Care And Share Inc
- Assets
- $21.1m
- Revenue
- $62.5m
- Investments
- $0.0
- Employees
- 92
- Location
- Colorado Springs, CO
- Founding
- 02/1978
- Data as of
- 06/2023
- EIN
- 84-0731930
Organization Overview
Care And Share Inc is located in Colorado Springs, CO. The organization was established in 1978. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2023, Care And Share Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Care And Share 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 06/2023, Care And Share Inc generated $62.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $63.8m during the year ending 06/2023. While expenses have increased by 5.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BRIDGING THE GAP BETWEEN HUNGER AND ABUNDANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUFFICIENT EMERGENCY AND SUPPLEMENTAL FOOD FOR LOW-INCOME EARNERS AND SPECIAL NEEDS POPULATIONS INCLUDING CHILDREN AND SENIORS. TO MAINTAIN AND IMPROVE THE NUTRITIONAL QUALITY OF FOOD AVAILABLE TO PEOPLE IN NEED. TO DEVELOP LONG-TERM FOOD SECURITY AMONG PEOPLE IN NEED THROUGH TARGETED OUTREACH AND EDUCATION. TO CREATE COMMUNITY AWARENESS OF HUNGER, ITS CAUSES AND SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Telford CEO (to 7/2022) | Officer | 40 | $163,001 |
Joan Selman Major Gifts Director | 40 | $121,397 | |
Chris Bender President (to 7/2022) | Officer | 40 | $111,063 |
Shannon Coker COO | Officer | 40 | $105,067 |
Zac Egeler CFO (to 10/2022) | Officer | 40 | $105,295 |
Nathan Springer President & CEO (from 7/2022) | Officer | 40 | $70,435 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $19,066 |
| Membership dues | $0 |
| Fundraising events | $10,000 |
| Related organizations | $61,896 |
| Government grants | $14,167,408 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,889,287 |
| Noncash contributions included in lines 1a–1f | $49,038,552 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,147,657 |
| Total Program Service Revenue | $1,689,915 |
| Investment income | $22,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $241 |
| Net Income from Fundraising Events | $616,368 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,542,872 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $111,874 |
| 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. | $567,560 |
| Compensation of current officers, directors, key employees. | $496,561 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,511,501 |
| Pension plan accruals and contributions | $40,689 |
| Other employee benefits | $442,137 |
| Payroll taxes | $335,614 |
| Fees for services: Management | $36,226 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,012 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $414,616 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,176 |
| Advertising and promotion | $0 |
| Office expenses | $426,887 |
| Information technology | $252,063 |
| Royalties | $0 |
| Occupancy | $544,617 |
| Travel | $600,001 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,107 |
| Interest | $78,854 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $682,622 |
| Insurance | $180,186 |
| All other expenses | $45,764 |
| Total functional expenses | $63,788,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,039,359 |
| Savings and temporary cash investments | $1,819,877 |
| Pledges and grants receivable | $1,144,485 |
| Accounts receivable, net | $310,546 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,003,486 |
| Prepaid expenses and deferred charges | $143,424 |
| Net Land, buildings, and equipment | $12,636,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,097,592 |
| Accounts payable and accrued expenses | $633,073 |
| 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 | $2,493,473 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,126,546 |
| Net assets without donor restrictions | $17,289,992 |
| Net assets with donor restrictions | $681,054 |
| 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 | $21,097,592 |