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SHARP FOUNDATION: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
SHARP FOUNDATION (EIN 54-1526891)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-02-16
IRS object ID
202600479349100035
Schema version
2025v4.0
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)
Return2026-02-16T14:52:05-08:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

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
Signature2026-02-16SignatureDt
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,098,384FMVAssetsEOYAmt
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$1,082InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,082InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$74,940DividendsRevAndExpnssAmt
Dividends Net Invst Incm$74,940DividendsNetInvstIncmAmt
Total Rev And Expnss$76,022TotalRevAndExpnssAmt
Total Net Invst Incm$76,022TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$100LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$100LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$132AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$132AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$14,324OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$14,324OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$14,556TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$14,556TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,183,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,183,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,197,556TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,197,556TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,121,534ExcessRevenueOverExpensesAmt
Net Investment Income$76,022NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$2,219,918SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,098,384SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,098,384SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$2,219,918TotalAssetsBOYAmt
Total Assets EOY$1,098,384TotalAssetsEOYAmt
Total Assets EOYFMV$1,098,384TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$2,219,918CapitalStockBOYAmt
Capital Stock EOY$1,098,384CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$2,219,918TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,098,384TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,219,918TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,098,384TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,219,918TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,121,534ExcessRevenueOverExpensesAmt
Subtotal$1,098,384SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,098,384TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,057InvestmentIncomeExciseTaxAmt
Subtotal$1,057SubtotalAmt
Tax Based On Investment Income$1,057TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$11,222EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$11,222TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Overpayment$10,165OverpaymentAmt
Applied To ES Tax$10,165AppliedToESTaxAmt

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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Sherry A Sharp
900 LASKIN ROAD STE 200VIRGINIA BEACHVA23451President1.00$0
James P Karides
900 LASKIN ROAD STE 200VIRGINIA BEACHVA23451Secty/Treas1.00$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$1,933,033AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,933,033TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,933,033AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$28,995CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,904,038NetVlNoncharitableAssetsAmt
Minimum Investment Return$95,202MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$95,202MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,057TaxBasedOnInvestmentIncomeAmt
Total Tax$1,057TotalTaxAmt
Distributable Before Adj$94,145DistributableBeforeAdjAmt
Distributable Before Ded$94,145DistributableBeforeDedAmt
Distributable As Adjusted$94,145DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,197,556ExpensesAndContributionsAmt
Qualifying Distributions$1,197,556QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$94,145DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,467,416ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,518,441ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,467,224ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,599,906ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,317,597ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$7,370,584TotalExcessDistributionCyovAmt
Qualifying Distributions$1,197,556QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$94,145AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,103,411RemainingDistriFromCorpusAmt
Total Corpus$8,473,995TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,467,416ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$7,006,579ExcessDistriCyovToNextYrAmt
Excess From Year4$1,518,441ExcessFromYear4Amt
Excess From Year3$1,467,224ExcessFromYear3Amt
Excess From Year2$1,599,906ExcessFromYear2Amt
Excess From Year1$1,317,597ExcessFromYear1Amt
Excess From Current Year$1,103,411ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSherry A SharpContributingManagerNm
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
CityVARIOUSCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23451ZIPCd
FieldValueIRS element (for citing)
Recipient Relationshipn/aRecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusCd
Grant Or Contribution PurposeSee AttachedGrantOrContributionPurposeTxt
Amt$1,183,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,183,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,082ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$74,940ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$76,022ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$76,022TotalIncomeProducingActyAmt

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)
CategoryTAX PREPARATIONCategoryTxt
Amt$132Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$132DisbursementsCharitablePrpsAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$100LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$100DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
administrative services$13,450$13,450
LICENSES AND REGISTRATIONS$874$874

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