Spero Family Services
- Assets
- $8.9m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 241
- Location
- Mt Vernon, IL
- Founding
- 09/2006
- Data as of
- 06/2023
- EIN
- 37-0673515
Organization Overview
Spero Family Services is located in Mt Vernon, IL. The organization was established in 2006. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 06/2023, Spero Family Services employed 241 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spero Family Services 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, Spero Family Services generated $12.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $11.8m during the year ending 06/2023. While expenses have increased by 8.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SPERO FAMILY SERVICES OFFERS HOPE, HELP AND HEALING BY PROVIDING CHRIST-CENTERED HUMAN SERVICES TO MEET THE EVER-CHANGING NEEDS OF INDIVIDUALS, FAMILIES, AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE QUALIFIED RESIDENTIAL TREATMENT PROGRAM PROMOTES HEALING AND PROVIDES A COMPASSIONATE ENVIRONMENT WITH THE SUPPORT OF CARING PEOPLE. YOUTH ARE CARED FOR AND SUPERVISED BY A MULTI-DISCIPLINARY TREATMENT TEAM THAT INCLUDES THERAPISTS, PSYCHIATRISTS, PSYCHIATRIC NURSES (CERTIFIED IN MENTAL HEALTH), CASE MANAGERS AND OTHER TRAINED PARA-PROFESSIONAL STAFF. A CONSULTING PSYCHOLOGIST IS ALSO AVAILABLE. THIS PROGRAM SERVES 12 YOUTH (MALES AND FEMALES) AND PLACES THEM IN YOUTH HOMES ON A 25 ACRE CAMPUS. YOUTH IN THE PROGRAM RANGE FROM 12 TO 18 YEARS OF AGE. SPERO FAMILY SERVICES CONSISTENTLY STRIVES FOR EXCELLENCE AS THEY SEEK TO HELP YOUTH AND FAMILIES GROW THROUGH SERVICES PROVIDED IN A NURTURING ENVIRONMENT OF TRUST AND OPEN COMMUNICATION.
THE BRIGHT START PROGRAM IS A DAYCARE CENTER THAT IS LICENSED FOR 122 YOUTH AGES INFANT THROUGH 5. APPROXIMATELY 50% OF THE FAMILIES ARE LOW INCOME AND THEIR FEES ARE SUBSIDIZED BY THE PROJECT CHILD GRANT.
THE RAP IMMERSION SITE PROGRAM PROVIDES INTENSIVE COMMUNITY-BASED SERVICES AND SUPPORT THROUGH TEAM FACILITATION AND SERVICE COORDINATION TO FAMILIES INVOLVED IN DEPARTMENT OF CHILDREN AND FAMILY SERVICES INTACT OR REUNIFICATION SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Hoffman Chairperson | OfficerTrustee | 0.2 | $0 |
Kay Zibby-Damron Vice-Chairperson | OfficerTrustee | 0.2 | $0 |
Sharon Sims Secretary | Trustee | 0.2 | $0 |
Gail White Treasurer | Trustee | 0.2 | $0 |
Rev Victor Long Director | Trustee | 0.2 | $0 |
Jamie Armstrong Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,541,711 |
| All other contributions, gifts, grants, and similar amounts not included above | $947,907 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,489,618 |
| Total Program Service Revenue | $551,521 |
| Investment income | $27,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $31,704 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,673 |
| Net Income from Fundraising Events | $46,485 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,185,817 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $122,722 |
| Other salaries and wages | $6,868,902 |
| Pension plan accruals and contributions | $140,888 |
| Other employee benefits | $542,212 |
| Payroll taxes | $539,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,659 |
| Fees for services: Accounting | $42,434 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $145,918 |
| Advertising and promotion | $0 |
| Office expenses | $689,175 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $290,841 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $120,410 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $140,335 |
| Insurance | $93,840 |
| All other expenses | $587,686 |
| Total functional expenses | $11,780,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,806 |
| Savings and temporary cash investments | $329,969 |
| Pledges and grants receivable | $1,061,613 |
| Accounts receivable, net | $721,797 |
| 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 | $164,744 |
| Net Land, buildings, and equipment | $1,913,939 |
| Investments—publicly traded securities | $4,020,376 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $506,816 |
| Total assets | $8,893,060 |
| Accounts payable and accrued expenses | $666,557 |
| Grants payable | $0 |
| Deferred revenue | $36,102 |
| 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 | $2,675,156 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $455,270 |
| Total liabilities | $3,833,085 |
| Net assets without donor restrictions | $2,135,144 |
| Net assets with donor restrictions | $2,924,831 |
| 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 | $8,893,060 |