//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Wellspring Foundation Inc. is a private corporation based in S PLAINFIELD, NJ. The foundation received its IRS ruling in 2011. The principal officer is Bruce Singleterry. It holds total assets of $635K. Annual income is reported at $63K. Total assets have grown from $203K in 2011 to $923K in 2023. The foundation is governed by 3 officers and trustees. Promotion of the religious book Science and Health With Key to the Scriptures. Thousands of downloads have been taken from the website www.wellspring1866.org. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Funding is distributed across 4 states, including New Jersey, Florida, District of Columbia. According to available records, Wellspring Foundation Inc. has made 16 grants totaling $139K, with a median grant of $2K. Annual giving has decreased from $99K in 2022 to $40K in 2023. Individual grants have ranged from $1K to $36K, with an average award of $9K. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in New Jersey, District of Columbia, Colorado, which account for 56% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$2K
Average Grant
$10K
Largest Grant
$36K
Based on 5 grants from the most recent 990-PF filing.
Promotion of the religious book "Science and Health With Key to the Scriptures". Thousands of downloads have been taken from the website www.wellspring1866.org.
Expenses: $3K
Promotion of the religious book Science and Health With Key to the Scriptures. Thousands of downloads have been taken from the website www.wellspring1866.org. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in NJ, DC, CO.
Wellspring Foundation Inc. has distributed a total of $139K across 16 grants. The median grant size is $2K, with an average of $9K. Individual grants have ranged from $1K to $36K.
Wellspring Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Wellspring Foundation Inc. is headquartered in S PLAINFIELD, NJ. While based in NJ, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gary Singleterry | Trustee | $0 | $0 | N/A |
| Mary Singleterry | Trustee | $0 | $0 | N/A |
| Bruce Singleterry | Trustee | $0 | $0 | N/A |
Total Giving
$46K
Total Assets
$923K
Fair Market Value
$800K
Net Worth
$923K
Grants Paid
$40K
Contributions
N/A
Net Investment Income
$69K
Distribution Amount
$44K
Total: N/A
Total Grants
16
Total Giving
$139K
Average Grant
$9K
Median Grant
$2K
Unique Recipients
10
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Plainfield Christian Science Church IndependentCharitable Donation | Plainfield, NJ | $20K | 2023 |
| Come And See FoundationCharitable Donation | Colorado Springs, CO | $10K | 2023 |
| Hillsdale CollegeCharitable Donation | Washington, DC | $5K | 2023 |
| Friends Of The Ashbrook CenterCharitable Donation | Ashland, OH | $2K | 2023 |
| Healing Unlimited IncCharitable Donation | Woodway, TX | $2K | 2023 |
| Sunrise Of Africa Scool Charitable FoundationCharitable Donation | Lake Barrington, IL | $1K | 2023 |
| Plainfield Christian Science ChurchCharitable Donation | Plainfield, NJ | $36K | 2022 |
| Patriots Path CouncilCharitable Donation | Cedar Knolls, NJ | $2K | 2022 |
| Sunrise Of Africa School CharitableCharitable Donation | Lake Barrington, IL | $1K | 2022 |
| Florida Family AssociationCharitable Donation | Tampa, FL | $1K | 2022 |