Dayspring Bible College And Seminary Inc

Lake Zurich, IL
Tax-exempt since April 2001
EIN: 31-1732723

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Undergraduate College (4-year) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school

Organization is a school. Details are reported on Schedule E.

Revenue

$1.16M (2023)

Expenses

$1.27M (2023)

Total Assets

$146k (2023)

Total Liabilities

$41.2k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Revenue

$1,156,305

Expenses

$1,273,880

Net Income

-$117,575

Net Assets

$104,384

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$521,672	45.1%
Program Services	$612,341	53.0%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$22,292	1.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$573,314	45.0%

Assets/Debt
Total Assets	$145,568
Total Liabilities	$41,184
Net Assets	$104,384

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Scudder Jr (President)	$0	$0	$0
Gary Birginal (Trustee)	$0	$0	$0
Pastor Tom Cucuzza (Trustee)	$0	$0	$0
Dr James Stringer (Trustee)	$0	$0	$0
Sal Reyes (Treasurer)	$0	$0	$0
Dr Robert Tanney (Trustee)	$0	$0	$0
Daniel Reehoff (Trustee)	$0	$0	$0
Rodney W Holler (Trustee)	$0	$0	$0
David Adams (Trustee)	$0	$0	$0
Paul T Julian (Se Ex Offic)	$0	$0	$0
John Mark Julian (Trustee)	$0	$0	$0

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990

Filed on Dec. 29, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2022

Revenue

$1,284,398

Expenses

$1,109,208

Net Income

$175,190

Net Assets

$221,959

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$760,380	59.2%
Program Services	$477,973	37.2%
Investment Income	$183	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$45,862	3.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$492,632	44.4%

Assets/Debt
Total Assets	$257,188
Total Liabilities	$35,229
Net Assets	$221,959

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Scudder Jr (President)	$0	$0	$0
Gary Birginal (Trustee)	$0	$0	$0
Pastor Tom Cucuzza (Trustee)	$0	$0	$0
Dr James Stringer (Trustee)	$0	$0	$0
Sal Reyes (Treasurer)	$0	$0	$0
Dr Robert Tanney (Trustee)	$0	$0	$0
Greg Mutsch (Trustee)	$0	$0	$0
Rodney W Holler (Trustee)	$0	$0	$0
David Adams (Trustee)	$0	$0	$0
Paul T Julian (Secretary)	$0	$0	$0
John Mark Julian (Trustee)	$0	$0	$0

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990

Filed on Jan. 23, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2021

Revenue

$1,146,963

Expenses

$1,127,837

Net Income

$19,126

Net Assets

$46,769

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$681,504	59.4%
Program Services	$433,388	37.8%
Investment Income	$65	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$32,006	2.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$479,897	42.6%

Assets/Debt
Total Assets	$215,007
Total Liabilities	$168,238
Net Assets	$46,769

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Scudder Jr (President)	$0	$0	$0
Gary Birginal (Trustee)	$0	$0	$0
Pastor Tom Cucuzza (Trustee)	$0	$0	$0
Dr James Stringer (Trustee)	$0	$0	$0
Sal Reyes (Treasurer)	$0	$0	$0
Dr Robert Tanney (Trustee)	$0	$0	$0
Greg Mutsch (Trustee)	$0	$0	$0
Rodney W Holler (Trustee)	$0	$0	$0
David Adams (Trustee)	$0	$0	$0
Paul T Julian (Secretary)	$0	$0	$0
John Mark Julian (Trustee)	$0	$0	$0

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990

Filed on Sept. 13, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$1,326,146

Expenses

$1,368,050

Net Income

-$41,904

Net Assets

$27,643

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$752,885	56.8%
Program Services	$540,929	40.8%
Investment Income	$126	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$32,206	2.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$717,990	52.5%

Assets/Debt
Total Assets	$197,640
Total Liabilities	$169,997
Net Assets	$27,643

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending June
2019

Revenue

$1,326,683

Expenses

$1,365,016

Net Income

-$38,333

Net Assets

$69,547

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$728,813	54.9%
Program Services	$563,141	42.4%
Investment Income	$142	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$34,587	2.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$646,550	47.4%

Assets/Debt
Total Assets	$138,957
Total Liabilities	$69,410
Net Assets	$69,547

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2018

Revenue

$1,246,674

Expenses

$1,207,210

Net Income

$39,464

Net Assets

$107,880

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$736,543	59.1%
Program Services	$473,771	38.0%
Investment Income	$107	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$36,253	2.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$22,639	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$563,206	46.7%

Assets/Debt
Total Assets	$148,797
Total Liabilities	$40,917
Net Assets	$107,880

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2017

Revenue

$1,235,782

Expenses

$1,441,711

Net Income

-$205,929

Net Assets

$68,416

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$561,865	45.5%
Program Services	$646,960	52.4%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$26,957	2.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$41,710	2.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$575,205	39.9%

Assets/Debt
Total Assets	$82,056
Total Liabilities	$13,640
Net Assets	$68,416

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Revenue

$1,150,959

Expenses

$1,199,381

Net Income

-$48,422

Net Assets

$274,345

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$571,489	49.7%
Program Services	$548,363	47.6%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$31,107	2.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$465,795	38.8%

Assets/Debt
Total Assets	$286,883
Total Liabilities	$12,538
Net Assets	$274,345

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Revenue

$822,525

Expenses

$838,176

Net Income

-$15,651

Net Assets

$322,767

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$294,927	35.9%
Program Services	$499,122	60.7%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$28,476	3.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$209,241	25.0%

Assets/Debt
Total Assets	$340,628
Total Liabilities	$17,861
Net Assets	$322,767

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Revenue

$1,004,110

Expenses

$1,002,020

Net Income

$2,090

Net Assets

$338,418

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$303,024	30.2%
Program Services	$670,538	66.8%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$30,548	3.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$243,506	24.3%

Assets/Debt
Total Assets	$351,136
Total Liabilities	$12,718
Net Assets	$338,418

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Revenue

$1,350,958

Expenses

$1,337,362

Net Income

$13,596

Net Assets

$336,328

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$732,263	54.2%
Program Services	$597,069	44.2%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$21,626	1.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$305,887	22.9%

Assets/Debt
Total Assets	$361,873
Total Liabilities	$25,545
Net Assets	$336,328

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$1,206,573

Expenses

$993,471

Net Income

$213,102

Net Assets

$322,732

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$720,673	59.7%
Program Services	$470,815	39.0%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$15,085	1.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$260,184	26.2%

Assets/Debt
Total Assets	$420,634
Total Liabilities	$97,902
Net Assets	$322,732

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$848,921

Expenses

$861,158

Net Income

-$12,237

Net Assets

$109,630

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$372,712	43.9%
Program Services	$470,138	55.4%
Investment Income	$752	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$5,319	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$208,749	24.2%

Assets/Debt
Total Assets	$428,427
Total Liabilities	$318,797
Net Assets	$109,630

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated November 21, 2024

Dayspring Bible College And Seminary Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $1.16M (2023)

Expenses $1.27M (2023)

Total Assets $146k (2023)

Total Liabilities $41.2k (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$1.16M (2023)

Expenses

$1.27M (2023)

Total Assets

$146k (2023)

Total Liabilities

$41.2k (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002