Nonprofit · EIN 84-3169340
SPARK CAPITAL
Tax-exempt (reinstated) · OMAHA, NE 68102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,944,808 | $684,512 | $1,260,296 | $9,846,771 | $5,581,713 | $4,265,058 |
| December 31, 2023 | 990 | $1,222,591 | $636,877 | $585,714 | $4,775,707 | $1,244,236 | $3,531,471 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,660,326
- of which government grants
- $62,270
- Program service revenue
- $147,312
- Investment income
- $137,170
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $141,438
- Other salaries and wages
- $273,406
- Salaries, compensation and benefits (total)
- $493,763
- Professional fundraising fees
- $0
- Legal fees
- $860
- Accounting fees
- $23,183
- Occupancy
- $16,581
- Program services (functional)
- $560,833
- Management and general (functional)
- $60,763
- Fundraising (functional)
- $62,916
Balance sheet and other
- Total assets, start of year
- $4,775,707
- Total assets, end of year
- $9,846,771
- Total liabilities, end of year
- $5,581,713
- Net assets, end of year
- $4,265,058
- Net assets without donor restrictions
- $4,264,058
- Net assets with donor restrictions
- $1,000
- Gross receipts
- $1,944,808
- Employees
- 0
- Volunteers
- 30
- Year formed
- 2019
- State of legal domicile
- NE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BUEY RAY TUT | CHIEF EXECUTIVE OFFICER Officer | 18 | $0 | $141,672 | $7,308 |
| ANGELA SMITH | SENIOR DIRECTOR Highest-paid employee | 18 | $0 | $136,500 | $5,397 |
| SUZI STERBA | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DANIEL PADILLA | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| OJ SPOONER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRIDGET HADLEY | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHERYL WESTON | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LOUIS SMITH | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GABBIE KOTT-MCCARTY | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CRISTINA CASTRO-MATUKEWICZ | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANGELA SMITH | INTERIM CEO THROUGH 7/31/23 Officer | 18 | $0 | $132,930 | $4,951 |
| BUEY RAY TUT | CHIEF EXECUTIVE OFFICER AS OF 8/31/23 Officer | 18 | $0 | $56,842 | $6,935 |
| SUZI STERBA | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DANIEL PADILLA | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| OJ SPOONER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRIDGET HADLEY | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHERYL WESTON | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LOUIS SMITH | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1111 N 13TH ST STE 311, OMAHA, NE 68102-4252
- Principal officer (990 for 2024)
- BUEY TUT, 1111 NORTH 13 STREET 311, OMAHA, NE 68102
- Signed the 990
- BUEY TUT, CEO
- Phone
- (402) 819-4885
- Website
- WWW.SPARKCDI.ORG
- Return prepared by
- FRANKEL LLC
Mission
SPARK CAPITAL WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, SPARK AS A SUPPORTING ORGANIZATION. THE ORGANIZATION WILL PROVIDE FINANCIAL AND EDUCATIONAL SERVICES TO ECONOMICALLY DISTRESSED COMMUNITIES IN AND AROUND OMAHA, NEBRASKA AND COUNCIL BLUFFS, IOWA IN ORDER TO PROMOTE SOCIAL WELFARE AND TO COMBAT COMMUNITY DETERIORATION.
Program accomplishments
- SPARK CAPITAL WILL ISSUE LOANS TO RECIPIENT ORGANIZATIONS TO FINANCE COMMUNITY DEVELOPMENT PROJECTS, INCLUDING AFFORDABLE HOUSING PROJECTS, COMMERCIAL PROJECTS AND COMMUNITY DEVELOPMENT PROJECTS (SUCH AS HEALTHCARE AND EDUCATIONAL FACILITIES). THESE COMMUNITY DEVELOPMENT ACTIVITIES WILL BE LOCATED IN, OR SERVE TO BENEFIT, ECONOMICALLY DISADVANTAGED AREAS IN AND AROUND OMAHA, NEBRASKA AND COUNCIL BLUFFS, IA. THE GOAL OF ALL FINANCE PROJECTS WILL BE TO CREATE COMMUNITY BENENFIT FOR THE TARGETED ECONOMICALLY DISADVANTAGED AREA, SUCH AS THROUGH FORMATION OF NEW BUSINESSES, JOB CREATION AND ACCESS TO AFFORDABLE HOUSING FOR RESIDENTS, OR THE FACILITATION OF POPULATION GROWTH.Expenses $515,238 · revenue $135,336
- EDUCATIONAL SERVICES WILL BE PROVIDED IN THE FORM OF TECHNICAL ASSISTANCE TO INDIVIDUALS SEEKING TO FORM ORGANIZATIONS AND ESTABLISHED ORGANIZATIONS THAT PLAN TO DEVELOP POOR AND DISTRESSED COMMUNITIES BY PROVIDING HOUSING AND AMENITIES FOR LOW- AND MODERATE-INCOME POPULATIONS. THROUGH SPARK CAPITAL'S PROVISION OF TECHNICAL ASSISTANCE, RECIPIENT INDIVIDUALS AND ORGANIZATIONS WILL BE BETTER EQUIPPED TO FORM COMMUNITY DEVELOPMENT PROJECTS IN THE TARGETED ECONOMICALLY DISADVANTAGED AREAS, RESULTING IN COMMUNITY BENEFIT.Expenses $45,595 · revenue $11,976
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-3169340
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P11)
- Assets (IRS master file)
- $9,846,771
- Income (IRS master file)
- $1,944,808
Revocation and reinstatement
- Exemption revoked
- May 15, 2022
- Posted by the IRS
- August 8, 2022
- Reinstated
- Effective May 15, 2022
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,944,808 | $684,512 | $9,846,771 | XML |
| 990 | December 2023 | $1,222,591 | $636,877 | $4,775,707 | XML |
| 990 | December 2022 | $1,421,945 | $344,417 | $4,081,601 | IRS |
| 990 | December 2021 | $759,503 | $297,672 | $2,607,218 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-3169340).
Questions about SPARK CAPITAL
- What is the EIN of SPARK CAPITAL?
- The employer identification number (EIN) of SPARK CAPITAL is 84-3169340.
- Is SPARK CAPITAL tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2022 and reinstated it effective May 15, 2022.
- Are donations to SPARK CAPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does SPARK CAPITAL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SPARK CAPITAL due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPARK CAPITAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SPARK CAPITAL?
- The 990 for the year ended December 31, 2024 names BUEY TUT.
- Who are the officers and directors of SPARK CAPITAL?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does SPARK CAPITAL have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,944,808, expenses of $684,512 and total assets of $9,846,771 at year end.
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