Totals
- Total revenue
- $4,575,082
- Total expenses
- $3,657,722
- Contributions and grants received
- $1,971,012
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $2,233,635
- Other revenue
- $370,435
- Total assets, end of year
- $40,794,013
- Total liabilities, end of year
- $178,543
- Net assets or fund balances, end of year
- $40,615,470
- Program services expenses (Part IX)
- $2,460,618
- Management and general expenses
- $864,611
- Fundraising expenses
- $332,493
- Program service expenses (Part III)
- $2,460,618
Program services were 67.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$446,618
-
1f · All other contributions, gifts and grants
$1,524,394
-
1g · Noncash contributions included above
$36,670
-
3 · Investment income
total $10,684 · excluded $10,684
-
7a · Gross sales of assets other than inventory
securities $3,149,764
-
7b · Less cost or other basis and sales expenses
securities $926,813
-
7c · Gain or loss
securities $2,222,951
-
7d · Net gain or loss
total $2,222,951 · excluded $2,222,951
-
10a · Gross sales of inventory
$78,585
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $78,585 · related or exempt $78,585
-
11a · Other revenue: INSURANCE PROCEEDS FROM ASSET LOS
total $291,850 · excluded $291,850
-
11e · Other revenue, total
$291,850
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $424,741 · program services $81,277 · management and general $256,156 · fundraising $87,308
-
7 · Other salaries and wages
total $834,605 · program services $625,395 · management and general $73,182 · fundraising $136,028
-
8 · Pension plan contributions
total $90,667 · program services $68,681 · management and general $2,932 · fundraising $19,054
-
9 · Other employee benefits
total $161,798 · program services $119,019 · management and general $24,532 · fundraising $18,247
-
10 · Payroll taxes
total $84,787 · program services $51,782 · management and general $18,232 · fundraising $14,773
-
11c · Fees: accounting
total $130,386 · management and general $130,386
-
11f · Fees: investment management
total $68,939 · management and general $68,939
-
12 · Advertising and promotion
total $35,549 · program services $4,544 · management and general $3,302 · fundraising $27,703
-
13 · Office expenses
total $288,795 · program services $243,282 · management and general $28,480 · fundraising $17,033
-
14 · Information technology
total $33,629 · program services $28,077 · fundraising $5,552
-
16 · Occupancy
total $207,437 · program services $203,547 · management and general $3,610 · fundraising $280
-
17 · Travel
total $6,515 · fundraising $6,515
-
22 · Depreciation, depletion and amortization
total $668,594 · program services $668,594
-
23 · Insurance
total $254,860 · management and general $254,860
-
24a · Other expenses: FARM EXPENSES
total $249,348 · program services $249,348
-
24b · Other expenses: FOOD EXPENSES
total $94,597 · program services $94,597
-
24c · Other expenses: STUDENT COUNSELING
total $22,475 · program services $22,475
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $212,630 · end of year $298,577
-
2 · Savings and temporary cash investments
beginning of year $979,022 · end of year $406,001
-
4 · Accounts receivable
beginning of year $2,029 · end of year $742,175
-
9 · Prepaid expenses and deferred charges
beginning of year $116,843 · end of year $64,917
-
10a · Land, buildings and equipment: cost or other basis
$23,026,404
-
10b · Land, buildings and equipment: accumulated depreciation
$7,624,478
-
10c · Land, buildings and equipment, net
beginning of year $13,938,478 · end of year $15,401,926
-
11 · Investments: publicly traded securities
beginning of year $24,712,075 · end of year $23,778,062
-
15 · Other assets
beginning of year $99,964 · end of year $102,355
-
17 · Accounts payable and accrued expenses
beginning of year $308,794 · end of year $173,964
-
25 · Other liabilities
beginning of year $4,635 · end of year $4,579
-
27 · Net assets without donor restrictions
beginning of year $24,752,210 · end of year $25,389,850
-
28 · Net assets with donor restrictions
beginning of year $14,995,402 · end of year $15,225,620
Mission and programs · 2022
Mission
TO PROVIDE LEADERSHIP AND ENLIGHTENED SERVICE BY BRINGING STUDENTS INTO INTENSE CONTACT WITH NATURE, WORK, AND IDEAS.
Activities or mission (Part I)
TO PROVIDE STUDENTS WITH A LIBERAL ARTS EDUCATION THROUGH ACADEMICS, LABOR, AND SELF-GOVERNANCE.
-
DEEP SPRINGS COLLEGE IS LOCATED ON A CATTLE RANCH AND ALFALFA FARM IN CALIFORNIA. THE COLLEGE INTEGRATES ACADEMICS, LABOR, AND SELF-GOVERNANCE. IT ENABLES ITS TWENTY-SIX TO THIRTY STUDENTS TO EXPERIENCE AND TAKE YEAR-ROUND RESPONSIBILITY FOR A LARGELY SELF-SUSTAINING COMMUNITY, RANCH, AND FARM WHILE REQUIRING THEM TO ENGAGE IN A TWO-YEAR LIBERAL ARTS HONORS PROGRAM. THE COLLEGE SERVES TO EDUCATE AND PREPARE ITS STUDENTS FOR TRANSITION TO FOUR-YEAR INSTITUTIONS FOR ACADEMIC DEGREE COMPLETION.
Expenses $2,460,618 · Revenue $78,585
As filed on the 2022 return.
Listed in Part VII
-
Aron FischerARON FISCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brighde MullinsBRIGHDE MULLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adnan HusseinADNAN HUSSEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan FulwilerDAN FULWILER
CHAIR & DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Felicia WongFELICIA WONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jefferson CowieJEFFERSON COWIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan DeweeseJONATHAN DEWEESE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen PetersonKATHLEEN PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark TaylorMARK TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marcella DavidMARCELLA DAVID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lynn HuntzingerLYNN HUNTZINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Drew StrorinoDREW STRORINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maccabee ArmstrongMACCABEE ARMSTRONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sue DarlingtonSUE DARLINGTON
PRESIDENT UNTIL 6/30/2023
- Total calculated
- $261,503
- From this org
- $215,000
- From related orgs
- $0
- Other
- $46,503
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $46,503
- Filer's total
- $261,503
-
Ryan Derby-TalbotRYAN DERBY-TALBOT
DEAN & CFO
- Total calculated
- $136,517
- From this org
- $104,000
- From related orgs
- $0
- Other
- $32,517
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
DEEP SPRINGS FREE EDUCATIONAL TRUST
501(C)(3) · TO PROVIDE DEEP SPRINGS CORPORATION WITH FACILITIES AND EQUIPMENT · CA · controlled entity
Directly controlled by DEEP SPRINGS CORPORATION
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
LL NUNN LLC
RELATED · LANDLORD/TENANT · CA · 100% owned · general or managing partner
Directly controlled by DEEP SPRINGS CORPORATION
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
THOMAS R PALFREY JR AND EMILY S PALFREY CHARITABLE REMAINDER TRUST
T · CHARITABLE TRUST · IN · 50% owned
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441369349318214
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