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Sharp Foundation EIN 51-6015093

Sharp Foundation FY2024 filing

EIN  51-6015093 Private foundation / grantmaker Wilmington, DE
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Wilmington, DE. It reported about $201K in revenue for 2024.
Leadership
H Rodney Sharp III · President, Trustee
Money in and out
$201K revenue, $198K expenses
Bottom line
—

A private foundation based in Wilmington, DE. It reported about $201K in revenue for 2024. For fiscal year 2024 it reported $201K in revenue, $198K in expenses, and $3.3M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$198K
Pt IX · Ln 25
Net assets
$3.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4K
Total assets
3.3M
deployed as grants and operations
Grants paid
161K
in FY2024
Grants made
61grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 61 grants · $145K · 2025–2025
Historic Odessa FoundationDE · FY2025$15,000
Boca Grande Health Clinic Foundation INCFL · FY2025$10,500
The Island SchoolFY2025$10,000
Irvine Natural Science Center INCMD · FY2025$10,000
Friends of Boca GrandeFY2025$10,000
Community Education Building CorpDE · FY2025$10,000
St Georges SchoolFY2025$8,500
Tower HillFY2025$5,250
The Voyage FoundationFY2025$5,000
Synergy HousesFY2025$5,000
Sicangu Community Development CorporationSD · FY2025$5,000
North Carolina Veterinary Medical Foundation INCNC · FY2025$5,000
Caring Hearts for CaninesNC · FY2025$3,500
Stroud Water Research Center INCPA · FY2025$3,000
Delaware Wild Lands INC 350DE · FY2025$2,250
Johann Fust Library Foundation INCFL · FY2025$2,000
KvfdFY2025$2,000
Historical Society of Boca GrandeFY2025$2,000
See all 61 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV32
Average grantPart XV$2K
Median grantPart XV$1K
Largest grantPart XV$15K
Top cause focusNTEEEducation (10%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$201K
FY2024▼ -80%
Expenses
$198K
FY2024▼ -68%
Total assets
$3.3M
FY20240%
Total liabilities
$0
FY2024
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$198K
Pt IX · Ln 25
Net assets
$3.3M
Pt X · Ln 32
Total assetsPt II$3.3M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSharp Foundation
EINHdr · item D51-6015093
Principal addressHdr · item CWilmington, DE
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MDE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 1949

Governance & Policies

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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2024 filing did not itemize Part VII
H Rodney Sharp III
President, Trustee
$0Pt VII · Sec A
H Donnan Sharp
Vice President, Trustee
$0Pt VII · Sec A
William M W Sharp
Treasurer, Trustee
$0Pt VII · Sec A
See Sharp Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$201K
Total revenueLn 12$201K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.81 Operating & administrative $0.19
Grants & contributions paid81%$161K
Operating & administrative19%$37K
Total functional expensesLn 25$198K

Balance Sheet

Part X · end of year
CashLn 1$357K
Total assetsLn 16$3.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.3M
Months of cash on handcomputed21.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $3.3M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $201K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $201K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $201K · Prior year $1.0M
-80%
Revenue CAGR
FY2020 $48K · FY2024 $201K
+43%
Net-asset trend (YoY)
End of year $3.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $201K · Expenses $198K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $3.3M
—
Net-asset ratio
Net assets $3.3M · Total assets $3.3M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $198K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -80%——

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.

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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)$305K revenue · ⤓ 990 PDF
FY2024$201K revenue · viewing · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$855K revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$48K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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