Spring Initiative Inc
- Assets
- $854.7k
- Revenue
- $995.2k
- Investments
- $0.0
- Employees
- 16
- Location
- Clarksdale, MS
- Founding
- 08/2011
- Data as of
- 07/2021
- EIN
- 45-2243846
Organization Overview
Spring Initiative Inc is located in Clarksdale, MS. The organization was established in 2011. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 07/2021, Spring Initiative Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Initiative Inc 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 07/2021, Spring Initiative Inc generated $995.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $910.8k during the year ending 07/2021. While expenses have increased by 13.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPRING EMPOWERS YOUTH TO DISCOVER AND UNLEASH THEIR POTENTIAL THROUGH A HOLISTIC PERSONAL AND EDUCATION APPROACH BY PROMOTING EMOTIONAL WELL-BEING, ACADEMIC GROWTH AND EXCELLENCE, COMMUNITY ENGAGEMENT AND GLOBAL EXPOSURE, SOCIAL CONNECTEDNESS, PHYSICAL HEALTH AND CREATIVE EXPRESSION. SPRING FUNCTIONS AS A DAILY AFTER-SCHOOL PROGRAM THAT PROVIDES ACADEMIC INSTRUCTION, ENRICHMENT AND SUPPORT IN A FRAMEWORK OF STABLE AND TRUSTING RELATIONSHIPS WITH PEERS AND ADULTS. SPRING CREATES OPPORTUNITIES FOR ITS STUDENTS TO IDENTIFY POSITIVE, POSSIBLE FUTURE SELVES BY BUILDING THE ACADEMIC SKILLS AND CONFIDENCE NECESSARY AND ENCOURAGING ITS STUDENTS TO ENGAGE WITH OTHERS AND THEMSELVES IN A KIND AND PROACTIVE WAY. SPRING BELIEVES THAT BY EXPOSING ITS STUDENTS TO NEW PLACES, INDIVIDUALS, IDEAS, AND APPROACHES, THE KIDS WILL BE EMPOWERED TO DREAM BIG. SPRING STUDENTS OVERCOME OBSTACLES IN A SUPPORTIVE ENVIRONMENT AS THEY DEVELOP GOALS AND A VISION FOR THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAILY COMPREHENSIVE YOUTH PROGRAMS SERVING 45 STUDENTS IN THREE DIFFERENT AGE GROUPS YEAR ROUND (LITTLE, JUNIOR, AND BIG SPRING COHORTS). PROGRAMS RUN MONDAY-FRIDAY, 4PM-7PM, BUT INCLUDE SIGNIFICANT PROGRAMMING DURING WEEKENDS AND BREAKS, INCLUDING COLLEGE VISITS AND EDUCATIONAL TRIPS THROUGHOUT THE YEAR. PROGRAM FOCUSES INCLUDE INDIVIDUALIZED ACADEMIC INSTRUCTION AND TUTORING (REMEDIAL AND ENRICHING), COLLEGE PREP, MENTORING, THERAPY, INTERNSHIPS, EXERCISE, HEALTHY NUTRITION, AND ENRICHMENT ACTIVITIES TO ENGAGE EACH STUDENT'S EMOTIONAL, SOCIAL, MENTAL, COGNITIVE AND PHYSICAL NEEDS.
BABY UNIVERSITY, WHICH IS A NINE WEEK INTENSIVE PARENTING PROGRAM FOR EXPECTING PARENTS AND FAMILIES WITH CHILDREN UNDER THE AGE OF THREE. EACH COURSE IS STRUCTURED AROUND A MIXTURE OF INSTRUCTION AND GUIDED PLAY TIME TO HELP PARENTS BUILD SKILLS THAT WILL FOSTER OPTIMAL PHYSICAL, EMOTIONAL, AND COGNITIVE DEVELOPMENT IN THEIR BABIES AND TODDLERS. CLASSES ALSO PROVIDE OPPORTUNITIES FOR PEER SUPPORT, INTROSPECTION AND EXPERIENTIAL LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Thompson Board Chair | OfficerTrustee | $0 | |
Adrienne Hudson Board Member | Trustee | $0 | |
Fred Cohen Board Member | Trustee | $0 | |
Harriet Allen Board Member | Trustee | $0 | |
Steve Jossell Board Member | Trustee | $0 | |
Amanda Johnson Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $802,169 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $191,480 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $995,248 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $995,248 |
| 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 | $0 |
| Other salaries and wages | $426,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165 |
| Advertising and promotion | $9,699 |
| Office expenses | $34,070 |
| Information technology | $17,197 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,546 |
| 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 | $14,179 |
| Insurance | $0 |
| All other expenses | $56,710 |
| Total functional expenses | $910,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $823,530 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $31,181 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25 |
| Total assets | $854,736 |
| Accounts payable and accrued expenses | $0 |
| 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 | $13,077 |
| Total liabilities | $13,077 |
| Net assets without donor restrictions | $652,789 |
| Net assets with donor restrictions | $188,870 |
| 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 | $854,736 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Spring Initiative Inc has recieved totaling $537,994.
| Awarding Organization | Amount |
|---|---|
Donnini-Rudolph Family Foundation Champaign, IL PURPOSE: BEST USE | $250,000 |
Phil Hardin Foundation Meridian, MS PURPOSE: SPRING INITIATIVE | $100,000 |
Phil Hardin Foundation Meridian, MS PURPOSE: SPRING INITIATIVE | $50,000 |
Community Foundation Of Northwest Mississippi Inc Hernando, MS PURPOSE: CARES ACT-COVID RELIEF | $49,450 |
Community Foundation Of East Central Illinois Champaign, IL PURPOSE: GENERAL SUPPORT | $39,000 |
Eades Foundation Champaign, IL PURPOSE: OPERATING EXPENSES FOR EDUCATION FACILITY | $27,000 |
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