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Nonprofiteer
← SPARK

Form 990 for tax year 2022

Filed by SPARK.

Totals

Total revenue
$853,160
Total expenses
$743,103
Contributions and grants received
$868,726
Grants paid
$28,000
Program service revenue
$0
Investment income
$1,788
Other revenue
-$17,354
Total assets, end of year
$2,864,842
Total liabilities, end of year
$51,037
Net assets or fund balances, end of year
$2,813,805
Program services expenses (Part IX)
$527,689
Management and general expenses
$171,198
Fundraising expenses
$44,216
Program service expenses (Part III)
$527,689

Program services were 71.0% 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)

    $32,825

  • 1f · All other contributions, gifts and grants

    $835,901

  • 3 · Investment income

    total $1,788 · excluded $1,788

  • 6a · Gross rents

    real property $26,125

  • 6b · Less rental expenses

    real property $50,048

  • 6c · Rental income or loss

    real property -$23,923

  • 6d · Net rental income or loss

    total -$23,923 · excluded -$23,923

  • 11a · Other revenue: MISCELLANEOUS

    total $6,569 · related or exempt $6,569

  • 11e · Other revenue, total

    $6,569

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $28,000 · program services $28,000

  • 5 · Compensation of officers, directors and key employees

    total $163,510 · program services $132,777 · management and general $19,041 · fundraising $11,692

  • 7 · Other salaries and wages

    total $276,347 · program services $224,406 · management and general $32,180 · fundraising $19,761

  • 8 · Pension plan contributions

    total $7,723 · program services $6,272 · management and general $899 · fundraising $552

  • 9 · Other employee benefits

    total $31,883 · program services $25,890 · management and general $3,713 · fundraising $2,280

  • 10 · Payroll taxes

    total $32,603 · program services $26,475 · management and general $3,797 · fundraising $2,331

  • 11b · Fees: legal

    total $4,673 · management and general $4,673

  • 11c · Fees: accounting

    total $30,453 · management and general $30,453

  • 11g · Fees: other

    total $31,555 · management and general $31,555

  • 12 · Advertising and promotion

    total $12,995 · management and general $12,995

  • 13 · Office expenses

    total $41,778 · program services $33,669 · management and general $5,024 · fundraising $3,085

  • 14 · Information technology

    total $17,404 · management and general $17,404

  • 16 · Occupancy

    total $30,841 · program services $24,855 · management and general $3,709 · fundraising $2,277

  • 17 · Travel

    total $6,839 · program services $5,512 · management and general $822 · fundraising $505

  • 19 · Conferences, conventions and meetings

    total $15,477 · program services $12,473 · management and general $1,861 · fundraising $1,143

  • 22 · Depreciation, depletion and amortization

    total $2,106 · management and general $2,106

  • 23 · Insurance

    total $6,946 · program services $5,598 · management and general $835 · fundraising $513

  • 24a · Other expenses: MEMBERSHIP DUES

    total $1,056 · program services $848 · management and general $131 · fundraising $77

  • 24b · Other expenses: PROJECT EXPENSE

    total $914 · program services $914

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $321,527 · end of year $355,794

  • 2 · Savings and temporary cash investments

    beginning of year $441,638 · end of year $849,859

  • 3 · Pledges and grants receivable

    beginning of year $1,000,000 · end of year $1,060,713

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

    $526,759

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

    $36,108

  • 10c · Land, buildings and equipment, net

    beginning of year $492,772 · end of year $490,651

  • 15 · Other assets

    beginning of year $214,126 · end of year $107,825

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,951 · end of year $29,279

  • 25 · Other liabilities

    beginning of year $1,000 · end of year $21,758

  • 27 · Net assets without donor restrictions

    beginning of year $469,519 · end of year $686,041

  • 28 · Net assets with donor restrictions

    beginning of year $1,977,593 · end of year $2,127,764

Mission and programs · 2022

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 $527,689 · Grants $28,000 · Revenue $6,569

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CARMEN TAPIO

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • ANDREA KATHOL

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • CAMMY WATKINS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • OJ SPOONER

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ANNETTE SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY PRIDAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ATHENA RAMOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMIE GRAYSON-BERGLUND

    EXECUTIVE DIRECTOR

    Total calculated
    $172,621
    From this org
    $144,826
    From related orgs
    $0
    Other
    $27,795
    Hours/week
    22 + 18 related

    Schedule J breakdown matched by us

    Base
    $138,735
    Bonus
    $6,091
    Other
    $0
    Deferred
    $4,487
    Nontaxable benefits
    $23,308
    Filer's total
    $172,621

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

None.

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

  • SPARK CAPITAL

    $28,000

    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 -$23,923 · assets $655,171

    Directly controlled by SPARK

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333199349312593

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