Sharp Charitable Tr
- Assets
- $8.9m
- Revenue
- $3.0m
- Investments
- $8.4m
- Employees
- 0
- Location
- Newton, MA
- Founding
- 05/2013
- Data as of
- 12/2022
- EIN
- 35-7004860
Organization Overview
Sharp Charitable Tr is located in Newton, MA. The organization was established in 2013. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharp Charitable Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Sharp Charitable Tr generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sharp Charitable Tr has awarded 264 individual grants totaling $12,772,684. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip A Sharp Trustee | 5 | $0 | |
Ann H Sharp Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,896,265 |
| Interest on Savings | $4,881 |
| Dividends & Interest | $168,537 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$52,288 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,017,395 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,262 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,747 |
| Total operating and administrative expenses | $87,833 |
| Contributions, gifts, grants paid | $2,282,000 |
| Total expenses and disbursements | $2,369,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $516,579 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $871,781 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,869,957 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sharp Charitable Tr has awarded $2,282,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
BROAD INSTITUTE OF MIT & HARVARD PURPOSE: UNRESTRICTED | $1,000 |
CONCORD HOSPITAL PURPOSE: UNRESTRICTED | $1,000 |
CONGREGATIONAL UNITED CHURCH OF CHRIST PURPOSE: UNRESTRICTED | $5,000 |
BUZZARDS BAY COALTION PURPOSE: UNRESTRICTED | $1,000 |
ELIOT CHURCH OF NEWTON PURPOSE: UNRESTRICTED | $14,000 |
FRIENDS OF BOSTON'S HOMELESS PURPOSE: UNRESTRICTED | $5,000 |