Nonprofit · EIN 22-3692921
WELLSPRING PHILANTROPIC FUND INC
Tax-exempt · NEW YORK, NY 10020
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2024 | 990-PF | $329,254,342 | $372,107,738 | -$42,853,396 | $134,402,548 | $51,152,042 | $83,250,506 |
| November 30, 2023 | 990-PF | $374,958,422 | $319,823,556 | $55,134,866 | $180,009,489 | $53,905,587 | $126,103,902 |
Financial details: 990-PF for the year ended November 30, 2024
Revenue
- Contributions, gifts and grants
- $320,000,000
- Interest
- $9,228,977
- Other income
- $25,365
Expenses
- Grants and similar amounts paid
- $325,972,949
- Compensation of officers, directors and key employees
- $1,932,056
- Salaries, compensation and benefits (total)
- $16,979,686
- Disbursements for charitable purposes
- $371,268,359
- Excise tax on investment income
- $128,252
Balance sheet and other
- Total assets, start of year
- $180,009,489
- Total assets, end of year
- $134,402,548
- Total liabilities, end of year
- $51,152,042
- Net assets, end of year
- $83,250,506
- Fair market value of assets
- $134,402,548
- Qualifying distributions
- $372,930,519
- Net investment income
- $9,229,154
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-PF for the year ended November 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN R TAYLOR 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | PRESIDENT/TRUSTEE | 40 | $916,072 | $107,668 |
| JEANNE HAWS 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | CHIEF OPERATING OFFI Highest-paid employee | 40 | $702,209 | $117,920 |
| TODD COX 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | VICE PRESIDENT OF PR Highest-paid employee | 40 | $681,102 | $105,077 |
| KRISTEN GURDIN 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | GENERAL COUNSEL & SECRETARY | 40 | $610,719 | $101,150 |
| LUCILLE RENWICK 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | CHIEF COMMUNICATION Highest-paid employee | 40 | $529,334 | $104,702 |
| MARY LESLEY CARSON 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | PROGRAM DIRECTOR Highest-paid employee | 40 | $472,437 | $90,984 |
| MANISHA MEHTA 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | PROGRAM DIRECTOR Highest-paid employee | 40 | $470,501 | $90,719 |
| RAYMOND ENG 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | TREASURER/DIRECTOR OF FINANCE | 40 | $378,602 | $82,684 |
| MICHAEL HIRSCHHORN 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | FOREIGN GRANTS OFFICER | 2 | $26,663 | $0 |
| BLTN HOLDINGS LLC 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | MEMBER | 1 | $0 | $0 |
| C FRED TAYLOR 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | TRUSTEE | 1 | $0 | $0 |
| W MYLES TAYLOR 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | TRUSTEE | 1 | $0 | $0 |
| JENNIFER REYNOSO 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | TRUSTEE | 1 | $0 | $0 |
990-PF for the year ended November 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN R TAYLOR 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | PRESIDENT/TRUSTEE | 40 | $806,757 | $105,323 |
| JEANNE HAWS 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | CHIEF OPERATING OFFI Highest-paid employee | 40 | $569,539 | $114,032 |
| TODD COX 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | VICE PRESIDENT OF PR Highest-paid employee | 40 | $553,502 | $96,870 |
| LUCILLE RENWICK 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | CHIEF COMMUNICATIONS Highest-paid employee | 40 | $411,840 | $106,144 |
| KRISTEN GURDIN 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | SEC./GC AS OF MAR 2023 | 40 | $366,024 | $69,767 |
| MARY LESLEY CARSON 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | PROGRAM DIRECTOR Highest-paid employee | 40 | $361,850 | $88,443 |
| MANISHA MEHTA 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | PROGRAM DIRECTOR Highest-paid employee | 40 | $360,877 | $87,907 |
| RAYMOND ENG 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | TREASURER/DIR. OF FINANCE | 40 | $284,802 | $78,156 |
| JENNIFER REYNOSO 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | SEC./GC THRU FEB 2023 THEN TRUSTEE | 15 | $117,907 | $45,253 |
| MICHAEL HIRSCHHORN 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | FOREIGN GRANTS OFFICER | 2 | $31,680 | $0 |
| BLTN HOLDINGS LLC C/O LOWENSTEIN SANDLER 1 LOWENSTEIN, DRIVE, ROSELAND, NJ 07068 | MEMBER | 1 | $0 | $0 |
| C FRED TAYLOR 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | TRUSTEE | 1 | $0 | $0 |
| W MYLES TAYLOR 10 TIMES SQ 1441 BROADWAY, NEW YORK, NY 10018 | TRUSTEE | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1251 AVENUE OF AMERICAS, NEW YORK, NY 10020-0000
- In care of
- % RAYMOND ENG
- Signed the 990-PF
- JOHN TAYLOR, PRESIDENT/TRUSTEE
- Phone
- (212) 609-2622
- Website
- WWW.WPFUND.ORG
- Return prepared by
- CLARK NUBER PS
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | Not on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990-PF on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990-PF on file |
IRS record
- EIN
- 22-3692921
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2000
- Accounting year ends
- November
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $134,402,548
- Income (IRS master file)
- $329,254,342
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | November 2024 | $329,254,342 | $372,107,738 | $134,402,548 | XML |
| 990-PF | November 2023 | $374,958,422 | $319,823,556 | $180,009,489 | XML |
| 990-PF | November 2022 | – | – | – | IRS |
| 990-PF | November 2021 | – | – | – | IRS |
| 990-PF | November 2020 | – | – | – | IRS |
| 990-PF | November 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 22-3692921).
Questions about WELLSPRING PHILANTROPIC FUND INC
- What is the EIN of WELLSPRING PHILANTROPIC FUND INC?
- The employer identification number (EIN) of WELLSPRING PHILANTROPIC FUND INC is 22-3692921.
- Is WELLSPRING PHILANTROPIC FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to WELLSPRING PHILANTROPIC FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WELLSPRING PHILANTROPIC FUND INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WELLSPRING PHILANTROPIC FUND INC due?
- The return for tax year 2024 (the year ending November 30, 2025) is due April 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WELLSPRING PHILANTROPIC FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended November 2024.
- Who are the officers and directors of WELLSPRING PHILANTROPIC FUND INC?
- The 990-PF for the year ended November 30, 2024 lists 13 people; 9 received compensation from the organization, the highest $916,072 (JOHN R TAYLOR, PRESIDENT/TRUSTEE).
- How much revenue does WELLSPRING PHILANTROPIC FUND INC have?
- On its 990-PF for the year ended November 30, 2024 it reported revenue of $329,254,342, expenses of $372,107,738 and total assets of $134,402,548 at year end.
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