Better Business Bureau Report for
Day Spring Foundation, Inc.

Better Business Bureau Report issued February 2017
Better Business Bureau Report expires February 2018


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Day Spring Foundation, Inc.
Address: 3430 Day Spring Court
  Louisville, KY 40213
Phone: 502-636-5990
Web Address: www.dayspringky.org
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Better Business Bureau Comments

Year, State Incorporated: 1989, Kentucky
Affiliates:None
Stated Purpose: Day Spring Community Living enhances, empowers, and fulfills the lives of people with intellectual and developmental disabilities by encouraging self-determination; providing high quality, person-centered supports and services; and valuing the gifts of each person.----Day Spring Foundation, Inc. is the umbrella corporation that is responsible for fundraising. Day Spring community Living is the operational entity that oversees services.----Day Spring Foundation, Inc., was formed for the purpose of soliciting charitable contributions for support of its controlled related entities which include Day Spring, Inc., Day Spring Baxter Avenue, Inc., New Day, Inc., Day Spring Woods, Inc., and Day Spring Homes, Inc.---- Effective October 1, 2016 Day Spring, Inc. merged with another non-profit organization, Community Living, Inc. Both board of directors approved a resolution of merger. Community Living provides residential supports and services, primarily staffed services and family home providers. The surving entity, Day Spring, Inc., will continue operations of both entities which will allow for the continued provision of care for adults with intellectual disabilities and their families.

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Evaluation Conclusions

              

Day Spring Foundation, Inc. meets the 20 Standards for Charity Accountability.
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Programs

              

Day Spring Community Living provides residential housing and 24/7 direct support services to 130 adults with intellectual and developmental disabilities with locations across the Metro Louisville area. Day Spring also provides outreach services (educational and social opportunities) to adults with intellectual disabilities and their families in the larger community. Day Spring Community Living staff includes Program Managers, Community Access workers and Direct Support Professionals who work closely with each individual resident to help them live as fully as possible. Support includes, but is not limited to: meal preparation, healthy meal choices; transportation to purchase groceries, to and from work, medical appointments, day programs, and volunteer activities; exercise and recreation; cleaning of laundry and living space; and personal care and assistance with activities of daily living. Over 80% of the residents participate and give back in the greater community at least 20 hours a week via employment, participating in a day program, or volunteering.

For the fiscal year ended June 30, 2016, Day Spring Foundation, Inc.'s program expenses were:

  
Program services 2,355,352
Total Program Expenses: $2,355,352
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Governance

              

Chief Executive : Sarah Trester, CEO
Compensation*: 

Chair of the Board: Stephen McCauley
Chair's Profession / Business Affiliation: UPS IT Manager

Board Size: 26

Paid Staff Size: 165

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, print advertisements, grant proposals, internet, planned giving arrangements, cause-related marketing, Raffle
Fund raising costs were 43% of related contributions. (Related contributions, which totaled $677,068, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Day Spring Foundation, Inc.'s audited financial statements - combined for the fiscal year ended June 30, 2016.

Source of Funds  
Medicaid revenue 2,014,939
Contributions 424,076
Rents 291,228
Special events, net 252,992
Resident fees 134,676
Interest and divident income 34,168
Loss on sale of investments -2,071
Unrealized loss on investments -12,317
Total Income $3,137,691


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Uses of Funds as a % of Total Expenses

Programs: 72%  Fund Raising: 9%  Administrative: 19% 

Total income $3,137,691
Program expenses $2,355,352
Fund raising expenses 292,067
Administrative expenses 606,814
Total expenses $3,254,233
Expenses in Excess of Income (116,542)
Beginning net assets 5,191,413
Ending net assets 5,074,871
Total liabilities 655,216
Total assets $5,730,087


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