Synaptic Sparks INC EIN 46-2574583

Synaptic Sparks INC

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Empowering youth with technology to foster critical thinking and creative problem-solving. For fiscal year 2020 it reported $270K in revenue, $261K in expenses, and $11K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Orlando, FL
Website
www.synapticsparks.org
Filings
1 on file (2020–2020)
Revenue
$270KFY2020
Expenses
$261K
Net assets
$11K
People
8
Filings
1
Updates
0
More identity details & actions ⌄
EIN  46-2574583 Unknown exempt organization Orlando, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowering youth with technology to foster critical thinking and creative problem-solving.
Leadership
Money in and out
$270K revenue, $261K expenses
Bottom line
+3% surplus margin
Reported financial activity · FY2020
Total revenue
$270K
Pt VIII · Ln 12
Total expenses
$261K
Pt IX · Ln 25
Net assets
$11K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9K
Where spending went · Part IX cols B–D
Program services $0.45 Management & general $0.55
Surplus margin
+3%
revenue over expenses, this year
Program spending
45%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total revenue
$270K
Pt VIII · Ln 12
Total expenses
$261K
Pt IX · Ln 25
Net assets
$11K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9K
Total assetsPt X · Ln 16$120K
Program-expense ratioPt IX · col B45%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $117K of program spending, described in the organization's 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…

$117Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSynaptic Sparks INC
EINHdr · item D46-2574583
Principal addressHdr · item COrlando, FL
WebsiteHdr · item Jwww.synapticsparks.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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
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Statement of Revenue

Part VIII
Program service revenue$250K · 93%
Contributions & grants$20K · 7%
Program service revenue93%$250K
Contributions & grants7%$20K
Total revenueLn 12$270K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.45 Management & general $0.55
Program services45%$117K
Management & general55%$144K
Total functional expensesLn 25$261K

Balance Sheet

Part X · end of year
CashLn 1$46K
Total assetsLn 16$120K
Total liabilitiesLn 26$109K
Total net assetsLn 32$11K
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $46K · Operating expenses/yr $261K
2.1 months
Where the money goes
Program services
Program services $117K · Total expenses $261K
45%
Management & General
Management & general $144K · Total expenses $261K
55%
Fundraising
Fundraising $0 · Total expenses $261K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $20K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $20K · Total revenue $270K
7%
Government reliance
Government grants — · Total revenue $270K
Earned-income share
Program service revenue $250K · Total revenue $270K
93%
Investment reliance
Investment income $0 · Total revenue $270K
0%
Program self-sufficiency
Program service revenue $250K · Total expenses $261K
96%
Growth & trend
Revenue growth (YoY)
This year $270K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $11K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $270K · Expenses $261K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $120K
Net-asset ratio
Net assets $11K · Total assets $120K
9%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $120K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael Kalaf · Reported title COO · Highest reported compensation $0 · Total expenses $261K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $261K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 45%
Overhead ratio 55%
Fundraising cost ratio 0%
Legal fee ratio 0.2%
Accounting fee ratio 1%

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.

Grants

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

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2020 (Latest)$270K revenue · viewing · ⤓ 990 PDF

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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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