Civic Intelligence

Ann Arbor Spark

990 • Fiscal year 2011 • EIN 38-2436899

Jan 01, 2011 to Dec 31, 2011 • Filed on Jun 20, 2012

Organization ProfileWWW.ANNARBORUSA.COM

View Organization Page

201 S Division St Suite 430Room/Suite 43048104
Siviq Scores

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

Liabilities / Assets

21st percentile

0.12x

Higher debt load relative to assets than 21% of similar nonprofits.

2011 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

87th percentile

20%

Faster asset growth than 87% of similar nonprofits.

2011 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$18,760,101

Up $3,126,900 (+20%) from 2010

Net Assets

Up

$16,461,171

Up $1,594,269 (+11%) from 2010

Liabilities

Up

$2,298,930

Up $1,532,631 (+200%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$3,229,454

Down $263,746 (-7.6%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$30M$20M$10M$0Assets 2010: $15,633,201Liabilities 2010: $766,299Net Assets 2010: $14,866,9022010Assets 2011: $18,760,101Liabilities 2011: $2,298,930Net Assets 2011: $16,461,1712011Assets 2012: $19,071,666Liabilities 2012: $1,201,677Net Assets 2012: $17,869,9892012Assets 2013: $21,049,825Liabilities 2013: $1,178,740Net Assets 2013: $19,871,0852013Assets 2014: $19,756,421Liabilities 2014: $342,592Net Assets 2014: $19,413,8292014Assets 2015: $15,745,733Liabilities 2015: $508,909Net Assets 2015: $15,236,8242015Assets 2016: $13,911,785Liabilities 2016: $679,490Net Assets 2016: $13,232,2952016Assets 2017: $12,949,911Liabilities 2017: $963,930Net Assets 2017: $11,985,9812017Assets 2018: $13,710,766Liabilities 2018: $1,302,074Net Assets 2018: $12,408,6922018Assets 2019: $13,747,838Liabilities 2019: $858,573Net Assets 2019: $12,889,2652019Assets 2020: $16,521,548Liabilities 2020: $759,203Net Assets 2020: $15,762,3452020Assets 2021: $15,665,812Liabilities 2021: $638,225Net Assets 2021: $15,027,5872021Assets 2022: $16,558,054Liabilities 2022: $2,596,111Net Assets 2022: $13,961,9432022Assets 2023: $13,599,567Liabilities 2023: $1,679,419Net Assets 2023: $11,920,1482023Assets 2024: $19,044,143Liabilities 2024: $5,627,948Net Assets 2024: $13,416,1952024

Highlighted filing

2011

Assets$18,760,101
Liabilities$2,298,930
Net Assets$16,461,171
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0-$10MExpenses 2010: $3,493,2002010Expenses 2011: $3,229,4542011Expenses 2012: $4,502,5732012Revenue 2013: $9,493,800Expenses 2013: $4,908,560Net Income 2013: $4,585,2402013Revenue 2014: $6,191,772Expenses 2014: $4,997,458Net Income 2014: $1,194,3142014Revenue 2015: $2,852,868Expenses 2015: $5,233,376Net Income 2015: -$2,380,5082015Revenue 2016: $3,547,755Expenses 2016: $5,626,230Net Income 2016: -$2,078,4752016Revenue 2017: $6,065,650Expenses 2017: $6,654,361Net Income 2017: -$588,7112017Revenue 2018: $5,891,018Expenses 2018: $6,517,754Net Income 2018: -$626,7362018Revenue 2019: $7,136,038Expenses 2019: $7,987,774Net Income 2019: -$851,7362019Revenue 2020: $20,798,132Expenses 2020: $18,797,874Net Income 2020: $2,000,2582020Revenue 2021: $11,784,140Expenses 2021: $13,583,079Net Income 2021: -$1,798,9392021Revenue 2022: $9,443,903Expenses 2022: $10,507,768Net Income 2022: -$1,063,8652022Revenue 2023: $8,451,260Expenses 2023: $9,490,354Net Income 2023: -$1,039,0942023Revenue 2024: $12,807,921Expenses 2024: $11,301,566Net Income 2024: $1,506,3552024

Highlighted filing

2011

Revenue-
Expenses$3,229,454
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Jun 20, 2012
Return Version
2011v1.2
Gross Receipts
$5,313,284
Mission and Program Overview

Mission

Ann arbor spark advances the region by encouraging and supporting business acceleration, attraction, expansion and retention. Our organization identifies and meets the needs of companies at every stage, from start-ups to large organizations. Ann arbor spark collaborates with business, academic, government and community investment partners to position the region as a destination for innovation.

Major Activities

Activity 2
The business expansion & attraction team collaborates with its economic development partners to provide targeted incentives and support for innovation-based businesses. Spark provides services to help with business retention, expansion and attraction to the ann arbor region. See above.
Activity 3
Spark central incubator located in downtown ann arbor offers an ideal location for launching, developing and growing your innovation-based company. Affordable office and meeting space, administrative support services and advanced communications technology. You'll also have access to mentoring, networking and educational events. Spark east business incubator located in ypsilanti, michigan, offers professional, staffed office facilities equipped with the latest technology without all the costly overhead expenses. Spark east also offers networking and educational events. And because the incubator is part of the new eastside innovation campus, tenants have access to an amazing array of business development centers, consulting expertise and educational programs. All concentrated within a two block area of downtown ypsilanti. See above.
Filing and Contact Details

Filer

EIN
38-2436899
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IRS990/ProgramServiceRevenue/BusinessCode0900099
IRS990/ProgramServiceRevenueCY03529232
IRS990/ProgramServiceRevenue/Description0ENTREPRENEUR INVESTMENTS AND
IRS990/ProgramServiceRevenuePriorYear06712616
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome03529232
IRS990/ProgramServiceRevenue/TotalRevenueColumn03529232
IRS990/ProhibitedTaxShelterTrans0false
IRS990/QuidProQuoContributions0false
IRS990/ReconcilationOtherChanges091440
IRS990/ReconcilationRevenueExpenses01502830
IRS990/RegularMonitoringEnforcement0true
IRS990/RelatedEntity0true
IRS990/RelatedOrganizations0229000
IRS990/RelatedOrgControlledEntity0true
IRS990/RentalIncomeOrLoss/Real0104537
IRS990/ReportFin48Footnote0false
IRS990/ReportInvestOthSecurities0false
IRS990/ReportLandBldgEquip0true
IRS990/ReportOtherAssets0false
IRS990/ReportOtherLiabilities0true
IRS990/ReportProgRelInvest0true
IRS990/RevenuesLessExpensesCY01502830
IRS990/RevenuesLessExpensesPriorYear03837181
IRS990/SalariesEtcCurrentYear01615128
IRS990/SalariesEtcPriorYear01641560
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired0true
IRS990ScheduleD/AgentTrusteeEtc0false
IRS990ScheduleD/AreRelatedOrgsListedScheduleR0false
IRS990ScheduleD/DisclosedForCharitablePurposes0false
IRS990ScheduleD/DisclosedOrgsLegalControl0false
IRS990ScheduleD/DonatedServicesUseOfFacilities040000
IRS990ScheduleD/DonatedSrvcAndUseOfFacilities040000
IRS990ScheduleD/EndowmentsHeldByRelatedOrgs0false
IRS990ScheduleD/EndowmentsHeldByUnrelatedOrgs0false
IRS990ScheduleD/Equipment/BookValue062980
IRS990ScheduleD/Equipment/Depreciation0314215
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis0377195
IRS990ScheduleD/ExcessOrDeficitForYear01502830
IRS990ScheduleD/ExcessOrDeficitPerFS01594270
IRS990ScheduleD/ExpensesNotRptdF990040000
IRS990ScheduleD/ExpensesSubtotal03229454
IRS990ScheduleD/IncludedOnFS0false
IRS990ScheduleD/InvestmentsProgramRelated/BookValue013417844
IRS990ScheduleD/InvestmentsProgramRelated/BookValue11881446
IRS990ScheduleD/InvestmentsProgramRelated/Description0MICHIGAN PRE-SEED CAPITAL FUND
IRS990ScheduleD/InvestmentsProgramRelated/Description1MICRO LOANS
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation0F
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation1F
IRS990ScheduleD/LeaseholdImprovements/BookValue04345
IRS990ScheduleD/LeaseholdImprovements/Depreciation0157209
IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis0161554
IRS990ScheduleD/NetUnrealizedGainsInvestments091440
IRS990ScheduleD/NetUnrealizedGLOnInvestments091440
IRS990ScheduleD/OtherLiabilities/Amount0103641
IRS990ScheduleD/OtherLiabilities/Description0ACCRUED LIABILITIES
IRS990ScheduleD/RevenueNotRptdF9900131440
IRS990ScheduleD/RevenueSubtotal04732284
IRS990ScheduleD/Sect170hRequirementsSatisfied0false
IRS990ScheduleD/SolicitedAssetsForSale0false
IRS990ScheduleD/TotalAdjustments091440
IRS990ScheduleD/TotalExpenses03229454
IRS990ScheduleD/TotalExpensesPerForm99003229454
IRS990ScheduleD/TotalOfAmounts0103641
IRS990ScheduleD/TotalOfBookValueLandBuildings067325
IRS990ScheduleD/TotalOfBookValueProgramRelated015299290
IRS990ScheduleD/TotalRevenue04732284
IRS990ScheduleD/TotalRevenuePerForm99004732284
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt03269454
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt04863724
IRS990ScheduleD/WrittenPolicyMonitoring0false
IRS990ScheduleJ/EquityBasedCompArrangement0false
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg0159375
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg1165577
IRS990ScheduleJ/Form990ScheduleJPartII/NameBusiness/BusinessNameLine10PAUL KRUTKO
IRS990ScheduleJ/Form990ScheduleJPartII/NameBusiness/BusinessNameLine11JOSEPH SIMMS
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg0159375
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg1165577
IRS990/ScheduleJRequired0true
IRS990ScheduleJ/SeverancePayment0false
IRS990ScheduleJ/SupplementalNonqualRetirePlan0false
IRS990ScheduleO/GeneralExplanation/Explanation0SPARK WILL BE THE DRIVING FORCE IN ESTABLISHING THE ANN ARBOR REGION AS A DESIRED PLACE FOR BUSINESS EXPANSION AND LOCATION...BY IDENTIFYING AND MEETING THE NEEDS OF BUSINESS AT EVERY STAGE, FROM THOSE THAT ARE ESTABLISHED TO THOSE WORKING TO SUCCESSFULLY COMMERCIALIZE INNOVATIONS.
IRS990ScheduleO/GeneralExplanation/Explanation1REVENUE IS RECOGNIZED AS INVESTMENTS AND LOANS ARE MADE.
IRS990ScheduleO/GeneralExplanation/Explanation2PROGRAMS. ALL CONCENTRATED WITHIN A TWO BLOCK AREA OF DOWNTOWN YPSILANTI. SEE ABOVE.
IRS990ScheduleO/GeneralExplanation/Explanation3TALENT SERVICES: ENHANCING THE REGIONAL TALENT POOL THROUGH EDUCATION, MENTORING, NETWORKING, AND RECRUITMENT IS PART OF THE OPEN SOURCE STRATEGY FOR ROBUST ECONOMIC DEVELOPMENT. IN 2010, WE OFFERED A DIVERSE LINE-UP OF EVENTS AND PROGRAMS GEARED TOWARD ENTREPRENEURS, AND JOB SEEKERS. MICHIGAN PRE- SEED CAPITAL FUND: SUPPORTS HIGH-TECH START-UP COMPANIES AS THEY NEAR COMMERCIAL VIABILITY BY PROVIDING ACCESS TO EARLY-STAGE CAPITAL INVESTMENT OR MICRO LOANS TO ACCELERATE COMPANY DEVELOPMENT. MICHIGAN EQUIPMENT DEPOT: ACCELERATE COMPANY COMMERCIALIZATION BY PROVIDING ACCESS TO PREVIOUSLY USED LABORATORY EQUIPMENT USEFUL & VALUABLE TO A START-UP COMPNAY'S PRODUCT RESEARCH, DEVELOPMENT AND MANUFACTURING. TRAVERWOOD WETLAB INCUBATOR:BOASTS STATE-OF-THE-ART LIFE SCIENCE AND BIOTECH RESEARCH SPACE IN ACOLLABORATIVE ENTREPRENEURIAL ENVIRONMENT WITH ESTABLISHED TENANTINTERACTION AND SUPPORT.
IRS990ScheduleO/GeneralExplanation/Explanation4THE ORGANIZATION INFORMS THE BOARD, EXECUTIVE COMMITTEE AND ADMINISTRATIVE COMMITTEE WHEN THE 990 IS AVAILABLE FOR VIEWING AND REVIEW.
IRS990ScheduleO/GeneralExplanation/Explanation5IF THERE IS A CONFLICT OF INTEREST THAT EXISTS, ANN ARBOR SPARK FOLLOWS UP WITH ITS BOARD OF DIRECTORS. THE BOARD DECIDES IF IT IS A CONFLICT AND THE PROCEDURES THAT WILL BE FOLLOWED.
IRS990ScheduleO/GeneralExplanation/Explanation6THE COMPENSATION COMMITTEE IS A PART OF THE BOARD THAT REVIEWS SALARY SURVEYS FOR THE INDUSTRY.
IRS990ScheduleO/GeneralExplanation/Explanation7THE COMPENSATION COMMITTEE IS A PART OF THE BOARD THAT REVIEWS SALARY SURVEYS FOR THE INDUSTRY.
IRS990ScheduleO/GeneralExplanation/Explanation8THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY , AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$18,760,101
Liabilities
$2,298,930
Net assets
$16,461,171
Revenue
-
Expenses
$3,229,454
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$19.0$5.63$13.4$12.8$11.3$1.51
2023Detailed filing. Detailed filing data is available for this year.$13.6$1.68$11.9$8.45$9.49$1.04
2022Detailed filing. Detailed filing data is available for this year.$16.6$2.60$14.0$9.44$10.5$1.06
2021Detailed filing. Detailed filing data is available for this year.$15.7$0.64$15.0$11.8$13.6$1.80
2020Detailed filing. Detailed filing data is available for this year.$16.5$0.76$15.8$20.8$18.8$2.00
2019Detailed filing. Detailed filing data is available for this year.$13.7$0.86$12.9$7.14$7.99$0.85
2018Detailed filing. Detailed filing data is available for this year.$13.7$1.30$12.4$5.89$6.52$0.63
2017Detailed filing. Detailed filing data is available for this year.$12.9$0.96$12.0$6.07$6.65$0.59
2016Detailed filing. Detailed filing data is available for this year.$13.9$0.68$13.2$3.55$5.63$2.08
2015Detailed filing. Detailed filing data is available for this year.$15.7$0.51$15.2$2.85$5.23$2.38
2014Detailed filing. Detailed filing data is available for this year.$19.8$0.34$19.4$6.19$5.00$1.19
2013Detailed filing. Detailed filing data is available for this year.$21.0$1.18$19.9$9.49$4.91$4.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$1.20$17.9$4.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$2.30$16.5$3.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$0.77$14.9$3.49