Civic Intelligence

Operation Spark

990 • Fiscal year 2021 • EIN 47-1514606

Nov 01, 2020 to Oct 31, 2021 • Filed on Jun 01, 2022

P O Box 19924New Orleans, LA 70179

(504) 799-9925

Siviq Scores

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

Liabilities / Assets

68th percentile

0.21x

Higher debt load relative to assets than 68% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

64th percentile

0.19x

Higher debt load relative to revenue than 64% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

19th percentile

-5.1%

Higher net margin than 19% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

24th percentile

-0.8%

Faster asset growth than 24% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

14th percentile

-19%

Faster revenue growth than 14% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$2,623,999

Down $20,268 (-0.8%) from 2020

Net Assets

Down

$2,078,080

Down $145,912 (-6.6%) from 2020

Liabilities

Up

$545,919

Up $125,644 (+30%) from 2020

Revenue

Down

$2,866,020

Down $685,543 (-19%) from 2020

Expenses

Down

$3,011,932

Down $398,247 (-12%) from 2020

Net Income

Down

-$145,912

Down $287,296 (-203%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2015: $29,493Liabilities 2015: $5,403Net Assets 2015: $24,0902015Assets 2016: $143,695Liabilities 2016: $12,711Net Assets 2016: $130,9842016Assets 2017: $414,574Liabilities 2017: $23,200Net Assets 2017: $391,3742017Assets 2018: $1,827,355Liabilities 2018: $45,809Net Assets 2018: $1,781,5462018Assets 2019: $2,132,464Liabilities 2019: $90,448Net Assets 2019: $2,042,0162019Assets 2020: $2,644,267Liabilities 2020: $420,275Net Assets 2020: $2,223,9922020Assets 2021: $2,623,999Liabilities 2021: $545,919Net Assets 2021: $2,078,0802021Assets 2022: $2,414,215Liabilities 2022: $65,444Net Assets 2022: $2,348,7712022Assets 2023: $2,838,574Liabilities 2023: $367,736Net Assets 2023: $2,470,8382023Assets 2024: $2,713,733Liabilities 2024: $281,202Net Assets 2024: $2,432,5312024

Highlighted filing

2021

Assets$2,623,999
Liabilities$545,919
Net Assets$2,078,080

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $221,229Expenses 2015: $198,523Net Income 2015: $22,7062015Revenue 2016: $423,917Expenses 2016: $317,023Net Income 2016: $106,8942016Revenue 2017: $898,514Expenses 2017: $656,958Net Income 2017: $241,5562017Revenue 2018: $2,984,352Expenses 2018: $1,553,408Net Income 2018: $1,430,9442018Revenue 2019: $2,397,689Expenses 2019: $2,137,219Net Income 2019: $260,4702019Revenue 2020: $3,551,563Expenses 2020: $3,410,179Net Income 2020: $141,3842020Revenue 2021: $2,866,020Expenses 2021: $3,011,932Net Income 2021: -$145,9122021Revenue 2022: $3,015,485Expenses 2022: $2,744,795Net Income 2022: $270,6902022Revenue 2023: $2,797,943Expenses 2023: $2,675,876Net Income 2023: $122,0672023Revenue 2024: $2,527,377Expenses 2024: $2,565,684Net Income 2024: -$38,3072024

Highlighted filing

2021

Revenue$2,866,020
Expenses$3,011,932
Net Income-$145,912
Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Oct 31, 2021
Signed
Jun 1, 2022
Return Version
2020v4.0
Gross Receipts
$2,866,020
Mission and Program Overview

Mission

Operation Spark is opening a new door to prosperity for low-opportunity individuals by presenting the fastest route to a career in software development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,995,182$1,799,043▼ $196,139
Pledges and Grants Receivable$195,314$313,276▲ $117,962
Accounts Receivable$225,431$287,906▲ $62,475
Land, Buildings, and Equipment, Net$206,139$205,374▼ $765
Prepaid Expenses and Deferred Charges$12,150$12,150→ $0
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,644,267$2,623,999▼ $20,268
Other Assets Total$10,051$6,250▼ $3,801
Liabilities
Unsecured Notes Loans Payable$298,500$340,375▲ $41,875
Accounts Payable and Accrued Expenses$34,452$105,642▲ $71,190
Deferred Revenue$68,244$99,901▲ $31,657
Other Liabilities$19,079$1▼ $19,078
Total Liabilities$420,275$545,919▲ $125,644
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,449,794$1,464,334▲ $14,540
Net Assets With Donor Restrictions$774,198$613,746▼ $160,452
Total Net Assets Fund Balance$2,223,992$2,078,080▼ $145,912
Total Liabilities and Net Assets / Fund Balance$2,644,267$2,623,999▼ $20,268

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$88,576$70,421$158,997
Other Land Buildings$69,567$17,691$87,258
Leasehold Improvements$47,231$4,764$51,995
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
George MauerCTOFT$156,573-$156,573
John FraboniCEOFT$140,544$6,657$147,201
Donald StridacchioCOOFT$101,013$4,800$105,813

Board Members and Trustees

NameTitle
Allen SquareChairman
Jeffrey SerpasDirector
Myron L MitchellDirector
Veronica ReedDirector
Wes WithrowDirector
Adam HawfSecretary
Max GaudinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,759,192
Program Service Revenue
$1,104,458
Investment Income
$625
Other Revenue
$1,745
All Other Contributions
$1,399,433
Change in Net Assets
$-145,912

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,866,020
Total Revenue per Audited Statements
$2,866,020
Total Revenue per Form 990
$2,866,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,693,112
Other Expenses$1,247,320
Total Fundraising Expense$84,798
Grants and Similar Amounts Paid$71,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,066,053$137,426$58,488$1,261,967
Fees for Services Other$497,963$69,755-$567,718
Current Officers, Directors, Trustees, and Key Employees$176,947$59,678$17,647$254,272
Occupancy$36,750$113,250-$150,000
Information Technology$122,194$13,593-$135,787
Payroll Taxes$90,158$14,428$5,503$110,089
Advertising$29,087$44,008-$73,095
Grants to Domestic Individuals$71,500--$71,500
Other Employee Benefits$55,970$7,654$3,160$66,784
Depreciation Depletion$33,400$7,397-$40,797
Other Expenses$4,615$17,700-$22,315
All Other Expenses$18,076$1,683-$19,759
Insurance$1,519$17,293-$18,812
Office Expenses$4,383$12,214-$16,597
Total Functional Expenses$2,353,637$573,497$84,798$3,011,932

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,011,932
Total Expenses per Audited Statements$3,011,932
Total Expenses per Form 990$3,011,932
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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 6: Explanation of Classes of Members or Shareholder

The Organization has only one class of member.

Form 990, Part VI, Line 11B: Form 990 Review Process

Draft of document is provided for review and comment prior to filing.

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

Upon request

Filing and Contact Details

Filer

Filer Name
Operation Spark
EIN
47-1514606
Phone
5047999925
Address
P O Box 19924, New Orleans, LA 70179

Signing Officer

Name
John Fraboni
Title
CEO
Signed
2022-06-01
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
28
Volunteers
10

Preparer

Firm
John Wyatte Foard LLC
Address
3005 Magazine St Suite C, New Orleans, LA 70115
Preparer
John Foard
Phone
5043225437
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Accounting principles generally accepted in the United States of America provide accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. The Organization believes that it has appropriate support for any tax positions taken, and management has determined that there are no uncertain tax positions that are material to the financial statements.

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