Overview
What is Sparks Foundation Inc?
Sparks Foundation Inc, located in Mohnton, Pennsylvania, is a nonprofit organization dedicated to supporting and promoting education and scientific objectives in the United States, primarily focusing on underprivileged children. Despite the challenges posed by the COVID-19 pandemic, the foundation continued its mission by offering virtual and in-person science lessons to 18,500 students across 27 school districts in five states during the 2021-2022 school year. Additionally, the foundation awarded college scholarships worth $10,000 each to seven high school students pursuing STEM fields. Furthermore, 12 income-eligible elementary students were granted scholarships to attend science clubs or camps.
Official website here: www.sparksfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating
Sparks Foundation Inc has achieved an impressive 92% rating from Charity Navigator, reflecting its strong accountability and financial performance. This rating is based solely on its accountability and finance score, which underscores the organization's commitment to transparency and ethical management practices. The organization demonstrates high effectiveness in its governance, with a fully independent board and comprehensive policies in place for conflicts of interest and whistleblower protections.
Financially, Sparks Foundation displays significant strengths, including a low liabilities-to-assets ratio of 0.14%, indicating robust financial health. Additionally, a remarkable 91.17% of its expenses are allocated to programs, suggesting that the vast majority of funds are directly supporting its mission. The organization’s fiscal responsibility is further illustrated by its thorough financial statement reviews.
While the rating is strong, potential donors may wish to consider any additional qualitative factors not captured solely by financial metrics. Overall, the Sparks Foundation Inc stands out as a well-managed nonprofit with a clear focus on its objectives and a solid foundation in financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Sparks Foundation Inc legitimate?
Sparks Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sparks Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Official website here: www.sparksfoundation.org
What is the mission statement of Sparks Foundation Inc?
Sparks Foundation Inc's mission is centered around supporting and promoting educational and scientific objectives, with a focus on underprivileged children in the United States. The organization strives to carry out these goals by sponsoring various programs and activities. Due to the COVID-19 pandemic, the foundation shifted its programs to a fully virtual format for the initial half of the 2021-2022 school year. However, as schools began to reopen, both virtual and in-person lessons were offered. During this period, the foundation provided inquiry-based, hands-on science experiments to over 18,500 students across 27 school districts in five states. Furthermore, the foundation supported seven aspiring scientists and engineers by awarding them college scholarships worth $1,000 each, provided they pursued a degree in a STEM field. Additionally, twelve income-eligible elementary students received scholarships for science club or camp participation.
Official website here: www.sparksfoundation.org
Who is the CEO of Sparks Foundation Inc?
Tina M Krall is the Past Trustee of Sparks Foundation Inc.
Official website here: www.sparksfoundation.org
What is the revenue of Sparks Foundation Inc?
Sparks Foundation Inc's revenue in 2022 was $666,842.
Official website here: www.sparksfoundation.org
Who are the executives of Sparks Foundation Inc and what are their salaries?
There 13 volunteers at Sparks Foundation Inc.
Here are 13 key members and their salaries:
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Official website here: www.sparksfoundation.org
Where can I find the form 990 for Sparks Foundation Inc?
Sparks Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sparksfoundation.org
Learn more at the official website: www.sparksfoundation.org
Mission Statement of Sparks Foundation Inc
Sparks Foundation Inc, a dedicated organization, is committed to supporting, promoting, and sponsoring educational and scientific objectives throughout the United States, with a particular focus on underprivileged children. The mission of this nonprofit is to provide opportunities and resources that foster learning and innovation in the fields of science and technology for these children, empowering them to excel in their future academic pursuits.
During the 2021-2022 school year, Sparks Foundation Inc adapted its programs to the challenges posed by the COVID-19 pandemic. Initially, all lessons were delivered virtually due to school closures. However, as schools began to reopen for in-person learning in January 2022, Sparks Foundation Inc continued to offer both virtual and in-person lessons, ensuring accessibility for its students. Through these lessons, the organization provided over 18,500 students with inquiry-based, hands-on science experiments, engaging them in the exciting world of scientific exploration.
In addition to these lessons, Sparks Foundation Inc also recognized the potential of its students and offered scholarships. Seven high school students were chosen to receive $1,000 each to support their pursuit of higher education in a STEM field. Moreover, the organization provided scholarship opportunities to income-eligible elementary school students, allowing them to participate in science clubs or summer camps. By offering these scholarships, Sparks Foundation Inc is not only supporting the education of its students but also nurturing the next generation of scientists and engineers.
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Impact
July, 2024
Sparks Foundation Inc's impact lies in supporting, promoting, and sponsoring educational and scientific objectives throughout the United States, with a specific focus on underprivileged children. In the 2021-2022 school year, the organization adapted to the challenges of COVID-19 by transitioning its programs to a fully virtual format for the first half of the year. As schools began to reopen in January 2022, Sparks Foundation continued to offer both virtual and in-person lessons, providing inquiry-based, hands-on science experiments to a total of 18,500 students across 27 school districts in 5 states.
Furthermore, Sparks Foundation demonstrated its commitment to fostering the next generation of scientists and engineers by awarding $1,000 college scholarships to 7 high school students pursuing STEM majors. Additionally, the organization extended its support to 12 income-eligible elementary students by offering science club or camp scholarships.
By reaching out to underprivileged children and empowering them with educational opportunities in the fields of science and engineering, Sparks Foundation Inc is making a significant impact on the lives of these individuals and contributing to a brighter future for them.
This information is meant to be a general summary of Sparks Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $31,877
- Gross Receipts: $666,842
Assets and Liabilities:
- Total Assets: $61,812
- Total Liabilities: $92
- Net Assets: $61,720
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$31,877
Organization Details
Founding Year
2003
Phone
(610) 816-5047Principal Officer
Tina M Krall
Main Address
110 WEST WYOMISSING AVENUE, MOHNTON, PA, 19540
Website
www.sparksfoundation.orgNTEE Category
Code: B90 - Education
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