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Share Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 263695848 ✦ Rochester, NH ✦ Designated as a 501(c)(3)

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Overview

What is Share Fund Inc?

Share Fund Inc, based in Rochester, New Hampshire, is a charitable outreach program that offers material and financial assistance to individuals and families facing emergencies or severe hardships. Their primary services include a food pantry, which provided food resources to over 9,000 individuals in 2022, preventing or alleviating hunger in the local community. Additionally, they operate a community diaper bank, distributing free diapers through partnerships with local resources and their own food pantry. In response to rising costs, the Share Fund saw a significant increase in food requests and adjusted their policies to better serve their clients. They also offer emergency financial assistance to help residents pay for shelter, utilities, and necessary medical expenses. The program provides support services, such as budgeting guidance and financial coaching, to help families improve their financial outlook. Lastly, the Share Fund Thrift Store offers free shopping for families in need, providing necessary clothing, accessories, and household items.


Official website here: www.sharefund.org

Is Share Fund Inc legitimate?

Share Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Share Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $44,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,446

For more financial information, click here


Official website here: www.sharefund.org

What is the mission statement of Share Fund Inc?

Share Fund Inc's mission is centered around providing aid during emergencies and periods of severe hardship. This charitable outreach program offers material and financial support to individuals and families in need. Its goal is to address basic needs and inspire financial self-sufficiency. The organization operates three distinct programs: a food pantry, emergency financial assistance, and a thrift store. The food pantry provides free resources to prevent or alleviate hunger, while the community diaper bank distributes free diapers to low-income families. Emergency financial assistance offers help with shelter expenses, utility bills, and medical needs, serving over 200 households in 2022. The thrift store offers free shopping for families in need, providing necessary clothing and household items.


Official website here: www.sharefund.org

Who is the CEO of Share Fund Inc?

Donald Smith is the Chairman of Share Fund Inc.


Official website here: www.sharefund.org

What is the revenue of Share Fund Inc?

Share Fund Inc's revenue in 2022 was $267,821.


Official website here: www.sharefund.org

Who are the executives of Share Fund Inc and what are their salaries?

The average compensation at Share Fund Inc during 2022 was $32,215. There are 3 employees and 52 volunteers at Share Fund Inc.


Here are 10 key members and their salaries:


Jerry Rainville (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Clark (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Bealieu (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Nelson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wanda Walker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Hillow (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Stanley (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Vachon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Betsy Tyrol (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Smith (Executive Director)
  • Compensation: $44,200
  • Related: $0
  • Other: $0


Official website here: www.sharefund.org

Where can I find the form 990 for Share Fund Inc?

Share Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sharefund.org

Learn more at the official website: www.sharefund.org

Mission Statement of Share Fund Inc

Share Fund Inc, a charitable outreach program, is dedicated to providing material and financial support to families and individuals in need during emergencies or times of severe hardship. The organization's mission is to address emergency basic needs and inspire people to become financially self-sufficient. Share Fund Inc achieves this by offering various forms of aid, including food, shelter, and clothing, through three distinct programs.

The first program, Gerry's Emergency Food Pantry, provides free food resources to families in Rochester, East Rochester, Gonic, and Farmington, NH, aiming to prevent or alleviate hunger. In 2022, over 9,000 individuals benefited from this service, which distributed 200,000 pounds of food. The Community Diaper Bank, another initiative, distributes free diapers to low-income families through the food pantry and partnerships with local resources like Headstart. Over 26,000 diapers were distributed to children and adults in need in 2022.

In addition to food and diapers, Share Fund Inc offers emergency financial assistance to help cover shelter and expenses, ensuring healthy homes for residents in the mentioned communities. This program provides payments to landlords, utility vendors, and heating fuel vendors to prevent eviction, disconnection, and fuel assistance exhaustion. The organization also addresses urgent medical needs and provides emergency dental, eye care, medication, and necessary medical services and equipment. Share Fund Inc's auto-repair assistance program continues to flourish, offering emergency repairs to those whose vehicles serve as their homes. In 2022, the program served over 200 households, distributing approximately $90,000 in financial assistance. The organization also provides support services to help households improve their financial outlook, including budgeting guidance, financial coaching, and other encouragement for long-term changes in financial management habits.

Finally, Share Fund Inc operates the Share Fund Thrift Store, offering free shopping for families in need with no geographical restrictions. Families who qualify through a simple validation referral system can obtain needed clothing, shoes, and accessories for adults and children, as well as other household goods. Nearly 2,000 neighbors in need received clothing and household items through this program in 2022. The thrift store is also open to the public seeking an affordable shopping destination, with proceeds from sales supporting the Share Fund's services and overall operations.

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Impact




October, 2024

Share Fund Inc significantly impacts the Rochester, NH area by addressing the urgent needs of families and individuals facing emergencies or severe hardship. Through its various programs, it provides essential support in the form of food, shelter, clothing, and financial assistance, all aimed at alleviating immediate crises and fostering long-term stability.

The Gerry's Emergency Food Pantry is a cornerstone of the organization, distributing 200,000 pounds of food in 2022 and serving 9,000 individuals. It effectively combats hunger and partners with local farmers to offer fresh produce. Additionally, the community diaper bank ensures that low-income families have access to over 26,000 diapers, addressing a critical need for children and adults alike.

The emergency financial assistance program plays a vital role in preventing homelessness and ensuring families can maintain healthy living conditions. By offering help with back rent, utility payments, and urgent medical needs, Share Fund Inc supports over 200 households annually, distributing around $90,000 in financial aid. This program also includes services aimed at enhancing financial literacy and stability, encouraging families to develop better money management habits.

Lastly, the Share Fund Thrift Store provides a no-cost shopping option for families in need, allowing access to clothing and household goods without geographical restrictions. This initiative not only assists over 2,000 individuals annually but also generates revenue to support the organization’s mission.

Overall, Share Fund Inc is a crucial lifeline for many in the community, providing immediate assistance while also empowering individuals to achieve long-term financial self-sufficiency.




This information is meant to be a general summary of Share Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$267,821 (2022)
Expenses
$279,671 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $147
  • Gross Receipts: $273,128

Assets and Liabilities:

  • Total Assets: $229,707
  • Total Liabilities: $0
  • Net Assets: $229,707

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Organization Details

Founding Year

2008

Principal Officer

Donald Smith

Main Address

150 WAKEFIELD STREET SUITE 5, ROCHESTER, NH, 03867

NTEE Category

Code: P20 - Human services

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