Maria Sharapova Foundation Inc
- Assets
- $109.1k
- Revenue
- $1.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 08/2006
- Data as of
- 12/2022
- EIN
- 20-4968807
Organization Overview
Maria Sharapova Foundation Inc is located in Cleveland, OH. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maria Sharapova Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Maria Sharapova Foundation Inc generated $1.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 70.8% each year . All expenses for the organization totaled $25.0 during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PROGRAMS AND DEVELOP PARTNERSHIPS WITH OTHER CHARITABLE ENTITIES THAT WORK WITH AT-RISK CHILDREN OF ALL AGES IN THE DEVELOPMENT OF THE CHILD'S INDIVIDUAL STRENGTHS AND TALENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARIA SHARAPOVA FOUNDATION, INC. ENTERED INTO A GRANT MAKING AGREEMENT WITH THE UNITED NATIONS DEVELPMENT PROGRAMME (UNDP) EFFECTIVE AS OF OCTOBER 27, 2008. UNDER THE AGREEMENT, THE FOUNDATION MADE GRANTS TO THE UNDP TOTALING $161,700 WITH GRANTS BEGINNING IN 2009 AND ENDING IN 2013. THE 1ST INSTALLMENT UNDER THE AGREEMENT WAS MADE ON JULY 9, 2009 IN THE AMOUNT OF $25,200, THE 2ND ON JULY 7, 2010 WITH $21,000, THE 3RD ON JUNE 27, 2011 WITH $31,500, THE 4TH ON NOVEMBER 11, 2012 WITH $42,000, AND THE 5TH ON OCTOBER 14, 2013 FOR $42,000. NO FURTHER GRANTS WERE MADE THEREAFTER, OR IN 2016, AS SUFFICIENT FUNDS WERE ALREADY AVAILABLE FOR SCHOLARSHIPS. THE PURPOSE OF THE GRANT AGREEMENT IS TO ESTABLISH A SCHOLARSHIP PROGRAM AND PROVIDE FINANCIAL SUPPORT TO SELECTED STUDENTS AND UNIVERSITIES FROM THE CHERNOBYL-AFFECTED AREA OF BELARUS.
THE MARIA SHARAPOVA FOUNDATION, INC. ENTERED INTO A GRANT MAKING AGREEMENT WITH THE UNITED NATIONS DEVELPMENT PROGRAMME (UNDP) EFFECTIVE AS OF SEPTEMBER 27, 2012. UNDER THE AGREEMENT, THE MARIA SHARAPOVA FOUNDATION, INC. MADE GRANTS TO THE UNDP TOTALING $180,000 WITH GRANTS BEGINNING IN 2012 AND ENDING IN 2015. THE FIRST INSTALLMENT UNDER THE AGREEMENT WAS MADE ON NOVEMBER 12, 2012 IN THE AMOUNT OF $115,000, THE 2ND ON JANUARY 6, 2015 FOR $65,000. THE PURPOSE OF THE GRANT AGREEMENT IS TO PROVIDE FINANCIAL SUPPORT TO SELECTED SPORTS PROGRAMS FROM THE CHERNOBYL-AFFECTED AREA OF BELARUS & RUSSIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elena Sharapova President, Treasurer, Dire | 5 | $0 | |
Max Eisenbud Vice President & Director | 5 | $0 | |
Mark J Castell Secretary & Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,014 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $25 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $25 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,202 |
| Savings and temporary cash investments | $76,869 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $109,071 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Maria Sharapova Foundation Inc has awarded $38,593 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD CENTRAL KITCHEN PURPOSE: GENERAL SUPPORT | $20,000 |
AUSTRALIAN RED CROSS PURPOSE: GENERAL SUPPORT | $18,593 |