Shaara Foundation Inc

Frederick, MD
Tax exemption issued: Sept. 2000
EIN: 59-3640810

Type of Nonprofit

Designated as a 501(c)(3) 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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

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. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2025

Revenue

$1,063

Expenses

$14,866

Net Income

-$13,803

Net Assets

$101,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,063	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,050	94.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$101,837
Total Liabilities	$0
Net Assets	$101,837

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey M Shaara (Director)	$0	$0

990-PF

Filed on March 31, 2026

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2024

Revenue

$1,016

Expenses

$7,384

Net Income

-$6,368

Net Assets

$102,120

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,016	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,310	85.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$102,120
Total Liabilities	$0
Net Assets	$102,120

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey M Shaara (Director)	$0	$0

990-PF

Filed on May 13, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2023

Revenue

$764

Expenses

$5,538

Net Income

-$4,774

Net Assets

$94,441

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$764	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,500	81.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$94,441
Total Liabilities	$0
Net Assets	$94,441

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey M Shaara (Director)	$0	$0

990-PF

Filed on May 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$1,071

Expenses

$8,844

Net Income

-$7,773

Net Assets

$93,991

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,071	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,816	88.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$93,991
Total Liabilities	$0
Net Assets	$93,991

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey M Shaara (Director)	$0	$0

990-PF

Filed on March 13, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,880

Expenses

$9,221

Net Income

-$7,341

Net Assets

$118,818

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,202	63.9%
Interest Revenue	$0
Dividends	$678	36.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,036	98.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$118,818
Total Liabilities	$0
Net Assets	$118,818

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey M Shaara (Director)	$0	$0

990-PF

Filed on May 5, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$7,748

Expenses

$7,327

Net Income

$421

Net Assets

$114,817

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$167	2.2%
Interest Revenue	$3	0.0%
Dividends	$7,505	96.9%
Sales of Assets	$73	0.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,100	96.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$114,818
Total Liabilities	$1
Net Assets	$114,817

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey M Shaara (Director)	$0	$0

990-PF

Filed on May 3, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$8,603

Expenses

$6,398

Net Income

$2,205

Net Assets

$124,902

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$160	1.9%
Interest Revenue	$23	0.3%
Dividends	$8,108	94.2%
Sales of Assets	$312	3.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,100	95.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$124,903
Total Liabilities	$1
Net Assets	$124,902

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey M Shaara (Director)	$0	$0

990-PF

Filed on April 24, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$7,171

Expenses

$8,963

Net Income

-$1,792

Net Assets

$107,387

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$193	2.7%
Interest Revenue	$19	0.3%
Dividends	$8,060	> 100%
Sales of Assets	-$1,101
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,500	94.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$107,387
Total Liabilities	$0
Net Assets	$107,387

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey M Shaara (Director)	$0	$0

990-PF

Filed on June 19, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$9,903

Expenses

$12,832

Net Income

-$2,929

Net Assets

$124,473

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$266	2.7%
Interest Revenue	$0
Dividends	$7,782	78.6%
Sales of Assets	$1,855	18.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,500	97.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$124,473
Total Liabilities	$0
Net Assets	$124,473

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey M Shaara (Director)	$0	$0

990-PF

Filed on March 16, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$13,590

Expenses

$6,452

Net Income

$7,138

Net Assets

$116,558

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$149	1.1%
Interest Revenue	$0
Dividends	$8,331	61.3%
Sales of Assets	$5,110	37.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,130	95.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$116,558
Total Liabilities	$0
Net Assets	$116,558

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey M Shaara (Director)	$0	$0

990-PF

Filed on May 10, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$7,501

Expenses

$5,726

Net Income

$1,775

Net Assets

$105,816

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$58	0.8%
Interest Revenue	$0
Dividends	$7,371	98.3%
Sales of Assets	$72	1.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,600	97.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$105,816
Total Liabilities	$0
Net Assets	$105,816

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey M Shaara (Director)	$0	$0

990-PF

Filed on May 9, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$5,840

Expenses

$33,194

Net Income

-$27,354

Net Assets

$117,231

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$161	2.8%
Interest Revenue	$0
Dividends	$5,763	98.7%
Sales of Assets	-$84
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,000	99.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$117,231
Total Liabilities	$0
Net Assets	$117,231

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey M Shaara (Director)	$0	$0

990-PF

Filed on March 23, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$34,204

Expenses

$47,181

Net Income

-$12,977

Net Assets

$131,341

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$225	0.7%
Interest Revenue	$0
Dividends	$6,465	18.9%
Sales of Assets	$3,202	9.4%
Other Income	$24,312	71.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$47,000	99.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$131,341
Total Liabilities	$0
Net Assets	$131,341

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey M Shaara (Director)	$0	$0

990-PF

Filed on May 12, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

-$37,068

Expenses

$18,316

Net Income

-$55,384

Net Assets

$137,921

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$163
Interest Revenue	$0
Dividends	$7,193
Sales of Assets	$0
Other Income	$2,105

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,139	99.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$137,922
Total Liabilities	$1
Net Assets	$137,921

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$9,664

Expenses

$48,643

Net Income

-$38,979

Net Assets

$143,231

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$181	1.9%
Interest Revenue	$0
Dividends	$9,454	97.8%
Sales of Assets	$0
Other Income	$765	7.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,434	99.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$143,232
Total Liabilities	$1
Net Assets	$143,231

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

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Updated October 22, 2026

Shaara Foundation Inc

Organization summary

Type of Nonprofit

Tax Filings by Year

Fiscal Year Ending Dec. 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Fiscal Year Ending Dec.
2025

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

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2021

Fiscal Year Ending Dec.
2020

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2019

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2018

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2017

Fiscal Year Ending Dec.
2016

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2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

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2010

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2009

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