SHARP Literacy does not meet the following 1 Standards for Charity Accountability:
Standard 6 (Board Policy on Effectiveness)
Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.
SHARP Literacy does not meet this Standard because:
- The organization's effectiveness assessment policy does not specify that this assessment will take place at least once every two years.
The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability:
1
7
SHARP Literacy meets the remaining 17 Standards for Charity Accountability.
SHARP Literacy reports that it operates in Wisconsin to develop curricula and work with educators across 43 public, choice, and charter schools in Milwaukee County and Waukesha County in order to educate urban-based students from 3rd grade through 5th grade, with a focus on teaching science, technology, engineering, art, and math (STEAM). The organization's programming utilizes classroom learning with visual arts integration, educational tours, and community engagement. SHARP Literacy also offers after school and summer learning programs. In 2018-2019, the organization states that its Design Through Code program served more than 1,000 students at 11 schools. In addition, SHARP Literacy served 375 students through its summer learning program in collaboration with 16 community sites.
For the year ended June 30, 2019, SHARP Literacy's program expenses were:
| Program services |
$783,897 |
| Total Program Expenses: |
$783,897 |
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Chief Executive
Lynda Kohler, President and Chief Executive Officer
-
Compensation*
$139,567
-
Chair of the Board
Tom Mroczkowski
-
Chair's Profession / Business Affiliation
Product Director, Digital Workspace, Northwestern Mutual
-
Board Size
32
-
Paid Staff Size
20
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Radio
Fundraising costs were 18% of related contributions. (Related contributions, which totaled $1,098,031 are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on SHARP Literacy's audited financial statements for the year ended June 30, 2019.
| Source of Funds |
| Foundation grants |
$770,107 |
| Special events, net |
$238,127 |
| Investment income |
$72,906 |
| In-kind contributions |
$48,485 |
| Contributions |
$41,312 |
| Schools program fees |
$20,419 |
| Book sales, net |
$309 |
| Goods sold, net |
($1,478) |
| Total Income |
$1,190,187 |
- Programs: 73%
- Fundraising: 18%
- Administrative: 9%
| Total Income |
$1,190,187 |
| Program expenses |
$783,897 |
| Fundraising expenses |
$195,538 |
| Administrative expenses |
$108,693 |
| Other expenses |
$0 |
| Total expenses: |
$1,088,128 |
| Income in Excess of Expenses |
$102,059 |
| Beginning Net Assets |
$2,166,779 |
| Other Changes In Net Assets |
$0 |
| Ending Net Assets |
$2,268,838 |
| Total Liabilities |
$117,618 |
| Total Assets |
$2,386,456 |
Note: According to SHARP Literacy's audited financial statements for the year ended June 30, 2019, the organzation received $48,485 in contributed goods and services including office space ($35,378), marketing and development ($8,107), and IT support ($5,000).