Spero Family Services
- Assets
- $7.2m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 257
- Location
- Mount Vernon, IL
- Founding
- 09/2006
- Data as of
- 06/2022
- EIN
- 37-0673515
Organization Overview
Spero Family Services is located in Mount 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 06/2022, Spero Family Services employed 257 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 06/2022, Spero Family Services generated $13.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $9.9m during the year ending 06/2022. While expenses have increased by 5.7% 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
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
QUALIFIED RESIDENTIAL TREATMENT PROGRAM - TO PROMOTE HEALING, THIS PROGRAM PROVIDES A COMPASSIONATE ENVIRONMENT WITH THE SUPPORT OF CARING PEOPLE. YOUTH ARE CARED FOR AN SUPERVISED BY A MULTI-DISCIPLINARY TREATMENT TEAM THAT INCLUDES THERAPISTS, PSYCHIATRISTS, PSYCHIATIRC NURSE (CERTIFIED IN MENTAL HEALTH), CASE MANAGERS AND OTHER TRAINED PARA-PROFESSIONAL STAFF. A CONSULTING PSYCHOLOGIST IS ALSO AVAILABLE.THIS PROGRAM SERVES 10 YOUTH (FEMALES AND MALES) IN TO 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.
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.
SPERO COUNSELING & WELLNESS PROGRAM - PROVIDES OUTPATIENT COUNSELING SERVICES IN MANY DIFFERENT AREAS, PREPARE EVALUATIONS OF CLIENTS FOR COURT PURPOSES AND PROVIDE TRAINING COURSES TO EDUCATE THE COMMUNITY ON DIFFERENT TOPICS RELATED TO THERE COUNSELING SERVICES. THESE SERVICES ARE PROVIDED TO INDIVIDUALS, FAMILIES, AND GROUPS OF ALL AGES ON A FEE FOR SERVICE BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Shadowens Former CEO | Officer | 40 | $112,794 |
Joe Bernard CEO | Officer | 40 | $96,700 |
Doug Hoffman Director | OfficerTrustee | 0 | $0 |
Rev Victor Long Chairman | OfficerTrustee | 0 | $0 |
Jamie Armstrong Secretary | OfficerTrustee | 0 | $0 |
Dr John Hatton Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,629 |
| Related organizations | $0 |
| Government grants | $9,152,998 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,383,245 |
| Noncash contributions included in lines 1a–1f | $8,171 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,577,872 |
| Total Program Service Revenue | $555,373 |
| Investment income | $50,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $38,864 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,404,846 |
| 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. | $169,219 |
| Compensation of current officers, directors, key employees. | $5,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,668,043 |
| Pension plan accruals and contributions | $130,919 |
| Other employee benefits | $707,181 |
| Payroll taxes | $465,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,671 |
| Fees for services: Accounting | $40,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,279 |
| Advertising and promotion | $0 |
| Office expenses | $322,479 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $222,491 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $125,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179,197 |
| Insurance | $109,203 |
| All other expenses | $534,469 |
| Total functional expenses | $9,931,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,468 |
| Savings and temporary cash investments | $301,407 |
| Pledges and grants receivable | $424,842 |
| Accounts receivable, net | $657,127 |
| 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 | $135,150 |
| Net Land, buildings, and equipment | $1,982,253 |
| Investments—publicly traded securities | $3,522,063 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $127,708 |
| Total assets | $7,180,018 |
| Accounts payable and accrued expenses | $623,441 |
| Grants payable | $0 |
| Deferred revenue | $32,929 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $10,598 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,182,820 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,849,788 |
| Net assets without donor restrictions | $1,794,215 |
| Net assets with donor restrictions | $2,536,015 |
| 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 | $7,180,018 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Spero Family Services has recieved totaling $4,348.
| Awarding Organization | Amount |
|---|---|
Bridewell-Henning Foundation Trust Lake Bluff, IL PURPOSE: PROGRAM SUPPORT | $3,500 |
John T Cherry Foundation Inc Carbondale, IL PURPOSE: CHARITABLE ACTIVITIES | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $348 |
Endowment Analysis
| Earnings | -$315,255 |
| Net Contributions | $2,799,753 |
| Ending Balance | $2,484,498 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Specialized Alternatives For Families And Youth Of Kentucky Inc Lexington, KY | $1,516,940 | $14,842,351 |
S O S Childrens Villages Illinois Chicago, IL | $43,220,580 | $16,194,875 |
Spero Family Services Mount Vernon, IL | $7,180,018 | $13,404,846 |
Foster Adopt Connect Inc Independence, MO | $12,161,256 | $8,168,684 |
Foster Care Coalition Of Greater St Louis Inc St Louis, MO | $5,655,247 | $6,817,874 |
Anu Family Services Inc Hudson, WI | $1,968,643 | $4,725,579 |
Potter Childrens Home And Family Ministries Inc Bowling Green, KY | $1,618,168 | $3,609,147 |
Evangelical Child & Family Agency Wheaton, IL | $2,719,927 | $2,720,206 |
Phoenix Institute Inc Fort Wayne, IN | $0 | $717,563 |
Family Compass Inc Dyer, IN | $1,107,457 | $1,104,942 |
Servant Manor Inc Milwaukee, WI | $114,593 | $973,690 |
Pillar & Vine Inc Brandon, WI | $1,031,658 | $969,282 |