Totals
- Total revenue
- $691,291
- Total expenses
- $43,570
- Contributions and grants received
- $501,200
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $190,091
- Other revenue
- $0
- Total assets, end of year
- $3,826,848
- Total liabilities, end of year
- $236,412
- Net assets or fund balances, end of year
- $3,590,436
- Program services expenses (Part IX)
- $42,546
- Management and general expenses
- $0
- Fundraising expenses
- $1,024
- Program service expenses (Part III)
- $42,546
Program services were 97.6% 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.
-
1d · Related organizations
$500,000
-
1f · All other contributions, gifts and grants
$1,200
-
3 · Investment income
total $190,091 · excluded $190,091
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $35,700 · program services $35,700
-
10 · Payroll taxes
total $6,696 · program services $6,696
-
11g · Fees: other
total $1,024 · fundraising $1,024
-
24a · Other expenses: BANK FEES
total $150 · program services $150
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,135,705 · end of year $3,826,848
-
17 · Accounts payable and accrued expenses
beginning of year $192,990 · end of year $236,412
-
27 · Net assets without donor restrictions
beginning of year $2,942,715 · end of year $3,590,436
Mission and programs · 2024
Mission
THE SHARON FOUNDATION EXISTS SOLELY FOR THE BENEFIT OF THE PRESBYTERIAN HOME AT CHARLOTTE, INC. (D/B/A THE SHARON AT SOUTHPARK) AND ITS RESIDENTS.
Activities or mission (Part I)
PROVISION OF GOODS, SERVICES, AND FUNDS TO THE SHARON AT SOUTHPARK AND ITS RESIDENTS.
-
THE SHARON FOUNDATION WAS ESTABLISHED AS A SUPPORTING ORGANIZATION THAT SUPPORTS THE MISSION OF THE PRESBYTERIAN HOME AT CHARLOTTE, INC. (THE SHARON AT SOUTHPARK) BY FURTHERING ITS FINANCIAL ASSISTANCE AND FUNDRAISING GOALS.
Expenses $42,546
As filed on the 2024 return.
Listed in Part VII
-
Ned McConnellNED MCCONNELL
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Vincent PrattVINCENT PRATT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly GravesKELLY GRAVES
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Katherine RichardsKATHERINE RICHARDS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Timothy IgnasherTIMOTHY IGNASHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angela RigsbeeANGELA RIGSBEE
PRESIDENT & CEO
- Total calculated
- $320,447
- From this org
- $0
- From related orgs
- $286,390
- Other
- $34,057
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $253,647 related
- Bonus
- $0 + $30,000 related
- Other
- $0 + $2,743 related
- Deferred
- $0 + $9,548 related
- Nontaxable benefits
- $0 + $24,509 related
- Filer's total
- $0 + $320,447 related
-
Charles GaskinsCHARLES GASKINS
CFO
- Total calculated
- $293,684
- From this org
- $0
- From related orgs
- $251,746
- Other
- $41,938
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $214,783 related
- Bonus
- $0 + $26,600 related
- Other
- $0 + $10,363 related
- Deferred
- $0 + $8,602 related
- Nontaxable benefits
- $0 + $33,336 related
- Filer's total
- $0 + $293,684 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 5b · Pay contingent on a related organization's revenues
- 6b · Pay contingent on a related organization's net earnings
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF THE SHARON AT SOUTHPARK, A RELATED TAX-EXEMPT ORGANIZATION, SERVES AS THE COMPENSATION COMMITTEE. IN 2024 THE ORGANIZATION HAD AN EXTERNAL COMPENSATION REVIEW. THE COMMITTEE WAS GIVEN THIS WAGE AND SALARY SURVEY CONDUCTED BY AN INDEPENDENT SALARY CONSULTANT. THE DATA INCLUDED MULTIPLE SALARY SURVEYS INCLUDING CCRC'S AS WELL AS SIMILAR & COMPETING ORGANIZATIONS. THESE DATA WERE USED IN CONFIRMING THE 2024 SALARY AND ADJUSTMENTS WERE MADE IN 2025. CEO COMPENSATION IS DOCUMENTED AND PLACED IN THE CEO'S FILE HELD BY THE BOARD CHAIR. A COPY IS ALSO KEPT IN THE SHARON'S RECORDS..
- PART I, LINE 5
- CEO, CFO, & VP'S HAD CERTAIN TARGETS TO ATTAIN INCLUDING "INCOME AVAILABLE FOR DEBT SERVICE" COMPARED TO FORECASTED FIGURES TO EARN A PORTION OF THEIR BONUS.
- PART I, LINE 6
- CEO, CFO, & VP'S HAD CERTAIN TARGETS TO ATTAIN INCLUDING "INCOME AVAILABLE FOR DEBT SERVICE" COMPARED TO FORECASTED FIGURES TO EARN A PORTION OF THEIR BONUS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
PRESBYTERIAN HOME AT CHARLOTTE INC
501(C)(3) · RETIREMENT COMMUNITY · NC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513179349302921
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