Spark The Journey
- Assets
- $4.1m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 34
- Location
- Washington, DC
- Founding
- 07/1993
- Data as of
- 06/2022
- EIN
- 52-1832497
Organization Overview
Spark The Journey is located in Washington, DC. The organization was established in 1993. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Spark The Journey employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spark The Journey is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Spark The Journey generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 6.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPARK THE JOURNEY BELIEVES THAT A COMMUNITY OF SUPPORT CHANGES THE OUTCOMES OF THE YOUNG ADULTS WE SERVE, SO WE CREATE AN ENVIRONMENT WHERE THEY CAN ENGAGE WITH THE COMMUNITY AND LEARN THE IMPORTANCE OF BUILDING AND MAINTAINING RELATIONSHIPS. THIS SKILL ALONE HELPS THEM GAIN AN UNDERSTANDING OF NETWORKS AS TOOLS FOR SUCCESS AND EXPOSES THEM TO NEW AND EXCITING POSSIBILITIES IN THEIR EDUCATIONAL AND PROFESSIONAL LIVES. WE MATCH OUR PROGRAM PARTICIPANTS WITH A DEDICATED MENTOR. EACH MENTEE AND MENTOR PAIR ARE SUPPORTED BY A SPARK THE JOURNEY TEAM MEMBER WHO SERVES AS A RESOURCE AND SUPPORT SYSTEM TO HELP ENSURE THEY ARE CULTIVATING MEANINGFUL RELATIONSHIPS AND DEVELOPING THE SKILLS THEY NEED TO THRIVE IN SCHOOL OR IN THEIR CAREER. FOR SPARK THE JOURNEY PROGRAM PARTICIPANTS SEEKING A COLLEGE EDUCATION, THEY ARE PROVIDED WITH WRAP-AROUND SERVICES AND PROGRAMS SUCH AS FREE SAT CLASSES AND SUBJECT-SPECIFIC TUTORING, INDIVIDUALIZED COLLEGE ADVISING, APPLICATION ASSISTANCE, CASE MANAGEMENT, SCHOLARSHIPS, FAFSA APPLICATION ASSISTANCE, RESUME REVISION, PROFESSIONAL NETWORKING, INTERNSHIP AND EXTERNSHIP EXPERIENCES, CAREER EXPLORATION DAYS, AND DIRECT FINANCIAL SUPPORT. FOR SPARK THE JOURNEY PROGRAM PARTICIPANTS SEEKING AN ALTERNATE PATH TO CAREER SUCCESS, WE PROVIDE CASE MANAGEMENT, RESUME REVISION, PROFESSIONAL NETWORKING, INTERNSHIP AND EXTERNSHIP EXPERIENCES, CAREER EXPLORATION DAYS, AND DIRECT FINANCIAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore Schwab Co-Founder/chairman Emeritus | OfficerTrustee | 1 | $0 |
Mary Bush Board Chair | OfficerTrustee | 1 | $0 |
John Bates Treasurer | OfficerTrustee | 1 | $0 |
Carol Adelman Director | Trustee | 1 | $0 |
Johnson Bademosi Director | Trustee | 1 | $0 |
Margot Machol Bisnow Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $155,421 |
| Related organizations | $0 |
| Government grants | $635,352 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,863,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,654,501 |
| Total Program Service Revenue | $0 |
| Investment income | $14,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $360 |
| Net Income from Fundraising Events | -$64,296 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,620,735 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $75,030 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $529,860 |
| Compensation of current officers, directors, key employees. | $63,016 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,527,687 |
| Pension plan accruals and contributions | $16,271 |
| Other employee benefits | $177,178 |
| Payroll taxes | $206,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,009 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $200 |
| Fees for services: Other | $225,134 |
| Advertising and promotion | $0 |
| Office expenses | $54,342 |
| Information technology | $95,175 |
| Royalties | $0 |
| Occupancy | $81,550 |
| Travel | $3,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $313 |
| Insurance | $31,401 |
| All other expenses | $218,133 |
| Total functional expenses | $3,348,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,017,567 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,118,310 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,285 |
| Net Land, buildings, and equipment | $416 |
| Investments—publicly traded securities | $926,833 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,250 |
| Total assets | $4,089,661 |
| Accounts payable and accrued expenses | $169,544 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $169,544 |
| Net assets without donor restrictions | $1,311,233 |
| Net assets with donor restrictions | $2,608,884 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,089,661 |