Charles S & Ruth C Sharp Foundation Inc
- Assets
- $6.6m
- Revenue
- $706.6k
- Investments
- $5.9m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/1965
- Data as of
- 12/2021
- EIN
- 75-6045366
Organization Overview
Charles S & Ruth C Sharp Foundation Inc is located in Dallas, TX. The organization was established in 1965. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Charles S & Ruth C Sharp Foundation 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, Charles S & Ruth C Sharp Foundation Inc generated $706.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $525.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (29.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles S & Ruth C Sharp Foundation Inc has awarded 236 individual grants totaling $8,649,719. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally S Harris Vice President & Director | 4 | $0 | |
Susan F Sharp President & Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $564 |
| Dividends & Interest | $132,747 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $419,468 |
| Capital Gain Net Income | $419,468 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $153,810 |
| Total Revenue | $706,589 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,646 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,610 |
| Total operating and administrative expenses | $117,302 |
| Contributions, gifts, grants paid | $408,000 |
| Total expenses and disbursements | $525,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,867 |
| Savings and temporary cash investments | $597,504 |
| Net Accounts receivable | $9,686 |
| 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 | $1,150,793 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,583 |
| Total assets | $6,613,237 |
| 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, Charles S & Ruth C Sharp Foundation Inc has awarded $497,400 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Great Barrington, MA PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $155,000 |
IN-SYNC EXOTICS PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $110,000 |
SERVICE DOGS INC PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $100,000 |
WILLIAM J GOULD ASSOCIATES INC (ROADESIDE 20) PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $50,000 |
Oakland, CA PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $25,000 |
SALVATION ARMY PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $22,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |