Overview
What is Wellspring Inc?
Wellspring Inc is a nonprofit organization based in Louisville, Kentucky, dedicated to promoting mental health recovery. Their primary mission is to develop quality housing and rehabilitation services for individuals struggling with mental illness. Specifically, they operate two Crisis Stabilization Units for adults in psychiatric crisis, offering a community-based alternative to inpatient hospitalization. These units are licensed by the Commonwealth of Kentucky and adhere to quality standards monitored by the Office of the Inspector General. The program provides 24-hour staff support with a multi-disciplinary team approach, including on-site services from psychiatrists, APRNs, clinical social workers, art therapists, and psych rehab counselors. They can accommodate a maximum of 18 people on any given day and served 322 people in fiscal year 2022. Wellspring works closely with psychiatric emergency rooms, hospitals, outpatient providers, families, and other community resources for referrals, diverting 90% from hospitals. Their aim is to support individuals in building healthy and hopeful lives through behavioral health, housing, and employment services. They currently employ 124 individuals.
Official website here: www.wellspringky.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
Wellspring Inc has achieved a high rating of 94% from Charity Navigator, reflecting its strong performance in accountability and financial management. The organization boasts a fully independent board, signifying robust governance standards, and maintains transparency with comprehensive financial oversight, including an effective audit and oversight committee.
The charity excels in ensuring that the vast majority of its expenses are directed towards its programs, with a program expense ratio of 87.59%. This indicates a commitment to maximizing the impact of its funds on its mission. Furthermore, all necessary policies regarding conflict of interest, whistleblower protections, and document retention are in place, enhancing its operational integrity.
While the organization shows a healthy liabilities to assets ratio of 52.17%, which is relatively low, this indicates a prudent financial strategy. Overall, Wellspring Inc appears to be a well-managed charity with a strong focus on accountability and mission-driven outcomes.
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: $231,173
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,070,041
For more financial information, click here
Official website here: www.wellspringky.org
What is the mission statement of Wellspring Inc?
Wellspring Inc, a non-profit organization, is dedicated to promoting mental health recovery. They strive to support individuals in building healthy and hopeful lives through behavioral health, housing, and employment services. Their mission is to offer quality housing and rehabilitation services to aid in the recovery of people struggling with mental illness. They operate crisis units for adults in psychiatric crisis, providing a community-based and cost-effective alternative to inpatient hospitalization. These units offer around-the-clock staff support, with a multi-disciplinary team approach that includes on-site services from psychiatrists, nurse practitioners, clinical social workers, art therapists, and psych rehab counselors. They can accommodate up to 18 people at a time and served 322 people in fiscal year 2022. Wellspring works closely with psychiatric emergency rooms, hospitals, outpatient providers, families, and other community resources for referrals, diverting 90% from hospitals. Their accreditation was extended for another three-year term in 2020.
Official website here: www.wellspringky.org
Who is the CEO of Wellspring Inc?
Katharine R Dobbins is the Chair of Wellspring Inc. The CEO's salary of Wellspring Inc is $127,052 and their total compensation is $139,794.
Official website here: www.wellspringky.org
What is the revenue of Wellspring Inc?
Wellspring Inc's revenue in 2022 was $6,332,385.
Official website here: www.wellspringky.org
Who are the executives of Wellspring Inc and what are their salaries?
The average compensation at Wellspring Inc during 2022 was $26,623. There are 124 employees and 140 volunteers at Wellspring Inc.
Here are 19 key members and their salaries (Wellspring Inc's CEO's salary is $127,052 and their total compensation is $139,794):
- 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
- 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: $104,121
- Related: $0
- Other: $5,774
- Compensation: $127,052
- Related: $0
- Other: $12,742
Official website here: www.wellspringky.org
Where can I find the form 990 for Wellspring Inc?
Wellspring Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wellspringky.org
Learn more at the official website: www.wellspringky.org
Mission Statement of Wellspring Inc
Wellspring Inc, a leading organization in promoting mental health recovery, focuses on the development of quality housing and rehabilitation services. Their mission is centered around supporting individuals with mental illness as they strive to build healthy and hopeful lives. Through their behavioral health, housing, and employment services, Wellspring aims to aid individuals in recovering from mental illness and reestablishing themselves in society.
Wellspring's approach is unique, offering crisis units for adults in psychiatric crisis as a community-based, cost-effective alternative to inpatient hospitalization. These crisis stabilization units (CSUS) provide intensive support to adults who require a higher level of care but do not need the locked-down safety of an inpatient hospital. Wellspring's CSUS are accredited by the Commission on Accreditation of Rehabilitation Facilities (CARF) and meet quality standards, ensuring the delivery of top-notch care.
The CSUS provide around-the-clock support from a multidisciplinary team, including psychiatrists, advanced practice registered nurses, clinical social workers, art therapists, and psych rehab counselors. These programs can accommodate up to 18 individuals at a time and served 322 people in fiscal year 2022. Wellspring works closely with psychiatric emergency rooms, hospitals, outpatient providers, families, and other community resources for referrals, successfully diverting 90% of individuals from hospitals. In 2020, Wellspring's accreditation was extended for another three-year term, demonstrating their commitment to maintaining high-quality care.
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 promoting mental health recovery and supporting individuals in building healthy and hopeful lives through its behavioral health, housing, and employment services. Specifically, Wellspring operates two CARF accredited crisis units for adults in psychiatric crisis, offering a comfortable, community-based, and cost-effective alternative to inpatient hospitalization. These Crisis Stabilization Units (CSUs) provide 24-hour staff support with a multidisciplinary team approach, serving a maximum of 18 people on any given day and diverting 90% of individuals from hospitals. In fiscal year 2022, these programs served 322 people, demonstrating the organization's significant contribution to supporting individuals in mental health crises.
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 2022.
- Investment Income: $71
- Program Service Revenue: $2,752,665
- Gross Receipts: $6,415,085
Assets and Liabilities:
- Total Assets: $4,000,310
- Total Liabilities: $750,583
- Net Assets: $3,249,727
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.
CLIENT SERVICES
Revenue
$2,601,973
APARTMENT RENTALS
Revenue
$150,692
Organization Details
Founding Year
1981
Phone
(502) 637-4361Principal Officer
Katharine R Dobbins
Main Address
PO BOX 1927, LOUISVILLE, KY, 40201
Website
www.wellspringky.orgNTEE Category
Code: F33 - 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.