Dayspring Foundation FY2022 filing

Tax-deductible

Greeley, CO501(c)(3)Since 1987EIN 84-1165836

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501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
5 of 5
filings with a surplus
Average surplus $2.1M a year · 69% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 18.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $62K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.1M
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
+23% vs prior year
Spent
$975K
To programs
90%
Net assets
$9.1M
By yearFY2020–FY2024
Revenue
$2.5M
FY2022▲ +23%
Revenue by fiscal year
FY2020$1.7M
FY2021$2.1M
FY2022$2.5M
FY2023$3.7M
FY2024$5.3M
FY2024$1.3M
Expenses
$975K
FY2022▲ +2%
Expenses by fiscal year
FY2020$889K
FY2021$955K
FY2022$975K
FY2023$990K
FY2024$943K
FY2024$1.3M
Net assets
$9.1M
FY2022▲ +20%
Net assets by fiscal year
FY2020$6.4M
FY2021$7.5M
FY2022$9.1M
FY2023$11.7M
FY2024$16.1M
FY2024$16.0M

From the FY2022 Form 990 (year ending June 2022) · 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 Dec 1991.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $881K Management & general 3% · $29K Fundraising 7% · $64K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Dir.
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Dayspring Foundation 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

Dayspring Foundation is a supporting organization based in Greeley, CO, formed in 1987.

Provided by the organization

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1 program service account for $881K of program spending, described in the organization's own filed words · FY2021.
01

This exempt organization provides a school building to house the dayspring christian academy - a tax exempt organization. This foundation built a new school facility that was first occupied for the 2000-2001 school year.

$881Kprogram expense

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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 2 funders$62K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Gifts and grantsLn 1h$2.2M
Other incomeLn 4–11$336K
Investment incomeLn 3$11K
Money outPt IX
$975K
Ln 25
Programscol B$881K
Managementcol C$29K
Fundraisingcol D$64K
Owns and owesPt X
$9.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$13.2M
LiabilitiesLn 26$4.1M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Investment incomeLn 3$11K
Other incomeLn 4–11$336K
Gains on assetsLn 7$0
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$770
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$6.7M
Land, buildings, equipmentLn 10c$3.9M
Other assetsLn 15$2
Total assetsLn 16$13.2M
LiabilitiesLn 26$4.1M
Net assetsLn 32$9.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$728K$1.5M
InvestmentsLn 11–13$5.4M$6.7M
Land, buildings, equipmentLn 10c$4.1M$3.9M
Total assetsLn 16$11.3M$13.2M
LiabilitiesLn 26$3.8M$4.1M
Net assetsLn 32$7.5M$9.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$14K$14K
Advertising and promotionLn 12$360$360
Office expensesLn 13$12K$12K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$179K$179K
Payments to affiliatesLn 21$463K$463K
Depreciation, depletion and amortizationLn 22$239K$239K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$67K$3K$64K
All other expensesLn 24e$0
Total functional expensesLn 25$975K$881K$29K$64K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $5.3M$943K$4.3M$16.1M 990 PDF
FY2023 $3.7M$990K$2.7M$11.7M 990 PDF
FY2022 Viewing $2.5M$975K$1.5M$9.1M 990 PDF
FY2021 $2.1M$955K$1.1M$7.5M 990 PDF
FY2020 $1.7M$889K$812K$6.4M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $2,515,536 across 8 lines filed
VIII-1f All other contributions, gifts and grants$2,168,329
VIII-1h Total contributions, gifts and grants$2,168,329
VIII-3 Investment incomeRelated to mission $11,168$11,168
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $211,438$211,438
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$124,601
VIII-12 Total revenueRelated to mission $11,168 · Excluded from tax $211,438$2,515,536
Part IX · Statement of functional expenses $974,977 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $13,894$13,894
IX-12 Advertising and promotionFundraising $360$360
IX-13 Office expensesManagement $12,375$12,375
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $178,956$178,956
IX-21 Payments to affiliatesPrograms $463,303$463,303
IX-22 Depreciation, depletion and amortizationPrograms $238,867$238,867
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $3,185 · Fundraising $64,037$67,222
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $881,126 · Management $29,454 · Fundraising $64,397$974,977
Part X · Balance sheet $13,171,685 assets, 19 lines filed
Asset lines not itemized here account for $1,034,943; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $727,367$1,532,699
X-2 Savings and temporary cash investmentsStart of year $772$770
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$258
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $4,092,225$3,936,501
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investmentsStart of year $5,377,903$6,666,512
X-14 Intangible assets$0
X-15 Other assetsStart of year $3$2
X-16 Total assetsStart of year $11,287,433$13,171,685
X-17 Accounts payable and accrued expensesStart of year $2,634$3,347
X-26 Total liabilitiesStart of year $3,761,245$4,104,938
X-27 Net assets without donor restrictionsStart of year $6,350,444$7,255,095
X-28 Net assets with donor restrictionsStart of year $1,175,744$1,811,652
X-32 Total net assets or fund balancesStart of year $7,526,188$9,066,747
X-33 Total liabilities and net assetsStart of year $11,287,433$13,171,685
Part XI · Reconciliation of net assets $9,066,747 net assets at year end
XI-1 Total revenue$2,515,536
XI-2 Total expenses$974,977
XI-3 Revenue less expenses$1,540,559
XI-4 Net assets at start of year$7,526,188
XI-10 Net assets at end of year$9,066,747

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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