SHARP FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- SHARP FOUNDATION (EIN 54-1526891)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-14
- IRS object ID
- 201933189349102088
- Schema version
- 2018v3.1
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Applied To Prior Year Election
- Cash Deemed Charitable Expln Stmt
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-14T10:44:33-08:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541526891 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SHARP FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SHAR | BusinessNameControlTxt |
| Phone | 8043270710 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 42333 | AddressLine1Txt |
| City | Henrico | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23242 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | James P Karides | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Signature | 2019-11-14 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-01-14 16:20:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $2,492,384 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $3,621,214 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $937 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $937 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $937 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $8,509 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $8,509 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $8,509 | DividendsAdjNetIncmAmt |
| Gross Rents Rev And Expnss | $603 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $603 | GrossRentsNetInvstIncmAmt |
| Gross Rents Adj Net Incm | $603 | GrossRentsAdjNetIncmAmt |
| Net Rental Income Or Loss | -$603 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $1,269,160 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,093,954 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,269,160 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $4,899,217 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,278,003 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $8,843 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $1,353 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $1,353 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $87 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $87 | AccountingFeesChrtblPrpsAmt |
| Other Expenses Rev And Expnss | $4,411 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $50 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $50 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $4,361 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $5,851 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $50 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $50 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $5,801 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,157,859 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,157,859 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,163,710 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $50 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $50 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,163,660 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $3,735,507 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,277,953 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $8,793 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $10,329 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $381,928 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $381,928 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Bonds BOY | $11,800 | CorporateBondsBOYAmt |
| Other Investments BOY | $130,908 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,171,760 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,110,456 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $153,037 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,553,688 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,492,384 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $153,037 | CapitalStockBOYAmt |
| Capital Stock EOY | $2,553,688 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $153,037 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,553,688 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $153,037 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,553,688 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $153,037 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $3,735,507 | ExcessRevenueOverExpensesAmt |
| Subtotal | $3,888,544 | SubtotalAmt |
| Other Decreases | $1,334,856 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $2,553,688 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (14 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 51.899 JP MORGAN STRAT INC OPP SELL | P | 2018-01-01 | 2018-12-31 | $600 | $600 | ||
| 30.652 TCW TOTAL RETURN BOND FUND 1 | P | 2018-01-01 | 2018-12-31 | $306 | $311 | -$5 | -$5 |
| 400 AMAZON COM INC | P | 2016-12-27 | 2018-11-05 | $642,049 | $309,001 | $333,048 | $333,048 |
| 3500 APPLE INC | P | 2014-06-24 | 2018-11-05 | $704,479 | $318,377 | $386,102 | $386,102 |
| 5000 CARMAX INC | P | 2014-06-24 | 2018-11-05 | $349,564 | $253,275 | $96,289 | $96,289 |
| 15000 EATON VANCE ENHNCD EQ INC | P | 2014-10-08 | 2018-11-05 | $238,830 | $174,744 | $64,086 | $64,086 |
| 1000 FACEBOOK INC CL-A | P | 2014-06-24 | 2018-11-05 | $147,643 | $66,220 | $81,423 | $81,423 |
| 1148.798 JPMORGAN STRAT INC OPPORT A | P | 2017-01-01 | 2018-11-05 | $13,238 | $12,759 | $479 | $479 |
| 4000 MGM GROWTH PROPERTIES LLC CL A | P | 2016-04-20 | 2018-11-05 | $113,019 | $80,736 | $32,283 | $32,283 |
| 4000 NIKE INC B | P | 2017-09-27 | 2018-11-05 | $307,756 | $209,680 | $98,076 | $98,076 |
| 15000 JOHN HANCOCK FINANCIAL OPPS FD | P | 2014-06-24 | 2018-12-31 | $544,143 | $344,325 | $199,818 | $199,818 |
| 1767.462 JPMORGAN STRAT INC OPPORT A | P | 2011-01-01 | 2018-01-18 | $20,515 | $19,953 | $562 | $562 |
| 1183 TCW TOTAL RETURN BOND FUND 1 | P | 2011-12-29 | 2018-12-31 | $11,812 | $11,603 | $209 | $209 |
| whitehall RE LP XIII passthrough | P | 2017-01-01 | 2018-12-31 | $23,210 | -$23,210 | -$23,210 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,269,160 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$5 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,066,047 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $94,810 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 11.24404 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $553,687 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $385,183 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 1.43747 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $3,516,646 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $2,282,346 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 1.54080 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,983,009 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $5,179,754 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.38284 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,068,203 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $6,616,004 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.16146 | DistributionYr5Rt |
| Total Distribution | 14.766598 | TotalDistributionRt |
| Average Distribution | 2.953320 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $240,779 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $711,097 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $12,780 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $723,877 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,163,660 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $12,780 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $12,780 | SubtotalAmt |
| Tax Based On Investment Income | $12,780 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,617 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $20,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $25,617 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $12,837 | OverpaymentAmt |
| Applied To ES Tax | $12,837 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | VA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAMES P KARIDES CPA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8046013090 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 42333 | AddressLine1Txt |
| City | RICHMOND VA | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 232422333 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Cheryl R Jennings | ||||||
| po box 42333 | richmond | VA | 232422333 | Secretary | 1.00 | $0 |
| Sherry A Sharp | ||||||
| po box 42333 | richmond | VA | 232422333 | President | 1.00 | $0 |
| James P Karides | ||||||
| PO Box 42333 | RICHMOND | VA | 232422333 | Treasurer | 1.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $385,848 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $140,777 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $526,625 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $526,625 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $285,846 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $240,779 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $12,039 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $12,039 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $12,780 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $12,780 | TotalTaxAmt |
| Distributable Before Adj | $741 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $741 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,163,660 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,163,660 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $12,780 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,150,880 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $734,223 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,725,193 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $3,403,565 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $534,636 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,061,332 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $7,458,949 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,163,660 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Remaining Distri From Corpus | $1,163,660 | RemainingDistriFromCorpusAmt |
| Total Corpus | $8,622,609 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $734,223 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $7,888,386 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,725,193 | ExcessFromYear4Amt |
| Excess From Year3 | $3,403,565 | ExcessFromYear3Amt |
| Excess From Year2 | $534,636 | ExcessFromYear2Amt |
| Excess From Year1 | $1,061,332 | ExcessFromYear1Amt |
| Excess From Current Year | $1,163,660 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | SEE ATTACHED SCHEDULE | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SEE ATTACHED SCHEDULE | AddressLine1Txt |
| City | Richmond | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23242 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | n/a | RecipientRelationshipTxt |
| Recipient Foundation Status | 501(c)(3) | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | See Attached | GrantOrContributionPurposeTxt |
| Amt | $1,157,859 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,157,859 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $937 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $8,509 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | -$603 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $1,269,160 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $8,843 | ExclusionAmt |
| Related Or Exempt Function Incm | $1,269,160 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,278,003 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | SHERRY C SHARP | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 42333 | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 232422333 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $3,621,213 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 4000 shares MGM Growth Properties LLC1000 Shares Facebook Inc15000 Shares Eaton Vance Enhanced Equit | NoncashPropertyDesc |
| Fair Market Value | $3,091,213 | FairMarketValueAmt |
| Received | 2018-11-02 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | SOFTWARE FILING FEES | CategoryTxt |
| Amt | $87 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $87 | DisbursementsCharitablePrpsAmt |
Applied To Prior Year Election AppliedToPriorYearElection
| Field | Value | IRS element (for citing) |
|---|---|---|
| Election | Pursuant to Regulation 53.4942(a)-3(c)(2)(iv), the foundation hereby elects to treat, as a current distibution out of corpus, the following unused prior years distributions that were treated as corpus distributions under Regulation 53.4942(a)-3(d)(1)(iii) in such prior tax year: Tax Year: 2017 Amount: 1061332 Tax Year: 2016 Amount: 101951 | ElectionDesc |
Cash Deemed Charitable Expln Stmt CashDeemedCharitableExplnStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | The Sharp Foundation had commitments in place at the end of 2018 to gift $280,000 during the first quarter of 2019. These commitments required larger cash holdings in place held for charitable purposes at December 31, 2018. The Sharp Foundation was also engaged with an outside contractor at the end of 2018 for administration services requiring quarterly cash payments during 2019. | ShortExplanationTxt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| WHITEHALL REAL ESTATE LP XIII | AT COST | $74,234 | $12,930 |
| JP Morgan Strategic Inc Opp Fund | AT COST | ||
| MSILF Treasury Port Inst | AT COST | $2,097,526 | $2,097,526 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL EXPENSES | CategoryTxt |
| Legal Fees | $1,353 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $1,353 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | stock basis differences between fmv and original donor basis | Desc |
| Amt | $1,334,856 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| bank fees | $45 | $45 | $45 | |
| outside contract services | $4,361 | $4,361 | ||
| WHITEHALL RE LP XIII | $5 | $5 | $5 |
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