Doug and Jean Sparks Family Foundation
Doug and Jean Sparks Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEVELAND, OK. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $362K in total assets. In 2023, it awarded 3 grants totaling $23K. Net investment income was $8K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$362K
+4.1% YoY
Annual Giving
$23K
+4.5% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$8K
-30.3% YoY
Under IRS private-foundation payout rules, Doug and Jean Sparks Family Foundation reported a distributable amount of $17K for 2023 — the minimum it must pay out in qualifying distributions.
About Doug and Jean Sparks Family Foundation
Based on IRS filings
Doug and Jean Sparks Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEVELAND, OK. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $362K in total assets. In 2023, it awarded 3 grants totaling $23K. Net investment income was $8K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $362,106 | $347,819 | $403,451 |
| Revenue | $-28,759 | $9,720 | $33,930 |
| Expenses | $26,804 | $23,032 | $21,740 |
| Qualifying Distributions | $23,000 | $22,000 | $21,000 |
| Net Investment Income | $8,232 | $11,809 | $13,064 |
| Distributable Amount | $17,191 | $18,643 | $20,827 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2023
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Dale Dowdy Ministries ($12,000), First Baptist Church ($6,000), First Baptist Church ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FIRST BAPTIST CHURCH JENNINGS, OK | Religious | $5,000 |
| DALE DOWDY MINISTRIES OOLOGAH, OK | RELIGIOUS | $12,000 |
| FIRST BAPTIST CHURCH JENNINGS, OK | RELIGIOUS | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAVETA J SPARKS | President | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Doug and Jean Sparks Family Foundation?
Doug and Jean Sparks Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEVELAND, OK. It holds $362K in total assets as of 2023.
How large is Doug and Jean Sparks Family Foundation?
As of 2023, Doug and Jean Sparks Family Foundation holds $362K in total assets with $-28,759 in annual revenue. It awarded 3 grants totaling $23K in 2023.
Where does Doug and Jean Sparks Family Foundation operate?
Doug and Jean Sparks Family Foundation has awarded grants in Oklahoma.
What size grants does Doug and Jean Sparks Family Foundation award?
In 2023, Doug and Jean Sparks Family Foundation awarded 3 grants totaling $23K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Doug and Jean Sparks Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Doug and Jean Sparks Family Foundation reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Doug and Jean Sparks Family Foundation's EIN?
Doug and Jean Sparks Family Foundation's EIN (Employer Identification Number) is 61-1461600. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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