Tbs Spark Foundation
- Assets
- $14.4k
- Revenue
- $19.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Houma, LA
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-3021603
Organization Overview
Tbs Spark Foundation is located in Houma, LA. The organization was established in 2014. 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. Tbs Spark 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 12/2023, Tbs Spark Foundation generated $19.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $8.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Tbs Spark Foundation has awarded 165 individual grants totaling $154,444. 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 |
|---|---|---|---|
Kenneth W Smith Chairman/treasurer | 0.5 | $0 | |
Sheri Smith President/secretary | 0.5 | $0 | |
Angele Smith Baugh Director | 0.5 | $0 | |
Jennifer Smith Chiasson Director | 0.5 | $0 | |
Caley Smith Krug Director | 0.5 | $0 | |
Sara Smith Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,074 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,074 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $1,160 |
| Contributions, gifts, grants paid | $7,154 |
| Total expenses and disbursements | $8,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,375 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,375 |
| 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, Tbs Spark Foundation has awarded $7,154 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF METRO LOUISIANA PURPOSE: FOR HOLIDAY GIVING | $1,400 |
ANGELS' PLACE PURPOSE: TO PROVIDE SUPPORT TO ADULTS WITH DEVELOPMENTAL DISABILITIES | $518 |
CATHOLIC CHARITIES OF ACADIANA PURPOSE: FOR HOLIDAY GIVING | $882 |
KNIGHTS OF COLUMBUS 13397 PURPOSE: TO SUPPORT COMMUNITY ACTIVITIES | $500 |
TERREBONNE FOUNDATION FOR ACADEMIC EXCELLENCE IN PUBLIC EDUCATION PURPOSE: TO PROVIDE SUPPORT FOR LOCAL AREA EDUCATORS | $1,200 |
TEAM HOPE MISSIONS PURPOSE: TO PROVIDE SUPPORT TO THE LESS FORTUNATE, STATESIDE AND ABROAD | $1,000 |