The Sparks Foundation Inc is a private independent foundation based in Midland, Texas. Established in 2004, it operates as a 501(c)(3) organization with tax-exempt status. The foundation functions as a grantmaking entity focused on supporting charitable organizations and community initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.7M
+57.0% YoY
Annual Giving
$1.1M
+295.6% YoY
Grant Count
11
+83.3% YoY
Avg Grant Size
$97K
+115.8% YoY
Mission & Focus Areas
The foundation's primary purpose is giving to organizations that improve the quality of life for residents of Midland, Texas. Grant-making focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, with funding activity extending into Texas, Virginia, and Florida.
Grantmaking
The foundation made eight grants in 2024, with typical award amounts ranging from $200,000 to $300,000. Recent grants include:
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Geographic Focus
Where this funder awards grants
While the foundation is based in Midland, Texas, its grant-making extends to organizations in Texas, Virginia, and Florida.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $12,705,306
- Total Revenues: $5,800,390
- Total Expenses: $1,171,411
- Total Liabilities: $4,930
As of December 2023:
- Total Assets: $8,090,000
- Total Revenues: $2,150,000
- Total Expenses: $430,000
Investment income and dividends increased significantly, from $89,126 in 2023 to $264,393 in 2024 (a 196.7% increase).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,705,306 | $8,094,163 | $6,554,909 |
| Revenue | $5,800,390 | $2,151,637 | $3,757,870 |
| Expenses | $1,171,411 | $430,322 | $964,517 |
| Qualifying Distributions | $1,072,000 | $271,000 | $892,200 |
| Net Investment Income | $5,696,205 | $2,127,364 | $3,697,553 |
| Distributable Amount | $350,856 | $180,095 | $183,863 |
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
64 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| C Todd Sparks | Secretary | 2 | — |
| W Jeffrey Sparks | Vice President | 2 | — |
| Don L Sparks | President | 2 | — |
| Kevin D Sparks | Treasurer | 2 | — |
Contact Information
Address: 2600 Mockingbird Lane, Midland, TX 79705-1664
Telephone: 432-683-5203
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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