Nonprofit · EIN 56-2217797
WELL-SPRING FOUNDATION
Tax-exempt · GREENSBORO, NC 27410
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $24,984,519 | $1,571 | $24,982,948 | $35,958,884 | $110,608 | $35,848,276 |
| December 31, 2024 | 990 | $1,496,459 | $1,727,371 | -$230,912 | $10,938,452 | $73,124 | $10,865,328 |
| December 31, 2023 | 990 | $945,355 | $1,322,118 | -$376,763 | $11,697,990 | $601,750 | $11,096,240 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $22,980,711
- Program service revenue
- $0
- Investment income
- $2,003,808
- Net gain from sales of assets
- $626
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,571
- Management and general (functional)
- $1,571
Balance sheet and other
- Total assets, start of year
- $10,938,452
- Total assets, end of year
- $35,958,884
- Total liabilities, end of year
- $110,608
- Net assets, end of year
- $35,848,276
- Net assets without donor restrictions
- $30,175,670
- Net assets with donor restrictions
- $5,672,606
- Gross receipts
- $25,000,731
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN P FLEMING | PRESIDENT Officer | 2 | $0 | $665,492 | $45,534 |
| K ALAN TUTTEROW | TREASURER Officer | 2 | $0 | $421,303 | $33,396 |
| BEN ZURAW | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CHARLES LUCAS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHARLES T HAGAN III | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVY DAVIDSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIM CLONTZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATHRYN COOKIE BILLINGS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WENDY GATLIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN P FLEMING | PRESIDENT Officer | 2 | $0 | $534,571 | $49,201 |
| K ALAN TUTTEROW | CFO Officer | 2 | $0 | $410,135 | $37,740 |
| ANTHONY BOYD | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CHARLES LUCAS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHARLES T HAGAN III | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVY DAVIDSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER KOENIG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATHRYN COOKIE BILLINGS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WENDY GATLIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN P FLEMING | PRESIDENT Officer | 2 | $0 | $447,834 | $34,843 |
| K ALAN TUTTEROW | CFO Officer | 2 | $0 | $434,923 | $23,512 |
| ANTHONY BOYD | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CHARLES LUCAS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHARLES T HAGAN III | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVY DAVIDSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER KOENIG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATHRYN COOKIE BILLINGS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WENDY GATLIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5603 NEW GARDEN VILLAGE DR, GREENSBORO, NC 27410-8595
- In care of
- % K ALAN TUTTEROW
- Principal officer (990 for 2025)
- TIMOTHY J WEBSTER, 5603 NEW GARDEN VILLAGE DR, GREENSBORO, NC 27410
- Signed the 990
- RHONDA CUMMONS, DIRECTOR OF FINANCE
- Phone
- (336) 545-5418
Mission
WELL-SPRING FOUNDATION PROVIDES FINANCIAL SUPPORT TO WELL-SPRING RETIREMENT COMMUNITY. THE PRIMARY FINANCIAL SUPPORT IS FOR HEALTH CARE SERVICE PROVIDED AND CHARITY CARE.
Program accomplishments
- 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.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2217797
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $35,958,884
- Income (IRS master file)
- $25,000,731
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $24,984,519 | $1,571 | $35,958,884 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $1,496,459 | $1,727,371 | $10,938,452 | XML |
| 990 | December 2023 | $945,355 | $1,322,118 | $11,697,990 | XML |
| 990 | December 2022 | $1,308,920 | $681,565 | $11,257,578 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2217797).
Questions about WELL-SPRING FOUNDATION
- What is the EIN of WELL-SPRING FOUNDATION?
- The employer identification number (EIN) of WELL-SPRING FOUNDATION is 56-2217797.
- Is WELL-SPRING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to WELL-SPRING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does WELL-SPRING FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WELL-SPRING FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WELL-SPRING FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WELL-SPRING FOUNDATION?
- The 990 for the year ended December 31, 2025 names TIMOTHY J WEBSTER.
- Who are the officers and directors of WELL-SPRING FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does WELL-SPRING FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $24,984,519, expenses of $1,571 and total assets of $35,958,884 at year end.
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All nonprofits in GREENSBORO · North Carolina · Philanthropy, voluntarism and grantmaking foundations