Carol H And Kevin W Sharer Education Foundation
- Assets
- $12.2m
- Revenue
- $619.0k
- Investments
- $8.7m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-3732125
Organization Overview
Carol H And Kevin W Sharer Education Foundation is located in Denver, CO. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., 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. Carol H And Kevin W Sharer Education Foundation 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, Carol H And Kevin W Sharer Education Foundation generated $619.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $902.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carol H And Kevin W Sharer Education Foundation has awarded 31 individual grants totaling $3,012,975. 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 |
|---|---|---|---|
Laura Steffen President | 40 | $154,907 | |
Kevin W Sharer Chairman | 4 | $0 | |
Carol H Sharer Treasurer | 3 | $0 | |
Jordan L Nuccio Director | 1 | $0 | |
Heather Deroos Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $721,013 |
| Interest on Savings | $0 |
| Dividends & Interest | $377,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$479,697 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $618,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $154,907 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $26,428 |
| Interest | $0 |
| Taxes | $44,716 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,563 |
| Total operating and administrative expenses | $297,212 |
| Contributions, gifts, grants paid | $605,600 |
| Total expenses and disbursements | $902,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,551,623 |
| 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 | $341,058 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,207,807 |
| 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, Carol H And Kevin W Sharer Education Foundation has awarded $605,600 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO MOUNTAIN COLLEGE PURPOSE: TUITION SUPPORT FOR EDUCATION | $10,000 |
UNIVERSITY OF COLORADO PURPOSE: TUITION SUPPORT FOR EDUCATION | $82,200 |
SANTA MONICA COLLEGE PURPOSE: TUITION SUPPORT FOR EDUCATION | $230,400 |
UNIVERSITY OF CALIFORNIA PURPOSE: TUITION SUPPORT FOR EDUCATION | $273,000 |
CONSERVATORY LAB FOUNDATION PURPOSE: DONATION TO SCHOOL | $10,000 |