WELLSPRING CULTURAL AND EDUCATIONAL FOUNDATION INC: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization
WELLSPRING CULTURAL AND EDUCATIONAL FOUNDATION INC (EIN 06-1610852)
Tax period
2009-07-01 to 2010-06-30
Filed
2011-05-03
IRS object ID
201101239349301210
Schema version
2009v1.7
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-05-03T19:48:31-05:00Timestamp
Tax Period End Date2010-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1ATLANTIC ACCOUNTING SERVICES LLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line13 HUDSON STAddressLine1
CityCLIFTONCity
StateNJState
ZIP Code07011ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2009-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN061610852EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1WELLSPRING CULTURAL & EDUCATIONALBusinessNameLine1
Business Name Line2FOUNDATION INCBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlWELLNameControl
Phone2039344900Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1727 CAMPBELL AVENUEAddressLine1
CityWEST HAVENCity
StateCTState
ZIP Code06516ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameERKAN GUMUSTEKINName
TitleACCOUNTANTTitle
Phone2039344900Phone
Date Signed2010-09-10DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameILKE OZAN BACAKName
Phone8882050036Phone
Date Prepared2011-05-03DatePrepared
FieldValueIRS element (for citing)
Tax Year2009TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeXAddressChange
Name Of Principal Officer PersonTUFAN AYDINNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line118 MAPLE STREETAddressLine1
CityPUTNAMCity
StateCTState
ZIP Code06260ZIPCode
FieldValueIRS element (for citing)
Gross Receipts2969798GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteHTTP://WWW.PUTNAMSCIENCE.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
State Legal DomicileCTStateLegalDomicile
Activity Or Mission DescriptionSCIENCE, MATHEMATICS, AND TECHNOLOGY, IT IS A SMALL STRUCTURED SCHOOL DELIVERING A RIGOROUS, INNOVATIVE EDUCATIONAL PROGRAM TO BOYSActivityOrMissionDescription
Nbr Voting Members Governing Body4NbrVotingMembersGoverningBody
Nbr Independent Voting Members4NbrIndependentVotingMembers
Total Nbr Employees46TotalNbrEmployees
Total Gross UBI0TotalGrossUBI
Contributions Grants Current Year198865ContributionsGrantsCurrentYear
Program Service Revenue CY2770933ProgramServiceRevenueCY
Investment Income Current Year0InvestmentIncomeCurrentYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Current Year2969798TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year1228215SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year88975TotalFundrsngExpCurrentYear
Other Expenses Current Year1173367OtherExpensesCurrentYear
Total Expenses Current Year2401582TotalExpensesCurrentYear
Revenues Less Expenses CY568216RevenuesLessExpensesCY
Total Assets BOY2813895TotalAssetsBOY
Total Assets EOY2876620TotalAssetsEOY
Total Liabilities BOY1722676TotalLiabilitiesBOY
Total Liabilities EOY1217185TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY1091219NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY1659435NetAssetsOrFundBalancesEOY
Mission DescriptionSCIENCE, MATHEMATICS, AND TECHNOLOGY, IT IS A SMALL STRUCTURED SCHOOL DELIVERING A RIGOROUS, INNOVATIVE EDUCATIONAL PROGRAM TO BOYSMissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense2046668Expense
DescriptionTO ESTABLISH, MAINTAIN AND NOURISH EDUCATIONAL AND CULTURAL PROGRAMS FOR THE BENEFIT OF TURKISH AMERICANS AND PERSONS OF TURKISH-AMERICAN DESCENT.Description
Total Program Service Expense2046668TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Balance Sheet Amounts ReportedtrueBalanceSheetAmountsReported
Independent Audit Financial StmttrueIndependentAuditFinancialStmt
Consolidated Audit Financial StmttrueConsolidatedAuditFinancialStmt
SchooltrueSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingfalseComplianceWithBackupWitholding
Number Of Employees46NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Nbr Voting Governing Body Members4NbrVotingGoverningBodyMembers
Number Independent Voting Members4NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementfalseRegularMonitoringEnforcement
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicyfalseDocumentRetentionPolicy
Compensation Process CEOfalseCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledCTStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonERKAN GUMUSTEKINNamePerson
Telephone Number2034350296TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line118 MAPLE STAddressLine1
CityPUTNAMCity
StateCTState
ZIP Code06260ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (2 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
TUFAN AYDIN
PRINCIPAL40.00X000
EMRULLAH DURMAZ
OFFICER40.00X000
FieldValueIRS element (for citing)
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
All Other Contributions198865AllOtherContributions
Total Contributions198865TotalContributions

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionTUITION AND FEESDescription
Business Code611710BusinessCode
Total Revenue Column2770933TotalRevenueColumn
Related Or Exempt Function Income2770933RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue2770933TotalProgramServiceRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column2969798TotalRevenueColumn
Related Or Exempt Function Income2770933RelatedOrExemptFunctionIncome

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total1063948Total
Program Services904356ProgramServices
Management And General106395ManagementAndGeneral
Fundraising53197Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total66937Total
Program Services56896ProgramServices
Management And General6694ManagementAndGeneral
Fundraising3347Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total97330Total
Program Services82730ProgramServices
Management And General9733ManagementAndGeneral
Fundraising4867Fundraising

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total13592Total
Program Services1359ProgramServices
Management And General12233ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total8256Total
Management And General8256ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total6948Total
Program Services5906ProgramServices
Management And General695ManagementAndGeneral
Fundraising347Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total53658Total
Program Services26829ProgramServices
Management And General24146ManagementAndGeneral
Fundraising2683Fundraising

Occupancy Occupancy

FieldValueIRS element (for citing)
Total292608Total
Program Services248717ProgramServices
Management And General29261ManagementAndGeneral
Fundraising14630Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total11451Total
Management And General9161ManagementAndGeneral
Fundraising2290Fundraising

Interest Interest

FieldValueIRS element (for citing)
Total75766Total
Program Services74756ProgramServices
Management And General1010ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total107084Total
Program Services53540ProgramServices
Management And General48189ManagementAndGeneral
Fundraising5355Fundraising

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
STUDENT ENRICHMENT581413581413
MISCELLANEOUS2259110166101662259

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total2401582Total
Program Services2046668ProgramServices
Management And General265939ManagementAndGeneral
Fundraising88975Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY25057BOY
EOY48798EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY318435BOY
EOY427968EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
EOY98EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis2909268LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec512852LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY2467056BOY
EOY2396416EOY

Intangible Assets IntangibleAssets

FieldValueIRS element (for citing)
BOY3347BOY
EOY3340EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY2813895BOY
EOY2876620EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY192674BOY
EOY62240EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY446000BOY
EOY171900EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY718022BOY
EOY940000EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY365980BOY
EOY43045EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY1722676BOY
EOY1217185EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY1091219BOY
EOY1659435EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1091219BOY
EOY1659435EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY2813895BOY
EOY2876620EOY
FieldValueIRS element (for citing)
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited
Audit CommitteefalseAuditCommittee
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Disclosed Orgs Legal ControlfalseDisclosedOrgsLegalControl
Disclosed For Charitable PurposesfalseDisclosedForCharitablePurposes
Written Policy MonitoringfalseWrittenPolicyMonitoring
Sect170h Requirements SatisfiedfalseSect170hRequirementsSatisfied
Solicited Assets For SalefalseSolicitedAssetsForSale
Agent Trustee EtcfalseAgentTrusteeEtc
Included On FSfalseIncludedOnFS
Endowments Held By Unrelated OrgsfalseEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgsfalseEndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule RfalseAreRelatedOrgsListedScheduleR

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis242309OtherCostOrOtherBasis
Book Value242309BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis2412443OtherCostOrOtherBasis
Depreciation338855Depreciation
Book Value2073588BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis4164OtherCostOrOtherBasis
Depreciation2853Depreciation
Book Value1311BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis250352OtherCostOrOtherBasis
Depreciation171144Depreciation
Book Value79208BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings2396416TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescriptionAmountAmount
LONG TERM LOAN PAYABLE$27,661
PAYROLL LIABILITIES$15,384
PSB LINE OF CREDIT
FieldValueIRS element (for citing)
Total Of Amounts43045TotalOfAmounts
Total Revenue2969798TotalRevenue
Total Expenses2401582TotalExpenses
Excess Or Deficit For Year568216ExcessOrDeficitForYear
Excess Or Deficit Per FS568216ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt2969798TotRevenueEtcAuditedFinclStmt
Revenue Subtotal2969798RevenueSubtotal
Total Revenue Per Form9902969798TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt2401582TotExpensesEtcAuditedFinclStmt
Expenses Subtotal2401582ExpensesSubtotal
Total Expenses Per Form9902401582TotalExpensesPerForm990

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmttrueNondiscriminatoryPolicyStmt
Policy Statement In Brochures EtctruePolicyStatementInBrochuresEtc
Policy Publ Via Broadcast MediatruePolicyPublViaBroadcastMedia
Maint Racial Composition RecordstrueMaintRacialCompositionRecords
Maint Scholarships RecordstrueMaintScholarshipsRecords
Maint Copies Of Brochures EtctrueMaintCopiesOfBrochuresEtc
Maint Copies Of All SolicitationstrueMaintCopiesOfAllSolicitations
Discriminate Race Students RightsfalseDiscriminateRaceStudentsRights
Discriminate Race Admiss PoliciesfalseDiscriminateRaceAdmissPolicies
Discriminate Race Emplmn FacultyfalseDiscriminateRaceEmplmnFaculty
Discriminate Race ScholarshipsfalseDiscriminateRaceScholarships
Discriminate Race Educ PoliciesfalseDiscriminateRaceEducPolicies
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFclts
Discriminate Race Athletic ProgfalseDiscriminateRaceAthleticProg
Discriminate Race Other ActyfalseDiscriminateRaceOtherActy
Government Financial Aid ReceivedfalseGovernmentFinancialAidReceived
Government Financial Aid RevokedfalseGovernmentFinancialAidRevoked
Compliance With Rev Proc7550trueComplianceWithRevProc7550

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990FORM 990, PAGE 6, PART VI, LINE 11DRAFT OF RETURN IS SENT TO THE ACCOUNTANT WHO REVIEWS IT WITH THE PRINCIPLE OF PUTNAM SCIENCE ACADEMY
GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONFORM 990, PAGE 6, PART VI, LINE 19UPON REQUEST

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