Totals
- Total revenue
- $2,987,734
- Total expenses
- $2,952,397
- Contributions and grants received
- $1,358,038
- Grants paid
- $87,501
- Program service revenue
- $1,443,983
- Investment income
- $99,535
- Other revenue
- $86,178
- Total assets, end of year
- $3,410,540
- Total liabilities, end of year
- $371,138
- Net assets or fund balances, end of year
- $3,039,402
- Program services expenses (Part IX)
- $2,238,704
- Management and general expenses
- $302,648
- Fundraising expenses
- $411,045
- Program service expenses (Part III)
- $2,238,704
Program services were 75.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,358,038
-
1g · Noncash contributions included above
$62,117
-
2a · Program service revenue: RENTAL INCOME
total $137,730 · unrelated business $0 · excluded $0
-
2b · Program service revenue: CONTRACTED SERVICES
total $129,834 · unrelated business $0 · excluded $0
-
2c · Program service revenue: GOVERNMENT AGENCIES
total $1,176,419 · unrelated business $0 · excluded $0
-
3 · Investment income
total $42,956 · unrelated business $0 · excluded $42,956
-
7a · Gross sales of assets other than inventory
securities $476,971
-
7b · Less cost or other basis and sales expenses
securities $420,392
-
7c · Gain or loss
securities $56,579
-
7d · Net gain or loss
total $56,579 · related or exempt $0 · unrelated business $0 · excluded $56,579
-
8a · Fundraising events: gross income
$118,485
-
8b · Fundraising events: direct expenses
$44,619
-
8c · Net income from fundraising events
total $73,866 · unrelated business $0 · excluded $73,866
-
11a · Other revenue: MISCELLANEOUS
total $12,312 · related or exempt $12,312 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$12,312
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $87,501 · program services $87,501
-
5 · Compensation of officers, directors and key employees
total $118,046 · program services $59,023 · management and general $59,023 · fundraising $0
-
7 · Other salaries and wages
total $1,553,596 · program services $1,197,529 · management and general $86,151 · fundraising $269,916
-
9 · Other employee benefits
total $148,822 · program services $97,500 · management and general $28,634 · fundraising $22,688
-
10 · Payroll taxes
total $149,376 · program services $112,328 · management and general $12,901 · fundraising $24,147
-
11c · Fees: accounting
total $35,495 · program services $8,407 · management and general $26,113 · fundraising $975
-
11f · Fees: investment management
total $8,403 · program services $0 · management and general $8,403 · fundraising $0
-
11g · Fees: other
total $106,184 · program services $60,151 · management and general $15,209 · fundraising $30,824
-
12 · Advertising and promotion
total $645 · program services $85 · management and general $440 · fundraising $120
-
13 · Office expenses
total $81,835 · program services $52,801 · management and general $12,017 · fundraising $17,017
-
14 · Information technology
total $29,550 · program services $20,686 · management and general $4,432 · fundraising $4,432
-
16 · Occupancy
total $112,643 · program services $101,659 · management and general $5,553 · fundraising $5,431
-
17 · Travel
total $7,837 · program services $7,743 · management and general $82 · fundraising $12
-
20 · Interest
total $12,352 · program services $5,462 · management and general $6,888 · fundraising $2
-
22 · Depreciation, depletion and amortization
total $72,292 · program services $54,019 · management and general $8,925 · fundraising $9,348
-
23 · Insurance
total $41,896 · program services $31,422 · management and general $5,237 · fundraising $5,237
-
24a · Other expenses: EQUIPMENT
total $6,950 · program services $6,219 · management and general $492 · fundraising $239
-
24b · Other expenses: SUBSCRIPTIONS/PROGRAM MATERIAL
total $15,614 · program services $9,309 · management and general $4,145 · fundraising $2,160
-
24c · Other expenses: MISCELLANEOUS
total $20,794 · program services $8,535 · management and general $12,061 · fundraising $198
-
24d · Other expenses: FOOD
total $16,472 · program services $15,136 · management and general $1,276 · fundraising $60
-
24e · All other expenses
total $326,094 · program services $303,189 · management and general $4,666 · fundraising $18,239
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $80,697 · end of year $175,739
-
2 · Savings and temporary cash investments
beginning of year $329,927 · end of year $223,716
-
3 · Pledges and grants receivable
beginning of year $401,631 · end of year $278,183
-
4 · Accounts receivable
beginning of year $246,665 · end of year $291,525
-
9 · Prepaid expenses and deferred charges
beginning of year $37,682 · end of year $41,115
-
10a · Land, buildings and equipment: cost or other basis
$2,196,542
-
10b · Land, buildings and equipment: accumulated depreciation
$1,520,787
-
10c · Land, buildings and equipment, net
beginning of year $723,801 · end of year $675,755
-
11 · Investments: publicly traded securities
beginning of year $1,594,103 · end of year $1,724,507
-
17 · Accounts payable and accrued expenses
beginning of year $214,250 · end of year $270,348
-
23 · Secured mortgages and notes payable
beginning of year $118,926 · end of year $100,790
-
24 · Unsecured notes and loans payable
beginning of year $150,000
-
27 · Net assets without donor restrictions
beginning of year $2,383,874 · end of year $2,492,233
-
28 · Net assets with donor restrictions
beginning of year $547,456 · end of year $547,169
Mission and programs · 2022
Mission
WELLSPRING INSPIRES FAMILIES AND ADULTS ON THE NORTH SHORE TO ACHIEVE EMPLOYMENT AND FINANCIAL SECURITY THROUGH STABLE HOUSING, EDUCATION, JOB TRAINING AND CAREER READINESS.
-
FAMILY SHELTER AND HOMELESSNESS PREVENTION: A SHELTER PROGRAM AND RELATED CASE MANAGEMENT SERVICES FOR HOMELESS FAMILIES OR THOSE AT SERIOUS RISK FOR HOMELESSNESS. FAMILIES REQUIRE SHELTER AND/OR HOMELESSNESS PREVENTION ASSISTANCE BECAUSE MARKET RATE RENTS ARE BEYOND THEIR MEANS.
Expenses $954,061 · Grants $18,656 · Revenue $979,537
-
AFFORDABLE HOUSING: PROVISION OF SUBSIDIZED HOUSING THROUGH A PARTNERSHIP WITH GLOUCESTER HOUSING AUTHORITY
Expenses $186,590 · Revenue $268,956
-
COMMUNITY EDUCATION: OFFERING EDUCATION, JOB TRAINING AND CAREER READINESS OPPORTUNITIES TO HELP YOUTH AND ADULTS SECURE EMPLOYMENT WITH HIGHER WAGES TO ACHIEVE FINANCIAL SECURITY
Expenses $819,392 · Grants $68,845 · Revenue $14,934
-
MEDICLERK TRAINING PROGRAM: 450-HOUR JOB TRAINING COURSE PREPARING LOCAL ADULTS FOR ADMINISTRATIVE POSITIONS IN HEALTH CARE ENVIORNMENTS.
Expenses $278,661 · Revenue $192,868
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
ROSEMARY COSTELLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MELISSA A DIMOND
PRESIDENT AND EXECUTIVE DIRECTOR
- Total calculated
- $118,046
- From this org
- $116,106
- From related orgs
- $0
- Other
- $1,940
- Hours/week
- 40
-
Karim Benali
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JULIA FROST
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
PATRICIA FAE HO
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Michelle Langille
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Steve Cohen
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Gonzalo Verdugo
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Shelia Dykstra
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Pete Michaels
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
NICOLE TWOMEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
ANTHONY BARBUTO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
LEO ZERILLI
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Ingrid Mitchell
CLERK
- Total calculated
- $0
- Hours/week
- 2
-
Amy Kingman
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
CATHY BILOTTA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
BONNIE FENDROCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
PURVI HARLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
BERNADETTE ORR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JENNY PERKIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JOAN QUINLAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JENNIFER WARRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 22 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440239349300914
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.