Connie And Ricky Sparks Scholarship Foundation
- Assets
- $255.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hendersonville, NC
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 83-1775656
Organization Overview
Connie And Ricky Sparks Scholarship Foundation is located in Hendersonville, NC. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connie And Ricky Sparks Scholarship 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, Connie And Ricky Sparks Scholarship Foundation generated $52.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $28.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Sparks President | 1 | $0 | |
James K Miller Vice Preside | 1 | $0 | |
Lee Mulligan Secretary/tr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,015 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,302 |
| Gain or Loss | $513 |
| Net Income from Gaming & Fundraising | $20,383 |
| Other Revenue | $0 |
| Total Revenue | $52,213 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $837 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,065 |
| Total expenses | $27,955 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $255,034 |
| Other assets | $0 |
| Total assets | $255,034 |
| Total liabilities | $0 |
| Net assets or fund balances | $255,034 |