THE SPARKS FOUNDATION INC: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- THE SPARKS FOUNDATION INC (EIN 20-0396160)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-15
- IRS object ID
- 201823199349100737
- Schema version
- 2017v2.3
- 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
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-15T08:46:30-06:00 | ReturnTs |
| Tax Period End | 2017-12-31 | 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 | 2017-01-01 | 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 | 2018-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GAYLA THORNTON CPA | PreparerPersonNm |
| PTIN | P01272518 | 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 | 2018-11-13 | IPDt |
| IP Tm | 08:52:08 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | AC0E6ACBBA175E7A042F1DAC4DF75CC36395A4E9 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $2,774,031 | 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 | $522,616 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $556 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $556 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $556 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $5,027 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $5,027 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $5,027 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $216,206 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $592,063 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $216,206 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $66,544 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $115,891 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $66,544 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $810,949 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $337,680 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $72,127 | 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 | $4,907 | 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 | $8,019 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $8,019 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $240 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $3,536 | 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 | $16,702 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $8,019 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $115,005 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $115,005 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $131,707 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $8,019 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $115,005 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $679,242 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $329,661 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $72,127 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $712,507 | CashBOYAmt |
| Cash EOY | $660,267 | CashEOYAmt |
| Cash EOYFMV | $660,267 | CashEOYFMVAmt |
| Corporate Stock BOY | $1,086,406 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,241,381 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,345,845 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $279,240 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $662,532 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $642,503 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $125,416 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOY | $125,416 | LandEOYAmt |
| Land EOYFMV | $125,416 | LandEOYFMVAmt |
| Total Assets BOY | $2,078,153 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,689,596 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,774,031 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $209,739 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $108,103 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $209,739 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $108,103 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| 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 | $1,868,414 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,581,493 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,868,414 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,581,493 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,078,153 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,689,596 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,868,414 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $679,242 | ExcessRevenueOverExpensesAmt |
| Other Increases | $35,612 | OtherIncreasesAmt |
| Subtotal | $2,583,268 | SubtotalAmt |
| Other Decreases | $1,775 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $2,581,493 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| NATIONAL FINANCIAL SERVICES LLC 657-084093 | 2017-01-01 | 2017-12-31 | $352,388 | $314,258 | $38,130 | $38,130 |
| NATIONAL FINANCIAL SERVICES LLC 657-084093 | 2016-01-01 | 2017-12-31 | $96,366 | $58,028 | $38,338 | $38,338 |
| K-1 INVESTMENTS - SECTION 1231 | 2016-01-01 | 2017-12-31 | $42,590 | $42,590 | $42,590 | |
| K-1 INVESTMENTS | 2017-01-01 | 2017-12-31 | $3,571 | -$3,571 | -$3,571 | |
| GAIN ON DISPOSAL OF K-1 | 2016-01-01 | 2017-12-31 | $100,719 | $100,719 | $100,719 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $216,206 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $34,559 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $70,583 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $1,138,566 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.061993 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $127,173 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $49,925 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 2.547281 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $149,245 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,074,260 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.138928 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $89,742 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,837,128 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.048849 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $0 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,003,970 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.000000 | DistributionYr5Rt |
| Total Distribution | 2.797051 | TotalDistributionRt |
| Average Distribution | 0.559410 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $2,181,691 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,220,460 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $3,297 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,223,757 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $115,005 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $6,593 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $6,593 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $6,593 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,360 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $2,360 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $12 | EsPenaltyAmt |
| Tax Due | $4,245 | TaxDueAmt |
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 |
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 | $1,216,126 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $686,387 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $312,402 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,214,915 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $2,214,915 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $33,224 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,181,691 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $109,085 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $109,085 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $6,593 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $6,593 | TotalTaxAmt |
| Distributable Before Adj | $102,492 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $102,492 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $102,492 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $115,005 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $115,005 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $115,005 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $102,492 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $90,457 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $130,063 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $15,981 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $236,501 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $115,005 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $102,492 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $12,513 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $249,014 | 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 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $249,014 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $90,457 | ExcessFromYear3Amt |
| Excess From Year2 | $130,063 | ExcessFromYear2Amt |
| Excess From Year1 | $15,981 | ExcessFromYear1Amt |
| Excess From Current Year | $12,513 | 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 (6 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CHARITABLE CONTRIBUTIONS FROM K-1 INVESTMENTS | |||||||
| 2600 MOCKINGBIRD LN | MIDLAND | TX | 79705 | N/A | 501(C)(3) | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $94 |
| 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. | $100,000 |
| FIRST BAPTIST CHURCH | |||||||
| 2104 W LOUISIANA AVE | MIDLAND | TX | 79701 | N/A | 501(C)(3) | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $2,500 |
| 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. | $2,100 |
| MIDLAND COLLEGE | |||||||
| 3600 N GARFIELD | MIDLAND | TX | 79705 | N/A | 501(C)(3) | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $311 |
| THE WAY RETREAT CENTER | |||||||
| 4014 TODD RD | MIDLAND | TX | 79705 | N/A | 501(C)(3) | TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $115,005 | 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 | $556 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,027 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 15 | ExclusionCd |
| Exclusion | $116,375 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $216,206 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (11 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|
| AMCAP ACQUISITIONS | 16 | -$41 | ||
| AMCAP ACQUISITIONS | 01 | 900003 | -$115 | |
| AMCAP LEE PARK, LLC | 16 | -$443 | ||
| AMCAP LEE PARK, LLC | 01 | 900003 | $1,046 | |
| AMCAP TELECOM PARTNERS | 01 | 900003 | ||
| AMCAP WOODLAKE, LLC | 01 | 900003 | $18,293 | |
| FRACTURED LLC | 01 | |||
| HAD ENOUGH LLC | 01 | $19,585 | ||
| LEGACY RESERVES LP | 01 | -$7,196 | ||
| MASS ENERGY, LLC | 01 | -$10,430 | ||
| SPARKCAP, LLC | 01 | 900003 | -$70,530 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$49,347 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $337,680 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $288,333 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (6 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| DON SPARKS | |||||||
| 1 | 2600 MOCKINGBIRD LANE | MIDLAND | TX | 79705 | $67,120 | Yes (X) | Yes (X) |
| KEVIN SPARKS | |||||||
| 2 | 2600 MOCKINGBIRD LANE | MIDLAND | TX | 79705 | $82,280 | Yes (X) | Yes (X) |
| C TODD SPARKS | |||||||
| 3 | 2600 MOCKINGBIRD LANE | MIDLAND | TX | 79705 | $82,280 | Yes (X) | Yes (X) |
| W JEFF SPARKS | |||||||
| 4 | 2715 HUMMINGBIRD CT | MIDLAND | TX | 79705 | $82,280 | Yes (X) | Yes (X) |
| DON & GWYN SPARKS FAMILY LIMITED PARTNERSHIP | |||||||
| 5 | 2600 MOCKINGBIRD LANE | MIDLAND | TX | 79705 | $184,176 | Yes (X) | Yes (X) |
| JKTS CORP | |||||||
| 6 | 2600 MOCKINGBIRD LANE | MIDLAND | TX | 79705 | $24,480 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (6 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | .046 ACRES IN JW LEASES IN MIDLAND COUNTY | $920 | 2017-12-01 |
| 2 | .804 ACRES IN JW LEASES IN MIDLAND COUNTY | $16,080 | 2017-12-01 |
| 3 | .804 ACRES IN JW LEASES IN MIDLAND COUNTY | $16,080 | 2017-12-01 |
| 4 | .804 ACRES IN JW LEASES IN MIDLAND COUNTY | $16,080 | 2017-12-01 |
| 5 | 2.5888 ACRES IN JW LEASES IN MIDLAND COUNTY | $51,776 | 2017-12-01 |
| 6 | 1.224 ACRES IN JW LEASES IN MIDLAND COUNTY | $24,480 | 2017-12-01 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $4,907 | 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 (39 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BROKERAGE - FIDELITY 166 | $100,000 | $100,000 |
| SECURITIES - TRIUMPH SAVINGS BANK PREFERRED | $200,005 | $200,005 |
| DEVON ENERGY CORP NEW | $6,863 | $5,382 |
| LEGACY RESVS LP UNIT LP INT | $29,398 | $4,025 |
| SM ENERGY CO COM | $19,382 | $11,040 |
| CHUBB LIMITED COM NPV | $16,744 | $17,974 |
| SODASTREAM INTERNATIONAL LTD | $16,572 | $22,087 |
| ASML HOLDING N V N Y REGISTRY SHS | $18,331 | $21,032 |
| BROADCOME LIMTIED COM NPV | $11,962 | $17,469 |
| ADOBE SYS INC | $12,088 | $21,555 |
| AGILENT TECH INC | $9,461 | $10,380 |
| AMERICAN EXPRESS CO | $18,769 | $20,855 |
| AMPHENOL CORP CL A | $12,325 | $16,155 |
| BERRY GLOBAL GROUP INC | $17,819 | $18,070 |
| BOEING CO | $18,256 | $22,413 |
| CONSTELLATION BRANDS INC CL A | $19,023 | $20,800 |
| COPART INC COM | $12,217 | $18,831 |
| FMC CORP NEW | $12,146 | $13,915 |
| FIDELITY NATIONAL FINANCIAL IN FNF | $19,990 | $19,698 |
| HONEYWELL INTL INC | $11,749 | $15,796 |
| ILLINOIS TOOL WORKS | $12,319 | $17,352 |
| INTERCONTINENTAL EXCHANGE INC COM | $12,407 | $16,370 |
| METTLER-TOLEDO INTL | $12,040 | $18,586 |
| MICROCHIP TECHNOLOGY INC COM | $16,949 | $19,861 |
| NETFLIX COM INC COM | $18,225 | $20,732 |
| NEW YORK TIMES CO CL A | $18,036 | $18,537 |
| PARKER HANNIFIN CORP | $12,395 | $19,559 |
| PAYPAL HLDGS INC COM | $18,081 | $22,601 |
| QUALYS INC COM | $19,218 | $21,900 |
| RAYTHEON CO COM NEW | $16,583 | $19,912 |
| REINSURANCE GROUP AMER INC COM NEW | $11,913 | $17,308 |
| REPUBLIC SERVICES INC COM | $10,841 | $17,038 |
| SYNOPSYS INC COM | $12,118 | $17,304 |
| TAKE-TWO INTERACTIVE SOFTWARE COM | $12,343 | $28,213 |
| VAIL RESORTS INC COM | $11,434 | $19,972 |
| WAL-MART STORES INC COM | $19,927 | $20,441 |
| WASTE CONNECTIONS INC (CA) COM NPV | $11,073 | $17,948 |
| XILINX INC | $15,179 | $17,529 |
| 12000 SHARES TBK | $397,200 | $397,200 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (10 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| K-1 - AMCAP WOODLAKE, LLC | AT COST | $53,339 | $53,339 |
| K-1 - FRACTURED LLC | AT COST | $107,576 | $107,576 |
| K-1 - HAD ENOUGH LLC | AT COST | $31,081 | $31,081 |
| K-1 - MASS ENERGY, LLC | AT COST | $137,708 | $137,708 |
| OTHER ASSETS | FMV | $6,305 | $6,305 |
| 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 | $3,672 |
| HUGOTON RTY TR TEX UNIT BEN INT | AT COST | $5,441 | $350 |
| SAN JUAN BASIN RTY TR UNIT BEN INT | AT COST | $9,603 | $2,472 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FEDERAL INCOME TAX | Desc |
| Amt | $1,775 | Amt |
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 | $3,536 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (12 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| RI - TX - NET - NFC - 657-084085 | $531 | $531 | $531 |
| RI - TX - NET | $115,051 | $115,051 | $115,051 |
| RI - TX - NET - K-1 | $793 | $793 | $793 |
| AMCAP ACQUISITIONS | -$41 | -$41 | -$41 |
| AMCAP ACQUISITIONS | -$115 | -$115 | |
| AMCAP LEE PARK, LLC | -$443 | -$443 | -$443 |
| AMCAP LEE PARK, LLC | $1,046 | $1,046 | |
| AMCAP WOODLAKE, LLC | $18,293 | $18,293 | |
| HAD ENOUGH LLC | $19,585 | $19,585 | |
| LEGACY RESERVES LP | -$7,196 | -$7,196 | |
| MASS ENERGY, LLC | -$10,430 | -$10,430 | |
| SPARKCAP, LLC | -$70,530 | -$70,530 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| NONDIVIDEND DISTRIBUTIONS | $117 |
| PRIOR PERIOD ADJUSTMENT | $35,495 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER PAYABLE | Desc |
| BOY Book Value | $209,739 | BOYBookValueAmt |
| EOY Book Value | $108,103 | EOYBookValueAmt |
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 | $8,019 | Amt |
| Net Investment Income | $8,019 | 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 | $32 | $0 | $0 | $0 |
| AD VALOREM | $208 | $0 | $0 | $0 |