Share Foundation Inc
- Assets
- $318.8k
- Revenue
- $146.4k
- Investments
- $0.0
- Employees
- 5
- Location
- New Bedford, MA
- Founding
- 04/1984
- Data as of
- 09/2022
- EIN
- 22-2506229
Organization Overview
Share Foundation Inc is located in New Bedford, MA. The organization was established in 1984. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 09/2022, Share Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Share 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 09/2022, Share Foundation Inc generated $146.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $139.9k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCES TO DESIGN, BUILD, AND SUPPLY COMMUNICATION PROSTHESES TO THE DISABLED. THE MISSION IS TO EMPOWER PHYSICALLY CHALLENGED NON-SPEAKING INDIVIDUALS TO ACHIEVE THE GREATEST LEVEL OF INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECTING RESOURCES THAT ENABLE THE DESIGN, ADAPTATION, AND FABRICATION OF HIGH TECHNOLOGY EQUIPMENT TAILORED SPECIFICALLY TO THE UNIQUE NEED OF EVERY INDIVIDUAL WHO SEEKS OUR HELP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Sidney Martin Vice Chair | OfficerTrustee | 1 | $0 |
Prof Philip Viall Treasurerexec Director | OfficerTrustee | 20 | $0 |
Verena Lisinski Clerk | OfficerTrustee | 1 | $0 |
Gerard Mccarthy Chair | OfficerTrustee | 1 | $0 |
Dr Richard Warren Director | Trustee | 0.5 | $0 |
Gary Schuyler Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,199 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,253 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,452 |
| Total Program Service Revenue | $0 |
| Investment income | $2,699 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,759 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $146,392 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,105 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $16,251 |
| Compensation of current officers, directors, key employees. | $5,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,130 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,125 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,638 |
| Advertising and promotion | $0 |
| Office expenses | $2,891 |
| Information technology | $4,774 |
| Royalties | $0 |
| Occupancy | $1,502 |
| Travel | $6,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,291 |
| All other expenses | $0 |
| Total functional expenses | $139,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,431 |
| Savings and temporary cash investments | $171,398 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $318,829 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $263,343 |
| Net assets with donor restrictions | $55,486 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $318,829 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Share Foundation Inc has recieved totaling $803.
| Awarding Organization | Amount |
|---|---|
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $263 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $215 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $175 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
For Inspiration And Recognition Of Science And Technology First Manchester, NH | $64,269,944 | $72,988,833 |
Terc Inc Cambridge, MA | $20,874,819 | $13,653,170 |
Ny Creates Albany, NY | $99,965 | $4,450,000 |
Western New York Technology Development Center Inc Buffalo, NY | $1,286,247 | $2,858,472 |
The Asme Foundation Inc New York, NY | $33,818,246 | $3,028,197 |
Cortico Corporation Boston, MA | $3,352,303 | $987,674 |
Mit Real Estate Foundation Inc Cambridge, MA | $3,185,000 | -$155,000 |
Hudson Valley Technology Development Center Inc Newburgh, NY | $824,479 | $1,255,790 |
International First Committee Association Manchester, NH | $2,287,995 | $919,576 |
Engineering Conferences International Inc New York, NY | $3,118,614 | $313,156 |
Brokaw Family Foundation Merrimack, NH | $4,131,332 | $152,642 |
New Hampshire Tech Alliance Manchester, NH | $288,906 | $429,424 |