Mainspring Schools
- Assets
- $2.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 45
- Location
- Austin, TX
- Founding
- 12/1950
- Data as of
- 08/2021
- EIN
- 74-1143055
Organization Overview
Mainspring Schools is located in Austin, TX. The organization was established in 1950. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2021, Mainspring Schools employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mainspring Schools 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 08/2021, Mainspring Schools generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.8m during the year ending 08/2021. While expenses have increased by 7.7% per year over the past 6 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
PROVIDE CHILD CARE SERVICES TO LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINSPRING SCHOOLS PROVIDES CHILD CARE SERVICES TO CHILDREN FROM LOW INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Gindele Executive Di | OfficerTrustee | 40 | $103,147 |
Lisa Killough Treasurer | OfficerTrustee | 2 | $0 |
Catherine Felice Chair | OfficerTrustee | 2 | $0 |
Santa Hernandez Secretary | OfficerTrustee | 2 | $0 |
Aj Bingham Board Member | Trustee | 1 | $0 |
Valerie Daubert Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $32,494 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $497,190 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,568,678 |
| Noncash contributions included in lines 1a–1f | $13,496 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,098,362 |
| Total Program Service Revenue | $312,655 |
| Investment income | $9,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $87 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,420,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,593 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,368 |
| Compensation of current officers, directors, key employees. | $15,789 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,186,856 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $122,165 |
| Payroll taxes | $81,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $825 |
| Fees for services: Accounting | $11,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,561 |
| Fees for services: Other | $58,552 |
| Advertising and promotion | $8,032 |
| Office expenses | $17,246 |
| Information technology | $3,484 |
| Royalties | $0 |
| Occupancy | $63,136 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,795 |
| Insurance | $7,031 |
| All other expenses | $18,867 |
| Total functional expenses | $1,841,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,311 |
| Savings and temporary cash investments | $660,669 |
| Pledges and grants receivable | $417,055 |
| Accounts receivable, net | $42,982 |
| 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 | $20,725 |
| Net Land, buildings, and equipment | $167,704 |
| Investments—publicly traded securities | $760,791 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,134,237 |
| Accounts payable and accrued expenses | $37,814 |
| Grants payable | $0 |
| Deferred revenue | $67,009 |
| 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 | $98,621 |
| Total liabilities | $203,444 |
| Net assets without donor restrictions | $1,615,377 |
| Net assets with donor restrictions | $315,416 |
| 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 | $2,134,237 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mainspring Schools has recieved totaling $57,000.
| Awarding Organization | Amount |
|---|---|
Commercial Brokers Association Of Austin Austin, TX PURPOSE: CONTRIBUTION | $50,000 |
Posey-Glickert Foundation Austin, TX PURPOSE: EARLY CHILDHOOD EDUCATION | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Inc Austin, TX | $5,389,599 | $17,643,504 |
Southwest Christian School Inc Fort Worth, TX | $45,808,415 | $19,471,207 |
Southwest Louisiana Charter Academy Foundation Inc Lake Charles, LA | $44,512,602 | $16,859,571 |
Trinity School Of Midland Texas Midland, TX | $27,961,554 | $15,122,842 |
Dallas International School Dallas, TX | $26,054,966 | $13,430,563 |
Tulsa Christian Education Corporation Tulsa, OK | $13,603,997 | $12,564,074 |
Fort Worth Christian School Inc North Richland Hills, TX | $26,990,918 | $13,008,195 |
D Arbonne Woods Charter School Inc Farmerville, LA | $29,772,897 | $12,075,907 |
The New School Fayetteville, AR | $39,755,955 | $6,395,577 |
Success Preparatory Academy New Orleans, LA | $2,439,777 | $7,661,479 |
The Fay School Houston, TX | $22,159,376 | $8,809,137 |
Manara Academy Inc Irving, TX | $8,798,119 | $7,313,954 |