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Nonprofit · EIN 38-3416745

ANN ARBOR SPARK FOUNDATION

Tax-exempt · ANN ARBOR, MI 48104

Financials

$205K$220K2023$183K$177K2024
Revenue Expenses · by fiscal year end
Financials of ANN ARBOR SPARK FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$182,887$177,352$5,535$91,440$35,870$55,570
December 31, 2023990$204,858$219,916-$15,058$85,905$35,870$50,035
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$180,200
Program service revenue
$0
Investment income
$2,687
Other revenue
$0

Expenses

Grants and similar amounts paid
$140,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$12,352
Program services (functional)
$177,352

Balance sheet and other

Total assets, start of year
$85,905
Total assets, end of year
$91,440
Total liabilities, end of year
$35,870
Net assets, end of year
$55,570
Net assets without donor restrictions
$55,570
Gross receipts
$182,887
Employees
0
Volunteers
5
Year formed
1998
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Paul KrutkoPresident & CEO
Officer
1$0$395,347$42,697
Kelly SextonChair
Trustee or director, Officer
0.25$0$0$0
Simon WhitelockeVice Chair
Trustee or director, Officer
0.25$0$0$0
David SnodgrassTreasurer
Trustee or director, Officer
0.25$0$0$0
Tiffany FordSecretary
Trustee or director, Officer
0.25$0$0$0
David RuudPast Chair
Trustee or director, Officer
0.25$0$0$0
Tom CrawfordCFO
Officer
0.25$0$0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
PAUL KRUTKOPRESIDENT/CE
Officer
1$0$393,297$35,539
DAVID RUUDCHAIR
Trustee or director, Officer
0.25$0$0$0
KELLY SEXTONVICE CHAIR
Trustee or director, Officer
0.25$0$0$0
DAVID SNODGRASSTREASURER
Trustee or director, Officer
0.25$0$0$0
TIFFANY FORDSECRETARY
Trustee or director, Officer
0.25$0$0$0
DAVID PARSIGIANPAST CHAIR
Trustee or director, Officer
0.25$0$0$0
TOM CRAWFORDCFO
Officer
0.25$0$0$0

Address and contacts

Address (IRS master file)
330 EAST LIBERTY ST, ANN ARBOR, MI 48104-2274
In care of
% SUSAN A LACKEY
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
Return prepared by
YEO & YEO PC

Mission

The Ann Arbor SPARK Foundation is an affiliated 501(c)(3) nonprofit organization designed to solicit contributions and promote the charitable purposes of SPARK.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $140,000 · grants $140,000
  • 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.
    Expenses $37,352

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-3416745
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$91,440
Income (IRS master file)
$182,887

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$182,887$177,352$91,440XML
990December 2023$204,858$219,916$85,905XML
990December 2022$206,714$275,209$166,236IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 38-3416745).

Questions about ANN ARBOR SPARK FOUNDATION

What is the EIN of ANN ARBOR SPARK FOUNDATION?
The employer identification number (EIN) of ANN ARBOR SPARK FOUNDATION is 38-3416745.
Is ANN ARBOR SPARK FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to ANN ARBOR SPARK FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does ANN ARBOR SPARK FOUNDATION 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 FOUNDATION 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 FOUNDATION 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 FOUNDATION?
The 990 for the year ended December 31, 2024 names Paul Krutko.
Who are the officers and directors of ANN ARBOR SPARK FOUNDATION?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does ANN ARBOR SPARK FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $182,887, expenses of $177,352 and total assets of $91,440 at year end.

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