Sparks Foundation
- Assets
- $6.5m
- Revenue
- $260.1k
- Investments
- $4.1m
- Employees
- 0
- Location
- Columbia, TN
- Founding
- 12/2003
- Data as of
- 12/2021
- EIN
- 23-7029788
Organization Overview
Sparks Foundation is located in Columbia, TN. The organization was established in 2003. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sparks Foundation 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 12/2021, Sparks Foundation generated $260.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $362.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Sparks Foundation has awarded 84 individual grants totaling $1,117,377. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000 |
| Interest on Savings | $22,589 |
| Dividends & Interest | $37,927 |
| Net Rental Income | $135 |
| Net Gain on Sale of Assets | $195,457 |
| Capital Gain Net Income | $197,314 |
| Net ST Capital Gain | $129,149 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $260,108 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,362 |
| Total operating and administrative expenses | $33,462 |
| Contributions, gifts, grants paid | $329,016 |
| Total expenses and disbursements | $362,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,037,985 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $248,306 |
| Total assets | $6,488,475 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sparks Foundation has awarded $329,016 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
OHER FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE INDIVIDUALS BOTH IN NEED AND DISADVANTAGED, WITH EMPOWERING OPPORTUNITIES THAT ENRICH THEIR LIVES, AND PROVIDE A MECHANISM FOR HIGHER EDUCATION AND HEALTHY LIVING BY ADDRESSING THEIR OBSTACLES AND FINDIND SOLUTIONS. | $50,000 |
Memphis, TN PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO STRENGTHEN AND IMPROVE THE CITY OF MEMPHIS AND THE VICINITY THROUGH PHILANTHROPY. | $50,000 |
Nashville, TN PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO SERVE THE NATION BY HONORING ITS DEFENDERS, VETERANS, 1ST RESPONDERS, THEIR FAMILIES AND THOSE IN NEED. | $35,000 |
Washington, DC PURPOSE: TO SUPPORT THE ORGANIZATION'S WORK WITH CONGRESS TO ADVANCE HUNTING, ANGLING, RECREATIONAL SHOOTING AND TRAPPING | $25,000 |
JDRF INTERNATIONAL PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION TO ACCELERATE BREAKTHROUGHTS TO CURE, PREVENT AND TREAT TYPE 1 DIABETES | $15,000 |
DELTA STREET ACADEMY PURPOSE: TO SUPPORT SCHOOL'S MISSION OF PROVIDING STUDENTS WITH ACADEMIC, SPIRITUAL, SOCIAL AND PHYSICAL EDUCATION IN AN ENCOURAGING CHRISTIAN ENVIRONMENT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Excellerate Foundation Charitable Support Rogers, AR | $173,087,242 | $16,463,917 |
United Charitable Ashburn, VA | $209,799,923 | $22,185,205 |
Wnc Bridge Foundation Asheville, NC | $146,559,840 | $12,380,465 |
William R Orthwein Jr And Laura Rand Orthwein Foundation Inc St Louis, MO | $73,594,056 | $14,006,042 |
Hope For The Warriors Springfield, VA | $4,615,443 | $8,207,781 |
The Savannah Community Foundation Inc Savannah, GA | $54,173,792 | $9,998,384 |
Spookstock Foundation Leesburg, VA | $1,341,695 | $5,091,159 |
The Methuselah Foundation Springfield, VA | $18,792,317 | $14,799,805 |
The Giving Kitchen Initiative Inc Atlanta, GA | $5,202,127 | $3,829,430 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC | $71,515,607 | $5,235,464 |
Troon Foundation Elon, NC | $48,656,909 | $2,507,639 |
Royals Charities Inc Kansas City, MO | $948,636 | $2,777,032 |