Nonprofit · EIN 85-4310103
SPARK CENTRO INC FORMERLY LATIN AMER CHAMBER OF COMM OF CLT INSTA
Tax-exempt · CHARLOTTE, NC 28209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,554,519 | $583,145 | $1,971,374 | $5,927,984 | $2,167,630 | $3,760,354 |
| December 31, 2023 | 990 | $2,151,599 | $559,595 | $1,592,004 | $1,940,261 | $41,711 | $1,898,550 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,554,115
- of which government grants
- $1,500,000
- Program service revenue
- $0
- Investment income
- $404
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $100,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $400
- Accounting fees
- $31,725
- Occupancy
- $46,013
- Travel
- $739
- Depreciation
- $102,786
- Program services (functional)
- $341,596
- Management and general (functional)
- $239,592
- Fundraising (functional)
- $1,957
Balance sheet and other
- Total assets, start of year
- $1,940,261
- Total assets, end of year
- $5,927,984
- Total liabilities, end of year
- $2,167,630
- Net assets, end of year
- $3,760,354
- Land, buildings and equipment
- $4,907,786
- Net assets with donor restrictions
- $3,760,354
- Gross receipts
- $2,554,519
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2020
- State of legal domicile
- NC
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 |
|---|---|---|---|---|
| GRISELDA BAILEY | OUTGOING - PRESIDENT & CEO Officer | 30 | $0 | $114,850 |
| MANUEL REY | INCOMING - PRESIDENT & CEO Officer | 40 | $0 | $18,958 |
| BADIH ARANA | CFO Officer | 40 | $0 | $9,366 |
| SIMON MUNOZ-ALVAREZ | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOHANNA SUAREZ | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOHN ROJAS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ERLAN MARTINEZ | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MARIO MANDIGANA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS PARKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FEDERICO CARBALLO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PETER MORGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIFFANY ANDERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DANILO FORMOLO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| IVAN DIAZ-CAMPOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NATALIA SANCHEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PACINO MANCILLAS | BOARD MEMBER Trustee or director | 1 | $0 |
| MARTA TATAJE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| GRISELDA BAILEY | PRESIDENT & CEO Officer | 30 | $0 | $107,000 |
| SIMON MUNOZ-ALVAREZ | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOHANNA SUAREZ | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOHN ROJAS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ERLAN MARTINEZ | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MARIO MANDIGANA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS PARKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FEDERICO CARBALLO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PETER MORGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIFFANY ANDERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DANILO FORMOLO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| IVAN DIAZ-CAMPOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NATALIA SANCHEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PACINO MANCILLAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARTA TATAJE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 145 SCALEYBARK RD STE C, CHARLOTTE, NC 28209-2682
- Mailing address (990-N for 2020)
- 145C SCALEYBARK ROAD, CHARLOTTE NC 28209
- Principal officer (990 for 2024)
- MANUEL REY, 145C SCALEYBARK RD, CHARLOTTE, NC 28209
- Principal officer (990-N for 2020)
- GRISELDA BAILEY, 145C SCALEYBARK RD, CHARLOTTE NC 28209
- Signed the 990
- MARIO MENDIGANA, TREASURER
- Phone
- (980) 985-9458
- Website
- WWW.SPARKCENTRO.ORG
- Return prepared by
- GREERWALKER LLP
Mission
TO DEVELOP AND PROVIDE EDUCATIONAL PROGRAMMING DESIGNED TO RETOOL, EQUIP, AND EDUCATE HISPANIC ENTREPRENEURIAL AND START-UP COMMUNITY IN THE CHARLOTTE, NC REGION, INCLUDING THOSE SEEKING JOB SKILLS TO OBTAIN GOOD EMPLOYMENT WITH A LOCAL COMPANY.
Program accomplishments
- EDUCATIONAL PROGRAMMING:PROVIDE EDUCATIONAL SERVICES TO ADDRESS VARIOUS STAGES OF START UP/ENTREPRENEUR GROWTH, WITH A GOAL OF HELPING LOCAL ENTREPRENEURIAL VENTURES INCREASE THEIR CAPACITY TO SERVICE CORPORATE AND LOCAL GOVERNMENTAL CLIENTS THAT HAVE MADE LOCAL DIVERSITY HIRING A PRIORITY. THE DIFFERENT PROGRAMS ARE CENTERED AROUND FOUR THEMES: FORMING & START-UP PHASE, PROFESSIONALIZING PHASE, SCALING PHASE, AND PROFESSIONAL/PERSONAL DEVELOPMENT.Expenses $341,596 · grants $100,000
- MENTORSHIP PROGRAM:PROFESSIONAL MENTORS PROVIDE LEADERSHIP TO INDIVIDUALS ENROLLED IN EACH PROGRAM OFFERING PROFESSIONAL AND PERSONAL DEVELOPMENT.
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
- 85-4310103
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J99)
- Assets (IRS master file)
- $5,927,984
- Income (IRS master file)
- $2,554,519
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,554,519 | $583,145 | $5,927,984 | IRS |
| 990 | December 2023 | $2,151,599 | $559,595 | $1,940,261 | XML |
| 990 | December 2022 | $226,544 | $104,464 | $314,033 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: GRISELDA BAILEY | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-4310103).
Questions about SPARK CENTRO INC FORMERLY LATIN AMER CHAMBER OF COMM OF CLT INSTA
- What is the EIN of SPARK CENTRO INC FORMERLY LATIN AMER CHAMBER OF COMM OF CLT INSTA?
- The employer identification number (EIN) of SPARK CENTRO INC FORMERLY LATIN AMER CHAMBER OF COMM OF CLT INSTA is 85-4310103.
- Is SPARK CENTRO INC FORMERLY LATIN AMER CHAMBER OF COMM OF CLT INSTA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to SPARK CENTRO INC FORMERLY LATIN AMER CHAMBER OF COMM OF CLT INSTA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SPARK CENTRO INC FORMERLY LATIN AMER CHAMBER OF COMM OF CLT INSTA 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 CENTRO INC FORMERLY LATIN AMER CHAMBER OF COMM OF CLT INSTA 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 CENTRO INC FORMERLY LATIN AMER CHAMBER OF COMM OF CLT INSTA 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 CENTRO INC FORMERLY LATIN AMER CHAMBER OF COMM OF CLT INSTA?
- The 990 for the year ended December 31, 2024 names MANUEL REY.
- Who are the officers and directors of SPARK CENTRO INC FORMERLY LATIN AMER CHAMBER OF COMM OF CLT INSTA?
- The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
- How much revenue does SPARK CENTRO INC FORMERLY LATIN AMER CHAMBER OF COMM OF CLT INSTA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,554,519, expenses of $583,145 and total assets of $5,927,984 at year end.
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