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Well-Spring Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 562217797 ✦ Greensboro, NC ✦ Designated as a 501(c)(3)

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Overview

What is Well-Spring Foundation?

Well-Spring Foundation is a nonprofit organization established to support the Well-Spring Retirement Community in Greensboro, North Carolina. Specifically located at 4100 Well Spring Drive, the foundation's primary mission is to provide financial aid for health care services and charity care within the retirement community. By doing so, the Well-Spring Foundation ensures the well-being of its community members, contributing to their overall health and quality of life.


Official website here: www.well-spring.org

Is Well-Spring Foundation legitimate?

Well-Spring Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Well-Spring Foundation 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: $0

For more financial information, click here


Official website here: www.well-spring.org

What is the mission statement of Well-Spring Foundation?

The Well-Spring Foundation's mission is to support the Well-Spring Retirement Community by providing financial aid primarily for healthcare services and charity care. This organization operates with the purpose of aligning with and bolstering the objectives of the retirement community. The main financial assistance provided by the foundation is directed towards healthcare services and charity care for the community's residents.


Official website here: www.well-spring.org

Who is the CEO of Well-Spring Foundation?

Stephen P Fleming is the President of Well-Spring Foundation.


Official website here: www.well-spring.org

What is the revenue of Well-Spring Foundation?

Well-Spring Foundation's revenue in 2022 was $1,308,920.


Official website here: www.well-spring.org

Who are the executives of Well-Spring Foundation and what are their salaries?


Here are 10 key members and their salaries:


Anthony Boyd (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Lucas (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Koenig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Davy Davidson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles T Hagan Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn Cookie Billings (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendy Gatlin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Tuckmantel (Treasurer)
  • Compensation: $0
  • Related: $267,028
  • Other: $16,235
Stephen P Fleming (President)
  • Compensation: $0
  • Related: $409,612
  • Other: $35,991
K Alan Tutterow (Cfo)
  • Compensation: $0
  • Related: $289,521
  • Other: $32,184


Official website here: www.well-spring.org

Where can I find the form 990 for Well-Spring Foundation?

Well-Spring Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.well-spring.org

Learn more at the official website: www.well-spring.org

Mission Statement of Well-Spring Foundation

The Well-Spring Foundation serves a supporting role, dedicated to aiding Well-Spring Retirement Community. Its primary mission involves providing financial assistance, primarily for healthcare services and charity care. The organization is structured to align with and bolster the purpose of Well-Spring Retirement Community, ensuring its continued success and well-being.

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Impact




October, 2024

Well-Spring Foundation plays a crucial role in enhancing the well-being of residents at the Well-Spring Retirement Community in Greensboro, NC. By providing financial support primarily focused on health care services and charity care, the Foundation ensures that seniors have access to necessary medical resources and assistance, regardless of their financial situation. This commitment not only uplifts the quality of life for individuals but also fosters a supportive environment where the community can thrive. Through its efforts, Well-Spring Foundation directly contributes to the health and happiness of its residents, demonstrating a profound impact on the senior living landscape in the region.




This information is meant to be a general summary of Well-Spring Foundation. 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.

Revenue
$1,308,920 (2022)
Expenses
$681,565 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $419,754
  • Gross Receipts: $1,308,920

Assets and Liabilities:

  • Total Assets: $11,257,578
  • Total Liabilities: $478,445
  • Net Assets: $10,779,133

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Organization Details

Founding Year

2001

Principal Officer

Stephen P Fleming

Main Address

4100 WELL SPRING DRIVE, GREENSBORO, NC, 27410

NTEE Category

Code: T20 - Philanthropy

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