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Sparc Foundation INC FY2024 filing

Tax-deductible

Asheville, NC501(c)(3)Since 2016Human ServicesEIN 81-3036310Revenue $2.0M in FY2024

On file with the IRSthesparcfoundation.org225 E Chestnut St, 28801-2577 · Asheville, NCTax-exempt since May 2017Publicly supported charity — 170(b)(1)(A)(vi)

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SPARC ignites connections to education, employment, and mentorship to strengthen the well-being and personal freedom of people and families in need.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$90K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
3 of 5
filings with a surplus
Average surplus $8K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$90K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $75K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$190K
68% of total assets
Worth a look: liabilities are 68% of assets; over 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+0.7% vs prior year
Spent
$2.1M
To programs
84%
Net assets
$90K
By yearFY2021–FY2025
Revenue
$2.0M
FY2024▲ +0.7%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.5M
FY2022$1.5M
FY2023$2.0M
FY2024$2.0M
FY2025$2.1M
Expenses
$2.1M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.4M
FY2022$1.6M
FY2023$2.0M
FY2024$2.1M
FY2025$2.0M
Net assets
$90K
FY2024▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2021$119K
FY2022$58K
FY2023$65K
FY2024$90K
FY2025$156K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 2017.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $1.8M Management & general 14% · $299K Fundraising 2% · $42K

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

10 people listed on the 990; $90K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Jackie Latek
Executive Director
$90,464Pt VII · Sec A
Lance Crawford
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Marlo Smith
Secretary
$0Pt VII · Sec A
Brent Bailey
Board Member
$0Pt VII · Sec A
Dustiin Dow
Board Member
$0Pt VII · Sec A
Lissa Brown
Board Member
$0Pt VII · Sec A
Keynon Lake
Board Member
$0Pt VII · Sec A

Jackie Latek’s $90K as Executive Director is at the 25th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Jackie Latek$90,000$90,464—$82,286$74,868
Jackie M Latek——$89,808——

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

Helps people avoid unnecessary and costly institutional care.

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Provided by the organization

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3 programs · $1.8M · in their own filed words · FY2023
01

Family Centered Treatment

Family Centered Treatment (FCT) is an evidence- based model serving families who are at-risk of disruption or who have been disrupted due to parental abuse/neglect. Program goals are focused on increasing safety for children in their home of origin.

$1.8Mprogram expense
02

Community Violence Prevention

The PEACE Team addresses the root causes of violence by engaging youth, adults and the elderly in creating healing, empowerment, community cohesion and collective efficacy. Individual support is provided in the areas of economic stability, education access, and healthcare access to improve quality of life and wellness for those served.

Pt IX · col B
03

Domestic Violence Intervention Program

The DVIP provides a 26-week evidence- based curriculum, receiving referrals from the courts, DSS, other agencies and self-referrals. This curriculum provides psycho-education about coercion, power, and control and is focused on offender accountability.

Pt IX · col B

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 · FY2024
The Community Foundation of Western North Carolina INCFY2024$55K
Goodwill Industries of Nw North Carolina INCFY2024$20K
Total grants receivedfrom 2 funders$75K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$2.0M
Fees for servicesLn 2g$80K
Other incomeLn 4–11$4K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.8M
Managementcol C$299K
Fundraisingcol D$42K
Owns and owesPt X
$90K
net assets · Ln 32
Cash and savingsLn 1–2$86K
Total assetsLn 16$280K
LiabilitiesLn 26$190K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Government grantsLn 1e$420K
Fundraising eventsLn 1c$8K
Fees for servicesLn 2g$80K
Other incomeLn 4–11$4K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$86K
Cash and savings togetherLn 1–2$86K
Other assetsLn 15$44K
Total assetsLn 16$280K
LiabilitiesLn 26$190K
Net assetsLn 32$90K
OperationsPt I, VI
EmployeesI 545
VolunteersI 69
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$93K$86K
Total assetsLn 16$202K$280K
LiabilitiesLn 26$137K$190K
Net assetsLn 32$65K$90K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$90K$0$75K$15K
Other salaries and wagesLn 7$1.6M$1.5M$90K$18K
Payroll taxesLn 10$133K$100K$29K$4K
Accounting feesLn 11c$36K$0$36K$0
Other fees for servicesLn 11g$19K$15K$4K$287
Advertising and promotionLn 12$9K$0$9K$0
Office expensesLn 13$20K$7K$13K$0
Information technologyLn 14$20K$4K$16K$0
OccupancyLn 16$72K$54K$14K$4K
TravelLn 17$25K$20K$5K$0
InterestLn 20$2K$2K$104$0
InsuranceLn 23$15K$11K$4K$190
Other expenses (24a–d)Ln 24$45K$41K$3K$505
Total functional expensesLn 25$2.1M$1.8M$299K$42K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.1M$2.0M$68K$156K 990 PDF
FY2024 Viewing $2.0M$2.1M−$64K$90K 990 PDF
FY2023 $2.0M$2.0M$6K$65K 990 PDF
FY2022 $1.5M$1.6M−$61K$58K 990 PDF
FY2021 $1.5M$1.4M$89K$119K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,047,822 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,015,316$1,964,037
I-9 Program service revenue$80,014
I-10 Investment income$0
I-11 Other revenuePrior year $17,693$3,771
I-12 Total revenuePrior year $2,033,009$2,047,822
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,639,035$1,848,580
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $387,664$263,631
I-18 Total expensesPrior year $2,026,699$2,112,211
I-19 Revenue less expensesPrior year $6,310−$64,389
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $2,047,822 across 8 lines filed
Lines not itemized here account for $2,720 of total revenue; see the IRS return.
VIII-1c Fundraising events$7,750
VIII-1e Government grants$420,064
VIII-1f All other contributions, gifts and grants$1,536,223
VIII-1h Total contributions, gifts and grants$1,964,037
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$80,014
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $546$546
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $505$505
VIII-12 Total revenueRelated to mission $80,014 · Unrelated business $0 · Excluded from tax $3,771$2,047,822
Part IX · Statement of functional expenses $2,112,211 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $75,115 · Fundraising $15,385$90,500
IX-7 Other salaries and wagesPrograms $1,516,623 · Management $90,125 · Fundraising $18,290$1,625,038
IX-10 Payroll taxesPrograms $99,782 · Management $29,269 · Fundraising $3,991$133,042
IX-11c Accounting feesPrograms $0 · Management $36,250 · Fundraising $0$36,250
IX-11g Other fees for servicesPrograms $14,737 · Management $4,075 · Fundraising $287$19,099
IX-12 Advertising and promotionPrograms $0 · Management $9,269 · Fundraising $0$9,269
IX-13 Office expensesPrograms $7,026 · Management $13,121 · Fundraising $0$20,147
IX-14 Information technologyPrograms $4,489 · Management $15,549 · Fundraising $0$20,038
IX-16 OccupancyPrograms $53,783 · Management $14,182 · Fundraising $3,545$71,510
IX-17 TravelPrograms $19,949 · Management $5,427 · Fundraising $0$25,376
IX-20 InterestPrograms $1,974 · Management $104 · Fundraising $0$2,078
IX-23 InsurancePrograms $11,174 · Management $3,535 · Fundraising $190$14,899
IX-24 Other expenses (24a–d)Programs $41,182 · Management $3,278 · Fundraising $505$44,965
IX-25 Total functional expensesPrograms $1,770,719 · Management $299,299 · Fundraising $42,193$2,112,211
Part X · Balance sheet $279,955 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $92,763$86,314
X-3 Pledges and grants receivable$144,308
X-9 Prepaid expenses and deferred chargesStart of year $2,790$5,790
X-15 Other assetsStart of year $3,000$43,543
X-16 Total assetsStart of year $201,886$279,955
X-17 Accounts payable and accrued expensesStart of year $72,171$125,086
X-24 Unsecured notes and loans payableStart of year $65,024$24,749
X-25 Other liabilities$39,887
X-26 Total liabilitiesStart of year $137,195$189,722
X-27 Net assets without donor restrictionsStart of year $64,691$87,477
X-28 Net assets with donor restrictions$2,756
X-32 Total net assets or fund balancesStart of year $64,691$90,233
X-33 Total liabilities and net assetsStart of year $201,886$279,955
Part XI · Reconciliation of net assets $90,233 net assets at year end
XI-1 Total revenue$2,047,822
XI-2 Total expenses$2,112,211
XI-3 Revenue less expenses−$64,389
XI-4 Net assets at start of year$64,691
XI-8 Prior period adjustments$89,931
XI-10 Net assets at end of year$90,233

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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