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Spark Ventures

Spark Ventures

Chicago, IL 60604
Tax ID51-0626562

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About this organization

Revenue

$592,917

Expenses

$517,201

Website

sparkventures.org

Mission

Spark Ventures builds partnerships that lift communities out of poverty and empowers future leaders. Spark Ventures directs human and financial resources to grassroots partner organizations around the world to provide nutrition, healthcare, education and jobs. By focusing our resources in areas of business, job creation and capacity building, we seek to have a lasting and sustainable impact. These efforts are anchored by our community of strategic donors who support this sustainable model with their donations of time, talent and treasure, and by our impact travel program that is life-changing and world-changing, fostering personal connections between Spark supporters and the vulnerable communities Spark serves.

About

The organization assists over 300 children through programs that provide education, food, shelter, health care and emotional support. The organization also uses funds to enhance and expand effectiveness of partner programs, develop and train personnel and execute capital projects.

Interesting data from their 2020 990 filing

The filing clearly states the mission of the non-profit as “Provide children in poverty with nutrition, education and healthcare. the organization strengthens and sustains international partners by providing human resources, strategic guidance”.

When detailing its duties, they were outlined as: “Provide children in poverty with nutrition, education and healthcare. the organization strengthens and sustains international partners by providing human resources, strategic guidance”.

  • In compliance with legal regulations, the non-profit has reported their state of operation as IL.
  • The filing records the non-profit's address for 2020 as 208 S LASALLE, CHICAO, IL, 60604.
  • The non-profit's form for the year 2020 reports a total of 6 employees on their payroll.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Has foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is $75,716.
  • The CEO's salary plan within the organization is subject to review and endorsement by an independent body.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 13 independent voting members.
  • The organization was formed in 2007.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $151,792 in salary, compensation, and benefits to its employees.
  • The organization pays $30,909 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has fundraising events.
  • The organization's financial statements were reviewed by an accountant.

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