Mastek Sparkman Family Foundation
The Mastek Sparkman Family Foundation is a private foundation located in Powell, Ohio, established in 2017. The foundation operates as a 501(c)(3) organization with no employees and focuses on providing general support to various nonprofit organizations across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$624K
-17.7% YoY
Annual Giving
$259K
-16.6% YoY
Grant Count
28
-3.4% YoY
Avg Grant Size
$9K
-13.7% YoY
Under IRS private-foundation payout rules, Mastek Sparkman Family Foundation reported a distributable amount of $67K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports a diverse range of causes including youth development, agriculture, education, healthcare, and community service. Primary funding areas include:
- Youth leadership and development programs
- Agricultural education and youth programs
- Scholarship funding
- Healthcare initiatives
- Community service organizations
- Equine therapy and animal-related programs
Grantmaking
Grant Range
s range from under $500 to $50,000
Average Grant
approximately $750 for specific programs
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Geographic Focus
Where this funder awards grants
The foundation funds organizations primarily in Ohio, with some grants extending to Missouri and Kansas. Primary focus areas include Powell, Ohio and surrounding regions, though support extends nationally to organizations such as those in Kansas City, Missouri and Manhattan, Kansas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total Assets: $624,185
- Total Revenues: $135,810
- Total Expenses: $269,658
- Number of Employees: 0
Financial Trend:
- Total grants and contributions revenue declined from $1,400 (2023) to $0 (2024)
- The foundation relies on investment income and asset base to support grantmaking activities
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $624,185 | $758,033 | $949,614 |
| Revenue | $135,810 | $131,776 | $144,215 |
| Expenses | $269,658 | $323,357 | $201,369 |
| Qualifying Distributions | $259,800 | $311,741 | $189,290 |
| Net Investment Income | $127,652 | $121,329 | $133,912 |
| Distributable Amount | $67,284 | $71,411 | $81,702 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
123 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hereford Youth Foundation of America ($50,000), Stockhands Horses for Healing ($29,801), Theta Xi National ($27,600).
| Recipient | Purpose | Amount |
|---|---|---|
| HEREFORD YOUTH FOUNDATION OF AMERICA KANSAS CITY, MO | AMERICAN FACES OF LEADERSHIP EVENT & GENERAL | $50,000 |
| STOCKHANDS HORSES FOR HEALING DELAWARE, OH | GENERAL SUPPORT | $29,801 |
| THETA XI NATIONAL ST LOUIS, MO | NATIONAL SCHOLARSHIP FUND | $27,600 |
| KANSAS FFA MANHATTAN, KS | GENERAL SUPPORT | $25,000 |
| KSU FOUNDATION MANHATTAN, KS | GENERAL SUPPORT | $20,000 |
| ST ISIDORE'S MANHATTAN, KS | GENERAL SUPPORT | $15,000 |
| KANSAS STATE FOUNDATION MANHATTAN, KS | THETA XI SCHOLARSHIP | $15,000 |
| BOCA GRANDE WOMEN'S CLUB BOCA GRANDE, FL | GENERAL SUPPORT | $12,100 |
| THE TENNESSEE FUND KNOXVILLE, TN | DONATION TO UNIVERSITY OF TN | $11,600 |
| AGRICULTURE FUTURE OF AMERICA KANSAS CITY, MO | JERRY ROELL LEGACY MEMORIAL | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BONNIE COLEY-MALIR | PRESIDENT/SEC'Y/DIRECTOR | 4 | — |
| RICHARD E MALIR | TREASURER/DIRECTOR | 1 | — |
| CAROL COLEY MCDONALD | DIRECTOR | 0.25 | — |
| MICHAEL TORREY | DIRECTOR | 0.25 | — |
Recent News & Activity
Recent developments and announcements
The foundation has maintained consistent grantmaking activity through 2024, with recent grants supporting youth development organizations, equine therapy programs, and educational scholarships. The foundation continues to support the Hereford Youth Foundation's American Faces of Leadership Event, indicating ongoing commitment to agricultural youth education.
Sparks Charts Justice-Charged Path for Masto Foundation - The Giving ListSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Mastek Sparkman Family Foundation fund?
The foundation supports a diverse range of causes including youth development, agriculture, education, healthcare, and community service. Primary funding areas include: • Youth leadership and development programs • Agricultural education and youth programs • Scholarship funding • Healthcare initiatives • Community service organizations • Equine therapy and animal-related programs
How do I apply for a grant from Mastek Sparkman Family Foundation?
**Grant Activity (2024)** • Made 25 grants in the most recent fiscal year • Total grant distributions: $269,658 in expenses **Recent Grants (2024)** • Hereford Youth Foundation of America: $50,000 (American Faces of Leadership Event & General Support) • Stockhands Horses for Healing: $29,801 (General Support) • K-State Innovation Partners: $15,000 (Theta Xi Scholarship) • The Dublin Am Rotary Charitable Foundation: $424 (General Support) **Historical Grant Activity** • Young Cattlemen's Confere…
Where does Mastek Sparkman Family Foundation make grants?
The foundation funds organizations primarily in Ohio, with some grants extending to Missouri and Kansas. Primary focus areas include Powell, Ohio and surrounding regions, though support extends nationally to organizations such as those in Kansas City, Missouri and Manhattan, Kansas.
What size grants does Mastek Sparkman Family Foundation award?
In 2024, Mastek Sparkman Family Foundation awarded 28 grants totaling $259K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Mastek Sparkman Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mastek Sparkman Family Foundation reported a distributable amount of $67K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mastek Sparkman Family Foundation's EIN?
Mastek Sparkman Family Foundation's EIN (Employer Identification Number) is 81-3571224. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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