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Nonprofiteer
← WELLSPRING COOPERATIVE CORPORATION

Form 990 for tax year 2023

Filed by WELLSPRING COOPERATIVE CORPORATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 18 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$817,543 changed to $832,722
Total expenses
$647,181 changed to $658,625
Contributions and grants received
$799,810 changed to $803,770
Grants paid
$42,390 changed to $275,424
Program service revenue
$17,536 changed to $13,576
Investment income
$1 changed to $15,376
Other revenue
$196 changed to $0
Total assets, end of year
$422,875 changed to $1,040,003
Total liabilities, end of year
$45,282 changed to $658,606
Net assets or fund balances, end of year
$377,593 changed to $381,397
Program services expenses
$392,173 changed to $416,738
Management and general expenses
$230,075 changed to $212,396
Fundraising expenses
$24,933 changed to $29,491
Program service expenses (Part III)
$392,173 changed to $416,738

Totals

Total revenue
$817,543
Total expenses
$647,181
Contributions and grants received
$799,810
Grants paid
$42,390
Program service revenue
$17,536
Investment income
$1
Other revenue
$196
Total assets, end of year
$422,875
Total liabilities, end of year
$45,282
Net assets or fund balances, end of year
$377,593
Program services expenses (Part IX)
$392,173
Management and general expenses
$230,075
Fundraising expenses
$24,933
Program service expenses (Part III)
$392,173

Program services were 60.6% 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.

  • 1b · Membership dues

    $40

  • 1e · Government grants (contributions)

    $610,640

  • 1f · All other contributions, gifts and grants

    $189,130

  • 2a · Program service revenue: FEE FOR SERVICES

    total $17,536 · related or exempt $17,536

  • 3 · Investment income

    total $1 · excluded $1

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $196 · unrelated business $196

  • 11e · Other revenue, total

    $196

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $42,390 · program services $42,390

  • 5 · Compensation of officers, directors and key employees

    total $170,612 · management and general $170,612

  • 7 · Other salaries and wages

    total $70,437 · program services $21,835 · management and general $26,767 · fundraising $21,835

  • 10 · Payroll taxes

    total $20,931 · program services $2,304 · management and general $16,323 · fundraising $2,304

  • 11c · Fees: accounting

    total $2,883 · management and general $2,883

  • 11g · Fees: other

    total $625 · management and general $625

  • 12 · Advertising and promotion

    total $4,935 · management and general $4,935

  • 13 · Office expenses

    total $454 · management and general $454

  • 16 · Occupancy

    total $7,385 · program services $7,385

  • 22 · Depreciation, depletion and amortization

    total $5,354 · management and general $5,354

  • 23 · Insurance

    total $1,689 · program services $186 · management and general $1,317 · fundraising $186

  • 24a · Other expenses: SPECIAL EVENT EXPENSES

    total $238,546 · program services $237,938 · fundraising $608

  • 24b · Other expenses: CONTRACT SERVICES

    total $78,167 · program services $78,167

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $825 · program services $825

  • 24d · Other expenses: LICENSE AND FEES

    total $745 · management and general $745

  • 24e · All other expenses

    total $1,203 · program services $1,143 · management and general $60

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200,436 · end of year $114,217

  • 4 · Accounts receivable

    beginning of year $479,841 · end of year $271,977

  • 10a · Land, buildings and equipment: cost or other basis

    $37,480

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,354

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $32,126

  • 15 · Other assets

    beginning of year $0 · end of year $4,555

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $28,637

  • 18 · Grants payable

    beginning of year $36,000 · end of year $0

  • 19 · Deferred revenue

    beginning of year $437,046 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $16,645

  • 27 · Net assets without donor restrictions

    beginning of year $156,042 · end of year $10,889

  • 28 · Net assets with donor restrictions

    beginning of year $51,189 · end of year $366,704

Mission and programs · 2023

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.

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 EMERGING COOPERATIVE BUSINESS AND PARTICIPATED IN NATIONAL CHILDCARE COLLABORATION AND TRIANING. COMMUNICATIONS ABOUT WELLSPRING'S COOPERATIVE MISSION AND PROGRAMS BOTH INTERNALLY AND IN THE WIDER COMMUNITY THROUGH NEWSLETTERS, SOCIAL MEDIA AND PUBLIC EVENTS.

    Expenses $392,173 · Grants $42,390 · Revenue $17,536

As filed on the 2023 return.

Listed in Part VII

  • TRAYCE 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 SHEER

    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

  • ALEX RODRIGUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • EMILY KAWANO

    CO-DIRECTOR

    Total calculated
    $85,306
    From this org
    $85,306
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • FRED ROSE

    CO-DIRECTOR

    Total calculated
    $85,306
    From this org
    $85,306
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349314568

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