Civic Intelligence

Sparc Group Cares Inc.

990 • Fiscal year 2020 • EIN 27-2040286

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 29, 2021

Organization ProfileN/A
100 West 33rd StreetNew York, NY 10001

(201) 508-5593

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2020 filings • NTEE P • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

42nd percentile

0.03x

Higher debt load relative to revenue than 42% of similar nonprofits.

2020 filings • NTEE P • $500k-$1M nonprofits • Source year 2020

Net Margin

3rd percentile

-106%

Higher net margin than 3% of similar nonprofits.

2020 filings • NTEE P • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE P • $500k-$1M nonprofits • Source year 2020

Asset Growth

10th percentile

-12%

Faster asset growth than 10% of similar nonprofits.

2020 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

41st percentile

-3.3%

Faster revenue growth than 41% of similar nonprofits.

2020 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$647,701

Down $89,327 (-12%) from 2019

Net Assets

Down

$644,701

Down $92,327 (-13%) from 2019

Liabilities

Up

$3,000

Up $3,000 from 2019

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin3rd percentile

Revenue

Down

$87,123

Down $3,014 (-3.3%) from 2019

Expenses

Up

$179,450

Up $111,647 (+165%) from 2019

Net Income

Down

-$92,327

Down $114,661 (-513%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$1.0M$500K$0Assets 2016: $818,112Liabilities 2016: $0Net Assets 2016: $818,1122016Assets 2017: $794,898Liabilities 2017: $0Net Assets 2017: $794,8982017Assets 2018: $714,694Liabilities 2018: $0Net Assets 2018: $714,6942018Assets 2019: $737,028Liabilities 2019: $0Net Assets 2019: $737,0282019Assets 2020: $647,701Liabilities 2020: $3,000Net Assets 2020: $644,7012020Assets 2021: $621,800Liabilities 2021: $10,572Net Assets 2021: $611,2282021Assets 2022: $614,506Liabilities 2022: $1,500Net Assets 2022: $613,0062022Assets 2023: $657,238Liabilities 2023: $1,625Net Assets 2023: $655,6132023Assets 2024: $667,126Liabilities 2024: $1,625Net Assets 2024: $665,5012024

Highlighted filing

2020

Assets$647,701
Liabilities$3,000
Net Assets$644,701
Open 2020 Filing

Operations Trend

Revenue Growth41st percentile

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

$300K$200K$100K$0-$100KRevenue 2016: $219,012Expenses 2016: $160,611Net Income 2016: $58,4012016Revenue 2017: $112,106Expenses 2017: $135,320Net Income 2017: -$23,2142017Revenue 2018: $88,997Expenses 2018: $169,201Net Income 2018: -$80,2042018Revenue 2019: $90,137Expenses 2019: $67,803Net Income 2019: $22,3342019Revenue 2020: $87,123Expenses 2020: $179,450Net Income 2020: -$92,3272020Revenue 2021: $123,137Expenses 2021: $156,610Net Income 2021: -$33,4732021Revenue 2022: $100,195Expenses 2022: $98,417Net Income 2022: $1,7782022Revenue 2023: $134,326Expenses 2023: $91,719Net Income 2023: $42,6072023Revenue 2024: $166,055Expenses 2024: $156,167Net Income 2024: $9,8882024

Highlighted filing

2020

Revenue$87,123
Expenses$179,450
Net Income-$92,327
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 29, 2021
Return Version
2020v4.0
Gross Receipts
$87,123
Mission and Program Overview

Mission

to operate exclusively for charitable purposes by providing SPARC Group LLC, Eddie Bauer LLC and Lucky OPCO LLC employees and their immediate families with financial assistance during times of extreme financial hardship and/or need resulting from a personal tragedy such as death in the family, catastrophic medical claim, fire, flood, earthquake and other disasters.

To Provide Emergency financial assistance to the employees of SPARC Group LLC and Lucky OPCO LLC

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$733,638$639,904▼ $93,734
Accounts Receivable$3,390$7,797▲ $4,407
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$737,028$647,701▼ $89,327
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$3,000-
Total Liabilities$0$3,000▲ $3,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$737,028$644,701▼ $92,327
Total Net Assets Fund Balance$737,028$644,701▼ $92,327
Total Liabilities and Net Assets / Fund Balance$737,028$647,701▼ $89,327
Compensation and Service Providers
Top Officer Pay44th percentile

Board Members and Trustees

NameTitle
Colette StanfordPresident
Robin SepeVice President
Christine AmentaDirector
Jason BennettDirector
Julie SedlockDirector
Karen WalterDirector
Kim FlorioDirector
Robert HernonAsst. Treasurer
Matthew MagnificoSecretary
Mark LaMorticellaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$87,004
Program Service Revenue
$0
Investment Income
$119
Other Revenue
$0
All Other Contributions
$87,004
Change in Net Assets
$-92,327

Audited Revenue Reconciliation

Revenue per Audited Statements
$87,123
Total Revenue per Audited Statements
$87,123
Total Revenue per Form 990
$87,123
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$167,595
Other Expenses$11,855
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$167,595--$167,595
Fees for Services Accounting-$7,000-$7,000
Advertising-$4,528-$4,528
Fees for Services Other-$327-$327
Total Functional Expenses$167,595$11,855$0$179,450

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$179,450
Total Expenses per Audited Statements$179,450
Total Expenses per Form 990$179,450
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
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

“A complete final draft copy of the form 990 is reviewed by sparc group cares' board of directors via email. This final form 990 is discussed at the next weekly telephone conference. Questions, comments, and corrections are communicated at this meeting for follow-up. Any final changes are communicated back to all board members. Subsequent to the revisions, the form 990 is filed.”

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

“Sparc group cares has a conflict of interest policy that requires that an interested person by definition must disclose and annually confirm that they have no financial interest, directly or indirectly, through business investment, or family with a related party. To ensure that the organization operates in a manner consistent with the conflict of interest policy, periodic reviews are conducted. At times these periodic reviews are conducted with the assistance of outside advisors.”

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

“All related documents available upon request.”

Filing and Contact Details

Filer

Filer Name
SPARC Group Cares Inc
EIN
27-2040286
Phone
2015085593
Address
100 West 33rd Street, New York, NY 10001

Signing Officer

Name
Mark LaMorticella
Title
Treasurer
Signed
2021-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark LaMorticella
Formed
2010
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
12

Preparer

Firm
Nawrocki Smith Llp
Address
290 BROADHOLLOW RD STE 115E, MELVILLE, NY 11747
Preparer
David Tellier
Phone
6317569500
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0733638
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0639904
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt087004
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt088817
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt087290
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0111856
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0218302
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0593269
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0119
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01320
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01707
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0250
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0710
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04106
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99310
IRS990ScheduleA/PublicSupportPY170Pct00.99400
IRS990ScheduleA/PublicSupportTotal170Amt0593269
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt087004
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt088817
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt087290
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0111856
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0218302
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0593269
IRS990ScheduleA/TotalSupportAmt0597375
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0179450
IRS990ScheduleD/RevenueSubtotalAmt087123
IRS990ScheduleD/TotalExpensesPerForm990Amt0179450
IRS990ScheduleD/TotalRevenuePerForm990Amt087123
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt087123
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0179450
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt027000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt118195
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt227000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt317463
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt477937
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Death of Employee Assistance
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Employee Death in Family Assistance
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2Employee Extreme Hardship Asst.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3Employee Emergency Medical Expenses
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt4COVID Assistance
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt17
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt29
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt310
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt4144
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SPARC Group Cares has a representative that generates reports detailing the activities of SPARC Group, such as applications received, grants approved, grants rejected, monies distributed, and contributions received. this representative oversees the program, including verifying that the distributions are used for their intended purposes.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COMPLETE FINAL DRAFT COPY OF THE FORM 990 IS REVIEWED BY SPARC GROUP CARES' BOARD OF DIRECTORS VIA EMAIL. THIS FINAL FORM 990 IS DISCUSSED AT THE NEXT WEEKLY TELEPHONE CONFERENCE. QUESTIONS, COMMENTS, AND CORRECTIONS ARE COMMUNICATED AT THIS MEETING FOR FOLLOW-UP. ANY FINAL CHANGES ARE COMMUNICATED BACK TO ALL BOARD MEMBERS. SUBSEQUENT TO THE REVISIONS, THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SPARC GROUP CARES HAS A CONFLICT OF INTEREST POLICY THAT REQUIRES THAT AN INTERESTED PERSON BY DEFINITION MUST DISCLOSE AND ANNUALLY CONFIRM THAT THEY HAVE NO FINANCIAL INTEREST, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS INVESTMENT, OR FAMILY WITH A RELATED PARTY. TO ENSURE THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH THE CONFLICT OF INTEREST POLICY, PERIODIC REVIEWS ARE CONDUCTED. AT TIMES THESE PERIODIC REVIEWS ARE CONDUCTED WITH THE ASSISTANCE OF OUTSIDE ADVISORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All related documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0813795831
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C Corp
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0RETAIL COMPANY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0SPARC Group LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0100 West 33rd Street 11th FL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd010001
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0737028
IRS990/TotalAssetsEOYAmt0647701
IRS990/TotalAssetsGrp/BOYAmt0737028
IRS990/TotalAssetsGrp/EOYAmt0647701
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt087004
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011855
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0167595
IRS990/TotalFunctionalExpensesGrp/TotalAmt0179450
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt03000
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt03000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0737028
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0644701

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$647,701
Liabilities
$3,000
Net assets
$644,701
Revenue
$87,123
Expenses
$179,450
Net income
-$92,327
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.67$0.02$6.66$1.66$1.56$0.10
2023Detailed filing. Detailed filing data is available for this year.$6.57$0.02$6.56$1.34$0.92$0.43
2022Detailed filing. Detailed filing data is available for this year.$6.15$0.02$6.13$1.00$0.98$0.02
2021Detailed filing. Detailed filing data is available for this year.$6.22$0.11$6.11$1.23$1.57$0.33
2020Detailed filing. Detailed filing data is available for this year.$6.48$0.03$6.45$0.87$1.79$0.92
2019Detailed filing. Detailed filing data is available for this year.$7.37$0.00$7.37$0.90$0.68$0.22
2018Detailed filing. Detailed filing data is available for this year.$7.15$0.00$7.15$0.89$1.69$0.80
2017Detailed filing. Detailed filing data is available for this year.$7.95$0.00$7.95$1.12$1.35$0.23
2016Detailed filing. Detailed filing data is available for this year.$8.18$0.00$8.18$2.19$1.61$0.58