Sharp Literacy Inc is located in Milwaukee, WI. The organization was established in 1999. According to its NTEE Classification (P40) the organization is classified as: Family Services, 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 Literacy Inc 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 06/2021, Sharp Literacy Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SHARP LITERACY ASPIRES TO PROMOTE THE JOY OF, AND THE JOURNEY TOWARD, A LIFELONG PURSUIT OF LEARNING THROUGH EXPLORATION AND DISCOVERY. OUR GOAL IS TO IMPROVE LITERACY FOR URBAN YOUTH WITH RELATABLE HANDS-ON PROGRAMMING. WE ENRICH CLASSROOM LEARNING WITH VISUAL ARTS INTEGRATION, EDUCATIONAL TOURS AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020-21, SHARP PARTNERED WITH 36 URBAN ELEMENTARY SCHOOLS IN MILWAUKEE, RACINE AND WAUKESHA, SERVING MORE THAN 6,000 STUDENTS AND 275 TEACHERS. THESE SCHOOLS ARE IN MANY OF THE AREA'S MOST DISTRESSED NEIGHBORHOODS, EVIDENCED BY THE FACT THAT NEARLY 90% OF SHARP STUDENTS COME FROM FAMILIES THAT ARE CATEGORIZED AS ECONOMICALLY DISADVANTAGED. THE STUDENTS WE SERVE REPRESENT A DIVERSE POPULATION; 34% BLACK/AFRICAN AMERICAN, 46% LATINX/HISPANIC, 9% WHITE/CAUCASIAN, 9% ASIAN AND 2% TWO OR MORE RACES.SUPPORT FROM GENEROUS DONORS ALLOWS US TO CONTINUE TO PROVIDE RELEVANT, RIGOROUS STEAM PROGRAMMING FOR K3-5TH GRADE STUDENTS AT NO COST TO THE SCHOOLS.STEAM CORE PROGRAM: SHARP'S STEAM CORE PROGRAM LAYS THE GROUNDWORK FOR A STEAM-BASED EDUCATION, BEGINNING IN KINDERGARTEN. IN ALL GRADES, TECHNOLOGICAL AND FINANCIAL LITERACY CONCEPTS AND VOCABULARY ARE INTRODUCED, WHICH LINK TO SCIENCE OR SOCIAL STUDIES CURRICULA.DESIGN THROUGH CODE (DTC 3, DTC 4 & DTC 5): DTC IS AN 8-10 SESSION PROGRAM THAT INTRODUCES 3RD THROUGH 5TH GRADERS TO CODING AND COMPUTER SCIENCE. JUST OVER 1,100 STUDENTS FROM 41 CLASSROOMS AT 11 SCHOOLS IN MILWAUKEE AND WAUKESHA PARTICIPATED IN VIRTUAL DTC WORKSHOPS.AFTER SCHOOL LEARNING PROGRAM (ASLP): SHARP'S ASLP PROVIDED A MODIFIED VERSION OF THE SCHOOL YEAR CURRICULUM ADAPTED FOR THE AFTER-SCHOOL SETTING. EACH SITE CHOOSES THE PROGRAM BEST SUITED FOR THEIR STUDENTS. IN 2020-21, WE PROVIDED THIS PROGRAM VIRTUALLY TO TWO PARTNER SITES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lynda Kohler President/ceo | Officer | 40 | $141,607 |
Mark Chiuminatto Director Of Finance | Officer | 1 | $42,060 |
Nancy Mehlberg Tomko Treasurer | OfficerTrustee | 1 | $0 |
Kelley Yunk Chairman | OfficerTrustee | 1 | $0 |
George Baumann Secretary | OfficerTrustee | 1 | $0 |
Douglas C Erlacher Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $1,230,913 |
Investment income | $39,635 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$81,487 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$3,143 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,209,168 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $205,539 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $495,293 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $46,462 |
Payroll taxes | $62,602 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $8,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $19,744 |
Fees for services: Other | $25,250 |
Advertising and promotion | $59,872 |
Office expenses | $45,452 |
Information technology | $19,422 |
Royalties | $0 |
Occupancy | $3,216 |
Travel | $928 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,437 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,126 |
Insurance | $8,040 |
All other expenses | $0 |
Total functional expenses | $1,091,467 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $12,891 |
Savings and temporary cash investments | $220,596 |
Pledges and grants receivable | $421,570 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $120,078 |
Prepaid expenses and deferred charges | $22,012 |
Investments—publicly traded securities | $2,071,612 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,871,180 |
Accounts payable and accrued expenses | $88,603 |
Grants payable | $0 |
Deferred revenue | $37,176 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,420 |
Total liabilities | $128,199 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $2,742,981 |
Over the last fiscal year, we have identified 3 grants that Sharp Literacy Inc has recieved totaling $13,481.
Awarding Organization | Amount |
---|---|
Dudley And Constance Godfrey Foundation Inc Milwaukee, WI PURPOSE: EDUCATIONAL | $6,000 |
Geiger Family Foundation Inc Milwaukee, WI PURPOSE: GENERAL | $5,000 |
Youth Foundation Inc Milwaukee, WI PURPOSE: ARTS GRANT | $2,481 |
Organization Name | Assets | Revenue |
---|---|---|
Hillcrest Family Services Dubuque, IA | $25,783,146 | $22,464,986 |
Cap Services Inc Stevens Point, WI | $51,415,788 | $20,477,463 |
Family Focus Legacy Chicago, IL | $2,525,153 | $18,438,437 |
Mhnu Corporation Chicago, IL | $31,730,440 | $21,174,627 |
Family Services Of Northeast Wisconsin Inc Green Bay, WI | $20,431,269 | $18,504,506 |
Arbor Circle Corporation Grand Rapids, MI | $11,236,854 | $17,704,356 |
Metropolitan Family Services Dupage Wheaton, IL | $0 | $16,523,351 |
Oakland Family Services Pontiac, MI | $6,566,624 | $13,805,046 |
St Charles Youth And Family Services Inc Milwaukee, WI | $8,959,168 | $12,461,282 |
Sos Community Services Ypsilanti, MI | $4,698,915 | $12,205,840 |
Jewish Family And Childrens Service Of Minneapolis Golden Valley, MN | $33,981,144 | $11,171,027 |
Family & Children Services Inc Kalamazoo, MI | $32,880,645 | $13,121,460 |