Overview
What is Spark Capital?
Spark Capital is a nonprofit organization, functionally established to support the mission of its parent organization, Spark. Based in Omaha, Nebraska, and Council Bluffs, Iowa, this organization focuses on uplifting economically disadvantaged communities. They accomplish this by issuing loans to recipient organizations to finance community development projects, such as affordable housing, commercial developments, and facilities like healthcare and educational centers. The objective of these projects is to generate community benefits, fostering new businesses, job creation, and accessible housing for residents, thereby aiding in population growth. Spark Capital provides both financial and educational services to these communities, aiming to promote social welfare and combat community deterioration.
Official website here: www.sparkcdi.org
Is Spark Capital legitimate?
Spark Capital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spark Capital 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: $203,820
For more financial information, click here
Official website here: www.sparkcdi.org
What is the mission statement of Spark Capital?
Spark Capital, operating as a supporting organization, is dedicated to providing financial and educational aid to economically distressed communities. Its primary goal is to promote social welfare and combat community deterioration. The organization operates in and around Omaha, Nebraska, and Council Bluffs, Iowa, aiming to uplift these communities and improve their overall well-being.
Official website here: www.sparkcdi.org
Who is the CEO of Spark Capital?
Buey Tut is the President of Spark Capital.
Official website here: www.sparkcdi.org
What is the revenue of Spark Capital?
Spark Capital's revenue in 2022 was $1,421,945.
Official website here: www.sparkcdi.org
Who are the executives of Spark Capital and what are their salaries?
There 30 volunteers at Spark Capital.
Here are 6 key members and their salaries:
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $144,826
- Other: $27,795
Official website here: www.sparkcdi.org
Where can I find the form 990 for Spark Capital?
Spark Capital's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sparkcdi.org
Learn more at the official website: www.sparkcdi.org
Mission Statement of Spark Capital
Spark Capital, a supporting organization, was established with a mission to benefit and serve its purpose exclusively for the betterment of the community. The organization's primary objective is to provide financial and educational services to economically distressed communities, aiming to promote social welfare and combat community deterioration. By doing so, Spark Capital seeks to make a significant impact in these communities, working towards improving their overall well-being and fostering a sense of unity and progress. The organization's mission is a testament to its commitment to supporting vulnerable communities, providing them with the resources and knowledge they need to overcome their challenges and build a brighter future.
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Impact
October, 2024
Spark Capital plays a crucial role in revitalizing economically distressed communities in and around Omaha, Nebraska, and Council Bluffs, Iowa. By providing financial resources and educational services, it targets social welfare and combats community deterioration.
Through its loan programs, Spark Capital finances community development projects, including the construction of affordable housing, commercial projects, and essential healthcare and educational facilities. These initiatives are designed not only to foster economic growth but also to create lasting community benefits, such as job creation and increased access to basic needs for residents in disadvantaged areas.
Spark Capital's impact extends beyond immediate financial assistance; it also facilitates the formation of new businesses and encourages population growth in the communities it serves. By focusing on these strategic areas, Spark Capital is instrumental in enhancing the quality of life for residents and contributing to the overall revitalization of the regions it supports.
This information is meant to be a general summary of Spark Capital. 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: $4,489
- Program Service Revenue: $34,972
- Gross Receipts: $1,421,945
Assets and Liabilities:
- Total Assets: $4,081,601
- Total Liabilities: $1,017,237
- Net Assets: $3,064,364
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN FUND FEES & INTER
Revenue
$26,050
ACADEMY PARTICIPANT FE
Revenue
$8,922
Organization Details
Founding Year
2019
Phone
(402) 819-4885Principal Officer
Buey Tut
Main Address
1111 NORTH 13 STREET 311, OMAHA, NE, 68102
Website
www.sparkcdi.orgNTEE Category
Code: P11 - Human services
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