The Shark Fund

Tax-deductible

Malibu, CA501(c)(3)EducationEIN 55-0824407

The Shark Fund's mission is to make Malibu High School and Malibu Middle School among the finest in the nation.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $41K a year · 12% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $25K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$346K
-29% vs prior year
Spent
$327K
To programs
85%
Net assets
$350K
By yearFY2021–FY2025
Revenue
$346K
FY2025▼ -29%
Revenue by fiscal year
FY2021$235K
FY2022$292K
FY2023$335K
FY2024$486K
FY2025$346K
Expenses
$327K
FY2025▼ -12%
Expenses by fiscal year
FY2021$206K
FY2022$268K
FY2023$316K
FY2024$370K
FY2025$327K
Net assets
$350K
FY2025▲ +6%
Net assets by fiscal year
FY2021$171K
FY2022$196K
FY2023$215K
FY2024$331K
FY2025$350K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $278K Management & general 2% · $7K Fundraising 13% · $42K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Resource Committee
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
Financial Secretary
$0Pt VII · Sec A
See The Shark Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves Malibu Middle and High Schools to national excellence.

Provided by the organization

This section is blank until The Shark Fund claims this page.

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1 program service account for $278K of program spending, described in the organization's own filed words · FY2024.
01

Through grants and direct expenditures on behalf of Malibu High School and Malibu Middle School, the organization helped to fund the operations of those schools' various departments, special programs, athletics, Arts, parent/teacher/student association and office, as well as the maintenance of its facilities, including filtered water…

$278Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 23 grants · $1.5M · 2020–2024
Malibu High PtsaCA · FY2024$72,064
Arts AngelsCA · FY2024$35,000
Malibu Education FoundationCA · FY2024$5,541
Malibu High PtsaCA · FY2023$124,750
Malibu High PtsaCA · FY2023$124,750
Malibu High SchoolFY2023$56,071
Malibu High SchoolFY2023$56,071
Malibu High Arts AngelsFY2023$45,000
Malibu High Arts AngelsFY2023$45,000
Malibu High School PtsaCA · FY2022$105,000
Malibu High School Art AngelsFY2022$95,000
Malibu High School Arts AngelesFY2021$75,461
Malibu High School PtsaCA · FY2021$70,000
See all 23 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$346K
Ln 12
Gifts and grantsLn 1h$338K
Investment incomeLn 3$8K
Money outPt IX
$327K
Ln 25
Programscol B$278K
Managementcol C$7K
Fundraisingcol D$42K
Owns and owesPt X
$350K
net assets · Ln 32
Cash and savingsLn 1–2$350K
Total assetsLn 16$350K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$338K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$338K
Investment incomeLn 3$8K
Total revenueLn 12$346K
Assets in detailPt X, end of year
CashLn 1$350K
Cash and savings togetherLn 1–2$350K
Total assetsLn 16$350K
LiabilitiesLn 26$0
Net assetsLn 32$350K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$331K$350K
Total assetsLn 16$331K$350K
LiabilitiesLn 26$0$0
Net assetsLn 32$331K$350K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$278K$278K
Accounting feesLn 11c$5K$5K
Professional fundraising feesLn 11e$0
Advertising and promotionLn 12$3K$3K
Information technologyLn 14$348$348
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$40K$0$0$40K
Total functional expensesLn 25$327K$278K$7K$42K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $346K$327K$19K$350K 990 PDF
FY2024 $486K$370K$116K$331K 990 PDF
FY2023 $335K$316K$19K$215K 990 PDF
FY2022 $292K$268K$24K$196K 990 PDF
FY2021 $235K$206K$29K$171K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $345,935 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$337,810
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$337,810
VIII-3 Investment incomeRelated to mission $8,125 · Unrelated business $0 · Excluded from tax $0$8,125
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $8,125 · Unrelated business $0 · Excluded from tax $0$345,935
Part IX · Statement of functional expenses $326,715 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $277,785$277,785
IX-11c Accounting feesManagement $4,861$4,861
IX-11e Professional fundraising fees$0
IX-12 Advertising and promotionFundraising $2,653$2,653
IX-14 Information technologyManagement $348$348
IX-23 InsuranceManagement $1,449$1,449
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $39,619$39,619
IX-25 Total functional expensesPrograms $277,785 · Management $6,658 · Fundraising $42,272$326,715
Part X · Balance sheet $349,890 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $330,670$349,890
X-16 Total assetsStart of year $330,670$349,890
X-17 Accounts payable and accrued expensesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $330,670$349,890
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $330,670$349,890
X-33 Total liabilities and net assetsStart of year $330,670$349,890
Part XI · Reconciliation of net assets $349,890 net assets at year end
XI-1 Total revenue$345,935
XI-2 Total expenses$326,715
XI-3 Revenue less expenses$19,220
XI-4 Net assets at start of year$330,670
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$349,890

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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