Civic Intelligence

Sharp Literacy Inc.

990 • Fiscal year 2018 • EIN 39-1963963

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 22, 2019

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

35th percentile

0.03x

Higher debt load relative to assets than 35% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

41st percentile

0.06x

Higher debt load relative to revenue than 41% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

44th percentile

1.0%

Higher net margin than 44% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

49th percentile

0.8%

Faster asset growth than 49% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

81st percentile

29%

Faster revenue growth than 81% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,226,508

Up $17,672 (+0.8%) from 2017

Net Assets

Up

$2,166,779

Up $32,340 (+1.5%) from 2017

Liabilities

Down

$59,729

Down $14,668 (-20%) from 2017

Revenue

Up

$1,013,286

Up $226,331 (+29%) from 2017

Expenses

Down

$1,003,303

Down $25,366 (-2.5%) from 2017

Net Income

Up

$9,983

Up $251,697 (+104%) from 2017

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

2018

Assets$2,226,508
Liabilities$59,729
Net Assets$2,166,779

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

2018

Revenue$1,013,286
Expenses$1,003,303
Net Income$9,983
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 22, 2019
Return Version
2017v2.2
Gross Receipts
$1,122,154
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$1,593,393$1,653,451▲ $60,058
Pledges and Grants Receivable$172,995$180,103▲ $7,108
Savings and Temporary Cash Investments$255,546$176,530▼ $79,016
Inventories for Sale or Use$84,892$97,257▲ $12,365
Cash and Non-Interest-Bearing Accounts$52,606$72,327▲ $19,721
Intangible Assets$33,056$21,389▼ $11,667
Prepaid Expenses and Deferred Charges$4,344$13,524▲ $9,180
Land, Buildings, and Equipment, Net$9,786$11,927▲ $2,141
Accounts Receivable$2,218$0▼ $2,218
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-
Total Assets$2,208,836$2,226,508▲ $17,672
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$56,838$47,440▼ $9,398
Deferred Revenue$17,559$6,650▼ $10,909
Other Liabilities-$5,639-
Total Liabilities$74,397$59,729▼ $14,668
Net Assets / Fund Balance
Unrestricted Net Assets$1,868,919$1,862,956▼ $5,963
Temporarily Rstr Net Assets$265,520$303,823▲ $38,303
Total Net Assets Fund Balance$2,134,439$2,166,779▲ $32,340
Total Liabilities and Net Assets / Fund Balance$2,208,836$2,226,508▲ $17,672

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,189$50,377$59,566
Other Land Buildings$2,738$10,384$13,122
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lynda KohlerPresidentFT$118,728$18,298$137,026

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$994,316
Program Service Revenue
$15,311
Investment Income
$60,938
Other Revenue
$-57,279
All Other Contributions
$657,323
Change in Net Assets
$9,983

Audited Revenue Reconciliation

Revenue per Audited Statements
$996,287
Revenue Not Reported on Financial Statements
$16,999
Revenue Not Reported on Form 990
$67,164
Total Revenue per Audited Statements
$1,063,451
Total Revenue per Form 990
$1,013,286
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$670,533
Other Expenses$332,770
Total Fundraising Expense$192,164
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$343,578$22,347$66,005$431,930
Current Officers, Directors, Trustees, and Key Employees$108,942$15,455$21,195$145,592
Advertising$6,852$1,095$70,393$78,340
Fees for Services Other$15,431$47,473$6,143$69,047
Payroll Taxes$41,734$3,505$8,152$53,391
Other Employee Benefits$15,829$945$3,323$20,097
Pension Plan Contributions$14,921$1,859$2,743$19,523
Information Technology$13,892$50$3,886$17,828
Fees for Service Investment Mgmnt Fees-$16,999-$16,999
Depreciation Depletion$7,583$3,791$3,791$15,165
Office Expenses$10,616$1,720$2,596$14,932
Insurance$6,616$1,603$1,603$9,822
Fees for Services Accounting-$7,350-$7,350
Travel$6,290$17$275$6,582
Conferences and Meetings$3,133$445$1,506$5,084
Other Expenses$205$171$174$376
Total Functional Expenses$684,120$127,019$192,164$1,003,303

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,031,111
Total Expenses per Form 990$1,003,303
Expenses per Audited Statements$986,304
Expenses Not Reported on Form 990$44,807
Expenses Not Reported on Financial Statements$16,999
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$101,839
Fundraising Gross Income$48,894
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Novel Event$339,485$42,444$24,825$17,619
Unwrapped$41,269$6,450$6,618$-168
Total Events$385,887$48,894$101,839$-52,945
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Anne Zizzo - Zizzo GroupBoard MemberMarketing OutsourceNo$42,672

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$5,639
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
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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

990 is presented by the Auditor to the board of directors

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 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
2019-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynda Kohler
Formed
1999
Legal Domicile
Wi
Voting Board Members
26
Independent Board Members
25
Employees
0
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, 2018, 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.

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IRS990/Desc0OverviewSHARP Literacys mission is to enhance future life success by energizing urban children, motivating them to identify themselves as confident, capable scholars and lifelong learners by inspiring engagement in reading, writing and research through hands-on interaction and visual arts. Now in its 23rd year, SHARP has a proven track record of helping over 8,500 K3-5th grade students annually in Milwaukee and Waukesha County to build foundational literacy skills and become strong readers through our evidence-backed literacy model. Students come from 43 public, choice and charter schools in both counties. The breakdown of our student population is 50% African-American, 32% Hispanic, 11% Caucasian, 5% Asian, and 2% other. Eighty-five percent qualify for free or reduced-price lunch. The program is provided at no cost to the schools; the cost to SHARP for each participating student is $130 per year.Traditional Core ProgramThe program includes hour-long workshops offered four times a year. Workshops include thinking routines with art images, read-alouds, and hands-on arts inquiry activities. Each workshop has a content mastery goal, an arts-related goal and a critical thinking goal. Teacher surveys and student reflections will track progress after each session. Students are given a pre- and post-assessment where they will be asked to identify salient features in non-fiction text.Design Through CodeCoding is the language of the future. Learning to code can help students overcome traditional boundaries like poverty and diverse backgrounds, ensuring that all children have a chance to succeed in our connected world. Beyond digital literacy, the process of learning to code promotes skills that are valuable across a variety of disciplines from problem-solving and logic, to collaboration, critical thinking and creativity. SHARP provides fourth grade students at participating SHARP schools with the tools to create art using simple computer code. For the 2017-18 school year, SHARP is offering the workshop to 4th grade students at Doerfler Escuela Vieau and Forest Home Elementary School. For 2018-19, the workshop will be offered to additional schools in Milwaukee and expanded into Waukesha County, where we hope to replicate the success we have had in the initial program year.SHARP's education team has collaborated with I.T. professionals from industry, faculty and students from several higher education institutions, including UWM (Girls Who Code Club) and Wisconsin Department of Public Instruction to plan curriculum, select age appropriate coding software and track student success. Students and facilitators meet once a week for 16 weeks through the course of a year. Students participate in unplugged (paper and pencil) and plugged (computer) activities, and work collaboratively on a project that will be presented to a jury of professionals and educators. Students go on an educational tour to a university and/or a high-tech company to experience firsthand how coding impacts outcome. Volunteers are actively recruited for program delivery, help with class projects and judging outcomes.Summer & After School Programs From June through August, SHARP Literacy partners with 11 community-based organizations and schools that are typically located in some of Milwaukees most distressed zip codes, characterized by high unemployment (60%), little education (less than 10% of the population has a college degree) and high poverty (90% of the public-school students who live in these zip codes are disadvantaged). SHARP offers a modified version of our school-year curriculum, maintaining the focus on building students academic vocabulary, creativity, teamwork and critical thinking skills. Reading and other academic content is blended with activities such as art projects, hands-on environmental projects, educational tours and coding workshops. Students from Milwaukees Westlawn neighborhood participated in revitalizing a greenhouse, planted vegetables and fruit,
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IRS990/MissionDesc0SHARP 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.
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Document Assets

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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