Sparks Foundation Inc
- Assets
- $61.8k
- Revenue
- $666.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Mohnton, PA
- Founding
- 05/2004
- Data as of
- 06/2022
- EIN
- 06-1689284
Organization Overview
Sparks Foundation Inc is located in Mohnton, PA. The organization was established in 2004. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sparks Foundation Inc 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, Sparks Foundation Inc generated $666.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $710.5k during the year ending 06/2022. While expenses have increased by 14.0% per year over the past 7 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
TO SUPPORT, PROMOTE, SPONSOR AND CARRY OUT EDUCATIONAL AND SCIENTIFIC OBJECTIVES THROUGHOUT THE UNITED STATES FOCUSING ON UNDERPRIVILEGED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BECAUSE OF COVID-19, THE ORGANIZATION'S PROGRAMS WERE FULLY VIRTUAL FOR THE FIRST HALF OF THE 2021-2022 SCHOOL YEAR. IN JANUARY 2022, MOST SCHOOLS OPENED UP TO IN-PERSON PROGRAMS, SO BOTH VIRTUAL AND IN-PERSON LESSONS WERE OFFERED. WE PROVIDED INQUIRY-BASED, HANDS-ON SCIENCE EXPERIMENTS TO 18,500 STUDENTS. PROGRAMS WERE PROVIDED IN 27 SCHOOL DISTRICTS ACROSS 5 STATES. WE WERE ABLE TO SUPPORT 7 OF OUR NEXT GENERATION SCIENTISTS AND ENGINEERS BY AWARDING 1,000 EACH IN COLLEGE SCHOLARSHIPS TO HIGH SCHOOL STUDENTS CHOOSING TO MAJOR IN SOME SORT OF STEM FIELD. 12 INCOME ELIGIBLE ELEMENTRY STUDENTS WERE PROVIDED SCIENCE CLUB OR CAMP SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen A Carles Treasurer | OfficerTrustee | 0.25 | $0 |
Melanie D Mattes Secretary | OfficerTrustee | 0.25 | $0 |
Tina M Krall Exec Dir, Ex | Officer | 45 | $0 |
David M Mattes Past Trustee | Trustee | 0.25 | $0 |
Julie Merrill Chairperson | Trustee | 5 | $0 |
Diana L Neatrour Trustee/dire | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $619,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $634,925 |
| Total Program Service Revenue | $31,877 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $666,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,203 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $59,530 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,891 |
| Office expenses | $3,249 |
| Information technology | $200 |
| Royalties | $0 |
| Occupancy | $7,150 |
| Travel | $2,068 |
| 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 | $502 |
| Insurance | $738 |
| All other expenses | $0 |
| Total functional expenses | $710,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,231 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,174 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,407 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $61,812 |
| Accounts payable and accrued expenses | $92 |
| 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 | $92 |
| Net assets without donor restrictions | $61,720 |
| Net assets with donor restrictions | $0 |
| 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 | $61,812 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Sparks Foundation Inc has recieved totaling $16,159.
| Awarding Organization | Amount |
|---|---|
Wyomissing Area Education Foundation Inc Wyomissing, PA PURPOSE: EDUCATION & EITC | $14,024 |
Kohler Foundation Inc Kohler, WI PURPOSE: TURNING ELEMENTARY SCHOOL CLASSROOMS INTO STEM LABS | $1,500 |
Lipkin Family Foundation Wayne, NJ PURPOSE: UNRESTRICTED GENERAL | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $135 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uncommon Schools Inc New York, NY | $293,550,038 | $84,601,875 |
Educational Commission For Foreign Medical Graduates Philadelphia, PA | $218,692,756 | $72,786,979 |
Summit Academy Management Akron, OH | $25,217,091 | $45,520,259 |
Ohio Connections Academy Inc Mason, OH | $14,548,496 | $44,580,487 |
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |