Civic Intelligence

The Spero Project Inc.

990 • Fiscal year 2022 • EIN 26-4035530

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 03, 2023

Organization Profilewww.thesperoproject.com

View Organization Page

P O Box 2243Oklahoma City, OK 73101

(405) 312-6705

Siviq Scores

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

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

22nd percentile

0.00x

Higher debt load relative to revenue than 22% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

19th percentile

-13%

Higher net margin than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

60th percentile

$80,744

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

7th percentile

-22%

Faster asset growth than 7% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

65th percentile

19%

Faster revenue growth than 65% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$1,186,148

Down $329,782 (-22%) from 2021

Net Assets

Down

$1,175,341

Down $318,448 (-21%) from 2021

Liabilities

Down

$10,807

Down $11,334 (-51%) from 2021

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin19th percentile

Revenue

Up

$2,460,091

Up $396,654 (+19%) from 2021

Expenses

Up

$2,778,539

Up $1,895,035 (+214%) from 2021

Net Income

Down

-$318,448

Down $1,498,381 (-127%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$3.0M$2.0M$1.0M$0Assets 2013: $103,905Liabilities 2013: $2,874Net Assets 2013: $101,0312013Assets 2014: $411,392Liabilities 2014: $8,363Net Assets 2014: $403,0292014Assets 2015: $287,084Liabilities 2015: $9,509Net Assets 2015: $277,5752015Assets 2016: $316,223Liabilities 2016: $3,296Net Assets 2016: $312,9272016Assets 2017: $190,648Liabilities 2017: $7,065Net Assets 2017: $183,5832017Assets 2018: $86,375Liabilities 2018: $6,849Net Assets 2018: $79,5262018Assets 2019: $261,562Liabilities 2019: $8,095Net Assets 2019: $253,4672019Assets 2020: $326,283Liabilities 2020: $12,427Net Assets 2020: $313,8562020Assets 2021: $1,515,930Liabilities 2021: $22,141Net Assets 2021: $1,493,7892021Assets 2022: $1,186,148Liabilities 2022: $10,807Net Assets 2022: $1,175,3412022Assets 2023: $1,270,896Liabilities 2023: $447,721Net Assets 2023: $823,1752023Assets 2024: $2,556,126Liabilities 2024: $1,322,079Net Assets 2024: $1,234,0472024

Highlighted filing

2022

Assets$1,186,148
Liabilities$10,807
Net Assets$1,175,341
Open 2022 Filing

Operations Trend

Revenue Growth65th percentile

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

$10M$5.0M$0-$5.0MRevenue 2013: $414,016Expenses 2013: $452,768Net Income 2013: -$38,7522013Revenue 2014: $711,838Expenses 2014: $409,840Net Income 2014: $301,9982014Revenue 2015: $296,468Expenses 2015: $421,922Net Income 2015: -$125,4542015Revenue 2016: $502,836Expenses 2016: $467,484Net Income 2016: $35,3522016Revenue 2017: $368,136Expenses 2017: $497,480Net Income 2017: -$129,3442017Revenue 2018: $382,164Expenses 2018: $486,221Net Income 2018: -$104,0572018Revenue 2019: $702,186Expenses 2019: $528,245Net Income 2019: $173,9412019Revenue 2020: $871,022Expenses 2020: $810,633Net Income 2020: $60,3892020Revenue 2021: $2,063,437Expenses 2021: $883,504Net Income 2021: $1,179,9332021Revenue 2022: $2,460,091Expenses 2022: $2,778,539Net Income 2022: -$318,4482022Revenue 2023: $3,351,059Expenses 2023: $3,676,682Net Income 2023: -$325,6232023Revenue 2024: $8,617,037Expenses 2024: $8,206,165Net Income 2024: $410,8722024

Highlighted filing

2022

Revenue$2,460,091
Expenses$2,778,539
Net Income-$318,448
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 3, 2023
Return Version
2022v5.0
Gross Receipts
$2,460,091
Mission and Program Overview

Mission

Provide supportive services to resettled refugees and asylum seekers in Oklahoma City. Educating the broader community about issues impacting refugees and asylum seekers.

Provide supportive services to resettled refugees and asylum seekers in Oklahoma City. Educating the broader community about issues impacting refugees and asylum seekers. Develop partnerships between the refugee, asylum-seeking communities and organizations

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,493,789$1,175,341▼ $318,448
Savings and Temporary Cash Investments$1,323,878$1,000,331▼ $323,547
Cash and Non-Interest-Bearing Accounts$190,770$160,584▼ $30,186
Land, Buildings, and Equipment, Net$1,282$23,609▲ $22,327
Prepaid Expenses and Deferred Charges-$1,624-
Total Assets$1,515,930$1,186,148▼ $329,782
Liabilities
Accounts Payable and Accrued Expenses$22,141$10,807▼ $11,334
Total Liabilities$22,141$10,807▼ $11,334
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,493,789$1,175,341▼ $318,448
Total Liabilities and Net Assets / Fund Balance$1,515,930$1,186,148▼ $329,782

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$23,609$17,191$40,800
Equipment-$34,200$34,200
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Brad BandyDirectorFT$80,744$80,744
Kim BandyAsst DirectorFT$45,000$45,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,459,182
Program Service Revenue
$0
Investment Income
$909
Other Revenue
$0
All Other Contributions
$2,459,182
Change in Net Assets
$-318,448
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,651,259
Other Expenses$1,070,587
Grants and Similar Amounts Paid$56,693
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,409,445--$1,409,445
Fees for Services Other$469,751--$469,751
All Other Expenses$343,098--$343,098
Current Officers, Directors, Trustees, and Key Employees$125,744--$125,744
Payroll Taxes$116,070--$116,070
Occupancy$78,530--$78,530
Grants to Domestic Orgs$56,693--$56,693
Fees for Services Accounting-$27,525-$27,525
Office Expenses$22,270--$22,270
Information Technology$19,591--$19,591
Fees for Services Legal$18,680--$18,680
Insurance$13,655--$13,655
Other Expenses$8,341--$8,341
Depreciation Depletion$6,223--$6,223
Travel$3,185--$3,185
Conferences and Meetings$256--$256
Total Functional Expenses$2,751,014$27,525$0$2,778,539
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

Officer directors etc family relationship Part VI line 2

“Brad Bandy and Kim Bandy are married.”

Form 990 governing body review Part VI line 11

“Form 990 was presented to board of directors for review before filing.”

Conflict of interest policy compliance Part VI line 12C

“Conflict of interest issues are discussed at regular board meetings, if needed.”

CEO executive director top management comp Part VI line 15A

“Board of directors meets regularly to discuss management compensation and utilizes data from other organizations for comparison.”

Other officer or key employee compensation Part VI line 15B

“All other officers and key employees serve without compensation.”

Governing documents etc available to public Part VI line 19

“Books and records are available during normal business hours upon reasonable request.”

Filing and Contact Details

Filer

Filer Name
The Spero Project Inc
EIN
26-4035530
Address
P O Box 2243, Oklahoma City, OK 73101

Signing Officer

Name
Kim Bandy
Title
CEO
Phone
4053126705
Signed
2023-11-03
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
Ok
Voting Board Members
7
Independent Board Members
7
Employees
60

Preparer

Firm
RL Cloud CPA Inc
Address
3201 NW 63rd Street, Oklahoma City, OK 73116
Preparer
Randall L Cloud
Phone
4056055311
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“See statement.”

List of other expenses Part IX line 24E

“See statement.”

Raw XML Appendix350 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0More than 370 students (pre-k to 12th) enrolled in the Spero Transitional Education Program (STEP) for full-day, educational programming in a culturally responsive setting for students living in temporary housing. Programming focused on English language acquisition, cultural orientation, and school readiness. More than 250 adults took English Language Learning classes across 6 classroom sites.Over 200 adults participated in life skills/employment skill programming including sewing, health education, and citizenship classes. Student Support programs had 5 sites and in addition to individualized tutoring, 102 students participating in Afterschool Programs and 53 students participating in Summer Programs.More than 1000 resettled individuals were provided community support such as: social services navigation assistance, access to medical and dental care and vaccines, mental health/adjustment support groups, transportation assistance, and translation
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Brad Bandy and Kim Bandy are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 was presented to board of directors for review before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conflict of interest issues are discussed at regular board meetings, if needed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board of directors meets regularly to discuss management compensation and utilizes data from other organizations for comparison.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All other officers and key employees serve without compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Books and records are available during normal business hours upon reasonable request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6See statement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7See statement.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01493789
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IRS990/TotalProgramServiceExpensesAmt02751014
IRS990/TotalReportableCompFromOrgAmt0125744
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02460091
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01186148
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/ProgramServicesAmt03185
IRS990/TravelGrp/TotalAmt03185
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
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IRS990/WebsiteAddressTxt0www.thesperoproject.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kim Bandy
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04053126705
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Spero Project Inc
ReturnHeader/Filer/BusinessNameControlTxt0SPER
ReturnHeader/Filer/EIN0264035530
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O Box 2243
ReturnHeader/Filer/USAddress/CityNm0Oklahoma City
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd073101
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201483459
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RL Cloud CPA Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03201 NW 63rd Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Oklahoma City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd073116
ReturnHeader/PreparerPersonGrp/PhoneNum04056055311
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Randall L Cloud
ReturnHeader/ReturnTs02023-11-13T16:27:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Kim
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Bandy
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,186,148
Liabilities
$10,807
Net assets
$1,175,341
Revenue
$2,460,091
Expenses
$2,778,539
Net income
-$318,448
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$1.32$1.23$8.62$8.21$0.41
2023Detailed filing. Detailed filing data is available for this year.$1.27$0.45$0.82$3.35$3.68$0.33
2022Detailed filing. Detailed filing data is available for this year.$1.19$0.01$1.18$2.46$2.78$0.32
2021Detailed filing. Detailed filing data is available for this year.$1.52$0.02$1.49$2.06$0.88$1.18
2020Detailed filing. Detailed filing data is available for this year.$0.33$0.01$0.31$0.87$0.81$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.25$0.70$0.53$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.09$0.01$0.08$0.38$0.49$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.19$0.01$0.18$0.37$0.50$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.31$0.50$0.47$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.28$0.30$0.42$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.41$0.01$0.40$0.71$0.41$0.30
2013Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.41$0.45$0.04