Eduspark Corporation

Nonprofit profile at a glance

EIN
862752041
IRS 990 coverage
2021–2025
Forms available
Form 990 2025
Location
Bound Brook, NJ, USA
Phone
7325959430
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$54,349
Expenses
$43,358
Assets
$87,958
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • SATISH GUPTA (PRESIDENT)
  • POONAM SALONA (VICE PRESIDENT)

People named in this filing

  • SATISH GUPTA (PRESIDENT)
  • POONAM SALONA (VICE PRESIDENT)
  • NADIA PAULINO (CFO AND SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The specific purpose of the Corporation is to engage in PROVIDING SCHOLARSHIPS TO ECONOMICALLY DISADVANTAGED STUDENTS. It may provide support to females in USA who are in financial distress, generally related to a divorce or job loss.

What it reported doing in 2025

EduSpark joined hands with Nanubhai Educational Foundation (NEF), a Georgia based non-profit, to provide scholarships to the students they locate through their network in India. EduSpark selected 5 of their Medical and Engineering Students and provided INR 50,000 equivalent per scholar to NEF. The relationship with NEF expanded significantly as it provided EduSpark with almost 25 new scholars during 2025. Efforts are being made to expand that further in the next few years.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 90
  • Accountability: 57
  • Sustainability: 59
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.6%; rating input score 81
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 24th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 20.2%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 2.03; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 61.5% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: -19.5% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: -1.4% per year; rating input score 0; 30th percentile among comparable filings

Details

  • Where the money goes: 80.6% of revenue deployed · 100% of spending went to programs
  • Governance: 2 of 3 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $43K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.