Daystar Foundation And Library Inc
- Assets
- $21.2m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Oklahoma City, OK
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 73-1361940
Organization Overview
Daystar Foundation And Library Inc is located in Oklahoma City, OK. The organization was established in 1999. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2022, Daystar Foundation And Library Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daystar Foundation And Library 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 12/2022, Daystar Foundation And Library Inc generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 5 years. 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
GATHER AND PRESERVE A WIDE RANGE OF HISTORICAL ITEMS RELATED TO CHRISTIAN SCIENCE AND THE BIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF RARE BOOK/DOCUMENT COLLECTIONDAYSTAR HOUSES AND MAINTAINS A RARE AND UNIQUE COLLECTION OF BOOKS AND DOCUMENTS RELATED TO THE HISTORY OF THE CHRISTIAN RELIGION AND THE PRACTICE OF CHRISTIAN SCIENCE. ITS LIBRARY AND FACILITY ARE OPEN TO THE PUBLIC FOR STUDY, RESEARCH, INSPIRATION, AND TO FOSTER A DEEPER AND MORE WIDESPREAD INTEREST IN THE HISTORY OF CHRISTIANITY AND THE HISTORY OF CHRISTIAN SCIENCE. THE NUMBER OF VISITS TO DAYSTAR WAS OVER 600 DURING 2022.STATEMENT CONTINUED ON SCHEDULE O.DAYSTAR RECEIVES, ON AVERAGE, OVER 100 CALLS A YEAR REQUESTING ANSWERS TO RESEARCH QUESTIONS. DAYSTAR'S WEBSITE (DAYSTARFOUNDATION.ORG) HAD 10,095 USERS IN 2022, WITH OVER 13,340 SESSIONS AND OVER 27,475 PAGE VIEWS. THE DAYSTAR COLLECTIONS INCLUDE EARLY EDITIONS OF THE PUBLISHED WRITINGS OF MRS. EDDY, THE DISCOVERER AND FOUNDER OF THE CHRISTIAN SCIENCE RELIGION, ORIGINAL LETTERS WRITTEN BY MRS. EDDY, REMINISCENCES PREPARED BY THOSE WHO KNEW HER, AND NUMEROUS BOOKS AND OTHER PUBLICATIONS ABOUT HER AND THE EMERGENCE OF CHRISTIAN SCIENCE IN NINETEENTH-CENTURY AMERICA. ALSO INCLUDED IN THE COLLECTION ARE HISTORIC BIBLES AND COMMENTARIES. DAYSTAR'S MAINTENANCE AND PRESERVATION OF SUCH BOOKS, DOCUMENTS AND ARTIFACTS MEANS THAT THE HISTORY OF CHRISTIANITY, CHRISTIAN SCIENCE AND THE BIBLE WILL BE PRESERVED FOR FUTURE GENERATIONS. DAYSTAR HAS A HISTORIC COLLECTION OF RARE BIBLES, DATING BACK TO 1606, AS WELL AS A SELECTION OF WELL-KNOWN BIBLE RESEARCH WORKS. DAYSTAR'S EXHIBITS INCLUDE BIBLES FROM THE SEVENTEENTH, EIGHTEENTH, AND NINETEENTH CENTURIES.
INVESTMENT IN ABBOTT MARKER SYSTEMS, LLC AND BOOKSTORE SALESTHE ACTIVITIES OF ABBOTT MARKER SYSTEMS, LLC IS SUBSTANTIALLY RELATED TO THE FOUNDATION'S PURPOSE OF PRESERVING THE HISTORY OF THE CHRISTIAN SCIENCE RELIGION AND THE PRACTICE AND UNDERSTANDING OF CHRISTIAN SCIENCE THROUGH THE PRODUCTION OF METAL BOOK MARKERS FOR THE STUDY OF WEEKLY BIBLE LESSONS. IN ADDITION, THE FOUNDATION SELLS VARIOUS MATERIALS RELATED TO THE STUDY OF CHRISTIAN SCIENCE.
PRESENTATION SERIES REGARDING THE HISTORY OF THE BIBLE, CHRISTIANITY, AND CHRISTIAN SCIENCE. DURING THE ASSOCIATION WEEK GUESTS ARE OFFERED TOURS OF DAYSTAR, ACCESS TO THE LIBRARY COLLECTION, AND RESEARCH HELP. THE TRAVELING PROGRAM (AKA ROAD SHOW) WAS PRESENTED BY DAYSTAR'S ARCHIVIST AND LIBRARIAN TO GROUPS IN DIFFERENT COMMUNITIES WHERE THEY WERE INVITED BY DAYSTAR SUPPORTERS TO INTRODUCE THE FOUNDATION AND SHARE CHRISTIAN SCIENCE HISTORY WITH POTENTIAL MEMBERS. THEY GAVE SIX OF THESE PRESENTATIONS IN 2022.STATEMENT CONTINUED ON SCHEDULE O.THE NEW ENGLAND FIELD PROGRAM OFFERED A TRIP TO NEW HAMPSHIRE AND MASSACHUSETTS WHERE ATTENDEES VISITED SITES OF HISTORIC SIGNIFICANCE TO THE FOUNDING AND EARLY YEARS OF CHRISTIAN SCIENCE. THE FALL EVENT INCLUDED TOURS OF THE LIBRARY AND NEW WING; TIME FOR GUESTS TO STUDY AND RESEARCH; A HARP CONCERT; A PIANO DUET CONCERT WITH VARIATIONS ON HYMNS FROM "THE CHRISTIAN SCIENCE HYMNAL; A MOVIE ABOUT AN EARLY WORKER IN THE CHRISTIAN SCIENCE MOVEMENT, HELEN WOOD BAUMAN; A STAFF PANEL PRESENTATION ABOUT ITEMS IN THE LIBRARY COLLECTION; AND A TALK BY AUTHOR AND HISTORIAN CINDY SAFRONOFF.
AV RESTORATION AND PRESERVATIONDAYSTAR IS COMMITTED TO PRESERVING A/V PROGRAMS RELATED TO THE HISTORY OF THE BIBLE, CHRISTIANITY, AND CHRISTIAN SCIENCE. IT DIGITALLY RESTORES AND ARCHIVES ITS COLLECTION OF HISTORIC A/V PROGRAMS TO MAKE THEM AVAILABLE TO VISITORS IN THE LIBRARY NOW AND FOR YEARS TO COME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen W Starrett-Trustee Executive Director & President | OfficerTrustee | 43 | $159,509 |
Valerie Bookout Accounting Manager & Secretary | Officer | 43 | $96,514 |
Dixie Aufderheide-Vice Chair Then Chairman As Of 3/4/22 | OfficerTrustee | 3 | $0 |
Mark J Sullivan - Trustee Then Vice Chair As Of 3/4/22 | OfficerTrustee | 3 | $0 |
Ron Lawrence Treasurer | OfficerTrustee | 4 | $0 |
Bea Etienne Trustee Until Oct 2022 | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Julie Wyatt Building Design And Decor | 12/30/22 | $173,142 |
Lippert Brothers Construction Building Construction | 12/30/22 | $3,188,840 |
Total Environment Landscape Maintenance | 12/30/22 | $154,588 |
Screenpoint Media Llc Digital Media Services | 12/30/22 | $154,375 |
Nobel Communications Phone/security Systems | 12/30/22 | $143,083 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $50,015 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,295,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,345,123 |
| Total Program Service Revenue | -$134,173 |
| Investment income | $62,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,200 |
| Net Gain/Loss on Asset Sales | $8,659 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$5,567 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,283,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,392 |
| 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. | $263,704 |
| Compensation of current officers, directors, key employees. | $52,741 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $389,425 |
| Pension plan accruals and contributions | $9,869 |
| Other employee benefits | $0 |
| Payroll taxes | $48,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,521 |
| Fees for services: Accounting | $35,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,636 |
| Fees for services: Other | $3,312 |
| Advertising and promotion | $3,083 |
| Office expenses | $46,318 |
| Information technology | $67,649 |
| Royalties | $0 |
| Occupancy | $93,135 |
| Travel | $20,836 |
| 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 | $588,401 |
| Insurance | $32,261 |
| All other expenses | $14,811 |
| Total functional expenses | $2,119,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,862 |
| Savings and temporary cash investments | $1,931,222 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $113,917 |
| Prepaid expenses and deferred charges | $31,368 |
| Net Land, buildings, and equipment | $13,821,048 |
| Investments—publicly traded securities | $3,470,558 |
| Investments—other securities | $0 |
| Investments—program-related | $1,753,663 |
| Intangible assets | $115,457 |
| Other assets | $0 |
| Total assets | $21,241,202 |
| Accounts payable and accrued expenses | $124,987 |
| 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 | $124,987 |
| Net assets without donor restrictions | $19,897,849 |
| Net assets with donor restrictions | $1,218,366 |
| 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 | $21,241,202 |
Grants Awarded
Over the last fiscal year, Daystar Foundation And Library Inc has awarded $34,309 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED FOUNDERS NEIGHBORHOOD FOUNDATION PURPOSE: NEIGHBORHOOD MAINTENANCE & SAFETY | $24,309 |
THE CLASSICAL ACADEMY DE LAFAYETTE PURPOSE: Further Christian Science Education for virtuous life | $10,000 |