $114,944
Revenue: $10,930
Expenses: $12,362
Net income: -$1,432

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$1.62	$0.00	$1.62	$0.13	$0.15	$0.01
2023Detailed filing. Detailed filing data is available for this year.	$1.27	$0.00	$1.27	$0.02	$0.12	$0.10
2022Detailed filing. Detailed filing data is available for this year.	$1.15	$0.00	$1.15	$0.11	$0.12	$0.01
2021Detailed filing. Detailed filing data is available for this year.	$1.55	$0.00	$1.55	$0.25	$0.24	$0.01
2020Detailed filing. Detailed filing data is available for this year.	$1.47	$0.00	$1.47	$1.09	$0.00	$1.09