Civic Intelligence

Sparrow Education Foundation Inc.

990 • Fiscal year 2023 • EIN 47-4389272

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 20, 2025

8595 US Highway 98 NLakeland, FL 33809

(863) 777-2269

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

1.73x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.12x

Higher debt load relative to revenue than 70% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

32nd percentile

-4.4%

Higher net margin than 32% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

72nd percentile

$61,206

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

1st percentile

-84%

Faster asset growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

46th percentile

5.1%

Faster revenue growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$58,824

Down $319,715 (-84%) from 2022

Net Assets

Down

-$42,795

Down $377,256 (-113%) from 2022

Liabilities

Up

$101,619

Up $57,541 (+131%) from 2022

Revenue

Up

$827,897

Up $40,307 (+5.1%) from 2022

Expenses

Up

$864,167

Up $60,208 (+7.5%) from 2022

Net Income

Down

-$36,270

Down $19,901 (-122%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0-$200KAssets 2015: $683Liabilities 2015: $0Net Assets 2015: $6832015Assets 2016: $10,054Liabilities 2016: $0Net Assets 2016: $10,0542016Assets 2018: $9,733Liabilities 2018: $0Net Assets 2018: $9,7332018Assets 2019: $260,046Liabilities 2019: $0Net Assets 2019: $260,0462019Assets 2020: $336,129Liabilities 2020: $0Net Assets 2020: $336,1292020Assets 2021: $425,771Liabilities 2021: $38,809Net Assets 2021: $386,9622021Assets 2022: $378,539Liabilities 2022: $44,078Net Assets 2022: $334,4612022Assets 2023: $58,824Liabilities 2023: $101,619Net Assets 2023: -$42,7952023Assets 2024: $70,880Liabilities 2024: $68,857Net Assets 2024: $2,0232024

Highlighted filing

2023

Assets$58,824
Liabilities$101,619
Net Assets-$42,795

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $15,471Expenses 2015: $14,788Net Income 2015: $6832015Revenue 2016: $99,690Expenses 2016: $90,319Net Income 2016: $9,3712016Revenue 2018: $327,160Expenses 2018: $360,185Net Income 2018: -$33,0252018Revenue 2019: $544,322Expenses 2019: $294,009Net Income 2019: $250,3132019Revenue 2020: $666,886Expenses 2020: $499,936Net Income 2020: $166,9502020Revenue 2021: $658,456Expenses 2021: $607,623Net Income 2021: $50,8332021Revenue 2022: $787,590Expenses 2022: $803,959Net Income 2022: -$16,3692022Revenue 2023: $827,897Expenses 2023: $864,167Net Income 2023: -$36,2702023Revenue 2024: $1,233,478Expenses 2024: $1,214,685Net Income 2024: $18,7932024

Highlighted filing

2023

Revenue$827,897
Expenses$864,167
Net Income-$36,270
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 20, 2025
Return Version
2023v6.0
Gross Receipts
$827,897
Mission and Program Overview

Mission

provide trauma informed educational setting for children in kindergarten - eight grade.

provide trauma informed educational setting for children in kindergarten - twelfth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$375,148$0▼ $375,148
Cash and Non-Interest-Bearing Accounts$3,391$58,824▲ $55,433
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$378,539$58,824▼ $319,715
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$28,024$99,627▲ $71,603
Accounts Payable and Accrued Expenses$16,054$1,992▼ $14,062
Total Liabilities$44,078$101,619▲ $57,541
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$334,461$-42,795▼ $377,256
Total Net Assets Fund Balance$334,461$-42,795▼ $377,256
Total Liabilities and Net Assets / Fund Balance$378,539$58,824▼ $319,715
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rhonda McginnisPrincipalFT$61,206$61,206

Board Members and Trustees

NameTitle
Michael PippenPresident
Marlyn PharnesDirector
Terry DuncanDirector
Greg BarnetteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$108,762
Program Service Revenue
$719,135
Investment Income
$0
Other Revenue
$0
All Other Contributions
$108,762
Change in Net Assets
$-36,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$671,282
Other Expenses$192,670
Grants and Similar Amounts Paid$215
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$564,198--$564,198
Current Officers, Directors, Trustees, and Key Employees-$61,206-$61,206
Insurance$53,208--$53,208
Payroll Taxes$41,474$4,404-$45,878
All Other Expenses$24,584$6,662-$31,246
Information Technology$12,346--$12,346
Other Expenses$4,526$4,526-$9,052
Occupancy$3,654$3,654-$7,308
Fees for Services Accounting$6,170--$6,170
Office Expenses$2,421$2,421-$4,842
Interest$1,538$1,538-$3,076
Advertising$1,382--$1,382
Travel$244$244-$488
Grants to Domestic Individuals$215--$215
Total Functional Expenses$770,108$94,059$0$864,167
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is provided to the governing body for review and consideration prior to filing. The governing body agreed the form 990 is prepared correctly to the best of their knowledge and approved submission to the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Any director, principal officer, or member of a committee with governing board delegated powers,who has a direct or indirect financial interest is an interested person. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interestand be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of aconflict of interest is discussed and voted upon. The remaining board or committee members shall decide of a conflict of interest exists. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to discose an actual or possible conflict of intrest, it shall take appropriate disciplinary and corrective action.

Form 990, Part VI, Section C, Line 18

Governing documents, conflict of interest policy, and financial statements are maintained at the organizaiotn place of operation and available upon request.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Sparrow Education Foundation Inc
EIN
47-4389272
Phone
8637772269
Address
8595 US HIGHWAY 98 N, LAKELAND, FL 33809

Signing Officer

Name
Rhonda Mcginnis
Title
Principal
Signed
2025-11-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rhonda Mcginnis
Voting Board Members
5
Independent Board Members
5
Employees
33
Volunteers
12

Preparer

Firm
Robinson Gruters and Roberts
Address
133 Harbor Dr S, Venice, FL 34285
Preparer
Kelly Jones
Phone
9414887794
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IRS990/Desc0OUR CORE BELIEF AT THE SPARROW ACADEMY IS BASED ON THE PARADIGM OF A COMPASSIONATE, PROGRESSIVE APPROACH TO EDUCATION. WE UNDERSTAND THAT CHILDREN RESPOND TO THEIR ENVIRONMENT AND WE STRIVE TO TAKE A PURPOSEFUL, RELATIONAL APPROACH TO OUR CHILDREN, PARENTS AND TEACHERS IN ORDER TO CREATE A PLACE OF SAFETY AND ACCEPTANCE FOR CHILDREN TO LEARN. AT SPARROW ACADEMY WE ARE ATTUNED TO THE LATEST RESEARCH AND STUDIES IN EDUCATION, NEUROSCIENCE AND THE HEALING ARTS, AND HAVE TAKEN THAT KNOWLEDGE TO CREATE A SCHOOL FOR CHILDREN WHO NEED THAT UNDERSTANDING.
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SOME STUDENTS ATTENDING SPARROW ACADEMY RECEIVE FUNDS FROM THE FDOE MCKAY SCHOLARSHIP AND GARDINER SCHOLARSHIP PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PROVIDED TO THE GOVERNING BODY FOR REVIEW AND CONSIDERATION PRIOR TO FILING. THE GOVERNING BODY AGREED THE FORM 990 IS PREPARED CORRECTLY TO THE BEST OF THEIR KNOWLEDGE AND APPROVED SUBMISSION TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS,WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IS AN INTERESTED PERSON. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTERESTAND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF ACONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE OF A CONFLICT OF INTEREST EXISTS. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MAINTAINED AT THE ORGANIZAIOTN PLACE OF OPERATION AND AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0827897
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IRS990/WebsiteAddressTxt0HTTPS://WWW.Sparrowacademy.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Rhonda Mcginnis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Principal
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPARROW EDUCATION FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SPAR
ReturnHeader/Filer/EIN0474389272
ReturnHeader/Filer/PhoneNum08637772269
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832835632
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Robinson Gruters and Roberts
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0133 Harbor Dr S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Venice
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034285
ReturnHeader/PreparerPersonGrp/PhoneNum09414887794
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KELLY JONES
ReturnHeader/ReturnTs02025-11-20T07:19:10-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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