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Well-Spring Foundation

Public charity · Grantmaker Greensboro, NC EIN: 56-2217797 Website

Well-Spring Foundation provides financial support to well-spring retirement community. The primary financial support is for health care service provided and charity care.

Key facts about Well-Spring Foundation

In short: Well-Spring Foundation gave $675K across 1 grant in 2024 (avg $675K), mostly in North Carolina. Source: 2024 IRS Form 990.

EIN
56-2217797
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$675,244
Grants made (2024)
1
Average grant
$675,244
Median grant
$675,244
Total assets
$10,938,452
Primary geography
North Carolina (100% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$10.9M

-6.5% YoY

Annual Giving

$675K

+21.2% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$675K

+21.2% YoY

How Well-Spring Foundation gives

  • Giving grew 325% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

About Well-Spring Foundation

Based on IRS filings

Well-Spring Foundation is a public charity, based in Greensboro, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.9M in total assets. In 2024, it awarded 1 grant totaling $675K. Net investment income was $910K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

Cities

Greensboro

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $152K (2020) to $675K (2024). In 2024 it made 1 grant totaling $675K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2024

Well-Spring Retirement Community: $675KWell-Spring RetirementCommunity$675K

The largest 2024 recipient was Well-Spring Retirement Community ($675K).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K3$100–250K$250–500K2$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 3 grants of 5 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Well-Spring Retirement Community Greensboro, NCGeneral Support$675,244

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$1M$2M$3M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$10,938,452$11,697,990$11,257,578
Revenue$1,496,459$945,355$1,308,920
Expenses$1,727,371$1,322,118$681,565
Net Investment Income$910,417$395,499$419,754

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 11, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS December 22, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS September 25, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS October 9, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Well-Spring Foundation is led by Stephen P. Fleming, President on every filing since 2020; none of the 9 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Stephen P. Fleming

    President

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Anthony Boyd

    Chairperson

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Charles T. Hagan III

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Davy Davidson

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Kathryn Cookie Billings

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Wendy Gatlin

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Jennifer Koenig

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Charles Lucas

    Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

  • K. Alan Tutterow

    CFO

    On filings since 2022

    2 hrs/week

    No compensation reported

Former officers (3)
  • Former: Brian Tuckmantel (2022) — Treasurer
  • Former: Ann Zuraw (2020–2021) — Director
  • Former: Don Gwynn (2020–2021) — Treasurer

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Well-Spring Foundation

How much does Well-Spring Foundation give each year?

Well-Spring Foundation gave $675K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $557K across 1 grant.

How large is Well-Spring Foundation?

Well-Spring Foundation reported $10.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.5M.

Where does Well-Spring Foundation operate?

Well-Spring Foundation has awarded grants in North Carolina.

What is Well-Spring Foundation's EIN?

Well-Spring Foundation's EIN (Employer Identification Number) is 56-2217797. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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