Childcare for low income families

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$121K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $41K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$121K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$267K
87% of total assets
Concern: liabilities are 87% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$982K
-2% vs prior year
Spent
$879K
To programs
75%
Net assets
$41K
By yearFY2020–FY2024
Revenue
$982K
FY2021▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$982K
FY2022$900K
FY2023$1.1M
FY2024$685K
Expenses
$879K
FY2021▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$879K
FY2022$895K
FY2023$1.0M
FY2024$585K
Net assets
$41K
FY2021▲ +167%
Tap a bar for its year
Net assets by fiscal year
FY2020−$61K
FY2021$41K
FY2022$45K
FY2023$54K
FY2024$154K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $658K Management & general 25% · $221K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $121K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & Founder
$121,385Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Chief Director
$0Pt VII · Sec A
Finance Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Terence Smith’s $36K as President & Founder is at the 23rd percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Terence Smith$35,500$71,000$65,615$121,385$148,077

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Spring Forth INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides affordable childcare for families with limited income.

Questions for Spring Forth INC

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Provided by the organization

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1 program · $658K · in their own filed words · FY2021
01

Provide childcare for low income families

$658Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$16

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$982K
Ln 12
Gifts and grantsLn 1h$893K
Fees for servicesLn 2g$88K
Investment incomeLn 3$147
Money outPt IX
$879K
Ln 25
Programscol B$658K
Managementcol C$221K
Owns and owesPt X
$41K
net assets · Ln 32
Cash and savingsLn 1–2$59K
Total assetsLn 16$308K
LiabilitiesLn 26$267K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$893K
Government grantsLn 1e$893K
Fees for servicesLn 2g$88K
Investment incomeLn 3$147
Total revenueLn 12$982K
Assets in detailPt X, end of year
CashLn 1$59K
Cash and savings togetherLn 1–2$59K
Land, buildings, equipmentLn 10c$69K
Other assetsLn 15$179K
Total assetsLn 16$308K
LiabilitiesLn 26$267K
Net assetsLn 32$41K
OperationsPt I, VI
EmployeesI 529
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$83K$59K
Land, buildings, equipmentLn 10c$71K$69K
Total assetsLn 16$160K$308K
LiabilitiesLn 26$222K$267K
Net assetsLn 32−$61K$41K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Pay of current officers, directors and key staffLn 5$121K$0$121K$0
Other salaries and wagesLn 7$331K$331K$0$0
Payroll taxesLn 10$37K$23K$14K$0
Legal feesLn 11b$60K$0$60K$0
Accounting feesLn 11c$2K$0$2K$0
Other fees for servicesLn 11g$14K$14K$0$0
Office expensesLn 13$8K$8K$0$0
OccupancyLn 16$121K$121K$0$0
Depreciation, depletion and amortizationLn 22$18K$18K$0$0
InsuranceLn 23$28K$8K$20K$0
Other expenses (24a–d)Ln 24$115K$112K$3K$0
All other expensesLn 24e$22K$20K$2K$0
Total functional expensesLn 25$879K$658K$221K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $685K$585K$100K$154K 990 PDF
FY2023 $1.1M$1.0M$8K$54K 990 PDF
FY2022 $900K$895K$4K$45K 990 PDF
FY2021 Viewing $982K$879K$102K$41K 990 PDF
FY2020 $1.0M$1.0M−$10K−$61K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $981,770 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $927,430$893,335
I-9 Program service revenuePrior year $75,164$88,288
I-10 Investment incomePrior year $172$147
I-11 Other revenue$0
I-12 Total revenuePrior year $1,002,766$981,770
I-13 Grants and similar amounts paid$3,100
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $664,396$488,820
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $347,904$387,452
I-18 Total expensesPrior year $1,012,300$879,372
I-19 Revenue less expensesPrior year −$9,534$102,398
Part VI · Governance 3 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $981,770 across 5 lines filed
VIII-1e Government grants$893,335
VIII-1h Total contributions, gifts and grants$893,335
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$88,288
VIII-3 Investment incomeUnrelated business $147 · Excluded from tax $0$147
VIII-12 Total revenueRelated to mission $88,288 · Unrelated business $147 · Excluded from tax $0$981,770
Part IX · Statement of functional expenses $879,372 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $3,100$3,100
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $121,385 · Fundraising $0$121,385
IX-7 Other salaries and wagesPrograms $330,501 · Management $0 · Fundraising $0$330,501
IX-10 Payroll taxesPrograms $23,367 · Management $13,567 · Fundraising $0$36,934
IX-11b Legal feesPrograms $0 · Management $60,060 · Fundraising $0$60,060
IX-11c Accounting feesPrograms $0 · Management $1,570 · Fundraising $0$1,570
IX-11g Other fees for servicesPrograms $13,948 · Management $0 · Fundraising $0$13,948
IX-13 Office expensesPrograms $8,416 · Management $0 · Fundraising $0$8,416
IX-16 OccupancyPrograms $121,079 · Management $0 · Fundraising $0$121,079
IX-22 Depreciation, depletion and amortizationPrograms $17,950 · Management $0 · Fundraising $0$17,950
IX-23 InsurancePrograms $7,964 · Management $19,580 · Fundraising $0$27,544
IX-24 Other expenses (24a–d)Programs $112,087 · Management $2,715 · Fundraising $0$114,802
IX-24e All other expensesPrograms $19,783 · Management $2,300 · Fundraising $0$22,083
IX-25 Total functional expensesPrograms $658,195 · Management $221,177 · Fundraising $0$879,372
Part X · Balance sheet $307,707 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $82,579$59,193
X-10c Land, buildings and equipment, netStart of year $70,966$69,277
X-15 Other assetsStart of year $6,634$179,237
X-16 Total assetsStart of year $160,179$307,707
X-24 Unsecured notes and loans payableStart of year $771$0
X-25 Other liabilities$0
X-26 Total liabilitiesStart of year $221,561$266,690
X-27 Net assets without donor restrictionsStart of year −$61,382$41,017
X-32 Total net assets or fund balancesStart of year −$61,382$41,017
X-33 Total liabilities and net assetsStart of year $160,179$307,707
Part XI · Reconciliation of net assets $41,017 net assets at year end
XI-1 Total revenue$981,770
XI-2 Total expenses$879,372
XI-3 Revenue less expenses$102,398
XI-4 Net assets at start of year−$61,382
XI-10 Net assets at end of year$41,017

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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