THE SPARKS FOUNDATION INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- THE SPARKS FOUNDATION INC (EIN 20-0396160)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-10
- IRS object ID
- 202233149349102593
- Schema version
- 2021v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-10T13:33:21-08:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 842507225 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kirk Douglas & Company PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3300 N A St Bldg 2-212 | AddressLine1Txt |
| City | Midland | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79705 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200396160 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Sparks Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SPAR | BusinessNameControlTxt |
| Phone | 4326835203 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2600 Mockingbird Ln | AddressLine1Txt |
| City | Midland | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79705 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | C Todd Sparks | PersonNm |
| Person Title | Secretary | PersonTitleTxt |
| Signature | 2022-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | C Todd | PersonFirstNm |
| Person Last | Sparks | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Bryan R Douglas | PreparerPersonNm |
| PTIN | P00536654 | PTIN |
| Phone | 4326821073 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $6,688,456 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $167,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $62 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $62 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $62 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $17,914 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $17,914 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $17,914 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $82,704 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,052,692 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $82,704 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $82,701 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $1,067,524 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $952,991 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,335,204 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,053,671 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $100,677 | TotalAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $3,825 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $5,229 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $5,229 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $16,783 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $78 | TaxesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $25,837 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $5,307 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $667,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $667,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $693,337 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $5,307 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $667,500 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $641,867 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,048,364 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $100,677 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $385,486 | CashBOYAmt |
| Cash EOY | $764,499 | CashEOYAmt |
| Cash EOYFMV | $764,499 | CashEOYFMVAmt |
| Corporate Stock BOY | $1,938,979 | CorporateStockBOYAmt |
| Corporate Stock EOY | $2,201,302 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $5,251,617 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $671,807 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $672,340 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $672,340 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $125,416 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $125,416 | LandBOYAmt |
| Land EOY | $125,416 | LandEOYAmt |
| Total Assets BOY | $3,121,688 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,763,557 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,688,456 | TotalAssetsEOYFMVAmt |
| Other Liabilities EOY | $2 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $2 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $3,121,688 | RetainedEarningBOYAmt |
| Retained Earning EOY | $3,763,555 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,121,688 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,763,555 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,121,688 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $3,763,557 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,121,688 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $641,867 | ExcessRevenueOverExpensesAmt |
| Subtotal | $3,763,555 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $3,763,555 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| Fidelity 4093 | P | 2021-01-01 | 2021-12-31 | $1,987,150 | $1,911,820 | $75,330 | $75,330 |
| Fidelity 2652 | P | 2021-01-01 | 2021-12-31 | $65,539 | $58,168 | $7,371 | $7,371 |
| Capital Gain Dividends | $3 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $82,704 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $82,701 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $14,572 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $14,572 | SubtotalAmt |
| Tax Based On Investment Income | $14,572 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $14,529 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $14,529 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $6 | EsPenaltyAmt |
| Tax Due | $49 | TaxDueAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | C Todd Sparks | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4326835203 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2600 Mockingbird Ln | AddressLine1Txt |
| City | Midland | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 797051664 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| C Todd Sparks | ||||||
| 2600 Mockingbird Ln | Midland | TX | 79705 | Secretary | 2.00 | $0 |
| W Jeffrey Sparks | ||||||
| 2600 Mockingbird Ln | Midland | TX | 79705 | Vice President | 2.00 | $0 |
| Don L Sparks | ||||||
| 2600 Mockingbird Ln | Midland | TX | 79705 | President | 2.00 | $0 |
| Kevin D Sparks | ||||||
| 2600 Mockingbird Ln | Midland | TX | 79705 | Treasurer | 2.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,917,620 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $656,486 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,574,106 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $4,574,106 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $68,612 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,505,494 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $225,275 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $225,275 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $14,572 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $14,572 | TotalTaxAmt |
| Distributable Before Adj | $210,703 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $210,703 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $210,703 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $667,500 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $667,500 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $210,703 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $15,981 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $12,513 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $297,727 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $228,546 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $336,050 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $890,817 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $667,500 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $210,703 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $456,797 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,347,614 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $15,981 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $1,331,633 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $12,513 | ExcessFromYear4Amt |
| Excess From Year3 | $297,727 | ExcessFromYear3Amt |
| Excess From Year2 | $228,546 | ExcessFromYear2Amt |
| Excess From Year1 | $336,050 | ExcessFromYear1Amt |
| Excess From Current Year | $456,797 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | C Todd Sparks | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2600 Mockingbird Ln | AddressLine1Txt |
| City | Midland | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79705 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 4326835203 | RecipientPhoneNum |
| Form And Info And Materials | Prescribed Forms | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | 90 days prior to requested funding date | SubmissionDeadlinesTxt |
| Restrictions On Awards | None | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Midland Memorial Foundation | ||||||
| 2200 W Illinois Ave | Midland | TX | 79701 | PC | To assist and support the services and programs of the foundation. | $1,500 |
| Texas Public Policy Foundation | ||||||
| 900 Congress Ave Ste 400 | Austin | TX | 78701 | PC | To assist and support the services and programs of the foundation. | $250,000 |
| Communio | ||||||
| 5901 Kingstowne Village PKWY Ste | Alexandria | VA | 22315 | PC | To assist and support the services and programs of the foundation. | $25,000 |
| Convention of States Action | ||||||
| 5850 San Felipe Ste 580A | Houston | TX | 77057 | PC | To assist and support the services and programs of the foundation. | $1,000 |
| Turning Point USA | ||||||
| 217 1/2 Illinois Street | Lemont | IL | 60439 | PC | To assist and support the services and programs of the foundation. | $1,000 |
| Young Life | ||||||
| PO Box 520 | Colorado Springs | CO | 80901 | PC | To assist and support the services and programs of the foundation. | $150,000 |
| Midland Classical Academy | ||||||
| 5711 Whitman Drive | Midland | TX | 79705 | PC | To assist and support the services and programs of the foundation. | $100,000 |
| Young Americans for Liberty | ||||||
| 500 N Capital of Texas Blgd 5 100 | Austin | TX | 78746 | PC | To assist and support the services and programs of the foundation. | $1,000 |
| Eagle Forum Edu Legal Defense Fund | ||||||
| 2591 Dallas Parkway Suite 300 | Frisco | TX | 75034 | PC | To assist and support the services and programs of the foundation. | $20,000 |
| Senior Life Midland | ||||||
| PO Box 80519 | Midland | TX | 79708 | PC | To assist and support the services and programs of the foundation. | $1,000 |
| Legacy High School | ||||||
| 3500 Neely Avenue | Midland | TX | 79707 | PC | To assist and support the services and programs of the foundation. | $1,000 |
| Midland Community Theater | ||||||
| 2000 West Wadley Avenue | Midland | TX | 79705 | PC | To assist and support the services and programs of the foundation. | $15,000 |
| Senior Life of Midland | ||||||
| PO Box 80519 | Midland | TX | 79708 | PC | To assist and support the services and programs of the foundation. | $100,000 |
| Found for Liberty and American Grea | ||||||
| 301b E Lemon St | Tarpon Springs | FL | 34689 | PC | To assist and support the services and programs of the foundation. | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $667,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $62 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $17,914 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $82,704 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (6 entries)
| DescDesc | ExclusionExclusionAmt | ExclusionExclusionCd |
|---|---|---|
| Had Enough, LLC | -$227 | |
| Legacy Lift Partners, LLC | $32,780 | |
| Mass Energy Holdings, LLC | $76,278 | |
| Moody National | $6,068 | |
| Royalty Income | $952,991 | 15 |
| SBS Roadrunner, LLC | -$366 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,168,204 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,168,204 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | W Jeffrey Sparks | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2600 Mockingbird Ln | AddressLine1Txt |
| City | Midland | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79707 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $167,000 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 2,000 Shares of TBK stock | NoncashPropertyDesc |
| Fair Market Value | $167,000 | FairMarketValueAmt |
| Received | 2021-10-05 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal and Professional | CategoryTxt |
| Amt | $3,825 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Corporate Stocks | StockNm |
| EOY Book Value | $2,201,302 | EOYBookValueAmt |
| EOYFMV | $5,251,617 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Other investments | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $672,340 | BookValueAmt |
| EOYFMV | $672,340 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Land | CategoryOrItemTxt |
| Cost Or Other Basis | $125,416 | CostOrOtherBasisAmt |
| Book Value | $125,416 | BookValueAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Had Enough, LLC | -$227 | |
| Legacy Lift Partners, LLC | $32,780 | |
| Mass Energy Holdings, LLC | $76,278 | |
| Moody National | $6,068 | |
| Royalty Income | $952,991 | $952,991 |
| SBS Roadrunner, LLC | -$366 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Rounding | Desc |
| EOY Book Value | $2 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Advisory Fees | CategoryTxt |
| Amt | $5,229 | Amt |
| Net Investment Income | $5,229 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Ad Valorem | $6,705 | |
| Foreign Taxes | $78 | $78 |
| Taxes | $10,000 |