Spark Microgrants is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Spark Microgrants employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spark Microgrants 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 12/2021, Spark Microgrants generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 19.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPARK HAS SO FAR WORKED WITH 500+ VILLAGES WHO HAVE USED THE SPARK PROCESS TO COLLECTIVELY LAUNCH MORE THAN 540 LOCAL IMPACT PROJECTS, BENEFITING OVER 500,000 LIVES. OUR TEAM OF 50+ PEOPLE IS SPREAD ACROSS FOUR COUNTRIES IN EAST AFRICA AND THE US, ADVOCATING FOR COMMUNITY-DRIVEN DEVELOPMENT PRACTICES AND PUTTING OUR COMMUNITIES' NEEDS AT THE FOREFRONT OF ALL OUR WORK. SPARK'S FACILITATED COLLECTIVE ACTION PROCESS (FCAP) CURATES VILLAGE 'TOWN-HALL' STYLE WEEKLY MEETINGS, IN WHICH VILLAGE MEMBERS COME TOGETHER TO PARTICIPATE IN VILLAGE PLANNING. THROUGH THIS PROCESS, EACH VILLAGE DEMOCRATICALLY ELECTS AN INCLUSIVE LEADERSHIP COMMITTEE, ESTABLISHES A VILLAGE SAVINGS ACCOUNT, AND DECIDES A PROJECT OF THEIR CHOICE, AND IMPLEMENTS THE PROJECT WITH AN $8,000 MICROGRANT, RESULTING IN STRONG, SELF-RELIANT COMMUNITIES WITH IMPROVED LIVELIHOODS AND SOCIAL COHESION. AFTER YEARS OF REFINING THIS COMMUNITY ORGANIZING AND SEED FUNDING MODEL FOR VILLAGE ACTION, WE ARE NOW TRAINING AND SUPPORTING INSTITUTIONS, NATIONAL GOVERNMENTS AND LOCAL CIVIL SOCIETY ORGANIZATIONS TO ADOPT AND IMPLEMENT OUR APPROACH FOR GLOBAL REPLICATION.IN JANUARY 2020, LOCAL ADMINISTRATIVE ENTITIES DEVELOPMENT AGENCY (LODA) SIGNED AN MOU WITH SPARK FOR A STRATEGIC COLLABORATION TO (A) DEVELOP A NATIONAL FRAMEWORK FOR PARTICIPATORY VILLAGE PLANNING FOR ALL 14,000 VILLAGES IN RWANDA; AND (B) STRENGTHEN EXISTING DECENTRALIZATION INITIATIVES BY BUILDING ON RWANDAN HISTORICAL TRADITIONS. UNDER THE LEADERSHIP OF THE GOVERNMENT OF RWANDA, THE ADVANCING CITIZEN ENGAGEMENT PROJECT WHICH KICKED OFF IN 2021, IS FINANCED BY THE JAPAN SOCIAL DEVELOPMENT FUND AND COMIC RELIEF. THE OBJECTIVE OF THE PROJECT IS TO IMPROVE LIVELIHOODS FOR 17,750 HOUSEHOLDS/76,000 PEOPLE AND THE CAPACITY OF VILLAGES AND NATIONAL AND LOCAL GOVERNMENT FOR CITIZEN ENGAGEMENT IN 249 VILLAGES IN RWANDA. THE OBJECTIVE WILL BE ACHIEVED THROUGH A SET OF ACTIVITIES COMBINING SUSTAINABLE LIVELIHOOD GRANTS FOR POOR, RURAL VILLAGES AND CAPACITY BUILDING FOR DISTRICT, SECTOR, CELL AND VILLAGE OFFICIALS AND VILLAGES ON INCLUSIVE, PARTICIPATORY PLANNING. THE EXPERIENCE OF THE GRANTS AND THE CAPACITY-BUILDING SUPPORT IN THE JSDF PILOT AREAS WILL BE CAPTURED THROUGH PARTNERSHIP WITH NATIONAL AND LOCAL GOVERNMENT OFFICIALS IN A NEW FRAMEWORK FOR PARTICIPATORY VILLAGE PLANNING, WHICH WILL BE APPLIED ACROSS RWANDA. THE PROJECT IS BEING IMPLEMENTED IN FOUR DISTRICTS, SEVEN SECTORS AND 249 VILLAGES, WHICH CONSTITUTES 10-12 PERCENT OF THE VILLAGES IN THE PROJECT DISTRICTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Alexandra Fisher Executive Director And Co-Founder | OfficerTrustee | 50 | $136,000 |
Lisa Jackson Chair | OfficerTrustee | 2 | $0 |
Jonathan Jackson Finance Chair | OfficerTrustee | 2 | $0 |
Sam Bonsey Vice Chair | Trustee | 2 | $0 |
Kara Weiss Governance Chair | Trustee | 2 | $0 |
Stacey Faella Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,784,500 |
All other contributions, gifts, grants, and similar amounts not included above | $3,158,603 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,943,103 |
Total Program Service Revenue | $0 |
Investment income | $384 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$7,029 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,942,575 |
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 | $281,493 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $146,021 |
Compensation of current officers, directors, key employees. | $35,045 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,347,513 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $94,607 |
Payroll taxes | $82,901 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $31,788 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $4,250 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $106,849 |
Advertising and promotion | $0 |
Office expenses | $106,039 |
Information technology | $17,311 |
Royalties | $0 |
Occupancy | $33,013 |
Travel | $51,434 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $25,204 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,110 |
Insurance | $2,893 |
All other expenses | $1,625 |
Total functional expenses | $2,689,322 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,774,413 |
Savings and temporary cash investments | $14,107 |
Pledges and grants receivable | $4,770,270 |
Accounts receivable, net | $0 |
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 | $23,196 |
Net Land, buildings, and equipment | $22,948 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $17,658 |
Total assets | $6,622,592 |
Accounts payable and accrued expenses | $287,299 |
Grants payable | $0 |
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 | $0 |
Total liabilities | $287,299 |
Net assets without donor restrictions | $783,150 |
Net assets with donor restrictions | $5,552,143 |
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 | $0 |
Total liabilities and net assets/fund balances | $6,622,592 |
Over the last fiscal year, we have identified 9 grants that Spark Microgrants has recieved totaling $550,055.
Awarding Organization | Amount |
---|---|
Imago Dei Fund Boston, MA PURPOSE: GENERAL USE | $235,000 |
Hampshire Foundation Inc Wilmington, DE PURPOSE: PROGRAM SUPPORT | $100,000 |
Vista Hermosa Pasco, WA PURPOSE: FACILITATED COLLECTIVE ACTION PROCESS IN WEST NILE | $75,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Bylo Chacon Foundation San Francisco, CA PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
Tov Vchesed Foundation Inc Monsey, NY | $610,324 | $14,594,457 |
Kolel Shomre Hachomos Of Jerusalem Inc Brooklyn, NY | $8,417,391 | $12,158,295 |
Marys Meals Usa Inc Bloomfield, NJ | $3,234,334 | $9,784,357 |
We Charity Williamsville, NY | $15,990,436 | $8,510,977 |
Big Heart Foundation Inc Clifton, NJ | $8,754,377 | $8,531,455 |
Grassroots International Inc Boston, MA | $13,759,969 | $12,517,391 |
Afsnc Inc New York, NY | $3,029,853 | $9,756,195 |
Alima Usa Inc New York, NY | $6,341,096 | $6,115,397 |
Metro World Child Foundation Inc Brooklyn, NY | $2,538,697 | $8,020,281 |
World Spiritual Awareness Forum Inc Roslyn Heights, NY | $803,724 | $7,990,339 |
Refugepoint Inc Boston, MA | $13,622,053 | $13,092,298 |
Albanian-American Development Foundation New York, NY | $216,065,025 | $9,264,607 |