Day Spring Inc
- Assets
- $859.0k
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 91
- Location
- Louisville, KY
- Founding
- 09/1991
- Data as of
- 06/2022
- EIN
- 61-1205613
Organization Overview
Day Spring Inc is located in Louisville, KY. The organization was established in 1991. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Day Spring Inc employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Day Spring Inc 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 06/2022, Day Spring Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 10.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING MANAGER AND EMPLOYEE PROVIDER TO FOUR HUD SECTION 811 PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES HOUSING,SOCIAL SUPPORT AND FAMILY HOME PROVIDER SERVICES TO INTELLECTUALLY DISABLED ADULTS IN GROUP AND INDIVIDUAL HOMES IN LOUISVILLE, KY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becca Krall Vice Chairpe | Officer | $0 | |
Patrick Magill Chairperson | Officer | $0 | |
Jamie Laws Treasurer | Officer | $0 | |
Beth Barrett Secretary | Officer | $0 | |
Lauren Hays CEO | Officer | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,209,608 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,322,401 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,309,468 |
| Pension plan accruals and contributions | $19,370 |
| Other employee benefits | $199,705 |
| Payroll taxes | $176,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,641 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,617 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,004 |
| Insurance | $118,158 |
| All other expenses | $442,085 |
| Total functional expenses | $4,838,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $188,854 |
| 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 | $93,248 |
| Net Land, buildings, and equipment | $430,393 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $859,006 |
| Accounts payable and accrued expenses | $369,680 |
| 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 | $195,484 |
| Total liabilities | $565,164 |
| Net assets without donor restrictions | $293,842 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $859,006 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Day Spring Inc has recieved totaling $48,867.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $28,267 |
Gheens Foundation Inc Louisville, KY PURPOSE: GENERAL OPERATIONS | $20,000 |
Barbara And Albert Horton Foundation Inc Louisville, KY PURPOSE: RESIDENTIAL SERVICES FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES | $500 |
Schaeffer Foundation Inc Shelbyville, KY PURPOSE: TO FUTHER THE GOALS OF THIS CHARITY | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baby Fold Normal, IL | $27,364,116 | $17,486,637 |
Day Care Resources Inc Tremont, IL | $2,117,943 | $17,941,943 |
Centers For New Horizons Inc Chicago, IL | $7,305,979 | $16,275,139 |
River Valley Child Development Services Huntington, WV | $6,974,645 | $16,881,683 |
Sal Family And Community Services Moline, IL | $8,918,922 | $19,104,520 |
Learning Grove Inc Covington, KY | $12,030,181 | $15,031,851 |
Carole Robertson Center For Learning Chicago, IL | $14,277,174 | $18,327,901 |
Operation Breakthrough Inc Kansas City, MO | $30,816,270 | $15,851,429 |
Horizon Education Centers North Olmsted, OH | $18,012,561 | $15,661,118 |
The Childrens Center Franklin, VA | $3,548,502 | $14,069,816 |
Henry Booth House Chicago, IL | $2,336,796 | $13,372,384 |
Campagna Center Inc Alexandria, VA | $7,278,188 | $13,190,790 |