Spring Initiative INC FY2023 filing

Tax-deductible

Clarksdale, MS501(c)(3)Since 2011EducationEIN 45-2243846Revenue $1.5M in FY2023

On file with the IRSspring-initiative.org317 E 2nd St, 38614-4304 · Clarksdale, MSTax-exempt since Aug 2011Publicly supported charity — 170(b)(1)(A)(vi)

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Spring empowers youth to discover and unleash their potential through a holistic personal and education approach by promoting emotional well-being, academic growth and excellence, community engagement and global exposure, social connectedness, physical health and creative expression. Spring functions as a daily after-school program that provides academic instruction, enrichment and support in a framework of stable and trusting relationships with peers and adults. Spring creates opportunities for its students to identify positive, possible future selves by building the academic skills and confidence necessary and encouraging its students to engage with others and themselves in a kind and proactive way. Spring believes that by exposing its students to new places, individuals, ideas, and approaches, the kids will be empowered to dream big. Spring students overcome obstacles in a supportive environment as they develop goals and a vision for their lives.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $153K a year · 11% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $45K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+42% vs prior year
Spent
$1.4M
To programs
65%
Net assets
$737K
By yearFY2020–FY2025
Revenue
$1.5M
FY2023▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$995K
FY2022$1.0M
FY2023$1.5M
FY2024$1.4M
FY2025$2.1M
Expenses
$1.4M
FY2023▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$763K
FY2021$911K
FY2022$1.2M
FY2023$1.4M
FY2024$1.5M
FY2025$1.7M
Net assets
$737K
FY2023▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$757K
FY2021$842K
FY2022$697K
FY2023$737K
FY2024$709K
FY2025$1.1M

From the FY2023 Form 990 (year ending July 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2011.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $925K Management & general 35% · $503K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
See Spring Initiative 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers youth through after-school programs fostering well-being, academic growth, and creative expression.

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Provided by the organization

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2 programs · $925K · in their own filed words · FY2022
01

Daily comprehensive youth programs serving students in different age groups year round.. Programs run monday-friday, 4PM-7PM, but include significant programming during weekends and breaks, including college visits and educational trips throughout the year.

$849Kprogram expense
02

Baby university, which is a nine week intensive parenting program for expecting parents and families with children under the age of three. Each course is structured around a mixture of instruction and guided play time to help parents build skills that will foster optimal physical, emotional, and cognitive development in their babies and…

$76Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$45K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$9K
Money outPt IX
$1.4M
Ln 25
Programscol B$925K
Managementcol C$503K
Owns and owesPt X
$737K
net assets · Ln 32
Cash and savingsLn 1–2$398K
Total assetsLn 16$746K
LiabilitiesLn 26$8K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$130K
Noncash giftsLn 1g$175K
Other incomeLn 4–11$9K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$398K
Cash and savings togetherLn 1–2$398K
Land, buildings, equipmentLn 10c$347K
Total assetsLn 16$746K
LiabilitiesLn 26$8K
Net assetsLn 32$737K
OperationsPt I, VI
EmployeesI 523
Fiscal year endsHeaderJuly
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 FY23End FY23
Cash and savingsLn 1–2$539K$398K
Land, buildings, equipmentLn 10c$174K$347K
Total assetsLn 16$714K$746K
LiabilitiesLn 26$17K$8K
Net assetsLn 32$697K$737K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$893K$584K$309K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$5K$5K
Information technologyLn 14$13K$1K$12K
TravelLn 17$90K$90K
Depreciation, depletion and amortizationLn 22$40K$40K
Other expenses (24a–d)Ln 24$237K$148K$89K
All other expensesLn 24e$131K$101K$29K
Total functional expensesLn 25$1.4M$925K$503K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.1M$1.7M$394K$1.1M 990 PDF
FY2024 $1.4M$1.5M−$28K$709K 990 PDF
FY2023 Viewing $1.5M$1.4M$40K$737K 990 PDF
FY2022 $1.0M$1.2M−$144K$697K 990 PDF
FY2021 $995K$911K$84K$842K 990 PDF
FY2020 $1.3M$763K$571K$757K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $1,468,640 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,035,112$1,459,860
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $995$8,780
I-12 Total revenuePrior year $1,036,107$1,468,640
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $675,974$892,502
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $504,612$535,700
I-18 Total expensesPrior year $1,180,586$1,428,202
I-19 Revenue less expensesPrior year −$144,479$40,438
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,468,640 across 7 lines filed
VIII-1a Federated campaigns$1,155,264
VIII-1e Government grants$129,596
VIII-1f All other contributions, gifts and grants$175,000
VIII-1g Noncash contributions (included above)$175,000
VIII-1h Total contributions, gifts and grants$1,459,860
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,780$8,780
VIII-12 Total revenueRelated to mission $8,780$1,468,640
Part IX · Statement of functional expenses $1,428,202 across 9 lines filed
IX-7 Other salaries and wagesPrograms $583,779 · Management $308,723$892,502
IX-11c Accounting feesManagement $11,285$11,285
IX-12 Advertising and promotionManagement $7,903$7,903
IX-13 Office expensesManagement $5,174$5,174
IX-14 Information technologyPrograms $1,474 · Management $11,718$13,192
IX-17 TravelPrograms $90,012$90,012
IX-22 Depreciation, depletion and amortizationManagement $40,181$40,181
IX-24 Other expenses (24a–d)Programs $148,195 · Management $89,071$237,266
IX-24e All other expensesPrograms $101,375 · Management $29,312$130,687
IX-25 Total functional expensesPrograms $924,835 · Management $503,367 · Fundraising $0$1,428,202
Part X · Balance sheet $745,682 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $539,407$398,429
X-10c Land, buildings and equipment, netStart of year $174,129$347,253
X-16 Total assetsStart of year $713,536$745,682
X-25 Other liabilitiesStart of year $17,015$8,250
X-26 Total liabilitiesStart of year $17,015$8,250
X-27 Net assets without donor restrictionsStart of year $570,873$675,550
X-28 Net assets with donor restrictionsStart of year $125,648$61,882
X-32 Total net assets or fund balancesStart of year $696,521$737,432
X-33 Total liabilities and net assetsStart of year $713,536$745,682
Part XI · Reconciliation of net assets $737,432 net assets at year end
XI-1 Total revenue$1,468,640
XI-2 Total expenses$1,428,202
XI-3 Revenue less expenses$40,438
XI-4 Net assets at start of year$696,521
XI-8 Prior period adjustments$475
XI-9 Other changes in net assets−$2
XI-10 Net assets at end of year$737,432

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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