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.
Public Charity
Well-Spring Foundation
Based in GREENSBORO, NC, Well-Spring Foundation operates as a Public Charity. The organization reported $25.0M in revenue, $2K in expenses, $36.0M in total assets for fiscal year 2025. Imperigo tracks 7 reported grants from this foundation totaling approximately $2.0M.
EIN: 562217797
GREENSBORO, NC
Public Foundations
NTEE: T30
Latest filing: 2025
Total Revenue$25.0M
Total Expenses$2K
Total Assets$36.0M
Grants Given7
Grant Total$2.0M
Filing Years2020–2025
Where $100 goes at Well-Spring Foundation
How Well-Spring Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$66
Programs
the work itself
$34
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $66 for programs
$66
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…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
GENERAL SUPPORT
$675,244
GENERAL SUPPORT
$557,248
GENERAL SUPPORT
$199,033
GENERAL SUPPORT
$151,558
FOR TWO CERTIFIED NURSING ASSISTANTS - ACTUAL PAY AT FMV PLUS BENEFITS.
$132,085
Showing up to 5 of 7 total records — full history available with membership.
Officers & Directors
CHAIRPERSON
Ben Zuraw
SECRETARY
Charles Lucas
DIRECTOR
Charles T Hagan Iii
DIRECTOR
Davy Davidson
TREASURER
K Alan Tutterow
DIRECTOR
Kathryn Cookie Billings
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $25.0M | $2K | $36.0M |
| 2024 | $1.5M | $1.7M | $10.9M |
| 2023 | $945K | $1.3M | $11.7M |
| 2022 | $1.3M | $682K | $11.3M |
| 2020 | $1.4M | $392K | $11.3M |
Between 2020 and 2025, reported annual revenue grew from $1.4M to $25.0M (+1627%), with total assets most recently reported at $36.0M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in NC.
NC
Full geographic grant map with state-by-state breakdown available with membership.