2019 SPC Report
Dayspring Technologies is an incorporated Social Purpose Corporation (SPC). SPCs are for-profit corporations registered in California that not only provide valuable services, but also recognize a broader range of stakeholders and promote a positive impact beyond profits. To that end, our efforts are focused in three areas: the workplace, the marketplace, and our community.
According to a report by the AFL-CIO, S&P 500 CEOs made 347 times more than the average rank-and-file employee in 2016 (the figure is much higher when compared to the lowest paid employee). At Dayspring we believe that every employee deserves a more equitable share of income, especially as we reside in one of the most expensive cities in the country. We proactively monitor our highest-to-lowest salary ratio in an attempt to reverse a trend that we find difficult to justify and that goes against our core values. In 2019, that ratio continues to be just over 2:1 (3:1 if you include our janitorial staff). This is our way of “filling in the valleys and bringing low the mountains.” (Isaiah 40:4, Luke 3:5)
At Dayspring, we try to positively impact the marketplace by serving our clients in ways that nurture, rather than exploit, the relationship. We consider each project an opportunity to care for our clients, each of whom is under pressure to deliver by the rules of a cold, unsympathetic economy. Admittedly, the results of this effort are hard to fully express in numbers. But we are heartened by the fact that many of our clients have been with us for years. In fact, of the dozens of clients we served in 2019, about one third were clients with whom we first partnered with over 5 years ago, and remarkably, 11 have been our partners for a decade or more.
Every day, we are grateful for the trust they have placed in us and the stability of our relationships over the years. Every day, we are encouraged by our own staff’s posture with clients and their clients’ response in turn.
As an SPC, Dayspring has the goal of donating 3% of staff time* and 10% of profits to other organizations, with the lion’s share going to neighborhood businesses and nonprofits. This past year, our profits supported a diverse collection of organizations and initiatives including Believers in Business, Community Youth Center, Glad Tidings San Francisco, Jubilee Immigration Advocates, Mission Science Workshop, Open Door Legal, Rafiki Coalition, Renaissance Entrepreneurship Center, Ripple Effect 22, San Francisco City Impact and others. In addition, over 20 staff together donated over 1700 hours in service to the Common Good.
In 2019, we continued to focus the majority share of our donated hours to a single recipient. Rise University Preparatory is a middle school with the aim of bringing quality education to Bayview. Some of our staff have built their website; others have implemented their Salesforce CRM to help track and support fundraising efforts. And many of our staff tutor after school and create coding courses, allowing us to use our marketplace skills to benefit students. All this happens seamlessly and organically given our proximity. In addition to the donations of funds and time, Dayspring made the extra commitment to fund an entire position at Rise, beginning in Fall 2019 and continuing through Spring 2020.
*Historically, Dayspring targeted to donate 5% of staff “production” time which became unnecessarily complicated to calculate. For the sake of simplicity and greater clarity, in 2019 we adjusted our donated time target to 3% of total staff hours which calculates to a comparable rate.