Ann Arbor Spark Foundation FY2020 filing

Tax-deductible

Ann Arbor, MI501(c)(3)Foundations & GrantmakersEIN 38-3416745Revenue $1.6M in FY2020

On file with the IRSannarborusa.org330 East Liberty St, 48104-2274 · Ann Arbor, MITax-exempt since Oct 1998Supporting organization — 509(a)(3)

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The Ann Arbor Spark Foundation provides funding and support for the activities of Ann Arbor Spark, a not for profit 501(c)6 corporation which advances economic development in the region by encouraging and supporting business acceleration, attraction, expansion and retention.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $21K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $185K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$9K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 30 voting members
Looks good: 29 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$1.6M
To programs
100%
Net assets
$130K
By yearFY2020–FY2024
Revenue
$1.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$250K
FY2022$207K
FY2023$205K
FY2024$183K
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$246K
FY2022$275K
FY2023$220K
FY2024$177K
Net assets
$130K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$130K
FY2021$134K
FY2022$65K
FY2023$50K
FY2024$56K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1998.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.6M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

31 people listed on the 990.

Part VII, Section A · reportable compensation
President/Ce
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Ann Arbor Spark Foundation executive salaries →

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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

Funds and supports economic development by encouraging business growth and attraction.

Questions for Ann Arbor Spark Foundation

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Provided by the organization

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3 programs · $1.6M · in their own filed words · FY2020
01

Small business relief funding to mitigate the hardship on local small businesses due to mandated closures as a result of the covid 19 pandemic. The washtenaw small business emergency relief fund was created to address the financial hardship due to the COVID-19 crisis.

$1.3Mprogram expense
02

Marketing Angel Fund Investment Activity in Michigan

Marketing and educating new investors as angels (high net worth individuals who invest in startup companies). The services and support provided to early stage technology companies and entrepreneurs through our group of investors enhances michigan's entrepreneurial ecosystem by coordinating with existing successful programs to fill the…

$164Kprogram expense
03

The primary charitable purpose of the spark foundation is to receive and administer funds for the encouragement, promotion and support of area development, re-development and renewal; activities and projects designed to attract new industry and retain existing industry; activities and projects designed to promote the area; and other…

$131Kprogram expense

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 4 funders$185K
See all 4 funders →
Grants paid · 5 grants · $1.8M · 2020–2024
Ann Arbor SparkMI · FY2024$140,000
Ann Arbor SparkMI · FY2023$136,000
Ann Arbor SparkMI · FY2022$121,000
Ann Arbor SparkMI · FY2021$136,000
Ann Arbor SparkMI · FY2020$1,260,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$3
Money outPt IX
$1.6M
Ln 25
Programscol B$1.6M
Owns and owesPt X
$130K
net assets · Ln 32
Cash and savingsLn 1–2$114K
Total assetsLn 16$139K
LiabilitiesLn 26$9K
PeoplePt VI, VII
31
listed · VII A
PaidVII A0
Voting boardVI 1a30
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$3
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$114K
Cash and savings togetherLn 1–2$114K
Total assetsLn 16$139K
LiabilitiesLn 26$9K
Net assetsLn 32$130K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6129
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$184K$114K
Total assetsLn 16$184K$139K
LiabilitiesLn 26$23K$9K
Net assetsLn 32$160K$130K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$198K$198K
Other fees for servicesLn 11g$107K$107K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$542$542
Information technologyLn 14$335$335
OccupancyLn 16$39K$39K
TravelLn 17$24K$24K
Conferences, conventions and meetingsLn 19$560$560
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$1.6M$1.6M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $183K$177K$6K$56K 990 PDF
FY2023 $205K$220K−$15K$50K 990 PDF
FY2022 $207K$275K−$68K$65K 990 PDF
FY2021 $250K$246K$4K$134K 990 PDF
FY2020 Viewing $1.6M$1.6M−$30K$130K 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
See the full FY2020 990 (6 parts)
Part I · Summary $1,613,230 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $307,500$1,613,227
I-9 Program service revenue$0
I-10 Investment income$3
I-11 Other revenue$0
I-12 Total revenuePrior year $307,500$1,613,230
I-13 Grants and similar amounts paidPrior year $126,000$1,260,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $295,589$383,671
I-18 Total expensesPrior year $421,589$1,643,671
I-19 Revenue less expensesPrior year −$114,089−$30,441
Part VI · Governance 29 of 30 board members independent, no flags
VI-1a Voting members of the governing body30
VI-1b Independent voting members29
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,613,230 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,613,227
VIII-1h Total contributions, gifts and grants$1,613,227
VIII-3 Investment incomeExcluded from tax $3$3
VIII-12 Total revenueExcluded from tax $3$1,613,230
Part IX · Statement of functional expenses $1,643,671 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $1,260,000$1,260,000
IX-11b Legal feesPrograms $5,789$5,789
IX-11c Accounting feesPrograms $197,600$197,600
IX-11g Other fees for servicesPrograms $106,743$106,743
IX-12 Advertising and promotionPrograms $7,406$7,406
IX-13 Office expensesPrograms $542$542
IX-14 Information technologyPrograms $335$335
IX-16 OccupancyPrograms $39,452$39,452
IX-17 TravelPrograms $23,737$23,737
IX-19 Conferences, conventions and meetingsPrograms $560$560
IX-24 Other expenses (24a–d)Programs $1,507$1,507
IX-25 Total functional expensesPrograms $1,643,671 · Management $0 · Fundraising $0$1,643,671
Part X · Balance sheet $139,187 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $183,509$114,187
X-4 Accounts receivable$25,000
X-16 Total assetsStart of year $183,509$139,187
X-17 Accounts payable and accrued expensesStart of year $23,263$9,382
X-26 Total liabilitiesStart of year $23,263$9,382
X-27 Net assets without donor restrictionsStart of year $160,246$129,805
X-32 Total net assets or fund balancesStart of year $160,246$129,805
X-33 Total liabilities and net assetsStart of year $183,509$139,187
Part XI · Reconciliation of net assets $129,805 net assets at year end
XI-1 Total revenue$1,613,230
XI-2 Total expenses$1,643,671
XI-3 Revenue less expenses−$30,441
XI-4 Net assets at start of year$160,246
XI-10 Net assets at end of year$129,805

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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