Is it real?
Yes. Exemption reinstated (2022-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Dec 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
66 cents of each dollar spent went to programs.
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
7 people listed on the 990.
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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 15aNo
Programs and updates
Provides financial and educational services to distressed communities to promote social welfare.
Questions for Spark Capital
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Educational services will be provided in the form of technical assistance to individuals seeking to form organizations and established organizations that plan to develop poor and distressed communities by providing housing and amenities for low- and moderate-income populations.
Spark capital will issue loans to recipient organizations to finance community development projects, including affordable housing projects, commercial projects and community development projects (such as healthcare and educational facilities).
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $579K | $2.4M |
| InvestmentsLn 11–13 | $0 | $195K |
| Total assetsLn 16 | $1.6M | $2.6M |
| LiabilitiesLn 26 | $0 | $580K |
| Net assetsLn 32 | $1.6M | $2.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $137K | $91K | $40K | $6K |
| Pension plan contributionsLn 8 | $2K | $1K | $595 | $94 |
| Other employee benefitsLn 9 | $18K | $12K | $5K | $809 |
| Payroll taxesLn 10 | $10K | $7K | $3K | $469 |
| Legal feesLn 11b | $2K | $1K | $586 | $93 |
| Accounting feesLn 11c | $10K | $7K | $3K | $459 |
| Other fees for servicesLn 11g | $97K | $65K | $28K | $4K |
| Advertising and promotionLn 12 | $7K | $5K | $2K | $311 |
| Office expensesLn 13 | $4K | $3K | $1K | $204 |
| OccupancyLn 16 | $3K | $2K | $894 | $141 |
| Conferences, conventions and meetingsLn 19 | $4K | $3K | $1K | $176 |
| InterestLn 20 | $517 | $343 | $150 | $24 |
| InsuranceLn 23 | $3K | $2K | $768 | $121 |
| Other expenses (24a–d)Ln 24 | $550 | $365 | $160 | $25 |
| Total functional expensesLn 25 | $298K | $198K | $86K | $14K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.9M | $685K | $1.3M | $4.3M | 990 PDF |
| FY2023 | $1.2M | $637K | $586K | $3.5M | 990 PDF |
| FY2022 | $1.4M | $344K | $1.1M | $3.1M | 990 PDF |
| FY2021 Viewing | $760K | $298K | $462K | $2.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $759,503 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 3 to look at
Part VIII · Statement of revenue $759,503 across 5 lines filed
Part IX · Statement of functional expenses $297,672 across 14 lines filed
Part X · Balance sheet $2,607,218 assets, 12 lines filed
Part XI · Reconciliation of net assets $2,027,336 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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