Overview
What is Dayspring Bible College & Seminary Inc?
Dayspring Bible College & Seminary Inc is a nonprofit organization, specifically dedicated to offering bible-centric education. Although the information provided is limited, it hints at their primary mission of imparting religious knowledge. The organization's activities are focused on delivering biblical teachings, which could potentially involve degree programs, workshops, or courses. However, further details about their operations, reach, or the scope of their educational offerings are not available in the given information.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 67%)
Dayspring Bible College & Seminary Inc has received a "Needs Improvement" rating from Charity Navigator, reflecting an overall score of 67%. This rating indicates that while there are areas of strength, significant improvements are needed in accountability and transparency practices. The organization boasts a high percentage of independent board members and has shown no material diversion of assets, which are indicators of good governance.
However, the organization faces notable shortcomings in key areas. It has not implemented several essential policies such as a conflict of interest policy, a whistleblower policy, and document retention procedures. Additionally, the absence of a listed website on its tax form and the failure to post financial statements on its website detract from its overall transparency, contributing to a lower score in this category.
On a positive note, the organization effectively allocates a substantial portion of its expenses to programs, with a program expense ratio of 89.03%. This suggests that a majority of its funding is directed towards fulfilling its mission, which is a critical aspect of nonprofit effectiveness. Overall, while Dayspring Bible College & Seminary Inc shows promising financial management, enhancing its accountability practices will be crucial for improving its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Dayspring Bible College & Seminary Inc legitimate?
Dayspring Bible College & Seminary Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dayspring Bible College & Seminary 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $573,314
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What is the mission statement of Dayspring Bible College & Seminary Inc?
Dayspring Bible College & Seminary Inc is committed to delivering bible-centered education. Their mission is to equip individuals with a solid biblical foundation, empowering them to lead and serve in various capacities. Through their curriculum, they aim to foster spiritual growth, deepen understanding of scriptures, and instill biblical principles. Additionally, the college provides a supportive learning environment, fostering community and personal development. Their goal is to prepare students to make a significant impact in their respective fields and communities, guided by biblical teachings.
Who is the CEO of Dayspring Bible College & Seminary Inc?
Jim Scudder Jr is the President of Dayspring Bible College & Seminary Inc.
What is the revenue of Dayspring Bible College & Seminary Inc?
Dayspring Bible College & Seminary Inc's revenue in 2023 was $1,156,305.
Who are the executives of Dayspring Bible College & Seminary Inc and what are their salaries?
The average compensation at Dayspring Bible College & Seminary Inc during 2023 was $23,888. There are 24 employees and 9 volunteers at Dayspring Bible College & Seminary Inc.
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Where can I find the form 990 for Dayspring Bible College & Seminary Inc?
Dayspring Bible College & Seminary Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Dayspring Bible College & Seminary Inc
Dayspring Bible College & Seminary Inc is dedicated to providing bible-based education as part of its mission. Through this, the organization aims to impart knowledge and understanding of scriptures to its students, fostering spiritual growth and personal development. By offering bible-centered education, Dayspring Bible College & Seminary Inc strives to nurture individuals who can apply their faith in their daily lives and contribute to their communities with a biblical perspective.
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Impact
October, 2024
Dayspring Bible College & Seminary Inc significantly impacts the community by providing Bible-based education that equips individuals for spiritual and leadership roles. Located in Lake Zurich, IL, the institution focuses on cultivating a deeper understanding of biblical teachings and principles. This education fosters personal growth, enriches faith, and prepares students for various forms of ministry and service within their communities. Through its programs, Dayspring contributes to developing informed and engaged leaders who can positively influence their congregations and society.
This information is meant to be a general summary of Dayspring Bible College & Seminary 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $612,341
- Gross Receipts: $1,156,305
Assets and Liabilities:
- Total Assets: $145,568
- Total Liabilities: $41,184
- Net Assets: $104,384
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and Fees
Revenue
$612,341
Organization Details
Principal Officer
Jim Scudder Jr
Main Address
24126 N Quentin Rd, Lake Zurich, IL, 60047
NTEE Category
Code: B42 - Education
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