Springmoor is a nationally accredited full service life care retirement community designed to emphasize independent living, dignity, security, and peace of mind. IT offers a wide range of residences, services, amenities and comprehensive health care. Springmoor is designed to provide active, independent retirement living while providing for existing and future health and personal care needs. Springmoor's health care program gives each resident a strong sense of security, life with dignity, lifetime care, personal safety and financial security, as well as interaction and companionship with many fine neighbors who have common interests.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$3K 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

FY2024 · 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
2 of 5
filings with a surplus
Average deficit $591K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3K
to officers and key staff · <0.01% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$137.1M
123% of total assets
Concern: liabilities are 123% of assets; over 80%.
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
$44.9M
+6% vs prior year
Spent
$45.2M
To programs
92%
Net assets
−$25.3M
By yearFY2020–FY2024
Revenue
$44.9M
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$38.0M
FY2021$37.8M
FY2022$40.8M
FY2023$42.5M
FY2024$44.9M
Expenses
$45.2M
FY2024▲ +1.0%
Tap a bar for its year
Expenses by fiscal year
FY2020$36.6M
FY2021$39.8M
FY2022$40.7M
FY2023$44.7M
FY2024$45.2M
Net assets
−$25.3M
FY2024▼ -0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020−$17.1M
FY2021−$19.2M
FY2022−$24.8M
FY2023−$25.0M
FY2024−$25.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1985.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $41.6M Management & general 8% · $3.6M

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

7 people listed on the 990; $3K paid to officers and key staff.

Part VII, Section A · reportable compensation
$450Pt VII · Sec A
$450Pt VII · Sec A
Vice Preside
$450Pt VII · Sec A
Director
$450Pt VII · Sec A
$450Pt VII · Sec A
Secretary
$450Pt VII · Sec A
Director
$450Pt VII · Sec A

Charles B Ballard’s $450 as President is at the 0th percentile of top reported officer pay among 3122 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
Charles B Ballard$450$450$450$450
William Baxley$450$450$450$450
Ernest Carraway$450$450$450$450
Nina Cole$450$450$450$450
Mary Ann Freeman$450$450——
Judy Hill$450$450$450$450
Susan Walton$450———
Albert Calloway——$450$450

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.

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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 15aYes

Programs and updates

Provides comprehensive retirement living, health care, and security for seniors.

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Provided by the organization

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1 program · $41.6M · in their own filed words · FY2024
01

To provide care to a retirement community by providing high quality, responsive, financially sound life care to its residents with convenience to health care, food services, activities, entertainment and opportunities for social enrichment in a life care retirement setting.

$41.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $1.5M · 2020–2024
Unitemized GrantFY2024$440,238
Unitemized GrantFY2023$406,643
Unitemized GrantFY2022$301,378
Unitemized GrantFY2021$201,870
Unitemized GrantFY2020$194,670

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$44.9M
Ln 12
Fees for servicesLn 2g$41.2M
Investment incomeLn 3$3.6M
Gifts and grantsLn 1h$82K
Money outPt IX
$45.2M
Ln 25
Programscol B$41.6M
Managementcol C$3.6M
Owns and owesPt X
−$25.3M
net assets · Ln 32
Cash and savingsLn 1–2$8.5M
Total assetsLn 16$111.8M
LiabilitiesLn 26$137.1M
PeoplePt VI, VII
7
listed · VII A
PaidVII A7
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Fees for servicesLn 2g$41.2M
Investment incomeLn 3$3.6M
Gains on assetsLn 7−$211K
Total revenueLn 12$44.9M
Assets in detailPt X, end of year
SavingsLn 2$8.5M
Cash and savings togetherLn 1–2$8.5M
Land, buildings, equipmentLn 10c$22.4M
Other assetsLn 15$44.4M
Total assetsLn 16$111.8M
LiabilitiesLn 26$137.1M
Net assetsLn 32−$25.3M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$7.6M$8.5M
Land, buildings, equipmentLn 10c$19.9M$22.4M
Total assetsLn 16$111.8M$111.8M
LiabilitiesLn 26$136.8M$137.1M
Net assetsLn 32−$25.0M−$25.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$440K$440K
Management feesLn 11a$750K$750K
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$166K$166K
Other fees for servicesLn 11g$14K$14K
Advertising and promotionLn 12$283K$283K
Office expensesLn 13$378K$32K$346K
OccupancyLn 16$1.5M$1.5M
TravelLn 17$7K$5K$2K
InterestLn 20$145K$145K
Depreciation, depletion and amortizationLn 22$919K$919K
InsuranceLn 23$334K$334K
Other expenses (24a–d)Ln 24$36.0M$34.3M$1.7M
All other expensesLn 24e$4.2M$4.0M$289K
Total functional expensesLn 25$45.2M$41.6M$3.6M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $44.9M$45.2M−$235K−$25.3M 990 PDF
FY2023 $42.5M$44.7M−$2.2M−$25.0M 990 PDF
FY2022 $40.8M$40.7M$98K−$24.8M 990 PDF
FY2021 $37.8M$39.8M−$2.1M−$19.2M 990 PDF
FY2020 $38.0M$36.6M$1.4M−$17.1M 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 FY2024 990 (6 parts)
Part I · Summary $44,919,208 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $58,070$81,825
I-9 Program service revenuePrior year $38,874,448$41,191,735
I-10 Investment incomePrior year $3,606,735$3,645,648
I-11 Other revenue$0
I-12 Total revenuePrior year $42,539,253$44,919,208
I-13 Grants and similar amounts paidPrior year $406,643$440,238
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,700$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $44,310,578$44,713,488
I-18 Total expensesPrior year $44,719,921$45,153,726
I-19 Revenue less expensesPrior year −$2,180,668−$234,518
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $44,919,208 across 6 lines filed
Lines not itemized here account for $411,615 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$81,825
VIII-1h Total contributions, gifts and grants$81,825
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $40,780,120$40,780,120
VIII-3 Investment incomeExcluded from tax $3,856,499$3,856,499
VIII-7 Net gain or loss on sales of assetsRelated to mission −$210,851−$210,851
VIII-12 Total revenueRelated to mission $40,980,884 · Excluded from tax $3,856,499$44,919,208
Part IX · Statement of functional expenses $45,153,726 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $440,238$440,238
IX-11a Management feesManagement $750,000$750,000
IX-11b Legal feesManagement $12,360$12,360
IX-11c Accounting feesManagement $166,252$166,252
IX-11g Other fees for servicesManagement $13,850$13,850
IX-12 Advertising and promotionManagement $283,216$283,216
IX-13 Office expensesPrograms $31,837 · Management $346,258$378,095
IX-16 OccupancyPrograms $1,457,749$1,457,749
IX-17 TravelPrograms $4,836 · Management $2,273$7,109
IX-20 InterestPrograms $144,731$144,731
IX-22 Depreciation, depletion and amortizationPrograms $918,920$918,920
IX-23 InsurancePrograms $334,292$334,292
IX-24 Other expenses (24a–d)Programs $34,271,610 · Management $1,727,335$35,998,945
IX-24e All other expensesPrograms $3,958,942 · Management $289,027$4,247,969
IX-25 Total functional expensesPrograms $41,563,155 · Management $3,590,571 · Fundraising $0$45,153,726
Part X · Balance sheet $111,805,869 assets, 15 lines filed
Asset lines not itemized here account for $35,320,296; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $7,594,508$8,487,305
X-4 Accounts receivableStart of year $330,134$383,766
X-8 Inventories for sale or useStart of year $5,883$8,548
X-9 Prepaid expenses and deferred chargesStart of year $213,519$875,246
X-10c Land, buildings and equipment, netStart of year $19,870,339$22,351,247
X-15 Other assetsStart of year $48,461,197$44,379,461
X-16 Total assetsStart of year $111,795,876$111,805,869
X-17 Accounts payable and accrued expensesStart of year $1,074,751$1,326,720
X-19 Deferred revenueStart of year $29,863,259$30,792,566
X-25 Other liabilitiesStart of year $105,873,390$104,936,625
X-26 Total liabilitiesStart of year $136,811,400$137,055,911
X-27 Net assets without donor restrictionsStart of year −$25,018,265−$25,252,483
X-28 Net assets with donor restrictionsStart of year $2,741$2,441
X-32 Total net assets or fund balancesStart of year −$25,015,524−$25,250,042
X-33 Total liabilities and net assetsStart of year $111,795,876$111,805,869
Part XI · Reconciliation of net assets −$25,250,042 net assets at year end
XI-1 Total revenue$44,919,208
XI-2 Total expenses$45,153,726
XI-3 Revenue less expenses−$234,518
XI-4 Net assets at start of year−$25,015,524
XI-10 Net assets at end of year−$25,250,042

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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