The@spark EIN 83-2550120 Form 990 (PDF) Claim this org

The@spark FY2021 filing

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Inspires, educates, and empowers artists and the community through creative productions and training. For fiscal year 2021 it reported $174K in revenue, $216K in expenses, and $-8K in net assets.Pt I

Founded
2018
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Boulder, CO
Website
www.thesparkcreates.org
Filings
5 on file (2020–2021)
Revenue
$174KFY2021
Expenses
$216K
Net assets
$-8K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-2550120 Public charity (501(c)(3)) Boulder, CO Founded 2018
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Inspires, educates, and empowers artists and the community through creative productions and training.
Leadership
Cecilia Pang · Secretary
Money in and out
$174K revenue, $216K expenses
Bottom line
40% program efficiency
Where the money goes · FY2021
Total revenue
$174K
Pt VIII · Ln 12
Total expenses
$216K
Pt IX · Ln 25
Net assets
$-8K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$43K
Where spending went · Part IX cols B–D
Program services $0.40 Management & general $0.60 Fundraising $0.00
Program efficiency
40%
of spending reaches programs
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-25%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$174K
FY2021▲ +9%
Expenses
$216K
FY2021▲ +16%
Total assets
$111K
FY2021▼ -35%
Total liabilities
$119K
FY2021▲ +0.6%
Total revenue
$174K
Pt VIII · Ln 12
Total expenses
$216K
Pt IX · Ln 25
Net assets
$-8K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$43K
Total assetsPt X · Ln 16$111K
Program-expense ratioPt IX · col B40%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $87K of program spending, described in the organization's own filed words · FY2020.
01

Ticket Sales for Shows Such as

42nd street and Flame the musical. Tickets are bought by community members to gain admission to the show. The Spark is committed to bringing musical theatre works to Boulder through an inter-generational productions process, and contemporary approaches.

$77Kprogram expense
02

Space Rental for creatives. This includes studio, performance, and incubator space. Space is provided to artist at an affordable rate. Artists are also provided resources to help with their success in the production process. Space is used for classes, rehearsals, performances, figure drawing events, community gatherings, and more.

$9Kprogram expense
03

Registration for classes, workshops, and shows. Students work with highly qualified teachers and artistic teams throughout any class, production, or workshop they take part in. They also are given the opportunity to work side by side with professional actors throughout the production process.

$339program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe@spark
EINHdr · item D83-2550120
Principal addressHdr · item CBoulder, CO
WebsiteHdr · item Jwww.thesparkcreates.org
Year of formationHdr · item L2018
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFJul 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Secretary
$0Pt VII · Sec A
Director of Operations
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Nikki Weber$31,436$12,725
Dillon Kenyon$12,190$23,120$8,160
Mary Beth Ward$9,620$4,000
Dillon Kenyon$1,500

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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Statement of Revenue

Part VIII
Program service revenue$161K · 93%
Contributions & grants$13K · 7%
Program service revenue93%$161K
Contributions & grants7%$13K
Investment income$3
— government grantsLn 1e$5K
Total revenueLn 12$174K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.40 Management & general $0.60 Fundraising $0.00
Program services40%$87K
Management & general60%$129K
Fundraising$1
Total functional expensesLn 25$216K

Balance Sheet

Part X · end of year
CashLn 1$35K
Total assetsLn 16$111K
Total liabilitiesLn 26$119K
Total net assetsLn 32$-8K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $35K · Operating expenses/yr $216K
2.0 months
Where the money goes
Program services
Program services $87K · Total expenses $216K
40%
Management & General
Management & general $129K · Total expenses $216K
60%
Fundraising
Fundraising $1 · Total expenses $216K
<0.01%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $4K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $13K · Total revenue $174K
7%
Government reliance
Government grants $5K · Total revenue $174K
3%
Earned-income share
Program service revenue $161K · Total revenue $174K
93%
Investment reliance
Investment income $3 · Total revenue $174K
<0.01%
Program self-sufficiency
Program service revenue $161K · Total expenses $216K
74%
Growth & trend
Revenue growth (YoY)
This year $174K · Prior year $160K
+9%
Net-asset trend (YoY)
End of year $-8K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $174K · Expenses $216K
-25%
Liabilities-to-Assets
Total liabilities — · Total assets $111K
Net-asset ratio
Net assets $-8K · Total assets $111K
-7%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $111K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cecilia Pang · Reported title Secretary · Highest reported compensation $0 · Total expenses $216K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $4K · Total expenses $216K
2%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 40%
Overhead ratio 60%
Fundraising cost ratio <0.01%
Revenue growth 9%

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$100K

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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
FY2024$362K revenue · ⤓ 990 PDF
FY2023$227K revenue · ⤓ 990 PDF
FY2022$266K revenue · ⤓ 990 PDF
FY2021$174K revenue · viewing · ⤓ 990 PDF
FY2020$160K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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