Civic Intelligence

Rick Sharp Alz Foundation

990 • Fiscal year 2017 • EIN 46-4438822

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 28, 2018

Organization ProfileN/A
PO Box 42333Richmond, VA 23242

(804) 601-3090

Siviq Scores

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

Liabilities / Assets

35th percentile

0.01x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

27th percentile

0.00x

Higher debt load relative to revenue than 27% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

44th percentile

1.4%

Higher net margin than 44% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

85th percentile

35%

Faster asset growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

94%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$38,886

Up $10,127 (+35%) from 2016

Net Assets

Up

$38,648

Up $9,889 (+34%) from 2016

Liabilities

Up

$238

Up $238 from 2016

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin44th percentile

Revenue

Up

$714,595

Up $345,412 (+94%) from 2016

Expenses

Up

$704,706

Up $364,282 (+107%) from 2016

Net Income

Down

$9,889

Down $18,870 (-66%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$1.5M$1.0M$500K$0Assets 2015: $0Net Assets 2015: $02015Assets 2016: $28,759Liabilities 2016: $0Net Assets 2016: $28,7592016Assets 2017: $38,886Liabilities 2017: $238Net Assets 2017: $38,6482017Assets 2018: $296,654Liabilities 2018: $9,288Net Assets 2018: $287,3662018Assets 2019: $707,698Liabilities 2019: $5,949Net Assets 2019: $701,7492019Assets 2020: $1,020,892Liabilities 2020: $234Net Assets 2020: $1,020,6582020Assets 2021: $1,126,907Liabilities 2021: $13,027Net Assets 2021: $1,113,8802021Assets 2022: $1,326,199Liabilities 2022: $4,275Net Assets 2022: $1,321,9242022Assets 2023: $1,221,951Liabilities 2023: $11,362Net Assets 2023: $1,210,5892023Assets 2024: $1,098,168Liabilities 2024: $4,041Net Assets 2024: $1,094,1272024

Highlighted filing

2017

Assets$38,886
Liabilities$238
Net Assets$38,648
Open 2017 Filing

Operations Trend

Revenue Growth92nd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $02015Revenue 2016: $369,183Expenses 2016: $340,424Net Income 2016: $28,7592016Revenue 2017: $714,595Expenses 2017: $704,706Net Income 2017: $9,8892017Revenue 2018: $861,558Expenses 2018: $596,434Net Income 2018: $265,1242018Revenue 2019: $1,016,898Expenses 2019: $587,060Net Income 2019: $429,8382019Revenue 2020: $857,649Expenses 2020: $527,937Net Income 2020: $329,7122020Revenue 2021: $702,010Expenses 2021: $596,221Net Income 2021: $105,7892021Revenue 2022: $888,776Expenses 2022: $654,513Net Income 2022: $234,2632022Revenue 2023: $532,206Expenses 2023: $604,214Net Income 2023: -$72,0082023Revenue 2024: $485,163Expenses 2024: $567,544Net Income 2024: -$82,3812024

Highlighted filing

2017

Revenue$714,595
Expenses$704,706
Net Income$9,889
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 28, 2018
Return Version
2017v2.2
Gross Receipts
$809,124
Mission and Program Overview

Mission

The Foundation was founded by Sherry Sharp for the purpose of ending Alzheimer's disease and related cognitive diseases by inspiring collaboration for research and fund raising. The Foundation is named after Mrs. Sharp's late husband, Richard L. Sharp, who died from a rare form of Alzheimer's in June 2014.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$27,997$38,884▲ $10,887
Savings and Temporary Cash Investments$2$2→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$28,759$38,886▲ $10,127
Other Assets Total$760$0▼ $760
Liabilities
Accounts Payable and Accrued Expenses-$238-
Total Liabilities$0$238▲ $238
Net Assets / Fund Balance
Unrestricted Net Assets$28,759$38,648▲ $9,889
Total Net Assets Fund Balance$28,759$38,648▲ $9,889
Total Liabilities and Net Assets / Fund Balance$28,759$38,886▲ $10,127
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Sherry a SharpPresident
J Rand Baggesen MdDirector
Richard S BirnbaumDirector
W JEFFERSON O'FLAHERTYDirector
W Stephen CannonDirector
William Giff BreedDirector
Cheryl R JenningsSecretary
James P Karides CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$749,675
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-35,080
All Other Contributions
$6,360
Change in Net Assets
$9,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$637,000
Total Fundraising Expense$62,345
Professional Fundraising Fees$46,492
Other Expenses$21,214
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$637,000--$637,000
Fees for Services Professional Fundraising--$46,492$46,492
Office Expenses-$2,405-$2,405
Other Expenses-$760$5,000$760
All Other Expenses-$623-$623
Fees for Services Legal-$555-$555
Fees for Services Accounting-$80-$80
Total Functional Expenses$637,000$5,361$62,345$704,706
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cure Alzheimers FundWellesley Hills, MA-To fund Alzheimer's research$637,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$94,529
Fundraising Gross Income$59,449
Professional Fundraising Fees$46,492

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Rick Sharp 2017 Gold Classic$802,764$59,449$65,113$-5,664
Total Events$802,764$59,449$94,529$-35,080
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
-see belowFundraising EventNo$41,401

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
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
No
Other officer compensation reviewed
No
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 2: Description of Business or Family Relationship of Officers, Directors, Et

“Richard S. Birnbaum is an independent contractor providing consulting services on a project basis for a company that Sherry Sharp controls through majority ownership. Cheryl Jennings, James P. Karides, and Sherry Sharp are employees of a company that Sherry Sharp controls through majority ownership.”

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

“The 990 was made available to designated members of the board electronically by e-mail for their review before filing”

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

“Article III of the organization's Conflict of Interest Policy includes procedures for the Board to follow to assure that persons who have a conflict of interest will not have influence over any business deals with themselves nor be able to set their own compensation.”

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

“The organization makes its documents available to the public by providing electronic copies upon written request at no charge or by providing paper copies upon written request subject to a nominal fee.”

Filing and Contact Details

Filer

Filer Name
Rick Sharp Alz Foundation
EIN
46-4438822
Phone
8046013090
Address
PO BOX 42333, RICHMOND, VA 23242

Signing Officer

Name
James P Karides CPA
Title
Treasurer
Signed
2018-09-28

Organization Details

Principal Officer
James P Karides CPA
Formed
2013
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0743315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0388900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01132215
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt01132215
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0743315
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0388900
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01132215
IRS990ScheduleA/TotalSupportAmt01132215
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0Fundraising
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt1Fundraising
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt2Fundraising
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt3Fundraising
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt4Fundraising
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd1false
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd2false
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd3false
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd4false
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd5false
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd6false
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Hovis Consulting LLC
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt1Rocket Pop Media
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt2OBrien et al Advertising
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt3Swisher Auctions
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0Michelle Jenkins
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt021400
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt115000
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt210853
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt36443
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt45000
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt04626 Kensington Avenue
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt14116 W Franklin Street
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt22530 W Main Street
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt33113 Pacific Avenue
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt42924 Kensington Avenue
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Richmond
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm1Richmond
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm2Richmond
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm3Virginia Beach
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm4Richmond
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd1VA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd2VA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd3VA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd4VA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd023226
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd123221
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd223220
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd323451
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd423221
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0743315
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0743315
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt094529
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Rick Sharp 2017 Gold Classic
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt029416
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt029416
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0802764
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0802764
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt059449
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt059449
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-35080
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt065113
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt065113
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0VA
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/TotalRetainedByContractorsAmt058696
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0637000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To fund Alzheimer's research
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Cure Alzheimers Fund
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt034 Washington St Suite 200
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Wellesley Hills
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002481
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0ProsInc LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0see below
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt041401
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Fundraising Event
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Schedule L, Part IV, Line 1, column (b) Relationship between interested party and the organization: Entity is more than 35% owned by director, WILLIAM "GIFF" BREED.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Richard S. Birnbaum is an independent contractor providing consulting services on a project basis for a company that Sherry Sharp controls through majority ownership. Cheryl Jennings, James P. Karides, and Sherry Sharp are employees of a company that Sherry Sharp controls through majority ownership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WAS MADE AVAILABLE TO DESIGNATED MEMBERS OF THE BOARD ELECTRONICALLY BY E-MAIL FOR THEIR REVIEW BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Article III of the organization's Conflict of Interest Policy includes procedures for the Board to follow to assure that persons who have a conflict of interest will not have influence over any business deals with themselves nor be able to set their own compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC BY PROVIDING ELECTRONIC COPIES UPON WRITTEN REQUEST AT NO CHARGE OR BY PROVIDING PAPER COPIES UPON WRITTEN REQUEST SUBJECT TO A NOMINAL FEE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,886
Liabilities
$238
Net assets
$38,648
Revenue
$714,595
Expenses
$704,706
Net income
$9,889
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.09$0.49$0.57$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.22$0.01$1.21$0.53$0.60$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.32$0.89$0.65$0.23
2021Detailed filing. Detailed filing data is available for this year.$1.13$0.01$1.11$0.70$0.60$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.86$0.53$0.33
2019Detailed filing. Detailed filing data is available for this year.$0.71$0.01$0.70$1.02$0.59$0.43
2018Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.29$0.86$0.60$0.27
2017Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.71$0.70$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.37$0.34$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00