Civic Intelligence

Spring Initiative Inc.

990 • Fiscal year 2023 • EIN 45-2243846

Aug 01, 2022 to Jul 31, 2023 • Filed on Mar 20, 2024

Organization ProfileWWW.SPRING-INITIATIVE.ORG
PO Box 1759Clarksdale, MS 38614-1759

(217) 979-6807

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

47th percentile

2.8%

Higher net margin than 47% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

50th percentile

4.5%

Faster asset growth than 50% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

80th percentile

42%

Faster revenue growth than 80% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Flat

$745,682

Flat from 2023

Net Assets

Flat

$737,432

Flat from 2023

Liabilities

Flat

$8,250

Flat from 2023

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin47th percentile

Revenue

Flat

$1,468,640

Flat from 2023

Expenses

Flat

$1,428,202

Flat from 2023

Net Income

Flat

$40,438

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2013: $17,272Liabilities 2013: $1,2222013Assets 2014: $61,121Liabilities 2014: $3,0822014Assets 2015: $24,575Liabilities 2015: $4,598Net Assets 2015: $19,9772015Assets 2016: $31,712Liabilities 2016: $4,168Net Assets 2016: $27,5442016Assets 2017: $125,339Liabilities 2017: $2,061Net Assets 2017: $123,2782017Assets 2018: $147,274Liabilities 2018: $1,244Net Assets 2018: $146,0302018Assets 2019: $190,497Liabilities 2019: $4,771Net Assets 2019: $185,7262019Assets 2020: $763,127Liabilities 2020: $5,867Net Assets 2020: $757,2602020Assets 2021: $854,736Liabilities 2021: $13,077Net Assets 2021: $841,6592021Assets 2022: $713,536Liabilities 2022: $17,015Net Assets 2022: $696,5212022Assets 2023: $745,682Liabilities 2023: $8,250Net Assets 2023: $737,4322023Assets 2023: $745,682Liabilities 2023: $8,250Net Assets 2023: $737,4322023Assets 2024: $713,415Liabilities 2024: $4,361Net Assets 2024: $709,0542024

Highlighted filing

2023

Assets$745,682
Liabilities$8,250
Net Assets$737,432
Open 2023 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2013: $84,628Expenses 2013: $68,085Net Income 2013: $16,5432013Revenue 2014: $174,289Expenses 2014: $132,300Net Income 2014: $41,9892014Revenue 2015: $233,131Expenses 2015: $269,667Net Income 2015: -$36,5362015Revenue 2016: $44,911Expenses 2016: $37,185Net Income 2016: $7,7262016Revenue 2017: $567,732Expenses 2017: $465,424Net Income 2017: $102,3082017Revenue 2018: $604,462Expenses 2018: $581,711Net Income 2018: $22,7512018Revenue 2019: $695,327Expenses 2019: $655,631Net Income 2019: $39,6962019Revenue 2020: $1,333,861Expenses 2020: $763,284Net Income 2020: $570,5772020Revenue 2021: $995,248Expenses 2021: $924,008Net Income 2021: $71,2402021Revenue 2022: $1,036,107Expenses 2022: $1,180,586Net Income 2022: -$144,4792022Revenue 2023: $1,468,640Expenses 2023: $1,428,202Net Income 2023: $40,4382023Revenue 2023: $1,468,640Expenses 2023: $1,428,202Net Income 2023: $40,4382023Revenue 2024: $1,429,863Expenses 2024: $1,458,241Net Income 2024: -$28,3782024

Highlighted filing

2023

Revenue$1,468,640
Expenses$1,428,202
Net Income$40,438
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Mar 20, 2024
Return Version
2022v5.0
Gross Receipts
$1,468,640
Mission and Program Overview

Mission

Spring empowers youth to discover and unleash their potential through a holistically personal and educational approach by promoting emotional well-being, academic growth and excellence, community engagement and global exposure, social connectedness, physical health and creative expression. Spring functions as a daily after-school program that provides academic instruction, enrichment and support in a framework of stable and trusting relationships with peers and adults. Spring creates opportunities for its students to identify positive, possible future selves by building the academic skills and confidence necessary and encouraging its students to engage with others and themselves in a kind and proactive way. Spring believes that by exposing its students to new places, individuals, ideas and approaches the kids will be empowered to dream big. Spring students overcome obstacles in a supportive environment as they develop goals and a vision for their lives.

Spring empowers youth to discover and unleash their potential through a holistic personal and education approach by promoting emotional well-being, academic growth and excellence, community engagement and global exposure, social connectedness, physical health and creative expression. Spring functions as a daily after-school program that provides academic instruction, enrichment and support in a framework of stable and trusting relationships with peers and adults. Spring creates opportunities for its students to identify positive, possible future selves by building the academic skills and confidence necessary and encouraging its students to engage with others and themselves in a kind and proactive way. Spring believes that by exposing its students to new places, individuals, ideas, and approaches, the kids will be empowered to dream big. Spring students overcome obstacles in a supportive environment as they develop goals and a vision for their lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$539,407$398,429▼ $140,978
Land, Buildings, and Equipment, Net$174,129$347,253▲ $173,124
Total Assets$713,536$745,682▲ $32,146
Liabilities
Other Liabilities$17,015$8,250▼ $8,765
Total Liabilities$17,015$8,250▼ $8,765
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$570,873$675,550▲ $104,677
Net Assets With Donor Restrictions$125,648$61,882▼ $63,766
Total Net Assets Fund Balance$696,521$737,432▲ $40,911
Total Liabilities and Net Assets / Fund Balance$713,536$745,682▲ $32,146

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$347,253$109,680$456,933
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Mary ThompsonBoard Chair
Amanda JohnsonBoard Member
Anthony PhillippBoard Member
Steve JossellBoard Member
Barbara LinderDirector
Donna MerkelDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,459,860
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$8,780
All Other Contributions
$175,000
Change in Net Assets
$40,438

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Real Estate Commercial1$175,000
Total Noncash Contributions1$175,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,468,640
Total Revenue per Audited Statements
$1,468,640
Total Revenue per Form 990
$1,468,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$892,502
Other Expenses$535,700
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$583,779$308,723-$892,502
All Other Expenses$101,375$29,312-$130,687
Travel$90,012--$90,012
Other Expenses$40,433$89,071-$40,433
Depreciation Depletion-$40,181-$40,181
Information Technology$1,474$11,718-$13,192
Fees for Services Accounting-$11,285-$11,285
Advertising-$7,903-$7,903
Office Expenses-$5,174-$5,174
Total Functional Expenses$924,835$503,367$0$1,428,202

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,428,204
Expenses per Audited Statements$1,428,202
Total Expenses per Form 990$1,428,202
Expenses Not Reported on Form 990$2
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$8,250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Spring Initiative Inc
EIN
45-2243846
Address
PO BOX 1759, CLARKSDALE, MS 38614-1759

Signing Officer

Name
Bianca C Zararescu
Title
Coexecutive Director
Signed
2024-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Thompson
Formed
2011
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
7
Employees
29

Preparer

Firm
Bridgers Goodman Baird & Clarke Pllc
Address
3528 MANOR DR, VICKSBURG, MS 39180
Preparer
David I Bridgers Jr
Phone
6016361416
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Spring empowers youth to discover and unleash their potential through a holistic personal and education approach by promoting emotional well-being, academic growth and excellence, community engagement and global exposure, social connectedness, physical health and creative expression. Spring functions as a daily after-school program that provides academic instruction, enrichment and support in a framework of stable and trusting relationships with peers and adults. Spring creates opportunities for its students to identify positive, possible future selves by building the academic skills and confidence necessary and encouraging its students to engage with others and themselves in a kind and proactive way. Spring believes that by exposing its students to new places, individuals, ideas, and approaches, the kids will be empowered to dream big. Spring students overcome obstacles in a supportive environment as they develop goals and a vision for their lives.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -2”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Book / tax depreciation difference 2”

Raw XML Appendix338 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SPRING EMPOWERS YOUTH TO DISCOVER AND UNLEASH THEIR POTENTIAL THROUGH A HOLISTIC PERSONAL AND EDUCATION APPROACH BY PROMOTING EMOTIONAL WELL-BEING, ACADEMIC GROWTH AND EXCELLENCE, COMMUNITY ENGAGEMENT AND GLOBAL EXPOSURE, SOCIAL CONNECTEDNESS, PHYSICAL HEALTH AND CREATIVE EXPRESSION. SPRING FUNCTIONS AS A DAILY AFTER-SCHOOL PROGRAM THAT PROVIDES ACADEMIC INSTRUCTION, ENRICHMENT AND SUPPORT IN A FRAMEWORK OF STABLE AND TRUSTING RELATIONSHIPS WITH PEERS AND ADULTS. SPRING CREATES OPPORTUNITIES FOR ITS STUDENTS TO IDENTIFY POSITIVE, POSSIBLE FUTURE SELVES BY BUILDING THE ACADEMIC SKILLS AND CONFIDENCE NECESSARY AND ENCOURAGING ITS STUDENTS TO ENGAGE WITH OTHERS AND THEMSELVES IN A KIND AND PROACTIVE WAY. SPRING BELIEVES THAT BY EXPOSING ITS STUDENTS TO NEW PLACES, INDIVIDUALS, IDEAS, AND APPROACHES, THE KIDS WILL BE EMPOWERED TO DREAM BIG. SPRING STUDENTS OVERCOME OBSTACLES IN A SUPPORTIVE ENVIRONMENT AS THEY DEVELOP GOALS AND A VISION FOR THEIR LIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE -2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/WebsiteAddressTxt0WWW.SPRING-INITIATIVE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BIANCA C ZARARESCU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0COEXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPRING INITIATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0SPRI
ReturnHeader/Filer/EIN0452243846
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1759
ReturnHeader/Filer/USAddress/CityNm0CLARKSDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd0386141759
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461624424
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRIDGERS GOODMAN BAIRD & CLARKE PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03528 MANOR DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0VICKSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039180
ReturnHeader/PreparerPersonGrp/PhoneNum06016361416
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID I BRIDGERS JR
ReturnHeader/ReturnTs02024-05-02T12:03:47-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BIANCA C
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ZAHARESCU
ReturnHeader/TaxPeriodBeginDt02022-08-01
ReturnHeader/TaxPeriodEndDt02023-07-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$745,682
Liabilities
$8,250
Net assets
$737,432
Revenue
$1,468,640
Expenses
$1,428,202
Net income
$40,438
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.00$0.71$1.43$1.46$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.75$0.01$0.74$1.47$1.43$0.04
2023Summary only. Only limited summary data is available for this year.$0.75$0.01$0.74$1.47$1.43$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.02$0.70$1.04$1.18$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.01$0.84$1.00$0.92$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.01$0.76$1.33$0.76$0.57
2019Summary only. Only limited summary data is available for this year.$0.19$0.00$0.19$0.70$0.66$0.04
2018Summary only. Only limited summary data is available for this year.$0.15$0.00$0.15$0.60$0.58$0.02
2017Summary only. Only limited summary data is available for this year.$0.13$0.00$0.12$0.57$0.47$0.10
2016Summary only. Only limited summary data is available for this year.$0.03$0.00$0.03$0.04$0.04$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.23$0.27$0.04
2014Summary only. Only limited summary data is available for this year.$0.06$0.00$0.17$0.13$0.04
2013Summary only. Only limited summary data is available for this year.$0.02$0.00$0.08$0.07$0.02