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Nonprofiteer
← SHARKS FOUNDATION

Form 990 for tax year 2022

Filed by SHARKS FOUNDATION.

Totals

Total revenue
$1,572,127
Total expenses
$1,547,187
Contributions and grants received
$1,006,321
Grants paid
$1,035,008
Program service revenue
$32,406
Investment income
$152
Other revenue
$533,248
Total assets, end of year
$1,017,347
Total liabilities, end of year
$509,151
Net assets or fund balances, end of year
$508,196
Program services expenses (Part IX)
$1,035,008
Management and general expenses
$512,179
Fundraising expenses
$0
Program service expenses (Part III)
$1,035,008

Program services were 66.9% 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

    $89,982

  • 1f · All other contributions, gifts and grants

    $916,339

  • 2a · Program service revenue: MISCELLANEOUS PROGRAM

    total $32,406 · related or exempt $32,406

  • 3 · Investment income

    total $152 · related or exempt $152

  • 8a · Fundraising events: gross income

    $405,738

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

    $89,982

  • 8b · Fundraising events: direct expenses

    $125,565

  • 8c · Net income from fundraising events

    total $280,173 · excluded $280,173

  • 9a · Gaming: gross income

    $384,327

  • 9b · Gaming: direct expenses

    $241,921

  • 9c · Net income from gaming

    total $142,406 · excluded $142,406

  • 10a · Gross sales of inventory

    $124,599

  • 10b · Cost of goods sold

    $13,930

  • 10c · Net income from sales of inventory

    total $110,669 · excluded $110,669

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,035,008 · program services $1,035,008

  • 7 · Other salaries and wages

    total $338,566 · management and general $338,566

  • 8 · Pension plan contributions

    total $27,106 · management and general $27,106

  • 24a · Other expenses: ACCOUNTING FEES

    total $37,000 · management and general $37,000

  • 24b · Other expenses: EVENT EXPENSE

    total $34,960 · management and general $34,960

  • 24c · Other expenses: CREDIT CARD FEES

    total $28,354 · management and general $28,354

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $12,350 · management and general $12,350

  • 24e · All other expenses

    total $33,843 · management and general $33,843

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $596,057 · end of year $311,729

  • 15 · Other assets

    beginning of year $72,219 · end of year $705,618

  • 17 · Accounts payable and accrued expenses

    beginning of year $185,020 · end of year $509,151

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $483,256 · end of year $508,196

Mission and programs · 2022

Mission

SEE SCHEDULE O

  • COMMUNITY ASSIST GRANTS - THE SHARKS FOUNDATION'S GIVING CAMPAIGN FOCUSED ON A NUMBER OF CAUSES THROUGHOUT 2022-23. SPANNING FROM SEPTEMBER 2022 TO JUNE 2023, THE CAMPAIGN FEATURED KEY ACTIVATIONS AND INCLUDED SUPPORT FROM SHARKS FANS, PLAYERS, COACHES, ALUMNI, BROADCASTERS, EXECUTIVES, CORPORATE PARTNERS, EMPLOYEES, VOLUNTEERS AND S.J. SHARKIES.

    Expenses $719,308 · Grants $719,308 · Revenue $32,406

  • TO BEGIN THE 2022-23 SEASON, THE FOUNDATION AND SAP PARTNERED TO DEDICATE A $175,700 COMMUNITY ASSIST GRANT TO TURNINGWHEELS FOR KIDS WHICH PROVIDED 500 BICYCLES, HELMETS AND BIKE LOCKS TO LOCAL UNDERREPRESENTED YOUTH. 225 VOLUNTEERS FROM THE SHARKS FOUNDATION, SAP AND TURNINGWHEELS FOR KIDS ASSEMBLED THE BIKES AND HELPED DISTRIBUTE THEM TO 15 LOCAL NON-PROFITS AND SCHOOLS.

    Expenses $175,700 · Grants $175,700

  • IN FISCAL YEAR 23, THE FOUNDATION AND SAP PARTNERED ON THE FINAL YEAR OF A MULTI-YEAR COMMITMENT TO NON-PROFIT CITYTEAM TO FUND AND LAUNCH THE ALAMEDA COUNTY MOBILE FOOD PANTRY EXPANSION PROJECT. THE PROJECT, AN EXTENSION OF CITYTEAM'S CURRENT MODEL THAT ESTABLISHES FOOD DISTRIBUTION LOCATIONS IN UNDERSERVED NEIGHBORHOODS THROUGHOUT SANTA CLARA COUNTY, STRATEGICALLY SELECTED 18 DIFFERENT SITES ACROSS ALAMEDA COUNTY TO PROVIDE DISADVANTAGED COMMUNITY MEMBERS WITH FRESH AND ACCESSIBLE GROCERIES ON A BI-MONTHLY BASIS.

    Expenses $140,000 · Grants $140,000

As filed on the 2022 return.

Listed in Part VII

  • Doug Bentz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mary Grace Miller

    SECRETARY

    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

  • Mike McCarroll

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Heather Hooper

    DIRECTOR

    Total calculated
    $114,258
    From this org
    $107,646
    From related orgs
    $0
    Other
    $6,612
    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
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349317762

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.