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Filing year 2023

THE SPARK INSTITUTE INC

Simsbury, Connecticut·EIN 45-3940350·NTEE Y03 · Mutual & Membership Benefit·501(c)(6)
Total revenue
$1.9M
Total assets
$2.6M
Total expenses
$2.2M
Reported officers
15
Mission

THE SPARK INSTITUTE, INC. ("SPARK") HELPS TO SHAPE NATIONAL RETIREMENT POLICY BY PROVIDING RESEARCH, EDUCATION, TESTIMONY AND COMMENTS ON PENDING LEGISLATIVE AND REGULATORY ISSUES TO MEMBERS OF CONGRESS AND RELEVANT GOVERNMENT AGENCY OFFICIALS. WE HELP SHAPE NATIONAL RETIREMENT POLICY BY DEVELOPING AND ADVANCING POSITIONS ON CRITICAL ISSUES THAT AFFECT PLAN SPONSORS, PARTICIPANTS, SERVICE PROVIDERS, AND INVESTMENT PROVIDERS. OUR MEMBERS INCLUDE RECORD KEEPERS, MUTUAL FUND COMPANIES, BROKERAGE FIRMS, INSURANCE COMPANIES, BANKS, CONSULTANTS, TRADE CLEARING FIRMS AND INVESTMENT MANAGERS. OUR MEMBERS PLAY A KEY ROLE IN IDENTIFYING OUR PRIORITIES AND IN DEVELOPING THE POSITIONS WE TAKE ON CRITICAL ISSUES. COLLECTIVELY, OUR MEMBERSHIP SERVICES APPROXIMATELY 100 MILLION EMPLOYER- SPONSORED PARTICIPANTS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.

Executive Di
Above 90th percentile
$539k
$602k
Base
$539k
Bonus
Other
Benefits
COO and CFO
75th to 90th percentile
$206k
$230k
Base
$206k
Bonus
Other
Benefits

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 13 unpaid individuals.

Browse compensation in Mutual & Membership Benefit

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE SPARK INSTITUTE INC equaled 25% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

This organization (2023)
25%
Sector median
4%
Middle half of sector
0.9% to 13%

Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE SPARK INSTITUTE INC

What does the Chief Executive Officer of THE SPARK INSTITUTE INC earn?

In 2023, the Chief Executive Officer of THE SPARK INSTITUTE INC received $539,361 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Mutual & Membership Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at THE SPARK INSTITUTE INC compare with similar nonprofits?

Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2023 pay of the Chief Executive Officer at THE SPARK INSTITUTE INC falls in the top 10%. In 2023, the highest total compensation at THE SPARK INSTITUTE INC equaled 25% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

What are THE SPARK INSTITUTE INC's revenue and expenses?

In 2023, THE SPARK INSTITUTE INC reported $1.9M in total revenue and $2.2M in total expenses on its IRS Form 990.

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