Civic Intelligence

Spark Sf Public Schools

990 • Fiscal year 2018 • EIN 47-4568396

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

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

91st percentile

0.96x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.55x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

30th percentile

-1.2%

Higher net margin than 30% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

79th percentile

$303,229

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

99th percentile

862%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

95th percentile

137%

Faster revenue growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$9,971,978

Up $8,935,335 (+862%) from 2017

Net Assets

Down

$378,420

Down $584,377 (-61%) from 2017

Liabilities

Up

$9,593,558

Up $9,519,712 (+12891%) from 2017

Revenue

Up

$17,367,640

Up $10,051,310 (+137%) from 2017

Expenses

Up

$17,569,922

Up $7,062,258 (+67%) from 2017

Net Income

Up

-$202,282

Up $2,989,052 (+94%) from 2017

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

2018

Assets$9,971,978
Liabilities$9,593,558
Net Assets$378,420

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

2018

Revenue$17,367,640
Expenses$17,569,922
Net Income-$202,282
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$17,438,223
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$464,880$5,464,348▲ $4,999,468
Pledges and Grants Receivable$0$3,510,568▲ $3,510,568
Accounts Receivable$434,952$994,196▲ $559,244
Prepaid Expenses and Deferred Charges$136,811$2,866▼ $133,945
Savings and Temporary Cash Investments$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$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,036,643$9,971,978▲ $8,935,335
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$0$8,500,000▲ $8,500,000
Other Liabilities$0$1,063,651▲ $1,063,651
Deferred Revenue$73,846$0▼ $73,846
Accounts Payable and Accrued Expenses$0$29,907▲ $29,907
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$73,846$9,593,558▲ $9,519,712
Net Assets / Fund Balance
Unrestricted Net Assets$215,383$246,114▲ $30,731
Temporarily Rstr Net Assets$747,414$132,306▼ $615,108
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$962,797$378,420▼ $584,377
Total Liabilities and Net Assets / Fund Balance$1,036,643$9,971,978▲ $8,935,335
Compensation and Service Providers

Employees

NameTitleOtherTotal
viva mogiinterim president$102,570$102,570
Hydra Mendoza-mcdonnellDirector$9,066$9,066
Shamann WaltonDirector$9,066$9,066

Board Members and Trustees

NameTitle
Iris HuChair
Don Daves-rougeauxPresident
Gilman LouieVice Chair
Amy GraffDirector
Cheryl KingDirector
Karen SilvermanDirector
Mark ReisbaumDirector
Sylvia YeeDirector
Vincent MatthewsDirector
Myong LeighSecretary
Reeta MadhavanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,427,373
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-59,733
All Other Contributions
$17,073,458
Change in Net Assets
$-202,282
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$17,382,188
Other Expenses$187,734
Total Fundraising Expense$54,124
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$17,382,188--$17,382,188
Fees for Services Accounting-$91,001-$91,001
Fees for Services Other--$30,000$30,000
Advertising--$17,434$17,434
Insurance-$6,705-$6,705
Travel-$1,322-$1,322
All Other Expenses-$797-$797
Other Expenses-$475$6,690$475
Total Functional Expenses$17,382,188$133,610$54,124$17,569,922
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
SfusdSan Francisco, CACA govtTo support SFUSD programs$17,382,188
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$70,583
Fundraising Gross Income$10,850
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$336,765$10,850-$10,850
Total Events$336,765$10,850$70,583$-59,733
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$1,063,651
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 fy18, 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: - viva mogi 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. - 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 contributed 2.5% of her time in service as treasurer of the spark* sf public schools board of directors at no cost. - shamann walton contributed 0.625% of his time in service as a director of the spark* sf public schools board of directors at no cost. - hydra mendoza-mcdonnell contributed 0.625% of her time in service as a director of the spark* sf public schools board of directors at no cost. - vincent matthews contributed 0.625% of his time in service as a director of the spark* sf public schools board of directors at no cost. - don daves-rougeaux contributed 0.3125% of his time in service as president, term ending 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
% STEPHANIE LAM
Phone
4152415578
Address
555 franklin st 3rd floor, san francisco, CA 94102

Signing Officer

Name
Gentle Blythe
Title
President
Phone
4152415578
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gentle Blythe
Formed
2015
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
7
Employees
0
Volunteers
14

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.

Financial Statement Notes

part X, line 2

Gaap requires the organization to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon exanination by the applicable tax authority. The organization has reviewed its tax positions for all open tax years and believes that it has appropriate support for the tax positions taken. Therefore, no liability has been recorded.

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IRS990/Desc0THE ORGANIZATION FACILITATES DONATIONS AND GRANTS TO FINANCE PROGRAMS AIMED AT IMPROVING STUDENT ACHIEVEMENT WITHIN THE SAN FRANCISCO UNIFIED SCHOOL DISTRICT. THE ORGANIZATION PROVIDES FUNDING FOR INITIATIVES THROUGHOUT THE CITY'S PUBLIC SCHOOLS, ESPECIALLY RELATED TO THE CORE PRIORITY AREAS OF LEARNING, WELLNESS, TALENT, EQUITY, AND NEW & REIMAGINED SCHOOLS.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GAAP REQUIRES THE ORGANIZATION TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXANINATION BY THE APPLICABLE TAX AUTHORITY. THE ORGANIZATION HAS REVIEWED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS AND BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE TAX POSITIONS TAKEN. THEREFORE, NO LIABILITY HAS BEEN RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0part x, line 2

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