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Nonprofiteer
← SPARC PHILADELPHIA

Form 990 for tax year 2023

Filed by SPARC PHILADELPHIA.

Totals

Total revenue
$1,948,422
Total expenses
$1,636,377
Contributions and grants received
$72,853
Grants paid
$0
Program service revenue
$1,636,912
Investment income
$235,365
Other revenue
$3,292
Total assets, end of year
$10,594,470
Total liabilities, end of year
$4,040,546
Net assets or fund balances, end of year
$6,553,924
Program services expenses (Part IX)
$410,332
Management and general expenses
$1,222,631
Fundraising expenses
$3,414
Program service expenses (Part III)
$410,332

Program services were 25.1% 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.

  • 1c · Fundraising events

    $29,229

  • 1f · All other contributions, gifts and grants

    $43,624

  • 2a · Program service revenue: MANAGEMENT FEES

    total $1,636,912 · related or exempt $1,636,912

  • 3 · Investment income

    total $231,837 · excluded $231,837

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $1,811,981

  • 7b · Less cost or other basis and sales expenses

    securities $1,808,453

  • 7c · Gain or loss

    securities $3,528

  • 7d · Net gain or loss

    total $3,528 · excluded $3,528

  • 8a · Fundraising events: gross income

    $19,486

  • 8a · Fundraising events: contributions included on line 1c

    $29,229

  • 8b · Fundraising events: direct expenses

    $25,744

  • 8c · Net income from fundraising events

    total -$6,258 · excluded -$6,258

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $9,550 · related or exempt $9,550

  • 11e · Other revenue, total

    $9,550

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $74,701 · program services $18,675 · management and general $56,026

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $752,195 · program services $188,048 · management and general $564,147

  • 8 · Pension plan contributions

    total $33,101 · program services $8,275 · management and general $24,826

  • 9 · Other employee benefits

    total $86,056 · program services $21,513 · management and general $64,543

  • 10 · Payroll taxes

    total $63,149 · program services $15,787 · management and general $47,362

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $11,795 · management and general $11,795

  • 11c · Fees: accounting

    total $25,000 · management and general $25,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $20,786 · management and general $20,786

  • 11g · Fees: other

    total $26,280 · program services $15,769 · management and general $10,511

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $102,978 · program services $25,744 · management and general $77,234

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $321,061 · program services $80,265 · management and general $240,796

  • 17 · Travel

    total $7,436 · program services $1,859 · management and general $5,577

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $89,072 · program services $22,268 · management and general $66,804

  • 23 · Insurance

    total $0

  • 24a · Other expenses: MISCELLANEOUS

    total $22,767 · program services $12,129 · management and general $7,224 · fundraising $3,414

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,524,758 · end of year $4,016,329

  • 2 · Savings and temporary cash investments

    beginning of year $158,172 · end of year $232,153

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $12,940 · end of year $0

  • 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 $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,486 · end of year $19,650

  • 10a · Land, buildings and equipment: cost or other basis

    $1,818,859

  • 10b · Land, buildings and equipment: accumulated depreciation

    $768,603

  • 10c · Land, buildings and equipment, net

    beginning of year $305,029 · end of year $1,050,256

  • 11 · Investments: publicly traded securities

    beginning of year $4,954,995 · end of year $5,276,082

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $192,810 · end of year $163,882

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,771,219 · end of year $3,876,664

  • 27 · Net assets without donor restrictions

    beginning of year $6,009,351 · end of year $6,553,924

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

SPARC PHILADELPHIA OPERATES AS THE FINANCIAL MANAGER FOR THE ARC OF PHILADELPHIA AND SPARC SERVICES WHICH PROVIDE SERVICES TO INDIVIDUALS WITH DISABILITIES TO HELP THEM ACHIEVE INDEPENDENCE THROUGH CHOICE, SELF-DETERMINATION, INCLUSION AND COMMUNITY CONNECTIONS.

Activities or mission (Part I)

TO COORDINATE THE ACTIVITIES OF ITS AFFILIATED 501(C)(3) ORGANIZATIONS.

  • SPARC PHILADELPHIA OPERATES AS THE FINANCIAL MANAGER FOR THE ARC OF PHILADELPHIA AND SPARC SERVICES WHICH PROVIDE SERVICES TO INDIVIDUALS WITH DISABILITIES AND HELPS THEM TO ACHIEVE INDEPENDENCE THROUGH CHOICE, SELF-DETERMINATION, INCLUSION AND COMMUNITY CONNECTIONS.

    Expenses $410,332 · Revenue $1,636,912

As filed on the 2023 return.

Listed in Part VII

  • Nofre Vaquer

    CEO

    Total calculated
    $195,382
    From this org
    $0
    From related orgs
    $150,141
    Other
    $45,241
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    not reported + $150,141 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $11,968 related
    Nontaxable benefits
    not reported + $33,273 related
    Filer's total
    not reported + $195,382 related

  • Laura Princiotta

    CEO (RETIRED 07/01/23)

    Total calculated
    $145,760
    From this org
    $0
    From related orgs
    $134,193
    Other
    $11,567
    Hours/week
    8 + 32 related

  • lee gutkin

    controller

    Total calculated
    $105,759
    From this org
    $0
    From related orgs
    $91,970
    Other
    $13,789
    Hours/week
    8 + 32 related

  • reginald FULLER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • david BRIGHT

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Ann Cosfol

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Norma Carter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • roy Diamond

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Margie Gardner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Michael Weingram

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ken Oakes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

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.

  • THE ARC OF PHILADELPHIA

    501(C)(3) · ADVOCACY FOR · PA · controlled entity

    Directly controlled by SPARC PHIL

  • SPARC SERVICES

    501(C)(3) · PROVIDE SERVI · PA · controlled entity

    Directly controlled by SPARC PHILAD

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v6.0
Source object
202521359349310907

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