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Nonprofiteer
← Shark Shootout Charities Inc

Form 990 for tax year 2022

Filed by Shark Shootout Charities Inc.

Totals

Total revenue
$3,626,316
Total expenses
$3,670,018
Contributions and grants received
$6,924,020
Grants paid
$1,005,308
Program service revenue
$0
Investment income
$1,976
Other revenue
-$3,299,680
Total assets, end of year
$2,164,741
Total liabilities, end of year
$1,882,327
Net assets or fund balances, end of year
$282,414
Program services expenses (Part IX)
$2,657,981
Management and general expenses
$80,507
Fundraising expenses
$931,530
Program service expenses (Part III)
$2,657,981

Program services were 72.4% 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

    $6,924,020

  • 3 · Investment income

    total $1,976 · related or exempt $1,976

  • 8a · Fundraising events: gross income

    $1,295,895

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

    $6,924,020

  • 8b · Fundraising events: direct expenses

    $4,595,575

  • 8c · Net income from fundraising events

    total -$3,299,680 · unrelated business -$3,299,680

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,005,308 · program services $1,005,308

  • 11a · Fees: management

    total $875,000 · program services $875,000

  • 11c · Fees: accounting

    total $7,200 · program services $7,200

  • 11g · Fees: other

    total $931,530 · fundraising $931,530

  • 12 · Advertising and promotion

    total $79,007 · program services $79,007

  • 13 · Office expenses

    total $12,063 · management and general $12,063

  • 14 · Information technology

    total $22,055 · management and general $22,055

  • 16 · Occupancy

    total $46,389 · management and general $46,389

  • 17 · Travel

    total $43,509 · program services $43,509

  • 23 · Insurance

    total $7,088 · program services $7,088

  • 24a · Other expenses: INDEPENDENT CONTRACTORS

    total $640,869 · program services $640,869

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,483,388 · end of year $144,720

  • 4 · Accounts receivable

    beginning of year $1,508,251 · end of year $2,007,397

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,395 · end of year $12,624

  • 15 · Other assets

    beginning of year $18,138

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,679,197 · end of year $1,834,828

  • 25 · Other liabilities

    beginning of year $13,859 · end of year $47,499

  • 31 · Retained earnings, endowment or other funds

    beginning of year $326,116 · end of year $282,414

Mission and programs · 2022

Mission

TO DISTRIBUTE REVENUE RECEIVED FROM THE PRODUCTION OF GOLF EVENTS TO CHARITABLE ORGANIZATIONS.

  • DISTRIBUTION OF REVENUE RECEIVED FROM THE PRODUCTION OF GOLF EVENTS TO VARIOUS CHARITABLE ORGANIZATIONS

  • DISTRIBUTION OF REVENUE RECEIVED FROM THE PRODUCTION OF GOLF EVENTS TO VARIOUS CHARITABLE ORGANIZATIONS

    Expenses $2,657,981 · Grants $1,005,308

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gregory J Norman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Stuart Grossman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe D Jamos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bret Baier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Filon

    DIRECTOR

    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
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202343159349301619

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

The source document this was parsed from is served over the API, which is where bulk and document access live.