Synaptic Sparks INC

IRS exemption revoked

Orlando, FLUnknown exempt organization EIN 46-2574583Revenue $270K in FY2020Latest return filed Aug 14, 2021

On file with the IRSsynapticsparks.orgOrlando, FL

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Synaptic Sparks, INC seeks to empower our young generations by providing superior technology to advance critical thinking at all levels. By engaging minds to think creatively and analytically rather than relying on memorization, we are produccing the leaders of tomorrow.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-2574583) · Dispute this line
45¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
The IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
The latest return is for FY2020, 6 tax years back.
IRS e-file · Filing history
Spent on programs
45%
of spending
45% of spending went to programs.
Pt IX · Ln 25 · col B
2.1 mo
of spending, in cash
2.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$109K
91% of total assets
Liabilities are 91% of assets.
Pt X · Ln 26
Independent board members
0
of 4 voting members
None of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$270K
Spent
$261K
To programs
45%
Net assets
$11K

From the FY2020 Form 990 · see the original

IRS revoked this organization's tax-exempt status on May 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

45 cents of each dollar spent went to programs.

Program services 45% · $117K Management & general 55% · $144K

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

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Software Engineer
$0Pt VII · Sec A
Production Manager
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Synaptic Sparks 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

Empowering youth with technology to foster critical thinking and creative problem-solving.

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1 program · $117K · in their own filed words · FY2020
01

Offer school and classroom presentations, competitions, and conferences on topics pertaining to science, technology, engineering and math (stem). Topics of these presentations include, but are not limited to , all k12 levels of mathematics, basic BIOLOGY/CHEMISTRY, physics, all k12 levels of computer science and programming…

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-2574583) · Dispute this line
$117Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$16

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$270K
Ln 12
Fees for servicesLn 2g$250K
Gifts and grantsLn 1h$20K
Money outPt IX
$261K
Ln 25
Programscol B$117K
Managementcol C$144K
Owns and owesPt X
$11K
net assets · Ln 32
Cash and savingsLn 1–2$46K
Total assetsLn 16$120K
LiabilitiesLn 26$109K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Fees for servicesLn 2g$250K
Total revenueLn 12$270K
Assets in detailPt X, end of year
CashLn 1$46K
Cash and savings togetherLn 1–2$46K
Land, buildings, equipmentLn 10c$74K
Total assetsLn 16$120K
LiabilitiesLn 26$109K
Net assetsLn 32$11K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$28K$46K
Land, buildings, equipmentLn 10c$82K$74K
Total assetsLn 16$110K$120K
LiabilitiesLn 26$109K$109K
Net assetsLn 32$2K$11K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$616$616
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$119K$159$119K
Office expensesLn 13$63K$63K
Information technologyLn 14$54K$54K
TravelLn 17$750$750
Conferences, conventions and meetingsLn 19$7K$7K
Depreciation, depletion and amortizationLn 22$9K$9K
Other expenses (24a–d)Ln 24$5K$5K
All other expensesLn 24e$88$88
Total functional expensesLn 25$261K$117K$144K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest ViewingFiled with the IRS Aug 14, 2021 $270K$261K$9K$11K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $269,999 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,394$20,099
I-9 Program service revenuePrior year $270,267$249,900
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $305,661$269,999
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $310,827$260,834
I-18 Total expensesPrior year $310,827$260,834
I-19 Revenue less expensesPrior year −$5,166$9,165
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
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 $269,999 across 4 lines filed
VIII-1f All other contributions, gifts and grants$20,099
VIII-1h Total contributions, gifts and grants$20,099
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $249,900$249,900
VIII-12 Total revenueRelated to mission $249,900 · Unrelated business $0 · Excluded from tax $0$269,999
Part IX · Statement of functional expenses $260,834 across 10 lines filed
IX-11b Legal feesManagement $616$616
IX-11c Accounting feesManagement $2,668$2,668
IX-11g Other fees for servicesPrograms $159 · Management $119,004$119,163
IX-13 Office expensesPrograms $63,067$63,067
IX-14 Information technologyPrograms $53,703$53,703
IX-17 TravelManagement $750$750
IX-19 Conferences, conventions and meetingsManagement $6,622$6,622
IX-22 Depreciation, depletion and amortizationManagement $8,862$8,862
IX-24 Other expenses (24a–d)Management $5,295$5,295
IX-24e All other expensesManagement $88$88
IX-25 Total functional expensesPrograms $116,929 · Management $143,905 · Fundraising $0$260,834
Part X · Balance sheet $119,561 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $27,985$46,012
X-10c Land, buildings and equipment, netStart of year $82,411$73,549
X-16 Total assetsStart of year $110,396$119,561
X-17 Accounts payable and accrued expensesStart of year $108,194$108,194
X-24 Unsecured notes and loans payableStart of year $472$472
X-26 Total liabilitiesStart of year $108,666$108,666
X-27 Net assets without donor restrictionsStart of year $1,730$10,895
X-32 Total net assets or fund balancesStart of year $1,730$10,895
X-33 Total liabilities and net assetsStart of year $110,396$119,561
Part XI · Reconciliation of net assets $10,895 net assets at year end
XI-1 Total revenue$269,999
XI-2 Total expenses$260,834
XI-3 Revenue less expenses$9,165
XI-4 Net assets at start of year$1,730
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,895

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

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