Spring Meadow Resources Inc
- Assets
- $7.0m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 187
- Location
- Helena, MT
- Founding
- 10/1975
- Data as of
- 06/2023
- EIN
- 81-0352330
Organization Overview
Spring Meadow Resources Inc is located in Helena, MT. The organization was established in 1975. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2023, Spring Meadow Resources Inc employed 187 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Meadow Resources 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 06/2023, Spring Meadow Resources Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $5.0m during the year ending 06/2023. While expenses have increased by 5.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES A HIGHER QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
-PROVIDE COMMUNITY LIVING CONDITIONS, INDEPENDENT LIVING, TRAINING AND ASSISTANCE, ABUSE PREVENTION, ADULT DAY CARE SERVICES, HABILITATION AND HOMEMAKER SERVICES AND TRAINING. -WEEKLY INCLUSIONS INTO THE COMMUNITY -CARE PROVIDED 365 DAYS A YEAR 24 HOURS A DAY
GROUP HOME AND COMMUNITY RENTALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mick Leary President | OfficerTrustee | 1 | $0 |
David Kettman Vice President | OfficerTrustee | 1 | $0 |
Kay Gray Treasurer | OfficerTrustee | 1 | $0 |
Mike Caplais Director | Trustee | 1 | $0 |
Rachel Cattrel Director | Trustee | 1 | $0 |
Dale Haus Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $304,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,721 |
| Noncash contributions included in lines 1a–1f | $33,698 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,039 |
| Total Program Service Revenue | $5,092,353 |
| Investment income | $1,062 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,846 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,455,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $169,573 |
| Compensation of current officers, directors, key employees. | $169,573 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,973,187 |
| Pension plan accruals and contributions | $84,406 |
| Other employee benefits | $167,915 |
| Payroll taxes | $419,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,263 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $78,489 |
| Office expenses | $62,926 |
| Information technology | $115,108 |
| Royalties | $0 |
| Occupancy | $114,911 |
| Travel | $28,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,265 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,809 |
| Insurance | $50,125 |
| All other expenses | $81,873 |
| Total functional expenses | $4,980,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,518 |
| Savings and temporary cash investments | $355,856 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $825,458 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,620 |
| Prepaid expenses and deferred charges | $5,737 |
| Net Land, buildings, and equipment | $2,403,584 |
| Investments—publicly traded securities | $3,317,370 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,028,143 |
| Accounts payable and accrued expenses | $437,354 |
| 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 | $565,325 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,534 |
| Total liabilities | $1,008,213 |
| Net assets without donor restrictions | $6,004,180 |
| Net assets with donor restrictions | $15,750 |
| 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 | $7,028,143 |