The Shark Fund

Malibu, CA · Public charity (501(c)(3)) · Education

✓ Tax-deductible
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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CThe Shark Fund
EINHdr · item D55-0824407
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 2003
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CMalibu, CA
NTEE classificationIRS BMFEducation (B112)
WebsiteHdr · item Jwww.smmusd.org/domain/685

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.02 Fundraising $0.13
Program services85%$278K
Management & general2%$7K
Fundraising13%$42K
Total functional expensesLn 25$327K

Financial health

Is it on solid ground?

Program efficiency
85%
of spending reaches programs▲ +19% vs prior filing year
Operating runway
12.9mo
months of highly liquid reserves at operating expense rate▲ +25% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▼ -77% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$350K
FY2025▲ +6%
Total assets by fiscal year
FY2021$171K
FY2022$196K
FY2023$215K
FY2024$331K
FY2025$350K
Total liabilities
$0
FY2025
Total liabilities by fiscal year
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$19K
Total assetsPt X · Ln 16$350K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$350K
Total assetsLn 16$350K
Total liabilitiesLn 26$0
Total net assetsLn 32$350K
Months of cash on handcomputed12.9

Statement of Revenue

Part VIII
Contributions & grants$338K · 98%
Investment income$8K · 2%
Contributions & grants98%$338K
Investment income2%$8K
Total revenueLn 12$346K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $350K · Operating expenses/yr $327K
12.9 months
Where the money goes
Program services
Program services $278K · Total expenses $327K
85%
Management & General
Management & general $7K · Total expenses $327K
2%
Fundraising
Fundraising $42K · Total expenses $327K
13%
Cost to raise $1
Fundraising expense (3-yr avg) $43K · Solicited contributions (3-yr avg) $383K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $338K · Total revenue $346K
98%
Government reliance
Government grants $0 · Total revenue $346K
0%
Earned-income share
Program service revenue $0 · Total revenue $346K
0%
Investment reliance
Investment income $8K · Total revenue $346K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $327K
0%
Growth & trend
Revenue growth (YoY)
This year $346K · Prior year $486K
-29%
Revenue CAGR
FY2020 $235K · FY2024 $346K
+10%
Net-asset trend (YoY)
End of year $350K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $346K · Expenses $327K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $350K
—
Net-asset ratio
Net assets $350K · Total assets $350K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $350K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Karen Mihkels Al-Harden · Reported title Chairperson · Highest reported compensation $0 · Total expenses $327K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $327K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%——
Overhead ratio 2%——
Fundraising cost ratio 13%——
Revenue growth -29%——
Accounting fee ratio 1%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

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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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

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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Mission & Programs · Part III

Where the work happens

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 →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $346K$327K-29% 990 PDF
FY2024 $486K$370K+45% 990 PDF
FY2023 $335K$316K+14% 990 PDF
FY2022 $292K$268K+24% 990 PDF
FY2021 $235K$206K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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