John And Polly Sparks Foundation
- Assets
- $66.7m
- Revenue
- $3.6m
- Investments
- $66.4m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 04/2012
- Data as of
- 11/2023
- EIN
- 27-2992779
Organization Overview
John And Polly Sparks Foundation is located in Pennington, NJ. The organization was established in 2012. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John And Polly Sparks Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2023, John And Polly Sparks Foundation generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $4.3m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, John And Polly Sparks Foundation has awarded 111 individual grants totaling $6,538,050. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bank Of America N A Trustee | 2 | $324,154 | |
Richard W Hallock Advisory Member | 1 | $10,000 | |
S Andrew Shuping Advisory Member | 1 | $10,000 | |
Kathy Barronton Thornton Advisory Member | 1 | $10,000 | |
Kim Barronton Thornton Advisory Member | 1 | $10,000 | |
Brock Richard Peyer Advisory Member | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,254,413 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,285,973 |
| Capital Gain Net Income | $1,285,973 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,831 |
| Total Revenue | $3,578,217 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $374,154 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $83,395 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,724 |
| Total operating and administrative expenses | $596,067 |
| Contributions, gifts, grants paid | $3,725,325 |
| Total expenses and disbursements | $4,321,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,120 |
| Savings and temporary cash investments | $186,783 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $66,418,596 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $99,247 |
| Total assets | $66,720,746 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, John And Polly Sparks Foundation has awarded $3,310,000 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
WILLING HELPERS HOME PURPOSE: GENERAL OPERATING | $10,000 |
PRESBYTERIAN CHURCH USA PURPOSE: GENERAL OPERATING | $35,000 |
ENCORE COMMUNITY PURPOSE: GENERAL OPERATING | $25,000 |
JDRF PURPOSE: GENERAL OPERATING | $20,000 |
COMMUNITY FRIENDSHIP INC PURPOSE: GENERAL OPERATING | $45,000 |
247 GATEWAY LLC PURPOSE: GENERAL OPERATING | $25,000 |