Civic Intelligence

Sharp Literacy Inc.

990 • Fiscal year 2016 • EIN 39-1963963

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 18, 2017

5775 N Glen Park Road Suite 202Milwaukee, WI 53209

(414) 977-1768

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.03x

Higher debt load relative to assets than 36% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

47th percentile

0.09x

Higher debt load relative to revenue than 47% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

61st percentile

6.0%

Higher net margin than 61% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

43rd percentile

-0.4%

Faster asset growth than 43% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

47th percentile

1.7%

Faster revenue growth than 47% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,369,786

Down $8,556 (-0.4%) from 2015

Net Assets

Up

$2,287,803

Up $770 (+0.0%) from 2015

Liabilities

Down

$81,983

Down $9,326 (-10%) from 2015

Revenue

Up

$917,234

Up $15,202 (+1.7%) from 2015

Expenses

Down

$862,078

Down $25,808 (-2.9%) from 2015

Net Income

Up

$55,156

Up $41,010 (+290%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $2,153,413Liabilities 2011: $124,499Net Assets 2011: $2,028,9142011Assets 2012: $2,256,285Liabilities 2012: $115,162Net Assets 2012: $2,141,1232012Assets 2013: $2,198,686Liabilities 2013: $46,612Net Assets 2013: $2,152,0742013Assets 2014: $2,411,034Liabilities 2014: $33,139Net Assets 2014: $2,377,8952014Assets 2015: $2,378,342Liabilities 2015: $91,309Net Assets 2015: $2,287,0332015Assets 2016: $2,369,786Liabilities 2016: $81,983Net Assets 2016: $2,287,8032016Assets 2017: $2,208,836Liabilities 2017: $74,397Net Assets 2017: $2,134,4392017Assets 2018: $2,226,508Liabilities 2018: $59,729Net Assets 2018: $2,166,7792018Assets 2019: $2,386,456Liabilities 2019: $117,618Net Assets 2019: $2,268,8382019Assets 2020: $2,520,477Liabilities 2020: $218,541Net Assets 2020: $2,301,9362020Assets 2021: $2,871,180Liabilities 2021: $128,199Net Assets 2021: $2,742,9812021Assets 2022: $2,635,652Liabilities 2022: $102,874Net Assets 2022: $2,532,7782022Assets 2023: $2,956,614Liabilities 2023: $113,731Net Assets 2023: $2,842,8832023Assets 2024: $2,605,064Liabilities 2024: $81,903Net Assets 2024: $2,523,1612024Assets 2025: $2,447,090Liabilities 2025: $74,130Net Assets 2025: $2,372,9602025

Highlighted filing

2016

Assets$2,369,786
Liabilities$81,983
Net Assets$2,287,803

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $807,934Expenses 2011: $759,357Net Income 2011: $48,5772011Expenses 2012: $765,4302012Revenue 2013: $830,001Expenses 2013: $901,568Net Income 2013: -$71,5672013Revenue 2014: $996,226Expenses 2014: $869,315Net Income 2014: $126,9112014Revenue 2015: $902,032Expenses 2015: $887,886Net Income 2015: $14,1462015Revenue 2016: $917,234Expenses 2016: $862,078Net Income 2016: $55,1562016Revenue 2017: $786,955Expenses 2017: $1,028,669Net Income 2017: -$241,7142017Revenue 2018: $1,013,286Expenses 2018: $1,003,303Net Income 2018: $9,9832018Revenue 2019: $1,144,217Expenses 2019: $1,056,513Net Income 2019: $87,7042019Revenue 2020: $1,097,554Expenses 2020: $1,058,144Net Income 2020: $39,4102020Revenue 2021: $1,209,168Expenses 2021: $1,091,467Net Income 2021: $117,7012021Revenue 2022: $1,650,018Expenses 2022: $1,552,306Net Income 2022: $97,7122022Revenue 2023: $1,886,640Expenses 2023: $1,584,028Net Income 2023: $302,6122023Revenue 2024: $1,184,554Expenses 2024: $1,590,682Net Income 2024: -$406,1282024Revenue 2025: $1,094,326Expenses 2025: $1,381,952Net Income 2025: -$287,6262025

Highlighted filing

2016

Revenue$917,234
Expenses$862,078
Net Income$55,156
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 18, 2017
Return Version
2015v3.0
Gross Receipts
$2,486,712
Mission and Program Overview

Mission

SHARP Literacy aspires to promote the joy of, and the journey toward, a lifelong pursuit of learning through exploration and discovery. Our goal is to improve literacy for urban youth with relatable hands-on programming. We enrich classroom learning with visual arts integration, educational tours and community engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,636,849$1,636,591▼ $258
Savings and Temporary Cash Investments$423,094$295,435▼ $127,659
Pledges and Grants Receivable$168,549$267,530▲ $98,981
Inventories for Sale or Use$73,805$95,381▲ $21,576
Cash and Non-Interest-Bearing Accounts$38,201$36,759▼ $1,442
Prepaid Expenses and Deferred Charges$22,386$27,813▲ $5,427
Land, Buildings, and Equipment, Net$14,196$9,219▼ $4,977
Accounts Receivable$1,262$1,058▼ $204
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$2,378,342$2,369,786▼ $8,556
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$42,309$48,644▲ $6,335
Deferred Revenue$49,000$33,339▼ $15,661
Total Liabilities$91,309$81,983▼ $9,326
Net Assets / Fund Balance
Unrestricted Net Assets$1,807,603$1,629,082▼ $178,521
Temporarily Rstr Net Assets$349,055$528,346▲ $179,291
Permanently Rstr Net Assets$130,375$130,375→ $0
Total Net Assets Fund Balance$2,287,033$2,287,803▲ $770
Total Liabilities and Net Assets / Fund Balance$2,378,342$2,369,786▼ $8,556

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,732$46,204$48,936
Other Land Buildings$6,487$6,635$13,122

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,626,849-▲ $21,601$5,000$1,626,925
2015$1,639,628-▲ $9,442$5,000$1,626,849
2014$733,412-▲ $925,179$5,000$1,639,628
2013$672,254-▲ $73,811$5,000$733,412
2012$700,366-▼ $16,105$5,000$672,254
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lynda KohlerPresidentFT$100,967$17,308$118,275
Cathy WoodFinance ManagerPT$27,870$1,584$29,454

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$840,764
Program Service Revenue
$2,814
Investment Income
$59,915
Other Revenue
$13,741
All Other Contributions
$602,887
Change in Net Assets
$55,156

Audited Revenue Reconciliation

Revenue per Audited Statements
$917,234
Revenue Not Reported on Form 990
$7,432
Total Revenue per Audited Statements
$924,666
Total Revenue per Form 990
$917,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$646,192
Other Expenses$215,886
Total Fundraising Expense$98,454
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$305,973$33,397$45,818$385,188
Current Officers, Directors, Trustees, and Key Employees$144,528$15,083$20,901$180,512
Payroll Taxes$37,193$3,131$5,675$45,999
Other Employee Benefits$29,885$1,753$2,855$34,493
Fees for Services Other$27,187$164$1,614$28,965
Advertising$8,220$2,076$12,992$23,288
Insurance$7,762$1,881$1,881$11,524
Office Expenses$6,226$3,023$438$9,687
Fees for Services Accounting-$6,750-$6,750
Information Technology$1,365$2,754$2,598$6,717
Other Expenses$5,825$1,231$1,131$5,825
Depreciation Depletion$2,484$1,242$1,242$4,968
Conferences and Meetings$2,315$1,487$702$4,504
Travel$1,840$882$63$2,785
All Other Expenses$563$1,527$544$2,634
Total Functional Expenses$687,243$76,381$98,454$862,078

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$923,896
Expenses per Audited Statements$862,078
Total Expenses per Form 990$862,078
Expenses Not Reported on Form 990$61,818
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$61,321
Fundraising Direct Expenses$55,121
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Novel Event$246,000$31,923$43,025$-11,102
Unwrapped$33,356$9,556$12,096$-2,540
Total Events$299,198$61,321$55,121$6,200
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The entire board was sent a copy of the form 990 via email prior to filing and board members were asked to review it and respond with questions or changes

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are required to disclose potential conflicts of interest. Other members of the board or committee determine if a conflict exists. When this occurs the board member with a conflict of interest is asked to leave during the discussion and vote.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Qti was hired to do an employee compensation survey in 2014

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Qti was hired to do an employee compensation survey in 2014

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are made available to public upon request.

Filing and Contact Details

Filer

Filer Name
Sharp Literacy Inc
EIN
39-1963963
Phone
4149771768
Address
5775 N Glen Park Road Suite 202, Milwaukee, WI 53209

Signing Officer

Name
Lynda Kohler
Title
President & CEO
Signed
2017-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynda Kohler
Formed
1999
Legal Domicile
Wi
Voting Board Members
26
Independent Board Members
26
Employees
24
Volunteers
76

Preparer

Firm
Ritz Holman LLP
Address
330 E Kilbourn Ste 550, Milwaukee, WI 53202-3144
Preparer
Katy L Sommer
Phone
4142711451
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and is classified as other than a private foundation. Management has reviewed all tax positions recognized in previously filed tax returns and those expected to be taken in future tax returns. As of June 30, 2016, the Organization had no amounts related to unrecognized income tax benefits and no amounts related to accrued interest and penalties. The Organization does not anticipate any significant changes to unrecognized income tax benefits over the next year. The Organization is currently not under any audit by any federal or state taxing authority and is no longer subject to tax examination by the U.S. federal jurisdiction for years prior to 2012 and the state jurisdiction for the years prior to 2011.

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IRS990/Desc0IN THE 2015-16 ACADEMIC YEAR, APPROXIMATELY 6,200 STUDENTS AND OVER 324 EDUCATORS FROM 28 SCHOOLS (MPS, CHOICE, AND CHARTER) IN THE CITY OF MILWAUKEE PARTICIPATED IN THE SHARP LITERACY PROGRAM. THIS IS A 42% INCREASE OVER THE LAST 4 YEARS. THE PERCENTAGE OF STUDENTS ENROLLED IN THE SHARP PROGRAM WITH PRE AND POST ASSESSMENT RESULTS HAS RISEN BY 17 PERCENTAGE POINTS OVER THE LAST 4 YEARS.THE 2015-16 ASSESSMENT RESULTS SHOWED THAT STUDENT PERFORMANCE GAINS ON THE SHAR ASSESSMENT AVERAGES 25 PERCENTAGE POINTS FROM THE PRE TO POST ASSESSMENT. IN A SPECIAL CONTROL GROUP ANAYSIS COMPARING STUDENT PERFORMANCES OF STUDENTS ENROLLED IN THE SHARP PROGRAM WITH STUDENTS NOT IN THE SHARP PROGRAM SHOWED SHARP STUDENTS GENERATED MUCH LARGER PERFORMANCE GAINS THAN THOSE IN THE CONTROL GROUP. AN ADDITIONAL ANALYSIS OF STUDENTS GENERATING PERFORMANCE GAINS SHOWED SHARP GENERATING GAINS WHICH WERE 2 1/2 TIMES GREATER THAN COMPARABLE STUDENTS IN THE CONTROL GROUP.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26Director
IRS990/Form990PartVIISectionAGrp/TitleTxt27Director
IRS990/Form990PartVIISectionAGrp/TitleTxt28Director
IRS990/Form990PartVIISectionAGrp/TitleTxt29Director
IRS990/Form990PartVIISectionAGrp/TitleTxt30President
IRS990/Form990PartVIISectionAGrp/TitleTxt31FINANCE MANAGER
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.45$0.07$2.37$1.09$1.38$0.29
2024Detailed filing. Detailed filing data is available for this year.$2.61$0.08$2.52$1.18$1.59$0.41
2023Detailed filing. Detailed filing data is available for this year.$2.96$0.11$2.84$1.89$1.58$0.30
2022Detailed filing. Detailed filing data is available for this year.$2.64$0.10$2.53$1.65$1.55$0.10
2021Detailed filing. Detailed filing data is available for this year.$2.87$0.13$2.74$1.21$1.09$0.12
2020Detailed filing. Detailed filing data is available for this year.$2.52$0.22$2.30$1.10$1.06$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.39$0.12$2.27$1.14$1.06$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.23$0.06$2.17$1.01$1.00$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.21$0.07$2.13$0.79$1.03$0.24
2016Detailed filing. Detailed filing data is available for this year.$2.37$0.08$2.29$0.92$0.86$0.06
2015Summary only. Only limited summary data is available for this year.$2.38$0.09$2.29$0.90$0.89$0.01
2014Summary only. Only limited summary data is available for this year.$2.41$0.03$2.38$1.00$0.87$0.13
2013Summary only. Only limited summary data is available for this year.$2.20$0.05$2.15$0.83$0.90$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.12$2.14$0.77
2011Summary only. Only limited summary data is available for this year.$2.15$0.12$2.03$0.81$0.76$0.05