2025-11-17T19:26:26-06:00 2024-12-31 470574775 FRANKEL LLC 11404 WEST DODGE RD SUITE 700 OMAHA NE 681542576 990 2024-01-01 843169340 SPARK CAPITAL SPAR 4028194885 1111 NORTH 13 STREET 311 OMAHA NE 68102 BUEY TUT CEO 4028194885 2025-11-15 1 0 AMY SUGHROUE P01058335 4024969100 2024 2025-03-06 01:10:19Z BUEY TUT 1111 NORTH 13 STREET 311 OMAHA NE 68102 1944808 0 X WWW.SPARKCDI.ORG X 2019 NE 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. 8 8 0 30 0 0 1076476 1660326 67440 147312 74417 137170 4258 0 1222591 1944808 0 0 0 0 407832 493763 0 0 62916 229045 190749 636877 684512 585714 1260296 4775707 9846771 1244236 5581713 3531471 4265058 X 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. 0 0 515238 135336 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. 45595 11976 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. 560833 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X FRANKEL LLC 4024969100 11404 W DODGE ROAD STE 700 OMAHA NE 68154 SUZI STERBA PRESIDENT 1.00 X X 0 0 0 DANIEL PADILLA TREASURER 1.00 X X 0 0 0 OJ SPOONER SECRETARY 1.00 X X 0 0 0 BRIDGET HADLEY MEMBER 1.00 X 0 0 0 CHERYL WESTON MEMBER 1.00 X 0 0 0 LOUIS SMITH MEMBER 1.00 X 0 0 0 GABBIE KOTT-MCCARTY MEMBER 1.00 0.00 X 0 0 0 CRISTINA CASTRO-MATUKEWICZ MEMBER 1.00 X 0 0 0 BUEY RAY TUT CHIEF EXECUTIVE OFFICER 18.00 22.00 X 0 141672 7308 ANGELA SMITH SENIOR DIRECTOR 18.00 22.00 X 0 136500 5397 0 278172 12705 0 0 0 0 0 62270 1598056 1660326 LOAN FUND FEES & INTER 522220 135336 135336 ACADEMY PARTICIPANT FE 611710 11976 11976 147312 137170 137170 1944808 147312 0 137170 141438 115883 12555 13000 273406 224006 24270 25130 7852 6433 697 722 40196 32933 3568 3695 30871 25294 2740 2837 860 705 76 79 23183 18994 2058 2131 50829 41645 4512 4672 2017 1653 179 185 11374 9319 1010 1045 14359 11764 1275 1320 16581 13585 1472 1524 29237 23955 2595 2687 35227 28862 3127 3238 5100 4178 453 469 MEMBERSHIP DUES 1961 1607 174 180 OTHER FEES 21 17 2 2 684512 560833 60763 62916 333470 528720 3163877 6811850 28758 26000 1237528 2440781 12074 39420 4775707 9846771 32919 21330 900000 900000 311317 4660383 1244236 5581713 X 3531471 4264058 1000 3531471 4265058 4775707 9846771 X 1260296 -526709 X X 0 1 X 1 0 X X 1 SPARK 813057920 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 LOAN FUNDING 2440781 C 2440781 DUE TO SPARK 616147 REFUNDABLE ADVANCE 4044236 4660383 X PART X, LINE 2: SPARK CAPITAL IS ORGANIZED AS A NEBRASKA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTIONS, AND HAVE BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. SPARK CAPITAL IS REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS ANNUALLY. IN ADDITION, THE ENTITY IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. SPARK CAPITAL DETERMINED THE ENTITY IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. MANAGEMENT BELIEVES THAT THE ENTITY HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANICIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. FORM 990, PART VI, SECTION B, LINE 11B SPARK CAPITAL WILL PROVIDE A COMPLETE COPY OF FORM 990 IN ELECTRONIC FORMAT VIA EMAIL TO ALL BOARD MEMBERS FOR THEIR REVIEW, PRIOR TO FILING THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM. BOARD MEMBERS ALSO OPENLY AND REGULARLY DISCUSS CONFLICTS AND RECUSE THEMSELVES FROM DISCUSSION AND VOTING AS APPROPRIATE. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, SPARK'S BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR ARE AVAILABLE TO PROVIDE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC. FORM 990, PART VI, LINE 15: THE ORGANIZATION HAS NO EMPLOYEES OF ITS OWN, BUT SHARES EMPLOYEES WITH SPARK. THE PROCESS FOR DETERMINING COMPENSATION IS SET BY THE SPARK BOARD OF DIRECTORS. FORM 990, PART XI, LINE 9: CHANGE IN PROVISION FOR LOAN LOSSES -526,709. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. FABRIC LLC 1111 N 13TH STREET STE 311 OMAHA NE 68102 861875364 REAL ESTATE HOLDING COMPANY NE 0 0 SPARK SPARKING DEVELOPMENT 1111 N 13TH STREET STE 311 OMAHA NE 68102 332384860 REAL ESTATE HOLDING COMPANY NE 0 0 SPARK SPARK 1111 N 13TH STREET STE 311 OMAHA NE 68102 813057920 CHAMPION COMMUNITY DEVELOPMENT AROUND OMAHA, NE AND COUNCIL BLUFFS, IA NE 501(C)(3) LINE 7 N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0