nonprofit logo

Wellspring Adoption Agency Inc

Adoption Minnesota

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411712804 ✦ Golden valley, MN ✦ Designated as a 501(c)(3)

Overview

What is Wellspring Adoption Agency Inc?

Wellspring Adoption Agency Inc, operating under the name Adoption Minnesota, is a nonprofit organization situated in Golden Valley, Minnesota. With a workforce of eight individuals, their primary mission is to provide adoption and support services for both birth and adoptive parents. This encompasses conducting thorough home studies for potential adoptive parents and offering counseling to both birth and adoptive families. In 2022, they were instrumental in 63 adoptions, demonstrating their commitment to facilitating the adoption process. Their services aim to ensure a smooth transition for all parties involved.


Official website here: www.adoption-minnesota.com

Is Wellspring Adoption Agency Inc legitimate?

Wellspring Adoption Agency Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellspring Adoption Agency Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $229,125

For more financial information, click here


Official website here: www.adoption-minnesota.com

What is the mission statement of Wellspring Adoption Agency Inc?

Wellspring Adoption Agency Inc, also known as Adoption Minnesota, is dedicated to offering adoption and support services for both birth parents and adoptive parents. Their mission, in essence, is to facilitate the adoption process and provide necessary assistance to all parties involved. The agency primarily conducts home studies for prospective adopters and offers counseling services to both birth and adoptive parents. In 2022, they were involved in 63 adoptions, demonstrating their commitment to this cause.


Official website here: www.adoption-minnesota.com

Who is the CEO of Wellspring Adoption Agency Inc?

Lynn Ricchio is the Executive Di of Wellspring Adoption Agency Inc.


Official website here: www.adoption-minnesota.com

What is the revenue of Wellspring Adoption Agency Inc?

Wellspring Adoption Agency Inc's revenue in 2022 was $888,633.


Official website here: www.adoption-minnesota.com

Who are the executives of Wellspring Adoption Agency Inc and what are their salaries?

The average compensation at Wellspring Adoption Agency Inc during 2022 was $28,641. There are 8 employees at Wellspring Adoption Agency Inc.

Here are 6 key members and their salaries:

    Lynn Ricchio (Executive Di) [Trustee/Director]
  • Compensation: $133,600
  • Related: $0
  • Other: $0

    • Amanda Warner (Associate Di)
  • Compensation: $103,206
  • Related: $0
  • Other: $0

    • Reid Bordson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melissa Olsen (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carnen Swenson (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maya Vukelich (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.adoption-minnesota.com

    Where can I find the form 990 for Wellspring Adoption Agency Inc?

    The Wellspring Adoption Agency Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.adoption-minnesota.com

    Learn more at the official website: www.adoption-minnesota.com

    Mission Statement of Wellspring Adoption Agency Inc

    Wellspring Adoption Agency Inc, also known as Adoption Minnesota, is committed to providing adoption and support services for both birthparents and adoptive parents. Their mission, in essence, is to facilitate the adoption process and offer necessary assistance to both sets of parents. The organization primarily focuses on conducting home studies for prospective adoptive parents and offering counseling services to birth and adoptive parents in relation to the adoption process. In the year 2022, Wellspring Adoption Agency Inc was instrumental in executing 63 adoptions, demonstrating their dedication and effectiveness in carrying out their mission.

    Impact

    This information is meant to be a general summary of Wellspring Adoption Agency Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Wellspring Adoption Agency Inc, operating as Adoption Minnesota, has had a significant impact by providing adoption and support services to both birthparents and adoptive parents. In 2022, the organization conducted services in connection with 63 adoptions. Wellspring primarily focuses on performing homestudies for adoptive parents and offering counseling to both birth and adoptive parents in order to facilitate successful adoptions. Through its work, Wellspring Adoption Agency Inc plays a crucial role in bringing families together and supporting individuals through the adoption process.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $724
  • Program Service Revenue: $882,426
  • Gross Receipts: $888,633

    • Assets and Liabilities:
  • Total Assets: $1,119,743
  • Total Liabilities: $0
  • Net Assets: $1,119,743
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PACKAGE INCOME

    Revenue

    $376,555

    BIRTH PARENT CONUSELING

    Revenue

    $198,950

    OTHER INCOME

    Revenue

    $188,326

    HOME STUDY

    Revenue

    $118,595

    Organization Details

    Founding Year

    1989

    Principal Officer

    Lynn Ricchio

    Main Address

    8441 WAYZATA BLVD SUITE 220, GOLDEN VALLEY, MN, 55426

    NTEE Category

    Code: X99Z - Religion related

    If you are a representative of Wellspring Adoption Agency Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.