Springs Rescue Mission
- Assets
- $31.3m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 137
- Location
- Colorado Springs, CO
- Founding
- 10/1996
- Data as of
- 06/2023
- EIN
- 84-1340824
Organization Overview
Springs Rescue Mission is located in Colorado Springs, CO. The organization was established in 1996. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2023, Springs Rescue Mission employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springs Rescue Mission 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, Springs Rescue Mission generated $14.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $15.3m during the year ending 06/2023. While expenses have increased by 6.0% per year over the past 8 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.
Since 2015, Springs Rescue Mission has awarded 23 individual grants totaling $12,079,315. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PARTNER WITH THE LOCAL COMMUNITY TO MINISTER TO THE POOR, HOMELESS, HUNGRY, AND ADDICTED.
Describe the Organization's Program Activity:
DONATION CENTER THE DONATION CENTER IS HERE FOR FAMILIES AND INDIVIDUALS STRUGGLING WITH POVERTY AND IN NEED. OUR CLOTHING STORE AND DISTRIBUTION CENTER MAKE SPRINGS RESCUE MISSION (SRM) ONE OF EL PASO COUNTY'S KEY PROVIDERS OF LIFE'S ESSENTIAL ITEMS. THE DONATION CENTER IS STRATEGICALLY NETWORKED TO PROVIDE THE RIGHT HELP AS QUICKLY AS POSSIBLE THROUGH OUR EXTENSIVE PARTNERSHIPS WITH OTHER LOCAL AGENCIES. TO NOT DUPLICATE SERVICES, SRM FOCUSES ON AREAS THAT WILL CREATE IMPACT IN THE LIVES OF THE IMPOVERISHED IN OUR COMMUNITY IN THE AREA OF BASIC LIVING NEEDS. IN FISCAL YEAR 2023, OVER $3 MM WORTH OF ESSENTIAL ITEMS, INCLUDING CLOTHING, HYGIENE AND WINTERWEAR WERE DISTRIBUTED.
SHELTER PROGRAM: OVER 127,000 BED NIGHTS PROVIDED TO OVER 3,385 UNIQUE INDIVIDUALS IN OUR TIERED SHELTER SYSTEM. PEOPLE SEEKING SHELTER ARE ADMITTED TO THE ENTRY SHELTER FOR RELIEF AND RECUE SERVICES, INCLUDING FOOD, CLOTHING, AND COMMUNITY CONNECTION. OUR GOAL IS TO PROVIDE FOLKS WITH RESOURCES AND SUPPORT TO PURSUE RECOVERY, RESTORATION, AND COMMUNITY REINTEGRATION, THROUGH VOLUNTARY PROGRAMING.
SAMARITAN'S KITCHEN - MEALS & FOOD PROGRAM: OUR MEAL PROGRAM PROVIDES HOT MEALS SEVEN DAYS A WEEK IN A CAFETERIA-STYLE FACILITY. DURING FISCAL YEAR 2023, SAMARITAN'S KITCHEN PROVIDED MORE THAN 202,000 HOT MEALS IN OUR KITCHEN- SERVING OVER 4,200 UNIQUE INDIVIDUALS. SAMARITANS KITCHEN OPERATES AS A TRAINING KITCHEN TO HELP PROVIDE EMPLOYABILITY SKILLS AND CORE COMPETENCIES TO HELP FOLKS GAIN EMPLOYMENT IN THE MARKETPLACE. EMPLOYMENT TRAINING PROGRAMS ARE INTEGRAL TO OUR PURPOSE AT THE SPRINGS RESCUE MISSION. PROVIDING WORK FORCE TRAINING AND A BIT OF HOPE CAN BE AN AVENUE TO LASTING CHANGE FOR THOSE WHO ARE WORKING TO REACH THEIR GOALS. IN FY 2023, OUR INSTRUCTORS ISSUED 55 FOOD HANDLERS' CARDS. ADDITIONALLY, OVER 175 UNIQUE INDIVIDUALS PARTICIPATED IN CULINARY TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rhodesco Printing Service | 6/29/23 | $384,685 |
Goodwill Staffing Staffing Agency | 6/29/23 | $356,096 |
Us Foods Food Delivery | 6/29/23 | $337,586 |
Ge Johnson Special Projects Construction | 6/29/23 | $218,920 |
Rooted Software Llc Software Support | 6/29/23 | $145,639 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,188 |
| Membership dues | $0 |
| Fundraising events | $191,394 |
| Related organizations | $0 |
| Government grants | $2,224,591 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,268,159 |
| Noncash contributions included in lines 1a–1f | $3,848,020 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,691,332 |
| Total Program Service Revenue | $714,033 |
| Investment income | $120,847 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $64,561 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,681 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,659,498 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,264,945 |
| Grants and other assistance to domestic individuals. | $1,540,817 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $342,918 |
| Compensation of current officers, directors, key employees. | $96,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,835,060 |
| Pension plan accruals and contributions | $98,519 |
| Other employee benefits | $827,157 |
| Payroll taxes | $456,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,053 |
| Fees for services: Accounting | $38,887 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $30,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $664,804 |
| Advertising and promotion | $575,031 |
| Office expenses | $548,307 |
| Information technology | $222,625 |
| Royalties | $0 |
| Occupancy | $239,864 |
| Travel | $25,607 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,501 |
| Interest | $146,833 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $976,692 |
| Insurance | $157,762 |
| All other expenses | $105,485 |
| Total functional expenses | $15,294,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,518,248 |
| Savings and temporary cash investments | $3,682,569 |
| Pledges and grants receivable | $319,529 |
| Accounts receivable, net | $64,550 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,166,475 |
| Inventories for sale or use | $117,339 |
| Prepaid expenses and deferred charges | $218,885 |
| Net Land, buildings, and equipment | $22,119,216 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,594 |
| Total assets | $31,269,405 |
| Accounts payable and accrued expenses | $779,248 |
| Grants payable | $0 |
| Deferred revenue | $307,762 |
| 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 | $4,392,961 |
| Unsecured mortgages and notes payable | $2,000,000 |
| Other liabilities | $125,601 |
| Total liabilities | $7,605,572 |
| Net assets without donor restrictions | $22,715,787 |
| Net assets with donor restrictions | $948,046 |
| 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 | $31,269,405 |
Grants Awarded
Over the last fiscal year, Springs Rescue Mission has awarded $2,264,945 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DISCOVER GOODWILL PURPOSE: To help the needy and disabled individuals | $752,816 |
GOD'S PANTRY PURPOSE: To help the needy and disabled individuals | $1,512,129 |