Overview
What is Wellspring Investment Fund?
Wellspring Investment Fund is a nonprofit organization with the mission of raising capital to bolster the operations of the Wellspring cooperative corporation. Their primary goal is to establish worker cooperatives, thereby offering employment opportunities to low-income residents in Springfield, Massachusetts. The fund's purpose is to support the growth and success of the Wellspring cooperative, thereby contributing to the local community's economic development.
Official website here: www.wellspring.coop
Is Wellspring Investment Fund legitimate?
Wellspring Investment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellspring Investment Fund submitted a form 990EZ, 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.
Official website here: www.wellspring.coop
What is the mission statement of Wellspring Investment Fund?
The Wellspring Investment Fund's mission is to accumulate capital, serving as a backing for the Wellspring cooperative corporation. This corporation's primary goal is to establish worker cooperatives, offering employment opportunities to individuals from low-income backgrounds in a hypothetical location. The fund's ultimate objective is to support the operations of these cooperatives through the raised capital.
Official website here: www.wellspring.coop
What is the revenue of Wellspring Investment Fund?
Wellspring Investment Fund's revenue in 2021 was $65,000.
Official website here: www.wellspring.coop
Who are the executives of Wellspring Investment Fund and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.wellspring.coop
Where can I find the form 990EZ for Wellspring Investment Fund?
Wellspring Investment Fund's most recent form 990EZ was submitted in 2021 and can be accessed here.
Official website here: www.wellspring.coop
Learn more at the official website: www.wellspring.coop
Mission Statement of Wellspring Investment Fund
Wellspring Investment Fund is an organization with a mission to accumulate capital, aiming to bolster the endeavors of the Wellspring cooperative corporation. This corporation, in turn, works towards establishing worker cooperatives that create job opportunities for low-income residents in various locations. The primary objective of Wellspring Investment Fund is to generate capital to support this noble cause, thereby enabling the Wellspring cooperative corporation to thrive and provide employment opportunities for those in need.
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Impact
October, 2024
Wellspring Investment Fund significantly impacts the Springfield, MA community by raising capital to support the establishment of worker cooperatives. These cooperatives provide valuable employment opportunities for low-income residents, promoting economic self-sufficiency and empowerment within the community. By facilitating the creation of enterprises that are owned and managed by their workers, Wellspring fosters a sense of ownership and collaboration, contributing to community improvement and economic vitality. The fund plays a crucial role in driving local development, improving livelihoods, and enhancing the overall quality of life for Springfield's residents.
This information is meant to be a general summary of Wellspring Investment Fund. 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 2021.
- Gross Receipts: $65,000
Assets and Liabilities:
- Total Assets: $100
- Total Liabilities: $0
- Net Assets: $100
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Organization Details
Principal Officer
Ron Molina-Brantley
Website
www.wellspring.coopNTEE Category
Code: S30 - Community improvement
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