Nonprofit · EIN 86-3815687
SHARON TOWERS FOUNDATION
Tax-exempt · CHARLOTTE, NC 28210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $691,291 | $43,570 | $647,721 | $3,826,848 | $236,412 | $3,590,436 |
| December 31, 2023 | 990 | $1,105,395 | $85,600 | $1,019,795 | $3,135,705 | $192,990 | $2,942,715 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $501,200
- Program service revenue
- $0
- Investment income
- $190,091
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $35,700
- Salaries, compensation and benefits (total)
- $42,396
- Professional fundraising fees
- $0
- Program services (functional)
- $42,546
- Fundraising (functional)
- $1,024
Balance sheet and other
- Total assets, start of year
- $3,135,705
- Total assets, end of year
- $3,826,848
- Total liabilities, end of year
- $236,412
- Net assets, end of year
- $3,590,436
- Net assets without donor restrictions
- $3,590,436
- Gross receipts
- $691,291
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2021
- State of legal domicile
- NC
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANGELA RIGSBEE | PRESIDENT & CEO Officer | 1 | $0 | $286,390 | $34,057 |
| CHARLES GASKINS | CFO Officer | 1 | $0 | $251,746 | $41,938 |
| NED MCCONNELL | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VINCENT PRATT | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KELLY GRAVES | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KATHERINE RICHARDS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TIMOTHY IGNASHER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANGELA RIGSBEE | PRESIDENT & CEO Officer | 1 | $0 | $260,954 | $28,155 |
| CHARLES GASKINS | CFO Officer | 1 | $0 | $228,727 | $32,901 |
| NED MCCONNELL | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VINCENT PRATT | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KELLY GRAVES | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KATHERINE RICHARDS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5100 SHARON ROAD, CHARLOTTE, NC 28210-4768
- In care of
- % PRESIDENT
- Principal officer (990 for 2024)
- ANGELA RIGSBEE, 5100 SHARON ROAD, CHARLOTTE, NC 28210
- Signed the 990
- ANGELA RIGSBEE, PRESIDENT AND CEO
- Phone
- (704) 553-1670
- Website
- WWW.THESHARON.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE SHARON FOUNDATION EXISTS SOLELY FOR THE BENEFIT OF THE PRESBYTERIAN HOME AT CHARLOTTE, INC. (D/B/A THE SHARON AT SOUTHPARK) AND ITS RESIDENTS.
Program accomplishments
- THE SHARON FOUNDATION WAS ESTABLISHED AS A SUPPORTING ORGANIZATION THAT SUPPORTS THE MISSION OF THE PRESBYTERIAN HOME AT CHARLOTTE, INC. (THE SHARON AT SOUTHPARK) BY FURTHERING ITS FINANCIAL ASSISTANCE AND FUNDRAISING GOALS.Expenses $42,546
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-3815687
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L11)
- Assets (IRS master file)
- $3,826,848
- Income (IRS master file)
- $691,291
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $691,291 | $43,570 | $3,826,848 | XML |
| 990 | December 2023 | $1,105,395 | $85,600 | $3,135,705 | XML |
| 990 | December 2022 | $1,030,310 | $102,500 | $2,030,311 | IRS |
| 990 | December 2021 | – | – | – | 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 86-3815687).
Questions about SHARON TOWERS FOUNDATION
- What is the EIN of SHARON TOWERS FOUNDATION?
- The employer identification number (EIN) of SHARON TOWERS FOUNDATION is 86-3815687.
- Is SHARON TOWERS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to SHARON TOWERS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does SHARON TOWERS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SHARON TOWERS FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHARON TOWERS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SHARON TOWERS FOUNDATION?
- The 990 for the year ended December 31, 2024 names ANGELA RIGSBEE.
- Who are the officers and directors of SHARON TOWERS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does SHARON TOWERS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $691,291, expenses of $43,570 and total assets of $3,826,848 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Housing and shelter