Shai Fund Inc
- Assets
- $2.9m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Murfreesboro, TN
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 47-1683585
Organization Overview
Shai Fund Inc is located in Murfreesboro, TN. The organization was established in 2014. According to its NTEE Classification (Q71) the organization is classified as: International Migration & Refugee Issues, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shai 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 12/2022, Shai Fund Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.5% each year . All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 42.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SHAI FUND IS A NON-PROFIT ORGANIZATION WHERE INTERNATIONAL PROFESSIONALS UNITE TO PROVIDE HUMANITARIAN ASSISTANCE IN DISASTER RELIEF AND DEVELOPMENT SITUATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS PROJECT HAS BENEFITED THE MOST VULNERABLE OF AFGHAN RELIGIOUS MINORITIES WHO ARE FLEEING THE TALIBAN IN AFGHANISTAN. BENEFICIARIES OF THIS PROGRAM INCLUDE WOMEN AT RISK, RELIGIOUS MINORITIES AND OTHERS AT RISK THAT WERE ASSISTED WITH ESSENTIAL ITEMS SUCH AS FOOD, SHELTER, MEDICAL AND SAFE PASSAGE.
PROJECT NAZARENE ASSISTS PERSECUTED RELIGIOUS MINORITY COMMUNITIES THAT HAVE SURVIVED A GENOCIDE OR PERSECUTION. THE PROJECT ASSISTS WITH BUILDING RESILIENCE AND EMPOWERING PERSECUTED MINORITY COMMUNITIES THROUGH PROJECTS THAT PROMOTE ECONOMIC ENPOWERMENT THROUGH JOB CREATION AND SMALL BUSINESS DEVELOPMENT OR BY SUPPORTING CULTURE AND EDUCATION WHICH PROMOTES CULTURAL RESILIENCE. OUR LIVELIHOOD PROJECTS IN COUNTRIES LIKE IRAQ RESTORES AND RESTARTS BUSINESSES AS A MEANS OF TRANSFORMING THE ECONOMIC SITUATION IN DEVASTED TOWNS AND VILLAGES, WHILE COMBATTING POVERTY. IN COUNTRIES LIKE MYANMAR, WE HAVE SUPPORTED ETHNO-RELIGIOUS MINORITIES WITH NUTRITION AND EDUCATION SUPPORT FOR CHILDREN. WHILE IN INDIA, WE EMPOWERED YOUNG RELIGIOUS MINORITY AT RISK WOMEN IN THE KANDHAMAL DISTRICT OF ORISSA WHOSE HUSBANDS WERE KILLED BY SECTARIAN MOBS IN RURAL VILLAGES. THE WIDOWS LEFT WITH YOUNG CHILDREN HAD NO MEANS OF SUPPORT TO RAISE THE CHILDREN. THIS PROJECT PROVIDES THEM WITH THE SKILLS, TOOLS AND RESOURCES NECESSARY TO SETUP SMALL SCALE BUSINESSES (TAILORING, PAPER PLATE PRODUCTION, GOAT RAISING, GROCERY SHOPS, ETC.) THAT WILL NOT ONLY ENHANCE THEIR LIVELIHOODS BUT ALSO ENABLE THEIR CHILDREN TO RECEIVE A QUALITY EDUCATION.
SHAI FUND WORKED IN 11 COUNTRIES INCLUDING IRAQ, SYRIA, LEBANON, ISRAEL, SUDAN, UKRAINE, PAKISTAN, CENTRAL AFRICAN REPUBLIC, INDIA, MYANMAR AND AFGHANISTAN IN 2022 WITH HUMANITARIAN PROGRAMMING THAT ASSISTED A TOTAL OF 189,641 PEOPLE. THE HUMANITARIAN AID INCLUDED ASSISTANCE GIVEN IN TRAINING AND EDUCATION FOR 4,381 PERSONS, RELIEF WITH FOOD AND NON-FOOD ITEMS FOR 164,015 PERSONS, SHELTER FOR 5,533 PERSONS, LIVELIHOOD AND JOB CREATION FOR 62 PERSONS, PROTECTION PROGRAMS FOR 536 PERSONS, COMBATTING FORCED/CHILD MARRIAGES FOR 3 PERSONS, CULTURE AND EDUCATION PROGRAMS FOR 10,000 PERSONS AND FOOD SECURITY FOR 7,927 PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lela Gilbert Secretary | OfficerTrustee | $0 | |
Charmaine Hedding President, E | OfficerTrustee | $0 | |
Daryl Hedding Treasurer | OfficerTrustee | $0 | |
Debbie Saperia Board Member | Trustee | $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 | $3,578,277 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,578,277 |
| Total Program Service Revenue | $0 |
| Investment income | $2,520 |
| 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 | $3,580,797 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $206,722 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,872,539 |
| 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 | $108,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,493 |
| Fees for services: Management | $228,777 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $161,820 |
| Advertising and promotion | $0 |
| Office expenses | $11,792 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $52,173 |
| 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 | $487 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,686,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,446,779 |
| Savings and temporary cash investments | $502,753 |
| 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 | $81 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,949,613 |
| Accounts payable and accrued expenses | $141,651 |
| 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 | $141,651 |
| Net assets without donor restrictions | $1,508,675 |
| Net assets with donor restrictions | $1,299,287 |
| 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 | $2,949,613 |
Grants Awarded
Over the last fiscal year, Shai Fund Inc has awarded $206,722 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CALVARY ROAD MINISTRIES | | | $22,105 |
INTERNATIONAL GENEROSITY FOUNDATION | | | $15,000 |
NADINE MAENZA | | | $56,250 |
EVERY SHELTER INC | | | $69,740 |
MANTLE SERVICE GROUP | | | $37,820 |
COGENCY GLOBAL | | | $5,807 |