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Day Spring Foundation INC FY2021 filing

Tax-deductible

Louisville, KY501(c)(3)Since 1992Foundations & Grantmakers EIN 61-1273310Revenue $371K in FY2021

On file with the IRSdayspringky.org3430 Day Spring CT, 40213-1061 · Louisville, KYTax-exempt since Jan 1997Publicly supported charity — 170(b)(1)(A)(vi)

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Day Spring Foundation, INC. Supports and furthers the mission of Day Spring, INC. And affiliates through fundraising initiatives and the management of an endowment fund.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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
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
3 of 5
filings with a surplus
Average surplus $159K a year · 34% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Plus $954K in investments, Pt X · Ln 11–13
Looks good: 8.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $56K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$371K
Spent
$441K
To programs
0%
Net assets
$1.9M
By yearFY2021–FY2025
Revenue
$371K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$371K
FY2022$510K
FY2023$409K
FY2024$405K
FY2025$622K
Expenses
$441K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$441K
FY2022$110K
FY2023$139K
FY2024$152K
FY2025$679K
Net assets
$1.9M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.9M
FY2022$2.2M
FY2023$2.8M
FY2024$2.3M
FY2025$2.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Jan 1997.

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

Where the money goes

What each dollar paid for.

Management & general 5% · $21K Fundraising 95% · $420K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Beth Barrett
Secretary
$0Pt VII · Sec A
Becca Krall
Vice Chairpe
$0Pt VII · Sec A
Jamie Laws
Treasurer
$0Pt VII · Sec A
Patrick Magill
Chairman of
$0Pt VII · Sec A
Susan Ward
Interim CEO
$0Pt VII · Sec A
See Day Spring Foundation 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

Provides financial aid to affiliated residential care facilities.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Day spring foundation, inc. Provides financial support for day spring inc, new day inc, day spring baxter ave inc, day spring woods inc and day spring homes inc on an as needed basis.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Gheens Foundation INCFY2024$25K
Mightycause Charitable FoundationFY2024$19K
The Community Foundation of Louisville Corporate Depository INCFY2024$8K
Morgan Stanley Global Impact Funding Trust INCFY2024$5K
Jpmorgan Chase FoundationFY2024$53
Total grants receivedfrom 5 funders$56K
See all 5 funders →
Grants paid · 1 grant · $504K · 2024–2024
Day Spring INCKY · FY2024$504,240

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$371K
Ln 12
Gifts and grantsLn 1h$316K
Other incomeLn 4–11$35K
Investment incomeLn 3$20K
Money outPt IX
$441K
Ln 25
Managementcol C$21K
Fundraisingcol D$420K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$294K
Total assetsLn 16$1.9M
LiabilitiesLn 26$2
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$316K
Investment incomeLn 3$20K
Other incomeLn 4–11$35K
Total revenueLn 12$371K
Assets in detailPt X, end of year
CashLn 1$294K
Cash and savings togetherLn 1–2$294K
InvestmentsLn 11–13$954K
Land, buildings, equipmentLn 10c$610K
Total assetsLn 16$1.9M
LiabilitiesLn 26$2
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$361K$294K
InvestmentsLn 11–13$743K$954K
Land, buildings, equipmentLn 10c$631K$610K
Total assetsLn 16$1.8M$1.9M
LiabilitiesLn 26$0$2
Net assetsLn 32$1.8M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$23K$23K
Pension plan contributionsLn 8$655$655
Other employee benefitsLn 9$3K$3K
Payroll taxesLn 10$2K$2K
Investment management feesLn 11f$11K$11K
Office expensesLn 13$13K$13K
Payments to affiliatesLn 21$308K$308K
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$51K$51K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$441K$0$21K$420K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $622K$679K−$56K$2.1M 990 PDF
FY2024 $405K$152K$253K$2.3M 990 PDF
FY2023 $409K$139K$269K$2.8M 990 PDF
FY2022 $510K$110K$399K$2.2M 990 PDF
FY2021 Viewing $371K$441K−$69K$1.9M 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 $371,264 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $250,434$315,964
I-9 Program service revenue$0
I-10 Investment incomePrior year $17,444$20,170
I-11 Other revenuePrior year $123,040$35,130
I-12 Total revenuePrior year $390,918$371,264
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $27,171$28,692
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $385,852$411,969
I-18 Total expensesPrior year $413,023$440,661
I-19 Revenue less expensesPrior year −$22,105−$69,397
Part VI · Governance 24 of 24 board members independent, 3 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $371,264 across 5 lines filed
VIII-1f All other contributions, gifts and grants$315,964
VIII-1h Total contributions, gifts and grants$315,964
VIII-3 Investment incomeRelated to mission $20,170$20,170
VIII-8 Net income from fundraising events$35,130
VIII-12 Total revenueRelated to mission $20,170$371,264
Part IX · Statement of functional expenses $440,661 across 11 lines filed
IX-7 Other salaries and wagesFundraising $23,328$23,328
IX-8 Pension plan contributionsFundraising $655$655
IX-9 Other employee benefitsFundraising $3,032$3,032
IX-10 Payroll taxesFundraising $1,677$1,677
IX-11f Investment management feesFundraising $10,935$10,935
IX-13 Office expensesFundraising $13,031$13,031
IX-21 Payments to affiliatesFundraising $307,639$307,639
IX-22 Depreciation, depletion and amortizationManagement $20,808$20,808
IX-23 InsuranceFundraising $6,273$6,273
IX-24 Other expenses (24a–d)Fundraising $50,675$50,675
IX-24e All other expensesFundraising $2,608$2,608
IX-25 Total functional expensesPrograms $0 · Management $20,808 · Fundraising $419,853$440,661
Part X · Balance sheet $1,909,662 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $361,030$293,713
X-3 Pledges and grants receivableStart of year $14,163$23,800
X-4 Accounts receivableStart of year $28,484$28,484
X-10c Land, buildings and equipment, netStart of year $630,769$609,961
X-12 Other securitiesStart of year $742,972$953,704
X-16 Total assetsStart of year $1,777,418$1,909,662
X-17 Accounts payable and accrued expenses$2
X-26 Total liabilitiesStart of year $0$2
X-27 Net assets without donor restrictionsStart of year $1,510,512$1,618,894
X-28 Net assets with donor restrictionsStart of year $266,906$290,766
X-32 Total net assets or fund balancesStart of year $1,777,418$1,909,660
X-33 Total liabilities and net assetsStart of year $1,777,418$1,909,662
Part XI · Reconciliation of net assets $1,909,660 net assets at year end
XI-1 Total revenue$371,264
XI-2 Total expenses$440,661
XI-3 Revenue less expenses−$69,397
XI-4 Net assets at start of year$1,777,418
XI-5 Net unrealized gains (losses) on investments$201,639
XI-10 Net assets at end of year$1,909,660

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

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