Well-spring Retirement Community Inc

GREENSBORO, NC EIN: 56-1497371

WELL-SPRING IS A NOT-FOR-PROFIT ORGANIZATION PROVIDING AGING-ADULT SERVICES WHICH CREATE AN EXPERIENCE THAT EXCEEDS THE NEEDS OF AN EVOLVING POPULATION OF OLDER ADULTS.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$139.1M

+0.3% YoY

Annual Giving

$508K

-16.6% YoY

Grant Count

10

-37.5% YoY

Avg Grant Size

$51K

+33.4% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$12M$24M$35M$47M20202021202220232024
Metric202420232022
Total Assets$139,126,189$138,730,668$137,378,238
Revenue$42,978,331$39,926,094$36,704,666
Expenses$41,407,976$41,111,393$36,925,554
Qualifying Distributions
Net Investment Income$3,037,279$1,515,409$1,416,879
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$243K$486K$729K$972K24 grants20200 grants202132 grants202216 grants202310 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

ADULT CENTER FOR ENRICHM…$328KCONE HEALTH$75KAUTHORACARE FOUNDATION$48KDOWNTOWN GREENWAY$14KGREENSBORO SYMPHONY ORCH…$10KAPPALACHIAN STATE UNIVER…$10KALZHEIMER S ASSOCIATION$8KNORTH CAROLINA FOR COMMU…$6KBETH DAVID SYNAGOGUE$5KGREENSBORO LITERARY ORGA…$5K

Grant Size Distribution

82 grants across all recorded years

72<$50K4$50–100K2$100–250K4$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Well-spring Retirement Community Inc fund?

Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

MISTI RIDENOUREXECUTIVE DIRECTOR$236KMICHAEL JONESDIRECTOR OF HEALTH SERVICES$171KTODD DUMKEDIRECTOR OF DINING SERVICES$142KSUSAN SUEKDIRECTOR OF NURSING$140KPHILIP JOHNSONDIRECTOR OF FACILITIES$126K

From 2024 filing

NameTitleHoursCompensation
KENNETH BOGGSVICE-CHAIR IMM PAST CHAI1
KATHRYN COOKIE BILLINGSCHAIR1
JERRY BAILEYBOARD MEMBER1
JEAN DAVISONASSISTANT SECRETARY1
ANTHONY BOYDBOARD MEMBER1
CHRIS BROWNBOARD MEMBER1
WARREN WEBSTERBOARD MEMBER1
BARRY CANNERBOARD MEMBER1
BOB CHANDLERBOARD MEMBER1
TIM CLONTZBOARD MEMBER1
SALLY CONEBOARD MEMBER1
WENDY GATLINBOARD MEMBER1
JENNIFER KOENIGBOARD MEMBER1
BONNIE MCALISTERBOARD MEMBER1
BOB POWELLBOARD MEMBER1
SUSAN SHUMAKERBOARD MEMBER1
BEN ZURAWBOARD MEMBER1
STEPHEN P FLEMINGPRESIDENT CEO5
K ALAN TUTTEROWSECRETARY INTERIM TREAS5
MISTI RIDENOUREXECUTIVE DIRECTOR40$236,213
TODD DUMKEDIRECTOR OF DINING SERVICES40$141,889
PHILIP JOHNSONDIRECTOR OF FACILITIES40$126,277
SUSAN SUEKDIRECTOR OF NURSING40$140,490
MICHAEL JONESDIRECTOR OF HEALTH SERVICES40$171,264

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

2states

Cities

BooneChicagoElonGrahamGreensboroJamestownRaleighResearch Triangle ParkWillow SpringsWinston Salem

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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