Better Business Bureau Report for
LifeSpring

Better Business Bureau Report issued October 2013
Better Business Bureau Report expires October 2014


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: LifeSpring
Address: 460 Spring Street
  Jeffersonville, IN 47130
Phone: 812-280-2080
Web Address: www.lifespr.com
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Better Business Bureau Comments

Year, State Incorporated: 1964, Indiana
Affiliates: None
Stated Purpose: To improve and sustain the quality of life in our communities by providing comprehensive behavioral health, addiction and related services.

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Evaluation Conclusions

              

LifeSpring meets the 20 Standards for Charity Accountability.
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Programs

              

LifeSpring provides a comprehensive array of mental health services: education, prevention, information, assessment, intervention, housing, group living and other treatment modalities.

For the fiscal year ended June 30, 2012, LifeSpringLifeSpring 's program expenses were:

  
Mental health care program and support services 12,008,632
Total Program Expenses: $12,008,632
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Governance

              

Chief Executive : Dr. Terry L. Stawar, President/CEO
Compensation*: 

Chair of the Board: David Fowler
Chair's Profession / Business Affiliation: Certified Public Accountant

Board Size: 12

Paid Staff Size: 288

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Fund Raising

              

Method(s) Used:

The agency's primary source of revenue is from federal, state, and local grants. The agency reports that it generates minimal contribution revenue and has minimal fund raising expense at this time.
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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 LifeSpring's draft audited financial statements for the fiscal year ended June 30, 2012.

Ending net assets as reported below are unrestricted net assets.

Total assets as reported include $8,480,737 invested in property, plant, and equipment, net.




Source of Funds  
Patient service revenue, net, less provision for bad debt 6,812,196
Federal, state, and county grant revenue 4,896,172
Other grant and miscellaneous revenue 1,914,848
County appropriations 1,294,118
Gain on disposal of assets 15,982
Total Income $14,933,316


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Uses of Funds as a % of Total Expenses

Programs: 81%    Administrative: 19% 

Total income $14,933,316
Program expenses $12,008,632
Fund raising expenses
Administrative expenses 2,814,916
Total expenses $14,823,548
Income in Excess of Expenses 109,768
Beginning net assets 9,166,000
Ending net assets 9,275,768
Total liabilities 5,428,678
Total assets $14,704,446


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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