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

The@spark FY2024 filing

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Inspires, educates, and empowers artists and the community through creative productions and training. For fiscal year 2024 it reported $362K in revenue, $348K in expenses, and $-76K 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 (2020–2024)
Revenue
$362KFY2024
Expenses
$348K
Net assets
$-76K
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)
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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 · $31K
Money in and out
$362K revenue, $348K expenses
Bottom line
34% program efficiency
Where the money goes · FY2024
Total revenue
$362K
Pt VIII · Ln 12
Total expenses
$348K
Pt IX · Ln 25
Net assets
$-76K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $14K
Where spending went · Part IX cols B–D
Program services $0.34 Management & general $0.66
Program efficiency
34%
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 2024 · Form 990
Revenue
$362K
FY2024▲ +60%
Expenses
$348K
FY2024▲ +53%
Total assets
$87K
FY2024▼ -40%
Total liabilities
$163K
FY2024▼ -6%
Total revenue
$362K
Pt VIII · Ln 12
Total expenses
$348K
Pt IX · Ln 25
Net assets
$-76K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$14K
Total assetsPt X · Ln 16$87K
Program-expense ratioPt IX · col B34%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $105K of program spending, described in the organization's own filed words · FY2023.
01

Ticket sales for shows. Our productions are a result of our mentorship training model. Tickets are bought by the community to gain admission to the productions.

$86Kprogram expense
02

Space rentals for creatives. This includes studio and performance space. Artists are also supported with resources to help grow their brands. These artists collaborate with The Spark to produce perfromances and lead educational workshops for the community.

$14Kprogram expense
03

Program registrations for educational classes, workshops, and shows. Students work with highly qualified teachers and artistic teams throughout all programs. Our program follows a mentorship model for youth development where students work side by side in an educational setting to grow in thier craft.

$6Kprogram 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 1bpending
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Company Manager
$31,436Pt VII · Sec A
$12,190Pt VII · Sec A
$9,620Pt VII · Sec A
Board Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Nikki Weber’s $31K as Company Manager is at the 26th percentile of top reported officer pay among 2213 $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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Statement of Revenue

Part VIII
Program service revenue$239K · 66%
Contributions & grants$123K · 34%
Program service revenue66%$239K
Contributions & grants34%$123K
Investment income$23
— government grantsLn 1e$110K
Total revenueLn 12$362K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.34 Management & general $0.66
Program services34%$118K
Management & general66%$230K
Total functional expensesLn 25$348K

Balance Sheet

Part X · end of year
CashLn 1$45K
Total assetsLn 16$87K
Total liabilitiesLn 26$163K
Total net assetsLn 32$-76K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $45K · Operating expenses/yr $348K
1.5 months
Where the money goes
Program services
Program services $118K · Total expenses $348K
34%
Management & General
Management & general $230K · Total expenses $348K
66%
Fundraising
Fundraising $0 · Total expenses $348K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $73 · Solicited contributions (3-yr avg) $14K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $123K · Total revenue $362K
34%
Government reliance
Government grants $110K · Total revenue $362K
30%
Earned-income share
Program service revenue $239K · Total revenue $362K
66%
Investment reliance
Investment income $23 · Total revenue $362K
<0.01%
Program self-sufficiency
Program service revenue $239K · Total expenses $348K
69%
Growth & trend
Revenue growth (YoY)
This year $362K · Prior year $227K
+60%
Revenue CAGR
FY2019 $160K · FY2023 $362K
+23%
Net-asset trend (YoY)
End of year $-76K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $362K · Expenses $348K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $87K
Net-asset ratio
Net assets $-76K · Total assets $87K
-87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $87K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nikki Weber · Reported title Company Manager · Highest reported compensation $31K · Total expenses $348K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $58K · Total expenses $348K
17%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 34%
Overhead ratio 66%
Fundraising cost ratio 0%
Revenue growth 60%

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 · viewing · ⤓ 990 PDF
FY2023$227K revenue · ⤓ 990 PDF
FY2022$266K revenue · ⤓ 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) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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