Sparks Foundation
- Assets
- $118.4k
- Revenue
- $18.5k
- Investments
- $113.6k
- Employees
- 0
- Location
- Monroe, LA
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 72-1343011
Organization Overview
Sparks Foundation is located in Monroe, LA. The organization was established in 1998. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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 $18.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $15.5k during the year ending 12/2021. While expenses have increased by 6.8% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer C Sparks Director | 0 | $0 | |
Elizabeth Mcqueen Director | 0 | $0 | |
Susan Lefebvre Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,648 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,791 |
| Capital Gain Net Income | $7,791 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,489 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $115 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $407 |
| Contributions, gifts, grants paid | $15,102 |
| Total expenses and disbursements | $15,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,845 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $0 |
| Total assets | $118,446 |
| 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 $15,102 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
NEVILLE JR HIGH BOOSTER FOUNDATION PURPOSE: CHARITABLE | $5,602 |
Monroe, LA PURPOSE: CHARITABLE | $2,000 |
Monroe, LA PURPOSE: CHARITABLE | $1,000 |
JOHN CLARKE PERRY FOUNDATION PURPOSE: CHARITABLE | $1,000 |
LOUISIANA BAPTIST CHILDREN'S HOME PURPOSE: CHARITABLE | $1,000 |
THE RENEWAL CENTER PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Area United Way Baton Rouge, LA | $14,566,817 | $6,965,583 |
Jewish Endowment Foundation Metairie, LA | $92,360,141 | $9,096,206 |
United Way Of El Paso County El Paso, TX | $7,999,389 | $6,622,179 |
United Way Of The Coastal Bend Inc Corpus Christi, TX | $7,813,987 | $6,731,389 |
Lubbock Area United Way Inc Lubbock, TX | $12,407,025 | $5,587,125 |
Mission East Dallas And Metroplex Mesquite, TX | $875,889 | $4,349,621 |
United Way Of Southwest Louisiana Inc Lake Charles, LA | $15,403,534 | $5,615,764 |
Jewish Federation Of Greater New Orleans Metairie, LA | $12,688,953 | $5,202,061 |
The United Way Inc Amarillo, TX | $7,586,862 | $4,287,343 |
United Way Of Abilene Abilene, TX | $4,262,395 | $4,224,235 |
The United Way Of Northeast Louisiana Inc Monroe, LA | $3,759,004 | $4,202,470 |
United Way Of Acadiana Inc Lafayette, LA | $6,584,637 | $5,306,195 |