Civic Intelligence

Spark Sf Public Schools

990 • Fiscal year 2016 • EIN 47-4568396

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2018

555 franklin st 3rd floorsan francisco, CA 94102

(415) 241-5578

Siviq Scores

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

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

6th percentile

0.00x

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

89th percentile

37%

Higher net margin than 89% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

84th percentile

$351,925

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

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

Source year 2016

Revenue Growth

Score unavailable

No value available

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

Source year 2016

Assets

$4,184,131

No earlier filing loaded for comparison.

Net Assets

$4,154,131

No earlier filing loaded for comparison.

Liabilities

$30,000

No earlier filing loaded for comparison.

Revenue

$11,080,759

No earlier filing loaded for comparison.

Expenses

$6,926,628

No earlier filing loaded for comparison.

Net Income

$4,154,131

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.

$20M$15M$10M$5.0M$0Assets 2016: $4,184,131Liabilities 2016: $30,000Net Assets 2016: $4,154,1312016Assets 2017: $1,036,643Liabilities 2017: $73,846Net Assets 2017: $962,7972017Assets 2018: $9,971,978Liabilities 2018: $9,593,558Net Assets 2018: $378,4202018Assets 2019: $6,120,873Liabilities 2019: $5,028,066Net Assets 2019: $1,092,8072019Assets 2020: $17,678,390Liabilities 2020: $15,594,067Net Assets 2020: $2,084,3232020Assets 2021: $15,254,604Liabilities 2021: $3,572,391Net Assets 2021: $11,682,2132021Assets 2022: $18,382,753Liabilities 2022: $11,232,067Net Assets 2022: $7,150,6862022Assets 2023: $14,148,030Liabilities 2023: $8,840,179Net Assets 2023: $5,307,8512023

Highlighted filing

2016

Assets$4,184,131
Liabilities$30,000
Net Assets$4,154,131

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2016: $11,080,759Expenses 2016: $6,926,628Net Income 2016: $4,154,1312016Revenue 2017: $7,316,330Expenses 2017: $10,507,664Net Income 2017: -$3,191,3342017Revenue 2018: $17,367,640Expenses 2018: $17,569,922Net Income 2018: -$202,2822018Revenue 2019: $12,439,203Expenses 2019: $11,724,816Net Income 2019: $714,3872019Revenue 2020: $17,916,626Expenses 2020: $16,926,509Net Income 2020: $990,1172020Revenue 2021: $27,199,561Expenses 2021: $17,601,671Net Income 2021: $9,597,8902021Revenue 2022: $17,752,171Expenses 2022: $22,283,698Net Income 2022: -$4,531,5272022Revenue 2023: $11,895,682Expenses 2023: $13,768,320Net Income 2023: -$1,872,6382023

Highlighted filing

2016

Revenue$11,080,759
Expenses$6,926,628
Net Income$4,154,131
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2018
Return Version
2015v3.0
Gross Receipts
$11,227,292
Mission and Program Overview

Mission

Spark* sf public shcools is a non-profit 501(c)(3)dedicated to building private philanthropic partnerships and financial support for the san francisco unified school district's (sfusd)mission to ensure each and every child receives the quality instruction and equitable support required to thrive inthe 21st century.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$2,320,747▲ $2,320,747
Pledges and Grants Receivable$0$1,863,384▲ $1,863,384
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$0$4,184,131▲ $4,184,131
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$30,000▲ $30,000
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$30,000▲ $30,000
Net Assets / Fund Balance
Temporarily Rstr Net Assets$0$3,835,478▲ $3,835,478
Unrestricted Net Assets$0$318,653▲ $318,653
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$0$4,154,131▲ $4,154,131
Total Liabilities and Net Assets / Fund Balance$0$4,184,131▲ $4,184,131
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jonathan GarciaCorp & Fdn Relation Manager$93,553$93,553
Matt HaneyDirector$15,452$15,452
Emily MuraseDirector$8,265$8,265

Board Members and Trustees

NameTitle
John KunzeChair
Laura MoranPresident
Gilman LouieVice Chair
Lisa VillarealVice Chair
Bob LinscheidDirector
Brenda WrightDirector
Diana CampoamorDirector
Kimberly WicoffDirector
Nancy BerglassDirector
Richard CarranzaDirector
Suzanne DiBiancaDirector
Sylvia YeeDirector
Myong LeighSecretary
Reeta MadhavanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,099,776
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-19,017
All Other Contributions
$10,787,193
Change in Net Assets
$4,154,131
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,880,625
Other Expenses$46,003
Total Fundraising Expense$4,430
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,880,625--$6,880,625
Other Expenses-$30,000-$30,000
Insurance-$6,254-$6,254
Advertising--$4,430$4,430
Fees for Services Other-$3,271-$3,271
Total Functional Expenses$6,880,625$41,573$4,430$6,926,628
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
san francisco education fundSan Francisco, CACA govtthe foundation only makes grants to the San Francisco Unified School District. The foundation's allocation committee arrives at tan amount that the foundation is able to allocate each year. The foundation maintains records to substantiate the allocation amount.$6,880,625
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$146,533
Fundraising Gross Income$127,516
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
spark gala$440,100$127,517$13,597$113,920
Total Events$440,100$127,517$146,534$-19,017
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A copy of the form 990 is provided to all directors of the organization prior to filing. The audit committee who has been charged with the responsibility of reviewing and approving the form 990 on behalf of the board reviews and approves the form 990 prior to it being filed. In addition, management of the organization reviews the completed form 990 and follows up with the tax return preparation firm to answer any questions prior to filing.

form 990, part VI, section B, line 12C

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy. Upon appointment, each director and executive officer of the organization signs a conflict of interest statement and disclosure form. To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, the board shall conduct periodic reviews.

form 990, part VI, section B line 15A and 15B COMPENSATION POLICY

The organization does not have any employees. None of the listed individuals received any compensation from the filing organization. During fy16, each was an employee of the san francisco unified school district, a related organization.

form 990, part VI, section C line 19

The governing documents, forms 990 (current and prior three years), and the conflict of interest policy are made available upon written or oral request at the organization's office.

PART VII, SECTION A.1A, column (E) and (F)

Reportable compensation and other compensation from related organizations do not relate to services provided to the organization but rather services provided to the related organization, SFUSD, other than as noted below: - Laura Moran performed 105 hours of work in service to Spark* SF Public Schools, at the cost of $13,400, reimbursed by Spark* SF Public Schools back to SFUSD. - Jonathan Garcia performed 105 hours of work in service to Spark* SF Public Schools, at the cost of $6,100, reimbursed by Spark* SF Public Schools back to SFUSD. - Myong Leigh contributed 2.5% of his time in service as Secretary of the Spark* SF Public Schools Board of Directors at no cost. - Reeta Madhavan 2.5% of her time in service as Treasurer of the Spark* SF Public Schools Board of Directors at no cost. - Richard Carranza 2.5% of his time in service as a Director of the Spark* SF Public Schools Board of Directors at no cost. - Emily Murase contributed 0.625% of her time in service as a Director of the Spark* SF Public Schools Board of Directors at no cost. - Matt Haney contributed 0.625% of his time in service as a Director of the Spark* SF Public Schools Board of Directors at no cost.

Filing and Contact Details

Filer

Filer Name
Spark Sf Public Schools
EIN
47-4568396
In Care Of
% JONATHAN GARCIA
Phone
4152415578
Address
555 franklin st 3rd floor, san francisco, CA 94102

Signing Officer

Name
Viva Mogi
Title
interim PRESIDENT
Phone
4152416121
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Viva Mogi
Formed
2015
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
10
Employees
0
Volunteers
31

Preparer

Firm
Seiler Llp
Address
THREE LAGOON DR STE 400, REDWOOD CITY, CA 94065
Preparer
Debra K Mccall
Phone
6503654646
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1 and Part III, Line 1

The organization is dedicated to conducting fundraising activities that benefit the san francisco unified school district (sfusd) and students of san francisco's public schools. The organization's mission and focus are to identify, cultivate and engage existing and potential strategic investors that want to partner with sfusd to strengthen the outcome of student achievement by aligning themselves with sfsud's strategic goals.

form 990, part IV, line 12A

the independent audit is in process AT THE TIME OF FILING THIS return.

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Peer Organizations

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