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

The@spark FY2022 filing

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Inspires, educates, and empowers artists and the community through creative productions and training. For fiscal year 2022 it reported $266K in revenue, $276K in expenses, and $-18K 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 (2020–2022)
Revenue
$266KFY2022
Expenses
$276K
Net assets
$-18K
People
7
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 FY2022 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
Nikki Weber · Company Manager · $13K
Money in and out
$266K revenue, $276K expenses
Bottom line
37% program efficiency
Where the money goes · FY2022
Total revenue
$266K
Pt VIII · Ln 12
Total expenses
$276K
Pt IX · Ln 25
Net assets
$-18K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$10K
Where spending went · Part IX cols B–D
Program services $0.37 Management & general $0.63 Fundraising $0.00
Program efficiency
37%
of spending reaches programs
Operating runway
1.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$266K
FY2022▲ +53%
Expenses
$276K
FY2022▲ +28%
Total assets
$162K
FY2022▲ +46%
Total liabilities
$180K
FY2022▲ +52%
Total revenue
$266K
Pt VIII · Ln 12
Total expenses
$276K
Pt IX · Ln 25
Net assets
$-18K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$10K
Total assetsPt X · Ln 16$162K
Program-expense ratioPt IX · col B37%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

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 (FY2021); the FY2022 filing did not itemize Part VII
Company Manager
$12,725Pt VII · Sec A
$8,160Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nikki Weber’s $31K as Company Manager is at the 26th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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 · 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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Mission & Programs · Part III

Where the work happens

3 program services account for $86K of program spending, described in the organization's own filed words · FY2021.
01

Ticket Sales for Shows Such as

Matilda & Into the Woods. Tickets are bought by community members to gain admission to the productions. The Spark is commiteed to bringing musical theater to Boulder through multi-generational production process and contemporary outreach programs.

$80Kprogram expense
02

Educational registrations 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 teh opportunity to work side by side with professional artists in a mentorship production model.

$3Kprogram expense
03

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

$3Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$192K · 72%
Contributions & grants$74K · 28%
Program service revenue72%$192K
Contributions & grants28%$74K
Investment income$34
— government grantsLn 1e$67K
Total revenueLn 12$266K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.37 Management & general $0.63 Fundraising $0.00
Program services37%$102K
Management & general63%$174K
Fundraising$219
Total functional expensesLn 25$276K

Balance Sheet

Part X · end of year
CashLn 1$35K
Total assetsLn 16$162K
Total liabilitiesLn 26$180K
Total net assetsLn 32$-18K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $35K · Operating expenses/yr $276K
1.5 months
Where the money goes
Program services
Program services $102K · Total expenses $276K
37%
Management & General
Management & general $174K · Total expenses $276K
63%
Fundraising
Fundraising $219 · Total expenses $276K
0.08%
Cost to raise $1
Fundraising expense (3-yr avg) $73 · Solicited contributions (3-yr avg) $5K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $74K · Total revenue $266K
28%
Government reliance
Government grants $67K · Total revenue $266K
25%
Earned-income share
Program service revenue $192K · Total revenue $266K
72%
Investment reliance
Investment income $34 · Total revenue $266K
+0.01%
Program self-sufficiency
Program service revenue $192K · Total expenses $276K
70%
Growth & trend
Revenue growth (YoY)
This year $266K · Prior year $174K
+53%
Net-asset trend (YoY)
End of year $-18K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $266K · Expenses $276K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $162K
Net-asset ratio
Net assets $-18K · Total assets $162K
-11%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $162K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nikki Weber · Reported title Company Manager · Highest reported compensation $13K · Total expenses $276K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $53K · Total expenses $276K
19%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 37%
Overhead ratio 63%
Fundraising cost ratio 0.3%
Revenue growth 53%
Accounting fee ratio 0.6%

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 · viewing · ⤓ 990 PDF
FY2021$174K revenue · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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