Spark

“Spark will provide a complete copy of form 990 in electronic format via email to all board members for their review, prior to filing the form 990 with the irs.”

“Each board member is required to complete a conflict of interest form. Board members also openly and regularly disclose conflicts and recuse themselves from discussion and voting as appropriate.”

“The spark board of directors established a search committee, in part comprised of members with substantial experience in hiring and deciding the compensation levels of executive directors similarly situated. In addition, an inquiry was made on the existing salary level of the executive director before an offer of compensation was made. The indicated salary level fell within a reasonable range discussed by the committee.”

“Upon request, spark's board of directors and executive director are available to provide governing documents and financial statements to the public.”

“Information technology: program service expenses 0. Management and general expenses 2,780. Fundraising expenses 0. Total expenses 2,780. Technical assistance: program service expenses 0. Management and general expenses 109,000. Fundraising expenses 0. Total expenses 109,000. Other: program service expenses 0. Management and general expenses 502. Fundraising expenses 0. Total expenses 502.”

“This return is being amended to separate the supporting organization, spark capital, from spark itself and to report the spark capital activity on its own form 990. The form 990 for spark was inadvertently prepared as if the two organizations were one. In addition to changes in revenue and expenses and the balance sheet, the following responses have been changed: form 990, part iv, line 12a- the organization did not obtain separate financial statements. The answer to this question has been changed to 'no and schedule d, parts xi and xii have not been completed. Form 990, part iv, line 21- the organization made a contribution to spark capital, as such the answer to this question has been changed to 'yes and schedule i has been completed. Form 990, part iv, line 34- the organization is related to a tax-exempt entity so the answer to this question has been changed to 'yes and schedule r has been completed. Form 990, part iv, line 35a- spark capital is a controlled entity of spark. As such, the answer to this question has been changed to 'yes'. Form 990, part iv, line 35b- the answer to this question has been changed to 'yes'. Form 990, part xii, line 2a- the organization's financial statements were reviewed by an independent accountant. However, this was done on a 'consolidated basis' rather than a 'separate basis'. Schedule a, part ii has been updated based upon the changes to the statement of revenue. Schedule b has been updated based upon the change to contribution revenue. Schedule r, part ii now identifies spark capital as a relate tax-exempt organization rather than a disregarded entity. Schedule r, part v has been completed to report transactions between spark and spark capital. Schedule i has been completed and is now included with the form 990.”