Rockford Sharefest Inc
- Assets
- $80.8k
- Revenue
- $6.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 01/2009
- Data as of
- 12/2021
- EIN
- 26-2931796
Organization Overview
Rockford Sharefest Inc is located in Rockford, IL. The organization was established in 2009. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockford Sharefest 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 12/2021, Rockford Sharefest Inc generated $6.6k 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 (29.0%) each year. All expenses for the organization totaled $14.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.7%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ROCKFORD SHAREFEST EXISTS TO IDENTIFY, DEVELOP AND LEAD PROJECTS THAT EMPOWER AND RELEASE VOLUNTEERS AND DONORS TO USE THEIR GOD-GIVEN GIFTS, ABILITIES AND RESOURCES TO MAKE AN IMPACT FOR THE COMMON GOOD. ROCKFORD SHAREFEST IS BRINGING HELP AND HOPE WITH NO STRINGS ATTACHED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, ROCKFORD SHAREFEST PARTNERED WITH THE RACVB TO DECORATE DOWNTOWN ROCKFORD FOR CHRISTMAS AND THE HOLIDAY SEASON AND HELP SUPPORT THE YEAR'S VIRTUAL STROLL ON STATE CELEBRATION. PARTNERED WITH THE SALVATION ARMY AND THE WINNEBAGO COUNTY EMERGENCY MANAGEMENT TASK FORCE TO HELP SUPPORT THE COLLECTION AND DISTRIBUTION CENTER FOR THE PPE AND EMERGENCY SUPPLIES DURING THE FIRST 3 MONTHS OF THE COVID RESPONSE. PARTNERED WITH THE SALVATION ARMY AND NORTHERN ILLINOIS FOOD BANK TO DISTRIBUTE FOOD TO FAMILIES. LOANED EQUIPMENT TO THE VETERAN'S MEMORIAL CIRCLE VOLUNTEER TEAMS THAT BEAUTIFY THE TRAFFIC CIRCLE AT N. MAIN & AUBURN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tana Vettore Vice President | OfficerTrustee | 1 | $0 |
Jeffrey Kopelman Treasurer | OfficerTrustee | 1 | $0 |
Bryan Selander Secretary | OfficerTrustee | 1 | $0 |
Creig Day President | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,558 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,558 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $111 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,122 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,920 |
| Travel | $0 |
| 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 | $1,923 |
| Insurance | $2,683 |
| All other expenses | $0 |
| Total functional expenses | $14,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452 |
| Savings and temporary cash investments | $0 |
| 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 | $65,385 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,978 |
| Total assets | $80,815 |
| Accounts payable and accrued expenses | $359 |
| 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 | $359 |
| Net assets without donor restrictions | $80,456 |
| Net assets with donor restrictions | $0 |
| 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 | $80,815 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rockford Sharefest Inc has recieved totaling $95.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $95 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Ventures In Living Ltd Lafayette, IN | $4,082,681 | $10,075,457 |
Community Action Of Greater Indianapolis Inc Indianapolis, IN | $3,236,158 | $6,334,161 |
Northeast Missouri Community Action Agency Kirksville, MO | $5,382,186 | $5,648,075 |
Pulitzer Arts Foundation St Louis, MO | $117,606,800 | $4,950,340 |
Commercial Club Of Chicago Chicago, IL | $3,716,814 | $4,161,715 |
Community Bankers Association Of Illinois Inc Springfield, IL | $6,623,230 | $3,824,328 |
Kentucky Rural Water Association Bowling Green, KY | $3,114,673 | $3,332,074 |
Fifth Street Renaissance Springfield, IL | $4,994,855 | $3,310,939 |
Missouri Rural Water Association Ashland, MO | $4,721,594 | $3,401,611 |
Metropolitan Mayors Caucus Chicago, IL | $783,756 | $1,433,740 |
Community Care In Union County Inc Liberty, IN | $207,177 | $1,400,379 |
Eagle Creek Park Foundation Inc Indianapolis, IN | $2,655,847 | $319,636 |