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Well-Spring Foundation

Greensboro, NC · EIN 56-2217797 · 501(c)(3) · Supporting organization, Type I
Latest filing: Form 990 for calendar year 2025 (tax year 2025) · View the filing · Correct or respond

Well-Spring Foundation reported $25.0 million in revenue and $1,571 in expenses for calendar year 2025. Of every $100 it spent, $0.00 went to program services, $100.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 92.0% of the total. The highest compensation it reported for one person was $711,026 (PRESIDENT). Revenue rose 3893% between 2019 and 2025. Source: Form 990, 2025.

Where $100 of spending went

Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $1,571

Program services$0.00 $0
Management & general$100.00 $1,571
Fundraising$0.00 $0

For context, the median across 1,030 covered philanthropy, voluntarism & grantmaking charities: $91.67 programs, $6.50 management, $1.83 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2025 · Form 990, Part VIII · total revenue $25M

Contributions & grants (non-government)$91.98 $23M
Investment income$8.02 $2.0M

The 990 scorecard · same measures for every charity, no grades

2025 filing. Median across 1,030 covered charities in this category, from their latest filings.
Measure	2025	Median
Program services Part IX 25(B) ÷ 25(A)	0.0%	90.2%
Management & general Part IX 25(C) ÷ 25(A)	100.0%	6.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	1.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.00	$0.02
Contributions & grants share of revenue Part VIII 1h ÷ 12	92.0%	80.3%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	0.0%
Program service revenue share Part VIII 2g ÷ 12	0.0%	0.0%
Highest reported compensation Part VII-A, columns D–F	$711,026	$322,368
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	45259.45%	1.60%
People paid over $100,000 Part VII, line 2	0	3
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	273,825.2	58.9
Independent voting board members Part VI 1a–1b	7 of 7	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

2025 · Form 990, Part III · the three largest programs by expense

$0 expenses

Well-Spring Foundation is organized to serve exclusively as a supporting organization for the benefit of well-spring retirement community by carrying out purposes that are consistent with and that support the purpose of well-spring retirement community

Highest reported compensation

2025 · 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 Officer, 2.00 hrs/week	$0	$665,492	$45,534	$711,026
TREASURER Officer, 2.00 hrs/week	$0	$421,303	$33,396	$454,699

0 people received more than $100,000 in reportable compensation from Well-Spring Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $0 (Part IX, line 5).

7 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
2025 ⓘ	$25M	$1,571	0.0%	$36M	$711,026
2024 ⓘ	$1.5M	$1.7M	51.2%	$11M	$583,772
2023 ⓘ	$945K	$1.3M	58.1%	$11M	$482,677
2022 ⓘ	$1.3M	$682K	49.1%	$11M	$445,603
2021 ⓘ	$2.2M	$533K	95.2%	$13M	$405,531
2020 ⓘ	$1.4M	$392K	100.0%	$11M	$384,399
2019 ⓘ	$626K	$290K	100.0%	$9.3M	$394,735

Governance answers, as filed

2025 · 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–1b7 · 7 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 50

Correct a figure or respond

Every number above is copied from Well-Spring Foundation'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 Foundation, you can publish a response that is linked from this page.

Report a correction Respond as Well-Spring Foundation How this works

Similar-sized charities in this cause

Volunteer Florida Foundation
Tallahassee, FL · revenue $25M · programs 96.7% · FY2025
Sibley Medical Center
Arlington, MN · revenue $25M · programs 73.1% · 2024
Essex County Community Foundation
Beverly, MA · revenue $25M · programs 85.2% · FY2025
Herzog Tomorrow Foundation
Smithville, MO · revenue $25M · programs 94.7% · 2025
Closehaul Capital Charitable
Miami, FL · revenue $25M · programs 99.7% · FY2025

All philanthropy, voluntarism & grantmaking charities · Largest charities in North Carolina

Questions people ask

How much of Well-Spring Foundation's spending goes to programs?

In calendar year 2025, Well-Spring Foundation reported that 0.0% of its $1,571 in expenses went to program services, 100.0% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Well-Spring Foundation pay its top executive?

The largest total compensation Well-Spring Foundation reported for one person in calendar year 2025 was $711,026, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Well-Spring Foundation get its money?

Of $25.0 million in revenue in calendar year 2025, 92.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Well-Spring Foundation a registered charity?

The IRS lists EIN 56-2217797 as a 501(c)(3) organization (supporting organization, type i), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

2025: Form 990 for calendar year 2025, object 202642549349300104 · read the filing · XML
2024: Form 990 for calendar year 2024, object 202512839349300201 · read the filing
2023: Form 990 for calendar year 2023, object 202422699349301902 · read the filing
2022: Form 990 for calendar year 2022, object 202303189349313830 · read the filing
2021: Form 990 for calendar year 2021, object 202243569349300729 · read the filing
2020: Form 990 for calendar year 2020, object 202143159349305754 · read the filing
2019: Form 990 for calendar year 2019, object 202043169349301764 · read the filing

All filings for EIN 56-2217797: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.