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THE SHARKS FOUNDATION WORKS TO (I) PROVIDE SUPPORT, ASSISTANCE, RESOURCES, AND MENTORING TO CURRENT, FORMER, AND FUTURE PLAYERS, MANAGEMENT AND ASSOCIATES OF THE SHARKS RUGBY TEAM (AND THEIR FAMILY MEMBERS AND DEPENDENTS), (II) SUPPORT THE HUMANITARIAN OR CHARITABLE PURPOSES OF FOUNDATIONS AND SIMILAR ORGANIZATIONS ESTABLISHED OR LED BY CURRENT OR FORMER PLAYERS OF THE SHARKS RUGBY TEAM, (III) TO SUPPORT HUMANITARIAN OR RELIEF EFFORTS AND ACTIVITIES IN THE CITY OF DURBAN AND SURROUNDING COMMUNITIES IN THE PROVINCE OF KWAZULU NATAL THROUGH GRANTMAKING.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$46.4K
Program Spending
54%
of total expenses go to program services
Total Contributions
$46.4K
Total Expenses
▼$18.5K
Total Assets
$29K
Total Liabilities
▼$0
Net Assets
$29K
Officer Compensation
→N/A
Other Salaries
N/A
Investment Income
$0
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $46.4K | $46.4K | $18.5K | $29K | $29K |
| 2023 | $65.5K | $65.5K | $66.2K | $1,072 | $1,072 |
| 2022 | $0 | $0 | $1,543 | $1,747 | $1,747 |
| 2021 | $130K | $130K | $126.7K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Marco V Masotti | President | 1 | $0 | $0 | $0 | $0 |
| Michaela S Masotti | Secretary | 1 | $0 | $0 | $0 | $0 |
| Tracy A Stein | Treasurer | 1 | $0 | $0 | $0 | $0 |
Marco V Masotti
President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michaela S Masotti
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tracy A Stein
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $3,290 |
| $3,290 |
| 2021 | 990 | DataIRS e-File |