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Wellpsring Of Life Farm Inc

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

EIN: 821445842 ✦ Monkton, MD ✦ Designated as a 501(c)(3)

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Overview

What is Wellpsring Of Life Farm Inc?

Wellpsring Of Life Farm Inc, located in Monkton, Maryland, is a nonprofit organization that provides therapeutic riding sessions, led by certified instructors from PATH. Their mission is to offer structured programs and activities that have therapeutic benefits to various groups, including active military members, veterans, first responders, at-risk teens, and their families. By offering these planned activities, the organization aims to support the well-being and healing of these individuals.


Official website here: www.willspringoflifefarm.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76%, Three-Star out of Four Star Rating

Wellspring Of Life Farm Inc has achieved a 76% score, earning it a Three-Star rating, primarily reflecting its strong accountability and financial practices. The organization's governance is notably robust, with 80% of board members being independent, which contributes positively to its transparency and oversight.

The financial management is commendable, as indicated by a program expense ratio of 92.73%, demonstrating a significant focus on programmatic spending. Additionally, the organization has no liabilities relative to its assets, indicating sound financial health. However, it does show some gaps with respect to policies that are critical for governance, as it lacks a conflict of interest policy, a whistleblower policy, and a document retention policy.

While the overall ratings reflect positively on its financial practices and governance structure, the absence of certain policies may raise concerns about its operational framework. Continued attention to these areas could enhance the organization's accountability and overall effectiveness in serving its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Wellpsring Of Life Farm Inc legitimate?

Wellpsring Of Life Farm Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellpsring Of Life Farm 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.willspringoflifefarm.com

What is the mission statement of Wellpsring Of Life Farm Inc?

Wellspring of Life Farm Inc's mission is centered around providing therapeutic programs and activities for active military members, veterans, first responders, at-risk teenagers, and their families. The organization strives to offer initiatives that can have a therapeutic impact, aiming to support these groups in various ways. They conduct therapeutic riding sessions, led by instructors certified by PATH (Professional Association of Therapeutic Horsemanship), Inc. The farm's activities are designed to provide a therapeutic outlet, potentially helping these individuals cope with challenges they may be facing.


Official website here: www.willspringoflifefarm.com

Who is the CEO of Wellpsring Of Life Farm Inc?

Dawn Leung is the Board Member of Wellpsring Of Life Farm Inc.


Official website here: www.willspringoflifefarm.com

What is the revenue of Wellpsring Of Life Farm Inc?

Wellpsring Of Life Farm Inc's revenue in 2022 was $60,217.


Official website here: www.willspringoflifefarm.com

Who are the executives of Wellpsring Of Life Farm Inc and what are their salaries?

There 25 volunteers at Wellpsring Of Life Farm Inc.


Here are 5 key members and their salaries:


Jamie Peddy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lester Leung (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Barringer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis J Hamel Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawn Leung (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.willspringoflifefarm.com

Where can I find the form 990 for Wellpsring Of Life Farm Inc?

Wellpsring Of Life Farm Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.willspringoflifefarm.com

Learn more at the official website: www.willspringoflifefarm.com

Mission Statement of Wellpsring Of Life Farm Inc

Wellpsring Of Life Farm Inc is committed to offering therapeutic programs and activities for active members and veterans of the US military, first responders, at-risk teens, and their families. Their mission is to provide these individuals with planned and structured activities that have the potential to offer therapeutic benefits. The organization aims to cater to the unique needs of these groups, recognizing the challenges they may face and the potential benefits that therapeutic activities can bring. To achieve this, Wellpsring Of Life Farm Inc employs Path Certified Instructors to conduct therapeutic riding sessions, leveraging the therapeutic benefits of equine interactions. The goal is to create an environment that promotes healing and well-being for these individuals.

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Impact




August, 2024

The impact of Wellpsring Of Life Farm Inc is profound, as it provides therapeutic programs and activities for active members and veterans of the US military, first responders, at-risk teens, and their families. Through their conducted therapeutic riding sessions with PATH certified instructors, they offer a unique form of therapy that benefits the mental and emotional well-being of their participants. By focusing on this specific demographic, the organization is able to directly address the needs of those who have served their country and individuals facing challenging circumstances. Through their commitment to providing therapeutic support, Wellpsring Of Life Farm Inc plays a vital role in improving the lives of these individuals and their families.




This information is meant to be a general summary of Wellpsring Of Life Farm 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.

Revenue
$60,217 (2022)
Expenses
$70,676 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $21,665
  • Gross Receipts: $60,217

Assets and Liabilities:

  • Total Assets: $304,901
  • Total Liabilities: $0
  • Net Assets: $304,901

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

THERAPY

Revenue

$21,665

CONSIGNMENT
CLINIC
APPAREL

Organization Details

Founding Year

2018

Principal Officer

Dawn Leung

Main Address

16312 OLD YORK RD, Monkton, MD, 21111

NTEE Category

Code: P20 - Human services

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