30 June 2025
Effective June 1, 2025, SPARC will officially transition from operating as a fiscally sponsored project of the New Venture Fund to an independent nonprofit organization. SPARC has been successfully incorporated as a charitable nonprofit organization in Washington, DC., and have filed for 501(c)(3) tax-exempt status. An IRS determination will take ~6-8 months; however, while they wait for final approval, SPARC can fully operate as a nonprofit organization with our tax-exempt status pending.
As an independent nonprofit, SPARC are required to have a fiscal Board of Directors. An inaugural BOD (Emily Gore, Yasmeen Shorish, April Hathcock, and Heather Joseph) has been established to fulfill this role. The Steering Committee, elected by SPARC members, will continue with its current remit to shape SPARC’s strategies and priorities.
There will still be some work required over the next few months to fully complete the process, and we will continue to regularly evaluate the effectiveness of our operations. We do not expect that this transition will have a material impact on our member programs or services.
More here: https://sparcopen.org/news/2025/sparc-to-become-independent-nonprofit-organization-on-june-1/