Springs Rescue Mission

The information on this page was last updated 10/9/2023. If you see errors or omissions, please email: [email protected]


Summary

While we seek to meet the immediate needs of our homeless neighbors, our ultimate goal is to provide the support and tools necessary to create lasting change. Sometimes, with some patience, faith, and a lot of love, we see lives completely transformed.


Contact information

Mailing address:
Springs Rescue Mission
5 W Las Vegas Street
Colorado Springs, CO 80903

Website: springsrescuemission.org

Phone: (719)632-1822

Email: [email protected]


Organization details

EIN: 841340824

CEO/President: Jack Briggs

Chairman: Dr. Trenton Langhofer

Board size: 11

Founder: Paul & Marilyn Vyzourek

Ruling year: 1996

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2005


Purpose

It is our commitment to meet our guests as they are; providing life-changing services and offering a welcoming and safe environment for transformation.

We want to see lives transformed for eternity and filled with hope as our community works together to fight homelessness, poverty and addiction.


Mission statement

Because of our love for and obedience to God, our mission is to mobilize the community to provide Housing, Health and Work services.


Statement of faith

Springs Rescue Mission uses the Nicene Creed as its statement of faith:

We believe in one God,
the Father, the Almighty,
maker of heaven and earth,
of all that is seen and unseen.
We believe in one Lord, Jesus Christ,
the only Son of God,
eternally begotten of the Father,
God from God, Light from Light,
true God from true God,
begotten, not made, one in Being with the Father.
Through him all things were made.
For us men and for our salvation
he came down from heaven:
by the power of the Holy Spirit
he was born of the Virgin Mary, and became man.

For our sake he was crucified under Pontius Pilate,
he suffered, died, and was buried.
On the third day he rose again
in fulfillment of the Scriptures;
he ascended into heaven
and is seated at the right hand of the Father.
He will come again in glory to judge the living and the dead,
and his kingdom will have no end.
We believe in the Holy Spirit, the Lord, the giver of life,
who proceeds from the Father and the Son.
With the Father and the Son he is worshiped and glorified.
He has spoken through the Prophets.
We believe in one holy catholic and apostolic Church.
We acknowledge one baptism for the forgiveness of sins.
We look for the resurrection of the dead
and the life of the world to come. Amen.

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating701 of 110489 of 140
Fund acquisition rating486 of 110564 of 140
Resource allocation rating559 of 110563 of 140
Asset utilization rating863 of 1104118 of 140

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%10%8%7%8%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%10%7%7%7%8%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%95%95%96%96%97%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%11%10%9%8%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%5%5%4%4%3%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%80%77%80%82%79%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%88%73%76%99%92%
Program output ratio Program output ratio =
Program services /
Total revenue
70%70%56%61%81%73%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%12%27%24%1%8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%8%20%22%1%8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%9%13%11%11%13%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.440.410.500.720.71
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.715.036.886.836.0113.52
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.682.222.803.404.349.59
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.916.153.293.135.222.09
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.160.300.320.190.48
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.464.532.982.402.240.65
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%24%24%29%27%27%
Debt ratio Debt ratio =
Debt /
Total assets
1%21%20%24%24%23%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
160%173%186%143%101%103%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$5,661,451$3,177,867$3,231,909$2,855,904$746,251
Receivables, inventories, prepaids$693,082$1,121,703$444,634$330,266$637,007
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$6,354,533$4,299,570$3,676,543$3,186,170$1,383,258
Long-term investments$0$0$0$0$0
Fixed assets$22,428,466$22,129,255$18,258,715$15,732,354$17,074,008
Other long-term assets$3,204,065$3,166,475$3,166,475$241,475$241,475
Total long-term assets$25,632,531$25,295,730$21,425,190$15,973,829$17,315,483
Total assets$31,987,064$29,595,300$25,101,733$19,159,999$18,698,741
 
Liabilities20222021202020192018
Payables and accrued expenses$829,831$1,206,632$1,076,571$511,415$561,393
Other current liabilities$202,623$98,879$98,879$98,879$98,879
Total current liabilities$1,032,454$1,305,511$1,175,450$610,294$660,272
Debt$6,574,785$5,845,525$5,984,621$4,577,805$4,252,770
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$80,745$80,745$76,843$73,125$69,581
Total long-term liabilities$6,655,530$5,926,270$6,061,464$4,650,930$4,322,351
Total liabilities$7,687,984$7,231,781$7,236,914$5,261,224$4,982,623
 
Net assets20222021202020192018
Without donor restrictions$22,769,556$21,503,659$14,924,642$12,964,123$11,359,992
With donor restrictions$1,529,524$859,860$2,940,177$934,652$2,356,126
Net assets$24,299,080$22,363,519$17,864,819$13,898,775$13,716,118
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$15,223,417$15,759,301$15,863,474$13,481,240$13,930,810
Program service revenue$661,896$596,650$518,007$450,500$398,470
Membership dues$0$0$0$0$0
Investment income$25,580$34,041$3,372$116,108$32,181
Other revenue$109,635$158,445$80,657($52,214)$32,364
Total other revenue$797,111$789,136$602,036$514,394$463,015
Total revenue$16,020,528$16,548,437$16,465,510$13,995,634$14,393,825
 
Expenses20222021202020192018
Program services$11,269,277$9,308,792$10,021,882$11,309,898$10,483,296
Management and general$1,268,895$1,524,885$1,361,886$1,462,896$1,663,327
Fundraising$1,546,795$1,216,060$1,115,697$1,040,183$1,125,051
Total expenses$14,084,967$12,049,737$12,499,465$13,812,977$13,271,674
 
Change in net assets20222021202020192018
Surplus (deficit)$1,935,561$4,498,700$3,966,045$182,657$1,122,151
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,935,561$4,498,700$3,966,045$182,657$1,122,151

Compensation

NameTitleCompensation
Jack BriggsCEO$183,536
Terry AndersonCOO$149,764
Travis WilliamsChief Development Officer$145,645
Jeff CookChief Programs Officer$124,122
Keith SchumacherCFO$67,764

Compensation data as of: 6/30/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 10/9/2023. To update the information below, please email: [email protected]


History

In 1995, God filled Paul and Marilyn Vyzourek with a desire to serve the poor, hungry and homeless neighbors of Colorado Springs. In 1996, their ministry grew into a small, one-room food pantry - and Springs Rescue Mission was born.

For years, the small nonprofit focused on feeding the hungry. But in 2013, God made a way for SRM to open a small winter shelter with room for 37 men and women. It started with a meal and quickly became a movement of hope that would change how our community helps those in need.

The "Community of Hope" capital campaign was launched to fulfill a God-given dream of creating an extensive homeless resource campus in Colorado Springs. We envisioned it as a place where neighbors struggling with homelessness, hunger, poverty, addiction or food insecurity could come to address their legitimate need for housing, health and work.

In just five short years, our city and supporters have helped us raise $16 million to create a Campus of Hope. Donor support has created some of the nation's most innovative programs and built facilities that are transforming lives.


Program accomplishments


Needs