2024-11-13T15:10:46-05:00 2023-12-31 382706146 YEO & YEO PC 1450 EISENHOWER PLACE ANN ARBOR MI 481083283 990 2023-01-01 383416745 ANN ARBOR SPARK FOUNDATION ANNA 7347619317 330 EAST LIBERTY ST ANN ARBOR MI 48104 PAUL KRUTKO PRESIDENT/CEO 7345279143 2024-09-19 false TIMOTHY P CROSSON JR P01442508 7347691331 2024-11-12 2023 2024-10-15 13:58:12Z PAUL KRUTKO 330 EAST LIBERTY ST ANN ARBOR MI 48104 204858 false X WWW.ANNARBORUSA.ORG X 1998 MI THE ANN ARBOR SPARK FOUNDATION PROVIDES FUNDING AND SUPPORT FOR THE ACTIVITIES OF ANN ARBOR SPARK, A NOT FOR PROFIT 501(C)6 CORPORATION WHICH ADVANCES ECONOMIC DEVELOPMENT IN THE REGION BY ENCOURAGING AND SUPPORTING BUSINESS ACCELERATION, ATTRACTION, EXPANSION AND RETENTION. 5 5 0 5 0 206714 202000 0 2858 0 206714 204858 121000 136000 0 0 0 0 154209 83916 275209 219916 -68495 -15058 166236 85905 101143 35870 65093 50035 X THE ANN ARBOR SPARK FOUNDATION PROVIDES FUNDING AND SUPPORT FOR THE ACTIVITIES OF ANN ARBOR SPARK, A NOT FOR PROFIT 501(C)6 CORPORATION WHICH ADVANCES ECONOMIC DEVELOPMENT IN THE REGION BY ENCOURAGING AND SUPPORTING BUSINESS ACCELERATION, ATTRACTION, EXPANSION AND RETENTION. false false 136000 136000 THE PRIMARY CHARITABLE PURPOSE OF THE SPARK FOUNDATION IS TO RECEIVE AND ADMINISTER FUNDS FOR THE ENCOURAGEMENT, PROMOTION AND SUPPORT OF AREA DEVELOPMENT, RE-DEVELOPMENT AND RENEWAL; ACTIVITIES AND PROJECTS DESIGNED TO ATTRACT NEW INDUSTRY AND RETAIN EXISTING INDUSTRY; ACTIVITIES AND PROJECTS DESIGNED TO PROMOTE THE AREA; AND OTHER PROJECTS AND ACTIVITIES AIMED AT COMBATING COMMUNITY DETERIORATION IN ORDER TO LESSEN THE BURDEN OF GOVERNMENT. THESE GRANTS FUNDS WILL BE USED TO ASSIST IN THE ATTRACTION OF NEW INDUSTRY AND RETENTION OF EXISTING INDUSTRY IN WASHTENAW COUNTY FOR THE PURPOSE OF LESSENING THE BURDEN OF GOVERNMENT IN THOSE EFFORTS, TO BE APPLIED AS PROVIDED IN THE BUDGET ATTACHED HERETO. THE GRANT FUNDS MAY NOT BE UTILIZED FOR ANY LOBBYING LEGISLATIVE BODIES. 83916 MARKETING ANGEL FUND INVESTMENT ACTIVITY IN MICHIGAN: MARKETING AND EDUCATING NEW INVESTORS AS ANGELS (HIGH NET WORTH INDIVIDUALS WHO INVEST IN STARTUP COMPANIES). THE SERVICES AND SUPPORT PROVIDED TO EARLY STAGE TECHNOLOGY COMPANIES AND ENTREPRENEURS THROUGH OUR GROUP OF INVESTORS ENHANCES MICHIGAN'S ENTREPRENEURIAL ECOSYSTEM BY COORDINATING WITH EXISTING SUCCESSFUL PROGRAMS TO FILL THE PRIVATE FUNDING GAP FOR ENTREPRENEURS IN THE ECOSYSTEM THAT CREATES NEW TECH COMPANIES, NEW EARLY STAGE TECH JOBS, AND CREATES FOLLOW-ON FUNDING TO TECH COMPANIES. OUR CONTRIBUTION IS TO FOCUS ON EDUCATION AND ENGAGEMENT WITHIN THIS COMMUNITY. 219916 true true false false false false false false false false false false false false false false false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false false false X 5 5 false false false false false false false true true false false false true true true true true true true false MI X TOM CRAWFORD 7347619317 330 EAST LIBERTY ST ANN ARBOR MI 48104 DAVID RUUD CHAIR 0.25 1.00 X X 0 0 0 KELLY SEXTON VICE CHAIR 0.25 1.00 X X 0 0 0 DAVID SNODGRASS TREASURER 0.25 1.00 X X 0 0 0 TIFFANY FORD SECRETARY 0.25 1.00 X X 0 0 0 DAVID PARSIGIAN PAST CHAIR 0.25 1.00 X X 0 0 0 TOM CRAWFORD CFO 0.25 39.75 X 0 0 0 PAUL KRUTKO PRESIDENT/CE 1.00 39.00 X 0 393297 35539 393297 35539 false true false 202000 202000 2858 2858 204858 2858 X 136000 136000 50475 50475 1707 1707 252 252 19593 19593 1238 1238 5982 5982 DUES & SUBS 2570 2570 FEES 2099 2099 219916 219916 0 0 165236 85905 1000 166236 85905 101143 35870 101143 35870 X 65093 50035 65093 50035 166236 85905 -15058 X false true X true false X X 1 ANN ARBOR SPARK ANN ARBOR SPARK 382436899 10 true 219916 0 1 219916 0 true false true true true false false false false false false false false false false false false false PART IV, SECTION A, LINE 3B THE FOUNDATION ENSURES THAT ANN ARBOR SPARK IS A 501C6 AND SATISFIES THEIR PUBLIC SUPPORT TEST ANNUALLY BY REVIEWING THEIR INTERNAL PUBLIC SUPPORT RECORD REPORT AND IRS STATUS. PART IV, SECTION A, LINE 3C ANN ARBOR SPARK SHALL TRACK USE OF THE GRANT FUNDS TO SHOW THEIR USE IN A MANNER CONSISTENT WITH THE PERMITTED PURPOSES. PRIOR TO RECEIVING THE FUNDS, SPARK SUBMITS A BUDGET TO ENSURE THAT FUNDS ARE SPENT CONSISTENTLY WITH THE MISSION OF THE FOUNDATION, AND A REPORT IS SUBMITTED AT THE END OF THE GRANT OUTLINING AN ACCOUNTING OF HOW THE FUNDS WERE SPENT. PART IV, SECTION C, LINE 1 ALL FOUNDATION OFFICERS ARE OFFICERS FOR ANN ARBOR SPARK, VESTING MANAGEMENT WITHIN BOTH ENTITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true ANN ARBOR SPARK 330 EAST LIBERTY ST ANN ARBOR MI 48104 382436899 6 136000 ECONOMIC DEVELOPMENT 1 SCHEDULE I, PAGE 1, PART I, LINE 2 A CONDITION OF THESE GRANTS IS THAT ANN ARBOR SPARK SHALL TRACK USE OF THE GRANT FUND TO SHOW THEIR USE IN A MANNER CONSISTENT WITH THE PERMITTED PURPOSES. PRIOR TO RECEIVING THE FUNDS, SPARK SUBMITS A BUDGET TO ENSURE THAT FUNDS ARE SPENT CONSISTENTLY WITH THE MISSION OF THE FOUNDATION, AND A REPORT IS SUBMITTED AT THE END OF THE GRANT OUTLINING AN ACCOUNTING OF HOW THE FUNDS WERE SPENT. false false false false false false false false false PAUL KRUTKO PRESIDENT/CEO 304297 89000 13200 22339 428836 FORM 990 - ORGANIZATION'S MISSION THE ANN ARBOR SPARK FOUNDATION PROVIDES FUNDING AND SUPPORT FOR THE ACTIVITIES OF ANN ARBOR SPARK, A NOT FOR PROFIT 501(C)6 CORPORATION WHICH ADVANCES ECONOMIC DEVELOPMENT IN THE REGION BY ENCOURAGING AND SUPPORTING BUSINESS ACCELERATION, ATTRACTION, EXPANSION AND RETENTION. FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS INCLUDE BOARD AND COMMITTEE MEMBERS. FORM 990, PAGE 2, PART III, LINE 4A THE PRIMARY CHARITABLE PURPOSE OF THE SPARK FOUNDATION IS TO RECEIVE AND ADMINISTER FUNDS FOR THE ENCOURAGEMENT, PROMOTION AND SUPPORT OF AREA DEVELOPMENT, RE-DEVELOPMENT AND RENEWAL; ACTIVITIES AND PROJECTS DESIGNED TO ATTRACT NEW INDUSTRY AND RETAIN EXISTING INDUSTRY; ACTIVITIES AND PROJECTS DESIGNED TO PROMOTE THE AREA; AND OTHER PROJECTS AND ACTIVITIES AIMED AT COMBATING COMMUNITY DETERIORATION IN ORDER TO LESSEN THE BURDEN OF GOVERNMENT. THESE GRANTS FUNDS WILL BE USED TO ASSIST IN THE ATTRACTION OF NEW INDUSTRY AND RETENTION OF EXISTING INDUSTRY IN WASHTENAW COUNTY FOR THE PURPOSE OF LESSENING THE BURDEN OF GOVERNMENT IN THOSE EFFORTS, TO BE APPLIED AS PROVIDED IN THE BUDGET ATTACHED HERETO. THE GRANT FUNDS MAY NOT BE UTILIZED FOR ANY LOBBYING LEGISLATIVE BODIES. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT OF THE FORM 990 IS DISTRIBUTED TO THE FINANCE COMMITTEE AND CEO PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS ANNUALLY SIGN A STATEMENT CONCERNING POTENTIAL CONFLICTS OF INTEREST FOR THE FOUNDATION'S SUPPORTED ORGANIZATION, ANN ARBOR SPARK. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION COMMITTEE - THE GOVERNANCE COMMITTEE IS RESPONSIBLE FOR EVALUATING AND ESTABLISHING THE SALARY AND BENEFITS FOR THE CEO AND KEY EMPLOYEES. STAFF PREPARES STATISTICS ON COMPARATIVE SALARY DATA FROM SIMILAR ORGANIZATIONS FOR BENCHMARKING. THIS DATA, ALONG WITH PERFORMANCE DATA, IS USED BY THE GOVERNANCE COMMITTEE TO DETERMINE COMPENSATION FOR THE FOLLOWING FISCAL YEAR. THERE ARE NO EMPLOYEES OF ANN ARBOR SPARK FOUNDATION, RATHER THEY ARE ALL EMPLOYEES OF ANN ARBOR SPARK. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION COMMITTEE - THE GOVERNANCE COMMITTEE IS RESPONSIBLE FOR EVALUATING AND ESTABLISHING THE SALARY AND BENEFITS FOR THE CEO AND KEY EMPLOYEES. STAFF PREPARES STATISTICS ON COMPARATIVE SALARY DATA FROM SIMILAR ORGANIZATIONS FOR BENCHMARKING. THIS DATA, ALONG WITH PERFORMANCE DATA, IS USED BY THE GOVERNANCE COMMITTEE TO DETERMINE COMPENSATION FOR THE FOLLOWING FISCAL YEAR. THERE ARE NO EMPLOYEES OF ANN ARBOR SPARK FOUNDATION, RATHER THEY ARE ALL EMPLOYEES OF ANN ARBOR SPARK. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION SHARES INFORMATION THAT FALLS WITHIN PARAMETERS AGREED UPON BY OUR FUNDERS, CLIENTS AND PORTFOLIO COMPANIES. SPARK POSTS ITS AUDITED FINANCIAL STATEMENTS ON OUR WEBSITE. THE 990 IS ALSO PUBLIC INFORMATION AVAILABLE ON GUIDESTAR. GOVERNING DOCUMENTS AND POLICIES ARE NOT USUALLY AVAILABLE TO THE GENERAL PUBLIC, ALTHOUGH THE STATE OF MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS WEBSITE PROVIDES PUBLIC ACCESS TO ANN ARBOR SPARK'S ARTICLES OF INCORPORATION. FORM 990, PART IX, LINE 11G SPARK PERSONNEL REIMBURSEMENT 8,475 0 0 CONSULT. FEES - GENERAL 42,000 0 0 TOTAL 50,475 0 0 ANN ARBOR SPARK 330 EAST LIBERTY ST ANN ARBOR MI 48104 382436899 ECON. DEVE MI 6 N/A false false true false false false false false false false false false false false false true false false false false ANN ARBOR SPARK B 136000 COST