Overview
What is Wellspring Inc?
Wellspring Inc is a nonprofit organization based in Bangor, Maine, with a workforce of 107 employees. Their primary focus is on providing residential and outpatient services for individuals seeking treatment for substance abuse, particularly those who have co-occurring mental health disorders. The organization's mission is to foster recovery and well-being for those affected by addiction, offering a holistic approach that addresses both the substance abuse issue and any underlying mental health issues. Wellspring Inc's services extend beyond residential care, reaching out to individuals in need and offering support throughout their recovery journey.
Official website here: www.wellspringmaine.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% - Three-Star out of Four Stars
Wellspring Inc has received a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The overall score reflects a robust commitment to financial transparency and governance, as evidenced by a perfect score in areas such as having an independent board and comprehensive financial oversight. These factors contribute positively to the organization's credibility and reliability.
The charity boasts an impressive program expense ratio of 85.08%, demonstrating that the majority of its funds are directed towards its programs and services rather than administrative costs. Additionally, the organization has established various policies, including conflict of interest and whistleblower protections, which enhance its operational integrity and accountability.
While Wellspring Inc showcases notable strengths in financial management and board independence, the rating suggests there may be room for improvement in other areas not covered by the current evaluation metrics. Nonetheless, the overall score signifies a commendable level of trustworthiness for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Wellspring Inc legitimate?
Wellspring Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellspring Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $97,490
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,774,708
For more financial information, click here
Official website here: www.wellspringmaine.com
What is the mission statement of Wellspring Inc?
Wellspring Inc's mission is centered around providing recovery services for individuals grappling with addiction, including those with co-occurring mental health disorders. This non-profit organization aims to foster a conducive environment for healing and recovery through both residential and outpatient services. In their residential facilities, they cater to both men and women seeking treatment for substance abuse. Their mission is to offer a comprehensive approach to addiction treatment, addressing the unique needs of each individual seeking help.
Official website here: www.wellspringmaine.com
Who is the CEO of Wellspring Inc?
Suzanne Farley is the Executive Di of Wellspring Inc.
Official website here: www.wellspringmaine.com
What is the revenue of Wellspring Inc?
Wellspring Inc's revenue in 2023 was $6,076,512.
Official website here: www.wellspringmaine.com
Who are the executives of Wellspring Inc and what are their salaries?
The average compensation at Wellspring Inc during 2023 was $36,189. There are 107 employees and 50 volunteers at Wellspring Inc.
Here are 12 key members and their salaries:
- Compensation: $97,490
- Related: $0
- Other: $13,228
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wellspringmaine.com
Where can I find the form 990 for Wellspring Inc?
Wellspring Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wellspringmaine.com
Learn more at the official website: www.wellspringmaine.com
Mission Statement of Wellspring Inc
Wellspring Inc, a nonprofit organization, is dedicated to providing residential and outpatient services that promote recovery for individuals battling addiction, particularly those with co-occurring mental health disorders. The mission of Wellspring Inc is to create an environment that fosters healing and recovery, offering support and treatment for those struggling with substance abuse.
The organization operates co-occurring capable residential facilities for men and women seeking substance abuse treatment. These facilities aim to provide a safe and supportive environment where individuals can focus on their recovery, addressing both their addiction and any mental health issues that may be present. By offering comprehensive care, Wellspring Inc strives to help individuals regain control of their lives and overcome their addiction.
In summary, Wellspring Inc is an organization that provides residential and outpatient services to those affected by addiction and co-occurring mental health disorders. The mission of Wellspring Inc is to create an environment that fosters healing and recovery, offering support and treatment to those struggling with substance abuse. Through their co-occurring capable facilities, they aim to help individuals regain control of their lives and overcome their addiction.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
Wellspring Inc's impact lies in providing crucial residential and outpatient services that support individuals affected by addiction, including those facing co-occurring mental health disorders. By operating co-occurring capable residential facilities for both men and women seeking substance abuse treatment, Wellspring is directly contributing to fostering recovery and healing within its community in Bangor, ME. Through their mission-driven approach, Wellspring is instrumental in helping individuals address their addiction issues while also addressing the complexities of mental health challenges, ultimately leading to improved well-being and a path towards a healthier future.
This information is meant to be a general summary of Wellspring Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $651
- Program Service Revenue: $4,025,349
- Gross Receipts: $6,076,512
Assets and Liabilities:
- Total Assets: $1,884,396
- Total Liabilities: $1,532,369
- Net Assets: $352,027
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MAINE CARE FEES
Revenue
$3,842,014
OTHER PROGRAM FEES
Revenue
$183,335
Organization Details
Founding Year
1985
Phone
(207) 941-1612Principal Officer
Suzanne Farley
Main Address
98 CUMBERLAND STREET, BANGOR, ME, 04401
Website
www.wellspringmaine.comNTEE Category
Code: F22Z - Mental health
If you are a representative of Wellspring Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.