RICK SHARP ALZ FOUNDATION

EIN: 464438822 501(c)(3) Diseases & Disorders

VIRGINIA BEACH, VA

Total Revenue
$637,499
Total Expenses
$686,413
Total Assets
$815,546
Net Assets
$801,481
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
VA
Principal Officer
JAMES P KARIDES CPA
Phone
8046013090
Tax Period
2025-01-01 to 2025-12-31

RICK SHARP ALZ FOUNDATION, founded in 2013, is a small nonprofit in the Diseases & Disorders sector that reported $637K in total revenue in fiscal year 2025. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

The Foundation was founded by Sherry Sharp for the purpose of ending Alzheimer's disease and related cognitive diseases by inspiring collaboration for research and fund raising. The Foundation is named after Mrs. Sharp's late husband, Richard L. Sharp, who died from a rare form of Alzheimer's in June 2014.

Program Service Accomplishments

Program 1
Expenses: $533,334

To raise funds to promote Alzheimer's research and Alzheimer's disease awareness

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $418,585
Program Service Revenue $0
Investment Income $285,507
Other Revenue $-66,593
TOTAL REVENUE $637,499

Expense Breakdown

Grants Paid $533,334
Salaries & Benefits $0
Fundraising Expenses $82,247
Program Expenses $533,334
Other Expenses $107,479
TOTAL EXPENSES $686,413

Year-over-Year Comparison

2025 2024 Change
Revenue $637,499 $485,163 +0.3%
Expenses $686,413 $567,544 +0.2%
Net Income $-48,914 $-82,381 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERRY A SHARP President 3.00
Officer Director
$0 $0 $0
WILLIAM GIFF BREED Director 1.00
Director
$0 $0 $0
RICHARD S BIRNBAUM Director 10.00
Director
$0 $0 $0
W STEPHEN CANNON Director 1.00
Director
$0 $0 $0
J RAND BAGGESEN MD Director 1.00
Director
$0 $0 $0
W JEFFERSON O'FLAHERTY Director 1.00
Director
$0 $0 $0
JAMES P KARIDES CPA SECTY/TREAS 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $637,499 $686,413 $815,546 $-48,914
2024 $485,163 $567,544 $1,098,168 $-82,381
2023 $532,206 $604,214 $1,221,951 $-72,008
2022 $888,776 $654,513 $1,326,199 $234,263
2021 $702,010 $596,221 $1,126,907 $105,789
2020 $857,649 $527,937 $1,020,892 $329,712
2019 $1,016,898 $587,060 $707,698 $429,838
2018 $861,558 $596,434 $296,654 $265,124
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