Overview
What is Spark Friends Inc?
Spark Friends Inc is a dedicated nonprofit organization situated in an unspecified location. Their primary mission is to preserve and maintain Riverbank Park, ensuring its longevity and beauty for the community. They accomplish this through various programs, including the engaging Spring and Fall community learning events. By participating in these events and initiatives, Spark Friends Inc aims to foster a sense of community and connection with the park, ultimately benefiting its visitors and the local area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating. This rating reflects the organization’s score based entirely on its Accountability & Finance metrics, which is an important aspect for potential donors looking to assess the reliability and transparency of a nonprofit.
Spark Friends Inc demonstrates strengths in several key areas, such as having a fully independent board with 12 members and no material diversion of assets. Their conflict of interest policy is well-documented, and they maintain transparency by providing board meeting minutes. The organization has a strong liabilities to assets ratio of 0.00%, indicating sound financial management.
However, the program expense ratio is 63.82%, which, while indicating that a significant portion of expenses goes towards programs, falls slightly short of the ideal range expected by some donors. This aspect of their financial performance may warrant further analysis for those interested in the efficiency and impact of the charity’s initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Spark Friends Inc legitimate?
Spark Friends Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spark Friends Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Spark Friends Inc?
Spark Friends Inc, as an organization, is committed to preserving and maintaining Riverbank Park. This is achieved through their various programs, with a notable focus on the Spring and Fall community learning initiatives. The mission of Spark Friends Inc is to ensure the continued well-being and upkeep of Riverbank Park, fostering a sense of community engagement and environmental stewardship. By offering educational programs and actively maintaining the park, Spark Friends Inc contributes to the overall enjoyment and sustainability of the park for the benefit of the local community.
Who is the CEO of Spark Friends Inc?
Nancy Zak is the President of Spark Friends Inc.
What is the revenue of Spark Friends Inc?
Spark Friends Inc's revenue in 2022 was $11,063.
Who are the executives of Spark Friends Inc and what are their salaries?
There 5 volunteers at Spark Friends Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Spark Friends Inc?
Spark Friends Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spark Friends Inc
Spark Friends Inc, a dedicated organization, is committed to preserving and maintaining Riverbank Park. Their mission is carried out through various programs, with a particular focus on community learning events held during the Spring and Fall seasons. By engaging with the local community, Spark Friends Inc ensures the park remains well-maintained and cherished by its visitors. The organization's efforts contribute to creating a welcoming and sustainable environment for all who enjoy the amenities Riverbank Park has to offer.
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Impact
August, 2024
Spark Friends Inc has a significant impact on the community of Newark, NJ by preserving and maintaining Riverbank Park. Through its programs such as the Spring and Fall community learning programs, Spark Friends provides opportunities for local residents to engage with nature, learn new skills, and foster a sense of community. The organization's efforts contribute to the beautification and sustainability of the park, creating a welcoming and vibrant space for all to enjoy.
This information is meant to be a general summary of Spark Friends Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $11,063
Assets and Liabilities:
- Total Assets: $7,280
- Total Liabilities: $0
- Net Assets: $7,280
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Organization Details
Founding Year
2000
Phone
(973) 465-0555Principal Officer
Nancy Zak
Main Address
272 WALNUT STREET, NEWARK, NJ, 071051722
NTEE Category
Code: A80 - Arts
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