2025-11-11T14:06:30-06:00 2024-12-31 382706146 YEO & YEO PC 1450 Eisenhower Place Ann Arbor MI 481083283 990 2024-01-01 382436899 Ann Arbor Spark ANNA 7347619317 330 East Liberty St Ann Arbor MI 48104 Paul Krutko President/CEO 7347619317 2025-11-05 1 1 Timothy P Crosson Jr P01442508 7347691331 2025-11-05 2024 2025-03-06 01:10:19Z Paul Krutko 330 East Liberty St Ann Arbor MI 48104 12944075 0 X www.annarborusa.com X 1984 MI Ann Arbor SPARK will advance the economy of the Ann Arbor region by establishing it as a desired place for innovation, business location and growth, and for talented people to live and work. The Ann Arbor region will be recognized for its academic, business, and community resources, and its collaborative culture. 29 28 116 28 0 0 7995576 11718401 620544 522039 -164860 567481 0 0 8451260 12807921 240000 683026 0 0 3669487 3747742 0 0 0 5580867 6870798 9490354 11301566 -1039094 1506355 13599567 19044143 1679419 5627948 11920148 13416195 X Ann Arbor SPARK advances the region by encouraging and supporting business acceleration, attraction, expansion and retention. Our organization identifies and meets the needs of companies at every stage, from start-ups to large organizations. Ann Arbor SPARK collaborates with business, academic, government and community investment partners to position the region as a destination for innovation. 0 0 Business Incubator/Accelerator Services: SPARK creates long-term regional prosperity by accelerating the growth of start-ups and early-stage companies through support by offering direct and consultant services. SPARK creates a place where early-stage companies can conduct business at affordable rates and can co-locate with other entrepreneurs and in the eco-system. SPARK offers those companies educational and networking events in the incubator space. We create an ecosystem whereby start-ups can connect easily with resources they need at early stages to launch and establish, thus attracting start-ups to this region. This supports growth in the companies themselves, the direct support services, and the region's economy, creating a virtuous cycle of economic growth. SPARK is part of the award-winning Global Epicenter of Mobility (GEM) program, administering the Entrepreneur-in-Residence (EIR) component of the program. In 2024, SPARK assisted 457 innovation start-ups which currently employ 1,154 Full Time Employees. SPARK nutured 156 incubator tenants. Business Development (Expansion, Attraction, Retention): SPARK maximizes potential jobs and capital investment in the region and helps grow the region's GDP through the retention and expansion of established driving industry companies and the targeted attraction domestically and internationally of similar companies that fit the region's identified clusters. This is done by regular communication with local businesses to determine their needs, making key business introductions, assisting with site selection, collaborating with local municipalities, and assisting companies in working with local academic partners to communicate talent needs.This year SPARK supported these major Washtenaw County companies: North Star Clean Energy, Leibherr's, Tortillas Tita, and the University of Michigan. Additionally, with 17 successful company growth projects, the team facilitated new investment commitments totaling more than $97 million. These projects led to the creating of 541 new jobs and the retention of 657 existing ones. Communication and Community Engagement: SPARK uses its established platform of social media followers, website traffic, and brand awareness to expand local, regional, statewide, national, and global awareness of the Ann Arbor region's attractiveness for business location and career and life opportunities. SPARK also promotes community events that market the region as a great place to start a business and/or work for a start-up. Our weeklong series of events, A2TECH360, had 20 total events and over 2,400 registered attendees, 1.2 million social media views as well as 161k webpage views. Capital Funding - Michigan Angel Fund & SPARK capital (formerly Michigan Pre-seed Fund): The mission of our funding programs is to support high-tech companies throughout the state at their earliest stages of development and position these high-growth companies to be able to raise additional capital and investments. Capital programs are an intentional economic development tool that pays itself back, allowing the funds to be redeployed for future reinvestment into more companies. With 155 members, the Michigan Angel Fund (MAF) is the largest angel organization in Michigan. The group has 40 companies, filling an important funding gap by investing in very early-stage companies across the state that are not yet primed for venture and other sources of capital. MAF is managed by Ann Arbor SPARK and invested $521K into 6 companies. 0 1 1 0 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 247 0 1 116 1 0 0 0 0 1 1 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MI X X Tom Crawford 7347619317 330 East Liberty St Ann Arbor MI 48104 Kelly Sexton Chair 1.00 0.25 X X 0 0 0 Simon Whitelocke Vice Chair 1.00 0.25 X X 0 0 0 David Snodgrass Treasurer 1.00 0.25 X X 0 0 0 Tiffany Ford Secretary 1.00 0.25 X X 0 0 0 David Ruud Past Chair 1.00 0.25 X X 0 0 0 Dr Rose Bellanca Board Member 1.00 X 0 0 0 Gregory Dill Board Member 1.00 X 0 0 0 Milton Dohoney Board Member 1.00 X 0 0 0 Patti Glaza Board Member 1.00 X 0 0 0 Leigh Greden Board Member 1.00 X 0 0 0 Jeff Hauptman Board Member 1.00 X 0 0 0 Brandon Hofmeister Board Member 1.00 X 0 0 0 Justin Hodge Board Member 1.00 X 0 0 0 Chris Kolb Board Member 1.00 X 0 0 0 Chris Kowitz Board Member 1.00 X 0 0 0 Paul Krutko President & CEO 39.00 1.00 X X 395347 0 42697 Mark LePage Board Member 1.00 X 0 0 0 Lon Lowen Board Member 1.00 X 0 0 0 Marcy Marshall Board Member 1.00 X 0 0 0 Timothy Marshall Board Member 1.00 X 0 0 0 John McLaughlin Board Member 1.00 X 0 0 0 Peter Mertens Board Member 1.00 X 0 0 0 David Parsigian Board Member 1.00 X 0 0 0 Paul Roney Board Member 1.00 X 0 0 0 Trish Reilly Board Member 1.00 X 0 0 0 Chris Sing Board Member 1.00 X 0 0 0 Rick Sheridan Board Member 1.00 X 0 0 0 Brenda Stumbo Board Member 1.00 X 0 0 0 Robert Young Board Member 1.00 X 0 0 0 Tom Crawford CFO 39.75 0.25 X 0 0 0 Phil Santer Business Development V.P. 40.00 X 194019 0 6741 William Mayer Entrepreneurial Srvs V.P. 40.00 X 162204 0 22000 Michael Flanagan Capital Programs V.P. 40.00 X 157000 0 7188 Jenn Hayman Marketing V.P. 40.00 X 136195 0 28016 Laura Berarduci Communications Director 40.00 X 106513 0 12517 Jennifer Olmstead Business Development Director 40.00 X 106319 0 5191 1257597 0 124350 7 0 1 0 330 East Liberty LLC 115 Depot Street Ann Arbor MI 48104 Parking & Rent 315307 Tom Crawford Consulting LLC 1310 Harbrooke Ave Ann Arbor MI 48103 Finance 251058 Motorsports Gateway LLC 41920 Midtown Circle Unit 206 Novi MI 48378 Automotive 150000 Pleasant Valley Partners LLC 39533 Woodward Ave Ste 310 Bloomfield Hills MI 48304 Real Estate 121310 LTrice Consulting LLC 6487 Prarie Point Dr SE Caldonia MI 49316 Marketing 120570 8 19000 10584997 1114404 15754 11718401 Rental Income 561000 287072 287072 Incubator Services 532000 234967 234967 522039 556229 556229 147406 136154 11252 11252 11252 12807921 522039 0 567481 683026 987197 2207215 74549 278770 200011 3740204 106927 49505 8450 107271 1289139 300624 136107 633530 145061 57127 68948 26767 Bad Debt Expense 129940 Other Financial Assista 39358 Miscellaneous 25000 Recruiting Expenses 6840 11301566 378456 573018 3408243 5205203 426416 667552 127358 136269 219655 313628 816917 753580 132285 63337 2902933 2997569 5020081 7490251 984140 1597316 13599567 19044143 609852 937324 92691 3089945 976876 1600679 1679419 5627948 X 11347958 12986005 572190 430190 11920148 13416195 13599567 19044143 X 1506355 -10308 105591 -105591 X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8450 0 0 Part I-A, Line 1: The Organization employed Governmental Consultant Services, Inc. to represent our interest before officials and policy makers in the State of Michigan. 403653 380473 23180 222607 193850 28757 190657 179257 11400 63337 Michigan Pre-Seed Capital Fund 7170221 F Micro Loans 320030 F 7490251 Deposits 16500 ROU Asset - Operating Lease 1580816 1597316 Operating Lease Obligation 1600679 1600679 1 BCHIRA 448 Borgess Ave Monroe MI 48162 990822317 7923 0 Assitance to Small Businesses B-Cubed Bakery 741 Emerick St Ypsilanti MI 48198 920643678 7000 0 Assitance to Small Businesses Beara Bakes LLC 10 N Washington St Ste 104 Ypsilanti MI 48197 862643824 7000 0 Assitance to Small Businesses Grand Valley State University 1 Campus Dr Allendale MI 494019403 381684280 115 130568 0 COVID Recovery Funds Howell Area Chamber of Commerce 123 E Washington St Howell MI 48843 381323751 501c6 172777 0 COVID Recovery Funds Jewish Family Services 2245 S State St Ann Arbor MI 48104 412147486 501c3 106700 0 COVID Recovery Funds MI-HQ 600 S Wagner Rd Ann Arbor MI 48103 383773412 75000 0 Assitance to Small Businesses Monroe County Business Alliance 23 E Front St Ste 202 Monroe MI 48161 920705154 501c3 96535 0 COVID Recovery Funds The Mix Studios LLC 306 N River St Ypsilanti MI 48198 843783820 7000 0 Assitance to Small Businesses Tortillas Tita LLC 3763 Commerce Ct Wayne MI 48184 010957276 10000 0 Assitance to Small Businesses Unity Vibration Kombucha 93 Ecorse Rd Ypsilanti MI 48198 271817897 5199 0 Assitance to Small Businesses University of Michigan 3003 S State St Ste 9000 Ann Arbor MI 481091288 386006309 115 10000 0 Research & Development Washtenaw Community College 4800 E Huron River Dr Ann Arbor MI 48105 381784300 115 42324 0 COVID Recovery Funds 2 12 Part I, Line 2: A Review Committee of community partners is set up to score companies based on criteria set forth by the committee. The committee is tasked with verifying the following information about prospective companies: - Address - Website - Contact Information - Registered with LARA Companies are asked to verify submission data, sign a grant agreement, and return bank information as well as W-9 information through Docusign. Funds are then distribursed via ACH and approved by the Chief of Staff. X X X X 0 0 0 Paul Krutko President & CEO 304297 0 91050 0 0 0 13738 0 28959 0 438044 0 0 0 Phil Santer Business Development V.P. 179019 0 15000 0 0 0 5416 0 1325 0 200760 0 0 0 William Mayer Entrepreneurial Srvs V.P. 147204 0 15000 0 0 0 4087 0 17913 0 184204 0 0 0 Jenn Hayman Marketing V.P. 126195 0 10000 0 0 0 5588 0 22428 0 164211 0 0 0 Michael Flanagan Capital Programs V.P. 147000 0 10000 0 0 0 5880 0 1308 0 164188 0 0 0 Tom Crawford Consulting LLC SPARK CFO 251058 Payment for Services 0 Form 990, Parti I, Line 6 The Organization's board of directors serves in a voluntary capacity, contributing their time and expertise without financial compensation. Form 990, Part VI, Section B, line 11b A draft of the Form 990 is distributed to the Finance Committee and CEO prior to filing. Form 990, Part VI, Section B, line 12c Members of the Board of Directors, Executive Committee and key staff must annually sign a statement concerning potential conflicts of interest. These statements are periodically reviewed by the conflict of interest officer to determine if further examination or action is needed. If a conflict of interest exists, Ann Arbor SPARK follows up with the Executive Committee, the Executive Committee decides if further action in necessary. Form 990, Part VI, Section B, line 15 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 benchmarking studies. This data, along with performance data, is used by the Governance committee to determine compensation for the following fiscal year. Form 990, Part VI, Section C, 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 available as public information on Guidestar.com. 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 XI, line 9: In-Kind Marketing Services -105,591. Ann Arbor Spark Foundation 330 East Liberty St Ann Arbor MI 48104 382436899 Support MI 501(c)(3) Line 12b, II 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Ann Arbor Spark Foundation C 175000 Cost