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Nonprofiteer
← WELLSPRING COOPERATIVE CORPORATION

Form 990 for tax year 2022

Filed by WELLSPRING COOPERATIVE CORPORATION.

Totals

Total revenue
$365,841
Total expenses
$336,695
Contributions and grants received
$362,817
Grants paid
$0
Program service revenue
$3,024
Investment income
$0
Other revenue
$0
Total assets, end of year
$680,277
Total liabilities, end of year
$473,046
Net assets or fund balances, end of year
$207,231
Program services expenses (Part IX)
$104,549
Management and general expenses
$203,979
Fundraising expenses
$28,167
Program service expenses (Part III)
$104,549

Program services were 31.1% 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.

  • 1e · Government grants (contributions)

    $193,954

  • 1f · All other contributions, gifts and grants

    $168,863

  • 2a · Program service revenue: FEE FOR SERVICES

    total $3,024 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $147,886 · program services $0 · management and general $147,886 · fundraising $0

  • 7 · Other salaries and wages

    total $80,538 · program services $25,127 · management and general $30,284 · fundraising $25,127

  • 10 · Payroll taxes

    total $23,756 · program services $2,613 · management and general $18,530 · fundraising $2,613

  • 11a · Fees: management

    total $619 · program services $0 · management and general $619 · fundraising $0

  • 11b · Fees: legal

    total $3,325 · program services $0 · management and general $3,325 · fundraising $0

  • 11g · Fees: other

    total $1,001 · program services $0 · management and general $1,001 · fundraising $0

  • 12 · Advertising and promotion

    total $79 · program services $61 · management and general $9 · fundraising $9

  • 13 · Office expenses

    total $2,638 · program services $2,209 · management and general $131 · fundraising $298

  • 23 · Insurance

    total $1,090 · program services $120 · management and general $850 · fundraising $120

  • 24a · Other expenses: SUPPLIES

    total $752 · program services $752 · management and general $0 · fundraising $0

  • 24b · Other expenses: EDUCATION AND TRAINING

    total $150 · program services $0 · management and general $150 · fundraising $0

  • 24c · Other expenses: GIFTS

    total $500 · program services $500 · management and general $0 · fundraising $0

  • 24d · Other expenses: LICENSES AND FEES

    total $1,194 · program services $0 · management and general $1,194 · fundraising $0

  • 24e · All other expenses

    total $73,167 · program services $73,167 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $200,436

  • 4 · Accounts receivable

    end of year $479,841

  • 18 · Grants payable

    end of year $36,000

  • 19 · Deferred revenue

    end of year $437,046

  • 27 · Net assets without donor restrictions

    end of year $156,042

  • 28 · Net assets with donor restrictions

    end of year $51,189

Mission and programs · 2022

Mission

WELLSPRING'S MISSION IS TO CREATE AN ECONOMY THAT IS COOPERATIVE, EQUITABLE, DEMOCRATIC, AND SUSTAINABLE. WE WORK WITH HISTORICALLY UNDER-SERVED COMMUNITIES IN THE GREATER SPRINGFIELD REGION BY DEVELOPING A NETWORK OF WORKER COOPERATIVES AND BY SUPPORTING COMMUNUTY-LED INITIATIVES TO CULTIVATE COOPERATIVES AND COLLECTIVE WELL-BEING.

Activities or mission (Part I)

TO CREATE A NETWORK OF WORKER-OWNED FIRMS TO PROVIDE JOBS AND WEALTH FOR LOW-INCOME RESIDENTS OF THE CITY.

  • COOPERATIVE BUSINESS DEVELOPMENT - WELLSPRING SUPPORTS THE FORMATION OF NEW COOPERATIVE BUSINESS, ASSISTED EMERGIGING COOPERATIVE BSUINESS AND PARTICIPATED IN NATIONAL CHILDCARE COLLABORATION AND TRAINING. COMMUNICATIONS ABOUT WELLSPRING'S COOPERATIVE MISSION AND PROGRAMS BOTH INTERNALLY AND IN THE WIDER COMMUNITY THROUGH NEWSLETTERS, SOCIAL MEDIA AND PUBLIC EVENTS.

    Expenses $104,549 · Grants $39,586 · Revenue $3,024

As filed on the 2022 return.

Listed in Part VII

  • EMILY KAWANO

    CO-DIRECTOR

    Total calculated
    $73,943
    From this org
    $73,943
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • FRED ROSE

    CO-DIRECTOR

    Total calculated
    $73,943
    From this org
    $73,943
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • TRACYE WHITFIELD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • ERNESTO CRUZ

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • RONALD MOLINA-BRANTLEY

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • TODD BAILEY

    CLERK

    Total calculated
    $0
    Hours/week
    0.5

  • NATALIE COTTON-NESSLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TERRY GIBSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BOONE SHEAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JORGE PEREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JULIA AGRON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JEFF JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JAMES JASPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • WELLSPRING INVESTMENT FUND

    501 (C) (3) · RAISE CAPITAL TO SUPPORT WELLSPRING COOPERATIVE CORPORATION · MA

    Directly controlled by WELLSPRING COOPERATIVE CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
28 March 2024
IRS schema version
2022v5.0
Source object
202431289349301003

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