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Nonprofiteer
← SHARKS FOUNDATION

Form 990 for tax year 2024

Filed by SHARKS FOUNDATION.

Totals

Total revenue
$1,701,275
Total expenses
$1,733,638
Contributions and grants received
$1,155,888
Grants paid
$979,300
Program service revenue
$0
Investment income
$12,438
Other revenue
$532,949
Total assets, end of year
$847,966
Total liabilities, end of year
$496
Net assets or fund balances, end of year
$847,470
Program services expenses (Part IX)
$979,300
Management and general expenses
$754,338
Fundraising expenses
$0
Program service expenses (Part III)
$979,300

Program services were 56.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $92,728

  • 1f · All other contributions, gifts and grants

    $1,063,160

  • 3 · Investment income

    total $12,438 · related or exempt $12,438

  • 8a · Fundraising events: gross income

    $84,638

  • 8a · Fundraising events: contributions included on line 1c

    $92,728

  • 8b · Fundraising events: direct expenses

    $7,361

  • 8c · Net income from fundraising events

    total $77,277 · excluded $77,277

  • 9a · Gaming: gross income

    $462,850

  • 9b · Gaming: direct expenses

    $364,243

  • 9c · Net income from gaming

    total $98,607 · excluded $98,607

  • 10a · Gross sales of inventory

    $392,896

  • 10b · Cost of goods sold

    $35,831

  • 10c · Net income from sales of inventory

    total $357,065 · excluded $357,065

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $979,300 · program services $979,300

  • 7 · Other salaries and wages

    total $512,207 · management and general $512,207

  • 9 · Other employee benefits

    total $56,661 · management and general $56,661

  • 10 · Payroll taxes

    total $30,446 · management and general $30,446

  • 24a · Other expenses: PROGRAM EXPENSES

    total $82,611 · management and general $82,611

  • 24b · Other expenses: EVENT EXPENSES

    total $50,892 · management and general $50,892

  • 24c · Other expenses: CREDIT CARD FEES

    total $12,002 · management and general $12,002

  • 24d · Other expenses: POSTAGE

    total $7,523 · management and general $7,523

  • 24e · All other expenses

    total $1,996 · management and general $1,996

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $870,591 · end of year $847,966

  • 4 · Accounts receivable

    beginning of year $24,990

  • 15 · Other assets

    beginning of year $659,360 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $959,790 · end of year $496

  • 19 · Deferred revenue

    beginning of year $7,873

  • 27 · Net assets without donor restrictions

    beginning of year $587,278 · end of year $847,470

Mission and programs · 2024

Mission

SEE SCHEDULE O

  • THE SHARKS FOUNDATION'S COMMUNITY ASSIST GRANT PROGRAM PROVIDES MONETARY SUPPORT TO PUBLIC, 501(C)(3) NON-PROFITS SERVING BAY AREA YOUTH AND FAMILIES. SPANNING FROM SEPTEMBER 2024 TO JUNE 2025, THE PROGRAM FEATURED KEY ACTIVATIONS/EVENTS AND INCLUDED SUPPORT FROM SHARKS PLAYERS, COACHES, BROADCASTERS, EXECUTIVES, CORPORATE PARTNERS, EMPLOYEES, AND VOLUNTEERS. THROUGHOUT THE SEASON GRANTS WERE ALSO PROVIDED TO NONPROFITS TO ALIGN WITH NHL INITIATIVES SUCH AS HOCKEY FIGHTS CANCER, TO SUPPLY EMERGENCY AID, AND DONATIONS THAT WERE GENERATED FROM SHARKS FOUNDATION FUNDRAISING EFFORTS. GRANTS RANGED FROM $3,000-$56,000.

    Expenses $426,295 · Grants $426,295

  • DURING THE 2024-25 SEASON, THE SHARKS FOUNDATION JOINED FORCES WITH SAP TO LAUNCH THE START OF THEIR CO-CREATED EDUCATION EQUITY CAMPAIGN FOCUSED ON PROVIDING OPPORTUNITIES TO UNDERSERVED INDIVIDUALS AND PREPARING COLLEGE STUDENTS TO ENTER THE WORKFORCE. IN THE INAUGURAL YEAR OF THE CAMPAIGN, THE SHARKS FOUNDATION AND SAP PROVIDED THREE $115,000 GRANTS TO NON-PROFITS NPOWER, THE PENINSULA COLLEGE FUND, AND BRAVEN, TO ASSIST 700+ LOCAL FIRST-GENERATION COLLEGE STUDENTS, MILITARY VETERANS, AND/OR BIPOC INDIVIDUALS ALL TRYING TO FURTHER THEIR EDUCATION OR SECURE STRONG FIRST JOBS.

    Expenses $345,000 · Grants $345,000

  • SINCE 2014, THE GOALS FOR KIDS PROGRAM HAS PROVIDED SEASON CULMINATING GRANTS TO NON-PROFITS SUPPORTING YOUTH AND FAMILIES. FOR EVERY GOAL SCORED BY A SHARKS PLAYER, A $1,000 DONATION WAS SPLIT AMONGST SEVEN NON-PROFIT BENEFICIARIES: ACCESS BOOKS BAY AREA, GEORGE MARK CHILDREN'S HOSPITAL, HACK THE HOOD, OKIZU, RONALD MCDONALD HOUSE CHARITIES BAY AREA, SCIENTIFIC ADVENTURES FOR GIRLS, AND SAVE THE BAY. THE 2024-25 PROGRAM PROVIDED EACH ORGANIZATION WITH A $29,715 DONATION.

    Expenses $208,005 · Grants $208,005

As filed on the 2024 return.

Listed in Part VII

  • DOUG BENTZ

    SENIOR VICE PRESIDENT, CHIEF MARKETING OFFICER

    Total calculated
    $0
    Hours/week
    1

  • DAN RUSANOWKSY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES HAMNETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NEDA TEBATABAIE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ERIN TUCCI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GLENN MARTIN

    GENERAL MANAGER

    Total calculated
    $0
    Hours/week
    1

  • ALLISON COVEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRANDON WEISS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEVIN BROWN

    EXECUTIVE DIRECTOR

    Total calculated
    $117,496
    From this org
    $110,642
    From related orgs
    $0
    Other
    $6,854
    Hours/week
    1

  • GREG MATTHEWS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    1

  • MALIA BATES

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611349349313511

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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