Civic Intelligence

Sparc Foundation Inc.

990 • Fiscal year 2017 • EIN 81-3036310

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 01, 2017

Organization ProfileTHESPARCFOUNDATION.ORG
PO Box 8879Asheville, NC 28814

(828) 785-4100

Siviq Scores

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

Liabilities / Assets

99th percentile

4.05x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

60th percentile

0.07x

Higher debt load relative to revenue than 60% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

26th percentile

-5.4%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

Score unavailable

No value available

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

Source year 2017

Revenue Growth

Score unavailable

No value available

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

Source year 2017

Balance Sheet
Liabilities / Assets99th percentile

Assets

$15,983

No earlier filing loaded for comparison.

Net Assets

-$48,712

No earlier filing loaded for comparison.

Liabilities

$64,695

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin26th percentile

Revenue

$901,544

No earlier filing loaded for comparison.

Expenses

$950,256

No earlier filing loaded for comparison.

Net Income

-$48,712

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$400K$200K$0-$200KAssets 2017: $15,983Liabilities 2017: $64,695Net Assets 2017: -$48,7122017Assets 2018: $85,550Liabilities 2018: $92,477Net Assets 2018: -$6,9272018Assets 2019: $114,573Liabilities 2019: $90,046Net Assets 2019: $24,5272019Assets 2020: $356,552Liabilities 2020: $326,685Net Assets 2020: $29,8672020Assets 2021: $234,429Liabilities 2021: $115,185Net Assets 2021: $119,2442021Assets 2022: $172,946Liabilities 2022: $114,565Net Assets 2022: $58,3812022Assets 2023: $201,886Liabilities 2023: $137,195Net Assets 2023: $64,6912023Assets 2024: $279,955Liabilities 2024: $189,722Net Assets 2024: $90,2332024

Highlighted filing

2017

Assets$15,983
Liabilities$64,695
Net Assets-$48,712
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $901,544Expenses 2017: $950,256Net Income 2017: -$48,7122017Revenue 2018: $1,355,425Expenses 2018: $1,313,640Net Income 2018: $41,7852018Revenue 2019: $1,500,079Expenses 2019: $1,468,625Net Income 2019: $31,4542019Revenue 2020: $1,448,471Expenses 2020: $1,420,449Net Income 2020: $28,0222020Revenue 2021: $1,476,993Expenses 2021: $1,387,616Net Income 2021: $89,3772021Revenue 2022: $1,532,955Expenses 2022: $1,593,818Net Income 2022: -$60,8632022Revenue 2023: $2,033,009Expenses 2023: $2,026,699Net Income 2023: $6,3102023Revenue 2024: $2,047,822Expenses 2024: $2,112,211Net Income 2024: -$64,3892024

Highlighted filing

2017

Revenue$901,544
Expenses$950,256
Net Income-$48,712
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 1, 2017
Return Version
2016v3.0
Gross Receipts
$901,544
Mission and Program Overview

Mission

Sparc foundation's mission is to work to keep people out of unnecessary and expensive institutional settings.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$11,691-
Cash and Non-Interest-Bearing Accounts-$4,292-
Total Assets$0$15,983▲ $15,983
Liabilities
Other Liabilities-$64,695-
Total Liabilities$0$64,695▲ $64,695
Net Assets / Fund Balance
Unrestricted Net Assets-$-48,712-
Total Net Assets Fund Balance$0$-48,712▼ $48,712
Total Liabilities and Net Assets / Fund Balance$0$15,983▲ $15,983

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,120$1,530$7,650
Other Land Buildings$5,571$929$6,500
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Jackie LatekExecutive DiFT$62,500$62,500

Board Members and Trustees

NameTitle
Angela PittmanChairman
Brent BaileyBoard Member
Marlo SmithSecretary
Jody StevensonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$901,544
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-48,712
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$816,556
Other Expenses$133,700
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$671,397$18,536-$689,933
Payroll Taxes$57,211$6,912-$64,123
Current Officers, Directors, Trustees, and Key Employees-$62,500-$62,500
Occupancy$20,206$2,245-$22,451
Insurance$16,571$3,797-$20,368
Office Expenses$14,735$5,047-$19,782
Information Technology$10,453--$10,453
Fees for Services Other$7,325--$7,325
All Other Expenses$5,161$953-$6,114
Fees for Services Management$3,273$396-$3,669
Depreciation Depletion$2,459--$2,459
Other Expenses$2,370--$2,370
Travel$1,543--$1,543
Total Functional Expenses$849,870$100,386$0$950,256
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
The Sparc Network LLC$64,695
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The board reviews the 990 prior to filing.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Sparc Foundation Inc
EIN
81-3036310
Address
PO BOX 8879, ASHEVILLE, NC 28814

Signing Officer

Name
Jackie Latek
Title
Executive Director
Phone
8287760551
Signed
2017-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jackie Latek
Formed
2016
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
16

Preparer

Firm
Goldsmith Molis & Gray Pllc
Address
32 ORANGE ST, ASHEVILLE, NC 28801-2914
Preparer
Crystal Z Goldsmith CPA
Phone
8282813161
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 2

“N/a: sparc foundation, inc. Was organized in the current year.”

Raw XML Appendix309 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,983
Liabilities
$64,695
Net assets
-$48,712
Revenue
$901,544
Expenses
$950,256
Net income
-$48,712
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.19$0.09$2.05$2.11$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.20$0.14$0.06$2.03$2.03$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.17$0.11$0.06$1.53$1.59$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.23$0.12$0.12$1.48$1.39$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.36$0.33$0.03$1.45$1.42$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.11$0.09$0.02$1.50$1.47$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.09$0.09$0.01$1.36$1.31$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.06$0.05$0.90$0.95$0.05