Sparc Services

“Governing board review of form 990 prior to its filing with the irs, a copy of the final form 990 is provided to each board member for review.”

“Monitoring and enforcement of conflict of interest policy each voting member of the board of directors is required to complete a conflict of interest disclosure form. This information is reviewed by the board and appropriate restrictions are imposed as needed on any conflicted member.”

“Process for determining compensation the board of directors for the organization reviews annual compensation with outside sources, publications and takes into consideration changing market conditions to determine the compensation for officers and key employees. The board is completely separate from the officers and key employees whose compensation is determined by them.”

“Public availability of other documents the organization makes its governing documents, conflict of interest policy, financial statements and form 990 available to the general public upon request.”

“The following individuals are officers and volunteer board members of the related organizations. Hours devoted to the related organizations per week are as follows: (1) laura princiotta - chief executive officer of sparc philadelphia (8 hours per week) and the arc of philadelphia (4 hours per week) (2) nofre vaquer - chief operating officer of sparc philadelphia (8 hours per week) and the arc of philadelphia (4 hours per week) (3) david bright - board member of sparc philadelphia (2 hours per week) (4) norma carter - board member of sparc philadelphia (1 hour per week) and board member of the arc of philadelphia (1 hour per week) (5) michael weingram - board member of sparc philadelphia (1 hour per week) (6) gina fleming - conroller of sparc philadelphia(8 hours per week) and the arc of philadelphia (4 hours per week)”

“Form 990 is being amended to correct the classification of certian government contracts on form 990, part vii, statement of revenue. The following changes have been made to the return and are listed as follows: 1)form 990, part i, line 8 changed from $7,549,513 to $308,771 2)form 990, part i, line 9 changed from $2,646,121 to $9,886,863 3)form 990, part iii, statement of program service accomplishments - changed line 4a revenue from $0 to $3,364,391 4)form 990, part iii, statement of program service accomplishments - changed line 4b revenue from $2,646,121 to $3,842,320 5)form 990, part iii, statement of program service accomplishments - changed line 4c revenue from $0 to $2,680,152 6)form 990, part viii, statement of revenue - changed line 1e from $7,385,176 to $144,434 7)form 990, part viii, statement of revenue - changed line 1h from $7,549,513 to $308,771 8)form 990, part viii, statement of revenue - changed line 2g from $2,646,121 to $9,886,863 9)form 990, schedule a, part ii, support schedule for organizations described in section 170(b)(1)(a)(iv) and 170(b)(1)(a)(vi)- updated based on changes to 990 statement of revenue 10)form 990, schedule b - updated based on changes to 990 statement of revenue”

“Bad debt expense -34,969.”