Civic Intelligence

Spark Sf Public Schools

990 • Fiscal year 2019 • EIN 47-4568396

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 13, 2020

135 Van Ness Ave Room 119San Francisco, CA 94102

(415) 241-5578

Siviq Scores

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

Liabilities / Assets

87th percentile

0.82x

Higher debt load relative to assets than 87% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.40x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

58th percentile

5.7%

Higher net margin than 58% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

88th percentile

$425,055

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

1st percentile

-39%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

-28%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$6,120,873

Down $3,851,105 (-39%) from 2018

Net Assets

Up

$1,092,807

Up $714,387 (+189%) from 2018

Liabilities

Down

$5,028,066

Down $4,565,492 (-48%) from 2018

Revenue

Down

$12,439,203

Down $4,928,437 (-28%) from 2018

Expenses

Down

$11,724,816

Down $5,845,106 (-33%) from 2018

Net Income

Up

$714,387

Up $916,669 (+453%) from 2018

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

2019

Assets$6,120,873
Liabilities$5,028,066
Net Assets$1,092,807

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

2019

Revenue$12,439,203
Expenses$11,724,816
Net Income$714,387
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 13, 2020
Return Version
2018v3.3
Gross Receipts
$12,439,203
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.

Expand financial investments to sfusd in key strategic priority areas including: learning, wellness, new and reimagined schools, cross-sector partnerships, and talent.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,464,348$4,652,203▼ $812,145
Pledges and Grants Receivable$3,510,568$1,109,474▼ $2,401,094
Accounts Receivable$994,196$359,196▼ $635,000
Prepaid Expenses and Deferred Charges$2,866$0▼ $2,866
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$9,971,978$6,120,873▼ $3,851,105
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$8,500,000$4,680,870▼ $3,819,130
Other Liabilities$1,063,651$347,196▼ $716,455
Accounts Payable and Accrued Expenses$29,907$0▼ $29,907
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$9,593,558$5,028,066▼ $4,565,492
Net Assets / Fund Balance
Temporarily Rstr Net Assets$132,306$759,705▲ $627,399
Unrestricted Net Assets$246,114$333,102▲ $86,988
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$378,420$1,092,807▲ $714,387
Total Liabilities and Net Assets / Fund Balance$9,971,978$6,120,873▼ $3,851,105
Compensation and Service Providers

Employees

NameTitleOtherTotal
Hydra Mendoza-mcdonnellDirector$11,028$11,028

Board Members and Trustees

NameTitle
Iris HuChair
Viva MogiInterim President
Gentle BlythePresident
Gilman LouieVice Chair
Amy GraffDirector
Cheryl KingDirector
Karen SilvermanDirector
Mark ReisbaumDirector
Sylvia YeeDirector
Vincent MatthewsDirector
Stevon CookDirector (effective 1/2019)
Myong LeighSecretary
Reeta MadhavanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$12,388,196
Program Service Revenue
$0
Investment Income
$2,622
Other Revenue
$48,385
All Other Contributions
$12,355,696
Change in Net Assets
$714,387

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,439,203
Revenue Not Reported on Form 990
$403,578
Total Revenue per Audited Statements
$12,842,781
Total Revenue per Form 990
$12,439,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$11,609,667
Other Expenses$115,149
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$11,609,667--$11,609,667
Fees for Services Accounting-$45,400-$45,400
Fees for Services Other-$28,100-$28,100
Insurance-$5,654-$5,654
All Other Expenses-$3,356-$3,356
Other Expenses-$1,294-$1,294
Office Expenses-$435-$435
Total Functional Expenses$11,609,667$115,149$0$11,724,816

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,128,394
Expenses per Audited Statements$11,724,816
Total Expenses per Form 990$11,724,816
Expenses Not Reported on Form 990$403,578
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
SfusdSan Francisco, CA115To Support Sfusd Programs$11,609,667
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
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$347,196
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 fy19, 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.

FORM 990, PART VII, SECTION A, LINE 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. - gentle blythe contributed 5% of her time in service as president of the spark* sf public schools board of directors at no cost. - myong leigh contributed 0.25% of his time in service as secretary of the spark* sf public schools board of directors at no cost. - reeta madhavan contributed 0.25% of her time in service as treasurer of the spark* sf public schools board of directors at no cost. - vincent matthews contributed 0.25% of his time in service as a director of the spark* sf public schools board of directors at no cost. - hydra mendoza-mcdonnell contributed 4.76% of her time in service as a director of the spark* sf public schools board of directors at no cost. - stevon cook contributed 4.76% 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
% STEPHANIE LAM
Phone
4152415578
Address
135 VAN NESS AVE ROOM 119, SAN FRANCISCO, CA 94102

Signing Officer

Name
Gentle Blythe
Title
President
Phone
4152415578
Signed
2020-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gentle Blythe
Formed
2015
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
7
Employees
0
Volunteers
11

Preparer

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

Financial Statement Notes

Sch D, Part X, Line 2

The organization evaluates tax positions taken by the organization and recognizes a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination 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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