Well-Spring Retirement Community
Well-Spring Retirement Community reported $43.0 million in revenue and $41.4 million in expenses for calendar year 2024. Of every $100 it spent, $91.05 went to program services, $8.76 to management and general costs and $0.19 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 90.4% of the total. The highest compensation it reported for one person was $583,772 (PRESIDENT CEO). 7 people received more than $100,000 in reportable compensation. Revenue rose 30% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $41MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $43MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.0% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.8% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.2% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 2.2% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 90.4% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $583,772 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.41% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 7 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 13.2 | 6.9 |
| Independent voting board members Part VI 1a–1b | 25 of 25 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseWell-Spring Retirement Community inc well-spring a north carolina nonprofit corporation was organized for the purpose of operating a continuing care Retirement Community. Well-spring is governed by a board of trustees composed of civic leaders currently consisting of 25 individuals who serve without compensation for staggered three-year terms. A multi-denominational group of churches in greensboro north carolina initially sponsored and provided leadership to well-spring. Rev. Rul. 72-124 1972-1 c.b. 145 sets out requirements that home for the aged must meet to qualify for section 501c 3…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT CEO Officer, 5.00 hrs/week | $0 | $534,571 | $49,201 | $583,772 |
| SECRETARY INTERIM TREAS Officer, 5.00 hrs/week | $0 | $410,135 | $37,740 | $447,875 |
| EXECUTIVE DIRECTOR Key employee, 40.00 hrs/week | $236,213 | $0 | $41,750 | $277,963 |
| DIRECTOR OF HEALTH SERVICES Key employee, 40.00 hrs/week | $171,264 | $0 | $30,408 | $201,672 |
| DIRECTOR OF NURSING Highest compensated employee, 40.00 hrs/week | $140,490 | $0 | $19,930 | $160,420 |
| DIRECTOR OF DINING SERVICES Highest compensated employee, 40.00 hrs/week | $141,889 | $0 | $16,690 | $158,579 |
| DIRECTOR OF FACILITIES Highest compensated employee, 40.00 hrs/week | $126,277 | $0 | $9,786 | $136,063 |
7 people received more than $100,000 in reportable compensation from Well-Spring Retirement Community (Part VII, line 2). Compensation of current officers, directors and key employees totaled $0 (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b25 · 25 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5646
- Volunteers Part I, line 617
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| RIGHT TOUCH INTERIORS LLC Flooring | $366,790 |
| ALVAREZ LANDSCAPE & LAWN MAINTENANCE Landscape | $353,788 |
| AMERICAN IDUSTRIAL LLC Construction | $312,082 |
| YELLOWSTONE LANDSCAPE Landscape | $194,748 |
| BOULTON CREATIVE Marketing | $150,873 |
Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Well-Spring Retirement Community totaling $1,100 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Well-Spring Retirement Community's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Well-Spring Retirement Community, you can publish a response that is linked from this page.
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Of every $100 Well-Spring Retirement Community spent in 2024, $91.05 went to programs. The full breakdown, from its IRS Form 990:
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All human services charities · Largest charities in North Carolina
Questions people ask
How much of Well-Spring Retirement Community's spending goes to programs?
In calendar year 2024, Well-Spring Retirement Community reported that 91.0% of its $41.4 million in expenses went to program services, 8.8% to management and general and 0.2% to fundraising (Form 990, Part IX).
How much does Well-Spring Retirement Community pay its top executive?
The largest total compensation Well-Spring Retirement Community reported for one person in calendar year 2024 was $583,772, for the role of PRESIDENT CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Well-Spring Retirement Community get its money?
Of $43.0 million in revenue in calendar year 2024, 2.2% came from contributions and grants and 90.4% from program service revenue (Form 990, Part VIII).
Is Well-Spring Retirement Community a registered charity?
The IRS lists EIN 56-1497371 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523179349305692 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202402699349301810 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323189349302312 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233569349300728 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123159349305412 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003119349300520 · read the filing
All filings for EIN 56-1497371: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.