Overview
What is Ann Arbor Spark?
Ann Arbor Spark is a nonprofit organization based in Ann Arbor, Michigan, with a mission to foster regional prosperity by supporting and accelerating the growth of start-ups and early-stage companies. They provide direct and consultant services, offering affordable office space and networking events within their business incubator. By creating an ecosystem that connects start-ups with necessary resources, Ann Arbor Spark attracts innovative businesses to the region, thereby stimulating economic growth. With a strong focus on collaboration, they partner with various sectors including academia, government, and investment organizations to position Ann Arbor as a hub for innovation. In 2022, Ann Arbor Spark assisted 333 innovation start-ups, currently employing 983 full-time employees, while also nurturing 101 incubator tenants.
Official website here: www.annarborusa.com
Is Ann Arbor Spark legitimate?
Ann Arbor Spark is a legitimate nonprofit organization registered as a 501(c)(6) entity. Ann Arbor Spark 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: $841,038
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,655,011
For more financial information, click here
Official website here: www.annarborusa.com
What is the mission statement of Ann Arbor Spark?
Ann Arbor Spark, an organization dedicated to business development, works towards encouraging and supporting the growth of businesses at all stages, from start-ups to large organizations. Their mission is to position the region as a hub for innovation. They achieve this by identifying and meeting the needs of these companies and collaborating with business, academic, government, and community investment partners. Ann Arbor Spark's activities aim to accelerate, attract, expand, and retain businesses, ultimately positioning the area as a destination for innovative ventures.
Official website here: www.annarborusa.com
Who is the CEO of Ann Arbor Spark?
Paul Krutko is the Chair of Ann Arbor Spark.
Official website here: www.annarborusa.com
What is the revenue of Ann Arbor Spark?
Ann Arbor Spark's revenue in 2022 was $9,443,903.
Official website here: www.annarborusa.com
Who are the executives of Ann Arbor Spark and what are their salaries?
The average compensation at Ann Arbor Spark during 2022 was $7,874. There are 444 employees and 32 volunteers at Ann Arbor Spark.
Here are 34 key members and their salaries:
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Official website here: www.annarborusa.com
Where can I find the form 990 for Ann Arbor Spark?
Ann Arbor Spark's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.annarborusa.com
Learn more at the official website: www.annarborusa.com
Mission Statement of Ann Arbor Spark
Ann Arbor Spark, a notable organization, strives to advance its region by promoting and supporting the growth of businesses. This encompasses accelerating start-ups, attracting new businesses, aiding in expansion, and ensuring the retention of existing ones. Ann Arbor Spark identifies and fulfills the requirements of companies at various stages, from nascent start-ups to large-scale organizations. The organization collaborates with a multitude of partners, including businesses, academic institutions, government entities, and community investment partners. By doing so, it positions its region as a beacon for innovation, thereby fostering an environment conducive to business growth and development.
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Impact
October, 2024
Ann Arbor Spark plays a pivotal role in enhancing the economic landscape of the region through its focused efforts on business acceleration, attraction, expansion, and retention. By serving as a bridge between startups and established organizations, it fosters an environment ripe for innovation and growth.
The organization provides vital incubator and accelerator services that enable early-stage companies to thrive. Not only does Spark offer affordable spaces for startups to co-locate, but it also facilitates educational and networking events, creating a rich ecosystem that connects entrepreneurs with essential resources. This nurturing environment has a direct impact on the economic vitality of the region, illustrated by the support provided to 333 innovation startups in 2022 alone, which collectively employ 983 full-time equivalents.
Additionally, Spark's collaboration with various stakeholders, including businesses, academic institutions, and government entities, strategically positions the region as a premier destination for technological innovation. By participating in initiatives such as the Global Epicenter of Mobility program and the Transatlantic Autonomous Driving Alliance, Spark contributes to the growth of cutting-edge sectors like autonomous vehicle technology.
Overall, Ann Arbor Spark is instrumental in driving economic growth, enhancing community improvement, and creating a sustainable future for both startups and the broader regional economy.
This information is meant to be a general summary of Ann Arbor Spark. 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.
- Investment Income: -$18,866
- Program Service Revenue: $577,402
- Gross Receipts: $10,231,872
Assets and Liabilities:
- Total Assets: $16,558,054
- Total Liabilities: $2,596,111
- Net Assets: $13,961,943
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCUBATOR RENT
Revenue
$299,398
INCUBATOR SERVICES
Revenue
$278,004
Organization Details
Founding Year
1984
Phone
(734) 761-9317Principal Officer
Paul Krutko
Main Address
330 EAST LIBERTY ST, ANN ARBOR, MI, 48104
Website
www.annarborusa.comNTEE Category
Code: S31 - Community improvement
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