Daystar U S
- Assets
- $2.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Bloomington, MN
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 95-3732280
Organization Overview
Daystar U S is located in Bloomington, MN. The organization was established in 1987. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Daystar U S employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daystar U S 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, Daystar U S generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 2.8% 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
TO ADVANCE THE EDUCATION OF CHRISTIAN SERVANT LEADERS TO TRANSFORM AFRICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAYSTAR UNIVERSITY - SCHOLARSHIP SUPPORT: DAYSTAR U.S. RAISES FUNDS FOR SCHOLARSHIPS AND PROVIDES ADMINISTRATIVE SERVICES AND GUIDANCE TO ASSIST AND FACILITATE A PROCESS TO HELP QUALIFIED, BUT FINANCIALLY NEEDY STUDENTS TO ACHIEVE A COLLEGE EDUCATION AT DAYSTAR UNIVERSITY IN NAIROBI, KENYA.
DAYSTAR UNIVERSITY - SPECIAL PROJECTS SUPPORT: TO PROVIDE SUPPORT FOR EMERGENCY NEEDS AND SPECIAL FOCUS MINISTRIES.
SUPPORT FOR PROGRAMS DESIGNED TO PROVIDE CHRISTIAN MINISTRIES TRAINING FOR THOSE ALREADY IN CAREER FIELDS AND FOR PROGRAMS TO PROVIDE ADDITIONAL FACULTY RESOURCES.
DAYSTAR UNIVERSITY - MISSIONARY SUPPORT: SUPPORT FOR MISSIONARY EMPLOYEES FOR THE PURPOSE OF USING THEIR SKILL SETS TO ADVANCE THE GOSPEL THROUGHOUT AFRICA AND THE WORLD THROUGH HIGHER EDUCATION.DAYSTAR UNIVERSITY - LOAN PROGRAM SUPPORT: SUPPORT FOR LOAN PROGRAM AT DAYSTAR UNIVERSITY TO HELP STUDENTS COMPLETE THEIR STUDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Alan P Cooke Executive Director | Officer | 40 | $65,000 |
Mr William Boulware Chair | OfficerTrustee | 1 | $0 |
Mr Steve O'neil Vice Chair | OfficerTrustee | 1 | $0 |
Mr Ian Wanga Treasurer | OfficerTrustee | 1 | $0 |
Rev David Lenz Secretary | OfficerTrustee | 1 | $0 |
Dr David Brandt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $240,609 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,685,541 |
| Noncash contributions included in lines 1a–1f | $583,612 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,926,150 |
| Total Program Service Revenue | $202 |
| Investment income | $32,054 |
| 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 | $1,958,406 |
| 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 | $902,762 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $81,713 |
| Compensation of current officers, directors, key employees. | $16,342 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,307 |
| Pension plan accruals and contributions | $8,087 |
| Other employee benefits | $25,787 |
| Payroll taxes | $16,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,167 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,616 |
| Fees for services: Other | $17,108 |
| Advertising and promotion | $7,387 |
| Office expenses | $28,550 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,700 |
| Travel | $11,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $263 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,159 |
| Insurance | $3,396 |
| All other expenses | $0 |
| Total functional expenses | $1,332,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $503,488 |
| Savings and temporary cash investments | $324,948 |
| Pledges and grants receivable | $75,000 |
| Accounts receivable, net | $180,762 |
| 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 | $13,760 |
| Net Land, buildings, and equipment | $5,853 |
| Investments—publicly traded securities | $996,777 |
| Investments—other securities | $0 |
| Investments—program-related | $547,496 |
| Intangible assets | $0 |
| Other assets | $15,000 |
| Total assets | $2,663,084 |
| Accounts payable and accrued expenses | $15,828 |
| 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 | $15,828 |
| Net assets without donor restrictions | $275,431 |
| Net assets with donor restrictions | $2,371,825 |
| 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 | $2,663,084 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Daystar U S has recieved totaling $50,643.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $16,000 |
Epaphroditus Foundation Elgin, IL PURPOSE: TRAINING CHURCH LEADERS | $12,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $11,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $8,600 |
William And Mary Davis Foundation Wheaton, IL PURPOSE: OPERATIONAL FUNDING | $2,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $1,046,010 |
| Earnings | -$57,717 |
| Admin Expense | $9,616 |
| Net Contributions | $18,100 |
| Ending Balance | $996,777 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Augustine Preparatory Academy Inc Milwaukee, WI | $57,201,795 | $17,148,722 |
Theodore Roosevelt Presidential Library Foundation Medora, ND | $81,219,730 | $28,646,002 |
Youthprise Minneapolis, MN | $12,849,214 | $14,734,349 |
Catholic Schools Center Of Excellence Minneapolis, MN | $1,425,727 | $6,819,995 |
Adopt-A-Classroom Inc Minneapolis, MN | $7,958,681 | $7,937,853 |
Dsu Heritage Foundation Dickinson, ND | $12,984,247 | $2,503,848 |
Page Education Foundation Minneapolis, MN | $9,424,762 | $2,991,601 |
Breakthrough Twin Cities St Paul, MN | $2,042,584 | $1,812,570 |
Daystar U S Bloomington, MN | $2,663,084 | $1,958,406 |
The Minneapolis Community And Technical College Foundation Inc Minneapolis, MN | $7,090,729 | $2,330,993 |
Nw-Links Moorhead, MN | $2,226,187 | $1,005,691 |
Pcs Building Company Ramsey, MN | $9,348,744 | $1,023,085 |