Sharks Alumni Foundation
Nonprofit profile at a glance
- EIN
- 205905987
- IRS 990-EZ coverage
- 2014–2024
- Forms available
- Form 990 2018, Form 990-EZ 2024, Form 990-N 2008
- Location
- San Jose, CA, USA
- Phone
- 4088193006
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $112,796
- Expenses
- $67,072
- Assets
- $288,928
- Liabilities
- $28,529
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- SCOTT HANNAN (PRESIDENT & DIRECTOR)
People named in this filing
- DAVID MALEY (DIRECTOR)
- JIM WEST (DIRECTOR)
- SCOTT HANNAN (PRESIDENT & DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Grants to underserved youth to play sports
What it reported doing in 2024
Assist underserved youth up to age 18 to participate in sports and gain the many benefits that supervised amateur athletic programs provide. Mental and physical well-being, confidence, ethical character and good sportsmanship are qualities that last a lifetime. By sponsoring young athletes to participate in sports skills development classes, sports training camps, fitness programs, competitive leagues and competitive tournaments that are conducted by other sports and community organizations and provide equipment for such activities.
Operating model
- Revenue model
- Other-operating. 78% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 82
- Sustainability: 81
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 53.2%; rating input score 53
- Program expense ratio: 89.1%; rating input score 89
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 40.5%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 4.31; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 30.2% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: -1.1% per year; rating input score 0; 17th percentile among comparable filings
- Asset growth: 9.4% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 53.2% of revenue deployed · 89.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $60K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 53/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.