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Nonprofiteer
← CATHERINE D SHARPE CHARITABLE TRUST

Form 990 for tax year 2023

Filed by CATHERINE D SHARPE CHARITABLE TRUST.

Totals

Total revenue
$2,317,613
Total expenses
$1,730,705
Contributions and grants received
$0
Grants paid
$1,332,757
Program service revenue
$0
Investment income
$2,317,613
Other revenue
$0
Total assets, end of year
$32,974,322
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$32,974,322
Program services expenses (Part IX)
$1,332,757
Management and general expenses
$397,948
Fundraising expenses
$0
Program service expenses (Part III)
$1,332,758

Program services were 77.0% 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.

  • 3 · Investment income

    total $999,377 · excluded $999,377

  • 7a · Gross sales of assets other than inventory

    securities $7,905,261

  • 7b · Less cost or other basis and sales expenses

    securities $6,587,025

  • 7c · Gain or loss

    securities $1,318,236

  • 7d · Net gain or loss

    total $1,318,236 · related or exempt $1,318,236

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,332,757 · program services $1,332,757

  • 5 · Compensation of officers, directors and key employees

    total $185,257 · management and general $185,257

  • 11f · Fees: investment management

    total $185,257 · management and general $185,257

  • 24e · All other expenses

    total $27,434 · management and general $27,434

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,718,348 · end of year $1,455,701

  • 11 · Investments: publicly traded securities

    beginning of year $27,339,763 · end of year $29,818,621

  • 12 · Investments: other securities

    beginning of year $1,700,000 · end of year $1,700,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $23,169,312 · end of year $23,169,312

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,588,799 · end of year $9,805,010

Mission and programs · 2023

Mission

SUPPORTING ORGANIZATION OF DESIGNATED 501(C)(3) ORGANIZATIONS.

  • PENNSYLVANIA HOSPITAL, DEPARTMENT OF NEUROSURGERY PROVIDES PRIMARY SUPPORT FOR RESEARCH FOR THE SHARPE SPINE BIOMECHANICS LABORATORY. PENNSYLVANIA HOSPITAL FOR THE DEPARTMENT OF MENTAL AND NERVOUS DISEASES. THE TRUST SUGGESTS THAT, TO THE EXTENT THE NEED EXISTS FROM YEAR TO YEAR TO PROVIDE PART OR ALL OF THE COST OF CARE FOR PATIENTS WHO OTHERWISE WOULD BE UNABLE TO AFFORD SUCH CARE, THE FUNDS BE USED FOR SUCH SPECIALIZED CARE. ANY INCOME NOT SO EXPENDED MAY BE APPLIED TO THE GENERAL NEEDS OF THE DEPARTMENT. EXPENSES 358,207.64 INCLUDING GRANTS OF 358,207.64 REVENUE 0.

    Expenses $358,208 · Grants $358,208

  • PRINCETON UNIVERSITY SCHOLARSHIP AID

    Expenses $199,908 · Grants $199,908

  • THE WHARTON SCHOOL OF THE UNIVERSITY OF PENNSYLVANIA FOR SCHOLARSHIP AID TO CANDIDATES FROM SOUTHEASTERN PENNSYLVANIA UNDER THE SHARPE SCHOLARSHIP PROGRAM FOR SHARPE SCHOLARS.

    Expenses $199,908 · Grants $199,908

  • Expenses $574,734 · Grants $574,734

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Haverford Trust Company

    INSTITUTIONAL TRUSTEE

    Total calculated
    $185,257
    From this org
    $185,257
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403189349302435

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.