Staples Share Fund Inc
- Assets
- $575.4k
- Revenue
- $287.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Framingham, MA
- Founding
- 07/2014
- Data as of
- 01/2024
- EIN
- 46-3476388
Organization Overview
Staples Share Fund Inc is located in Framingham, MA. The organization was established in 2014. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Staples Share Fund 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 01/2024, Staples Share Fund Inc generated $287.0k 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 (20.4%) each year. All expenses for the organization totaled $252.2k during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (21.0%) 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
STAPLES SHARE FUND, INC. OFFERS RELIEF FOR ASSOCIATES IN SEVERE NEED OF FINANCIAL ASSISTANCE DUE TO SIGNIFICANT QUALIFYING EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAPLES SHARE FUND MADE GRANTS TO PROVIDE ASSISTANCE WITH FUNERAL EXPENSES, ILLNESSES/ACCIDENTS, NATURAL DISASTERS, AND OTHER SEVERE PERSONAL INCIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Gaspie Co-President | OfficerTrustee | 0.5 | $0 |
Larry Newell Co-President | OfficerTrustee | 0.5 | $0 |
Lisa Prior Stokes Treasurer | OfficerTrustee | 1 | $0 |
Jason Ellis Clerk | OfficerTrustee | 1 | $0 |
Brian Assad Director | Trustee | 0.5 | $0 |
Ari Baron Thru 962023 Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,376 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,871 |
| Total Program Service Revenue | $0 |
| Investment income | $25,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,806 |
| Net Income from Gaming Activities | $109 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $286,958 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $229,823 |
| 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 | $0 |
| Fees for services: Accounting | $16,000 |
| 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 | $0 |
| Information technology | $4,793 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $1,610 |
| Total functional expenses | $252,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,319 |
| Savings and temporary cash investments | $482,247 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,840 |
| 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 | $575,406 |
| Accounts payable and accrued expenses | $16,000 |
| 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 | $16,000 |
| Net assets without donor restrictions | $559,406 |
| 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 | $575,406 |