Civic Intelligence

Sparc Endowment Fund Inc.

990 • Fiscal year 2015 • EIN 37-1232878

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 23, 2016

1 Sparc Center Plaza 232 Bruns LnSpringfield, IL 62702

(217) 793-2100

Siviq Scores

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

Liabilities / Assets

51st percentile

0.19x

Higher debt load relative to assets than 51% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

89th percentile

2.42x

Higher debt load relative to revenue than 89% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

46th percentile

$110,990

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 27.0% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

50th percentile

0.7%

Faster asset growth than 50% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

Up

$5,175,503

Up $104,735 (+2.1%) from 2012

Net Assets

Up

$4,182,342

Up $516,588 (+14%) from 2012

Liabilities

Down

$993,161

Down $411,853 (-29%) from 2012

Revenue

$410,409

No earlier filing loaded for comparison.

Expenses

Up

$358,029

Up $152,736 (+74%) from 2012

Net Income

$52,380

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $4,950,255Liabilities 2011: $1,422,158Net Assets 2011: $3,528,0972011Assets 2012: $5,070,768Liabilities 2012: $1,405,014Net Assets 2012: $3,665,7542012Assets 2015: $5,175,503Liabilities 2015: $993,161Net Assets 2015: $4,182,3422015Assets 2016: $5,550,345Liabilities 2016: $1,096,094Net Assets 2016: $4,454,2512016Assets 2017: $6,175,997Liabilities 2017: $1,277,784Net Assets 2017: $4,898,2132017Assets 2018: $6,190,600Liabilities 2018: $937,928Net Assets 2018: $5,252,6722018Assets 2019: $6,379,220Liabilities 2019: $1,190,219Net Assets 2019: $5,189,0012019Assets 2020: $7,440,972Liabilities 2020: $2,432,559Net Assets 2020: $5,008,4132020Assets 2021: $7,033,996Liabilities 2021: $2,548,276Net Assets 2021: $4,485,7202021Assets 2022: $6,881,515Liabilities 2022: $2,763,959Net Assets 2022: $4,117,5562022Assets 2023: $8,147,428Liabilities 2023: $4,097,174Net Assets 2023: $4,050,2542023Assets 2024: $8,362,424Liabilities 2024: $3,822,304Net Assets 2024: $4,540,1202024

Highlighted filing

2015

Assets$5,175,503
Liabilities$993,161
Net Assets$4,182,342

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $206,8172011Expenses 2012: $205,2932012Revenue 2015: $410,409Expenses 2015: $358,029Net Income 2015: $52,3802015Revenue 2016: $648,579Expenses 2016: $358,962Net Income 2016: $289,6172016Revenue 2017: $777,957Expenses 2017: $382,157Net Income 2017: $395,8002017Revenue 2018: $645,206Expenses 2018: $407,746Net Income 2018: $237,4602018Revenue 2019: $421,862Expenses 2019: $493,927Net Income 2019: -$72,0652019Revenue 2020: $388,347Expenses 2020: $489,658Net Income 2020: -$101,3112020Revenue 2021: $209,293Expenses 2021: $1,123,015Net Income 2021: -$913,7222021Revenue 2022: -$254,294Expenses 2022: $15,015Net Income 2022: -$269,3092022Revenue 2023: -$175,656Expenses 2023: $13,031Net Income 2023: -$188,6872023Revenue 2024: $297,987Expenses 2024: $16,063Net Income 2024: $281,9242024

Highlighted filing

2015

Revenue$410,409
Expenses$358,029
Net Income$52,380
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 23, 2016
Return Version
2014v6.0
Gross Receipts
$687,928
Mission and Program Overview

Mission

To receive/maintain funds of real or personal property and apply the income therefrom to support programs of sparc to improve the general welfare of persons with developmental disabilities.

To receive/maintain funds of real or personal property and apply the income therefrom to support programs of the assoc. For retarded citizens of spfld.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,442,847$3,530,396▲ $87,549
Investments Other Securities$1,004,609$1,070,340▲ $65,731
Cash and Non-Interest-Bearing Accounts$699,025$514,032▼ $184,993
Savings and Temporary Cash Investments$60,424$60,735▲ $311
Total Assets$5,206,905$5,175,503▼ $31,402
Liabilities
Mortgage Notes Payable Secured by Investment Property$940,081$905,212▼ $34,869
Accounts Payable and Accrued Expenses$175,344$87,949▼ $87,395
Total Liabilities$1,115,425$993,161▼ $122,264
Net Assets / Fund Balance
Unrestricted Net Assets$3,914,230$4,005,092▲ $90,862
Temporarily Rstr Net Assets$177,250$177,250→ $0
Total Net Assets Fund Balance$4,091,480$4,182,342▲ $90,862
Total Liabilities and Net Assets / Fund Balance$5,206,905$5,175,503▼ $31,402

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,158,575$1,741,198$3,899,773
Leasehold Improvements$464,718$501,550$966,268
Land$897,926-$897,926
Other Land Buildings$9,177-$9,177
Other Securities$25,952--
Compensation and Service Providers

Employees

NameTitleOtherTotal
GREG O'CONNORSecretary$110,990$110,990

Board Members and Trustees

NameTitle
Todd RettigPresident
Frank BuraskiVice President
David EdBoard Member
Ed BrooksBoard Member
Michelle ClatfelterBoard Member
Pat PhalenBoard Member
Shiela MackBoard Member
John HowerterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$58,854
Program Service Revenue
$0
Investment Income
$28,896
Other Revenue
$322,659
All Other Contributions
$58,854
Change in Net Assets
$52,380

Audited Revenue Reconciliation

Revenue per Audited Statements
$410,409
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$316,001
Total Revenue per Audited Statements
$726,410
Total Revenue per Form 990
$410,409
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$300,000
Other Expenses$58,029
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$300,000--$300,000
Other Expenses-$31,036-$31,036
Fees for Services Management-$23,993-$23,993
Fees for Services Other-$3,000-$3,000
Total Functional Expenses$300,000$58,029$0$358,029

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$635,548
Expenses per Audited Statements$358,029
Total Expenses per Form 990$358,029
Expenses Not Reported on Form 990$277,519
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Springfield ARC IncSpringfield, IL501(c)(3)To Fund the Services of Springfield Arc, Inc.$300,000
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
Audit committee
Yes
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

The form 990 was reviewed by the secretary and treasurer

Form 990, Part VI, Section C, line 19

Information will be made availabe upon written request

Filing and Contact Details

Filer

Filer Name
Sparc Endowment Fund Inc
EIN
37-1232878
Phone
2177932100
Address
1 SPARC CENTER PLAZA 232 BRUNS LN, SPRINGFIELD, IL 62702

Signing Officer

Name
Greg O'Connor
Title
Chief Executive Officer
Phone
2177932100
Signed
2016-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg O'Connor
Formed
1988
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
25

Preparer

Firm
Eck Schafer & Punke Llp
Address
227 South Seventh Street, Springfield, IL 62701
Preparer
Brent Leach
Phone
2175251111
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The Endowment Fund follows accounting principles generally accepted in the United States of America related to the accounting for uncertainty in income taxes which sets a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Tax positions for the open tax years as of June 30, 2015 were reviewed, and it was determined that no provision for uncertain tax positions is required.

Part XI, Line 2D - Other Adjustments:

Rental expenses on line 6b 277,519.

Part XII, Line 2D - Other Adjustments:

Rental expenses on line 6b 277,519.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02158575
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01741198
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03899773
IRS990ScheduleD/ExpensesNotReportedAmt0277519
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0358029
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0897926
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0897926
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0464718
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0501550
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0966268
IRS990ScheduleD/NetUnrealizedGainsInvstAmt038482
IRS990ScheduleD/OtherExpensesIncludedAmt0277519
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09177
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09177
IRS990ScheduleD/OtherRevenueAmt0277519
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt013603
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11030785
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt225952
IRS990ScheduleD/OtherSecuritiesGrp/Desc0SANGAMON COUNTY COMMUNITY FOUNDATION
IRS990ScheduleD/OtherSecuritiesGrp/Desc1VANGUARD INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2IBM INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/RevenueNotReportedAmt0316001
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0410409
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Endowment Fund follows accounting principles generally accepted in the United States of America related to the accounting for uncertainty in income taxes which sets a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Tax positions for the open tax years as of June 30, 2015 were reviewed, and it was determined that no provision for uncertain tax positions is required.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES ON LINE 6B 277,519.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES ON LINE 6B 277,519.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03530396
IRS990ScheduleD/TotalBookValueSecuritiesAmt01070340
IRS990ScheduleD/TotalExpensesPerForm990Amt0358029
IRS990ScheduleD/TotalRevenuePerForm990Amt0410409
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0726410
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0635548
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0300000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO FUND THE SERVICES OF SPRINGFIELD ARC, INC.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Springfield ARC Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0370717761
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01 SPARC CENTER PLAZA 232 BRUNS LN
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SPRINGFIELD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd062702
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grant funds are provided to supported organization to be used for the organization's exempt purpose.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED BY THE SECRETARY AND TREASURER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INFORMATION WILL BE MADE AVAILABE UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SPARC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0370717761
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HELP INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IMPROVE THEIR LIVES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt011a 509(a)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0232 BRUNS LANE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SPRINGFIELD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd062702
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0300000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1599820
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SPARC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1SPARC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0177250
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0177250
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05206905
IRS990/TotalAssetsEOYAmt05175503
IRS990/TotalAssetsGrp/BOYAmt05206905
IRS990/TotalAssetsGrp/EOYAmt05175503
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt058854
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058029
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0300000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0358029
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01115425
IRS990/TotalLiabilitiesEOYAmt0993161
IRS990/TotalLiabilitiesGrp/BOYAmt01115425
IRS990/TotalLiabilitiesGrp/EOYAmt0993161
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04091480
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04182342
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0300000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0351197
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0358

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