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. As of 06/2023, Sharp Literacy Inc employed 39 individuals. 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 06/2023, Sharp Literacy Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 7.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SHARP PARTNERS WITH EDUCATORS TO FOSTER A LOVE OF LEARNING AND BRIGHTEN CHILDREN'S FUTURES THROUGH INNOVATIVE STEAM-BASED EXPERIENTIAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHARP PARTNERS WITH 49 URBAN ELEMENTARY SCHOOLS IN MILWAUKEE, RACINE AND WAUKESHA, SERVING MORE THAN 8,300 STUDENTS AND NEARLY 400 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; 37% BLACK, 43% LATINO/HISPANIC, 9% WHITE, 8% ASIAN AND 3% TWO OR MORE RACES. SUPPORT FROM GENEROUS DONORS ALLOWS US TO CONTINUE TO PROVIDE RELEVANT, RIGOROUS STEAM PROGRAMMING, INCLUDING EDUCATIONAL TOUR EXPERIENCES FOR K3-5TH GRADE STUDENTS AT NO COST TO THE SCHOOLS.SHARP RECENTLY ADOPTED A NEW STRATEGIC PLAN, AND ONE OF THE IDENTIFIED WAYS TO DEEPEN IMPACT IS AN INTEGRATED STEAM CURRICULUM THAT INCORPORATES THREE PILLARS: TECHNOLOGY INTEGRATION, PROJECT-BASED LEARNING, AND ART & DESIGN THINKING. SHARP'S STEAM PROGRAM LAYS THE GROUNDWORK FOR A STEAM-BASED EDUCATION, BEGINNING IN KINDERGARTEN. IN K3-K5, STUDENTS ARE INTRODUCED TO PHYSICAL AND NATURAL SCIENCE CONCEPTS GRAVITY, RAINBOWS, FORCE & MOTION, ANIMALS AND PLANTS. FIRST AND SECOND GRADERS CONTINUE RESPECTIVELY WITH STUDIES OF POLLINATORS & POLLINATION AND THE WATER CYCLE. DESIGN THROUGH CODE (DTC 3, DTC 4 & DTC 5) IS A 10-18 SESSION PROGRAM THAT INTRODUCES 3RD THROUGH 5TH GRADERS TO VIDEO GAME DESIGN, PHYSICAL COMPUTING, CODING, CIRCUITRY, ENGINEERING AND MORE. THIS YEAR 2,375 STUDENTS FROM OVER 100 CLASSROOMS AT 14 SCHOOLS IN MILWAUKEE AND WAUKESHA ARE PARTICIPATING IN DTC WORKSHOPS.ESTABLISHED IN 2014, SHARP'S SUMMER LEARNING PROGRAM PARTNERS WITH 20+ COMMUNITY LEARNING CENTERS AND MPS, PROVIDING INNOVATIVE HANDS-ON PROGRAMMING TO COMBAT SUMMER SLIDE COMMON TO URBAN STUDENTS (LOSING ACADEMIC PROGRESS IN SUMMER DUE TO LACK OF EDUCATIONAL OPPORTUNITIES). OUR EIGHT-WEEK ART AND TECHNOLOGY-BASED PROGRAM SERVES 1,200 K-6TH GRADERS, KEEPING CHILDREN ENGAGED AND LEARNING. SLP HELPS ADDRESS EDUCATIONAL DISPARITIES, GIVING OPPORTUNITIES TO STUDENTS FROM LOW-INCOME FAMILIES AND PROVIDES A PURPOSEFUL AND JOYFUL SUMMER EXPERIENCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Amanda Porterfield Director | Trustee | 1 | $0 |
Andrea Schloemer Director | Trustee | 1 | $0 |
Anne Zizzo Director | Trustee | 1 | $0 |
Bob Hau Director | Trustee | 1 | $0 |
Brittany Lopez Naleid Director | Trustee | 1 | $0 |
Candace Spears Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $308,646 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,428,535 |
Noncash contributions included in lines 1a–1f | $24,901 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,737,181 |
Total Program Service Revenue | $21,269 |
Investment income | $46,449 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $119,293 |
Net Income from Fundraising Events | -$38,265 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $713 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,886,640 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $227,401 |
Compensation of current officers, directors, key employees. | $22,522 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $692,577 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $50,327 |
Payroll taxes | $81,090 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $8,950 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $13,012 |
Fees for services: Other | $129,016 |
Advertising and promotion | $72,314 |
Office expenses | $54,004 |
Information technology | $32,509 |
Royalties | $0 |
Occupancy | $3,818 |
Travel | $8,923 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $12,229 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,127 |
Insurance | $9,040 |
All other expenses | $12,510 |
Total functional expenses | $1,584,028 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $107,299 |
Savings and temporary cash investments | $176,154 |
Pledges and grants receivable | $620,490 |
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 | $211,617 |
Prepaid expenses and deferred charges | $6,546 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $1,834,508 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,956,614 |
Accounts payable and accrued expenses | $78,731 |
Grants payable | $0 |
Deferred revenue | $35,000 |
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 | $0 |
Total liabilities | $113,731 |
Net assets without donor restrictions | $1,880,409 |
Net assets with donor restrictions | $962,474 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $2,956,614 |