Civic Intelligence

Sparc Endowment Fund Inc.

990 • Fiscal year 2023 • EIN 37-1232878

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

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

80th percentile

0.50x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

100th percentile

107%

Higher net margin than 100% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

66th percentile

$166,924

Higher top officer pay than 66% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

75th percentile

18%

Faster asset growth than 75% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Assets

Up

$8,147,428

Up $1,265,913 (+18%) from 2022

Net Assets

Down

$4,050,254

Down $67,302 (-1.6%) from 2022

Liabilities

Up

$4,097,174

Up $1,333,215 (+48%) from 2022

Revenue

Up

-$175,656

Up $78,638 (+31%) from 2022

Expenses

Down

$13,031

Down $1,984 (-13%) from 2022

Net Income

Up

-$188,687

Up $80,622 (+30%) from 2022

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

2023

Assets$8,147,428
Liabilities$4,097,174
Net Assets$4,050,254

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

2023

Revenue-$175,656
Expenses$13,031
Net Income-$188,687
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$801,758
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,547,872$4,330,969▼ $216,903
Investments Other Securities$1,876,668$2,035,682▲ $159,014
Accounts Receivable$386,316$1,686,716▲ $1,300,400
Cash and Non-Interest-Bearing Accounts$54,579$94,061▲ $39,482
Prepaid Expenses and Deferred Charges$16,080--
Total Assets$6,881,515$8,147,428▲ $1,265,913
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,402,805$2,266,456▼ $136,349
Other Liabilities$354,417$1,818,234▲ $1,463,817
Accounts Payable and Accrued Expenses$6,737$12,484▲ $5,747
Total Liabilities$2,763,959$4,097,174▲ $1,333,215
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,998,774$3,931,472▼ $67,302
Net Assets With Donor Restrictions$118,782$118,782→ $0
Total Net Assets Fund Balance$4,117,556$4,050,254▼ $67,302
Total Liabilities and Net Assets / Fund Balance$6,881,515$8,147,428▲ $1,265,913

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,656,921$2,603,108$5,260,029
Leasehold Improvements$670,307$987,393$1,657,700
Land$1,002,130-$1,002,130
Equipment$1,611$1,846$3,457
Other Securities$2,017,095--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steve NardulliChair
Brad WikeBoard Member
David EdBoard Member
Jim BremhorstBoard Member
Johnny WilliamsBoard Member
Katie RutledgeBoard Member
Linda JonesBoard Member
Mark BarthelBoard Member
Mary TraskBoard Member
Michelle ClatfelterBoard Member
Stephen MadoniaBoard Member
Tim RigbyBoard Member
Douglas McdonaldCEO
Chris LemmingSecretary
Dennis RyanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,407
Program Service Revenue
$0
Investment Income
$37,495
Other Revenue
$-218,558
All Other Contributions
$5,407
Change in Net Assets
$-188,687
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,031
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$13,031-$13,031
Total Functional Expenses$0$13,031$0$13,031
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$1,349,931
Due to Sparc$468,303
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 was reviewed by the secretary and treasurer.

Form 990, Part VI, Section C, Line 19

Information will be made available 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
Doug Mcdonald
Title
Chief Executive Officer
Phone
2177932100
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Mcdonald
Formed
1988
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Sikich LLC
Address
3051 HOLLIS DRIVE 3RD FLOOR, SPRINGFIELD, IL 62704
Preparer
Bridgette Mugge
Phone
2177933363
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Prior period adjustment -13,166.

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IRS990/OtherLiabilitiesGrp/BOYAmt0354417
IRS990/OtherLiabilitiesGrp/EOYAmt01818234
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt07269
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07269
IRS990/OtherRevenueTotalAmt07269
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016080
IRS990/PrincipalOfficerNm0DOUG MCDONALD
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07562
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-271865
IRS990/PYOtherExpensesAmt015015
IRS990/PYOtherRevenueAmt010009
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-269309
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt015015
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0-254294
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-188687
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-225827
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0370717761
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SPARC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02656921
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02603108
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05260029
IRS990ScheduleD/EquipmentGrp/BookValueAmt01611
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01846
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03457
IRS990ScheduleD/LandGrp/BookValueAmt01002130
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01002130
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0670307
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0987393
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01657700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0468303
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11349931
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SPARC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt018587
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt12017095
IRS990ScheduleD/OtherSecuritiesGrp/Desc0EN - COMMUNITY FOUNDATION LAND OF LINCOLN
IRS990ScheduleD/OtherSecuritiesGrp/Desc1EN INVESTMENT - INB
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04330969
IRS990ScheduleD/TotalBookValueSecuritiesAmt02035682
IRS990ScheduleD/TotalLiabilityAmt01818234
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0159839
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt07085
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DOUGLAS MCDONALD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0166924
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED BY THE SECRETARY AND TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INFORMATION WILL BE MADE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR PERIOD ADJUSTMENT -13,166.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0370717761
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HELP INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IMPROVE THEIR LIVES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0232 BRUNS LANE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SPRINGFIELD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd062702
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01

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