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Spring Forth Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 262052047 ✦ Colorado springs, CO ✦ Designated as a 501(c)(3)

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Overview

What is Spring Forth Inc?

Spring Forth Inc, based in Colorado Springs, is a compassionate nonprofit organization that specializes in offering childcare services to families with limited financial resources. Through their child day care programs, they aim to support these families by providing a nurturing environment for their children. Spring Forth Inc's mission is deeply rooted in empowering low-income families, offering them essential childcare services that are vital for their daily lives and overall well-being.


Official website here: www.none

What are the reviews and ratings of this charity?

Charity Navigator Rating: 67% (Two-Star out of Four Star rating)

Spring Forth Inc has received a 67% rating from Charity Navigator, indicating a Two-Star rating. This score reflects the organization's performance in areas of accountability and finance. While the charity boasts a strong majority of independent board members and high program expense ratios, there are significant gaps in governance policies, notably the absence of a conflict of interest policy, whistleblower policy, and documentation of board meeting minutes.

The organization appears to allocate a substantial amount of its budget towards program expenses, with an impressive ratio of 80.81%. This suggests a focus on delivering its mission effectively. Additionally, the financial statements are properly reviewed, and there are no material diversions of assets, indicating sound financial practices.

However, the lack of essential governance policies raises concerns about transparency and oversight. The absence of publicly available documents like tax forms on its website further diminishes its accountability. These shortcomings may impact donor confidence and highlight the need for improvement in organizational policies and practices.


This AI summary has been generated from information found on Charity Navigator.

Is Spring Forth Inc legitimate?

Spring Forth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spring Forth Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $65,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $373,387

For more financial information, click here


Official website here: www.none

What is the mission statement of Spring Forth Inc?

Spring Forth Inc's mission is centered around providing childcare services for families with limited income. Through its child day care programs, the organization aims to make quality childcare accessible to these families, thereby contributing positively to their lives. Located in Colorado Springs, Spring Forth Inc is committed to serving this specific demographic, ensuring they can focus on other aspects of their lives while their children are well taken care of. The organization's childcare services likely include educational activities, meals, and a safe environment for children to grow and learn, providing a much-needed support system for these families.


Official website here: www.none

Who is the CEO of Spring Forth Inc?

Terence Smith is the President & Founder of Spring Forth Inc.


Official website here: www.none

What is the revenue of Spring Forth Inc?

Spring Forth Inc's revenue in 2022 was $899,718.


Official website here: www.none

Who are the executives of Spring Forth Inc and what are their salaries?

The average compensation at Spring Forth Inc during 2022 was $18,292. There are 24 employees and 6 volunteers at Spring Forth Inc.


Here are 5 key members and their salaries:


Terence Smith (President & Founder)
  • Compensation: $65,615
  • Related: $0
  • Other: $0
Maureen Smith (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
June Latour (Chief Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark James (Finance Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donny Webb (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.none

Where can I find the form 990 for Spring Forth Inc?

Spring Forth Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.none

Learn more at the official website: www.none

Mission Statement of Spring Forth Inc

Spring Forth Inc, a nonprofit organization, is committed to providing childcare services for families with limited financial resources. Their mission is embodied in the operation of child day care programs, which cater specifically to low-income families residing in Colorado Springs. By offering these essential services, Spring Forth Inc plays a vital role in supporting these families, enabling them to focus on other aspects of life while knowing their children are in capable hands.

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Impact




October, 2024

Spring Forth Inc plays a critical role in supporting low-income families in Colorado Springs, CO, by providing essential childcare services. Through its child day care programs, the organization alleviates the burden of childcare costs, enabling parents to pursue employment and education opportunities without the stress of finding affordable and reliable care for their children.

This support is vital for fostering a stable family environment and promoting child development during formative years. By focusing on human services, Spring Forth Inc helps to create a stronger community, allowing families to thrive and contributing to the overall well-being of the region. The impact of its childcare services extends beyond the immediate benefits, as it lays the groundwork for a healthier, more resilient future for both the families served and the larger community.




This information is meant to be a general summary of Spring Forth Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$899,718 (2022)
Expenses
$895,337 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $49
  • Program Service Revenue: $111,984
  • Gross Receipts: $899,718

Assets and Liabilities:

  • Total Assets: $287,100
  • Total Liabilities: $241,703
  • Net Assets: $45,397

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Co-Pays & Tuition

Revenue

$111,984

Organization Details

Founding Year

2008

Principal Officer

Terence Smith

Main Address

PO Box 15716, Colorado Springs, CO, 80935

Website

www.none

NTEE Category

Code: P33 - Human services

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