Share-Ws Inc is located in Winstonsalem, NC. The organization was established in 2018. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Share-Ws 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, Share-Ws Inc generated $391.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 58.0% each year . All expenses for the organization totaled $307.8k during the year ending 12/2021. 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
WINSTON-SALEM, NC, THE PRINCIPAL CITY IN FORSYTH COUNTY, HAS MULTIPLE "FOOD DESERTS,- OR RESIDENTIAL AREAS WHERE THERE ARE NO FULL-SERVICE GROCERY STORES, OFFERING PRODUCE AND OTHER FRESH FOODS, WITHIN A RADIUS OF ONE MILE. THESE "FOOD DESERTS" ARE LOCATED IN AREAS OF THE CITY WHERE THE MEDIAN FAMILY INCOME IS AT OR NEAR THE FEDERAL POVERTY LEVEL. ACCORDING TO A 2017 STUDY COMMISSIONED BY THE CITY OF WINSTON-SALEM, AN ESTIMATED 17% OF FORSYTH COUNTY RESIDENTS EXPERIENCED FOOD INSECURITY IN 2014. AN ESTIMATED 38% OF POOR FORSYTH COUNTY RESIDENTS LIVE IN A "FOOD DESERT," IN A COUNTY WITH A POPULATION OF OVER 360,000. RESIDENTS OF "FOOD DESERTS" ARE NORMALLY AFFLICTED BY MULTIPLE DISADVANTAGES. THEY TYPICALLY LACK RELIABLE TRANSPORTATION, WHICH DIMINISHES THEIR OPPORTUNITY FOR LIVING WAGE EMPLOYMENT AND ACCESS TO HEALTHY FOOD OPTIONS. THEIR PREDICAMENT RESULTS IN THEIR PERCEPTION OF HAVING NO ALTERNATIVES EXCEPT TO UTILIZE LOCAL CONVENIENCE STORES AND OTHER FAST FOOD OPTIONS. THEREFORE, T
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHARE IS ESTABLISHING "A FULL-SERVICE RETAIL FOOD MARKET IN A FOOD DESERT," IN WINSTON-SALEM, NORTH CAROLINA. OUR VISION IS TO PROVIDE WHOLESOME, FRESH FOOD, AT A REASONABLE PRICE, THEREBY ELIMINATING FOOD INSECURITY FOR AN UNDERSERVED POPULATION. THE SHARE FOOD MARKET (DBA, THE HARVEST MARKET) WILL OFF-SET "FOOD INSECURITY," HELP BUSINESS DEVELOPMENT, AND CREATE JOBS WITHIN THE COMMUNITY. SHARE HAS BEEN WORKING ON THIS PROJECT FOR MORE THAN 4 YEARS. IN THAT TIME: - OUR MEMBER BASE HAS EXPANDED TO MORE THAN 450 MEMBERS. - WE HAVE MOBILIZED FUNDING FROM MULTIPLE SOURCES, INCLUDING MEMBERS AND FOUNDATIONS. - CONTRACTORS AND VENDORS FOR ARCHITECTURAL DRAWINGS AND FOOD SERVICE EQUIPMENT HAVE BEEN ACQUIRED. - WE IMPLEMENTED OUR ECOMMERCE SITE TO ACTIVELY BEGIN SELLING GROCERIES THROUGH OUR POINT-OF-SALE SYSTEM. - OPENED AND OPERATING THE SALE OF FOODS THROUGH OUR BETA-SITE (THE HARVEST MINI MARKET). - HIRED AN ECOMMERCE COORDINATOR AND SEVERAL STAFF MEMBERS, - INITIATED AND OPERATING OUR FOOD PHARMACY PROJECT; A COLLABORATION WITH THE UNITED HEALTH CENTERS, WINSTON-SALEM, NC., TO GIVE PATIENTS FOOD VOUCHERS TO IMPROVE THEIR HEALTH, AND WE HAVE - SECURED THE SERVICES OF A LOCAL ACCOUNTING FIRM FOR OUR BOOKKEEPING AND FINANCIAL REPORTING NEEDS. CONSTRUCTION WITHIN THE MAIN STORE IN THE WEST SALEM SHOPPING CENTER, HAS BEGUN. WE ANTICIPATE A STORE OPENING IN 8-10 MONTHS. THIS COMMUNITY AND ECONOMIC INITIATIVE, WITH YOUR HELP, WOULD IMPROVE PUBLIC HEALTH THROUGH HEALTHY FOOD, CREATE APPROXIMATELY 26 JOBS, AND PRODUCE MEASURABLE COMMUNITY & ECONOMIC DEVELOPMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ralph Peeples Secretary | OfficerTrustee | 1 | $0 |
Richie Williams Treasurer | OfficerTrustee | 1 | $0 |
Gary Williams Executive Di | OfficerTrustee | 20 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $100,150 |
All other contributions, gifts, grants, and similar amounts not included above | $291,595 |
Noncash contributions included in lines 1a–1f | $188 |
Total Revenue from Contributions, Gifts, Grants & Similar | $391,745 |
Total Program Service Revenue | $0 |
Investment income | $10 |
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 | $391,755 |
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 | $0 |
Fees for services: Accounting | $7,272 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $7,210 |
Advertising and promotion | $756 |
Office expenses | $4,873 |
Information technology | $12,915 |
Royalties | $0 |
Occupancy | $38,485 |
Travel | $2,078 |
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 | $210,485 |
Insurance | $2,015 |
All other expenses | $0 |
Total functional expenses | $307,781 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $28,961 |
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 | $1,283 |
Net Land, buildings, and equipment | $229,012 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $115,382 |
Total assets | $374,638 |
Accounts payable and accrued expenses | $1,182 |
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 | $1,182 |
Net assets without donor restrictions | $47,856 |
Net assets with donor restrictions | $325,600 |
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 | $374,638 |
Over the last fiscal year, we have identified 3 grants that Share-Ws Inc has recieved totaling $215,750.
Awarding Organization | Amount |
---|---|
Millennium Fund Winstonsalem, NC PURPOSE: GENERAL SUPPORT FOR COMMUNITY GROCERY STORE | $200,000 |
American Heart Association Inc Dallas, TX PURPOSE: COMMUNITY NUTRITION | $10,000 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 3 GRANT(S) FOR VARYING PURPOSES | $5,750 |
Organization Name | Assets | Revenue |
---|---|---|
Unitehere Union And Employers Health And Welfare Fund Conyers, GA | $0 | $3,903,530 |
Foodservice Packaging Institute Inc Falls Church, VA | $4,132,737 | $3,111,855 |
Bounty & Soul Black Mountain, NC | $759,613 | $2,538,834 |
Wine & Spirits Wholesalers Of Tennessee Nashville, TN | $2,252,502 | $1,835,883 |
North Carolina Beer And Wine Wholesalers Association Raleigh, NC | $1,653,445 | $1,161,857 |
Global Growers Network Inc Decatur, GA | $1,489,134 | $1,442,426 |
Wine And Spirits Wholesalers Of Georgia Inc Atlanta, GA | $836,576 | $1,011,762 |
Public Markets Inc Ooltewah, TN | $875,543 | $1,266,301 |
3-A Sanitary Standards Inc McLean, VA | $2,950,339 | $1,154,736 |
Tri-State Exhibition Center Cleveland, TN | $1,640,606 | $1,262,121 |
Food Security For America Incorporated Smyrna, GA | $231,880 | $615,215 |
Jonesborough Locally Grown Jonesborough, TN | $135,152 | $551,145 |