2018-09-21T10:02:40-04:00 2017-12-31 382706146 YEO & YEO PC 1450 EISENHOWER PLACE ANN ARBOR MI 481083283 990 2017-01-01 383416745 ANN ARBOR SPARK FOUNDATION ANNA 7347619317 201 S DIVISION STE 430 ANN ARBOR MI 48104 PAUL KRUTKO PRESIDENT/CEO 7346159310 2018-05-04 THOMAS A O'SULLIVAN P01321877 7347691331 2018-09-21 70.34.166.252 2018-09-21 09:02:40 CD P F05E70591467175866F8CD01CFD966A6957D8035 F05E70591467175866F8CD01CFD966A6957D8035 2017 2018-06-14 16:35:46Z PAUL KRUTKO 201 S DIVISION ST STE 430 ANN ARBOR MI 48104 682000 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. 19 18 0 100 0 43500 182000 200000 500000 0 0 243500 682000 125000 0 0 0 0 220794 195819 220794 320819 22706 361181 128506 438893 50794 0 77712 438893 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 159852 100000 PROGRAM AND SERVICE ACCOMPLISHMENTS - ANN ARBOR SPARK FOUNDATION 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. 71867 350000 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. 89100 50000 VIRTUAL BUSINESS ADVISOR - THE VBA IS AN ECONOMIC DEVELOPMENT TOOL, EASILY ACCESSIBLE TO ANY ENTREPRENEUR VIA A WEB PORTAL, THAT AIMS TO EDUCATE AND ASSIST ENTREPRENEURS AND EARLY STAGE BUSINESSES AS THEY WORK TOWARDS THEIR NEXT STAGE OF GROWTH. THROUGH A SERIES OF ASSESSMENTS, THE VBA IDENTIFIES PERSONAL AND COMPANY STRENGTHS AND WEAKNESSES, BENCHMARKS AGAINST OTHER COMPANIES IN THE REGION, AND CONNECTS USERS TO SUGGESTIONS AND AVAILABLE RESOURCES TO ADDRESS THEIR UNIQUE NEEDS. 320819 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 0 false false false false false false false false false false false false false false X 19 18 false false false false false false false true true false false true true true true true true true true false MI X X LIZ PERPICH 7345279167 201 S DIVISION STE 430 ANN ARBOR MI 48104 PAUL KRUTKO PRESIDENT/CE 0.25 39.75 X X 0 308729 28134 CYNTHIA WILBANKS CHAIR 0.25 1.00 X X 0 0 0 DAVID PARSIGIAN VICE CHAIR 0.25 1.00 X X 0 0 0 DAVID RUUD TREASURER 0.25 1.00 X X 0 0 0 DR ROSE BELLANCA SECRETARY 0.25 1.00 X X 0 0 0 TIMOTHY G MARSHALL PAST CHAIR 0.25 1.00 X 0 0 0 TREVOR LAUER BOARD MEMBER 0.25 1.00 X 0 0 0 ALBERT BERRIZ BOARD MEMBER 0.25 1.00 X 0 0 0 STEPHEN FORREST BOARD MEMBER 0.25 1.00 X 0 0 0 CHARLES GULASH BOARD MEMBER 0.25 1.00 X 0 0 0 MIKE KENNEDY BOARD MEMBER 0.25 1.00 X 0 0 0 JONATHAN S NEWPOL BOARD MEMBER 0.25 1.00 X 0 0 0 MARK SCHLISSEL BOARD MEMBER 0.25 1.00 X 0 0 0 CHRIS TAYLOR BOARD MEMBER 0.25 1.00 X 0 0 0 RIC DEVORE BOARD MEMBER 0.25 1.00 X 0 0 0 KENNETH FISCHER BOARD MEMBER 0.25 1.00 X 0 0 0 JIM SMITH BOARD MEMBER 0.25 1.00 X 0 0 0 BHUSHAN KULKARNI BOARD MEMBER 0.25 1.00 X 0 0 0 KEN NISBET BOARD MEMBER 0.25 1.00 X 0 0 0 LIZ PERPICH DIRECTOR OF 0.25 39.75 X 0 93927 27183 402656 55317 false true false 182000 182000 GRANTS & REVENUE 900099 450000 450000 MUNICIPAL SERVICE CONTRACTS 900099 50000 50000 500000 682000 500000 X 125000 125000 25597 25597 127195 127195 131 131 33587 33587 7379 7379 952 952 MISC. 978 978 320819 320819 0 0 103506 422019 25000 5000 11874 128506 438893 15000 35794 50794 0 X 77712 52933 385960 77712 438893 128506 438893 361181 X false true X true false X X 1 ANN ARBOR SPARK ANN ARBOR SPARK 382436899 10 true 125000 0 1 125000 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. 682000 682000 682000 320819 320819 320819 false ANN ARBOR SPARK 201 S DIVISION STE 430 ANN ARBOR MI 48104 382436899 6 125000 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. X X X false false false false false false false false false PAUL KRUTKO PRESIDENT/CEO 254729 54000 26890 1244 336863 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 2, PART III, LINE 4A DEVELOPMENT OF INNOVATION BASED BUSINESSES IN THE ANN ARBOR REGION. 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 STATEMENT AND ITS 990 ON OUR WEBSITE, 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. FORM 990, PART IX, LINE 11G 127,195 0 0 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 false false false false false ANN ARBOR SPARK B 125000 COST