Nonprofit · EIN 37-1232878
SPARC ENDOWMENT FUND INC
Tax-exempt · SPRINGFIELD, IL 62702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $103,923 | $1,906 | $102,017 | $8,535,300 | $3,827,041 | $4,708,259 |
| June 30, 2024 | 990 (amended) | $297,987 | $16,063 | $281,924 | $8,362,424 | $3,822,304 | $4,540,120 |
| June 30, 2023 | 990 | -$175,656 | $13,031 | -$188,687 | $8,147,428 | $4,097,174 | $4,050,254 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,325
- Program service revenue
- $0
- Investment income
- $125,079
- Net rental income
- -$27,481
- Net gain from sales of assets
- $89,408
- Other revenue
- -$27,481
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $166
- Management and general (functional)
- $1,906
Balance sheet and other
- Total assets, start of year
- $8,362,424
- Total assets, end of year
- $8,535,300
- Total liabilities, end of year
- $3,827,041
- Net assets, end of year
- $4,708,259
- Land, buildings and equipment
- $3,895,682
- Net assets without donor restrictions
- $4,605,635
- Net assets with donor restrictions
- $102,624
- Gross receipts
- $1,401,004
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1988
- State of legal domicile
- IL
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUG MCDONALD | CEO/PRESIDENT (THRU 4/25) Officer | 1 | $0 | $165,874 | $2,009 |
| DARIAN FENCL | COO/TREASURER (THRU 4/25) Officer | 1 | $0 | $117,663 | $2,009 |
| DENISE SCHAINKER | ACTING CEO/PRESIDENT Officer | 1 | $0 | $82,866 | $1,967 |
| KELLY CARTER | FINANCE DIR/TREASURER (BEG 8/24) Officer | 1 | $0 | $25,673 | $0 |
| JIM BREMHORST | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GREG COLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID ED | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHEILA MACK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN NARDULLI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAT PHALEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUG MCDONALD | CEO Officer | 1 | $0 | $160,708 | $5,458 |
| STEVE NARDULLI | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DENNIS RYAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRIS LEMING | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LINDA JONES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM BREMHORST | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIM RIGBY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID ED | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATIE BUSSING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRAD WIKE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT WESLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN HEATHERTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MONICA HEATHERTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| AMY LAKEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHELLE CLATFELTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GREG COLLING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIKE HOFFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOE ISRINGHAUSEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID TRAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN CORBIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUGLAS MCDONALD | CEO Officer | 1 | $0 | $159,839 | $7,085 |
| STEVE NARDULLI | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DENNIS RYAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRIS LEMMING | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM BREMHORST | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID ED | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARY TRASK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LINDA JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEPHEN MADONIA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHELLE CLATFELTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TIM RIGBY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATIE RUTLEDGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARK BARTHEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BRAD WIKE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHNNY WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 SPARC CENTER PLAZA 232 BRUNS LN, SPRINGFIELD, IL 62702-0000
- Principal officer (990 for 2024)
- DENISE SCHAINKER, 1 SPARC CENTER PLAZA 232 BRUNS LN, SPRINGFIELD, IL 62702
- Signed the 990
- KELLY CARTER, FINANCE DIRECTOR
- Phone
- (217) 793-2100
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO RECEIVE/MAINTAIN FUNDS OF REAL OR PERSONAL PROPERTY AND APPLY THE INCOME THEREFROM TO SUPPORT PROGRAMS OF SPARC TO IMPROVE THE GENERAL WELFARE OF PERSONS WITH DEVELOPMENTAL DISABILITIES.
Program accomplishments
- TO RECEIVE/MAINTAIN FUNDS OF REAL OR PERSONAL PROPERTY AND APPLY THE INCOME THEREFROM TO SUPPORT PROGRAMS OF SPARC TO IMPROVE THE GENERAL WELFARE OF PERSONS WITH DEVELOPMENTAL DISABILITIES.0
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 37-1232878
- 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
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,535,300
- Income (IRS master file)
- $1,401,004
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $103,923 | $1,906 | $8,535,300 | IRS |
| 990 | June 2024 | $297,987 | $16,063 | $8,362,424 | XML |
| 990 | June 2023 | -$175,656 | $13,031 | $8,147,428 | XML |
| 990 | June 2022 | -$254,294 | $15,015 | $6,881,515 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 37-1232878).
Questions about SPARC ENDOWMENT FUND INC
- What is the EIN of SPARC ENDOWMENT FUND INC?
- The employer identification number (EIN) of SPARC ENDOWMENT FUND INC is 37-1232878.
- Is SPARC ENDOWMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to SPARC ENDOWMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SPARC ENDOWMENT FUND INC 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 SPARC ENDOWMENT FUND INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPARC ENDOWMENT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SPARC ENDOWMENT FUND INC?
- The 990 for the year ended June 30, 2025 names DENISE SCHAINKER.
- Who are the officers and directors of SPARC ENDOWMENT FUND INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does SPARC ENDOWMENT FUND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $103,923, expenses of $1,906 and total assets of $8,535,300 at year end.
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