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Nonprofiteer
← SPARK NS INC

Form 990 for tax year 2024

Filed by SPARK NS INC.

Totals

Total revenue
$9,000,000
Total expenses
$6,368,774
Contributions and grants received
$9,000,000
Grants paid
$813,575
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,912,988
Total liabilities, end of year
$1,044,716
Net assets or fund balances, end of year
$2,868,272
Program services expenses (Part IX)
$5,621,877
Management and general expenses
$746,897
Fundraising expenses
$0
Program service expenses (Part III)
$5,621,877

Program services were 88.3% 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.

  • 1f · All other contributions, gifts and grants

    $9,000,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $813,575 · program services $813,575

  • 5 · Compensation of officers, directors and key employees

    total $394,230 · program services $236,538 · management and general $157,692

  • 7 · Other salaries and wages

    total $1,514,294 · program services $1,514,294

  • 9 · Other employee benefits

    total $132,003 · program services $129,660 · management and general $2,343

  • 10 · Payroll taxes

    total $121,713 · program services $114,849 · management and general $6,864

  • 11b · Fees: legal

    total $635,958 · program services $591,496 · management and general $44,462

  • 11c · Fees: accounting

    total $157,687 · management and general $157,687

  • 11g · Fees: other

    total $971,031 · program services $665,389 · management and general $305,642

  • 12 · Advertising and promotion

    total $31,133 · program services $27,828 · management and general $3,305

  • 13 · Office expenses

    total $52,247 · program services $20,716 · management and general $31,531

  • 14 · Information technology

    total $128,590 · program services $117,353 · management and general $11,237

  • 16 · Occupancy

    total $324,660 · program services $312,528 · management and general $12,132

  • 17 · Travel

    total $300,307 · program services $299,167 · management and general $1,140

  • 19 · Conferences, conventions and meetings

    total $280,472 · program services $279,277 · management and general $1,195

  • 22 · Depreciation, depletion and amortization

    total $80,679 · program services $78,236 · management and general $2,443

  • 23 · Insurance

    total $9,638 · program services $5,712 · management and general $3,926

  • 24a · Other expenses: RESEARCH EXPENSES

    total $174,599 · program services $174,599

  • 24b · Other expenses: SOFTWARE LICENSES, DUES

    total $74,580 · program services $69,282 · management and general $5,298

  • 24c · Other expenses: PROGRAM MATERIALS

    total $6,225 · program services $6,225

  • 24e · All other expenses

    total $165,153 · program services $165,153

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $186,123 · end of year $2,457,184

  • 4 · Accounts receivable

    beginning of year $0 · end of year $6,279

  • 9 · Prepaid expenses and deferred charges

    beginning of year $106,678 · end of year $315,977

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

    $31,673

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

    $7,361

  • 10c · Land, buildings and equipment, net

    beginning of year $9,146 · end of year $24,312

  • 14 · Intangible assets

    beginning of year $232,416 · end of year $1,082,937

  • 15 · Other assets

    beginning of year $30,500 · end of year $26,299

  • 17 · Accounts payable and accrued expenses

    beginning of year $327,817 · end of year $1,044,716

  • 27 · Net assets without donor restrictions

    beginning of year $237,046 · end of year $2,868,272

Mission and programs · 2024

Mission

SPARK NS IS DEDICATED TO MORE EFFICIENTLY ADVANCING PROMISING ACADEMIC DISCOVERIES IN NEUROSCIENCE FROM THE LAB TO THE CLINIC.

Activities or mission (Part I)

TO ADVANCE PROMISING ACADEMIC DISCOVERIES IN NEUROSCIENCE FROM THE LAB TO THE CLINIC.

  • IN ADDITION TO GRANT FUNDING, PROVIDED PROJECT MANAGEMENT, EDUCATION, ADVISORY AND MENTORSHIP SERVICES FOR FIVE 2024/2025 COHORT 1 PROJECTS.

    Expenses $3,312,877 · Grants $813,575

  • SOLICITED AND REVIEWED 100 SUBMISSIONS FOR THE 2025/2026 COHORT 2 SELECTING 8 PROJECTS TO MOVE FORWARD. COMPLETED GRANT AGREEMENTS AND ONBOARDING OF THE SELECTED PROJECTS.

    Expenses $1,659,000

  • CONTINUED DEVELOPMENT OF THE ELEARNING PLATFORM.

    Expenses $550,000

  • CONTINUED BUILDING ADVISORY PANEL AND SCIENTIFIC BOARD COVERING THE INDICATIONS OF PARKINSON'S DISEASE, BIPOLAR DISORDER AND AUTISM SPECTRUM DISORDER; THESE ADVISORS PROVIDE EDUCATIONAL, MENTORSHIP AND PROJECT ADVISORY SUPPORT.BUILDING A NETWORK OF CONTRACT RESEARCH ORGANIZATIONS THAT WILL PROVIDE RESEARCH AND DEVELOPMENT SERVICES TO THE SELECTED PROJECTS.

    Expenses $100,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michele Cucullu

    DIRECTOR/PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Tara Farnsworth

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Daria Mochly-Rosen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Marcia Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Stephen Kargotich

    EXECUTIVE DIRECTOR

    Total calculated
    $378,462
    From this org
    $360,000
    From related orgs
    $0
    Other
    $18,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    $60,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,462
    Filer's total
    $378,462

  • Opher Kornfeld

    VICE PRESIDENT

    Total calculated
    $275,570
    From this org
    $264,500
    From related orgs
    $0
    Other
    $11,070
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,000
    Bonus
    $34,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,070
    Filer's total
    $275,570

  • Marisol Urbano

    PROGRAM OPERATION MANAGER

    Total calculated
    $241,097
    From this org
    $227,500
    From related orgs
    $0
    Other
    $13,597
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    $17,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,597
    Filer's total
    $241,097

  • Adriana Garcia

    EDUCATION MANAGER

    Total calculated
    $163,202
    From this org
    $151,500
    From related orgs
    $0
    Other
    $11,702
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $1,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,702
    Filer's total
    $163,202

  • Jeyanthi Ramasubbu

    SENIOR PROJECT MANAGER

    Total calculated
    $138,000
    From this org
    $138,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ravikumar Ponnusamy

    SENIOR PROJECT MANAGER

    Total calculated
    $153,669
    From this org
    $127,218
    From related orgs
    $0
    Other
    $26,451
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,218
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,451
    Filer's total
    $153,669

  • Charlene Chabata

    PROJECT MANAGER

    Total calculated
    $127,074
    From this org
    $116,004
    From related orgs
    $0
    Other
    $11,070
    Hours/week
    40

  • Monet Jimenez

    LEARNING EXPERIENCE DESIGNER

    Total calculated
    $120,414
    From this org
    $109,224
    From related orgs
    $0
    Other
    $11,190
    Hours/week
    40

  • Shadi Nasiri

    EVENT COORDINATOR

    Total calculated
    $115,119
    From this org
    $101,846
    From related orgs
    $0
    Other
    $13,273
    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 · Written employment contract
  • 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

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543189349306034

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