Daystar U S
- Assets
- $3.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Bloomington, MN
- Founding
- 01/1987
- Data as of
- 06/2024
- EIN
- 95-3732280
Organization Overview
Daystar U S is located in Bloomington, MN. The organization was established in 1987. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2024, Daystar U S employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daystar U S 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 06/2024, Daystar U S generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $760.5k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE EDUCATION OF CHRISTIAN SERVANT LEADERS TO TRANSFORM AFRICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAYSTAR UNIVERSITY - SCHOLARSHIP SUPPORT: DAYSTAR U.S. RAISES FUNDS FOR SCHOLARSHIPS AND PROVIDES ADMINISTRATIVE SERVICES AND GUIDANCE TO ASSIST AND FACILITATE A PROCESS TO HELP QUALIFIED, BUT FINANCIALLY NEEDY STUDENTS TO ACHIEVE A COLLEGE EDUCATION AT DAYSTAR UNIVERSITY IN NAIROBI, KENYA.
DAYSTAR UNIVERSITY - LOAN PROGRAM: TO PROVIDE LOANS TO STUDENTS.
SUPPORT FOR PROGRAMS DESIGNED TO PROVIDE CHRISTIAN MINISTRIES TRAINING FOR THOSE ALREADY IN CAREER FIELDS AND FOR PROGRAMS TO PROVIDE ADDITIONAL FACULTY RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr William Boulware Chair | OfficerTrustee | 1 | $0 |
Mr Steve O'neil Vice Chair | OfficerTrustee | 1 | $0 |
Mr Ian Wanga Treasurer | OfficerTrustee | 1 | $0 |
Dr Shamilla Amulega Director | Trustee | 1 | $0 |
Dr David Brandt Director | Trustee | 1 | $0 |
Mr Jack Eugster Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $282,973 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $615,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $898,111 |
| Total Program Service Revenue | $311 |
| Investment income | $264,799 |
| 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 | $1,163,221 |
| 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 | $246,435 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,940 |
| Compensation of current officers, directors, key employees. | $28,182 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,150 |
| Pension plan accruals and contributions | $9,195 |
| Other employee benefits | $26,992 |
| Payroll taxes | $20,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,039 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,937 |
| Fees for services: Other | $3,423 |
| Advertising and promotion | $11,331 |
| Office expenses | $33,472 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,655 |
| Travel | $17,337 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,900 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,328 |
| Insurance | $3,518 |
| All other expenses | $0 |
| Total functional expenses | $760,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $573,055 |
| Savings and temporary cash investments | $230,723 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,665 |
| 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 | $13,872 |
| Net Land, buildings, and equipment | $5,237 |
| Investments—publicly traded securities | $1,220,590 |
| Investments—other securities | $0 |
| Investments—program-related | $769,151 |
| Intangible assets | $0 |
| Other assets | $29,443 |
| Total assets | $2,951,736 |
| Accounts payable and accrued expenses | $25,111 |
| 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 | $14,494 |
| Total liabilities | $39,605 |
| Net assets without donor restrictions | $564,308 |
| Net assets with donor restrictions | $2,347,823 |
| 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 | $2,951,736 |