The Spark Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 841916027 ✦ Manhattan, KS ✦ Designated as a 501(c)(3)

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Overview

What is The Spark Inc?

The Spark Inc, situated in Manhattan, Kansas, is a nonprofit organization with a focus on fostering entrepreneurship. Through their programs, education, and services, they aim to cultivate an entrepreneurial environment. With a small workforce of 4 individuals, they invest in funding for their operations, salaries, and initiatives that promote entrepreneurship. The Spark Inc's mission remains committed to supporting the growth and success of aspiring entrepreneurs in the community.


Official website here: www.sparkmhk.com

Is The Spark Inc legitimate?

The Spark Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Spark 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: $64,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,521

For more financial information, click here


Official website here: www.sparkmhk.com

What is the mission statement of The Spark Inc?

The mission of The Spark Inc, as outlined, revolves around providing programs, education, and services to foster entrepreneurship. This mission is geared towards nurturing an entrepreneurial environment. The organization invests in funding for its operations, salaries, and programming, all of which are focused on enhancing its educational initiatives. By doing so, The Spark Inc aims to contribute to the development and growth of entrepreneurs. While specific details about the organization's goals or methods are not provided, it can be inferred that their mission is to empower individuals with the skills and resources necessary to succeed as entrepreneurs.


Official website here: www.sparkmhk.com

What is the revenue of The Spark Inc?

The Spark Inc's revenue in 2023 was $164,994.


Official website here: www.sparkmhk.com

Who are the executives of The Spark Inc and what are their salaries?

The average compensation at The Spark Inc during 2023 was $38,376. There are 2 employees and 20 volunteers at The Spark Inc.

Here are 10 key members and their salaries:


Sarah Siders (Executive Director)
  • Compensation: $64,231
  • Related: $0
  • Other: $0
Brian Rempe (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamie Bosse (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nadia Arbelo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Pierce (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Wick (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kent Glasscock (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derek Richards (Chair Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheila Ellis-Glasper (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Holdren (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sparkmhk.com

Where can I find the form 990 for The Spark Inc?

The Spark Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.sparkmhk.com

Learn more at the official website: www.sparkmhk.com

Mission Statement of The Spark Inc

The Spark Inc is committed to providing programs, education, and services aimed at nurturing entrepreneurs. Their mission, as stated, revolves around offering resources to aid in the development of an entrepreneurial environment. The organization allocates funds towards operational expenses, salaries, and the implementation of educational programs, thereby playing a significant role in fostering entrepreneurial growth.

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Impact




October, 2024

The Spark Inc plays a crucial role in fostering an entrepreneurial ecosystem in Manhattan, KS, by providing vital programs, education, and services aimed at supporting local entrepreneurs. Through targeted funding for operations and staffing, it enhances the quality and reach of its educational programs, empowering individuals to develop their business ideas and navigate the complexities of entrepreneurship.

By creating a supportive environment for entrepreneurs, The Spark Inc not only contributes to the economic vitality of the community but also nurtures innovation and collaboration among local businesses. Its efforts help to cultivate skills, knowledge, and networking opportunities, allowing aspiring entrepreneurs to thrive and, in turn, stimulating job creation and economic growth in the region.




This information is meant to be a general summary of The Spark 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.

Revenue
$164,994 (2023)
Expenses
$145,568 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $164,994

Assets and Liabilities:

  • Total Assets: $85,692
  • Total Liabilities: $27,012
  • Net Assets: $58,680

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Organization Details

Founding Year

2020

Principal Officer

Stephanie Pierce

NTEE Category

Code: B99 - Education

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