Civic Intelligence

Spark Program Inc Previously Resonate Inc

990 • Fiscal year 2020 • EIN 20-1836547

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 13, 2020

67 E MadisonChicago, IL 60603

(312) 470-4300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.33x

Higher debt load relative to assets than 72% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

45th percentile

0.11x

Higher debt load relative to revenue than 45% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

13th percentile

-26%

Higher net margin than 13% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

83rd percentile

$146,211

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

1st percentile

-47%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

12th percentile

-37%

Faster revenue growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$725,756

Down $653,636 (-47%) from 2019

Net Assets

Down

$486,105

Down $562,400 (-54%) from 2019

Liabilities

Down

$239,651

Down $91,236 (-28%) from 2019

Revenue

Down

$2,152,047

Down $1,290,171 (-37%) from 2019

Expenses

Down

$2,715,696

Down $1,004,082 (-27%) from 2019

Net Income

Down

-$563,649

Down $286,089 (-103%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $393,777Liabilities 2011: $29,129Net Assets 2011: $364,6482011Assets 2012: $616,582Liabilities 2012: $25,638Net Assets 2012: $590,9442012Assets 2013: $508,083Liabilities 2013: $108,589Net Assets 2013: $399,4942013Assets 2015: $880,469Liabilities 2015: $66,805Net Assets 2015: $813,6642015Assets 2016: $2,466,758Liabilities 2016: $56,567Net Assets 2016: $2,410,1912016Assets 2017: $1,666,331Liabilities 2017: $88,073Net Assets 2017: $1,578,2582017Assets 2018: $1,582,675Liabilities 2018: $271,357Net Assets 2018: $1,311,3182018Assets 2019: $1,379,392Liabilities 2019: $330,887Net Assets 2019: $1,048,5052019Assets 2020: $725,756Liabilities 2020: $239,651Net Assets 2020: $486,1052020Assets 2021: $771,612Liabilities 2021: $312,731Net Assets 2021: $458,8812021Assets 2022: $540,092Liabilities 2022: $72,458Net Assets 2022: $467,6342022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2020

Assets$725,756
Liabilities$239,651
Net Assets$486,105

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,673,669Expenses 2011: $1,475,413Net Income 2011: $198,2562011Revenue 2012: $2,543,489Expenses 2012: $2,317,193Net Income 2012: $226,2962012Revenue 2013: $3,163,857Expenses 2013: $3,355,307Net Income 2013: -$191,4502013Revenue 2015: $3,844,628Expenses 2015: $3,428,451Net Income 2015: $416,1772015Revenue 2016: $5,505,461Expenses 2016: $3,890,090Net Income 2016: $1,615,3712016Revenue 2017: $3,620,512Expenses 2017: $4,467,351Net Income 2017: -$846,8392017Revenue 2018: $4,226,930Expenses 2018: $4,471,532Net Income 2018: -$244,6022018Revenue 2019: $3,442,218Expenses 2019: $3,719,778Net Income 2019: -$277,5602019Revenue 2020: $2,152,047Expenses 2020: $2,715,696Net Income 2020: -$563,6492020Revenue 2021: $1,810,870Expenses 2021: $1,841,047Net Income 2021: -$30,1772021Revenue 2022: $1,804,580Expenses 2022: $1,723,648Net Income 2022: $80,9322022Revenue 2023: $136,436Expenses 2023: $581,652Net Income 2023: -$445,2162023

Highlighted filing

2020

Revenue$2,152,047
Expenses$2,715,696
Net Income-$563,649
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 13, 2020
Return Version
2019v5.0
Gross Receipts
$2,152,047
Mission and Program Overview

Mission

Spark is the only youth empowerment program in the country that addresses the dropout crisis by re-engaging at-risk middle-school students through hands-on, individualized apprenticeships.

Spark engages communities to provide career exploration and self-discovery opportunities that help middle school students understand, experience and pursue what's possible

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,178,344$354,498▼ $823,846
Cash and Non-Interest-Bearing Accounts$48,100$321,437▲ $273,337
Prepaid Expenses and Deferred Charges$15,744$12,811▼ $2,933
Accounts Receivable$25,484$8,450▼ $17,034
Land, Buildings, and Equipment, Net$81,171$2,109▼ $79,062
Savings and Temporary Cash Investments$4$5▲ $1
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,379,392$725,756▼ $653,636
Other Assets Total$30,545$26,446▼ $4,099
Liabilities
Unsecured Notes Loans Payable$170,049$200,000▲ $29,951
Accounts Payable and Accrued Expenses$138,546$27,137▼ $111,409
Other Liabilities$22,292$12,514▼ $9,778
Total Liabilities$330,887$239,651▼ $91,236
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,058,973$406,216▼ $652,757
Net Assets Without Donor Restrictions$-10,468$79,889▲ $90,357
Total Net Assets Fund Balance$1,048,505$486,105▼ $562,400
Total Liabilities and Net Assets / Fund Balance$1,379,392$725,756▼ $653,636

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$343,381$343,381
Equipment$2,109$3,539$5,648
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robin KeefeCEOFT$146,211$146,211
Jeannette CastellanosCEOFT$114,881$114,881
Lance RussellCFOFT$11,682$11,682

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,909,335
Program Service Revenue
$242,712
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,735,631
Change in Net Assets
$-563,649

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,949,004
Revenue Not Reported on Financial Statements
$203,043
Revenue Not Reported on Form 990
$872,049
Other Revenue Adjustments
$203,043
Total Revenue per Audited Statements
$2,821,053
Total Revenue per Form 990
$2,152,047
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,811,051
Other Expenses$849,246
Total Fundraising Expense$601,594
Grants and Similar Amounts Paid$55,399
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$872,755$90,006$341,244$1,304,005
Current Officers, Directors, Trustees, and Key Employees$140,911$14,527$55,097$210,535
Fees for Services Other$67,143$89,175$19,538$175,856
Other Employee Benefits$110,161$9,662$33,613$153,436
Occupancy$114,440$12,932$25,273$152,645
Payroll Taxes$91,753$17,336$33,986$143,075
Fees for Services Accounting$57,927$48,859$28,440$135,226
Travel$108,342$5,374$1,514$115,230
Depreciation Depletion$64,454-$16,114$80,568
Grants to Domestic Orgs$55,399--$55,399
Information Technology$24,369$10,369$5,158$39,896
Insurance$13,034$9,135-$22,169
Other Expenses$13,116$5,612$418$19,146
Office Expenses$15,225$1,714$519$17,458
All Other Expenses$3,206$7,051$191$10,448
Advertising$1,038-$846$1,884
Total Functional Expenses$1,782,945$331,157$601,594$2,715,696

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,715,696
Total Expenses per Audited Statements$2,715,696
Total Expenses per Form 990$2,715,696
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Devices for StudentsSunnyvale, CA501(c)(3)-$55,399
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred rent$12,514
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BYTHE ORGANIZATION'S MANAGEMENT, A MEMBER OF THE BOARD OF DIRECTORS, AND THE Chief Executive Officer. AFTER A FULL REVIEW, THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY. A REPRESENTATIVE OF MANAGEMENT AUTHORIZES THE FINAL FORM 990 WHICH IS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members of the board of directors review all potential conflicts of interest atleast annually. All personnel and board members are required to disclose (inwriting) potential conflicts and any related party affiliations. Loans between theorganization and members of management and the board are strictly prohibited. Theorganization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Members of the board of directors review the compensation of all high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with best practices and the organization's policies and procedures.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation of other high-level personnel and key employees is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG (WHERE THEY ARE AVAILABLE FOR VIEWING AS ELECTRONIC COPIES) AND ARE ALSO AVAILABLE FOR A PHYSICAL INSPECTION AT THE ORGANIZATION'S OFFICEs IN CHICAGO, ILLINOIS AND SAN FRANCISCO, CALIFORNIA.

Filing and Contact Details

Filer

Filer Name
Spark Program Inc
EIN
20-1836547
Phone
3124704300
Address
67 E Madison, Chicago, IL 60603

Signing Officer

Name
Ben Rowe
Title
Treasurer
Signed
2020-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lance Russell
Formed
2004
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
55
Volunteers
940

Preparer

Firm
Regalia & Associates Cpas
Address
103 TOWN COUNTRY DR STE K, DANVILLE, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - Sublease Rental Expenses------------------------Allocable Rental expense $ 6,159Allocable Insurance expense 190Allocable Depreciation expense 1,613 --------Total allocable expenses $ 7,962 ========NOTE FOR 2018-------------One note for next year. We revised our mission statement with our whole rebranding. Therefore our FY18 (and going forward) 990 should have the new wording: Spark engages communities to provide career exploration and self-discovery opportunities that help middle school students understand, experience and pursue whats possible.

Other Changes In Net Assets Or Fund Balances - Other Increases

Change in unamortized discount = $16249

Other Changes In Net Assets Or Fund Balances - Other Decreases

In Kind expenses = -$15000

Financial Statement Notes

Part X : FIN48 Footnote

Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, Spark is required to report information regarding its exposure to various tax positions taken by Spark and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that Spark has adequately evaluated its current tax positions and has concluded that as of June 30,2020 Spark does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.Spark has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. The exemptions are subject to periodic review by the federal and state taxing authorities and management is confident that Spark continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. Spark may periodically receive unrelated business income (such as sublease rental income) requiring Spark to file separate tax returns under federal and state statutes. Under such conditions, Spark calculates and accrues the applicable taxes.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Net assets released from restrictions $872049 In-kind services $0

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Temp Restricted Contributions $203043

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IRS990/Desc0As young teens transition to young adults, its the best time to show them whats possible. Its also a time when 7th, 8th, and 9th grade students from underserved communities risk academic disengagement. Sparks proven model intervenes early to reach students in the middle grades at this critical inflection point. Spark emboldens students to succeed in high school and beyond by connecting them with mentors in leading workplaces and inspiring their academic journey.One-to-one mentorships are supplemented with skill building, workshops and resources for students and their families. Spark mentors and partners also benefit with volunteers gaining leadership experience, businesses connecting with local
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IRS990/InterestGrp/TotalAmt00
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IRS990/ProgSrvcAccomActy2Grp/Desc0communities and schools gaining experiential learning opportunities. Together, Spark and its partners empower the next generation to perform better in school, graduate on time and succeed in career and life.
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.14$0.58$0.45
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$0.07$0.47$1.80$1.72$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.31$0.46$1.81$1.84$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.73$0.24$0.49$2.15$2.72$0.56
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.33$1.05$3.44$3.72$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.27$1.31$4.23$4.47$0.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.67$0.09$1.58$3.62$4.47$0.85
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.47$0.06$2.41$5.51$3.89$1.62
2015Summary only. Only limited summary data is available for this year.$0.88$0.07$0.81$3.84$3.43$0.42
2013Summary only. Only limited summary data is available for this year.$0.51$0.11$0.40$3.16$3.36$0.19
2012Summary only. Only limited summary data is available for this year.$0.62$0.03$0.59$2.54$2.32$0.23
2011Summary only. Only limited summary data is available for this year.$0.39$0.03$0.36$1.67$1.48$0.20