2021-08-03T10:49:52-05:00 2020-12-31 382706146 YEO & YEO PC 1450 EISENHOWER PLACE ANN ARBOR MI 481083283 990 2020-01-01 383416745 ANN ARBOR SPARK FOUNDATION ANNA 7347619317 330 EAST LIBERTY ST ANN ARBOR MI 48104 PAUL KRUTKO PRESIDENT/CEO 7345279143 2021-08-03 PAUL KRUTKO 999009999 THOMAS A O'SULLIVAN P01321877 7347691331 2021-08-03 2020 2022-09-23 18:48:47Z X PAUL KRUTKO 330 EAST LIBERTY ST ANN ARBOR MI 48104 1613230 false X WWW.ANNARBORUSA.ORG X 1998 MI THE ANN ARBOR SPARK FOUNDATION PROVIDES FUNDING AND SUPPORT FOR THE ACTIVITIES OF ANN ARBOR SPARK, A NOT FOR PROFIT 501(C)6 CORPORATION WHICH ADVANCES ECONOMIC DEVELOPMENT IN THE REGION BY ENCOURAGING AND SUPPORTING BUSINESS ACCELERATION, ATTRACTION, EXPANSION AND RETENTION. 30 29 0 129 0 307500 1613227 0 3 0 307500 1613230 126000 1260000 0 0 0 0 295589 383671 421589 1643671 -114089 -30441 183509 139187 23263 9382 160246 129805 X THE ANN ARBOR SPARK FOUNDATION PROVIDES FUNDING AND SUPPORT FOR THE ACTIVITIES OF ANN ARBOR SPARK, A NOT FOR PROFIT 501(C)6 CORPORATION WHICH ADVANCES ECONOMIC DEVELOPMENT IN THE REGION BY ENCOURAGING AND SUPPORTING BUSINESS ACCELERATION, ATTRACTION, EXPANSION AND RETENTION. false false 131000 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. THE ORGANIZATION PROVIDES FUNDING AND SUPPORT FOR THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF ANN ARBOR SPARK TO ADVANCE THE ECONOMIC DEVELOPMENT OF INNOVATION BASED BUSINESSES IN THE ANN ARBOR REGION. 163651 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. 1349020 1260000 SMALL BUSINESS RELIEF FUNDING TO MITIGATE THE HARDSHIP ON LOCAL SMALL BUSINESSES DUE TO MANDATED CLOSURES AS A RESULT OF THE COVID 19 PANDEMIC. THE WASHTENAW SMALL BUSINESS EMERGENCY RELIEF FUND WAS CREATED TO ADDRESS THE FINANCIAL HARDSHIP DUE TO THE COVID-19 CRISIS. THE FUND PROVIDED WORKING CAPITAL GRANTS OF UP TO 5,000 TO QUALIFYING SMALL BUSINESSES, MADE POSSIBLE BY A 1 MILLION GIFT FROM THE SONG FOUNDATION, ALONG WITH FUNDING FROM WASHTENAW COUNTY, ANN ARBOR AREA COMMUNITY FOUNDATION, BANK OF ANN ARBOR, NEW ECONOMY INITIATIVE, RALPH C. WILSON, JR FOUNDATION, CHEMICAL BANK, PITTSFIELD CHARTER TOWNSHIP AND OTHERS. THE ANN ARBOR SPARK FOUNDATION WORKED WITH WASHTENAW COUNTY TO ADMINISTER AND DISBURSE THE FUNDING. 1643671 true true false false false false false false false false false false false false false false false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false false false false false false false false false false false false X 30 29 false false false false false false false true true false false true true true true true true true true false MI X ELIZABETH PERPICH 7347619317 330 EAST LIBERTY ST ANN ARBOR MI 48104 PAUL KRUTKO PRESIDENT/CE 0.25 39.75 X X 0 376069 60326 ELIZABETH PERPICH DIRECTOR OF 0.25 39.75 X 0 131000 21020 MIKE ARCHINAL BOARD MEMBER 0.25 1.00 X 0 0 0 DR ROSE BELLANCA SECRETARY 0.25 1.00 X X 0 0 0 TOM CRAWFORD BOARD MEMBER 0.25 1.00 X 0 0 0 GREGORY DILL BOARD MEMBER 0.25 1.00 X 0 0 0 MARA M FARMER BOARD MEMBER 0.25 1.00 X 0 0 0 TIFFANY FORD BOARD MEMBER 0.25 1.00 X 0 0 0 LEIGH R GREDEN BOARD MEMBER 0.25 1.00 X 0 0 0 JEFF HAUPTMAN BOARD MEMBER 0.25 1.00 X 0 0 0 LON LOWEN BOARD MEMBER 0.25 1.00 X 0 0 0 MARK LEPAGE MD MBA BOARD MEMBER 0.25 1.00 X 0 0 0 TIMOTHY G MARSHALL BOARD MEMBER 0.25 1.00 X 0 0 0 JOHN MCLAUGHLIN BOARD MEMBER 0.25 1.00 X 0 0 0 DAVID PARSIGIAN CHAIR 0.25 1.00 X X 0 0 0 TIM PETERSEN BOARD MEMBER 0.25 1.00 X 0 0 0 MANDY GREWAL PHD BOARD MEMBER 0.25 1.00 X 0 0 0 VENKAT DV RAO BOARD MEMBER 0.25 1.00 X 0 0 0 JOANNE RAU BOARD MEMBER 0.25 1.00 X 0 0 0 PAUL RONEY BOARD MEMBER 0.25 1.00 X 0 0 0 DAVID RUUD VICE CHAIR 0.25 1.00 X X 0 0 0 KELLY SEXTON BOARD MEMBER 0.25 1.00 X 0 0 0 SUE SHINK BOARD MEMBER 0.25 1.00 X 0 0 0 CHRISTINE SING BOARD MEMBER 0.25 1.00 X 0 0 0 DAVID SNODGRASS TREASURER 0.25 1.00 X X 0 0 0 BRENDA STUMBO BOARD MEMBER 0.25 1.00 X 0 0 0 MICKEY SWORTZEL BOARD MEMBER 0.25 1.00 X 0 0 0 MATTHEW VANBESIEN BOARD MEMBER 0.25 1.00 X 0 0 0 CYNTHIA WILBANKS PAST CHAIR 0.25 1.00 X X 0 0 0 CHRISTINA YORK BOARD MEMBER 0.25 1.00 X 0 0 0 ROBERT YOUNG BOARD MEMBER 0.25 1.00 X 0 0 0 507069 81346 false true false 1613227 1613227 3 3 1613230 3 1260000 1260000 5789 5789 197600 197600 106743 106743 7406 7406 542 542 335 335 39452 39452 23737 23737 560 560 DUES & SUBS 1075 1075 FEES 432 432 1643671 1643671 0 0 183509 114187 25000 183509 139187 23263 9382 23263 9382 X 160246 129805 160246 129805 183509 139187 -30441 X false true X true false X X 1 ANN ARBOR SPARK ANN ARBOR SPARK 382436899 10 true 1260000 0 1 1260000 0 true false true true true false false false false false false false false false false false false true PART IV, SECTION A, LINE 3B THE FOUNDATION ENSURES THAT ANN ARBOR SPARK IS A 501C6 AND SATIFIES THEIR PUBLIC SUPPORT TEST ANNUALLY BY REVIEWING THEIR 990 AND IRS STATUS. PART IV, SECTION A, LINE 3C MANAGEMENT MONTITORS THAT FUNDS ARE ONLY USED FOR ALLOWABLE ACTIVITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true ANN ARBOR SPARK 201 S DIVISION STE 430 ANN ARBOR MI 48104 382436899 6 1260000 ECONOMIC DEVELOPMENT SCHEDULE I, PAGE 1, PART I, LINE 2 A CONDITION OF THESE GRANTS IS THAT ANN ARBOR SPARK SHALL TRACK USE OF THE GRANT FUND TO SHOW THEIR USE IN A MANNER CONSISTENT WITH THE PERMITTED PURPOSES. PRIOR TO RECEIVING THE FUNDS, SPARK SUBMITS A BUDGET TO ENSURE THAT FUNDS ARE SPENT CONSISTENTLY WITH THE MISSION OF THE FOUNDATION, AND A REPORT IS SUBMITTED AT THE END OF THE GRANT OUTLINING AN ACCOUNTING OF HOW THE FUNDS WERE SPENT. false false false false false false false false false PAUL KRUTKO PRESIDENT/CEO 317500 58569 29528 30798 436395 ELIZABETH PERPICH DIRECTOR OF FINANCE 119000 12000 21020 152020 SCHEDULE J, PART III PRESIDENT/CEO AND FINANCE DIRECTOR ARE PAID BY ANN ARBOR SPARK. THE ANN ARBOR SPARK FOUNDATION IS A SUPPORTING ORGANIZATION. FORM 990 - ORGANIZATION'S MISSION THE ANN ARBOR SPARK FOUNDATION PROVIDES FUNDING AND SUPPORT FOR THE ACTIVITIES OF ANN ARBOR SPARK, A NOT FOR PROFIT 501(C)6 CORPORATION WHICH ADVANCES ECONOMIC DEVELOPMENT IN THE REGION BY ENCOURAGING AND SUPPORTING BUSINESS ACCELERATION, ATTRACTION, EXPANSION AND RETENTION. FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS INCLUDE BOARD AND COMMITTEE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT OF THE FORM 990 IS DISTRIBUTED TO THE FINANCE COMMITTEE AND CEO PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS, EXECUTIVE COMMITTEE AND KEY STAFF MUST ANNUALLY SIGN A STATEMENT CONCERNING POTENTIAL CONFLICTS OF INTEREST. THESE STATEMENTS ARE PERIODICALLY REVIEWED BY THE FINANCE COMMITTEE TO DETERMINE IF FURTHER EXAMINATION OR ACTION IS NEEDED. IF AN CONFLICT OF INTEREST EXISTS, ANN ARBOR SPARK FOUNDATION FOLLOWS UP WITH THE EXECUTIVE COMMITTEE, THE EXECUTIVE COMMITTEE DECIDES IF FURTHER ACTION IN NECESSARY. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION COMMITTEE - THE GOVERNANCE COMMITTEE IS RESPONSIBLE FOR EVALUATING AND ESTABLISHING THE SALARY AND BENEFITS FOR THE CEO AND KEY EMPLOYEES. STAFF PREPARES STATISTICS ON COMPARATIVE SALARY DATA FROM SIMILAR ORGANIZATIONS FOR BENCHMARKING. THIS DATA, ALONG WITH PERFORMANCE DATA, IS USED BY THE GOVERNANCE COMMITTEE TO DETERMINE COMPENSATION FOR THE FOLLOWING FISCAL YEAR. THERE ARE NO EMPLOYEES OF ANN ARBOR SPARK FOUNDATION, RATHER THEY ARE ALL EMPLOYEES OF ANN ARBOR SPARK. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION COMMITTEE - THE GOVERNANCE COMMITTEE IS RESPONSIBLE FOR EVALUATING AND ESTABLISHING THE SALARY AND BENEFITS FOR THE CEO AND KEY EMPLOYEES. STAFF PREPARES STATISTICS ON COMPARATIVE SALARY DATA FROM SIMILAR ORGANIZATIONS FOR BENCHMARKING. THIS DATA, ALONG WITH PERFORMANCE DATA, IS USED BY THE GOVERNANCE COMMITTEE TO DETERMINE COMPENSATION FOR THE FOLLOWING FISCAL YEAR. THERE ARE NO EMPLOYEES OF ANN ARBOR SPARK FOUNDATION, RATHER THEY ARE ALL EMPLOYEES OF ANN ARBOR SPARK. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION SHARES INFORMATION THAT FALLS WITHIN PARAMETERS AGREED UPON BY OUR FUNDERS, CLIENTS AND PORTFOLIO COMPANIES. SPARK POSTS ITS AUDITED FINANCIAL STATEMENTS ON OUR WEBSITE. THE 990 IS ALSO PUBLIC INFORMATION AVAILABLE ON GUIDESTAR. GOVERNING DOCUMENTS AND POLICIES ARE NOT USUALLY AVAILABLE TO THE GENERAL PUBLIC, ALTHOUGH THE STATE OF MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS WEBSITE PROVIDES PUBLIC ACCESS TO ANN ARBOR SPARK'S ARTICLES OF INCORPORATION. ANN ARBOR SPARK 201 S DIVISION STE 430 ANN ARBOR MI 48104 382436899 ECON. DEVE MI 6 N/A false false true false false false false false false false false false false false false true false false false false ANN ARBOR SPARK B 1260000 COST