BETA

SHARP FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
SHARP FOUNDATION (EIN 54-1526891)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-10-04
IRS object ID
202232779349100608
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-10-04T09:36:59-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN541526891EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE SHARP FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSHARBusinessNameControlTxt
Phone8046013090PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1900 Laskin Rd 200AddressLine1Txt
CityVirginia BeachCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23451ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJames P KaridesPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2022-10-04SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJames PPersonFirstNm
Person LastKaridesPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,666,222FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$2,910,923ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$477InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$477InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$227DividendsRevAndExpnssAmt
Dividends Net Invst Incm$227DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$12,613NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$423,536GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$341,514CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$2,924,240TotalRevAndExpnssAmt
Total Net Invst Incm$342,218TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$150LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$150LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$181AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$181AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$13,983OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$13,983OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$14,314TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$14,314TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,617,996ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,617,996ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,632,310TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,632,310TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,291,930ExcessRevenueOverExpensesAmt
Net Investment Income$342,218NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$386,384SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,666,222SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,666,222SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$386,384TotalAssetsBOYAmt
Total Assets EOY$1,666,222TotalAssetsEOYAmt
Total Assets EOYFMV$1,666,222TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$386,384CapitalStockBOYAmt
Capital Stock EOY$1,666,222CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$386,384TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,666,222TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$386,384TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,666,222TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$386,384TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,291,930ExcessRevenueOverExpensesAmt
Subtotal$1,678,314SubtotalAmt
Other Decreases$12,092OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,666,222TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
66 american gr fd of america aP2010-02-232021-08-16$5,029$1,760$3,269$3,269
5460 CROCS INCP2014-06-242021-03-25$418,507$80,262$338,245$338,245
FieldValueIRS element (for citing)
Capital Gain Net Income$341,514CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$4,757InvestmentIncomeExciseTaxAmt
Subtotal$4,757SubtotalAmt
Tax Based On Investment Income$4,757TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$21,415EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$21,415TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Overpayment$16,658OverpaymentAmt
Applied To ES Tax$16,658AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateVAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1JAMES KARIDESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8046013090PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1900 Laskin Rd 200AddressLine1Txt
CityVA BeachCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23451ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Cheryl R Jennings
po box 42333richmondVA232422333Secretary1.00$0
Sherry A Sharp
po box 42333richmondVA232422333President1.00$0
James P Karides
PO Box 42333RICHMONDVA232422333Treasurer1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,408,647AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,408,647TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,408,647AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$36,130CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,372,517NetVlNoncharitableAssetsAmt
Minimum Investment Return$118,626MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$118,626MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,757TaxBasedOnInvestmentIncomeAmt
Total Tax$4,757TotalTaxAmt
Distributable Before Adj$113,869DistributableBeforeAdjAmt
Distributable Before Ded$113,869DistributableBeforeDedAmt
Distributable As Adjusted$113,869DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,632,310ExpensesAndContributionsAmt
Qualifying Distributions$1,632,310QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$113,869DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$534,636ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,061,332ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,163,660ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,011,517ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,467,416ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$5,238,561TotalExcessDistributionCyovAmt
Qualifying Distributions$1,632,310QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$113,869AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,518,441RemainingDistriFromCorpusAmt
Total Corpus$6,757,002TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$534,636ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$6,222,366ExcessDistriCyovToNextYrAmt
Excess From Year4$1,061,332ExcessFromYear4Amt
Excess From Year3$1,163,660ExcessFromYear3Amt
Excess From Year2$1,011,517ExcessFromYear2Amt
Excess From Year1$1,467,416ExcessFromYear1Amt
Excess From Current Year$1,518,441ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSEE ATTACHED SCHEDULERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1SEE ATTACHED SCHEDULEAddressLine1Txt
CityRichmondCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23242ZIPCd
FieldValueIRS element (for citing)
Recipient Relationshipn/aRecipientRelationshipTxt
Recipient Foundation Status501(c)(3)RecipientFoundationStatusTxt
Grant Or Contribution PurposeSee AttachedGrantOrContributionPurposeTxt
Amt$1,617,996Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,617,996TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$477ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$227ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$12,613RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$704ExclusionAmt
Related Or Exempt Function Incm$12,613RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$13,317TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
SHERRY A SHARP
1PO BOX 42333RICHMONDVA232422333$2,905,869Yes (X)Yes (X)
SCOTT APRIL GARNETT
2511 RIVERGATE DRRICHMONDVA232386422$5,054Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1524 Shares Crocs$405,8692021-03-25
266 SHARES AMERICAN GR FD OF AMERICA A$5,0542021-08-13

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategorySOFTWARE FILING FEESCategoryTxt
Amt$181Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$181DisbursementsCharitablePrpsAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
Legal Fees$150LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$150DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
administrative services$13,640$13,640
operational supplies$343$343

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