Dayspring Farms is located in Williamsport, TN. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dayspring Farms 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 12/2022, Dayspring Farms generated $55.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (39.8%) each year. All expenses for the organization totaled $72.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
RENOVATING A 1942 FARMHOUSE FOR DISCIPLED STUDENTS TO LIVE IN AND RAISE HEALTHY ANIMALS TO SELL MEAT AND EGGS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Stone President | 60 | $0 | |
Wanda Stone Treasurer Secretary | 60 | $0 | |
William Ian Gilchrist Member | 1 | $0 | |
James N Stone Member | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,546 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,580 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $12,274 |
| Occupancy, rent, utilities, and maintenance | $53,047 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,310 |
| Total expenses | $72,631 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,247 |
| Other assets | $0 |
| Total assets | $25,141 |
| Total liabilities | $22,073 |
| Net assets or fund balances | $3,068 |