Sparc INC FY2020 filing

Costa Mesa, CA · Supporting organization · Housing

✓ Tax-deductible
Revenue
$297K
Spent
$263K
To programs
93%
Net assets
$160K
By yearFY2020–FY2025
Revenue
$297K
FY2020
Revenue by fiscal year
FY2020$297K
FY2021$223K
FY2022$297K
FY2023$248K
FY2024$383K
FY2025$464K
Expenses
$263K
FY2020
Expenses by fiscal year
FY2020$263K
FY2021$231K
FY2022$240K
FY2023$296K
FY2024$389K
FY2025$386K
Net assets
$160K
FY2020
Net assets by fiscal year
FY2020$160K
FY2021$152K
FY2022$209K
FY2023$160K
FY2024$155K
FY2025$233K

From the FY2020 Form 990 (year ending June 2020) · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CSparc INC
EINHdr · item D02-0811276
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2008
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CCosta Mesa, CA
NTEE classificationIRS BMFHousing (L19)
WebsiteHdr · item Jwww.sparc-ca.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$245K
Management & general7%$18K
Total functional expensesLn 25$263K

Financial health

Is it on solid ground?

Net inflow
+12%
revenue over expenses, this year
Pass-through gifts
100%
of revenue from contributions
Program spending
93%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$161K
FY2020
Total assets by fiscal year
FY2020$161K
FY2021$152K
FY2022$209K
FY2023$160K
FY2024$155K
FY2025$233K
Total liabilities
$377
FY2020
Total liabilities by fiscal year
FY2020$377
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$34K
Total assetsPt X · Ln 16$161K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$161K
Total assetsLn 16$161K
Total liabilitiesLn 26$377
Total net assetsLn 32$160K
Months of cash on handcomputed7.3

Statement of Revenue

Part VIII
Contributions & grants100%$297K
Total revenueLn 12$297K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $161K · Operating expenses/yr $263K
7.3 months
Where the money goes
Program services
Program services $245K · Total expenses $263K
93%
Management & General
Management & general $18K · Total expenses $263K
7%
Fundraising
Fundraising $0 · Total expenses $263K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $297K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $297K · Total revenue $297K
100%
Government reliance
Government grants — · Total revenue $297K
—
Earned-income share
Program service revenue $0 · Total revenue $297K
0%
Investment reliance
Investment income $0 · Total revenue $297K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $263K
0%
Growth & trend
Revenue growth (YoY)
This year $297K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $160K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $297K · Expenses $263K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $161K
—
Net-asset ratio
Net assets $160K · Total assets $161K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $161K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jon Kmett · Reported title MEMBER · Highest reported compensation $0 · Total expenses $263K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $172K · Total expenses $263K
66%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%——
Overhead ratio 7%——
Fundraising cost ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Sparc INC executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers services and programs to residents of manufactured home communities.

Provided by the organization

This section is blank until Sparc INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $245K of program spending, described in the organization's own filed words · FY2019.
01

The organization provides services and programs to the residents of the millennium housing's manufactured home communities. By doing so, sparc seeks to help millennium achieve its goal of resident empowerment and to improve the lives of millennium's homeowners.

$245Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$456K
See all 3 funders →
Grants paid · 2 grants · $44K · 2023–2024
Unitemized GrantFY2024$25,500
Unitemized GrantFY2023$18,500

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $464K$386K+21% 990 PDF
FY2024 $383K$389K+55% 990 PDF
FY2023 $248K$296K-17% 990 PDF
FY2022 $297K$240K+33% 990 PDF
FY2021 $223K$231K-25% 990 PDF
FY2020 Viewing $297K$263K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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