South Park Area Redevelopment Committee
- Assets
- $43.4k
- Revenue
- $457.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Seattle, WA
- Founding
- 06/1975
- Data as of
- 12/2022
- EIN
- 91-0899041
Organization Overview
South Park Area Redevelopment Committee, operating under the name Sparc, is located in Seattle, WA. The organization was established in 1975. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2022, Sparc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sparc 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 12/2022, Sparc generated $457.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $518.0k during the year ending 12/2022. While expenses have increased by 8.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IN ADDITION TO PROMOTING REVITALIZATION IN SOUTH PARK, SPARC MANAGES THE SOUTH PARK NEIGHBORHOOD CENTER. THE SPNC PROVIDES OFFICE AND MEETING SPACE FOR OTHER NONPROFITS TO DO GOOD WORKS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUWAMISH VALLEY YOUTH CORPS: PROVIDES WORK OPPORTUNITY FOR 48 AT RISK TEENS. PARTICIPANTS LEARN LIFE/WORK/SOCIAL SKILLS THROUGH TARGETED LESSONS, COMPUTER TRAINING & REAL LIFE EXPERIENCE. FOCUS IS ON PUBLIC SERVICE AND IMPROVED PHYSICAL ENVIRONMENT.
ALL OTHERS: SPARTS & SPNA
SPARC: MANAGEMENT OF THE SOUTH PARK NEIGHBORHOOD CENTER, PROVIDING OFFICE AND MEETING SPACE FOR OVER 12 NONPROFIT ORGANIZATIONS. FISCAL SPONSOR FOR 6 NONPROFIT ORGANIZATIONS.
DUWAMISH ROWING CLUB: A CLUB WORKING TO BRING THE SPORT OF ROWING TO THE RESIDENTS OF SOUTH PARK, GEORGETOWN, WHITE CENTER AND HIGHLAND PARK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Hall President | OfficerTrustee | 1 | $0 |
Anna Marti Treasurer | OfficerTrustee | 1 | $0 |
William Pease Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,946 |
| Total Program Service Revenue | $390,545 |
| Investment income | $2 |
| 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 | $457,493 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,083 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,644 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $192,645 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,707 |
| Travel | $15,047 |
| 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 | $115 |
| Insurance | $20,193 |
| All other expenses | $77,091 |
| Total functional expenses | $517,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,721 |
| Savings and temporary cash investments | $2,660 |
| Pledges and grants receivable | $0 |
| 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 | $25 |
| Net Land, buildings, and equipment | $3,027 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,433 |
| Accounts payable and accrued expenses | $4,807 |
| 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 | $4,807 |
| Net assets without donor restrictions | $38,626 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $43,433 |