Nonprofit · EIN 38-2436899
ANN ARBOR SPARK
Tax-exempt · ANN ARBOR, MI 48104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $12,807,921 | $11,301,566 | $1,506,355 | $19,044,143 | $5,627,948 | $13,416,195 |
| December 31, 2023 | 990 | $8,451,260 | $9,490,354 | -$1,039,094 | $13,599,567 | $1,679,419 | $11,920,148 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,718,401
- of which government grants
- $10,584,997
- Membership dues
- $19,000
- Program service revenue
- $522,039
- Investment income
- $567,481
- Net gain from sales of assets
- $11,252
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $683,026
- Compensation of officers, directors and key employees
- $987,197
- Other salaries and wages
- $2,207,215
- Salaries, compensation and benefits (total)
- $3,747,742
- Professional fundraising fees
- $0
- Legal fees
- $106,927
- Accounting fees
- $49,505
- Occupancy
- $633,530
- Travel
- $145,061
- Depreciation
- $68,948
Balance sheet and other
- Total assets, start of year
- $13,599,567
- Total assets, end of year
- $19,044,143
- Total liabilities, end of year
- $5,627,948
- Net assets, end of year
- $13,416,195
- Land, buildings and equipment
- $63,337
- Publicly traded securities
- $2,997,569
- Net assets without donor restrictions
- $12,986,005
- Net assets with donor restrictions
- $430,190
- Gross receipts
- $12,944,075
- Employees
- 116
- Volunteers
- 28
- Year formed
- 1984
- State of legal domicile
- MI
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Paul Krutko | President & CEO Trustee or director, Officer | 39 | $395,347 | $42,697 |
| Phil Santer | Business Development V.P. Key employee | 40 | $194,019 | $6,741 |
| William Mayer | Entrepreneurial Srvs V.P. Key employee | 40 | $162,204 | $22,000 |
| Jenn Hayman | Marketing V.P. Highest-paid employee | 40 | $136,195 | $28,016 |
| Michael Flanagan | Capital Programs V.P. Key employee | 40 | $157,000 | $7,188 |
| Laura Berarduci | Communications Director Highest-paid employee | 40 | $106,513 | $12,517 |
| Jennifer Olmstead | Business Development Director Highest-paid employee | 40 | $106,319 | $5,191 |
| Kelly Sexton | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Simon Whitelocke | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| David Snodgrass | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Tiffany Ford | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| David Ruud | Past Chair Trustee or director, Officer | 1 | $0 | $0 |
| Dr Rose Bellanca | Board Member Trustee or director | 1 | $0 | $0 |
| Gregory Dill | Board Member Trustee or director | 1 | $0 | $0 |
| Milton Dohoney | Board Member Trustee or director | 1 | $0 | $0 |
21 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Patti Glaza | Board Member Trustee or director | 1 | $0 |
| Leigh Greden | Board Member Trustee or director | 1 | $0 |
| Jeff Hauptman | Board Member Trustee or director | 1 | $0 |
| Brandon Hofmeister | Board Member Trustee or director | 1 | $0 |
| Justin Hodge | Board Member Trustee or director | 1 | $0 |
| Chris Kolb | Board Member Trustee or director | 1 | $0 |
| Chris Kowitz | Board Member Trustee or director | 1 | $0 |
| Mark LePage | Board Member Trustee or director | 1 | $0 |
| Lon Lowen | Board Member Trustee or director | 1 | $0 |
| Marcy Marshall | Board Member Trustee or director | 1 | $0 |
| Timothy Marshall | Board Member Trustee or director | 1 | $0 |
| John McLaughlin | Board Member Trustee or director | 1 | $0 |
| Peter Mertens | Board Member Trustee or director | 1 | $0 |
| David Parsigian | Board Member Trustee or director | 1 | $0 |
| Paul Roney | Board Member Trustee or director | 1 | $0 |
| Trish Reilly | Board Member Trustee or director | 1 | $0 |
| Chris Sing | Board Member Trustee or director | 1 | $0 |
| Rick Sheridan | Board Member Trustee or director | 1 | $0 |
| Brenda Stumbo | Board Member Trustee or director | 1 | $0 |
| Robert Young | Board Member Trustee or director | 1 | $0 |
| Tom Crawford | CFO Officer | 39.75 | $0 |
990 for the year ended December 31, 2023: 39 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL KRUTKO | PRESIDENT/CE Trustee or director, Officer | 39 | $393,297 | $35,539 |
| PHIL SANTER | VP OF BUS. D Key employee | 40 | $187,519 | $6,882 |
| WILLIAM MAYER | VP OF ENTREP Highest-paid employee | 40 | $158,855 | $20,713 |
| MICHAEL FLANAGAN | VP OF CAPITA Highest-paid employee | 40 | $153,000 | $7,046 |
| JENN HAYMAN | VP OF MARKET Highest-paid employee | 40 | $127,707 | $25,489 |
| MARGARITA HERNANDEZ | DIR OF ENTRE Highest-paid employee | 40 | $108,047 | $13,657 |
| MARCIA GEBAROWSKI | DIR. OF BUS, Highest-paid employee | 40 | $103,802 | $16,180 |
| DAVID RUUD | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KELLY SEXTON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DAVID SNODGRASS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TIFFANY FORD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DAVID PARSIGIAN | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DR ROSE BELLANCA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GREGORY DILL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MILTON DOHONEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATTI GLAZA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEIGH RGREDEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MANDY GREWAL PHD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF HAUPTMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JUSTIN HODGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS KOLB | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK LEPAGE MD MBA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LON LOWEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARCY MARSHALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIMOTHY G MARSHALL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN MCLAUGHLIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VENKAT DV RAO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL RONEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS SING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRENDA STUMBO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SIMON WHITELOCKE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID WILHOIT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID WOMACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT YOUNG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARA M FARMER ENDED | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIM PETERSEN ENDED | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTINA YORK ENDED | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NATHAN BURD ENDED | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM CRAWFORD | CFO Officer | 39.75 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 330 EAST LIBERTY ST LOWER LEVEL, ANN ARBOR, MI 48104-2274
- Principal officer (990 for 2024)
- Paul Krutko, 330 East Liberty St, Ann Arbor, MI 48104
- Signed the 990
- Paul Krutko, President/CEO
- Phone
- (734) 761-9317
- Website
- www.annarborusa.com
- Return prepared by
- YEO & YEO PC
Mission
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.
Program accomplishments
- 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.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-2436899
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $19,044,143
- Income (IRS master file)
- $12,944,075
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $12,807,921 | $11,301,566 | $19,044,143 | XML |
| 990 | December 2023 | $8,451,260 | $9,490,354 | $13,599,567 | XML |
| 990 | December 2022 | $9,443,903 | $10,507,768 | $16,558,054 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 38-2436899).
Questions about ANN ARBOR SPARK
- What is the EIN of ANN ARBOR SPARK?
- The employer identification number (EIN) of ANN ARBOR SPARK is 38-2436899.
- Is ANN ARBOR SPARK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1984.
- Are donations to ANN ARBOR SPARK tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ANN ARBOR SPARK 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 ANN ARBOR SPARK due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ANN ARBOR SPARK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ANN ARBOR SPARK?
- The 990 for the year ended December 31, 2024 names Paul Krutko.
- Who are the officers and directors of ANN ARBOR SPARK?
- The 990 for the year ended December 31, 2024 lists 36 people; 7 received compensation from the organization, the highest $395,347 (Paul Krutko, President & CEO).
- How much revenue does ANN ARBOR SPARK have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $12,807,921, expenses of $11,301,566 and total assets of $19,044,143 at year end.
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