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Nonprofiteer
← SPARK NS INC

Form 990 for tax year 2023

Filed by SPARK NS INC.

Totals

Total revenue
$1,711,028
Total expenses
$1,473,982
Contributions and grants received
$1,711,028
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$564,863
Total liabilities, end of year
$327,817
Net assets or fund balances, end of year
$237,046
Program services expenses (Part IX)
$1,084,344
Management and general expenses
$389,638
Fundraising expenses
$0
Program service expenses (Part III)
$1,084,344

Program services were 73.6% 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

    $1,711,028

  • 1g · Noncash contributions included above

    $11,028

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $220,004 · program services $95,623 · management and general $124,381

  • 7 · Other salaries and wages

    total $339,852 · program services $310,711 · management and general $29,141

  • 9 · Other employee benefits

    total $15,190 · program services $13,091 · management and general $2,099

  • 10 · Payroll taxes

    total $39,938 · program services $28,879 · management and general $11,059

  • 11b · Fees: legal

    total $189,485 · program services $96,590 · management and general $92,895

  • 11c · Fees: accounting

    total $46,953 · management and general $46,953

  • 11g · Fees: other

    total $454,749 · program services $414,977 · management and general $39,772

  • 12 · Advertising and promotion

    total $12,444 · program services $10,149 · management and general $2,295

  • 13 · Office expenses

    total $28,899 · program services $19,011 · management and general $9,888

  • 16 · Occupancy

    total $84,163 · program services $61,915 · management and general $22,248

  • 17 · Travel

    total $38,870 · program services $30,638 · management and general $8,232

  • 22 · Depreciation, depletion and amortization

    total $339 · program services $339

  • 24e · All other expenses

    total $3,096 · program services $2,421 · management and general $675

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $186,123

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $106,678

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

    $9,485

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

    $339

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $9,146

  • 14 · Intangible assets

    beginning of year $0 · end of year $232,416

  • 15 · Other assets

    beginning of year $0 · end of year $30,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $327,817

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $237,046

Mission and programs · 2023

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.

  • DESIGNED AND IMPLEMENTED FIRST TRANSLATIONAL RESEARCH PROGRAM (2024-2025 TRANSLATIONAL RESEARCH COHORT 1), RECEIVED 47 APPLICATIONS THAT WERE REVIEWED AND 4 PROJECTS ACCEPTED INTO COHORT 1.

    Expenses $590,597

  • COMPLETED THE DISCOVERY, STRATEGY, AND PLANNING PHASE OF THE ELEARNING PLATFORM AND COMMENCED PHASE 1 (MVP) BUILD.

    Expenses $290,096

  • 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.

    Expenses $70,053

  • COMPLETED PUBLICATION OF THE SECOND EDITION OF THE SPARK DRUG DISCOVERY BOOK. PLANNING AND MATERIALS DEVELOPMENT THE INAUGURAL INTRODUCTION TO DRUG DEVELOPMENT COURSE.

    Expenses $133,598

As filed on the 2023 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

  • Stephen Karagotich

    EXECUTIVE DIRECTOR

    Total calculated
    $212,048
    From this org
    $204,654
    From related orgs
    $0
    Other
    $7,394
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,654
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,394
    Filer's total
    $212,048

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

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
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202403199349315050

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