501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
Run by 75 volunteers.
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
3 of 5
filings with a surplus
Average surplus $3K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$111K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $144K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$496
0.06% 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
$1.7M
+19% vs prior year
Spent
$1.7M
To programs
56%
Net assets
$847K
By yearFY2021–FY2025
Revenue
$1.7M
FY2025▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2021$911K
FY2022$1.3M
FY2023$1.6M
FY2024$1.4M
FY2025$1.7M
Expenses
$1.7M
FY2025▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2021$986K
FY2022$1.3M
FY2023$1.5M
FY2024$1.3M
FY2025$1.7M
Net assets
$847K
FY2025▲ +44%
Tap a bar for its year
Net assets by fiscal year
FY2021$466K
FY2022$483K
FY2023$508K
FY2024$587K
FY2025$847K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2017.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $979K Management & general 44% · $754K

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

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Who runs it and what they're paid

11 people listed on the 990; $111K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$110,642Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
General Manager
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kevin Brown’s $111K as Executive Director is at the 37th percentile of top reported officer pay among 1552 $1–10M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2023
Kevin Brown$110,642—
Heather Hooper—$107,646

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Sharks Foundation 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

Funds tech training for underserved young adults and military veterans to launch digital careers.

Questions for The Sharks Foundation

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Your first name shows with your question. The Sharks Foundation answers here, for everyone.

Provided by the organization

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3 programs · $979K · in their own filed words · FY2024
01

The sharks foundation's community assist grant program provides monetary support to public, 501(c)(3) non-profits serving bay area youth and families. Spanning from september 2024 to june 2025, the program featured key ACTIVATIONS/EVENTS and included support from sharks players, coaches, broadcasters, executives, corporate partners…

$426Kprogram expense
02

During the 2024-25 season, the sharks foundation joined forces with sap to launch the start of their co-created education equity campaign focused on providing opportunities to underserved individuals and preparing college students to enter the workforce.

$345Kprogram expense
03

Since 2014, the goals for kids program has provided season culminating grants to non-profits supporting youth and families. For every goal scored by a sharks player, a $1,000 donation was split amongst seven non-profit beneficiaries: access books bay area, george mark children's hospital, hack the hood, okizu, ronald mcdonald house…

$208Kprogram 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
See all 7 funders →
Grants paid · 88 grants · $4.2M · 2020–2024
Braven IncorporatedIL · FY2024$115,000
Npower INCNY · FY2024$115,000
The Peninsula College FundCA · FY2024$115,000
Sharks Alumni FoundationCA · FY2024$63,433
NarikaCA · FY2024$30,000
Local ColorCA · FY2024$30,000
Bill Wilson CenterCA · FY2024$30,000
Kids & Art FoundationCA · FY2024$30,000
Access Books Bay AreaCA · FY2024$29,715
Scientific AdventuresCA · FY2024$29,715
Save the BayCA · FY2024$29,715
Okizu FoundationCA · FY2024$29,715
George Mark Childrens FundCA · FY2024$29,715
See all 88 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$533K
Investment incomeLn 3$12K
Money outPt IX
$1.7M
Ln 25
Programscol B$979K
Managementcol C$754K
Owns and owesPt X
$847K
net assets · Ln 32
Cash and savingsLn 1–2$848K
Total assetsLn 16$848K
LiabilitiesLn 26$496
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Fundraising eventsLn 1c$93K
Investment incomeLn 3$12K
Other incomeLn 4–11$533K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$848K
Cash and savings togetherLn 1–2$848K
Other assetsLn 15$0
Total assetsLn 16$848K
LiabilitiesLn 26$496
Net assetsLn 32$847K
OperationsPt I, VI
EmployeesI 50
VolunteersI 675
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$871K$848K
Total assetsLn 16$1.6M$848K
LiabilitiesLn 26$968K$496
Net assetsLn 32$587K$847K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$979K$979K
Other salaries and wagesLn 7$512K$512K
Other employee benefitsLn 9$57K$57K
Payroll taxesLn 10$30K$30K
Other expenses (24a–d)Ln 24$153K$153K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$1.7M$979K$754K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.7M$1.7M−$32K$847K 990 PDF
FY2024 $1.4M$1.3M$79K$587K 990 PDF
FY2023 $1.6M$1.5M$25K$508K 990 PDF
FY2022 $1.3M$1.3M$17K$483K 990 PDF
FY2021 $911K$986K−$75K$466K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,701,275 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,035,809$1,155,888
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $235$12,438
I-11 Other revenuePrior year $388,767$532,949
I-12 Total revenuePrior year $1,424,811$1,701,275
I-13 Grants and similar amounts paidPrior year $900,800$979,300
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $361,818$599,314
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $83,111$155,024
I-18 Total expensesPrior year $1,345,729$1,733,638
I-19 Revenue less expensesPrior year $79,082−$32,363
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,701,275 across 6 lines filed
Lines not itemized here account for $455,672 of total revenue; see the IRS return.
VIII-1c Fundraising events$92,728
VIII-1f All other contributions, gifts and grants$1,063,160
VIII-1h Total contributions, gifts and grants$1,155,888
VIII-3 Investment incomeRelated to mission $12,438$12,438
VIII-8 Net income from fundraising eventsExcluded from tax $77,277$77,277
VIII-12 Total revenueRelated to mission $12,438 · Unrelated business $0 · Excluded from tax $532,949$1,701,275
Part IX · Statement of functional expenses $1,733,638 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $979,300$979,300
IX-7 Other salaries and wagesManagement $512,207$512,207
IX-9 Other employee benefitsManagement $56,661$56,661
IX-10 Payroll taxesManagement $30,446$30,446
IX-24 Other expenses (24a–d)Management $153,028$153,028
IX-24e All other expensesManagement $1,996$1,996
IX-25 Total functional expensesPrograms $979,300 · Management $754,338 · Fundraising $0$1,733,638
Part X · Balance sheet $847,966 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $870,591$847,966
X-15 Other assetsStart of year $659,360$0
X-16 Total assetsStart of year $1,554,941$847,966
X-17 Accounts payable and accrued expensesStart of year $959,790$496
X-26 Total liabilitiesStart of year $967,663$496
X-27 Net assets without donor restrictionsStart of year $587,278$847,470
X-32 Total net assets or fund balancesStart of year $587,278$847,470
X-33 Total liabilities and net assetsStart of year $1,554,941$847,966
Part XI · Reconciliation of net assets $847,470 net assets at year end
XI-1 Total revenue$1,701,275
XI-2 Total expenses$1,733,638
XI-3 Revenue less expenses−$32,363
XI-4 Net assets at start of year$587,278
XI-9 Other changes in net assets$292,555
XI-10 Net assets at end of year$847,470

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

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