Dayspring Foundation
- Assets
- $16.4m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Greeley, CO
- Founding
- 12/1991
- Data as of
- 06/2023
- EIN
- 84-1165836
Organization Overview
Dayspring Foundation is located in Greeley, CO. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dayspring Foundation 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, Dayspring Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 46.7% each year . All expenses for the organization totaled $989.6k during the year ending 06/2023. While expenses have increased by 11.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS EXEMPT ORGANIZATION PROVIDES A SCHOOL BUILDING TO HOUSE THE DAYSPRING CHRISTIAN ACADEMY - A TAX EXEMPT ORGANIZATION. THIS FOUNDATION BUILT A NEW SCHOOL FACILITY THAT WAS FIRST OCCUPIED FOR THE 2000-2001 SCHOOL YEAR. FUNDS ARE BEING RAISED TO SUPPORT THE ACADEMIC ACTIVITIES AT THE SCHOOL, MAINTAIN AND IMPROVE THE PROPERTY AND PROVIDE FOR FUTURE EXPANSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Weston Kurz Executive Dir. | Trustee | 4 | $0 |
Sarah Willcutts Vice President | Trustee | 1 | $0 |
Debi Armstrong Director | Trustee | 1 | $0 |
Daniel Preshaw Secretary | Trustee | 1 | $0 |
Jack Mount Director | Trustee | 1 | $0 |
Chuck Cooper Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,189,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,189,008 |
| Total Program Service Revenue | $0 |
| Investment income | $98,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $204,826 |
| Net Gain/Loss on Asset Sales | -$15,109 |
| Net Income from Fundraising Events | $191,161 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,668,327 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,355 |
| Advertising and promotion | $4,376 |
| Office expenses | $12,411 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $200,853 |
| Payments to affiliates | $457,160 |
| Depreciation, depletion, and amortization | $234,599 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $989,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,258,925 |
| Savings and temporary cash investments | $954 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $978,514 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,825,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,300,496 |
| Intangible assets | $65,775 |
| Other assets | $11,969 |
| Total assets | $16,441,958 |
| Accounts payable and accrued expenses | $1,471 |
| 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 | $4,695,058 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,696,529 |
| Net assets without donor restrictions | $8,228,397 |
| Net assets with donor restrictions | $3,517,032 |
| 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 | $16,441,958 |