Overview
What is Shares Inc?
Shares Inc is a distinguished nonprofit organization situated in Central Indiana. Committed to making a difference, Shares Inc employs individuals with disabilities from various parts of the region. Their primary mission revolves around providing a platform for handicap assistance, demonstrating a strong dedication to inclusivity and empowerment. The organization's unique approach to community service sets it apart and contributes positively to the lives of those it serves.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Shares Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement despite achieving a commendable 100% in Accountability & Finance. The organization showcases strong governance with full points for independent board members and meetings, indicating a commitment to transparency in its operations. Additionally, it has a solid program expense ratio of 83.51%, highlighting that a significant portion of its budget is directed towards programs.
However, the rating reflects serious concerns regarding financial transparency, as the organization scored zero on key indicators like financial statements and posting tax forms on its website. These deficiencies suggest that while the organization maintains a strong framework for governance, there are critical gaps in its financial reporting practices that could hinder stakeholder trust.
Moreover, the absence of a whistleblower policy and inadequate documentation retention practices further weaken Shares Inc's overall standing. Addressing these issues could enhance the organization’s credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Shares Inc legitimate?
Shares Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shares 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $3,255,709
For more financial information, click here
What is the mission statement of Shares Inc?
Shares Inc, as a distinctive not-for-profit entity, takes pride in its mission. It focuses on offering employment opportunities to individuals with disabilities, drawing from a wide pool within Central Indiana. The organization's primary goal is to provide a platform where these individuals can contribute and be part of a workforce, promoting inclusivity and equality. By doing so, Shares Inc contributes to the personal growth and development of these individuals, enhancing their self-confidence and independence.
Who is the CEO of Shares Inc?
Peg Dovidas is the Director of Shares Inc.
What is the revenue of Shares Inc?
Shares Inc's revenue in 2022 was $5,565,431.
Who are the executives of Shares Inc and what are their salaries?
The average compensation at Shares Inc during 2022 was $10,018. There are 325 employees at Shares Inc.
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Where can I find the form 990 for Shares Inc?
Shares Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shares Inc
Shares Inc, a distinguished not-for-profit organization, is committed to making a significant impact. Its mission lies in providing employment opportunities for individuals with disabilities, drawing from a diverse talent pool across Central Indiana. The organization takes pride in its unique approach, leveraging the abilities and skills of these individuals to contribute to its operations. By doing so, Shares Inc not only empowers its employees but also fosters an inclusive work environment, promoting equality and celebrating diversity.
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Impact
October, 2024
Shares Inc makes a significant impact by providing meaningful employment opportunities for individuals with disabilities in Central Indiana. Located in Shelbyville, the organization focuses on handicap assistance, empowering employees to contribute to their communities while developing their skills and promoting independence. Through its dedicated mission, Shares Inc fosters an inclusive environment that not only enhances the lives of its employees but also raises awareness about the capabilities of individuals with disabilities. The organization plays a crucial role in education and advocacy, helping to break down barriers and promote equal opportunities in the workforce.
This information is meant to be a general summary of Shares 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $2,451,335
- Gross Receipts: $20,168,757
Assets and Liabilities:
- Total Assets: $9,744,679
- Total Liabilities: $2,655,724
- Net Assets: $7,088,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAID & OTHER PAYMENTS
Revenue
$2,451,335
Organization Details
Founding Year
1977
Phone
(317) 835-4198Principal Officer
Peg Dovidas
Main Address
1611 S MILLER STREET, SHELBYVILLE, IN, 46176
NTEE Category
Code: B28Z - Education
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