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Nonprofiteer
← THE SPERO PROJECT INC

Form 990 for tax year 2024

Filed by THE SPERO PROJECT INC.

Totals

Total revenue
$8,617,037
Total expenses
$8,206,165
Contributions and grants received
$8,610,245
Grants paid
$601,783
Program service revenue
$0
Investment income
$0
Other revenue
$6,792
Total assets, end of year
$2,556,126
Total liabilities, end of year
$1,322,079
Net assets or fund balances, end of year
$1,234,047
Program services expenses (Part IX)
$7,616,282
Management and general expenses
$556,097
Fundraising expenses
$33,786
Program service expenses (Part III)
$7,616,282

Program services were 92.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BRAD BANDY

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $91,856
    From this org
    $84,104
    From related orgs
    $0
    Other
    $7,752
    Hours/week
    40
  • KIM BANDY

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $158,222
    From this org
    $148,847
    From related orgs
    $0
    Other
    $9,375
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,847
    Bonus
    $0
    Other
    $0
    Deferred
    $4,465
    Nontaxable benefits
    $4,910
    Filer's total
    $158,222
  • ADAM KLUNZINGER

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • TRISHA HEDDLESTEN

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • ADIL BAYRAKTAR

    BOARD SECRETARY / TREASURER

    Total calculated
    $0
    Hours/week
    1
  • MIRANDA BERGMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BONNIE BLUMERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BAWI TLUANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BEZA YOSEF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · 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.

Provenance

Return type
form_990
Tax year
2024
Filed
22 October 2025
IRS schema version
2024v5.2
Source object
202522959349301952

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