Civic Intelligence

Spark Capital

990 • Fiscal year 2023 • EIN 84-3169340

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

Organization ProfileWWW.SPARKCDI.ORG
1111 North 13 Street 311Omaha, NE 68102

(402) 819-4885

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.26x

Higher debt load relative to assets than 72% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

1.02x

Higher debt load relative to revenue than 88% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

90th percentile

48%

Higher net margin than 90% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

80th percentile

$137,881

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

73rd percentile

17%

Faster asset growth than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

21st percentile

-14%

Faster revenue growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$4,775,707

Up $694,106 (+17%) from 2022

Net Assets

Up

$3,531,471

Up $467,107 (+15%) from 2022

Liabilities

Up

$1,244,236

Up $226,999 (+22%) from 2022

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin90th percentile

Revenue

Down

$1,222,591

Down $199,354 (-14%) from 2022

Expenses

Up

$636,877

Up $292,460 (+85%) from 2022

Net Income

Down

$585,714

Down $491,814 (-46%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$10M$5.0M$0Assets 2021: $2,607,218Liabilities 2021: $579,882Net Assets 2021: $2,027,3362021Assets 2022: $4,081,601Liabilities 2022: $1,017,237Net Assets 2022: $3,064,3642022Assets 2023: $4,775,707Liabilities 2023: $1,244,236Net Assets 2023: $3,531,4712023Assets 2024: $9,846,771Liabilities 2024: $5,581,713Net Assets 2024: $4,265,0582024

Highlighted filing

2023

Assets$4,775,707
Liabilities$1,244,236
Net Assets$3,531,471
Open 2023 Filing

Operations Trend

Revenue Growth21st percentile

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

$2.0M$1.5M$1.0M$500K$0Revenue 2021: $759,503Expenses 2021: $297,672Net Income 2021: $461,8312021Revenue 2022: $1,421,945Expenses 2022: $344,417Net Income 2022: $1,077,5282022Revenue 2023: $1,222,591Expenses 2023: $636,877Net Income 2023: $585,7142023Revenue 2024: $1,944,808Expenses 2024: $684,512Net Income 2024: $1,260,2962024

Highlighted filing

2023

Revenue$1,222,591
Expenses$636,877
Net Income$585,714
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$1,222,591
Mission and Program Overview

Mission

Spark capital was organized and is operated exclusively for the benefit of, or to carry out the purposes of, spark as a supporting organization. The organization will provide financial and educational services to economically distressed communities in and around omaha, nebraska and council bluffs, iowa in order to promote social welfare and to combat community deterioration.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,452,165$3,163,877▲ $711,712
Investments Program Related$1,474,758$1,237,528▼ $237,230
Cash and Non-Interest-Bearing Accounts$144,636$333,470▲ $188,834
Accounts Receivable-$28,758-
Total Assets$4,081,601$4,775,707▲ $694,106
Other Assets Total$10,042$12,074▲ $2,032
Liabilities
Mortgage Notes Payable Secured by Investment Property$350,500$900,000▲ $549,500
Other Liabilities$666,737$311,317▼ $355,420
Accounts Payable and Accrued Expenses-$32,919-
Total Liabilities$1,017,237$1,244,236▲ $226,999
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,944,239$3,531,471▲ $587,232
Net Assets With Donor Restrictions$120,125$0▼ $120,125
Total Net Assets Fund Balance$3,064,364$3,531,471▲ $467,107
Total Liabilities and Net Assets / Fund Balance$4,081,601$4,775,707▲ $694,106

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,237,528--
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Angela SmithInterim CEO Through 7/31/23PT$137,881$137,881
Buey Ray TutChief Executive Officer as of 8/31/23PT$63,777$63,777

Board Members and Trustees

NameTitle
Suzi SterbaPresident
Bridget HadleyMember
Cheryl WestonMember
Louis SmithMember
Oj SpoonerSecretary
Daniel PadillaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,076,476
Program Service Revenue
$67,440
Investment Income
$74,417
Other Revenue
$4,258
All Other Contributions
$902,476
Change in Net Assets
$585,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$407,832
Other Expenses$229,045
Total Fundraising Expense$33,388
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$184,470$57,493$13,387$255,350
Fees for Services Other$93,205$29,049$6,764$129,018
Current Officers, Directors, Trustees, and Key Employees$64,100$19,978$4,651$88,729
Payroll Taxes$22,399$6,981$1,625$31,005
Other Employee Benefits$19,858$6,189$1,441$27,488
Fees for Services Accounting$17,842$5,561$1,295$24,698
Conferences and Meetings$14,474$4,511$1,050$20,035
Interest$12,614$3,931$915$17,460
Occupancy$9,436$2,941$685$13,062
Information Technology$4,458$1,389$324$6,171
Pension Plan Contributions$3,800$1,184$276$5,260
Insurance$3,600$1,122$261$4,983
Fees for Services Legal$3,371$1,051$245$4,667
Advertising$2,691$839$195$3,725
Office Expenses$1,780$555$129$2,464
Other Expenses$608$190$44$842
Total Functional Expenses$460,093$143,396$33,388$636,877
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
Refundable Advance$232,000
Due to Spark$73,230
Accrued Interest Payable$6,087
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Spark capital 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 with the irs.”

Form 990, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section C, Line 19

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

FORM 990, PART VI, LINE 15:

“The organization has no employees of its own, but shares employees with spark. The process for determining compensation is set by the spark board of directors.”

Filing and Contact Details

Filer

Filer Name
Spark Capital
EIN
84-3169340
Phone
4028194885
Address
1111 NORTH 13 STREET 311, OMAHA, NE 68102

Signing Officer

Name
Buey Tut
Title
CEO
Phone
4028194885
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Buey Tut
Formed
2019
Legal Domicile
Ne
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
25

Preparer

Firm
Frankel LLC
Address
11404 WEST DODGE RD SUITE 700, OMAHA, NE 68154-2576
Preparer
Amy Sughroue
Phone
4024969100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract services: program service expenses 93,205. Management and general expenses 29,049. Fundraising expenses 6,764. Total expenses 129,018.”

FORM 990, PART XI, LINE 9:

“Change in provision for loan losses -118,607.”

FORM 990, PART XII, LINE 2C:

“The organization did not change either its oversight process or selection process during the year.”

Financial Statement Notes

PART X, LINE 2:

“Spark capital is organized as a nebraska nonprofit corporation and has been recognized by the internal revenue service (irs) as exempt from federal income taxes under internal revenue code section 501(c)(3), qualify for the charitable contribution deductions, and have been determined not to be a private foundation. Spark capital is required to file a return of organization exempt from income tax (form 990) with the irs annually. In addition, the entity is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. Spark capital determined the entity is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (form 990-t) with the irs. Management believes that the entity has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated finanicial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

Raw XML AppendixShowing 400 of 492 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt032919
IRS990/AccountsReceivableGrp/EOYAmt028758
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SPARK CAPITAL WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, SPARK AS A SUPPORTING ORGANIZATION. THE ORGANIZATION WILL PROVIDE FINANCIAL AND EDUCATIONAL SERVICES TO ECONOMICALLY DISTRESSED COMMUNITIES IN AND AROUND OMAHA, NEBRASKA AND COUNCIL BLUFFS, IOWA IN ORDER TO PROMOTE SOCIAL WELFARE AND TO COMBAT COMMUNITY DETERIORATION.
IRS990/AdvertisingGrp/FundraisingAmt0195
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0839
IRS990/AdvertisingGrp/ProgramServicesAmt02691
IRS990/AdvertisingGrp/TotalAmt03725
IRS990/AllOtherContributionsAmt0902476
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0FRANKEL LLC
IRS990/BooksInCareOfDetail/PhoneNum04024969100
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt011404 W DODGE ROAD STE 700
IRS990/BooksInCareOfDetail/USAddress/CityNm0OMAHA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NE
IRS990/BooksInCareOfDetail/USAddress/ZIPCd068154
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0144636
IRS990/CashNonInterestBearingGrp/EOYAmt0333470
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt04651
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt019978
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt064100
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt088729
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/FundraisingAmt01050
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt04511
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt014474
IRS990/ConferencesMeetingsGrp/TotalAmt020035
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01076476
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt074417
IRS990/CYOtherExpensesAmt0229045
IRS990/CYOtherRevenueAmt04258
IRS990/CYProgramServiceRevenueAmt067440
IRS990/CYRevenuesLessExpensesAmt0585714
IRS990/CYSalariesCompEmpBnftPaidAmt0407832
IRS990/CYTotalExpensesAmt0636877
IRS990/CYTotalFundraisingExpenseAmt033388
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01222591
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0SPARK CAPITAL WILL ISSUE LOANS TO RECIPIENT ORGANIZATIONS TO FINANCE COMMUNITY DEVELOPMENT PROJECTS, INCLUDING AFFORDABLE HOUSING PROJECTS, COMMERCIAL PROJECTS AND COMMUNITY DEVELOPMENT PROJECTS (SUCH AS HEALTHCARE AND EDUCATIONAL FACILITIES). THESE COMMUNITY DEVELOPMENT ACTIVITIES WILL BE LOCATED IN, OR SERVE TO BENEFIT, ECONOMICALLY DISADVANTAGED AREAS IN AND AROUND OMAHA, NEBRASKA AND COUNCIL BLUFFS, IA. THE GOAL OF ALL FINANCE PROJECTS WILL BE TO CREATE COMMUNITY BENENFIT FOR THE TARGETED ECONOMICALLY DISADVANTAGED AREA, SUCH AS THROUGH FORMATION OF NEW BUSINESSES, JOB CREATION AND ACCESS TO AFFORDABLE HOUSING FOR RESIDENTS, OR THE FACILITATION OF POPULATION GROWTH.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0120125
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0421999
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/FundraisingAmt01295
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05561
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt017842
IRS990/FeesForServicesAccountingGrp/TotalAmt024698
IRS990/FeesForServicesLegalGrp/FundraisingAmt0245
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01051
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt03371
IRS990/FeesForServicesLegalGrp/TotalAmt04667
IRS990/FeesForServicesOtherGrp/FundraisingAmt06764
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt029049
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt093205
IRS990/FeesForServicesOtherGrp/TotalAmt0129018
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt022.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt618.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt718.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt66935
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt74951
IRS990/Form990PartVIISectionAGrp/PersonNm0SUZI STERBA
IRS990/Form990PartVIISectionAGrp/PersonNm1DANIEL PADILLA
IRS990/Form990PartVIISectionAGrp/PersonNm2OJ SPOONER
IRS990/Form990PartVIISectionAGrp/PersonNm3BRIDGET HADLEY
IRS990/Form990PartVIISectionAGrp/PersonNm4CHERYL WESTON
IRS990/Form990PartVIISectionAGrp/PersonNm5LOUIS SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm6BUEY RAY TUT
IRS990/Form990PartVIISectionAGrp/PersonNm7ANGELA SMITH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt656842
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7132930
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHIEF EXECUTIVE OFFICER AS OF 8/31/23
IRS990/Form990PartVIISectionAGrp/TitleTxt7INTERIM CEO THROUGH 7/31/23
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt0174000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01222591
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0324
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01389
IRS990/InformationTechnologyGrp/ProgramServicesAmt04458
IRS990/InformationTechnologyGrp/TotalAmt06171
IRS990/InsuranceGrp/FundraisingAmt0261
IRS990/InsuranceGrp/ManagementAndGeneralAmt01122
IRS990/InsuranceGrp/ProgramServicesAmt03600
IRS990/InsuranceGrp/TotalAmt04983
IRS990/InterestGrp/FundraisingAmt0915
IRS990/InterestGrp/ManagementAndGeneralAmt03931
IRS990/InterestGrp/ProgramServicesAmt012614
IRS990/InterestGrp/TotalAmt017460
IRS990/InvestmentIncomeGrp/ExclusionAmt074417
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt074417
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01474758
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01237528
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NE
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SPARK CAPITAL WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, SPARK AS A SUPPORTING ORGANIZATION. THE ORGANIZATION WILL PROVIDE FINANCIAL AND EDUCATIONAL SERVICES TO ECONOMICALLY DISTRESSED COMMUNITIES IN AND AROUND OMAHA, NEBRASKA AND COUNCIL BLUFFS, IOWA IN ORDER TO PROMOTE SOCIAL WELFARE AND TO COMBAT COMMUNITY DETERIORATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0350500
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0900000
IRS990/NetAssetsOrFundBalancesBOYAmt03064364
IRS990/NetAssetsOrFundBalancesEOYAmt03531471
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02944239
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03531471
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0685
IRS990/OccupancyGrp/ManagementAndGeneralAmt02941
IRS990/OccupancyGrp/ProgramServicesAmt09436
IRS990/OccupancyGrp/TotalAmt013062
IRS990/OfficeExpensesGrp/FundraisingAmt0129
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0555
IRS990/OfficeExpensesGrp/ProgramServicesAmt01780
IRS990/OfficeExpensesGrp/TotalAmt02464
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010042
IRS990/OtherAssetsTotalGrp/EOYAmt012074
IRS990/OtherChangesInNetAssetsAmt0-118607
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01441
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06189
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019858
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027488
IRS990/OtherExpensesGrp/Desc0OTHER FEES
IRS990/OtherExpensesGrp/Desc1MEMBERSHIP DUES
IRS990/OtherExpensesGrp/FundraisingAmt0101
IRS990/OtherExpensesGrp/FundraisingAmt144
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0432
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1190
IRS990/OtherExpensesGrp/ProgramServicesAmt01387
IRS990/OtherExpensesGrp/ProgramServicesAmt1608
IRS990/OtherExpensesGrp/TotalAmt01920
IRS990/OtherExpensesGrp/TotalAmt1842
IRS990/OtherLiabilitiesGrp/BOYAmt0666737
IRS990/OtherLiabilitiesGrp/EOYAmt0311317
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04258
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04258
IRS990/OtherRevenueTotalAmt04258
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt013387
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt057493
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0184470
IRS990/OtherSalariesAndWagesGrp/TotalAmt0255350
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01625
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06981
IRS990/PayrollTaxesGrp/ProgramServicesAmt022399
IRS990/PayrollTaxesGrp/TotalAmt031005
IRS990/PensionPlanContributionsGrp/FundraisingAmt0276
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01184
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03800
IRS990/PensionPlanContributionsGrp/TotalAmt05260
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BUEY TUT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522220
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0LOAN FUND FEES & INTER
IRS990/ProgramServiceRevenueGrp/Desc1ACADEMY PARTICIPANT FE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt061856
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15584
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt061856
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15584
IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATIONAL SERVICES WILL BE PROVIDED IN THE FORM OF TECHNICAL ASSISTANCE TO INDIVIDUALS SEEKING TO FORM ORGANIZATIONS AND ESTABLISHED ORGANIZATIONS THAT PLAN TO DEVELOP POOR AND DISTRESSED COMMUNITIES BY PROVIDING HOUSING AND AMENITIES FOR LOW- AND MODERATE-INCOME POPULATIONS. THROUGH SPARK CAPITAL'S PROVISION OF TECHNICAL ASSISTANCE, RECIPIENT INDIVIDUALS AND ORGANIZATIONS WILL BE BETTER EQUIPPED TO FORM COMMUNITY DEVELOPMENT PROJECTS IN THE TARGETED ECONOMICALLY DISADVANTAGED AREAS, RESULTING IN COMMUNITY BENEFIT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt038094
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt05936
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01380234
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04489
IRS990/PYOtherExpensesAmt096160
IRS990/PYOtherRevenueAmt02250
IRS990/PYProgramServiceRevenueAmt034972
IRS990/PYRevenuesLessExpensesAmt01077528
IRS990/PYSalariesCompEmpBnftPaidAmt0248257
IRS990/PYTotalExpensesAmt0344417
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01421945
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0585714
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt065762
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02452165
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03163877
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0813057920
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SPARK
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01237528
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0LOAN FUNDING
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt073230
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1232000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26087
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SPARK
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REFUNDABLE ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPARK CAPITAL IS ORGANIZED AS A NEBRASKA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTIONS, AND HAVE BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. SPARK CAPITAL IS REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS ANNUALLY. IN ADDITION, THE ENTITY IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. SPARK CAPITAL DETERMINED THE ENTITY IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. MANAGEMENT BELIEVES THAT THE ENTITY HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANICIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt01237528
IRS990ScheduleD/TotalLiabilityAmt0311317
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SPARK CAPITAL 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 WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM. BOARD MEMBERS ALSO OPENLY AND REGULARLY DISCUSS CONFLICTS AND RECUSE THEMSELVES FROM DISCUSSION AND VOTING AS APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST, SPARK'S BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR ARE AVAILABLE TO PROVIDE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS NO EMPLOYEES OF ITS OWN, BUT SHARES EMPLOYEES WITH SPARK. THE PROCESS FOR DETERMINING COMPENSATION IS SET BY THE SPARK BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 93,205. MANAGEMENT AND GENERAL EXPENSES 29,049. FUNDRAISING EXPENSES 6,764. TOTAL EXPENSES 129,018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CHANGE IN PROVISION FOR LOAN LOSSES -118,607.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 15:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0SPARK
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0FABRIC LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0861875364
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0REAL ESTATE HOLDING COMPANY
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt01111 N 13TH STREET STE 311
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0OMAHA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd068102
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SPARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0813057920
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHAMPION COMMUNITY DEVELOPMENT AROUND OMAHA, NE AND COUNCIL BLUFFS, IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01111 N 13TH STREET STE 311
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0OMAHA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd068102

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,775,707
Liabilities
$1,244,236
Net assets
$3,531,471
Revenue
$1,222,591
Expenses
$636,877
Net income
$585,714
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.85$5.58$4.27$1.94$0.68$1.26
2023Detailed filing. Detailed filing data is available for this year.$4.78$1.24$3.53$1.22$0.64$0.59
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.08$1.02$3.06$1.42$0.34$1.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$0.58$2.03$0.76$0.30$0.46