Better Business Bureau Report for
SHARP Literacy

Better Business Bureau Report issued April 2018
Better Business Bureau Report expires April 2020


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: SHARP Literacy
Address: 5775 North Glen Park Road, Suite 202
  Milwaukee, WI 53209
Phone: 414-977-1768
Web Address: http://www.sharpliteracy.org/
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Better Business Bureau Comments

Year, State Incorporated: 1999, Wisconsin
Affiliates: None
Stated Purpose: "to enhance future life success by energizing urban children, motivating them to identify themselves as confident, capable scholars and lifelong learners by inspiring engagement in reading, writing and research through hands-on interaction and visual arts."

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Evaluation Conclusions

              

SHARP Literacy meets the 20 Standards for Charity Accountability.
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Programs

              

SHARP Literacy reports that it is designed to help teachers integrate arts into the required social studies and science curricula to help students improve reading, writing, researching, and verbal expression. The organization states that it utilizes visual arts integration, educational tours, and community engagement in the classroom. In 2016-2017, SHARP Literacy reports that it partnered with 35 schools. During the same fiscal year, the organization introduced its 14th We Love to Learn book and its K4 program focusing on "Living Things" was piloted in 13 schools in Milwaukee and Waukesha County Wisconsin.

For the fiscal year ended June 30, 2017, SHARP Literacy's program expenses were:

  
Program services 818,096
Total Program Expenses: $818,096
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Governance

              

Chief Executive : Lynda Kohler, President and Chief Executive Officer
Compensation*: 
$143,420

Chair of the Board: Douglas C. Erlacher
Chair's Profession / Business Affiliation: Senior Vice President, Wealth Brokerage, Wells Fargo Advisors, LLC

Board Size: 29

Paid Staff Size: 23

*2016 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

Direct mail, special events, planned giving, grant proposals, and Internet appeals.
Fund raising costs were 15% of related contributions. (Related contributions, which totaled $802,138, are donations received as a result of fund raising activities.)
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Tax Status

              

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.
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Financial

              

The following information is based on SHARP Literacy's audited financial statements for the fiscal year ended June 30, 2017.

Source of Funds  
Foundation grants 498,608
Special events, net 204,772
Investment income 112,371
In-kind contributions 50,449
Contributions 48,309
Revenue from schools program fees 5,652
Book sales, net -11,752
Total Income $908,409


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Uses of Funds as a % of Total Expenses

Programs: 77%  Fund Raising: 12%  Administrative: 11% 

Total income $908,409
Program expenses $818,096
Fund raising expenses 123,603
Administrative expenses 120,074
Total expenses $1,061,773
Expenses in Excess of Income (153,364)
Beginning net assets 2,287,803
Ending net assets 2,134,439
Total liabilities 74,396
Total assets $2,208,835

Note: According to SHARP Literacy's audited financial statements for the fiscal year ended June 30, 2017, the organization received $50,449 in contributed goods and services including office space ($35,378), marketing and development ($6,610), IT support ($4,583), and printing ($3,878).

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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