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Rick Sharp Alz Foundation EIN 46-4438822

Rick Sharp Alz Foundation

EIN  46-4438822 Public charity (501(c)(3)) Virginia Beach, VA Founded 2013
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Size
$100K–1M
What they do
Inspires collaboration to fund research and end Alzheimer's disease.
Leadership
Sherry a Sharp · President
Money in and out
$637K revenue, $686K expenses
Bottom line
78% program efficiency

Inspires collaboration to fund research and end Alzheimer's disease. For fiscal year 2025 it reported $637K in revenue, $686K in expenses, and $801K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$637K
Pt VIII · Ln 12
Total expenses
$686K
Pt IX · Ln 25
Net assets
$801K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$49K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.10 Fundraising $0.12
Program efficiency
78%
of spending reaches programs▲ +10% vs prior filing year
Operating runway
22.5mo
months of highly liquid reserves at operating expense rate▼ -9% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▲ +55% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$637K
FY2025▲ +31%
Expenses
$686K
FY2025▲ +21%
Total assets
$816K
FY2025▼ -26%
Total liabilities
$14K
FY2025▲ +248%
Total revenue
$637K
Pt VIII · Ln 12
Total expenses
$686K
Pt IX · Ln 25
Net assets
$801K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$49K
Total assetsPt X · Ln 16$816K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $533K of program spending, described in the organization's own filed words · FY2025.
01

To raise funds to promote Alzheimer's research and Alzheimer's disease awareness

$533Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRick Sharp Alz Foundation
EINHdr · item D46-4438822
Principal addressHdr · item CVirginia Beach, VA
WebsiteHdr · item Jwww.ricksharpalz.org
Year of formationHdr · item L2013
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G83)
Ruling yearIRS BMFMay 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rick Sharp Alz Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$419K · 66%
Investment income$286K · 45%
Contributions & grants66%$419K
Investment income45%$286K
Total revenueLn 12$637K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.10 Fundraising $0.12
Program services78%$533K
Management & general10%$71K
Fundraising12%$82K
Total functional expensesLn 25$686K

Balance Sheet

Part X · end of year
CashLn 1$812K
Total assetsLn 16$816K
Total liabilitiesLn 26$14K
Total net assetsLn 32$801K
Months of cash on handcomputed14.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $812K · Operating expenses (Pt IX) $686K · Less non-cash grants $254K · Cash operating expenses/yr $432K
22.5 months
Where the money goes
Program services
Program services $533K · Total expenses $686K
78%
Management & General
Management & general $71K · Total expenses $686K
10%
Fundraising
Fundraising $82K · Total expenses $686K
12%
Cost to raise $1
Fundraising expense (3-yr avg) $93K · Solicited contributions (3-yr avg) $438K
$0.21 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $419K · Total revenue $637K
66%
Government reliance
Government grants — · Total revenue $637K
—
Earned-income share
Program service revenue $0 · Total revenue $637K
0%
Investment reliance
Investment income $286K · Total revenue $637K
+45%
Program self-sufficiency
Program service revenue $0 · Total expenses $686K
0%
Growth & trend
Revenue growth (YoY)
This year $637K · Prior year $485K
+31%
Revenue CAGR
FY2020 $858K · FY2025 $637K
-6%
Net-asset trend (YoY)
End of year $801K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $637K · Expenses $686K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $816K
—
Net-asset ratio
Net assets $801K · Total assets $816K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $816K
0%
People & payroll
Highest Reported Total Compensation
Individual Sherry a Sharp · Reported title President · Highest reported compensation $0 · Total expenses $686K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $686K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%——
Overhead ratio 10%——
Fundraising cost ratio 20%——
Revenue growth 31%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
The Community Foundation INCFY2024$21K
Donor Advised Charitable Giving INCFY2024$6K
Vanguard Charitable Endowment ProgramFY2024$6K
Commonwealth FoundationsFY2024$2K
Total grants receivedfrom 4 funders$35K
See all 4 funders →
Grants paid · 18 grants · $2.5M · 2020–2025
Alzheimer's Disease Research FoundationMA · FY2025$333,334
Rector & Visitors of the University of VirginiaVA · FY2025$100,000
Johns Hopkins UniversityMD · FY2025$100,000
Alzheimer's Disease Research FoundationMA · FY2024$200,000
Rector & Visitors of the University of VirginiaVA · FY2024$100,000
Johns Hopkins UniversityMD · FY2024$100,000
Cure Alzheimers FundMA · FY2023$172,500
Rector & Visitors of the University of VirginiaVA · FY2023$146,010
Johns Hopkins UniversityMD · FY2023$100,000
Rector & Visitors of the University of VirginiaVA · FY2022$201,000
Johns Hopkins UniversityMD · FY2022$150,000
Cure Alzheimers FundMA · FY2022$100,000
Cure Alzheimers FundMA · FY2021$172,500
Johns Hopkins UniversityMD · FY2021$150,000
Rector & Visitors of the University of VirginiaVA · FY2021$100,000
Cure Alzheimers Fund DBAMA · FY2020$125,000
Rector & Visitors of the University of VirginiaVA · FY2020$100,000
Johns Hopkins UniversityMD · FY2020$50,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$637K revenue · viewing · ⤓ 990 PDF
FY2024$485K revenue · ⤓ 990 PDF
FY2023$532K revenue · ⤓ 990 PDF
FY2022$889K revenue · ⤓ 990 PDF
FY2021$702K revenue · ⤓ 990 PDF
FY2020$858K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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