Nonprofit · EIN 20-0396160
THE SPARKS FOUNDATION INC
Tax-exempt · MIDLAND, TX 79705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $5,800,390 | $1,171,411 | $4,628,979 | $12,705,306 | -$999 | $12,706,305 |
| December 31, 2023 | 990-PF | $2,151,637 | $430,322 | $1,721,315 | $8,094,163 | $4,925 | $8,089,238 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $80,378
- Interest
- $184,015
- Net gain from sales of assets
- $78,220
- Other income
- $5,457,777
Expenses
- Grants and similar amounts paid
- $1,072,000
- Disbursements for charitable purposes
- $1,072,000
- Excise tax on investment income
- $79,177
Balance sheet and other
- Total assets, start of year
- $8,094,163
- Total assets, end of year
- $12,705,306
- Total liabilities, end of year
- -$999
- Net assets, end of year
- $12,706,305
- Qualifying distributions
- $1,072,000
- Net investment income
- $5,800,390
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| C Todd Sparks 2600 Mockingbird Ln, Midland, TX 79705 | Secretary | 2 | $0 |
| W Jeffrey Sparks 2600 Mockingbird Ln, Midland, TX 79705 | Vice President | 2 | $0 |
| Don L Sparks 2600 Mockingbird Ln, Midland, TX 79705 | President | 2 | $0 |
| Kevin D Sparks 2600 Mockingbird Ln, Midland, TX 79705 | Treasurer | 2 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| C Todd Sparks 2600 Mockingbird Ln, Midland, TX 79705 | Secretary | 2 | $0 |
| W Jeffrey Sparks 2600 Mockingbird Ln, Midland, TX 79705 | Vice President | 2 | $0 |
| Don L Sparks 2600 Mockingbird Ln, Midland, TX 79705 | President | 2 | $0 |
| Kevin D Sparks 2600 Mockingbird Ln, Midland, TX 79705 | Treasurer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2600 MOCKINGBIRD LN, MIDLAND, TX 79705-1664
- Signed the 990-PF
- C Todd Sparks, Secretary
- Phone
- (432) 683-5203
- Return prepared by
- Kirk Douglas & Company PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-0396160
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $12,705,306
- Income (IRS master file)
- $5,927,396
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $5,800,390 | $1,171,411 | $12,705,306 | IRS |
| 990-PF | December 2023 | $2,151,637 | $430,322 | $8,094,163 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0396160).
Questions about THE SPARKS FOUNDATION INC
- What is the EIN of THE SPARKS FOUNDATION INC?
- The employer identification number (EIN) of THE SPARKS FOUNDATION INC is 20-0396160.
- Is THE SPARKS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to THE SPARKS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE SPARKS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE SPARKS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE SPARKS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE SPARKS FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does THE SPARKS FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $5,800,390, expenses of $1,171,411 and total assets of $12,705,306 at year end.
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