A Core Commitment to Social Purpose
Consistent with its socially responsible mission, MindSpark Inc. was incorporated as a benefit corporation in the state of California in May 2013. A benefit corporation, legal in California since January 1, 2012, allows entrepreneurs and investors to organize corporations that can pursue economic and social objectives simultaneously. The benefit corporation has a core commitment to social purpose embedded in its organizational structure, with an additional commitment to full transparency and accurate assessment and reporting of its social, environmental, and financial performance and impact.
The MindSpark Training Academy (MTA) was incorporated as a non-profit organization in June 2013. In October 2014, MTA attained 501(c)(3) status and and became eligible for funding from foundations that support organizations with tax-exempt status. A higher level of funding allows MTA to offer more deserving young adults the opportunity to obtain the training required for employment as software testers.
The principal owners of MindSpark Inc. work without compensation to launch and manage the enterprise. Growing the business will enable MindSpark to train and hire increasing numbers of qualified and deserving employees. As a vital and socially conscious benefit corporation, MindSpark will provide profits to be distributed to its employees in the future.