Overview
What is Ann Arbor Spark Foundation?
The Ann Arbor Spark Foundation is a charitable organization based in Ann Arbor, Michigan, with the primary aim of aiding in the development, revitalization, and improvement of the local area. Their primary objective is to attract and retain businesses, promoting economic growth in the region. To achieve this, the foundation supports the activities of Ann Arbor Spark, a 501(C)6 corporation, by providing funding and resources. This nonprofit entity works towards business acceleration, attraction, expansion, and retention, ultimately aiming to alleviate the government's burden in these efforts. The foundation's grants are specifically utilized to support initiatives that contribute to reducing community deterioration and fostering a prosperous economic environment.
Official website here: www.annarborusa.org
Is Ann Arbor Spark Foundation legitimate?
Ann Arbor Spark Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ann Arbor Spark Foundation 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
Official website here: www.annarborusa.org
What is the mission statement of Ann Arbor Spark Foundation?
The Ann Arbor Spark Foundation supports the activities of Ann Arbor Spark, a not-for-profit organization, in advancing economic development within its region. This is achieved by encouraging and aiding business acceleration, attraction, expansion, and retention. The primary charitable purpose of the Foundation is to receive and administer funds for area development, redevelopment, and renewal projects. These funds are utilized to attract new industries and retain existing ones, promoting the area, and combating community deterioration. The goal is to lessen the government's burden in these endeavors, as detailed in the attached budget. The Foundation's grant funds may not be utilized for any legislative lobbying.
Official website here: www.annarborusa.org
Who is the CEO of Ann Arbor Spark Foundation?
Paul Krutko is the Chair of Ann Arbor Spark Foundation.
Official website here: www.annarborusa.org
What is the revenue of Ann Arbor Spark Foundation?
Ann Arbor Spark Foundation's revenue in 2022 was $206,714.
Official website here: www.annarborusa.org
Who are the executives of Ann Arbor Spark Foundation and what are their salaries?
There 5 volunteers at Ann Arbor Spark Foundation.
Here are 7 key members and their salaries:
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- Related: $467,056
- Other: $23,875
Official website here: www.annarborusa.org
Where can I find the form 990 for Ann Arbor Spark Foundation?
Ann Arbor Spark Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.annarborusa.org
Learn more at the official website: www.annarborusa.org
Mission Statement of Ann Arbor Spark Foundation
The Ann Arbor Spark Foundation is a charitable entity that provides funding and support for the activities of Ann Arbor Spark, a 501(C)6 corporation. This not-for-profit organization plays a crucial role in advancing economic development in the region. Its primary goal is to encourage and support business acceleration, attraction, expansion, and retention. The Ann Arbor Spark Foundation's mission is to assist in attracting new industries and retaining existing ones, promoting the area, and combating community deterioration to lessen the burden on government. The grant funds the foundation manages are intended to be utilized for these purposes, as outlined in the attached budget. It's important to note that these funds cannot be used for any lobbying activities directed towards legislative bodies.
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Impact
October, 2024
The Ann Arbor Spark Foundation significantly impacts economic development in the region by providing targeted funding and support to encourage business acceleration, attraction, expansion, and retention. By administering grants, the foundation promotes area development, enhances efforts to attract new industries, and supports existing businesses in Washtenaw County. This strategic approach aims to combat community deterioration and lessen the burden on local government, fostering a more resilient and vibrant economic landscape. Through its initiatives, the foundation plays a crucial role in revitalizing the community and stimulating growth within the local economy.
This information is meant to be a general summary of Ann Arbor Spark Foundation. 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: $206,714
Assets and Liabilities:
- Total Assets: $166,236
- Total Liabilities: $101,143
- Net Assets: $65,093
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Organization Details
Founding Year
1998
Phone
(734) 761-9317Principal Officer
Paul Krutko
Main Address
330 EAST LIBERTY ST, ANN ARBOR, MI, 48104
Website
www.annarborusa.orgNTEE Category
Code: T50I - Philanthropy
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