Daystar Foundation And Library Inc
- Assets
- $20.3m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Oklahoma City, OK
- Founding
- 08/1999
- Data as of
- 12/2021
- 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 12/2021, Daystar Foundation And Library Inc employed 11 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 12/2021, Daystar Foundation And Library Inc generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. 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
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 IS 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 585 DURING 2021.STATEMENT CONTINUED ON SCHEDULE O.DAYSTAR RECEIVES, ON AVERAGE, OVER 110 CALLS A YEAR REQUESTING ANSWERS TO RESEARCH QUESTIONS. DAYSTAR'S WEBSITE (DAYSTARFOUNDATION.ORG) HAD 7,491 USERS IN 2021, WITH OVER 10,021 SESSIONS AND OVER 24,411 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.
PRESENTATION SERIES REGARDING THE HISTORY OF THE BIBLE, CHRISTIANITY, AND CHRISTIAN SCIENCE. THE PANDEMIC HINDERED ATTENDANCE AT DAYSTAR'S TWO ONSITE EVENTS.DURING THE ASSOCIATION WEEK GUESTS ARE OFFERED TOURS OF DAYSTAR, ACCESS TO THE LIBRARY COLLECTION, AND RESEARCH HELP. THE TRAVELING PROGRAM AND THE NEW ENGLAND FIELD PROGRAM WERE CANCELLED DURING 2021 DUE TO THE PANDEMIC RESTRICTIONS, BUT THEY WILL BE CONTINUED WHEN THE RESTRICTIONS ARE LIFTED.STATEMENT CONTINUED ON SCHEDULE O.THE FALL EVENT INCLUDED TOURS OF THE LIBRARY; 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, JULIAN ALCO; A STAFF PANEL PRESENTATION ABOUT ITEMS IN THE LIBRARY COLLECTION; AND A TALK BY AUTHOR JAMES ROSEBUSH ABOUT PRESIDENT RONALD REAGAN'S PRACTICE OF CHRISTIANITY.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Ann Ridley Chairman Until 12/7/21 | OfficerTrustee | 43 | $157,967 |
Kathleen W Starrett-Exec Dir & Pres - Trustee As Of Dec 2021 | OfficerTrustee | 40 | $150,485 |
Valerie Bookout Secretary | Officer | 40 | $92,156 |
Dixie Aufderheide Vice Chairman | OfficerTrustee | 3 | $0 |
Ron Lawrence Treasurer | OfficerTrustee | 4 | $0 |
Bea Etienne Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Julie Wyatt Building Design And Decor | 12/30/21 | $182,037 |
Lippert Brothers Construction Building Construction | 12/30/21 | $2,417,395 |
Trinity Group Architects Architect Services | 12/30/21 | $164,529 |
Screenpoint Media Llc Digital Media Services | 12/30/21 | $158,312 |
Total Environment Landscape Maintenance | 12/30/21 | $121,723 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $50,505 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,400,075 |
| Noncash contributions included in lines 1a–1f | $6,782 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,450,580 |
| Total Program Service Revenue | -$132,066 |
| Investment income | $68,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,200 |
| Net Gain/Loss on Asset Sales | $155,286 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,858 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,547,578 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,708 |
| 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. | $407,438 |
| Compensation of current officers, directors, key employees. | $81,487 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $472,527 |
| Pension plan accruals and contributions | $14,763 |
| Other employee benefits | $0 |
| Payroll taxes | $64,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,320 |
| Fees for services: Accounting | $36,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,848 |
| Fees for services: Other | $7,045 |
| Advertising and promotion | $2,543 |
| Office expenses | $46,154 |
| Information technology | $69,608 |
| Royalties | $0 |
| Occupancy | $71,977 |
| Travel | $14,269 |
| 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 | $621,855 |
| Insurance | $34,603 |
| All other expenses | $16,308 |
| Total functional expenses | $2,422,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,149 |
| Savings and temporary cash investments | $3,715,465 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $112,666 |
| Prepaid expenses and deferred charges | $25,968 |
| Net Land, buildings, and equipment | $10,852,757 |
| Investments—publicly traded securities | $3,874,573 |
| Investments—other securities | $0 |
| Investments—program-related | $1,623,279 |
| Intangible assets | $121,566 |
| Other assets | $0 |
| Total assets | $20,330,550 |
| Accounts payable and accrued expenses | $268,866 |
| 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 | $268,866 |
| Net assets without donor restrictions | $18,175,852 |
| Net assets with donor restrictions | $1,885,832 |
| 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 | $20,330,550 |
Grants Awarded
Over the last fiscal year, Daystar Foundation And Library Inc has awarded $34,309 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Oklahoma City, OK PURPOSE: NEIGHBORHOOD MAINTENANCE & SAFETY | $24,309 |
Wentzville, MO PURPOSE: Further Christian Science Education for virtuous life | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Daystar Foundation And Library Inc has recieved totaling $3,078,468.
| Awarding Organization | Amount |
|---|---|
Dorothy D & Joseph A Moller Hillsdale, MI PURPOSE: GENERAL SUPPORT | $3,078,350 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $118 |
Endowment Analysis
| Beg. Balance | $2,461,340 |
| Earnings | $323,973 |
| Grants | $866,300 |
| Ending Balance | $1,919,013 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Washburn University Foundation Topeka, KS | $212,049,839 | $17,810,833 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
Fort Hays State University Foundation Hays, KS | $117,134,366 | $18,921,024 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Emporia State University Foundation Emporia, KS | $139,579,484 | $15,768,413 |