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Sparc Endowment Fund INC FY2021 filing

Tax-deductible

Springfield, IL501(c)(3)Since 1988 EIN 37-1232878Revenue $209K in FY2021Latest return filed May 13, 2026

On file with the IRS1 Sparc Center Plaza 232 Bruns Ln, 62702-0000 · Springfield, ILTax-exempt since May 1991Publicly supported charity — 170(b)(1)(A)(vi)

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To receive/maintain funds of real or personal property and apply the income therefrom to support programs of Sparc to improve the general welfare of persons with developmental disabilities.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $184K a year · 200% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Plus $2.2M in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $2.2M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.5M
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$209K
-46% vs prior year
Spent
$1.1M
To programs
98%
Net assets
$4.5M
By yearFY2020–FY2025
Revenue
$209K
FY2021▼ -46%
Tap a bar for its year
Revenue by fiscal year
FY2020$388K
FY2021$209K
FY2022−$254K
FY2023−$176K
FY2024$281K
FY2025$104K
Expenses
$1.1M
FY2021▲ +129%
Tap a bar for its year
Expenses by fiscal year
FY2020$490K
FY2021$1.1M
FY2022$15K
FY2023$13K
FY2024$15K
FY2025$2K
Net assets
$4.5M
FY2021▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.0M
FY2021$4.5M
FY2022$4.1M
FY2023$4.1M
FY2024$4.5M
FY2025$4.7M

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.1M Management & general 2% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Frank Buraski
Vice Chair
$0Pt VII · Sec A
John Howerter
Treasurer
$0Pt VII · Sec A
David Ed
Board Member
$0Pt VII · Sec A
Shiela Mack
Board Member
$0Pt VII · Sec A
Pat Phalen
Board Member
$0Pt VII · Sec A
Mary Trask
Board Member
$0Pt VII · Sec A
Steve Nardulli
Board Member
$0Pt VII · Sec A
See Sparc Endowment Fund INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages property and funds to support SPARC programs.

Questions for Sparc Endowment Fund INC

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1 program · $1.1M · in their own filed words · FY2020
01

To RECEIVE/MAINTAIN funds of real or personal property and apply the income therefrom to support progams of sparc to improve the general welfare of persons with developmental disabilities.

$1.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $1.5M · 2019–2020
SparcIL · FY2020$1,106,108
SparcIL · FY2019$432,324

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$209K
Ln 12
Investment incomeLn 3$225K
Gifts and grantsLn 1h$3K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.1M
Managementcol C$17K
Owns and owesPt X
$4.5M
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$7.0M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Investment incomeLn 3$225K
Gains on assetsLn 7$178K
Total revenueLn 12$209K
Assets in detailPt X, end of year
CashLn 1$9K
Cash and savings togetherLn 1–2$9K
InvestmentsLn 11–13$2.2M
Land, buildings, equipmentLn 10c$4.7M
Total assetsLn 16$7.0M
LiabilitiesLn 26$2.5M
Net assetsLn 32$4.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3K$9K
InvestmentsLn 11–13$1.8M$2.2M
Land, buildings, equipmentLn 10c$4.6M$4.7M
Total assetsLn 16$7.4M$7.0M
LiabilitiesLn 26$2.4M$2.5M
Net assetsLn 32$5.0M$4.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Management feesLn 11a$3K$3K
Investment management feesLn 11f$14K$14K
Total functional expensesLn 25$1.1M$1.1M$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 13, 2026 $104K$2K$102K$4.7M 990 PDF
FY2024Filed with the IRS May 12, 2025 $281K$15K$266K$4.5M 990 PDF
FY2023Filed with the IRS May 15, 2024 −$176K$13K−$189K$4.1M 990 PDF
FY2022Filed with the IRS May 15, 2023 −$254K$15K−$269K$4.1M 990 PDF
FY2021 ViewingFiled with the IRS Mar 25, 2022 $209K$1.1M−$914K$4.5M 990 PDF
FY2020Filed with the IRS Mar 26, 2021 $388K$490K−$101K$5.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $209,293 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $53,190$3,386
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $166,565$224,825
I-11 Other revenuePrior year $168,592−$18,918
I-12 Total revenuePrior year $388,347$209,293
I-13 Grants and similar amounts paidPrior year $432,324$1,106,108
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $57,334$16,907
I-18 Total expensesPrior year $489,658$1,123,015
I-19 Revenue less expensesPrior year −$101,311−$913,722
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $209,293 across 6 lines filed
VIII-1f All other contributions, gifts and grants$3,386
VIII-1h Total contributions, gifts and grants$3,386
VIII-3 Investment incomeExcluded from tax $46,598$46,598
VIII-6 Net rental income or lossExcluded from tax −$18,918−$18,918
VIII-7 Net gain or loss on sales of assetsExcluded from tax $178,227$178,227
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $205,907$209,293
Part IX · Statement of functional expenses $1,123,015 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $1,106,108$1,106,108
IX-11a Management feesManagement $3,050$3,050
IX-11f Investment management feesManagement $13,857$13,857
IX-25 Total functional expensesPrograms $1,106,108 · Management $16,907 · Fundraising $0$1,123,015
Part X · Balance sheet $7,033,996 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $3,487$8,744
X-4 Accounts receivableStart of year $1,043,396$120,100
X-9 Prepaid expenses and deferred chargesStart of year $799$841
X-10c Land, buildings and equipment, netStart of year $4,641,798$4,670,531
X-12 Other securitiesStart of year $1,751,492$2,233,780
X-16 Total assetsStart of year $7,440,972$7,033,996
X-17 Accounts payable and accrued expensesStart of year $41,488$14,563
X-24 Unsecured notes and loans payableStart of year $703,296$0
X-26 Total liabilitiesStart of year $2,432,559$2,548,276
X-27 Net assets without donor restrictionsStart of year $4,889,631$4,366,938
X-28 Net assets with donor restrictionsStart of year $118,782$118,782
X-32 Total net assets or fund balancesStart of year $5,008,413$4,485,720
X-33 Total liabilities and net assetsStart of year $7,440,972$7,033,996
Part XI · Reconciliation of net assets $4,485,720 net assets at year end
XI-1 Total revenue$209,293
XI-2 Total expenses$1,123,015
XI-3 Revenue less expenses−$913,722
XI-4 Net assets at start of year$5,008,413
XI-5 Net unrealized gains (losses) on investments$391,029
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,485,720

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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