Spark Program Inc
- Assets
- $771.6k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 31
- Location
- Chicago, IL
- Founding
- 02/2005
- Data as of
- 06/2021
- EIN
- 20-1836547
Organization Overview
Spark Program Inc is located in Chicago, IL. The organization was established in 2005. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Spark Program Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spark Program Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Spark Program Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPARK ENGAGES COMMUNITIES TO PROVIDE CAREER EXPLORATION AND SELF-DISCOVERY OPPORTUNITIES THAT HELP MIDDLE SCHOOL STUDENTS UNDERSTAND, EXPERIENCE AND PURSUE WHAT'S POSSIBLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS YOUNG TEENS TRANSITION TO YOUNG ADULTS, ITS THE BEST TIME TO SHOW THEM WHATS POSSIBLE. ITS ALSO A TIME WHEN 7TH, 8TH, AND 9TH GRADE STUDENTS FROM UNDERSERVED COMMUNITIES RISK ACADEMIC DISENGAGEMENT. SPARKS PROVEN MODEL INTERVENES EARLY TO REACH STUDENTS IN THE MIDDLE GRADES AT THIS CRITICAL INFLECTION POINT. SPARK EMBOLDENS STUDENTS TO SUCCEED IN HIGH SCHOOL AND BEYOND BY CONNECTING THEM WITH MENTORS IN LEADING WORKPLACES AND INSPIRING THEIR ACADEMIC JOURNEY.ONE-TO-ONE MENTORSHIPS ARE SUPPLEMENTED WITH SKILL BUILDING, WORKSHOPS AND RESOURCES FOR STUDENTS AND THEIR FAMILIES. SPARK MENTORS AND PARTNERS ALSO BENEFIT WITH VOLUNTEERS GAINING LEADERSHIP EXPERIENCE, BUSINESSES CONNECTING WITH LOCAL
COMMUNITIES AND SCHOOLS GAINING EXPERIENTIAL LEARNING OPPORTUNITIES. TOGETHER, SPARK AND ITS PARTNERS EMPOWER THE NEXT GENERATION TO PERFORM BETTER IN SCHOOL, GRADUATE ON TIME AND SUCCEED IN CAREER AND LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Keefe CEO | Officer | 40 | $132,560 |
Lance Russel CFO | Officer | 40 | $16,226 |
Mary-Ragan Macgill Board Chair | OfficerTrustee | 5 | $0 |
Ben Rowe Treasurer | OfficerTrustee | 1 | $0 |
Charles Calloway Vice Chair | OfficerTrustee | 5 | $0 |
Griffin Gordon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,731,958 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,810,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $222,694 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $853,614 |
| Pension plan accruals and contributions | $26,362 |
| Other employee benefits | $143,993 |
| Payroll taxes | $89,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $335 |
| Fees for services: Accounting | $86,764 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,193 |
| Advertising and promotion | $1,783 |
| Office expenses | $31,839 |
| Information technology | $29,464 |
| Royalties | $0 |
| Occupancy | $65,799 |
| Travel | $7,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $492 |
| Insurance | $25,162 |
| All other expenses | $0 |
| Total functional expenses | $1,841,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $601,517 |
| Savings and temporary cash investments | $5 |
| Pledges and grants receivable | $130,695 |
| Accounts receivable, net | $5,349 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,629 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,800 |
| Total assets | $771,612 |
| Accounts payable and accrued expenses | $22,931 |
| Grants payable | $10,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $279,800 |
| Total liabilities | $312,731 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $458,881 |
Grants Awarded
Over the last fiscal year, Spark Program Inc has awarded $44,493 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL | | $34,493 |
Philadelphia, PA | | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Spark Program Inc has recieved totaling $181,910.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $54,395 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $50,000 |
Donley Foundation Radnor, PA PURPOSE: CAREER EXPLORATION & SELF-DISCOVERY OPPORTUNITIES FOR MIDDLE SCHOOL STUDENTS ON CHICAGO'S WEST SIDE | $15,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Youth Development | $10,500 |
Philadelphia Foundation Philadelphia, PA PURPOSE: TRANSITION SUPPORT | $10,000 |
| $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverbend Head Start Delegate Inc Alton, IL | $2,230,032 | $11,645,370 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Academy For Urban School Leadership Chicago, IL | $9,385,123 | $10,302,671 |
Primo Center For Women And Children Chicago, IL | $5,281,489 | $8,337,109 |
North Chicago Education Fund Chicago, IL | $29,249,144 | $33,611 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
Rockford Rescue Mission Ministries Rockford, IL | $21,367,986 | $9,020,470 |
Hands Of Hope Of Illinois Joliet, IL | $1,296,526 | $5,994,753 |
Communities In Schools Of Chicago Chicago, IL | $8,973,055 | $9,274,759 |
Uw-Platteville Real Estate Foundation Inc Platteville, WI | $45,856,338 | $5,901,983 |
Iowa Western Community College Foundation Council Bluffs, IA | $36,011,501 | $4,880,435 |