Mastek Sparkman Family Foundation
- Assets
- $949.6k
- Revenue
- $144.2k
- Investments
- $880.5k
- Employees
- 0
- Location
- Powell, OH
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-3571224
Organization Overview
Mastek Sparkman Family Foundation is located in Powell, OH. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mastek Sparkman Family 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 12/2022, Mastek Sparkman Family Foundation generated $144.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 41.5% each year . All expenses for the organization totaled $201.4k during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mastek Sparkman Family Foundation has awarded 132 individual grants totaling $1,149,485. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Coley-Malir President/sec'y/director | 4 | $0 | |
Richard E Malir Treasurer/director | 1 | $0 | |
Carol Coley Mcdonald Director | 0.25 | $0 | |
Michael Torrey Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $48 |
| Dividends & Interest | $32,839 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,328 |
| Capital Gain Net Income | $111,328 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $144,215 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,530 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,507 |
| Total operating and administrative expenses | $16,654 |
| Contributions, gifts, grants paid | $184,715 |
| Total expenses and disbursements | $201,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,145 |
| 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 | $949,614 |
| 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, Mastek Sparkman Family Foundation has awarded $184,715 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
KANSAS FFA PURPOSE: GENERAL SUPPORT | $31,000 |
OHIO HEALTH PURPOSE: NURSE SCHOLARSHIPS | $8,250 |
COLUMBUS METRO LIBRARY PURPOSE: GENERAL SUPPORT | $2,000 |
SHINE BRIGHT FOUNDATION PURPOSE: NATIONWIDE CHILDREN'S HOSPITAL | $500 |
GASPARILLA ISLAND CONSERVATION & IMP ASSOC INC PURPOSE: GENERAL SUPPORT | $100 |
THE TENNESSEE FUND PURPOSE: DONATION TO UNIVERSITY OF TN | $10,100 |