Share Fund

Organization Overview

Share Fund is located in Rochester, NH. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Share Fund employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Share Fund 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 12/2022, Share Fund generated $267.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $279.7k during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE SHARE FUND IS A CHARITABLE OUTREACH PROGRAM WHICH PROVIDES VARIOUS TYPES OF MATERIAL AND FINANCIAL SUPPORT TO FAMILIES AND INDIVIDUALS IN NEED DURING EMERGENCIES OR TIMES OF SEVERE HARDSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SHARE FUND PROVIDES VARIOUS TYPES OF MATERIAL AND FINANCIAL SUPPORT TO NEIGHBORS IN NEED TO ADDRESS BASIC NEEDS DURING EMERGENCIES/TIMES OF SEVERE HARDSHIP. SHARE FUND INC. ASSISTS WITH THE BASIC NEEDS OF FOOD, SHELTER, AND CLOTHING THROUGH THREE DISTINCT PROGRAMS. (1) (GERRY'S EMERGENCY) FOOD PANTRY PROVIDES FREE FOOD RESOURCES TO FAMILIES IN ROCHESTER, EAST ROCHESTER, GONIC, & FARMINGTON, NH TO PREVENT OR ALLEVIATE HUNGER. IN 2022, 9000 INDIVIDUALS BENEFITED FROM OUR FOOD PANTRY SERVICES WHICH DISTRIBUTED 200,000 POUNDS OF FOOD. OUR COMMUNITY DIAPER BANK DISTRIBUTES FREE DIAPERS TO LOW-INCOME FAMILIES THROUGH THE FOOD PANTRY AND PARTNERSHIPS WITH LOCAL RESOURCES SUCH AS HEADSTART. OVER 26,000 DIAPERS WERE DISTRIBUTED TO CHILDREN AND ADULTS IN NEED IN 2022. DUE TO INCREASES IN HOUSING AND GROCERY COSTS, AS WELL AS ENERGY PRICES, WE HAVE SEEN OVER A 22% INCREASE IN THE NUMBER OF FOOD REQUESTS.. WE PARTNERED ONCE AGAIN WITH LOCAL FARMERS PROVIDING HUNDREDS OF FARM-FRESH PRODUCTS TO OUR FAMILIES RIGHT THROUGH THE FALL. WE ALSO ADJUSTED OUR POLICIES AND PROCEDURES, RESULTING IN MANY FORMER CLIENTS RETURNING FOR ASSISTANCE AS WELL AS PROVIDING EASY-CARE BAGS FOR THE CITY'S HOMELESS POPULATION. WE WERE FORTUNATE TO OBTAIN FUNDS TO PURCHASE AND INSTALL A NEW DUCTLESS AIR SYSTEM TO MAINTAIN A MORE COMFORTABLE ENVIRONMENT FOR FOOD STORAGE AND OUR VOLUNTEERS.(2) EMERGENCY FINANCIAL ASSISTANCE PROVIDES FINANCIAL HELP WITH SHELTER AND EXPENSES TO ENSURE HEALTHY HOMES FOR RESIDENTS OF ROCHESTER, EAST ROCHESTER, GONIC, FARMINGTON, WAKEFIELD AND SOMERSWORTH NH. SPECIFIC SERVICES INCLUDE PAYMENTS TO LANDLORDS FOR BACK RENT TO AVOID EVICTION AND SECURITY DEPOSIT ASSISTANCE TO SECURE HOUSING. IN ADDITION, PAYMENTS TO UTILITY VENDORS ARE MADE FOR HELP WITH ELECTRICITY, GAS, AND WATER TO PREVENT DISCONNECTION AND PAYMENTS TO HEATING FUEL VENDORS TO PROVIDE HEAT AND/OR HOT WATER FOR HOUSEHOLDS WHO HAVE EXHAUSTED ALL OTHER BENEFITS AND RESOURCES FOR FUEL ASSISTANCE. URGENT MEDICAL NEEDS ARE ALSO ADDRESSED THROUGH THIS PROGRAM AND FAMILIES IN NEED ARE ASSISTED WITH EMERGENCY DENTAL/EYE CARE, MEDICATION, AND NEEDED MEDICAL SERVICES AND EQUIPMENT. OUR AUTO-REPAIR ASSISTANCE CONTINUES TO FLOURISH, HELPING MANY WITH EMERGENCY REPAIRS WHOSE VEHICLES ARE OFTEN THERE "HOMES" AS WELL. IN 2022, WE SERVED OVER 200 HOUSEHOLDS BY DISTRIBUTING SOME $90, 000 IN FINANCIAL ASSISTANCE. THIS PROGRAM ALSO PROVIDES SUPPORT SERVICES TO HELP HOUSEHOLDS IMPROVE THEIR FINANCIAL OUTLOOK WHICH INCLUDES STABILIZATION SERVICES, BUDGETING GUIDANCE, FINANCIAL COACHING, AND OTHER SUPPORT TO ENCOURAGE LONG-TERM CHANGES IN FINANCIAL MANAGEMENT HABITS. (3) THE SHARE FUND THRIFT STORE (AKA COMMUNITY CLOTHING SHOP) OFFERS FREE SHOPPING FOR FAMILIES IN NEED WITH NO GEOGRAPHIC RESTRICTIONS. FAMILIES WHO QUALIFY THROUGH A SIMPLE "VALIDATION REFERRAL SYSTEM" (WORKING WITH OTHER AREA RESOURCE PROVIDERS) MAY OBTAIN NEEDED CLOTHING, SHOES, & ACCESSORIES FOR ADULTS AND CHILDREN, AS WELL AS OTHER HOUSEHOLD GOODS. NEARLY "FREE-SHOPPING" VISITS RESULTED IN OVER 2000 NEIGHBORS IN NEED RECEIVING CLOTHING AND HOUSEHOLD ITEMS. THE THRIFT STORE IS ALSO OPEN TO THE PUBLIC SEEKING AN AFFORDABLE SHOPPING DESTINATION AND PROCEEDS FROM THOSE SALES GENERATE INCOME TO SUPPORT THE SHARE FUND'S SERVICES AND OVERALL OPERATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Jerry Rainville
Chairman
$0
Melissa Clark
Board Member
$0
Ron Bealieu
Board Member
$0
Deborah Nelson
Treasurer
$0
Wanda Walker
Board Member
$0
Rich Hillow
Board Member
$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$228,365
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$228,365
Total Program Service Revenue$0
Investment income $147
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $1,029
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $37,580
Miscellaneous Revenue$0
Total Revenue $267,821

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