Sharp Literacy Inc

Nonprofit profile at a glance

EIN
391963963
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Milwaukee, WI, USA
Phone
4144103200
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Family Services

Official website

Reported finances

Revenue
$1,094,326
Expenses
$1,381,952
Assets
$2,447,090
Liabilities
$74,130

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

33 people listed

Executive titles in this filing

  • LYNDA WELSH (PRESIDENT/CEO)

Highest reported compensation

  • LYNDA WELSH (PRESIDENT/CEO): $237,457 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Sharp partners with educators to foster a love of learning and brighten children's futures through innovative steam-based experiential programs.

What it reported doing in 2024

See schedule o for program service accomplishments.school year programsk3 physicsour youngest learners discover concepts of physical science through play, art, music, movement, read alouds, and sel activities. By experimenting with items that sink or float, coloring a rainbow, dancing about gravity, or listening to a story about force and motion, students become curious and grasp ideas about the fascinating world around them. K4 animalsadventures await k4 students as they learn about animals. Through an arts integrated approach that combines steam, literacy, and sel, students learn the difference between living and nonliving things, methods in which animals communicate, various habitats and adaptations, and shelters. Curiosity is sparked through engaging activities including listening to the songs of whales, designing a home for their favorite furry or feathered friend, and taking a virtual journey to the desert with a camel, the rainforest with a toucan, and the coral reef with a sea turtle. K5 plantsstudents follow the journey of a seed to a plant and discover how plants grow and change through the seasons. Sharp's arts integrated approach combines steam, literacy, and sel and enables students to explore the science of plants while making personal connections. Through read alouds, observation of nature, hands-on art, and visualization, students grow and thrive like the very plants they are studying. Art projects include magic tree sculptures, 3d flowers, and a collaborative classroom lollipop tree mural. 1st pollinatorswhat is all the buzz about? Pollinators! Through an arts integrated approach that combines steam, literacy, and sel, students explore various pollinators and take an in depth look at honeybees, their fascinating characteristics, and the importance of their role to all living this. Students learn about honeybee jobs in the colony, methods of communication, and anatomy while discovering what makes them the planet's greatest pollinators. Collaborative activities and art projects including the waggle dance, scientific bee sculptures, and a community quilt promote curiosity and awareness about the environment. 2nd cycles in naturestudents take a deep dive into cycles in nature through steam, literacy, and sel. Engaging project-based learning and arts-integration by creating a "cycle shadow box", young learners deepen their understanding of science concepts, build critical thinking skills, and develop social and emotional competencies while boosting curiosity and a love of learning. 3rd - discover waukeshastudents engage in an eye-opening experience about the rich history of their city and its exciting people, places, and things of today. Young learners look toward waukesha's future and their role in the community. Sharp's arts integrated approach combines social studies, literacy, and sel, and promotes student engagement through collaborative activities including waukesha sculptures, a class riverwalk mural, and a personalized guitar design inspired by musician and innovator les paul. Through sharp workshops, students will literally discover waukesha and develop a deeper connection to the place they call home. 3rd code and designembark on an exciting journey into the world of video game design with our hands-on and interactive workshops. Young game enthusiasts will dive into the fundamentals of video game design, learning how to create their own unique games using block coding. Students first learn about algorithms, loops, events, logic, and debugging. Students learn how to use basic tools to design characters, environments, and other in-game elements like goal, interaction, rules, and challenge. Students build on this foundation to make a game using skills in storytelling, problem-solving, and digital creativity. By the end of this course, students will not only have a solid grasp of the basic principles of video game design but will also have created their own fully functional and engaging video games that they c

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 65
  • Accountability: 90
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83%; rating input score 83
  • Program expense ratio: 64.9%; rating input score 65
  • Fundraising efficiency: $3.45 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -26.3%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 1.77; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 58; 58th percentile among comparable filings
  • Officer compensation ratio: 17.2%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 5.3% per year; rating input score 100; 44th percentile among comparable filings
  • Revenue growth: 4.2% per year; rating input score 100; 38th percentile among comparable filings
  • Asset growth: 1.7% per year; rating input score 100; 24th percentile among comparable filings

Details

  • Where the money goes: 83% of revenue deployed · 64.9% of spending went to programs
  • Governance: 32 of 32 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $896K in reported program spending
  • Leadership: top reported pay $237K · 33 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 11/100.
  • High — Sustainability: Operating margin scored 7/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Officer compensation ratio scored 19/100.
  • Review — Sustainability: Liabilities to assets ratio scored 58/100.