Spark Institute Inc

Organization Overview

Spark Institute Inc is located in Simsbury, CT. The organization was established in 2012. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Spark Institute Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spark Institute Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2022, Spark Institute Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE SPARK INSTITUTE, INC. ("SPARK") HELPS TO SHAPE NATIONAL RETIREMENT POLICY BY PROVIDING RESEARCH, EDUCATION, TESTIMONY AND COMMENTS ON PENDING LEGISLATIVE AND REGULATORY ISSUES TO MEMBERS OF CONGRESS AND RELEVANT GOVERNMENT AGENCY OFFICIALS. WE HELP SHAPE NATIONAL RETIREMENT POLICY BY DEVELOPING AND ADVANCING POSITIONS ON CRITICAL ISSUES THAT AFFECT PLAN SPONSORS, PARTICIPANTS, SERVICE PROVIDERS, AND INVESTMENT PROVIDERS. OUR MEMBERS INCLUDE RECORD KEEPERS, MUTUAL FUND COMPANIES, BROKERAGE FIRMS, INSURANCE COMPANIES, BANKS, CONSULTANTS, TRADE CLEARING FIRMS AND INVESTMENT MANAGERS. OUR MEMBERS PLAY A KEY ROLE IN IDENTIFYING OUR PRIORITIES AND IN DEVELOPING THE POSITIONS WE TAKE ON CRITICAL ISSUES. COLLECTIVELY, OUR MEMBERSHIP SERVICES APPROXIMATELY 100 MILLION EMPLOYER- SPONSORED PARTICIPANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SHAPE NATIONAL RETIREMENT POLICY PROVIDING RESEARCH, EDUCATION, TESTIMONY AND COMMENTS ON PENDING LEGISLATIVE AND REGULATORY ISSUES TO MEMBERS OF CONGRESS AND RELEVANT GOVERNMENT AGENCY OFFICIALS. OUR MEMBERS PLAY A KEY ROLE IN IDENTIFYING OUR PRIORITIES AND IN DEVELOPING THE POSITIONS WE TAKE ON CRITICAL ISSUES.


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Board, Officers & Key Employees

Name (title)Compensation
Timothy Rouse
Executive Di
$528,485
Marlene D Jung
COO And CFO
$201,000
Craig Bellarosa
Director
$0
Bob Gain
Director
$0
Rick Irace
Director
$0
John Mccarthy
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,835,355
Investment income $2,121
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 $1,837,476

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