Civic Intelligence

Sparc Foundation Inc.

990 • Fiscal year 2018 • EIN 81-3036310

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

Organization ProfileTHESPARCFOUNDATION.ORG
PO Box 8879Asheville, NC 28814

(828) 552-3771

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.08x

Higher debt load relative to assets than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

43rd percentile

0.07x

Higher debt load relative to revenue than 43% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

50th percentile

3.1%

Higher net margin than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

99th percentile

435%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

50%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$85,550

Up $69,567 (+435%) from 2017

Net Assets

Up

-$6,927

Up $41,785 (+86%) from 2017

Liabilities

Up

$92,477

Up $27,782 (+43%) from 2017

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin50th percentile

Revenue

Up

$1,355,425

Up $453,881 (+50%) from 2017

Expenses

Up

$1,313,640

Up $363,384 (+38%) from 2017

Net Income

Up

$41,785

Up $90,497 (+186%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

2018

Assets$85,550
Liabilities$92,477
Net Assets-$6,927
Open 2018 Filing

Operations Trend

Revenue Growth88th percentile

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

2018

Revenue$1,355,425
Expenses$1,313,640
Net Income$41,785
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$1,355,425
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
Accounts Receivable-$64,884-
Cash and Non-Interest-Bearing Accounts$4,292$11,433▲ $7,141
Land, Buildings, and Equipment, Net$11,691$9,233▼ $2,458
Total Assets$15,983$85,550▲ $69,567
Liabilities
Other Liabilities$64,695$92,477▲ $27,782
Total Liabilities$64,695$92,477▲ $27,782
Net Assets / Fund Balance
Unrestricted Net Assets$-48,712$-6,927▲ $41,785
Total Net Assets Fund Balance$-48,712$-6,927▲ $41,785
Total Liabilities and Net Assets / Fund Balance$15,983$85,550▲ $69,567

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,590$3,060$7,650
Other Land Buildings$4,643$1,857$6,500
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Jackie LatekExecutive DiFT$75,000$75,000

Board Members and Trustees

NameTitle
Brent BaileyBoard Chair
Angela PittmanBoard Member
Jody StevensonBoard Member
Tracy NovakBoard Member
Veronica EdwardsBoard Treasu
Marlo SmithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,328,725
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$26,700
Change in Net Assets
$41,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,082,305
Other Expenses$231,335
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$884,813$31,704-$916,517
Payroll Taxes$72,343$8,741-$81,084
Occupancy$67,819$7,536-$75,355
Current Officers, Directors, Trustees, and Key Employees-$75,000-$75,000
Fees for Services Other$73,884--$73,884
Insurance$14,973$3,044-$18,017
Information Technology$15,243--$15,243
Office Expenses$7,688$3,567-$11,255
Other Employee Benefits$8,734$970-$9,704
Fees for Services Management$6,685$743-$7,428
All Other Expenses$5,626$121-$5,747
Advertising$2,508--$2,508
Depreciation Depletion$2,458--$2,458
Other Expenses$857$858-$1,715
Travel$1,065--$1,065
Total Functional Expenses$1,181,356$132,284$0$1,313,640
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$55,005
Mountain Biz Works$25,000
Payroll Taxes$12,472
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Phone
8285523771
Address
PO BOX 8879, ASHEVILLE, NC 28814

Signing Officer

Name
Jackie Latek
Title
Executive Director
Phone
8287760551
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jackie Latek
Formed
2016
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
56

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 4D

“Sparc foundation's mission was conducted and accomplished in keeping people”

Raw XML Appendix352 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-48712
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-6927
IRS990/TotalProgramServiceExpensesAmt01181356
IRS990/TotalReportableCompFromOrgAmt075000
IRS990/TotalRevenueGrp/ExclusionAmt026700
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01355425
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015983
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt085550
IRS990/TravelGrp/ProgramServicesAmt01065
IRS990/TravelGrp/TotalAmt01065
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-48712
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-6927
IRS990/USAddress/AddressLine1Txt0582 SANDHILL ROAD
IRS990/USAddress/CityNm0ASHEVILLE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028806
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0THESPARCFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JACKIE LATEK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08287760551
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPARC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SPAR
ReturnHeader/Filer/EIN0813036310
ReturnHeader/Filer/PhoneNum08285523771
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 8879
ReturnHeader/Filer/USAddress/CityNm0ASHEVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028814
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05AF8DC647E5110BB50A71806C0CB9E77B6B034C5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05AF8DC647E5110BB50A71806C0CB9E77B6B034C5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.27.224.182
ReturnHeader/FilingSecurityInformation/IPDt02019-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:13:49
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0463054896
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOLDSMITH MOLIS & GRAY PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt032 ORANGE ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ASHEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0288012914
ReturnHeader/PreparerPersonGrp/PhoneNum08282813161
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CRYSTAL Z GOLDSMITH CPA
ReturnHeader/ReturnTs02019-05-15T15:13:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$85,550
Liabilities
$92,477
Net assets
-$6,927
Revenue
$1,355,425
Expenses
$1,313,640
Net income
$41,785
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