Shares Inc
- Assets
- $9.7m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 323
- Location
- Shelbyville, IN
- Founding
- 06/1977
- Data as of
- 06/2021
- EIN
- 35-1389005
Organization Overview
Shares Inc is located in Shelbyville, IN. The organization was established in 1977. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Shares Inc employed 323 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shares 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 06/2021, Shares Inc generated $6.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $4.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 6 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
HANDICAP ASSISTANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WORKSHOP PROGRAM SERVES AS A TRAINING GROUND FOR PHYSICALLY AND MENTALLY HANDICAPPED INDIVIDUALS BY PROVIDING EMPLOYMENT AND SUPERVISED TRAINING OF JOB SKILLS.
THE ADULT TRAINING PROGRAM IS A BEGINNING TRAINING GROUND FOR PHYSICALLY AND MENTALLY HADICAPPED INDIVIDUALS WHICH PROVIDES BASIC LIFE AND MOTOR SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Baker Treasurer | Officer | $0 | |
Jerry Lux Vice Preside | Officer | $0 | |
Peg Dovidas President | Officer | $0 | |
John Byne Director | Trustee | $0 | |
Carrie Cloud Director | Trustee | $0 | |
Michele Coffey Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $408,227 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $408,227 |
| Total Program Service Revenue | $1,895,382 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$377,091 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,441,028 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,053,072 |
| 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 | $2,890,833 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $199,283 |
| Payroll taxes | $221,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,591 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,753 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $255,381 |
| Travel | $54,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $88,225 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $278,413 |
| Insurance | $194,585 |
| All other expenses | $318,673 |
| Total functional expenses | $4,562,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,945,823 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,175,586 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,999,863 |
| Prepaid expenses and deferred charges | $53,059 |
| Net Land, buildings, and equipment | $3,560,146 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,734,477 |
| Accounts payable and accrued expenses | $725,174 |
| Grants payable | $0 |
| Deferred revenue | $58,875 |
| 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 | $1,820,207 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $437,187 |
| Total liabilities | $3,041,443 |
| Net assets without donor restrictions | $6,693,034 |
| 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 | $9,734,477 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Shares Inc has recieved totaling $5,297.
| Awarding Organization | Amount |
|---|---|
Hancock County Community Foundation Inc Greenfield, IN PURPOSE: OPERATING SUPPORT | $5,035 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $220 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie Shankman School Corporation Chicago, IL | $18,541,071 | $14,894,001 |
La Causa Inc Milwaukee, WI | $21,522,910 | $16,623,620 |
Gibault Inc Terre Haute, IN | $35,353,670 | $13,928,805 |
Giant Steps Illinois Inc Lisle, IL | $11,784,298 | $12,524,007 |
Chileda Institute Inc La Crosse, WI | $16,643,719 | $12,257,585 |
Park Lawn School And Activity Center Oak Lawn, IL | $3,052,012 | $10,616,192 |
Cove School Inc Northbrook, IL | $12,796,735 | $10,362,338 |
Hadley Institute For The Blind And Visually Impaired Winnetka, IL | $99,224,802 | $15,744,483 |
Sycamore School Inc Indianapolis, IN | $14,641,130 | $8,887,687 |
Keshet Northbrook, IL | $16,526,441 | $12,193,321 |
Miriam Foundation St Louis, MO | $35,729,458 | $12,133,437 |
Science And Arts Academy Des Plaines, IL | $14,489,626 | $8,495,124 |