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Nonprofiteer
← SPARK

Form 990 for tax year 2023

Filed by SPARK.

Totals

Total revenue
$758,136
Total expenses
$1,076,799
Contributions and grants received
$723,812
Grants paid
$60,450
Program service revenue
$33,158
Investment income
$24,593
Other revenue
-$23,427
Total assets, end of year
$2,599,787
Total liabilities, end of year
$71,480
Net assets or fund balances, end of year
$2,528,307
Program services expenses (Part IX)
$724,727
Management and general expenses
$302,227
Fundraising expenses
$49,845
Program service expenses (Part III)
$724,727

Program services were 67.3% 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.

  • 1e · Government grants (contributions)

    $42,175

  • 1f · All other contributions, gifts and grants

    $681,637

  • 2a · Program service revenue: NEIGHBORHOOD CONSULTIN

    total $28,500 · related or exempt $28,500

  • 2b · Program service revenue: ACADEMY PARTICIPANT FE

    total $4,658 · related or exempt $4,658

  • 3 · Investment income

    total $24,593 · excluded $24,593

  • 6a · Gross rents

    real property $26,915

  • 6b · Less rental expenses

    real property $51,226

  • 6c · Rental income or loss

    real property -$24,311

  • 6d · Net rental income or loss

    total -$24,311 · excluded -$24,311

  • 11a · Other revenue: MISCELLANEOUS

    total $884 · related or exempt $884

  • 11e · Other revenue, total

    $884

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,450 · program services $60,450

  • 5 · Compensation of officers, directors and key employees

    total $112,929 · program services $91,063 · management and general $12,917 · fundraising $8,949

  • 7 · Other salaries and wages

    total $331,827 · program services $267,579 · management and general $37,954 · fundraising $26,294

  • 8 · Pension plan contributions

    total $6,581 · program services $5,307 · management and general $753 · fundraising $521

  • 9 · Other employee benefits

    total $34,610 · program services $27,909 · management and general $3,959 · fundraising $2,742

  • 10 · Payroll taxes

    total $40,270 · program services $32,473 · management and general $4,606 · fundraising $3,191

  • 11b · Fees: legal

    total $4,921 · management and general $4,921

  • 11c · Fees: accounting

    total $48,856 · management and general $48,856

  • 11g · Fees: other

    total $143,235 · management and general $143,235

  • 12 · Advertising and promotion

    total $19,185 · management and general $19,185

  • 13 · Office expenses

    total $27,691 · program services $22,330 · management and general $3,167 · fundraising $2,194

  • 14 · Information technology

    total $11,586 · management and general $11,586

  • 16 · Occupancy

    total $35,590 · program services $28,699 · management and general $4,071 · fundraising $2,820

  • 17 · Travel

    total $20,415 · program services $16,463 · management and general $2,335 · fundraising $1,617

  • 19 · Conferences, conventions and meetings

    total $8,556 · program services $6,899 · management and general $979 · fundraising $678

  • 22 · Depreciation, depletion and amortization

    total $2,493 · management and general $2,493

  • 23 · Insurance

    total $9,085 · program services $7,326 · management and general $1,039 · fundraising $720

  • 24a · Other expenses: PROJECT EXPENSE

    total $156,565 · program services $156,565

  • 24b · Other expenses: MEMBERSHIP DUES

    total $1,496 · program services $1,206 · management and general $171 · fundraising $119

  • 24c · Other expenses: OTHER COSTS

    total $458 · program services $458

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $355,794 · end of year $264,511

  • 2 · Savings and temporary cash investments

    beginning of year $849,859 · end of year $958,959

  • 3 · Pledges and grants receivable

    beginning of year $1,060,713 · end of year $802,088

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

    $528,920

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

    $53,139

  • 10c · Land, buildings and equipment, net

    beginning of year $490,651 · end of year $475,781

  • 15 · Other assets

    beginning of year $107,825 · end of year $98,448

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,279 · end of year $44,214

  • 25 · Other liabilities

    beginning of year $21,758 · end of year $27,266

  • 27 · Net assets without donor restrictions

    beginning of year $686,041 · end of year $932,720

  • 28 · Net assets with donor restrictions

    beginning of year $2,127,764 · end of year $1,595,587

Mission and programs · 2023

Mission

ORGANIZATION WAS ESTABLISHED TO CHAMPION COMMUNITY DEVELOPMENT BY FORMING AND LEADING PARTNERSHIPS THAT CREATE, IMPLEMENT AND EVALUATE HOLISTIC REVITALIZATION PROJECTS.

Activities or mission (Part I)

ORGANIZATION WAS ESTABLISHED TO CHAMPION COMMUNITY DEVELOPMENT BY FORMING AND LEADING PARTNERSHPS THAT CREATE, IMPLEMENT, AND EVALUATE HOLISTIC REVITALIZATION PROJECTS.

  • SPARK IS A 501(C) NONPROFIT ORGANIZATION THAT BRINGS A UNIQUE, COLLABORATIVE AND COMMUNITY-BASED APPROACH TO ECONOMIC DEVELOPMENT IN THE OMAHA/COUNCIL BLUFFS REGION. WE RECOGNIZE THAT PHILANTHROPIC ORGANIZATIONS, CIVIC INSITUTIONS, AND OTHER EQUITY PARTNERS HAVE THE RESOURCES TO IMPACT CHANGE WHILE COMMUNITY RESIDENTS, BUSINESS OWNERS AND OTHER STAKEHOLDERS BEST UNDERSTAND THE COMMUNITY'S NEEDS. SPARK SERVES AS A BRIDGE BETWEEN THESE VARIOUS PARTIES, LEVERAGING OUR EXPERTISE, RELATIONSHIPS AND FUNDING TO TRANSFORM NEIGHBORHOODS THROUGH A PROCESS OF HOLISTIC DEVELOPMENT. HOLISTIC DEVELOPMENT APPLIES RIGOROUS REAL ESTATE DEVELOPMENT METHODS WHILE CONSIDERING ALL THE FOUNDATIONAL ASSETS: SOCIAL, POLITICAL, ECONOMIC AND PHYSICAL, THAT ARE NECESSARY FOR COMMUNITIES TO THRIVE AND PROSPER. OUR ROLE IS TO SUPPORT AND SUPPLEMENT THE WORK OF EXISTING ORGANIZATIONS, BUILD UPON EXISTING COMMUNITY ASSETS, PROVIDE FUNDING, LEVERAGE RESOURES TO CLOSE FINANCING GAPS AND TO HELP EDUCATE AND MINIMIZE THE RISK FOR DEVELOPERS WHO WOULD OTHERWISE NOT INVEST IN THESE COMMUNITIES. MOREOVER, WE WORK HAND IN HAND WITH THE COMMUNITY TO IDENTIFY AND TRAIN COMMUNITY LEADERS TO EFFECTIVELY ADVOCATE FOR THEMSELVES BOTH NOW AND FOR FUTURE GENERATIONS.

    Expenses $724,727 · Grants $60,450 · Revenue $34,042

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

Listed in Part VII

  • Cammy Watkins

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Kemp

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Andrea Kathol

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Annette Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Pridal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Ralph Lassiter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Oj Spooner

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Buey Tut

    CHIEF EXECUTIVE OFFICER AS OF 8/1/23

    Total calculated
    $63,777
    From this org
    $56,842
    From related orgs
    $0
    Other
    $6,935
    Hours/week
    22 + 18 related

  • Angela Smith

    INTERIM CEO THROUGH 7/31/23

    Total calculated
    $137,881
    From this org
    $132,930
    From related orgs
    $0
    Other
    $4,951
    Hours/week
    22 + 18 related

  • Angel Starks

    DIRECTOR OF LEARNING AND DEVELOPMENT

    Total calculated
    $113,819
    From this org
    $105,256
    From related orgs
    $0
    Other
    $8,563
    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.

Grants on this return

  • SPARK CAPITAL

    $60,450

    TO PROVIDE FINANCIAL AND EDUCATIONAL SERVICES TO ECONOMICALLY DISTRESSED COMMUNITIES

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.

  • SPARK CAPITAL

    501(C)(3) · LOAN FUNDING · NE · controlled entity

    Directly controlled by SPARK

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.

  • FABRIC LLC

    HOLD AND MANAGE REAL ESTATE · NE · income -$24,311 · assets $600,217

    Directly controlled by SPARK

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443209349322924

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