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Sharpe Education Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Human Services — Multipurpose and Other / Child Day Care (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$566k (2023)

Expenses
$495k (2023)

Total Assets
$667k (2023)

Total Liabilities
$1.3k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$566,305
Expenses
$495,431
Net Income
$70,874
Net Assets
$665,757
Notable Sources of Revenue Percent of Total Revenue
Contributions $147,947
26.1%
Program Services $401,183
70.8%
Investment Income $221
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $16,954
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $48,204
9.7%
Professional Fundraising Fees $0
Other Salaries and Wages $282,098
56.9%
Assets/Debt
Total Assets $667,060
Total Liabilities $1,303
Net Assets $665,757
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Toni Teters (Vice President) $38,204 $0 $0
Thomas M Sharpe (President) $10,000 $0 $0
Arjajee Anavachagul (Trustee) $0 $0 $0
Owen Lipscomb (Trustee) $0 $0 $0
Carol Harel (Trustee) $0 $0 $0
Julie Maples (Trustee) $0 $0 $0
Stacy Sharpe (Trustee) $0 $0 $0
Linda Sistrunk (Trustee) $0 $0 $0
Meredith Greene (Trustee) $0 $0 $0
Peggy Sharpe (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$725,898
Expenses
$406,046
Net Income
$319,852
Net Assets
$594,883
Notable Sources of Revenue Percent of Total Revenue
Contributions $345,474
47.6%
Program Services $365,197
50.3%
Investment Income $72
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15,155
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $34,887
8.6%
Professional Fundraising Fees $0
Other Salaries and Wages $207,872
51.2%
Assets/Debt
Total Assets $600,259
Total Liabilities $5,376
Net Assets $594,883
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Toni Teters (Vice President) $34,886 $0 $0
Arjajee Anavachagul (Trustee) $0 $0 $0
Owen Lipscomb (Trustee) $0 $0 $0
Carol Harel (Trustee) $0 $0 $0
Julie Maples (Trustee) $0 $0 $0
Stacy Sharpe (Trustee) $0 $0 $0
Linda Sistrunk (Trustee) $0 $0 $0
Meredith Greene (Trustee) $0 $0 $0
Thomas M Sharpe (President) $0 $0 $0
Peggy Sharpe (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$368,933
Expenses
$349,505
Net Income
$19,428
Net Assets
$275,031
Notable Sources of Revenue Percent of Total Revenue
Contributions $355
0.1%
Program Services $357,514
96.9%
Investment Income $49
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,015
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $27,878
8.0%
Professional Fundraising Fees $0
Other Salaries and Wages $186,471
53.4%
Assets/Debt
Total Assets $276,079
Total Liabilities $1,048
Net Assets $275,031
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Toni Teters (Vice President) $27,878 $0 $0
Arjajee Anavachagul (Trustee) $0 $0 $0
Owen Lipscomb (Trustee) $0 $0 $0
Carol Harel (Trustee) $0 $0 $0
Julie Maples (Trustee) $0 $0 $0
Stacy Sharpe (Trustee) $0 $0 $0
Linda Sistrunk (Trustee) $0 $0 $0
Meredith Greene (Trustee) $0 $0 $0
Thomas M Sharpe (President) $0 $0 $0
Peggy Sharpe (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$354,316
Expenses
$281,443
Net Income
$72,873
Net Assets
$255,603
Notable Sources of Revenue Percent of Total Revenue
Contributions $28,994
8.2%
Program Services $314,728
88.8%
Investment Income $167
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $1,342
0.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,085
2.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $8,316
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $151,159
53.7%
Assets/Debt
Total Assets $256,500
Total Liabilities $897
Net Assets $255,603
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Toni Teters (Vice President) $8,316 $0 $0
Arjajee Anavachagul (Trustee) $0 $0 $0
Owen Lipscomb (Trustee) $0 $0 $0
Carol Harel (Trustee) $0 $0 $0
Julie Maples (Trustee) $0 $0 $0
Stacy Sharpe (Trustee) $0 $0 $0
Linda Sistrunk (Trustee) $0 $0 $0
Meredith Greene (Trustee) $0 $0 $0
Thomas M Sharpe (President) $0 $0 $0
Peggy Sharpe (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$388,986
Expenses
$351,956
Net Income
$37,030
Net Assets
$182,730
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,870
0.5%
Program Services $377,024
96.9%
Investment Income $31
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $153
0.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,908
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $9,117
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $203,539
57.8%
Assets/Debt
Total Assets $183,716
Total Liabilities $986
Net Assets $182,730
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Toni Teters (Vice President) $9,117 $0 $0
Arjajee Anavachagul (Trustee) $0 $0 $0
Owen Lipscomb (Trustee) $0 $0 $0
Carol Harel (Trustee) $0 $0 $0
Julie Maples (Trustee) $0 $0 $0
Stacy Sharpe (Trustee) $0 $0 $0
Linda Sistrunk (Trustee) $0 $0 $0
Meredith Greene (Trustee) $0 $0 $0
Thomas M Sharpe (President) $0 $0 $0
Peggy Sharpe (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$363,961
Expenses
$325,322
Net Income
$38,639
Net Assets
$145,700
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $357,855
98.3%
Investment Income $23
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,083
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $21,450
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $185,670
57.1%
Assets/Debt
Total Assets $149,046
Total Liabilities $3,346
Net Assets $145,700
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Toni Teters (Vice President) $21,450 $0 $0
Arjajee Anavachagul (Trustee) $0 $0 $0
Owen Lipscomb (Trustee) $0 $0 $0
Carol Harel (Trustee) $0 $0 $0
Julie Maples (Trustee) $0 $0 $0
Stacy Sharpe (Trustee) $0 $0 $0
Linda Sistrunk (Trustee) $0 $0 $0
Meredith Greene (Trustee) $0 $0 $0
Thomas M Sharpe (President) $0 $0 $0
Peggy Sharpe (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$324,321
Expenses
$335,198
Net Income
-$10,877
Net Assets
$107,061
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $318,966
98.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,355
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $21,600
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $182,868
54.6%
Assets/Debt
Total Assets $113,669
Total Liabilities $6,608
Net Assets $107,061
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Toni Teters (Vice President) $20,800 $0 $0
Arjajee Anavachagul (Trustee) $0 $0 $0
Owen Lipscomb (Trustee) $0 $0 $0
Carol Harel (Trustee) $0 $0 $0
Julie Maples (Trustee) $0 $0 $0
Stacy Sharpe (Trustee) $0 $0 $0
Linda Sistrunk (Trustee) $0 $0 $0
Meredith Greene (Trustee) $0 $0 $0
Thomas M Sharpe (President) $0 $0 $0
Peggy Sharpe (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$341,233
Expenses
$346,489
Net Income
-$5,256
Net Assets
$117,938
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $337,325
98.9%
Investment Income $12
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,012
0.6%
Net Inventory Sales $0
Other Revenue $1,884
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $21,600
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $187,309
54.1%
Assets/Debt
Total Assets $126,363
Total Liabilities $8,425
Net Assets $117,938
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Toni Teters (Vice President) $21,600 $0 $0
Arjajee Anavachagul (Trustee) $0 $0 $0
Owen Lipscomb (Trustee) $0 $0 $0
Carol Har El (Trustee) $0 $0 $0
Julie Maples (Tru Stee) $0 $0 $0
Stacy Sharpe (T Rustee) $0 $0 $0
Linda Sistrunk (T Rustee) $0 $0 $0
Meredith Greene (T Rustee) $0 $0 $0
Thomas M Sharpe (President) $0 $0 $0
Peggy Sharpe (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$352,033
Expenses
$335,844
Net Income
$16,189
Net Assets
$123,194
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $341,756
97.1%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,275
2.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $22,100
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $184,852
55.0%
Assets/Debt
Total Assets $132,933
Total Liabilities $9,739
Net Assets $123,194
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Toni Teters (Vice President) $21,200 $0 $0
Arjajee Anavachagul (Trustee) $0 $0 $0
Owen Lipscomb (Trustee) $0 $0 $0
Carol Har El (Trustee) $0 $0 $0
Julie Maples (Tru Stee) $0 $0 $0
Stacy Sharpe (T Rustee) $0 $0 $0
Linda Sistrunk (T Rustee) $0 $0 $0
Meredith Greene (T Rustee) $0 $0 $0
Thomas M Sharpe (President) $0 $0 $0
Peggy Sharpe (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$347,631
Expenses
$330,181
Net Income
$17,450
Net Assets
$107,005
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $345,479
99.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $1,146
0.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,006
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $19,324
5.9%
Professional Fundraising Fees $0
Other Salaries and Wages $173,954
52.7%
Assets/Debt
Total Assets $114,572
Total Liabilities $7,567
Net Assets $107,005
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Toni Teters (Vice President) $19,324 $0 $0
Linda Sistrunk (Trustee) $0 $0 $0
Bob Teters (Trustee) $0 $0 $0
Carol Hare (Trustee) $0 $0 $0
Thomas M Sharpe (President) $0 $0 $0
Margaret A Sharpe (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$347,231
Expenses
$326,139
Net Income
$21,092
Net Assets
$89,555
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $345,274
99.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $279
0.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,678
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $15,661
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $178,512
54.7%
Assets/Debt
Total Assets $100,810
Total Liabilities $11,255
Net Assets $89,555
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Toni Teters (Vice President) $15,661 $0 $0
Linda Sistrunk (Trustee) $0 $0 $0
Bob Teters (Trustee) $0 $0 $0
Carol Hare (Trustee) $0 $0 $0
Thomas M Sharpe (President) $0 $0 $0
Margaret A Sharpe (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$338,918
Expenses
$331,050
Net Income
$7,868
Net Assets
$68,463
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $337,772
99.7%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $1,145
0.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $15,236
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $165,959
50.1%
Assets/Debt
Total Assets $85,359
Total Liabilities $16,896
Net Assets $68,463

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$349,925
Expenses
$340,338
Net Income
$9,587
Net Assets
$60,595
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $350,623
> 100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$698
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $16,536
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $155,755
45.8%
Assets/Debt
Total Assets $93,619
Total Liabilities $33,024
Net Assets $60,595

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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