The Sparks Foundation Inc

HIAWASSEE, GA EIN: 58-2591861

The Sparks Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HIAWASSEE, GA. IRS filing data is available for 2020. As of 2020, the organization holds $79K in total assets. In 2020, it awarded 2 grants totaling $4K.

Financial Overview

From 2020 IRS Form 990-PF · View filing

Total Assets

$79K

Annual Giving

$4K

Grant Count

Avg Grant Size

$2K

Under IRS private-foundation payout rules, The Sparks Foundation Inc reported a distributable amount of $4K for 2020 — the minimum it must pay out in qualifying distributions.

About The Sparks Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Georgia $4K (100%)

States

Georgia

Cities

Hiawassee

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2020
Total Assets	$78,760
Revenue	$12,139
Expenses	$3,805
Qualifying Distributions	—
Net Investment Income	—
Distributable Amount	$3,879

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2020

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2020 grants, the largest include Diane Anderson ($1,914), Chantal Cruz ($1,591).

Recipient	Purpose	Amount
CHANTAL CRUZ HIAWASSEE, GA	NURSING DEGREE EXPENSES	$1,591
DIANE ANDERSON HIAWASSEE, GA	NURSING DEGREE EXPENSES	$1,914

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2020 IRS filing

From 2020 filing

Name	Title	Hours	Compensation
JEAN H WORTHY	PRESIDENT &	2	—
TERRY WRIGHT	SECRETARY	1	—
LEWIS KELLEY	VICE PRESIDE	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Sparks Foundation Inc?

The Sparks Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in HIAWASSEE, GA. It holds $79K in total assets as of 2020.

How large is The Sparks Foundation Inc?

As of 2020, The Sparks Foundation Inc holds $79K in total assets with $12K in annual revenue. It awarded 2 grants totaling $4K in 2020.

Where does The Sparks Foundation Inc operate?

The Sparks Foundation Inc has awarded grants in Georgia.

What size grants does The Sparks Foundation Inc award?

In 2020, The Sparks Foundation Inc awarded 2 grants totaling $4K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is The Sparks Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2020, The Sparks Foundation Inc reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.