2015-07-20T07:32:43-05:00 2014-12-31 382706146 YEO & YEO PC 1450 EISENHOWER PLACE ANN ARBOR MI 481083283 990 2014-01-01 383416745 ANN ARBOR SPARK FOUNDATION ANNA 7347619317 201 S DIVISION ROOM/SUITE 430 ANN ARBOR MI 48104 PAUL KRUTKO PRESIDENT 7347619317 2015-07-14 THOMAS A O'SULLIVAN P01321877 7347691331 2015-07-14 2014 2016-02-25 16:41:14Z PAUL KRUTKO 201 S DIVISION STE 430 ANN ARBOR MI 48104 36000 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. 13 13 0 13 0 311200 36000 731266 0 0 0 1042466 36000 35000 0 0 0 0 1001902 54709 1001902 89709 40564 -53709 267400 60140 153551 0 113849 60140 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 true 89709 35000 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. 89709 true true false false false false false false false false false false false false false false false true false false false true false false false false false false false true false false false false false false false false false false false false false true false false false true 1 0 0 false false false false false false false false false false false false false false X 13 13 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 7345279143 201 S DIVISION STE 430 ANN ARBOR MI 48104 PAUL KRUTKO PRESIDENT/CE 1.00 39.00 X X 0 276740 61069 TIMOTHY G MARSHALL CHAIR 1.00 X X 0 0 0 CYNTHIA WILBANKS VICE CHAIR 1.00 X X 0 0 0 DAVID PARSIGIAN SECRETARY 1.00 X X 0 0 0 TREVOR LAUER TREASURER 1.00 X X 0 0 0 ALBERT BERRIZ BOARD MEMBER 1.00 X 0 0 0 DR MARY SUE COLEMAN BOARD MEMBER 1.00 X 0 0 0 CHARLES GULASH BOARD MEMBER 1.00 X 0 0 0 JOHN HIEFTJE BOARD MEMBER 1.00 X 0 0 0 MIKE KENNEDY BOARD MEMBER 1.00 X 0 0 0 DR SUSAN W MARTIN BOARD MEMBER 1.00 X 0 0 0 JONATHAN S NEWPOL BOARD MEMBER 1.00 X 0 0 0 ROGER S NEWTON BOARD MEMBER 1.00 X 0 0 0 RICHARD B SHERIDAN BOARD MEMBER 1.00 X 0 0 0 LIZ PERPICH DIRECTOR OF 1.00 39.00 X 0 80800 22493 357540 83562 false true false 36000 36000 36000 X 35000 35000 42665 42665 547 547 646 646 EVENTS 10851 10851 89709 89709 0 0 34078 60140 233322 267400 60140 141967 11584 153551 0 X 113849 60140 113849 60140 267400 60140 -53709 X false true X true false X X 1 ANN ARBOR SPARK ANN ARBOR SPARK 382436899 9 true 35000 0 1 35000 true false true true true false false false false false false false false false false false false true PART IV, 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, LINE 3C MANAGEMENT MONTITORS THAT FUNDS ARE ONLY USED FOR ALLOWABLE ACTIVITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35000 false false false false false false X X X false true false false false false false false false PAUL KRUTKO PRESIDENT/CEO 276740 58690 2379 337809 SCHEDULE J, PAGE 1, PART I, LINE 4 PAUL KRUTKO 0 32,123 0 SCHEDULE J, PART III PRESIDENT/CEO IS 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 3 ANN ARBOR SPARK FOUNDATION CEASED BEING THE FIDUCIARY FOR THE ACCELERATE MICHIGAN INNOVATION BUSINESS COMPETITION. FORM 990, PAGE 6, PART VI, LINE 1A THE BOARD HAS GRANTED FULL DECISION MAKING RESPONSIBILITIES TO THE EXECUTIVE COMMITTEE. 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 OTHER FEES 42,665 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 35000 COST