Form 990 for tax year 2023

Filed by SPRINGS RESCUE MISSION.

Totals

Total revenue: $16,708,221
Total expenses: $34,173,522
Contributions and grants received: $15,558,340
Grants paid: $22,770,155
Program service revenue: $695,669
Investment income: $256,372
Other revenue: $197,840
Total assets, end of year: $10,097,045
Total liabilities, end of year: $3,898,513
Net assets or fund balances, end of year: $6,198,532
Program services expenses (Part IX): $31,288,582
Management and general expenses: $1,106,338
Fundraising expenses: $1,778,602
Program service expenses (Part III): $31,288,582

Program services were 91.6% 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.

1a · Federated campaigns

$13,144
1c · Fundraising events

$70,675
1d · Related organizations

$8,871
1e · Government grants (contributions)

$2,809,976
1f · All other contributions, gifts and grants

$12,655,674
1g · Noncash contributions included above

$4,041,754
2a · Program service revenue: Culinary Program

total $634,355 · related or exempt $634,355
2f · All other program service revenue

total $61,314 · related or exempt $61,314 · unrelated business $0 · excluded $0
3 · Investment income

total $256,372 · excluded $256,372
6a · Gross rents

real property $149,936
6b · Less rental expenses

real property $76,641
6c · Rental income or loss

real property $73,295 · personal property $0
6d · Net rental income or loss

total $73,295 · unrelated business $41,718 · excluded $31,577
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: gross income

$166,410
8a · Fundraising events: contributions included on line 1c

$70,675
8b · Fundraising events: direct expenses

$112,612
8c · Net income from fundraising events

total $53,798 · excluded $53,798
11d · All other revenue

total $70,747 · related or exempt $0 · unrelated business $0 · excluded $70,747
11e · Other revenue, total

$70,747

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $21,288,613 · program services $21,288,613
2 · Grants to domestic individuals

total $1,481,542 · program services $1,481,542
5 · Compensation of officers, directors and key employees

total $354,092 · program services $212,455 · management and general $99,146 · fundraising $42,491
7 · Other salaries and wages

total $5,637,539 · program services $4,522,706 · management and general $469,936 · fundraising $644,897
8 · Pension plan contributions

total $120,781 · program services $97,434 · management and general $9,545 · fundraising $13,802
9 · Other employee benefits

total $736,252 · program services $583,345 · management and general $68,482 · fundraising $84,425
10 · Payroll taxes

total $485,243 · program services $383,731 · management and general $45,849 · fundraising $55,663
11b · Fees: legal

total $1,539 · program services $1,262 · management and general $92 · fundraising $185
11c · Fees: accounting

total $31,546 · management and general $31,546
11e · Fees: professional fundraising services

total $32,500 · fundraising $32,500
11g · Fees: other

total $468,974 · program services $243,684 · management and general $206,802 · fundraising $18,488
12 · Advertising and promotion

total $612,652 · program services $2,092 · management and general $36,096 · fundraising $574,464
13 · Office expenses

total $331,875 · program services $186,506 · management and general $29,161 · fundraising $116,208
14 · Information technology

total $357,347 · program services $200,821 · management and general $31,399 · fundraising $125,127
16 · Occupancy

total $10,711 · program services $10,111 · management and general $271 · fundraising $329
17 · Travel

total $60,504 · program services $50,321 · management and general $5,745 · fundraising $4,438
20 · Interest

total $136,482 · program services $129,334 · management and general $3,399 · fundraising $3,749
22 · Depreciation, depletion and amortization

total $891,680 · program services $844,977 · management and general $22,208 · fundraising $24,495
23 · Insurance

total $215,928 · program services $179,589 · management and general $20,502 · fundraising $15,837
24a · Other expenses: Client supplies and events

total $626,201 · program services $626,201
24e · All other expenses

total $291,521 · program services $243,858 · management and general $26,159 · fundraising $21,504

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,518,248 · end of year $1,759,384
2 · Savings and temporary cash investments

beginning of year $3,682,569 · end of year $3,248,256
3 · Pledges and grants receivable

beginning of year $319,529 · end of year $407,616
4 · Accounts receivable

beginning of year $64,550 · end of year $172,446
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $3,166,475 · end of year $2,896,144
8 · Inventories for sale or use

beginning of year $117,339 · end of year $104,362
9 · Prepaid expenses and deferred charges

beginning of year $218,885 · end of year $61,794
10a · Land, buildings and equipment: cost or other basis

$2,350,562
10b · Land, buildings and equipment: accumulated depreciation

$1,361,912
10c · Land, buildings and equipment, net

beginning of year $22,119,216 · end of year $988,650
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $62,594 · end of year $458,393
17 · Accounts payable and accrued expenses

beginning of year $779,248 · end of year $889,803
19 · Deferred revenue

beginning of year $307,762 · end of year $98,879
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $4,392,961 · end of year $770,457
24 · Unsecured notes and loans payable

beginning of year $2,000,000 · end of year $2,000,000
25 · Other liabilities

beginning of year $125,601 · end of year $139,374
27 · Net assets without donor restrictions

beginning of year $22,715,787 · end of year $6,125,716
28 · Net assets with donor restrictions

beginning of year $948,046 · end of year $72,816

Mission and programs · 2023

Mission

To serve the poor and needy in Colorado Springs with the result being that lives are changed and restored to productivity as well as spiritually and socially regenerated. (Continued on Schedule O)

Activities or mission (Part I)

To partner with the local community to minister to the poor, homeless, hungry, and addicted.

Donation Center: The Donation Center is here for families and individuals struggling with poverty and in need. Our clothing store and distribution center make Springs Rescue Mission (SRM) one of El Paso County's key providers of life's essential items. The Donation Center is strategically networked to provide the right help as quickly as possible through our extensive partnerships with other local agencies. To not duplicate services, SRM focuses on areas that will create impact in the lives of the impoverished in our community in the area of basic living needs. In fiscal year 2024, over $4 MM worth of essential items, including clothing, hygiene and winterwear were distributed.

Expenses $4,062,061 · Grants $4,062,944 · Revenue $61,314
Shelter Program: Over 133,000 bed nights provided to over 3,150 unique individuals in our tiered shelter system. People seeking shelter are admitted to the Entry shelter for relief and recue services, including food, clothing, and community connection. Our goal is to provide folks with resources and support to pursue recovery, restoration, and community reintegration, through voluntary programing.

Expenses $3,338,300 · Grants $309,583
Samaritan's Kitchen - Meals & Food Program: Our meal program provides hot meals seven days a week in a cafeteria-style facility. During fiscal year 2024, Samaritan's Kitchen provided more than 211,000 hot meals in our kitchen- serving over 4,900 unique individuals. Samaritans Kitchen operates as a training kitchen to help provide employability skills and core competencies to help folks gain employment in the marketplace. Employment training programs are integral to our purpose at the Springs Rescue Mission. Providing Work force training and a bit of hope can be an avenue to lasting change for those who are working to reach their goals. In FY 2024, our instructors issued 72 food handlers' cards. Additionally, over 230 unique individuals participated in culinary training.

Expenses $2,322,100 · Revenue $634,355
Resource Center: The Resource Center provides the support necessary for individuals to recover from chronic homelessness through relationships with compassionate case managers. The highly personalized services are structured to meet the needs of our guests. Resource Center Case Managers have been trained to help homeless guests construct personalized recovery plans that focus on housing, work, and health solutions. Through partner agencies and SRM internal programs, guests are able to transition into healthy housing solutions.

Expenses $1,649,870
New Life Program - Men's Recovery Program: Springs Rescue Mission currently provides an 10-17 month no-cost men's residential rehabilitation program which comes alongside men who are on a journey from brokenness and addiction to a transformed life of wholeness based on a relationship with Jesus Christ. In fiscal 2024, the New Life Program averaged 20 indivduals per day in our 60-bed facility. The New Life Program graduated 6 individuals in fiscal year 2024.

Expenses $1,518,623
In FY24, the filing organization transferred the majority of its real property into a new 501(c)(3) supporting organization, SRM Legacy Foundation. Going forward, real property used for program purposes will be held by the Foundation for additional liability protection, but the properties will still be utilized by SRM and the transfer will have no impact on SRM's program operations and activities.

Expenses $18,397,628 · Grants $18,397,628

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Alison Murray

Chair (part year)

Total calculated

$0

Hours/week

1 + 1 related
Beth Nolette

Secretary (part year), Board Member

Total calculated

$0

Hours/week

1
Derrick Jeffers

Finance Chair/Secretary

Total calculated

$0

Hours/week

1
Peter Speiser

Treasurer

Total calculated

$0

Hours/week

1
Trenton Langhofer

Board Chair

Total calculated

$0

Hours/week

1
Alejandro Lugo

Board Member

Total calculated

$0

Hours/week

1
Bonnie Martinez

Board Member

Total calculated

$0

Hours/week

1
Ian Speir

Board Member (part year)

Total calculated

$0

Hours/week

1
Melinda Joy Mingo

Board Member

Total calculated

$0

Hours/week

1
Mike MacGuire

Advancement Chair

Total calculated

$0

Hours/week

1
Sarah Scherling

Governance Chair

Total calculated

$0

Hours/week

1
Taylor Huse

Board Member

Total calculated

$0

Hours/week

1
Jack Briggs

CEO

Total calculated

$215,808

From this org

$207,743

From related orgs

$0

Other

$8,065

Hours/week

40 + 10 related

Schedule J breakdown matched by us

Base

$201,743

Bonus

$6,000

Other

$0

Deferred

$6,128

Nontaxable benefits

$1,937

Filer's total

$215,808
Keith Schumacher

CFO

Total calculated

$130,801

From this org

$125,652

From related orgs

$0

Other

$5,149

Hours/week

40 + 1 related
Anissa Jones

CHRO

Total calculated

$131,251

From this org

$104,833

From related orgs

$0

Other

$26,418

Hours/week

40
Jeff Cook

Chief Programs Officer

Total calculated

$149,294

From this org

$134,985

From related orgs

$0

Other

$14,309

Hours/week

40
Terry Anderson

COO

Total calculated

$173,658

From this org

$158,450

From related orgs

$0

Other

$15,208

Hours/week

40 + 1 related

Schedule J breakdown matched by us

Base

$154,031

Bonus

$4,419

Other

$0

Deferred

$5,435

Nontaxable benefits

$9,773

Filer's total

$173,658
Travis Williams

Chief Development Officer

Total calculated

$172,303

From this org

$147,653

From related orgs

$0

Other

$24,650

Hours/week

40 + 1 related

Schedule J breakdown matched by us

Base

$143,670

Bonus

$3,983

Other

$0

Deferred

$4,543

Nontaxable benefits

$20,107

Filer's total

$172,303

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 · Compensation survey or study
3 · Approval by the board or compensation committee
7 · Other non-fixed payments

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
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments: Bonuses are provided on a discretionary basis and approved by the CEO and CFO. The CEO's bonus is approved by the Board of Directors.

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

Discover Goodwill

no cash amount reported

To help the needy and disabled individuals
God's Pantry

no cash amount reported

To help the needy and disabled individuals
SRM Legacy Foundation

no cash amount reported

Transfer real property to supporting organization
Greenway Flats LLC

no cash amount reported

Property financing- interest free loan

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.

SRM Legacy Foundation

501(c)(3) · Supporting organization to SRM · CO · controlled entity

Directly controlled by The Springs Rescue Mission

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

City Gate Motors LLC

Mission support · CO · income $5,367 · assets $0

Directly controlled by The Springs Rescue Mission
Mission Catering LLC

Mission Support · CO · income $634,355 · assets $0

Directly controlled by The Springs Rescue Mission

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Pikes Peak Permanent Supportive Housing No1 LLC (PPPSH1)

N/A · Managing Member of Greenway Flats, LLC · CO

Directly controlled by NA
Greenway Flats LLC

N/A · Permanent Supportive Housing · CO

Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Mission Enterprise Corp

C Corporation · Investing in profit mission drive ventures · CO · 100% owned · share of income $0 · share of assets $0 · controlled entity

Directly controlled by The Springs Rescue Mission
SRM PPPSH1 Inc

C Corporation · Mission support · CO · 100% owned · share of income $0 · share of assets $0 · controlled entity

Directly controlled by The Springs Resue Mission

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $18,397,628. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 May 2025
IRS schema version: 2023v6.0
Source object: 202511359349301716

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