Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1984.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
34 people listed on the 990; $1.0M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Paul Krutko | — | $393,297 | $467,056 | $364,684 | $376,069 |
| Paul Krutko | $395,347 | — | — | — | — |
| Phil Santer | $194,019 | — | — | — | — |
| Phil Santer | — | $187,519 | $176,571 | $167,708 | $164,519 |
| Joseph Simms | — | — | — | $129,471 | $185,500 |
| William Mayer | $162,204 | — | — | — | — |
| William Mayer | — | $158,855 | $151,799 | $138,430 | $143,500 |
| Michael Flanagan | $157,000 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aYes
Programs and updates
Drives regional economic growth by supporting business startups, expansion, and attraction while promoting the area as a hub for innovation and career opportunities.
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Business INCUBATOR/ACCELERATOR services spark creates long-term regional prosperity by accelerating the growth of start-ups and early-stage companies through support by offering direct and consultant services.
Business development (expansion, attraction, retention) spark maximizes potential jobs and capital investment in the region and helps grow the region's GDP through the retention and expansion of established driving industry companies and the targeted attraction domestically and internationally of similar companies that fit the region's…
Mi Stem Forward
In partnership with the michigan economic development corporation, spark worked to promote stem talent retention in the state by running an internship matching program. The program recruits talented college students to populate a talent database, gathers impactful internship opportunities from innovative companies throughout the state…
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $8.5M | $7.7M |
| InvestmentsLn 11–13 | $5.8M | $5.9M |
| Land, buildings, equipmentLn 10c | $235K | $169K |
| Total assetsLn 16 | $15.7M | $16.6M |
| LiabilitiesLn 26 | $638K | $2.6M |
| Net assetsLn 32 | $15.0M | $14.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $152K | |||
| Pay of current officers, directors and key staffLn 5 | $841K | |||
| Other salaries and wagesLn 7 | $2.7M | |||
| Pension plan contributionsLn 8 | $75K | |||
| Other employee benefitsLn 9 | $311K | |||
| Payroll taxesLn 10 | $441K | |||
| Legal feesLn 11b | $13K | |||
| Accounting feesLn 11c | $27K | |||
| Other fees for servicesLn 11g | $2.7M | |||
| Advertising and promotionLn 12 | $668K | |||
| Office expensesLn 13 | $140K | |||
| Information technologyLn 14 | $288K | |||
| OccupancyLn 16 | $881K | |||
| TravelLn 17 | $87K | |||
| Conferences, conventions and meetingsLn 19 | $46K | |||
| Depreciation, depletion and amortizationLn 22 | $108K | |||
| InsuranceLn 23 | $22K | |||
| Other expenses (24a–d)Ln 24 | $942K | |||
| All other expensesLn 24e | $102K | |||
| Total functional expensesLn 25 | $10.5M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $12.8M | $11.3M | $1.5M | $13.4M | 990 PDF |
| FY2023 | $8.5M | $9.5M | −$1.0M | $11.9M | 990 PDF |
| FY2022 Viewing | $9.4M | $10.5M | −$1.1M | $14.0M | 990 PDF |
| FY2021 | $11.8M | $13.6M | −$1.8M | $15.0M | 990 PDF |
| FY2020 | $20.8M | $18.8M | $2.0M | $15.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $9,443,903 across 7 lines filed
Part IX · Statement of functional expenses $10,507,768 across 19 lines filed
Part X · Balance sheet $16,558,054 assets, 15 lines filed
Part XI · Reconciliation of net assets $13,961,943 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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