Overview
What is The Sharks Foundation?
The Sharks Foundation, based in San Jose, California, is a charitable organization dedicated to uplifting underserved youth and families. Their areas of focus include education, health and safety, and character building. During the 2021-22 period, they launched an expanded giving campaign, known as Community Assist Grants, which involved various community activities and support from Sharks fans, players, staff, and partners. The Sharks Foundation also provides emergency aid when necessary, executes relevant programming, supports youth hockey, and offers financial support and resources to organizations that positively impact the lives of those in need.
Official website here: www.nhl.com/sharks/sharksfoundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. The Sharks Foundation has demonstrated strengths in governance with a fully independent board, which indicates a good level of oversight and potential for ethical decision-making. The organization has also effectively managed its liabilities to assets ratio, scoring full points in this area, and maintains a solid program expense ratio, dedicating a significant portion of its resources to its programs.
However, the Foundation has notable weaknesses that contribute to its lower rating. There are issues related to the lack of financial statements, which prevents transparent assessment of its financial health. In addition, important policies such as conflict of interest, whistleblower, and document retention are missing, indicating potential gaps in governance and accountability practices.
Overall, while The Sharks Foundation shows promise in certain governance aspects and financial management, the lack of essential policies and the absence of financial statements are critical limitations that need addressing to improve its rating and instill greater confidence among potential donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Sharks Foundation?
98% of 39 reviewers on Facebook recommend The Sharks Foundation. Here is a summary of their reviews:
Many users commend the organization for its commitment to supporting the community and note how impactful their initiatives are across various age groups. The enthusiasm for their efforts reflects a genuine appreciation for the work being done, with one reviewer highlighting their inspirational role.
Overall, supporters express satisfaction with the foundation's effectiveness and dedication, indicating that it truly makes a difference in the lives of those it serves.
This AI summary has been generated from reviews found on Facebook.
Is The Sharks Foundation legitimate?
The Sharks Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sharks Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $344,359
For more financial information, click here
Official website here: www.nhl.com/sharks/sharksfoundation
What is the mission statement of The Sharks Foundation?
The Sharks Foundation, committed to enhancing the lives of underserved youth and families, focuses on three key areas: education, health and safety, and character building. The organization goes beyond basic assistance by providing emergency aid when necessary, executing relevant programs, supporting youth hockey, and offering financial support and resources to organizations that enrich the lives of those in need. The foundation's mission is to positively impact the community, promoting growth and well-being for its youth and families.
Official website here: www.nhl.com/sharks/sharksfoundation
Who is the CEO of The Sharks Foundation?
Greg Matthews is the President of The Sharks Foundation.
Official website here: www.nhl.com/sharks/sharksfoundation
What is the revenue of The Sharks Foundation?
The Sharks Foundation's revenue in 2022 was $1,322,204.
Official website here: www.nhl.com/sharks/sharksfoundation
Who are the executives of The Sharks Foundation and what are their salaries?
There 68 volunteers at The Sharks Foundation.
Here are 13 key members and their salaries:
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Official website here: www.nhl.com/sharks/sharksfoundation
Where can I find the form 990 for The Sharks Foundation?
The Sharks Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nhl.com/sharks/sharksfoundation
Learn more at the official website: www.nhl.com/sharks/sharksfoundation
Mission Statement of The Sharks Foundation
The Sharks Foundation is committed to enhancing the lives of underserved youth and families, with a particular focus on education, health and safety, and character building. This nonprofit organization is dedicated to making a positive impact in the community by providing emergency aid when necessary, executing relevant programming, supporting the advancement of youth hockey, and offering financial support and resources to organizations that enrich the lives of those in need. The Sharks Foundation's mission is to uplift and empower the underprivileged, fostering a sense of resilience and growth through its various initiatives.
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Impact
July, 2024
The Sharks Foundation is dedicated to enhancing the lives of underserved youth and families in the community, with a focus on education, health, safety, and character building. They provide emergency aid when needed, execute unique and relevant programming, support youth hockey, and offer financial support to organizations that enrich the lives of those in need. Through their community assist grants and various initiatives, The Sharks Foundation has a significant impact on promoting youth development and addressing critical needs within the community.
This information is meant to be a general summary of The Sharks Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $27
- Program Service Revenue: $84,780
- Gross Receipts: $1,615,392
Assets and Liabilities:
- Total Assets: $668,276
- Total Liabilities: $185,020
- Net Assets: $483,256
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISCELLANEOUS PROGRAM REVENUE
Revenue
$84,780
Organization Details
Founding Year
1994
Phone
(408) 999-5757Principal Officer
Greg Matthews
Main Address
525 WEST SANTA CLARA STREET, SAN JOSE, CA, 95113
NTEE Category
Code: O12 - Youth development
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