THE SPARKS FOUNDATION INC: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- THE SPARKS FOUNDATION INC (EIN 20-0396160)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-16
- IRS object ID
- 202033219349101738
- Schema version
- 2019v5.1
- 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
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-16T10:02:17-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 751496876 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARMSTRONG BACKUS & CO LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 3487 | AddressLine1Txt |
| City | MIDLAND | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79702 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | 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 LANE | 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 |
| Phone | 4326835203 | PhoneNum |
| Signature | 2020-11-16 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANDREW E ARMSTRONG CPA | PreparerPersonNm |
| PTIN | P00008159 | PTIN |
| Phone | 4326826258 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 66.76.154.66 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-16 | IPDt |
| IP Tm | 09:59:41 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 4053EDF973CE06CC494849DF2F0EEB2FBFF84996 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $2,640,015 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $4,075 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $4,075 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $4,075 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $6,443 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $6,443 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $6,443 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$57,356 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,525,972 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $365,550 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $387,036 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $365,550 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $318,712 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $397,554 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $376,068 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $3,225 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $7,252 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $7,252 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $7,529 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $10,129 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $28,135 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $7,252 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $352,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $352,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $380,135 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $7,252 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $352,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$61,423 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $390,302 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $376,068 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $894,382 | CashBOYAmt |
| Cash EOY | $225,310 | CashEOYAmt |
| Cash EOYFMV | $225,310 | CashEOYFMVAmt |
| Corporate Stock BOY | $1,028,071 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,644,732 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,624,140 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $708,426 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $687,784 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $665,149 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $125,416 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $125,416 | LandBOYAmt |
| Land EOY | $125,416 | LandEOYAmt |
| Land EOYFMV | $125,416 | LandEOYFMVAmt |
| Total Assets BOY | $2,756,295 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,683,242 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,640,015 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $2,756,295 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,683,242 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,756,295 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,683,242 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,756,295 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,683,242 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,756,295 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$61,423 | ExcessRevenueOverExpensesAmt |
| Other Increases | $14,585 | OtherIncreasesAmt |
| Subtotal | $2,709,457 | SubtotalAmt |
| Other Decreases | $26,215 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $2,683,242 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| NATIONAL FINANCIAL SERVICES LLC | 2019-01-01 | 2019-12-31 | $1,525,632 | $1,533,730 | -$8,098 | -$8,098 | |
| NATIONAL FINANCIAL SERVICES LLC | 2018-01-01 | 2019-12-31 | $117 | $117 | $117 | P | |
| NATIONAL FINANCIAL SERVICES LLC | 2018-01-01 | 2019-12-31 | $223 | $223 | $223 | P | |
| LOSS ON DISPOSAL OF K-1 | 2018-01-01 | 2019-12-31 | $49,598 | -$49,598 | -$49,598 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$57,356 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$8,098 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $415,250 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $2,605,242 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.159390 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $115,005 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $2,181,691 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.052714 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $70,583 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,138,566 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.061993 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $127,173 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $49,925 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 2.547281 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $149,245 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,074,260 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.138928 | DistributionYr5Rt |
| Total Distribution | 2.960306 | TotalDistributionRt |
| Average Distribution | 0.592061 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $2,625,199 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,554,278 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $3,903 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,558,181 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $352,000 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $7,806 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $7,806 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $7,806 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $19,560 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $19,560 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $11,754 | OverpaymentAmt |
| Applied To ES Tax | $11,754 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TX | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | C TODD SPARKS | IndividualWithBooksNm |
| 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 | 79705 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | 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 | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DON L SPARKS | ||||||||
| 2600 MOCKINGBIRD LN | MIDLAND | TX | 79705 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| W JEFFREY SPARKS | ||||||||
| 2600 MOCKINGBIRD LN | MIDLAND | TX | 79705 | VICE PRESIDENT | 2.00 | $0 | $0 | $0 |
| C TODD SPARKS | ||||||||
| 2600 MOCKINGBIRD LN | MIDLAND | TX | 79705 | SECRETARY | 2.00 | $0 | $0 | $0 |
| KEVIN D SPARKS | ||||||||
| 2600 MOCKINGBIRD LN | MIDLAND | TX | 79705 | TREASURER | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,304,236 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $559,846 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $801,095 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,665,177 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $2,665,177 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $39,978 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,625,199 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $131,260 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $131,260 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,806 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,806 | TotalTaxAmt |
| Distributable Before Adj | $123,454 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $123,454 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $123,454 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $352,000 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $352,000 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $352,000 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $123,454 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $90,457 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $130,063 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $15,981 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $12,513 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $297,727 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $546,741 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $352,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $123,454 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $228,546 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $775,287 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $90,457 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $684,830 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $130,063 | ExcessFromYear4Amt |
| Excess From Year3 | $15,981 | ExcessFromYear3Amt |
| Excess From Year2 | $12,513 | ExcessFromYear2Amt |
| Excess From Year1 | $297,727 | ExcessFromYear1Amt |
| Excess From Current Year | $228,546 | 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 (8 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| FLAGS USA | ||||||||
| 955 EAST DEVON AVE | BARLETT | IL | 60103 | N/A | 501(C)(3) | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $500 | |
| HIGH SKY CHILDREN'S RANCH | ||||||||
| 8701 WEST COUNTY ROAD 60 | MIDLAND | TX | 79707 | N/A | 501(C)(3) | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $100,000 | |
| MIDLAND MEMORIAL FOUNDATION | ||||||||
| 2200 W ILLINOIS AVE | MIDLAND | TX | 79701 | N/A | 501(C)(3) | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $150,000 | |
| TEXAS PUBLIC POLICY FOUNDATION | ||||||||
| 900 CONGRESS AVE STE 400 | AUSTIN | TX | 78701 | N/A | 501(C)(3) | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $50,000 | |
| COMMUNIO | ||||||||
| 5901 KINGSTOWNE VILLAGE PKWY STE | ALEXANDRIA | VA | 22315 | N/A | 501(C)(3) | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $25,000 | 102 |
| CONVENTION OF STATES ACTION | ||||||||
| 5850 SAN FELIPE STE 580A | HOUSTON | TX | 77057 | N/A | 501(C)(4) | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $1,000 | |
| JUDICIAL WATCH INC | ||||||||
| 425 THIRD STREET SW STE 800 | WASHINGTON | DC | 20024 | N/A | 501(C)(3) | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $500 | |
| ONE HOPE | ||||||||
| 600 SW 3RD STREET | POMPANO BEACH | FL | 33060 | N/A | 501(C)(3) | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $25,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $352,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,075 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,443 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $387,036 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$57,356 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd |
|---|---|---|---|
| AMCAP WOODLAKE, LLC | 900003 | -$749 | 01 |
| HAD ENOUGH LLC | $200 | 01 | |
| MASS ENERGY, LLC | $12,859 | 01 | |
| LEGACY LIFT PARTNERS | -$33,796 | 01 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$21,486 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $340,198 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $318,712 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $3,225 | 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 (54 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BROKERAGE - FIDELITY 166 | $100,000 | $100,000 |
| SECURITIES - TRIUMPH SAVINGS BANK PREFERRED | $400,005 | $400,005 |
| DEVON ENERGY CORP NEW | $6,863 | $3,376 |
| LEGACY RESVS LP UNIT LP INT | $29,398 | $11 |
| SM ENERGY CO COM | $19,382 | $5,620 |
| 12000 SHARES TBK | $397,200 | $397,200 |
| LYONDELLBASELL INDUSTRIES N V COM | $19,318 | $18,802 |
| BROADCOM INC COM | $19,165 | $19,277 |
| CATERPILLAR INC COM | $19,347 | $19,346 |
| CLOROX CO COM | $19,318 | $20,114 |
| CRACKER BARREL OLD CTRY STORE COM | $18,391 | $17,373 |
| CUMMINS INC | $19,366 | $18,970 |
| FORD MTR CO DEL COM | $19,357 | $20,237 |
| INTERNATIONAL BUS MACH CORP COM | $19,289 | $18,766 |
| JOHNSON & JOHNSON COM | $19,246 | $21,297 |
| KLA CORPORATION COM NEW | $19,396 | $19,955 |
| PACKAGING CORP OF AMERICA COM | $18,428 | $18,254 |
| PROCTER & GAMBLE CO COM | $19,383 | $20,234 |
| QUALCOMM INC | $19,151 | $18,793 |
| ROCKWELL AUTOMATION INC | $19,365 | $21,888 |
| TARGET CORP COM | $19,344 | $22,309 |
| VERIZON COMMUNICATIONS | $19,342 | $19,648 |
| WALMART INC COM | $19,310 | $19,014 |
| WILLIAMS COMPANIES INC COM | $19,328 | $20,636 |
| WILLIAMS SONOMA INC COM | $17,222 | $18,287 |
| IHS MARKIT LTD COM | $11,238 | $12,508 |
| ARCONIC INC COM | $11,624 | $11,323 |
| AUTOZONE INC COM | $10,951 | $11,913 |
| BUILDERS FIRSTSOURCE INC COM | $10,033 | $11,816 |
| BURLINGTON STORES INC COM | $11,612 | $11,858 |
| CARDLYTICS INC COM | $11,637 | $11,378 |
| CARLISLE COS INC COM | $11,647 | $11,814 |
| COPART INC COM | $11,630 | $11,913 |
| DOLLAR GEN CORP NEW COM | $11,530 | $11,231 |
| ENTERGY CORP NEW | $10,251 | $11,381 |
| INSULET CORP COM | $11,506 | $11,470 |
| JPMORGAN CHASE & CO COM | $11,423 | $12,267 |
| JABIL INC COM | $11,543 | $12,192 |
| KBR INC COM | $11,514 | $12,017 |
| LAM RESEARCH CORP COM | $10,178 | $12,573 |
| LATTICE SEMICONDUCTR CORP | $11,510 | $11,293 |
| ESTEE LAUDER COMPANIES INC COM | $12,042 | $13,012 |
| LULULEMON ATHLETICA INC COM | $11,542 | $12,742 |
| NEW ORIENTAL ED &TECHNOLOGY GP INC | $10,449 | $11,519 |
| PROCTER & GAMBLE CO COM | $10,167 | $11,616 |
| RELIANCE STEEL AND ALUMINUM | $11,528 | $11,497 |
| RINGCENTRAL INC-CLASS A | $12,557 | $11,976 |
| SHERWIN WILLIAMS CO | $11,523 | $11,671 |
| SOUTHERN CO | $11,426 | $11,976 |
| SYNOPSYS INC COM | $12,084 | $11,832 |
| TARGET CORP COM | $11,532 | $11,667 |
| TERADYNE INC COM | $11,011 | $12,956 |
| VIPSHOP HLDGS LTD SPON ADS EA REPR | $11,633 | $12,257 |
| WESTERN UNION CO COM | $11,497 | $11,060 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (14 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| K-1 - FRACTURED LLC | AT COST | $107,576 | $107,576 |
| K-1 - HAD ENOUGH LLC | AT COST | $3,915 | $3,915 |
| K-1 - MASS ENERGY, LLC | AT COST | $156,035 | $156,035 |
| OTHER ASSETS | FMV | $6,304 | $6,304 |
| SBS ROADRUNNER | AT COST | $200,000 | $200,000 |
| MYRTLE BEACH PROSPECT | AT COST | $100,000 | $100,000 |
| CROSS TIMBERS ROYALTY TRUST | AT COST | $11,479 | $2,183 |
| HUGOTON RTY TR TEX UNIT BEN INT | AT COST | $5,442 | $43 |
| SAN JUAN BASIN RTY TR UNIT BEN INT | AT COST | $9,603 | $762 |
| K-1 - LEGACY LIFT PARTNERS | AT COST | $45,481 | $45,481 |
| ROYALTY INTEREST | AT COST | $280 | $280 |
| WEYERHAEUSER CO COM | AT COST | $19,326 | $19,781 |
| INDEPENDENCE REALTY TRUST INC COM | AT COST | $11,071 | $10,630 |
| MEDICAL PPTYS TR INC | AT COST | $11,272 | $12,159 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| FEDERAL INCOME TAX | $26,073 |
| CASH CONTRIBUTION FROM PASSTHROUGH | $142 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 INVESTMENTS - OTHER EXPENSES | Desc |
| Revenue And Expenses Per Books | $10,129 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| RI - TX - NET - NFC - 657-084085 | $270 | $270 | $270 |
| RI - TX - NET | $383,637 | $383,637 | $383,637 |
| RI - TX - NET - K-1 | $3,129 | $3,129 | $3,129 |
| AMCAP WOODLAKE, LLC | -$749 | -$749 | |
| HAD ENOUGH LLC | $200 | $200 | |
| MASS ENERGY, LLC | $12,859 | $12,859 | |
| LEGACY LIFT PARTNERS | -$33,796 | -$33,796 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| NONDIVIDEND DISTRIBUTIONS | $370 |
| SEC 1250 GAIN | $55 |
| BOOK TO TAX ADJUSTMENT | $14,160 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | NATIONAL FINANCIAL SERVICES LLC - ADVISORY FEES | CategoryTxt |
| Amt | $7,252 | Amt |
| Net Investment Income | $7,252 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| NATIONAL FINANCIAL SERVICES LLC - FOREIGN TAX | $80 | $0 | $0 | $0 |
| AD VALOREM | $7,449 | $0 | $0 | $0 |