Civic Intelligence

Sparkjoy Foundation

990 • Fiscal year 2019 • EIN 47-1760883

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

4518 N 32nd StPhoenix, AZ 85018

(602) 955-4770

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

5th percentile

0.01x

Higher debt load relative to revenue than 5% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

99th percentile

90%

Higher net margin than 99% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

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

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

97th percentile

64%

Faster asset growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

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

Annualized from 2018 to 2019

Assets

Up

$54,895,006

Up $21,469,278 (+64%) from 2018

Net Assets

Up

$54,665,584

Up $21,239,856 (+64%) from 2018

Liabilities

Up

$229,422

Up $229,422 from 2018

Revenue

Up

$23,509,910

Up $26,111,306 (+1004%) from 2018

Expenses

Up

$2,270,055

Up $784,692 (+53%) from 2018

Net Income

Up

$21,239,855

Up $25,326,614 (+620%) from 2018

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2014: $10,044,611Liabilities 2014: $0Net Assets 2014: $10,044,6112014Assets 2015: $9,583,128Liabilities 2015: $0Net Assets 2015: $9,583,1282015Assets 2016: $9,271,522Liabilities 2016: $0Net Assets 2016: $9,271,5222016Assets 2017: $37,512,487Liabilities 2017: $0Net Assets 2017: $37,512,4872017Assets 2018: $33,425,728Liabilities 2018: $0Net Assets 2018: $33,425,7282018Assets 2019: $54,895,006Liabilities 2019: $229,422Net Assets 2019: $54,665,5842019Assets 2020: $79,750,837Liabilities 2020: $229,517Net Assets 2020: $79,521,3202020Assets 2021: $86,245,916Liabilities 2021: $11Net Assets 2021: $86,245,9052021Assets 2022: $66,303,674Liabilities 2022: $238Net Assets 2022: $66,303,4362022Assets 2023: $67,492,103Liabilities 2023: $462Net Assets 2023: $67,491,6412023Assets 2024: $71,773,420Liabilities 2024: $0Net Assets 2024: $71,773,4202024

Highlighted filing

2019

Assets$54,895,006
Liabilities$229,422
Net Assets$54,665,584

Operations Trend

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

$40M$20M$0-$20MRevenue 2014: $10,044,611Expenses 2014: $0Net Income 2014: $10,044,6112014Revenue 2015: $213,756Expenses 2015: $675,239Net Income 2015: -$461,4832015Revenue 2016: $258,390Expenses 2016: $569,996Net Income 2016: -$311,6062016Revenue 2017: $28,953,379Expenses 2017: $712,414Net Income 2017: $28,240,9652017Revenue 2018: -$2,601,396Expenses 2018: $1,485,363Net Income 2018: -$4,086,7592018Revenue 2019: $23,509,910Expenses 2019: $2,270,055Net Income 2019: $21,239,8552019Revenue 2020: $27,889,261Expenses 2020: $3,033,525Net Income 2020: $24,855,7362020Revenue 2021: $12,155,838Expenses 2021: $5,431,253Net Income 2021: $6,724,5852021Revenue 2022: $3,184,080Expenses 2022: $23,126,549Net Income 2022: -$19,942,4692022Revenue 2023: $7,209,300Expenses 2023: $6,368,954Net Income 2023: $840,3462023Revenue 2024: $9,328,928Expenses 2024: $5,057,149Net Income 2024: $4,271,7792024

Highlighted filing

2019

Revenue$23,509,910
Expenses$2,270,055
Net Income$21,239,855
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$48,346,262
Mission and Program Overview

Mission

Operate exclusively for charitable and educational purposes for the benefit of, to perform the functions of, and/or to carry out the puposes of the american foundation, inc., a arizona nonprofit corporation, which is exempt under ss 501 (1)(3) of the code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$33,413,579$54,883,266▲ $21,469,687
Cash and Non-Interest-Bearing Accounts$4,576$11,740▲ $7,164
Accounts Receivable$7,574$0▼ $7,574
Savings and Temporary Cash Investments-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$33,425,729$54,895,006▲ $21,469,277
Other Assets Total-$0-
Liabilities
Other Liabilities-$229,422-
Total Liabilities$0$229,422▲ $229,422
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$33,425,729$54,665,584▲ $21,239,855
Total Net Assets Fund Balance$33,425,729$54,665,584▲ $21,239,855
Total Liabilities and Net Assets / Fund Balance$33,425,729$54,895,006▲ $21,469,277
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mari Joyce SparkjoyPresident
Keith Allen SparkjoyVice President
Adam Scott RidingSecretary
K Donald EvansTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$18,974,050
Program Service Revenue
$0
Investment Income
$4,389,829
Other Revenue
$146,031
All Other Contributions
$18,974,050
Change in Net Assets
$21,239,855
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,329,593
Other Expenses$917,715
Salaries, Compensation, and Employee Benefits$22,747
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,329,593--$1,329,593
Fees for Service Investment Mgmnt Fees$165,871--$165,871
Advertising$163,566--$163,566
Interest$26,956--$26,956
Other Salaries and Wages$22,747--$22,747
Other Expenses$20,919--$20,919
All Other Expenses$16,931--$16,931
Fees for Services Legal$4,248--$4,248
Office Expenses$2,493--$2,493
Insurance$217--$217
Total Functional Expenses$2,270,055$0$0$2,270,055
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
Realized Gain Annual Record$229,422
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes

Governance Explanations

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

Review conducted by designated board members.

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

Available to the public on request

Filing and Contact Details

Filer

Filer Name
The Sparkjoy Foundation
EIN
47-1760883
Phone
6029554770
Address
4518 N 32ND ST, PHOENIX, AZ 85018

Signing Officer

Name
Adam Scott Riding
Title
Secretary
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
K Donald Evans
Formed
2014
Legal Domicile
Az
Voting Board Members
4
Independent Board Members
0
Employees
0

Preparer

Firm
Cross & Associates CPAs
Address
6412 South 900 East Suite 201, Salt Lake City, UT 84121
Preparer
Joshua Lakin CPA
Phone
8013131777
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ReturnHeader/ReturnTs02020-11-16T09:11:39-08:00
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ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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