Nonprofit · EIN 54-1526891
SHARP FOUNDATION
Tax-exempt · VIRGINIA BCH, VA 23451
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $76,022 | $1,197,556 | -$1,121,534 | $1,098,384 | $0 | $1,098,384 |
| December 31, 2024 | 990-PF | $2,135,549 | $1,379,229 | $756,320 | $2,219,918 | $0 | $2,219,918 |
| December 31, 2023 | 990-PF | $2,940,023 | $1,610,919 | $1,329,104 | $1,502,848 | $0 | $1,502,848 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $74,940
- Interest
- $1,082
Expenses
- Grants and similar amounts paid
- $1,183,000
- Disbursements for charitable purposes
- $1,197,556
- Excise tax on investment income
- $1,057
Balance sheet and other
- Total assets, start of year
- $2,219,918
- Total assets, end of year
- $1,098,384
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,098,384
- Fair market value of assets
- $1,098,384
- Qualifying distributions
- $1,197,556
- Net investment income
- $76,022
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sherry A Sharp 900 LASKIN ROAD STE 200, VIRGINIA BEACH, VA 23451 | President | 1 | $0 |
| James P Karides 900 LASKIN ROAD STE 200, VIRGINIA BEACH, VA 23451 | Secty/Treas | 1 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sherry A Sharp 900 LASKIN ROAD STE 200, VIRGINIA BEACH, VA 23451 | President | 1 | $0 |
| James P Karides 900 LASKIN ROAD STE 200, VIRGINIA BEACH, VA 23451 | Secty/Treas | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cheryl R Jennings 900 LASKIN ROAD STE 200, VIRGINIA BEACH, VA 23451 | Secretary | 1 | $0 |
| Sherry A Sharp 900 LASKIN ROAD STE 200, VIRGINIA BEACH, VA 23451 | President | 1 | $0 |
| James P Karides 900 LASKIN ROAD STE 200, VIRGINIA BEACH, VA 23451 | Treasurer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 900 LASKIN RD STE 200, VIRGINIA BCH, VA 23451-3979
- Signed the 990-PF
- James P Karides, Treasurer
- Phone
- (804) 601-3090
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 54-1526891
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $1,098,384
- Income (IRS master file)
- $76,022
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $76,022 | $1,197,556 | $1,098,384 | XML |
| 990-PF | December 2024 | $2,135,549 | $1,379,229 | $2,219,918 | XML |
| 990-PF | December 2023 | $2,940,023 | $1,610,919 | $1,502,848 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1526891).
Questions about SHARP FOUNDATION
- What is the EIN of SHARP FOUNDATION?
- The employer identification number (EIN) of SHARP FOUNDATION is 54-1526891.
- Is SHARP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to SHARP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SHARP FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SHARP FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHARP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of SHARP FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does SHARP FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $76,022, expenses of $1,197,556 and total assets of $1,098,384 at year end.
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