Dayspring International Inc
Nonprofit profile at a glance
- EIN
- 510237239
- IRS 990 coverage
- 2010–2015
- Forms available
- Form 990 2015
- Location
- Virginia Beach, VA, USA
- Phone
- 7574281092
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $7,285,527
- Expenses
- $7,364,681
- Assets
- $1,558,138
- Liabilities
- $989,296
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- JOHN E GILMAN (PRESIDENT)
- DAVID MERCER (EXECUTIVE VICE PRESIDENT)
Highest reported compensation
- DAVID MERCER (EXECUTIVE VICE PRESIDENT): $158,636 total reported compensation
- JOHN E GILMAN (PRESIDENT): $136,113 total reported compensation
- SCOTT MITCHELL (SECRETARY/DIRECTOR OF MINI): $121,125 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To share the life-changing message of god's love throughout the world.
What it reported doing in 2015
Sharing the message of god's love through humanitarian aid.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 76
- Accountability: 74
- Sustainability: 23
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.4%; rating input score 70
- Program expense ratio: 69.6%; rating input score 70
- Fundraising efficiency: $4.14 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: 3 of 8 controls in place; rating input score 38
- Claims monitoring procedures: Pass
- Requires narrative reports: Pass
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Pass
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 71st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 55.6%; rating input score 56; 8th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.1%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 0.21; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 0.63; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 5.6%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: -37.3% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: -0.4% per year; rating input score 0; 23rd percentile among comparable filings
- Asset growth: 7.1% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 70.4% of revenue deployed · 69.6% of spending went to programs
- Governance: 5 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $5.1M in reported program spending
- Leadership: top reported pay $159K · 12 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $170K reported
- Consistency: 38 of 38 current checks pass
- Schedules: 9 filed schedules · includes major donors, foreign activity, and executive pay
- Filing history: 6 filing years from 2010 to 2015
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Independent voting board scored 56/100.
- High — Financial Efficiency: Fundraising efficiency scored 17/100.
- Moderate — Transparency & Controls: Foreign activity oversight: 5 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 29/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.