Nonprofit · EIN 06-1610852
WELLSPRING CULTURAL AND EDUCATIONAL FOUNDATION INC
Tax-exempt · MILFORD, CT 06460
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $288,977 | $266,630 | $22,347 | $1,345,431 | $892,474 | $452,957 |
| June 30, 2023 | 990 | $341,900 | $325,858 | $16,042 | $1,383,073 | $952,463 | $430,610 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $288,977
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $110,052
- Salaries, compensation and benefits (total)
- $118,471
- Professional fundraising fees
- $0
- Accounting fees
- $500
- Occupancy
- $38,761
- Travel
- $5,669
- Depreciation
- $22,047
- Program services (functional)
- $211,786
- Management and general (functional)
- $51,574
Balance sheet and other
- Total assets, start of year
- $1,383,073
- Total assets, end of year
- $1,345,431
- Total liabilities, end of year
- $892,474
- Net assets, end of year
- $452,957
- Land, buildings and equipment
- $1,181,940
- Net assets without donor restrictions
- $452,957
- Gross receipts
- $288,977
- Employees
- 1
- Year formed
- 2001
- State of legal domicile
- CT
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 June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUAT YIGIT | EXECUTIVE DIRECTOR Key employee | 40 | $110,052 |
| ISMAIL YILMAZ | PRESIDENT Trustee or director | 2 | $0 |
| ADEM KALKAN | VICE PRESIDENT Trustee or director | 2 | $0 |
| SULEYMAN ER | SECRETARY Trustee or director | 2 | $0 |
| FERHAT SAHIN | TREASURER Trustee or director | 2 | $0 |
| MAHIYE AKSU | MEMBER Trustee or director | 2 | $0 |
| BURAK CIVELEK | MEMBER Trustee or director | 2 | $0 |
| AYSE GENC | MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUAT YIGIT | EXECUITVE DIRECTOR Key employee | 40 | $88,800 |
| ISMAIL YILMAZ | PRESIDENT Trustee or director | 2 | $0 |
| ADEM KALKAN | VICE PRESIDENT Trustee or director | 2 | $0 |
| SULEYMAN ER | SECRETARY Trustee or director | 2 | $0 |
| FERHAT SAHIN | TREASURER Trustee or director | 2 | $0 |
| MAHIYE AKSU | MEMBER Trustee or director | 2 | $0 |
| BURAK CIVELEK | MEMBER Trustee or director | 2 | $0 |
| AYSE GENC | MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 9 RESEARCH DR, MILFORD, CT 06460-2863
- In care of
- % ISMAIL YILMAZ
- Principal officer (990 for 2023)
- ISMAIL YILMAZ, 9 RESEARCH DRIVE, MILFORD, CT 06460
- Signed the 990
- ISMAIL YILMAZ, PRESIDENT
- Phone
- (203) 934-4900
- Return prepared by
- CONFIDENCE ACCOUNTING SERVICES LLC
Mission
RUN PROGRAMS TO PROMOTE UNDERSTANDING OF TURKISH CULTURE AND TURKISH LANGUAGE IN THE UNITED STATES OF AMERICA.
Program accomplishments
- TO ESTABLISH, MAINTAIN AND NOURISH EDUCATIONAL AND CULTURAL PROGRAMS FOR THE BENEFIT OF TURKISH AMERICANS AND PERSONS OF TURKISH-AMERICAN DESCENT.Expenses $211,786
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1610852
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $1,345,431
- Income (IRS master file)
- $288,977
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $288,977 | $266,630 | $1,345,431 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $341,900 | $325,858 | $1,383,073 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $254,901 | $127,934 | $1,407,199 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 06-1610852).
Questions about WELLSPRING CULTURAL AND EDUCATIONAL FOUNDATION INC
- What is the EIN of WELLSPRING CULTURAL AND EDUCATIONAL FOUNDATION INC?
- The employer identification number (EIN) of WELLSPRING CULTURAL AND EDUCATIONAL FOUNDATION INC is 06-1610852.
- Is WELLSPRING CULTURAL AND EDUCATIONAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to WELLSPRING CULTURAL AND EDUCATIONAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WELLSPRING CULTURAL AND EDUCATIONAL FOUNDATION INC 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 WELLSPRING CULTURAL AND EDUCATIONAL FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WELLSPRING CULTURAL AND EDUCATIONAL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of WELLSPRING CULTURAL AND EDUCATIONAL FOUNDATION INC?
- The 990 for the year ended June 30, 2024 names ISMAIL YILMAZ.
- Who are the officers and directors of WELLSPRING CULTURAL AND EDUCATIONAL FOUNDATION INC?
- The 990 for the year ended June 30, 2024 lists 8 people; 1 received compensation from the organization, the highest $110,052 (SUAT YIGIT, EXECUTIVE DIRECTOR).
- How much revenue does WELLSPRING CULTURAL AND EDUCATIONAL FOUNDATION INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $288,977, expenses of $266,630 and total assets of $1,345,431 at year end.
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