Civic Intelligence

Rick Sharp Alz Foundation

990 • Fiscal year 2021 • EIN 46-4438822

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 17, 2022

900 Laskin Rd 200Virginia Beach, VA 23451

(804) 601-3090

Siviq Scores

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

Liabilities / Assets

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.02x

Higher debt load relative to revenue than 30% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

54th percentile

15%

Higher net margin than 54% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

52nd percentile

10%

Faster asset growth than 52% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

15th percentile

-18%

Faster revenue growth than 15% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,126,907

Up $106,015 (+10%) from 2020

Net Assets

Up

$1,113,880

Up $93,222 (+9.1%) from 2020

Liabilities

Up

$13,027

Up $12,793 (+5467%) from 2020

Revenue

Down

$702,010

Down $155,639 (-18%) from 2020

Expenses

Up

$596,221

Up $68,284 (+13%) from 2020

Net Income

Down

$105,789

Down $223,923 (-68%) from 2020

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

2021

Assets$1,126,907
Liabilities$13,027
Net Assets$1,113,880

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

2021

Revenue$702,010
Expenses$596,221
Net Income$105,789
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 17, 2022
Return Version
2021v4.0
Gross Receipts
$716,813
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
Savings and Temporary Cash Investments$595,797$677,135▲ $81,338
Cash and Non-Interest-Bearing Accounts$421,295$433,772▲ $12,477
Accounts Receivable$3,800$16,000▲ $12,200
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$1,020,892$1,126,907▲ $106,015
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$234$13,027▲ $12,793
Total Liabilities$234$13,027▲ $12,793
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,020,658$1,113,880▲ $93,222
Total Net Assets Fund Balance$1,020,658$1,113,880▲ $93,222
Total Liabilities and Net Assets / Fund Balance$1,020,892$1,126,907▲ $106,015
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$695,665
Program Service Revenue
$0
Investment Income
$12,729
Other Revenue
$-6,384
All Other Contributions
$567,998
Change in Net Assets
$105,789
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$422,500
Other Expenses$125,521
Total Fundraising Expense$98,924
Professional Fundraising Fees$48,200
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$422,500--$422,500
Fees for Services Professional Fundraising--$48,200$48,200
Office Expenses-$5,664-$5,664
Fees for Services Legal-$975-$975
Other Expenses-$3,800$500$500
Fees for Services Other-$410-$410
Fees for Services Accounting-$105-$105
Total Functional Expenses$422,500$74,797$98,924$596,221
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cure Alzheimers FundWellesley Hills, MA-To fund Alzheimer's research$172,500
John Hopkins UniversityBaltimore, MD-To fund Alzheimer's research$150,000
University of VirginiaCharlottesville, VA-To fund Alzheimer's research$100,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$48,200
Fundraising Direct Expenses$12,102
Fundraising Gross Income$5,718

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Giving Tuesday$72,799-$117-
Pro-Am Classic$39,753$5,718$7,125$-1,407
Total Events$126,307$5,718$11,994$-6,276
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 35% controlled entity
No
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
900 LASKIN RD 200, VIRGINIA BEACH, VA 23451

Signing Officer

Name
James P Karides CPA
Title
Treasurer
Signed
2022-10-17

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 = -$12567

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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0105789
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0595797
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0677135
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0701383
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0860313
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01022153
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0889977
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0749675
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04223501
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.43530
IRS990ScheduleA/PublicSupportPY170Pct00.49800
IRS990ScheduleA/PublicSupportTotal170Amt01838396
IRS990ScheduleA/SubstantialContributorsTotAmt02385105
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0701383
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0860313
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01022153
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0889977
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0749675
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04223501
IRS990ScheduleA/TotalSupportAmt04223501
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
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IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Monumental Consulting LLC
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt1Rocket Pop Media
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt052000
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt114067
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt03810 Solebury Place
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt12530 W Main Street
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Midlothian
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm1Richmond
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IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd123220
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0120589
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt072799
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt034035
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt013755
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt011994
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GIVING TUESDAY
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Pro-Am Classic
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt04305
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt04305
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt072799
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt039753
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt013755
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt05718
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt05718
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-6276
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0447
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07689
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07125
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IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/TotalRetainedByContractorsAmt066067
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0172500
IRS990ScheduleI/RecipientTable/CashGrantAmt1150000
IRS990ScheduleI/RecipientTable/CashGrantAmt2100000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To fund Alzheimer's research
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1To fund Alzheimer's research
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2To fund Alzheimer's research
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Cure Alzheimers Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1John Hopkins University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2University of Virginia
IRS990ScheduleI/RecipientTable/RecipientEIN0522396428
IRS990ScheduleI/RecipientTable/RecipientEIN1520595110
IRS990ScheduleI/RecipientTable/RecipientEIN2546001796
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt034 Washington St Suite 200
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1550 N Broadway Suite 906
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO Box 800773
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Wellesley Hills
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Baltimore
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Charlottesville
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002481
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd121205
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd222908
IRS990ScheduleI/Total501c3OrgCnt03

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