Sharp Charitable Tr
- Assets
- $8.2m
- Revenue
- $1.9m
- Investments
- $7.9m
- Employees
- 0
- Location
- Newton, MA
- Founding
- 05/2013
- Data as of
- 12/2021
- 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 12/2021, Sharp Charitable Tr generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $6.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sharp Charitable Tr has awarded 231 individual grants totaling $10,490,684. 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 | $0 |
| Interest on Savings | $38 |
| Dividends & Interest | $315,724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,544,249 |
| Capital Gain Net Income | $1,544,249 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,860,011 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,751 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $74,297 |
| Contributions, gifts, grants paid | $6,080,534 |
| Total expenses and disbursements | $6,154,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $315,340 |
| 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 | $8,222,395 |
| 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 $6,080,534 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
PHILLIP AND ANN SHARP LIFE SCIENCES FELLOWSHIP FUND PURPOSE: UNRESTRICTED | $5,000,000 |
Cambridge, MA PURPOSE: UNRESTRICTED | $1,000,000 |
Newton, MA PURPOSE: UNRESTRICTED | $14,000 |
FRIENDS OF BOSTON'S HOMELESS PURPOSE: UNRESTRICTED | $5,000 |
Waterbury, VT PURPOSE: UNRESTRICTED | $5,000 |
CONGREGATIONAL UNITED CHURCH OF CHRIST PURPOSE: UNRESTRICTED | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sharp Charitable Tr Newton, MA | $8,222,395 | $1,860,011 |
Kollel Bais Yisrael Brooklyn, NY | $246,843 | $998,434 |
Bais Eluzer Fund Monroe, NY | $1,452,032 | $712,379 |
Little Essentials Brooklyn, NY | $330,194 | $693,584 |
Bundles Of Joy New York Inc Bronxville, NY | $395,317 | $592,898 |
Joyce Hergenhan Private Foundation Fairfield, CT | $4,037,389 | $229,293 |
Songs Of Love Foundation Forest Hills, NY | $1,668,057 | $546,584 |
Clark Gillies Foundation Farmingdale, NY | $420,107 | $657,215 |
Juvenile Diabetes Cure Alliance New York, NY | $104,904 | $568,991 |
Brides Across America Andover, MA | $512,791 | $461,175 |
Commonwealth Cares Fund Inc Waltham, MA | $1,360,663 | $804,758 |
Cardinal Kung Foundation Inc Stamford, CT | $669,690 | $284,920 |