2023-11-15T12:44:45-06:00 2022-12-31 470574775 FRANKEL ZACHARIA LLC 11404 WEST DODGE RD SUITE 700 OMAHA NE 681542576 990 2022-01-01 813057920 SPARK SPAR 4028001242 1111 NORTH 13 STREET 311 OMAHA NE 68102 BUEY TUT CEO 4028001242 2023-11-13 1 BUEY TUT 999009999 0 AMY SUGHROUE P01058335 4024969100 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BUEY TUT 1111 NORTH 13 STREET 311 OMAHA NE 68102 903208 0 X WWW.SPARKCDI.ORG X 2016 NE ORGANIZATION WAS ESTABLISHED TO CHAMPION COMMUNITY DEVELOPMENT BY FORMING AND LEADING PARTNERSHPS THAT CREATE, IMPLEMENT, AND EVALUATE HOLISTIC REVITALIZATION PROJECTS. 7 7 11 8 0 0 2248721 868726 0 0 164 1788 7689 -17354 2256574 853160 0 28000 0 0 320186 512066 0 0 44216 144940 203037 465126 743103 1791448 110057 2470063 2864842 22951 51037 2447112 2813805 X ORGANIZATION WAS ESTABLISHED TO CHAMPION COMMUNITY DEVELOPMENT BY FORMING AND LEADING PARTNERSHIPS THAT CREATE, IMPLEMENT AND EVALUATE HOLISTIC REVITALIZATION PROJECTS. 0 0 527689 28000 6569 SPARK IS A 501(C) NONPROFIT ORGANIZATION THAT BRINGS A UNIQUE, COLLABORATIVE AND COMMUNITY-BASED APPROACH TO ECONOMIC DEVELOPMENT IN THE OMAHA/COUNCIL BLUFFS REGION. WE RECOGNIZE THAT PHILANTHROPIC ORGANIZATIONS, CIVIC INSITUTIONS, AND OTHER EQUITY PARTNERS HAVE THE RESOURCES TO IMPACT CHANGE WHILE COMMUNITY RESIDENTS, BUSINESS OWNERS AND OTHER STAKEHOLDERS BEST UNDERSTAND THE COMMUNITY'S NEEDS. SPARK SERVES AS A BRIDGE BETWEEN THESE VARIOUS PARTIES, LEVERAGING OUR EXPERTISE, RELATIONSHIPS AND FUNDING TO TRANSFORM NEIGHBORHOODS THROUGH A PROCESS OF HOLISTIC DEVELOPMENT. HOLISTIC DEVELOPMENT APPLIES RIGOROUS REAL ESTATE DEVELOPMENT METHODS WHILE CONSIDERING ALL THE FOUNDATIONAL ASSETS: SOCIAL, POLITICAL, ECONOMIC AND PHYSICAL, THAT ARE NECESSARY FOR COMMUNITIES TO THRIVE AND PROSPER. OUR ROLE IS TO SUPPORT AND SUPPLEMENT THE WORK OF EXISTING ORGANIZATIONS, BUILD UPON EXISTING COMMUNITY ASSETS, PROVIDE FUNDING, LEVERAGE RESOURES TO CLOSE FINANCING GAPS AND TO HELP EDUCATE AND MINIMIZE THE RISK FOR DEVELOPERS WHO WOULD OTHERWISE NOT INVEST IN THESE COMMUNITIES. MOREOVER, WE WORK HAND IN HAND WITH THE COMMUNITY TO IDENTIFY AND TRAIN COMMUNITY LEADERS TO EFFECTIVELY ADVOCATE FOR THEMSELVES BOTH NOW AND FOR FUTURE GENERATIONS. 527689 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 16 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X FRANKEL LLC 4024969100 11404 W DODGE ROAD STE 700 OMAHA NE 68154 CARMEN TAPIO PRESIDENT 2.00 X X 0 0 0 ANDREA KATHOL SECRETARY 2.00 X X 0 0 0 CAMMY WATKINS VICE PRESIDENT 2.00 X X 0 0 0 OJ SPOONER TREASURER 2.00 X X 0 0 0 ANNETTE SMITH DIRECTOR 1.00 X 0 0 0 NANCY PRIDAL DIRECTOR 1.00 X 0 0 0 ATHENA RAMOS DIRECTOR 1.00 X 0 0 0 JAMIE GRAYSON-BERGLUND EXECUTIVE DIRECTOR 22.00 18.00 X 144826 0 27795 144826 0 27795 1 0 1 0 0 32825 835901 868726 1788 1788 26125 50048 -23923 -23923 -23923 MISCELLANEOUS 531390 6569 6569 6569 853160 6569 0 -22135 28000 28000 163510 132777 19041 11692 276347 224406 32180 19761 7723 6272 899 552 31883 25890 3713 2280 32603 26475 3797 2331 4673 4673 30453 30453 31555 31555 12995 12995 41778 33669 5024 3085 17404 17404 30841 24855 3709 2277 6839 5512 822 505 15477 12473 1861 1143 2106 2106 6946 5598 835 513 MEMBERSHIP DUES 1056 848 131 77 PROJECT EXPENSE 914 914 743103 527689 171198 44216 321527 355794 441638 849859 1000000 1060713 526759 36108 492772 490651 214126 107825 2470063 2864842 21951 29279 1000 21758 22951 51037 X 469519 686041 1977593 2127764 2447112 2813805 2470063 2864842 X 110057 235758 20878 X X 0 1 X 1 0 X 513854 389946 941602 2248721 868726 4962849 513854 389946 941602 2248721 868726 4962849 3094177 1868672 488 1215 26536 164 1788 30191 200 6569 6769 4999809 37433 0.37370 0.39610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51198 51198 455154 19510 435644 20407 16598 3809 490651 TENANT DEPOSIT 1000 CREDIT CARDS PAYABLE 11036 ST LEASE LIABILITY 9722 21758 X PART X, LINE 2: SPARK 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 PRIVATE FOUNDATIONS. SPARK 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 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. 1 SPARK CAPITAL 1111 NORTH 13 STREET OMAHA NE 68102 843169340 501(C)(3) 28000 0 TO PROVIDE FINANCIAL AND EDUCATIONAL SERVICES TO ECONOMICALLY DISTRESSED COMMUNITIES 1 PART I, LINE 2: SPARK CAPITAL IS A CONTROLLED ENTITY. 0 0 0 0 0 0 0 0 0 JAMIE GRAYSON-BERGLUND EXECUTIVE DIRECTOR 138735 0 6091 0 0 0 4487 0 23308 0 172621 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B SPARK 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 990 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 DISCLOSE CONFLICTS AND RECUSE THEMSELVES FROM DISCUSSION AND VOTING AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE SPARK BOARD OF DIRECTORS ESTABLISHED A SEARCH COMMITTEE, IN PART COMPRISED OF MEMBERS WITH SUBSTANTIAL EXPERIENCE IN HIRING AND DECIDING THE COMPENSATION LEVELS OF EXECUTIVE DIRECTORS SIMILARLY SITUATED. IN ADDITION, AN INQUIRY WAS MADE ON THE EXISTING SALARY LEVEL OF THE EXECUTIVE DIRECTOR BEFORE AN OFFER OF COMPENSATION WAS MADE. THE INDICATED SALARY LEVEL FELL WITHIN A REASONABLE RANGE DISCUSSED BY THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN DISCOUNT ON CONTRIBUTIONS 20,878. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FABRIC LLC 1111 NORTH 13TH STREET STE 311 OMAHA NE 68102 861875364 HOLD AND MANAGE REAL ESTATE NE -23923 655171 SPARK SPARK CAPITAL 1111 NORTH 13TH STREET STE 311 OMAHA NE 68102 843169340 LOAN FUNDING NE 501(C)(3) LINE 12A, I SPARK 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 SPARK CAPITAL B 28000 ACTUAL