Well-Spring Foundation
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
The largest 2024 recipient was Well-Spring Retirement Community ($675K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 5 (60%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Well-Spring Retirement Community Greensboro, NC | General Support | $675,244 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
- Updated Form 990 for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS December 22, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 25, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 9, 2025)
- 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.
Here's the math on researching Well-Spring Foundation by hand.
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