Overview
What is Wellspring Of Life?
Wellspring Of Life is a nonprofit organization dedicated to spreading the teachings of Jesus Christ and fostering peace and reconciliation, particularly in the Korean Peninsula and the Pacific Rim. They achieve this by drilling wells in these communities, providing a vital resource for thousands of individuals. This humanitarian initiative falls under both charitable and religious purposes, aiming to improve the lives of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 47% (Zero-Star out of Four Star Rating)
Wellspring Of Life has received a low score of 47% from Charity Navigator, resulting in a Zero-Star rating. This rating highlights significant concerns regarding the charity's financial management, particularly indicated by a program expense ratio of 0.00%. While the organization does well in governance aspects, such as having a majority independent board and solid conflict of interest and whistleblower policies, these strengths are overshadowed by poor financial performance.
The charity has shown strength in governance with full points in several accountability categories, including board independence and documentation of meeting minutes. However, the extremely low program expense ratio suggests that funds may not be effectively utilized towards the organization's mission, raising questions about its operational efficiency and effectiveness in delivering programs.
Overall, while the governance structure appears robust, Wellspring Of Life's financial oversight issues and the lack of program spending create a concerning picture for potential donors and stakeholders. This Zero-Star rating serves as a crucial alert for individuals considering support for this organization.
This AI summary has been generated from information found on Charity Navigator.
Is Wellspring Of Life legitimate?
Wellspring Of Life is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellspring Of Life 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,988
For more financial information, click here
What is the mission statement of Wellspring Of Life?
Wellspring Of Life's mission is centered around spreading the teachings of Jesus Christ while fostering peace and reconciliation, particularly focusing on the Korean peninsula and the Pacific Rim. To achieve this, the organization carries out charitable and religious activities by drilling wells in these communities, benefiting thousands of people. The primary objective is to improve the lives of these communities while promoting peace and unity.
Who is the CEO of Wellspring Of Life?
James Linton is the Executive Director of Wellspring Of Life.
What is the revenue of Wellspring Of Life?
Wellspring Of Life's revenue in 2022 was $155,926.
Who are the executives of Wellspring Of Life and what are their salaries?
The average compensation at Wellspring Of Life during 2022 was $16,996. There are 3 employees at Wellspring Of Life.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Wellspring Of Life?
Wellspring Of Life's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wellspring Of Life
Wellspring Of Life, a nonprofit organization, is dedicated to propagating the teachings of Jesus Christ and fostering peace and reconciliation in the Korean peninsula and the Pacific rim. They achieve this mission by drilling wells in these communities, aiming to benefit thousands of individuals. This charitable and religious endeavor is not just about providing access to clean water, but also serves as a platform for spreading religious beliefs and fostering unity among different communities. By drilling wells, Wellspring Of Life is contributing to the betterment of these communities, improving their livelihoods and promoting harmony in the process.
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Impact
October, 2024
Wellspring of Life plays a significant role in improving communities by addressing both physical and spiritual needs. By drilling wells in various regions, particularly on the Korean Peninsula and the Pacific Rim, they provide essential access to clean water, which is vital for health and well-being. This initiative not only benefits thousands by enhancing their daily lives through improved water supply but also fosters hope and creates a sense of community.
Additionally, through its mission of propagating the gospel of Jesus Christ, Wellspring of Life promotes peace and reconciliation, addressing deeper societal issues. Their work encourages unity among diverse populations, paving the way for a more harmonious coexistence. The combination of tangible aid in the form of clean water and the promotion of spiritual values contributes to lasting positive change in the communities they serve, aligning both physical sustenance and spiritual growth.
This information is meant to be a general summary of Wellspring Of Life. 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 2022.
- Gross Receipts: $163,693
Assets and Liabilities:
- Total Assets: $108,224
- Total Liabilities: $27,945
- Net Assets: $80,279
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Organization Details
Founding Year
2009
Principal Officer
James Linton
Main Address
82 WALKER COVE ROAD, BLACK MOUNTAIN, NC, 28711
NTEE Category
Code: Q300 - International
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