philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

The Shark Fund FY2021 filing

Tax-deductible

Malibu, CA501(c)(3)Education EIN 55-0824407Revenue $235K in FY2021

On file with the IRSsmmusd.org/domain/68530215 Morning View Dr, 90265-3616 · Malibu, CATax-exempt since Jun 2003Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.0 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
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$235K
Spent
$206K
To programs
92%
Net assets
$171K
By yearFY2021–FY2025
Revenue
$235K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$235K
FY2022$292K
FY2023$335K
FY2024$486K
FY2025$346K
Expenses
$206K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$206K
FY2022$268K
FY2023$316K
FY2024$370K
FY2025$327K
Net assets
$171K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$171K
FY2022$196K
FY2023$215K
FY2024$331K
FY2025$350K

From the FY2021 Form 990 (year ending June 2021) · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

92 cents of each dollar spent went to programs.

Program services 92% · $190K Management & general 8% · $16K Fundraising 0% · $634

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

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Caren Leib
Chairperson
$0Pt VII · Sec A
Marieka Kline
Secretary
$0Pt VII · Sec A
Gina Odian
Treasurer
$0Pt VII · Sec A
Wendy Nickerson
Financial Secretary
$0Pt VII · Sec A
Jennifer Posey
Board Member
$0Pt VII · Sec A
Deedee Cortese
Board Member
$0Pt VII · Sec A
Leslie Button
Board Member
$0Pt VII · Sec A
Melissa Smith
Board Member
$0Pt VII · Sec A
See The Shark Fund executive salaries →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for The Shark Fund

Tap to ask. The Shark Fund sees how many people are interested.

Your first name shows with your question. The Shark Fund answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $190K · in their own filed words · FY2020
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, athletic, parent/teacher/student association and office, as well as the maintenance of its facilities, including filtered water stations…

$190Kprogram expense

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
Richardson Charitable FoundationFY2024$10K
Robert & Joan Blackman Family FoundationFY2024$10K
The Zacchaeus FoundationFY2024$2K
The Northrop Grumman FoundationFY2024$1K
Gsa FoundationFY2024$1K
Total grants receivedfrom 5 funders$25K
See all 5 funders →
Grants paid · 23 grants · $1.5M · 2020–2024
Athletic Booster Club of Malibu High SchoolCA · FY2024$115,000
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
Athletic Booster Club of Malibu High SchoolCA · FY2023$45,000
Malibu High Arts AngelsFY2023$45,000
Athletic Booster Club of Malibu High SchoolCA · FY2023$45,000
Malibu High School PtsaCA · FY2022$105,000
Malibu High School Art AngelsFY2022$95,000
Athletic Booster Club of Malibu High SchoolCA · FY2022$90,000
Athletic Booster Club of Malibu High SchoolCA · FY2021$80,000
Malibu High School Arts AngelesFY2021$75,461
Malibu High School PtsaCA · FY2021$70,000
See all 23 grants →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$235K
Ln 12
Gifts and grantsLn 1h$235K
Money outPt IX
$206K
Ln 25
Programscol B$190K
Managementcol C$16K
Fundraisingcol D$634
Owns and owesPt X
$171K
net assets · Ln 32
Cash and savingsLn 1–2$171K
Total assetsLn 16$171K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$235K
Government grantsLn 1e$2K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$235K
Assets in detailPt X, end of year
CashLn 1$171K
Cash and savings togetherLn 1–2$171K
Total assetsLn 16$171K
LiabilitiesLn 26$0
Net assetsLn 32$171K
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 FY21End FY21
Cash and savingsLn 1–2$143K$171K
Total assetsLn 16$143K$171K
LiabilitiesLn 26$0$0
Net assetsLn 32$143K$171K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$190K$190K
Advertising and promotionLn 12$634$634
Office expensesLn 13$10K$10K
Information technologyLn 14$6K$6K
Total functional expensesLn 25$206K$190K$16K$634

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $235K$206K$29K$171K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $235,014 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $331,795$235,014
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $331,795$235,014
I-13 Grants and similar amounts paidPrior year $287,325$189,899
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $145,562$16,558
I-18 Total expensesPrior year $432,887$206,457
I-19 Revenue less expensesPrior year −$101,092$28,557
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $235,014 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$1,500
VIII-1f All other contributions, gifts and grants$233,514
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$235,014
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$235,014
Part IX · Statement of functional expenses $206,457 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $189,899$189,899
IX-12 Advertising and promotionFundraising $634$634
IX-13 Office expensesManagement $9,934$9,934
IX-14 Information technologyManagement $5,990$5,990
IX-25 Total functional expensesPrograms $189,899 · Management $15,924 · Fundraising $634$206,457
Part X · Balance sheet $171,244 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $142,687$171,244
X-16 Total assetsStart of year $142,687$171,244
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $142,687$156,744
X-28 Net assets with donor restrictionsStart of year $0$14,500
X-32 Total net assets or fund balancesStart of year $142,687$171,244
X-33 Total liabilities and net assetsStart of year $142,687$171,244
Part XI · Reconciliation of net assets $171,244 net assets at year end
XI-1 Total revenue$235,014
XI-2 Total expenses$206,457
XI-3 Revenue less expenses$28,557
XI-4 Net assets at start of year$142,687
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$171,244

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.