Deep Springs Corporation
- Assets
- $40.1m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 35
- Location
- Dyer, NV
- Founding
- 08/1966
- Data as of
- 06/2022
- EIN
- 95-6137481
Organization Overview
Deep Springs Corporation is located in Dyer, NV. The organization was established in 1966. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Deep Springs Corporation employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deep Springs Corporation 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, Deep Springs Corporation generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. 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 PROVIDE STUDENTS WITH A LIBERAL ARTS EDUCATION THROUGH ACADEMICS, LABOR, AND SELF-GOVERNANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEEP SPRINGS COLLEGE IS LOCATED ON A CATTLE RANCH AND ALFALFA FARM IN CALIFORNIA. THE COLLEGE INTEGRATES ACADEMICS, LABOR, AND SELF-GOVERNANCE. IT ENABLES ITS TWENTY-SIX TO THIRTY STUDENTS TO EXPERIENCE AND TAKE YEAR-ROUND RESPONSIBILITY FOR A LARGELY SELF-SUSTAINING COMMUNITY, RANCH, AND FARM WHILE REQUIRING THEM TO ENGAGE IN A TWO-YEAR LIBERAL ARTS HONORS PROGRAM. THE COLLEGE SERVES TO EDUCATE AND PREPARE ITS STUDENTS FOR TRANSITION TO FOUR-YEAR INSTITUTIONS FOR ACADEMIC DEGREE COMPLETION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Darlington President | Officer | 40 | $215,000 |
Padraic Macleish CFO Until 1/1/22 | Officer | 20 | $97,418 |
Ryan Derby-Talbot Dean & CFO As Of 1/1/22 | Officer | 40 | $45,005 |
Jonathan Deweese Secretary | OfficerTrustee | 1 | $0 |
Marina Hsieh Chair & Director | OfficerTrustee | 1 | $0 |
Aron Fischer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $516,054 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,054,009 |
| Noncash contributions included in lines 1a–1f | $40,048 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,570,063 |
| Total Program Service Revenue | $0 |
| Investment income | $40,117 |
| 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 | $78,853 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,689,033 |
| 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. | $377,585 |
| Compensation of current officers, directors, key employees. | $219,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $658,254 |
| Pension plan accruals and contributions | $123,094 |
| Other employee benefits | $224,053 |
| Payroll taxes | $102,572 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,050 |
| Fees for services: Accounting | $107,379 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,288 |
| Fees for services: Other | $0 |
| Advertising and promotion | $46,517 |
| Office expenses | $192,294 |
| Information technology | $15,049 |
| Royalties | $0 |
| Occupancy | $131,301 |
| Travel | $11,411 |
| 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 | $327,541 |
| Insurance | $231,225 |
| All other expenses | $0 |
| Total functional expenses | $2,904,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,630 |
| Savings and temporary cash investments | $979,022 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,029 |
| 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 | $116,843 |
| Net Land, buildings, and equipment | $13,938,478 |
| Investments—publicly traded securities | $24,712,075 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,964 |
| Total assets | $40,061,041 |
| Accounts payable and accrued expenses | $308,794 |
| 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 | $4,635 |
| Total liabilities | $313,429 |
| Net assets without donor restrictions | $24,752,210 |
| Net assets with donor restrictions | $14,995,402 |
| 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 | $40,061,041 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Deep Springs Corporation has recieved totaling $35,268.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $17,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,630 |
Blue Oak Foundation Pennington, NJ PURPOSE: SUPPORT FOR DEEP SPRINGS | $5,000 |
Sempra Energy Foundation San Diego, CA PURPOSE: EDUCATION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $138 |
Endowment Analysis
| Beg. Balance | $30,070,572 |
| Earnings | -$2,324,327 |
| Admin Expense | $79,187 |
| Net Contributions | -$184,458 |
| Other Expense | $2,275,497 |
| Ending Balance | $25,207,103 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oak Grove Institute Foundation Inc Murrieta, CA | $29,102,821 | $23,083,215 |
Taco Bell Foundation Inc Irvine, CA | $32,895,109 | $23,910,509 |
Albina Head Start Inc Portland, OR | $22,611,624 | $19,457,720 |
Orbis Cascade Alliance Portland, OR | $8,013,554 | $17,694,791 |
Albert Einstein Academies San Diego, CA | $21,189,771 | $17,379,077 |
Prospect Sierra School El Cerrito, CA | $31,201,283 | $16,565,547 |
Options Counseling Services Of Oregon Eugene, OR | $12,586,092 | $15,957,358 |
Transitions - Mental Health Association San Luis Obispo, CA | $15,943,493 | $14,891,475 |
International Myeloma Foundation Studio City, CA | $20,383,236 | $17,434,390 |
Open Networking Foundation Palo Alto, CA | $9,261,912 | $16,468,416 |
Sonoma Valley Community Health Center Sonoma, CA | $15,645,180 | $13,937,473 |
After-School All-Stars Los Angeles, CA | $10,011,535 | $13,148,528 |