Shark Shootout Charities Inc
- Assets
- $4.0m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Tequesta, FL
- Founding
- 12/1997
- Data as of
- 12/2021
- EIN
- 65-0736877
Organization Overview
Shark Shootout Charities Inc is located in Tequesta, FL. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shark Shootout Charities 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 12/2021, Shark Shootout Charities Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 13.9% 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.
Since 2014, Shark Shootout Charities Inc has awarded 60 individual grants totaling $3,257,181. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DISTRIBUTE REVENUE RECEIVED FROM THE PRODUCTION OF GOLF EVENTS TO CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
DISTRIBUTION OF REVENUE RECEIVED FROM THE PRODUCTION OF GOLF EVENTS TO VARIOUS CHARITABLE ORGANIZATIONS
DISTRIBUTION OF REVENUE RECEIVED FROM THE PRODUCTION OF GOLF EVENTS TO VARIOUS CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory J Norman President | Officer | 1 | $0 |
Stuart Grossman Director | Trustee | 1 | $0 |
Joe D Jamos Director | Trustee | 1 | $0 |
Bret Baier Director | Trustee | 1 | $0 |
Michael Filon Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wasserman Events Llc Event Coordinat | 12/30/21 | $1,362,500 |
Tiburon Golf Club Event Venue Pro | 12/30/21 | $157,211 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,449,747 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,449,747 |
| Total Program Service Revenue | $0 |
| Investment income | $1,200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,103,407 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,347,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $623,981 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $975,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $640,170 |
| Advertising and promotion | $131,195 |
| Office expenses | $14,447 |
| Information technology | $21,316 |
| Royalties | $0 |
| Occupancy | $45,355 |
| Travel | $41,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,440 |
| All other expenses | $513,937 |
| Total functional expenses | $3,019,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,483,388 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,508,251 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,395 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,138 |
| Total assets | $4,019,172 |
| Accounts payable and accrued expenses | $3,679,197 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $13,859 |
| Total liabilities | $3,693,056 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $326,116 |
| Total liabilities and net assets/fund balances | $4,019,172 |
Grants Awarded
Over the last fiscal year, Shark Shootout Charities Inc has awarded $617,031 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Bethesda, MD PURPOSE: PROVIDE ASSISTANCE | $404,650 |
Orlando, FL PURPOSE: PROVIDE ASSISTANCE | $80,281 |
PALMETTO RIDGE HIGH PURPOSE: PROVIDE ASSISTANCE | $27,000 |
Naples, FL PURPOSE: PROVIDE ASSISTANCE | $25,000 |
Boca Raton, FL PURPOSE: PROVIDE ASSISTANCE | $20,000 |
Washington, DC PURPOSE: PROVIDE ASSISTANCE | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Shark Shootout Charities Inc has recieved totaling $485,000.
| Awarding Organization | Amount |
|---|---|
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $475,000 |
The Snedeker Foundation Nashville, TN PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Jewish Community Of Broward County Inc Davie, FL | $191,632,658 | $32,289,120 |
Jewish Federation Of South Palm Beach County Inc Boca Raton, FL | $220,329,393 | $31,215,392 |
United Way Of Lee County Inc Fort Myers, FL | $10,857,756 | $16,905,483 |
United Way Of Palm Beach County Inc West Palm Beach, FL | $24,619,192 | $14,282,959 |
United Way Of Brevard County Inc Rockledge, FL | $8,481,850 | $14,549,542 |
Ocean Reef Foundation Inc Key Largo, FL | $43,415,311 | $11,490,995 |
United Way Of Central Florida Inc Highland City, FL | $26,696,940 | $9,902,693 |
United Way Of The Coastal Empire Inc Savannah, GA | $26,438,024 | $9,161,083 |
United Way Of The Central Savannah River Area Inc Augusta, GA | $2,548,465 | $8,329,042 |
United Way Of The Chattahoochee Valley Inc Columbus, GA | $12,467,806 | $8,956,958 |
Town Of Palm Beach United Way Inc Palm Beach, FL | $16,686,552 | $8,087,830 |
The Jewish Federation Of Sarasota-Manatee Inc Sarasota, FL | $47,399,713 | $7,687,191 |