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SHARP FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
SHARP FOUNDATION (EIN 54-1526891)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-08
IRS object ID
202123129349101757
Schema version
2020v4.0
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)
Return2021-11-08T11:21:52-08:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

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
Phone8043270710PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 42333AddressLine1Txt
CityHenricoCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23242ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJames P KaridesPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2021-11-08SignatureDt

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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$386,384FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$379InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$379InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$4,765DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,765DividendsNetInvstIncmAmt
Total Rev And Expnss$5,144TotalRevAndExpnssAmt
Total Net Invst Incm$5,144TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$75LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$75LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$99AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$99AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$11,821OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$11,821OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$11,995TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$11,995TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,507,413ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,507,413ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,519,408TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,519,408TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,514,264ExcessRevenueOverExpensesAmt
Net Investment Income$5,144NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$165,677SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$386,384SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$386,384SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$1,734,969OtherInvestmentsBOYAmt
Other Assets BOY$2OtherAssetsBOYAmt
Total Assets BOY$1,900,648TotalAssetsBOYAmt
Total Assets EOY$386,384TotalAssetsEOYAmt
Total Assets EOYFMV$386,384TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,900,648CapitalStockBOYAmt
Capital Stock EOY$386,384CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,900,648TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$386,384TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,900,648TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$386,384TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,900,648TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,514,264ExcessRevenueOverExpensesAmt
Subtotal$386,384SubtotalAmt
Tot Net Ast Or Fund Balances EOY$386,384TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$72InvestmentIncomeExciseTaxAmt
Subtotal$72SubtotalAmt
Tax Based On Investment Income$72TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$21,487EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$21,487TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Overpayment$21,415OverpaymentAmt
Applied To ES Tax$21,415AppliedToESTaxAmt

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 P KARIDES CPABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8046013090PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 42333AddressLine1Txt
CityRICHMOND VACityNm
State AbbreviationVAStateAbbreviationCd
ZIP232422333ZIPCd
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$41AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,057,086AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,057,127TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,057,127AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,857CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,041,270NetVlNoncharitableAssetsAmt
Minimum Investment Return$52,064MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$52,064MinimumInvestmentReturnAmt
Tax Based On Investment Income$72TaxBasedOnInvestmentIncomeAmt
Total Tax$72TotalTaxAmt
Distributable Before Adj$51,992DistributableBeforeAdjAmt
Distributable Before Ded$51,992DistributableBeforeDedAmt
Distributable As Adjusted$51,992DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,519,408ExpensesAndContributionsAmt
Qualifying Distributions$1,519,408QualifyingDistributionsAmt
Adjusted Qualifying Distri$1,519,408AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$51,992DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$3,403,565ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$534,636ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,061,332ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,163,660ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,011,517ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$7,174,710TotalExcessDistributionCyovAmt
Qualifying Distributions$1,519,408QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$51,992AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,467,416RemainingDistriFromCorpusAmt
Total Corpus$8,642,126TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$3,403,565ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$5,238,561ExcessDistriCyovToNextYrAmt
Excess From Year4$534,636ExcessFromYear4Amt
Excess From Year3$1,061,332ExcessFromYear3Amt
Excess From Year2$1,163,660ExcessFromYear2Amt
Excess From Year1$1,011,517ExcessFromYear1Amt
Excess From Current Year$1,467,416ExcessFromCurrentYearAmt

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$1,507,413Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,507,413TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$379ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,765ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$5,144ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,144TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategorySOFTWARE FILING FEESCategoryTxt
Amt$99Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$99DisbursementsCharitablePrpsAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL EXPENSESCategoryTxt
Legal Fees$75LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$75DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
Descadministrative servicesDesc
Revenue And Expenses Per Books$11,821RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$11,821DisbursementsCharitablePrpsAmt

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