Overview
What is Spring Initiative Inc?
Spring Initiative Inc is a nonprofit organization situated in Clarksdale, Mississippi. Their primary mission is to empower youth by fostering emotional well-being, academic growth, and excellence, community engagement, global exposure, social connectedness, physical health, and creative expression. They achieve this through a comprehensive after-school program that includes academic instruction, enrichment, and support in a stable and trusting environment. The program caters to students in three different age groups year-round, offering individualized academic instruction, mentoring, therapy, internships, exercise, healthy nutrition, and enrichment activities. Spring believes in exposing its students to new experiences to empower them to dream big and overcome obstacles in a supportive environment, helping them develop goals and a vision for their lives. The organization employs a team of 21 individuals.
Official website here: www.spring-initiative.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating.
Spring Initiative Inc has received a solid rating of 85%, indicating a commendable performance in areas of accountability and finance as well as community engagement. The organization boasts 100% independent board members and an excellent audit score, demonstrating strong governance practices. However, the absence of a conflict of interest policy, whistleblower policy, and document retention policy highlights areas for improvement in transparency and compliance.
The financial health of Spring Initiative Inc is reflected in its low liabilities to assets ratio of 1.10% and a program expense ratio of over 70%, suggesting that the majority of its resources are directed towards its programs. While the organization has strengths in independent oversight and financial management, the lack of certain key policies could undermine stakeholder trust and confidence in its governance framework.
Overall, Spring Initiative Inc shows a strong commitment to its mission and effective financial stewardship, although addressing the noted policy gaps would enhance its accountability and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Spring Initiative Inc legitimate?
Spring Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spring Initiative 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $675,974
For more financial information, click here
Official website here: www.spring-initiative.org
What is the mission statement of Spring Initiative Inc?
Spring Initiative Inc's mission is centered around empowering youth by fostering their potential through a holistic approach encompassing emotional well-being, academic growth, and excellence, community engagement, global exposure, social connectedness, physical health, and creative expression. The organization functions as a daily after-school program, offering academic instruction, enrichment, and support in a stable and trusting environment with peers and adults. By creating opportunities for students to identify positive future selves, Spring helps build their academic skills and confidence, encouraging proactive engagement with others. The organization believes in exposing its students to new places, individuals, ideas, and approaches, empowering them to dream big. In a supportive environment, Spring students overcome obstacles as they develop goals and a vision for their lives.
Official website here: www.spring-initiative.org
Who is the CEO of Spring Initiative Inc?
Mary Thompson is the Board Chair of Spring Initiative Inc.
Official website here: www.spring-initiative.org
What is the revenue of Spring Initiative Inc?
Spring Initiative Inc's revenue in 2022 was $1,036,107.
Official website here: www.spring-initiative.org
Who are the executives of Spring Initiative Inc and what are their salaries?
The average compensation at Spring Initiative Inc during 2022 was $32,189. There are 21 employees at Spring Initiative Inc.
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Official website here: www.spring-initiative.org
Where can I find the form 990 for Spring Initiative Inc?
Spring Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spring-initiative.org
Learn more at the official website: www.spring-initiative.org
Mission Statement of Spring Initiative Inc
Spring Initiative Inc, a nonprofit organization, empowers youth by promoting a holistic approach to personal and educational development. Their mission is centered around fostering emotional well-being, academic growth, and excellence, community engagement, global exposure, social connectedness, physical health, and creative expression. Spring operates as a daily after-school program, providing academic instruction, enrichment, and support in a stable and trusting environment.
Spring believes in empowering its students by enabling them to discover and unleash their potential. They achieve this by building their academic skills and confidence, encouraging proactive engagement with others, and exposing them to new places, individuals, ideas, and approaches. This holistic approach helps the students to identify positive future selves and overcome obstacles in a supportive environment, as they develop goals and a vision for their lives.
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Impact
July, 2024
Spring Initiative Inc empowers youth in Clarksdale, MS, to realize their full potential through a comprehensive after-school program. By focusing on academic growth, emotional well-being, community engagement, and global exposure, Spring provides a supportive environment where students can build confidence, develop skills, and envision positive futures for themselves. Through personalized academic instruction, mentoring, therapy, internships, and enrichment activities, Spring equips students with the tools they need to overcome obstacles and set goals for their lives. By offering a holistic approach to education and personal development, Spring is inspiring young individuals to dream big and reach their highest potential.
This information is meant to be a general summary of Spring Initiative 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 2022.
- Gross Receipts: $1,036,107
Assets and Liabilities:
- Total Assets: $713,536
- Total Liabilities: $17,015
- Net Assets: $696,521
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Organization Details
Founding Year
2011
Principal Officer
Mary Thompson
Main Address
PO BOX 1759, CLARKSDALE, MS, 386141759
Website
www.spring-initiative.orgNTEE Category
Code: B90 - Education
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