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Wellspring Foundation Inc

Gary L Singleterry Ttee

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Operating Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$63.4k (2024)

Expenses
$352k (2024)

Total Assets
$635k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$63,447
Expenses
$352,044
Net Income
-$288,597
Net Assets
$634,501
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,000
7.9%
Interest Revenue $7
0.0%
Dividends $58,440
92.1%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $35,500
10.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $634,501
Total Liabilities $0
Net Assets $634,501
Compensation
Key Employees and Officers Compensation Other
Gary Singleterry (Trustee) $0 $0
Mary Singleterry (Trustee) $0 $0
Bruce Singleterry (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$72,145
Expenses
$46,299
Net Income
$25,846
Net Assets
$923,098
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $89
0.1%
Dividends $69,830
96.8%
Sales of Assets $0
Other Income $2,226
3.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $39,500
85.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $923,098
Total Liabilities $0
Net Assets $923,098
Compensation
Key Employees and Officers Compensation Other
Gary Singleterry (Trustee) $0 $0
Mary Singleterry (Trustee) $0 $0
Bruce Singleterry (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$73,727
Expenses
$107,135
Net Income
-$33,408
Net Assets
$897,252
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $73,727
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $49,500
46.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $897,252
Total Liabilities $0
Net Assets $897,252
Compensation
Key Employees and Officers Compensation Other
Gary Singleterry (Trustee) $0 $0
Mary Singleterry (Trustee) $0 $0
Bruce Singleterry (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$79,275
Expenses
$28,794
Net Income
$50,481
Net Assets
$930,660
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $47,591
60.0%
Sales of Assets $0
Other Income $31,684
40.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,000
34.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $930,660
Total Liabilities $0
Net Assets $930,660
Compensation
Key Employees and Officers Compensation Other
Gary Singleterry (Trustee) $0 $0
Mary Singleterry (Trustee) $0 $0
Bruce Singleterry (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$53,627
Expenses
$96,365
Net Income
-$42,738
Net Assets
$880,178
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $51,807
96.6%
Sales of Assets $1,414
2.6%
Other Income $406
0.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $13,000
13.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $880,179
Total Liabilities $1
Net Assets $880,178
Compensation
Key Employees and Officers Compensation Other
Gary Singleterry (Trustee) $0 $0
Mary Singleterry (Trustee) $0 $0
Bruce Singleterry (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$105,601
Expenses
$71,380
Net Income
$34,221
Net Assets
$922,916
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,000
4.7%
Interest Revenue $0
Dividends $70,232
66.5%
Sales of Assets $717
0.7%
Other Income $29,652
28.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $59,500
83.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $922,917
Total Liabilities $1
Net Assets $922,916
Compensation
Key Employees and Officers Compensation Other
Gary Singleterry (Trustee) $0 $0
Mary Singleterry (Trustee) $0 $0
Bruce Singleterry (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$65,124
Expenses
$106,217
Net Income
-$41,093
Net Assets
$888,696
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $9
0.0%
Dividends $63,769
97.9%
Sales of Assets $1,346
2.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $68,000
64.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $888,696
Total Liabilities $0
Net Assets $888,696
Compensation
Key Employees and Officers Compensation Other
Gary Singleterry (Trustee) $0 $0
Mary Singleterry (Trustee) $0 $0
Bruce Singleterry (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$83,182
Expenses
$45,077
Net Income
$38,105
Net Assets
$929,789
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $62,669
75.3%
Sales of Assets $694
0.8%
Other Income $19,819
23.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $28,000
62.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $929,789
Total Liabilities $0
Net Assets $929,789
Compensation
Key Employees and Officers Compensation Other
Gary Singleterry (Trustee) $0 $0
Mary Singleterry (Trustee) $0 $0
Bruce Singleterry (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$71,844
Expenses
$16,699
Net Income
$55,145
Net Assets
$891,684
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $57,777
80.4%
Sales of Assets $180
0.3%
Other Income $13,887
19.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,075
90.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $891,684
Total Liabilities $0
Net Assets $891,684
Compensation
Key Employees and Officers Compensation Other
Gary Singleterry (Trustee) $0 $0
Mary Singleterry (Trustee) $0 $0
Bruce Singleterry (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$33,570
Expenses
$86,581
Net Income
-$53,011
Net Assets
$836,539
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,454
4.3%
Interest Revenue $63,650
> 100%
Dividends $14,850
44.2%
Sales of Assets -$1,710
Other Income -$44,674
Notable Expenses Percent of Total Expenses
Charitable Disbursements $84,037
97.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $836,539
Total Liabilities $0
Net Assets $836,539
Compensation
Key Employees and Officers Compensation Other
Andrew Kidd (Development Manager) $60,000 $0
Gary Singleterry (Trustee) $0 $0
Mary Singleterry (Trustee) $0 $0
Bruce Singleterry (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$204,613
Expenses
$114,611
Net Income
$90,002
Net Assets
$889,550
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $112,190
54.8%
Interest Revenue $0
Dividends $79,532
38.9%
Sales of Assets -$271
Other Income $13,162
6.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $113,050
98.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $889,550
Total Liabilities $0
Net Assets $889,550
Compensation
Key Employees and Officers Compensation Other
Andrew Kidd (Development Manager) $80,000 $0
Gary Singleterry (Trustee) $0 $0
Mary Singleterry (Trustee) $0 $0
Bruce Singleterry (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$381,777
Expenses
$109,718
Net Income
$272,059
Net Assets
$799,548
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $333,186
87.3%
Interest Revenue $0
Dividends $32,797
8.6%
Sales of Assets $0
Other Income $15,794
4.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $109,026
99.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $799,548
Total Liabilities $0
Net Assets $799,548
Compensation
Key Employees and Officers Compensation Other
Andrew Kidd (Development Manager) $80,000 $0
Gary Singleterry (Trustee) $0 $0
Mary Singleterry (Trustee) $0 $0
Bruce Singleterry (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$451,619
Expenses
$124,595
Net Income
$327,024
Net Assets
$527,489
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $417,000
92.3%
Interest Revenue $0
Dividends $22,281
4.9%
Sales of Assets $0
Other Income $12,338
2.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $124,595
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $530,390
Total Liabilities $2,901
Net Assets $527,489

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$271,849
Expenses
$71,384
Net Income
$200,465
Net Assets
$200,465
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $270,000
99.3%
Interest Revenue $0
Dividends $1,849
0.7%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $71,384
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $203,477
Total Liabilities $3,012
Net Assets $200,465

Document Links

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The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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