Civic Intelligence

Rick Sharp Alz Foundation

990 • Fiscal year 2018 • EIN 46-4438822

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 19, 2019

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

50th percentile

0.03x

Higher debt load relative to assets than 50% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

39th percentile

0.01x

Higher debt load relative to revenue than 39% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

99th percentile

663%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$296,654

Up $257,768 (+663%) from 2017

Net Assets

Up

$287,366

Up $248,718 (+644%) from 2017

Liabilities

Up

$9,288

Up $9,050 (+3803%) from 2017

Revenue

Up

$861,558

Up $146,963 (+21%) from 2017

Expenses

Down

$596,434

Down $108,272 (-15%) from 2017

Net Income

Up

$265,124

Up $255,235 (+2581%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$296,654
Liabilities$9,288
Net Assets$287,366

Operations Trend

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

2018

Revenue$861,558
Expenses$596,434
Net Income$265,124
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 19, 2019
Return Version
2018v3.1
Gross Receipts
$964,541
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. During 2015 the Foundation was inactive with its activities being organizational only.

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$38,884$290,002▲ $251,118
Accounts Receivable-$6,650-
Savings and Temporary Cash Investments$2$2→ $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$38,886$296,654▲ $257,768
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$238$9,288▲ $9,050
Total Liabilities$238$9,288▲ $9,050
Net Assets / Fund Balance
Unrestricted Net Assets$38,648$287,366▲ $248,718
Total Net Assets Fund Balance$38,648$287,366▲ $248,718
Total Liabilities and Net Assets / Fund Balance$38,886$296,654▲ $257,768
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$889,977
Program Service Revenue
$0
Investment Income
$16,227
Other Revenue
$-44,646
All Other Contributions
$596,360
Change in Net Assets
$265,124

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$37,638Fair Market Value (FMV)
Total Noncash Contributions5$37,638-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$385,000
Other Expenses$171,303
Total Fundraising Expense$155,039
Professional Fundraising Fees$40,131
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$385,000--$385,000
Fees for Services Professional Fundraising--$40,131$40,131
Office Expenses-$2,419-$2,419
Travel-$733-$733
Other Expenses-$686$4,000$686
Fees for Services Legal-$495-$495
Fees for Services Accounting-$87-$87
Total Functional Expenses$385,000$56,395$155,039$596,434
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cure Alzheimers FundWellesley Hills, MA-To fund Alzheimer's research$330,000
John Hopkins UniversityBaltimore, MD-To fund Alzheimer's research$50,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$81,753
Professional Fundraising Fees$40,131
Fundraising Gross Income$37,107

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Adrva$330,724$37,107$44,646$-7,539
Total Events$330,724$37,107$81,753$-44,646
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
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
2019-08-19

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
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

diff btw donor original and fmv of basis for sold stock = -$16406

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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0265124
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0883327
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0743315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0388900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02015542
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt02015542
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0883327
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0743315
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0388900
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02015542
IRS990ScheduleA/TotalSupportAmt02015542
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0Fundraising
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt1Fundraising
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd1false
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd2false
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd3false
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd4false
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd5false
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd6false
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd7false
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Monumental Consulting LLC
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt1Rocket Pop Media
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt040000
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt123675
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt03810 Solebury Place
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt12530 W Main Street
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Midlothian
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm1Richmond
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd1VA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd023113
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd123220
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0293617
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0293617
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt081753
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ADRVA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt037107
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt037107
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0330724
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0330724
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt037107
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt037107
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-44646
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt044646
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt044646
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0VA
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/TotalRetainedByContractorsAmt063675
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0330000
IRS990ScheduleI/RecipientTable/CashGrantAmt150000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To fund Alzheimer's research
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1To fund Alzheimer's research
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Cure Alzheimers Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1John Hopkins University
IRS990ScheduleI/RecipientTable/RecipientEIN0522396428
IRS990ScheduleI/RecipientTable/RecipientEIN1520595110
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt034 Washington St Suite 200
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1550 N Broadway Suite 906
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Wellesley Hills
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Baltimore
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002481
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd121205
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0ProsInc LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0see below
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
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
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt05
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt037638
IRS990ScheduleM/ThirdPartiesUsedInd0false
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.

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