Sparkshare Inc
- Assets
- $71.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 81-4004922
Organization Overview
Sparkshare Inc is located in Boston, MA. The organization was established in 2017. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sparkshare 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 12/2021, Sparkshare Inc generated $127.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $103.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE SPARKSHARE NETWORK EMPOWERS THE NEXT GENERATION OF PROBLEM SOLVERS BY CREATING A VIBRANT NETWORK IN WHICH HIGH SCHOOL AGE TEMS OF YOUTH, ALONG WITH NONPROFIT AND FOR-PROFIT ORGANIZATIONS WORK TOGETHER TO SOLVE THE PROBLEMS THAT MATTER TO ALL OF US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Spaloss Director | 0 | $0 | |
Evan Harrel Treasurer & Director | 0 | $0 | |
Ben Lund Director | 0 | $0 | |
Neil Silverston Executive Director & Director | 40 | $0 | |
Marsha Alperin Chairperson & Director | 0 | $0 | |
Alan Khazei Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,716 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $127,716 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $87,468 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $3,235 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,050 |
| Total expenses | $103,753 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,084 |
| Other assets | $0 |
| Total assets | $71,726 |
| Total liabilities | $6,180 |
| Net assets or fund balances | $65,546 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Sparkshare Inc has recieved totaling $31,000.
| Awarding Organization | Amount |
|---|---|
Church Home Society Boston, MA PURPOSE: YOUTH PROGRAM | $10,000 |
Bain Capital Childrens Charity Ltd Boston, MA PURPOSE: Pushes youth to develop their ideas | $10,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Alan D & Susan Lewis Solomont Family Foundation Boston, MA PURPOSE: UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imentor Incorporated New York, NY | $37,583,739 | $20,234,827 |
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Vermont Permanency Initiative Inc Plymouth, NH | $11,154,700 | $16,308,251 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Childrens Workshop Foundation Central Falls, RI | $4,705,230 | $8,734,108 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |