The Sharks Foundation EIN 77-0374062 Form 990 (PDF) Claim this org

The Sharks Foundation FY2021 filing

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Funds tech training for underserved young adults and military veterans to launch digital careers. For fiscal year 2021 it reported $911K in revenue, $986K in expenses, and $466K in net assets.Pt I

Founded
1994
Type
Public charity (501(c)(3)) · Youth Development
Location
San Jose, CA
Website
www.nhl.com/sharks/sharksfoundation
Filings
4 on file (2021–2021)
Revenue
$911KFY2021
Expenses
$986K
Net assets
$466K
People
11
Filings
4
Updates
0
More identity details & actions ⌄
EIN  77-0374062 Public charity (501(c)(3)) San Jose, CA Founded 1994
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 9/13/26 · see original: IRS
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Size
$1–10M
What they do
Funds tech training for underserved young adults and military veterans to launch digital careers.
Leadership
Doug Bentz · President
Money in and out
$911K revenue, $986K expenses
Bottom line
68% program efficiency
Where the money goes · FY2021
Total revenue
$911K
Pt VIII · Ln 12
Total expenses
$986K
Pt IX · Ln 25
Net assets
$466K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$75K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Program efficiency
68%
of spending reaches programs
Operating runway
3.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$911K
FY2021
Expenses
$986K
FY2021
Total assets
$508K
FY2021
Total liabilities
$42K
FY2021
Total revenue
$911K
Pt VIII · Ln 12
Total expenses
$986K
Pt IX · Ln 25
Net assets
$466K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$75K
Total assetsPt X · Ln 16$508K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Sharks Foundation
EINHdr · item D77-0374062
Principal addressHdr · item CSan Jose, CA
Year of formationHdr · item L1994
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O12)
Ruling yearIRS BMFJan 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt 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
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

NameFY2024FY2023
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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Mission & Programs · Part III

Where the work happens

2 program services account for $673K of program spending, described in the organization's own filed words · FY2020.
01

Community Assist Grants

The sharks foundation accepts applications for programs or project funding in one of its focal areas of giving: healthy living - fitness, wellness, medical (non-cancer), mental health hockey fights cancer - cancer-related patient care, support services, survivor programs season of giving - basic human services, food, clothing, shelter…

$418Kprogram expense
02

For the 2020-21 season, the foundation and sap partnered on a multi-year commitment to non-profit cityteam to fund and launch the alameda county mobile food pantry expansion project. The project, an extension of cityteam's current model that establishes food distribution locations in underserved neighborhoods throughout santa clara…

$255Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$667K · 73%
Program service revenue$244K · 27%
Contributions & grants73%$667K
Program service revenue27%$244K
Investment income$223
Total revenueLn 12$911K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$673K
Management & general32%$313K
Total functional expensesLn 25$986K

Balance Sheet

Part X · end of year
CashLn 1$311K
Total assetsLn 16$508K
Total liabilitiesLn 26$42K
Total net assetsLn 32$466K
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $311K · Operating expenses/yr $986K
3.8 months
Where the money goes
Program services
Program services $673K · Total expenses $986K
68%
Management & General
Management & general $313K · Total expenses $986K
32%
Fundraising
Fundraising $0 · Total expenses $986K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $667K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $667K · Total revenue $911K
73%
Government reliance
Government grants — · Total revenue $911K
Earned-income share
Program service revenue $244K · Total revenue $911K
27%
Investment reliance
Investment income $223 · Total revenue $911K
+0.02%
Program self-sufficiency
Program service revenue $244K · Total expenses $986K
25%
Growth & trend
Revenue growth (YoY)
This year $911K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $466K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $911K · Expenses $986K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $508K
Net-asset ratio
Net assets $466K · Total assets $508K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $508K
0%
People & payroll
Highest Reported Total Compensation
Individual Doug Bentz · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $986K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $287K · Total expenses $986K
29%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
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.

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 →

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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
FY2024$1.4M revenue · ⤓ 990 PDF
FY2023$1.6M revenue · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$911K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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