Overview
What is Community Spring Inc?
Community Spring Inc, located in Gainesville, Florida, is a nonprofit organization dedicated to addressing structural poverty and fostering economic mobility at a grassroots level. Their flagship project, Just Income GNV, provides temporary, unconditional monthly payments to individuals who have been impacted by the justice system. This innovative project, led and administered by formerly incarcerated people, aims to help mitigate barriers to successful reentry and unlock the potential of returning citizens. Just Income GNV is currently being evaluated by the Center for Guaranteed Income Research at the University of Pennsylvania and Dr. Lucius Couloute from Suffolk University. The organization, which employs 12 individuals, operates within Alachua County, Florida.
Official website here: www.csgnv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Community Spring Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization achieved a perfect score in several key areas, including having an entirely independent board of directors and no material diversion of assets. This high level of oversight and transparency is indicative of a well-managed organization.
The charity's financial health is also noteworthy, with a program expense ratio of 92.87%, signifying that a significant majority of its expenditures are directed towards its mission. Additionally, the low liabilities to assets ratio of 1.68% suggests sound financial management and stability. The presence of essential policies, such as conflict of interest and whistleblower protections, further enhances its credibility.
While the rating does not highlight any specific limitations, the overall score being based entirely on a single beacon score may suggest a less comprehensive evaluation of other potential operational aspects. However, the strong emphasis on accountability and finance paints a positive picture of Community Spring Inc's commitment to ethical practices and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Community Spring Inc legitimate?
Community Spring Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Spring 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: $51,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $149,000
For more financial information, click here
Official website here: www.csgnv.org
What is the mission statement of Community Spring Inc?
Community Spring Inc's mission is centered around addressing structural poverty and fostering economic mobility at a grassroots level. They aim to dismantle the systemic barriers that prevent individuals from escaping poverty and gaining financial stability. One of their initiatives is the Just Income GNV project, which provides temporary, unconditional monthly payments to individuals impacted by the justice system. This project, designed and administered by formerly incarcerated people, is being evaluated to determine if guaranteed income can aid in overcoming reentry challenges and unlocking the potential of returning citizens. The project is currently in its final stages, with the last disbursement scheduled for March 2023.
Official website here: www.csgnv.org
Who is the CEO of Community Spring Inc?
Lindsay Kallman is the Executive Director of Community Spring Inc.
Official website here: www.csgnv.org
What is the revenue of Community Spring Inc?
Community Spring Inc's revenue in 2022 was $1,401,362.
Official website here: www.csgnv.org
Who are the executives of Community Spring Inc and what are their salaries?
The average compensation at Community Spring Inc during 2022 was $16,667. There are 12 employees and 8 volunteers at Community Spring Inc.
Here are 6 key members and their salaries:
- Compensation: $50,500
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.csgnv.org
Where can I find the form 990 for Community Spring Inc?
Community Spring Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.csgnv.org
Learn more at the official website: www.csgnv.org
Mission Statement of Community Spring Inc
Community Spring Inc, as stated in its mission, aims to dismantle structural poverty and foster economic mobility at a grassroots level. Their primary objective is to address and eradicate the systemic barriers that perpetuate poverty, with a focus on empowering individuals and communities from the ground up. This nonprofit organization is dedicated to creating a more equitable society by providing resources and opportunities that enable people to improve their economic circumstances and build sustainable lives.
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Impact
July, 2024
Community Spring Inc's impact is significant in the fight against poverty and for economic mobility at a grassroots level. Just Income GNV, a guaranteed income project in Alachua County, Florida, is a pioneering initiative of the organization. This project provides direct monthly payments to individuals impacted by the justice system, with no strings attached. Through a randomized control trial, 115 justice-impacted individuals were selected to receive financial support, aiming to address barriers to successful reentry and unlock their potential. The project is being independently evaluated to assess its effectiveness in creating positive outcomes for the participants. The innovative approach of Just Income GNV showcases Community Spring Inc's dedication to challenging structural poverty and empowering individuals for a better future.
This information is meant to be a general summary of Community Spring 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: $1,401,362
Assets and Liabilities:
- Total Assets: $834,005
- Total Liabilities: $0
- Net Assets: $834,005
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Organization Details
Founding Year
2019
Principal Officer
Lindsay Kallman
Main Address
PO Box 5811, Gainesville, FL, 32627
Website
www.csgnv.orgNTEE Category
Code: P50 - Human services
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