The Cypress Initiative Inc
- Assets
- $232.6k
- Revenue
- $894.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Brandon, FL
- Founding
- 07/2007
- Data as of
- 12/2023
- EIN
- 20-8378337
Organization Overview
The Cypress Initiative Inc, operating under the name The Spark Initiative Inc, is located in Brandon, FL. The organization was established in 2007. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2023, Spark Initiative Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spark Initiative 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 12/2023, Spark Initiative Inc generated $894.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $924.0k during the year ending 12/2023. While expenses have increased by 19.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A NONPROFIT ORGANIZATION WHOSE MISSION IS TO CULTIVATE HUMAN POTENTIAL RESILIENCY LOCALLY AND GLOBALLY THROUGH EDUCATION, MENTORSHIP, AND PROGRAMMING CENTERED ON AN UNDERSTANDING OF THE MIND THAT SPARKS INNATE MENTAL HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPARK INITIATIVE, INC. IS DEDICATED TO WORKING WITH YOUTH AT-RISK, SEX TRAFFICKING SURVIVORS, AND INCARCERATED JUVENILES, MILITARY VETERANS, AND ADULT WOMEN. THE SPARK INITIATIVE PROVIDES EVIDENCE-BASED MENTAL HEALTH EDUCATION AND MENTORING SERVICES THROUGH THEIR SELF-DEVELOPED SPARK MENTORING AND INSIGHT TO WELL-BEING CURRICULUM. GLOBALLY, THE ORGANIZATION ALSO TRAINS OTHER EDUCATIONAL INSTITUTES, COMMUNITY ORGANIZATIONS, AND INDIVIDUALS TO DO THE SAME THORUGH THE USE OF THEIR PROGRAMS. THE OVERALL GOAL OF THESE PROGRAMS IS TO UNCOVER HUMAN POTENTIAL AND RESILIENCE, SPARK INNATE MENTAL HEALTH, AND PROMOTE HEALTHY RELATIONSHIPS AND CONNECTEDNESS THROUGHOUT THE COMMUNITY AND THE WORLD. THE ORGANIZAAITON ALSO WORKS TO ENCOURAGE, ESTABLISH, MAINTAIN, AND PARTICIPATE IN COLLABORATIVE PARTNERSHIPS WITH LIKE-MINDED ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooke Wheeldon-Reece CEO | Officer | 50 | $114,000 |
James Hird Director | Trustee | 10 | $0 |
Ron Mcvety Director | Trustee | 10 | $0 |
Cally Bekhor President | Officer | 10 | $0 |
Bruce Mitchell Treasurer | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $13,333 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $209,932 |
| All other contributions, gifts, grants, and similar amounts not included above | $637,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $860,864 |
| Total Program Service Revenue | $0 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,293 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $894,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $114,000 |
| Compensation of current officers, directors, key employees. | $12,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $406,859 |
| Pension plan accruals and contributions | $11,172 |
| Other employee benefits | $17,238 |
| Payroll taxes | $40,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,731 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,726 |
| Office expenses | $0 |
| Information technology | $72,834 |
| Royalties | $0 |
| Occupancy | $34,354 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,656 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $576 |
| Insurance | $2,339 |
| All other expenses | $50,995 |
| Total functional expenses | $924,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,931 |
| Savings and temporary cash investments | $25,348 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,927 |
| 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 | $4,048 |
| Net Land, buildings, and equipment | $7,241 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,122 |
| Total assets | $232,617 |
| Accounts payable and accrued expenses | $5,621 |
| Grants payable | $0 |
| Deferred revenue | $175,389 |
| 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 | $0 |
| Total liabilities | $181,010 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $51,607 |
| Total liabilities and net assets/fund balances | $232,617 |