Springs Of Life Foundation
- Assets
- $386.9k
- Revenue
- $522.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Jellico, TN
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-4828906
Organization Overview
Springs Of Life Foundation is located in Jellico, TN. The organization was established in 2014. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Springs Of Life Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springs Of Life Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Springs Of Life Foundation generated $522.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $350.7k during the year ending 12/2021. While expenses have increased by 14.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP LEAD MEN WHO HAVE BEEN CAPTURED BY ADDICTION OR OTHER LIFE CONTROLLING ISSUES TO FREEDOM THROUGH A CHRIST CENTERED DISCIPLESHIP PROGRAM IN A RESIDUAL REHABILITATION SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, SPRINGS OF LIFE HAD 4 INDIVIDUALS SUCCESSFULLY COMPLETE THE 9 MONTH PROGRAM, WITH 11 OTHERS CURRENTLY ENROLLED AND ON TRACK TO COMPLETE IN PROPER TIME. ALL 4 GRADUATES WENT ON TO SECURE FULL TIME EMPLOYMENT OR INTERNSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cliff Branam President | OfficerTrustee | 40 | $46,900 |
Steve Christian Board Member | Trustee | 5 | $15,225 |
Stephen L Meeks Vice-President | OfficerTrustee | 5 | $0 |
Allen Mcclary Secretary And Treasurer | OfficerTrustee | 5 | $0 |
Derek Brown Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $317,436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $317,436 |
| Total Program Service Revenue | $72,655 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $522,763 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,498 |
| Compensation of current officers, directors, key employees. | $46,900 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,124 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,496 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,633 |
| Advertising and promotion | $2,718 |
| Office expenses | $10,457 |
| Information technology | $863 |
| Royalties | $0 |
| Occupancy | $43,623 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $798 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,678 |
| Insurance | $14,644 |
| All other expenses | $14,001 |
| Total functional expenses | $350,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,457 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $226,448 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $386,905 |
| Accounts payable and accrued expenses | $1,136 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,136 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $385,769 |
| Total liabilities and net assets/fund balances | $386,905 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Springs Of Life Foundation has recieved totaling $66.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Conservative Union Alexandria, VA | $4,885,240 | $15,442,633 |
Members Choice Credit Union Ashland, KY | $332,356,623 | $13,811,738 |
International Association Of Refrigerated Warehouses Arlington, VA | $5,555,867 | $6,081,078 |
State Engagement Fund Raleigh, NC | $3,992,375 | $7,875,633 |
First Choice Community Cu Knoxville, TN | $47,507,286 | $1,528,915 |
Metric Media Foundation Harrisonville, MO | $333,905 | $1,765,390 |
Missouri Independent Bankers Association Incorporated Jefferson City, MO | $1,281,760 | $1,238,995 |
Providing Hope Va Fredericksburg, VA | $1,469,789 | $1,859,097 |
Crossroads Grassroots Policy Strategies Haymarket, VA | $336,324 | $3,046 |
1776 Action Arlington, VA | $326,100 | $1,190,055 |
Center For Freedom And Prosperity Inc Alexandria, VA | $181,279 | $705,680 |
Walkaway Foundation Alexandria, VA | $814,430 | $466,516 |