Charles S & Ruth C Sharp Foundation Inc
- Assets
- $6.8m
- Revenue
- $1.0m
- Investments
- $6.2m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/1965
- Data as of
- 12/2023
- 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 12/2023, Charles S & Ruth C Sharp Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $618.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (21.1%) per year over the past 8 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 320 individual grants totaling $11,075,069. 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
2023
Describe the Organization's Program Activity:
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 | $281,706 |
| Interest on Savings | $680 |
| Dividends & Interest | $194,756 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $455,876 |
| Capital Gain Net Income | $455,876 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $113,982 |
| Total Revenue | $1,047,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,084 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,249 |
| Total operating and administrative expenses | $118,295 |
| Contributions, gifts, grants paid | $499,700 |
| Total expenses and disbursements | $617,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,368 |
| Savings and temporary cash investments | $515,928 |
| Net Accounts receivable | $5,713 |
| 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 | $589,331 |
| Net Land, buildings, and equipment | $5,181 |
| Other assets | $7,981 |
| Total assets | $6,832,328 |
| 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 $499,700 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CHANGE AGENT NETWORK PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $18,000 |
ANCCI UNIVERSITY PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $10,000 |
GLORY B PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $4,500 |
REA'S HOPE PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $6,000 |
IN-SYNC EXOTICS PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $80,000 |
SALVATION ARMY PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $10,000 |