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← SPARK CAPITAL

Form 990 for tax year 2024

Filed by SPARK CAPITAL.

Totals

Total revenue
$1,944,808
Total expenses
$684,512
Contributions and grants received
$1,660,326
Grants paid
$0
Program service revenue
$147,312
Investment income
$137,170
Other revenue
$0
Total assets, end of year
$9,846,771
Total liabilities, end of year
$5,581,713
Net assets or fund balances, end of year
$4,265,058
Program services expenses (Part IX)
$560,833
Management and general expenses
$60,763
Fundraising expenses
$62,916
Program service expenses (Part III)
$560,833

Program services were 81.9% 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)

    $62,270

  • 1f · All other contributions, gifts and grants

    $1,598,056

  • 2a · Program service revenue: LOAN FUND FEES & INTER

    total $135,336 · related or exempt $135,336

  • 2b · Program service revenue: ACADEMY PARTICIPANT FE

    total $11,976 · related or exempt $11,976

  • 3 · Investment income

    total $137,170 · excluded $137,170

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $141,438 · program services $115,883 · management and general $12,555 · fundraising $13,000

  • 7 · Other salaries and wages

    total $273,406 · program services $224,006 · management and general $24,270 · fundraising $25,130

  • 8 · Pension plan contributions

    total $7,852 · program services $6,433 · management and general $697 · fundraising $722

  • 9 · Other employee benefits

    total $40,196 · program services $32,933 · management and general $3,568 · fundraising $3,695

  • 10 · Payroll taxes

    total $30,871 · program services $25,294 · management and general $2,740 · fundraising $2,837

  • 11b · Fees: legal

    total $860 · program services $705 · management and general $76 · fundraising $79

  • 11c · Fees: accounting

    total $23,183 · program services $18,994 · management and general $2,058 · fundraising $2,131

  • 11g · Fees: other

    total $50,829 · program services $41,645 · management and general $4,512 · fundraising $4,672

  • 12 · Advertising and promotion

    total $2,017 · program services $1,653 · management and general $179 · fundraising $185

  • 13 · Office expenses

    total $11,374 · program services $9,319 · management and general $1,010 · fundraising $1,045

  • 14 · Information technology

    total $14,359 · program services $11,764 · management and general $1,275 · fundraising $1,320

  • 16 · Occupancy

    total $16,581 · program services $13,585 · management and general $1,472 · fundraising $1,524

  • 19 · Conferences, conventions and meetings

    total $29,237 · program services $23,955 · management and general $2,595 · fundraising $2,687

  • 20 · Interest

    total $35,227 · program services $28,862 · management and general $3,127 · fundraising $3,238

  • 23 · Insurance

    total $5,100 · program services $4,178 · management and general $453 · fundraising $469

  • 24a · Other expenses: MEMBERSHIP DUES

    total $1,961 · program services $1,607 · management and general $174 · fundraising $180

  • 24b · Other expenses: OTHER FEES

    total $21 · program services $17 · management and general $2 · fundraising $2

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $333,470 · end of year $528,720

  • 2 · Savings and temporary cash investments

    beginning of year $3,163,877 · end of year $6,811,850

  • 4 · Accounts receivable

    beginning of year $28,758 · end of year $26,000

  • 13 · Investments: program-related

    beginning of year $1,237,528 · end of year $2,440,781

  • 15 · Other assets

    beginning of year $12,074 · end of year $39,420

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,919 · end of year $21,330

  • 23 · Secured mortgages and notes payable

    beginning of year $900,000 · end of year $900,000

  • 25 · Other liabilities

    beginning of year $311,317 · end of year $4,660,383

  • 27 · Net assets without donor restrictions

    beginning of year $3,531,471 · end of year $4,264,058

  • 28 · Net assets with donor restrictions

    end of year $1,000

Mission and programs · 2024

Mission

SPARK CAPITAL WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, SPARK AS A SUPPORTING ORGANIZATION. THE ORGANIZATION WILL PROVIDE FINANCIAL AND EDUCATIONAL SERVICES TO ECONOMICALLY DISTRESSED COMMUNITIES IN AND AROUND OMAHA, NEBRASKA AND COUNCIL BLUFFS, IOWA IN ORDER TO PROMOTE SOCIAL WELFARE AND TO COMBAT COMMUNITY DETERIORATION.

  • SPARK CAPITAL WILL ISSUE LOANS TO RECIPIENT ORGANIZATIONS TO FINANCE COMMUNITY DEVELOPMENT PROJECTS, INCLUDING AFFORDABLE HOUSING PROJECTS, COMMERCIAL PROJECTS AND COMMUNITY DEVELOPMENT PROJECTS (SUCH AS HEALTHCARE AND EDUCATIONAL FACILITIES). THESE COMMUNITY DEVELOPMENT ACTIVITIES WILL BE LOCATED IN, OR SERVE TO BENEFIT, ECONOMICALLY DISADVANTAGED AREAS IN AND AROUND OMAHA, NEBRASKA AND COUNCIL BLUFFS, IA. THE GOAL OF ALL FINANCE PROJECTS WILL BE TO CREATE COMMUNITY BENENFIT FOR THE TARGETED ECONOMICALLY DISADVANTAGED AREA, SUCH AS THROUGH FORMATION OF NEW BUSINESSES, JOB CREATION AND ACCESS TO AFFORDABLE HOUSING FOR RESIDENTS, OR THE FACILITATION OF POPULATION GROWTH.

    Expenses $515,238 · Revenue $135,336

  • EDUCATIONAL SERVICES WILL BE PROVIDED IN THE FORM OF TECHNICAL ASSISTANCE TO INDIVIDUALS SEEKING TO FORM ORGANIZATIONS AND ESTABLISHED ORGANIZATIONS THAT PLAN TO DEVELOP POOR AND DISTRESSED COMMUNITIES BY PROVIDING HOUSING AND AMENITIES FOR LOW- AND MODERATE-INCOME POPULATIONS. THROUGH SPARK CAPITAL'S PROVISION OF TECHNICAL ASSISTANCE, RECIPIENT INDIVIDUALS AND ORGANIZATIONS WILL BE BETTER EQUIPPED TO FORM COMMUNITY DEVELOPMENT PROJECTS IN THE TARGETED ECONOMICALLY DISADVANTAGED AREAS, RESULTING IN COMMUNITY BENEFIT.

    Expenses $45,595 · Revenue $11,976

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

Listed in Part VII

  • Suzi Sterba

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Daniel Padilla

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Oj Spooner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bridget Hadley

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Weston

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Louis Smith

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gabbie Kott-McCarty

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cristina Castro-Matukewicz

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Buey Ray Tut

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $148,980
    From this org
    $0
    From related orgs
    $141,672
    Other
    $7,308
    Hours/week
    18 + 22 related

  • Angela Smith

    SENIOR DIRECTOR

    Total calculated
    $141,897
    From this org
    $0
    From related orgs
    $136,500
    Other
    $5,397
    Hours/week
    18 + 22 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.

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.

  • SPARK

    501(C)(3) · CHAMPION COMMUNITY DEVELOPMENT AROUND OMAHA, NE AND COUNCIL BLUFFS, IA · NE

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

    REAL ESTATE HOLDING COMPANY · NE · income $0 · assets $0

    Directly controlled by SPARK

  • SPARKING DEVELOPMENT

    REAL ESTATE HOLDING COMPANY · NE · income $0 · assets $0

    Directly controlled by SPARK

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202523219349326292

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