Overview
What is Share-Ws Inc?
Share-Ws Inc, based in Winston-Salem, North Carolina, is a nonprofit organization committed to addressing food insecurity in local "food deserts." These are areas lacking full-service grocery stores offering fresh produce and other food items within a mile's radius. The median family income in these areas is often near the federal poverty level. Share-Ws Inc aims to establish a full-service retail food market, known as The Harvest Market, to provide affordable, wholesome food options, thereby eliminating food insecurities. Over the past four years, the organization has expanded its member base to over 450 members, secured funding from various sources, including members and foundations, and acquired contractors and vendors for architectural drawings and food service equipment. Share-Ws Inc has also launched an e-commerce site and a beta-site, The Harvest Mini Market, and hired staff members. The organization has initiated a food pharmacy project in collaboration with United Health Centers and secured a local accounting firm for bookkeeping and financial reporting needs. Construction on the main store within the West Salem Shopping Center has begun, with an anticipated store opening in 8-10 months. This initiative is expected to improve public health, create approximately 26 jobs, and contribute to community and economic development in Winston-Salem.
Official website here: www.share-ws.coop/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Share-Ws Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 73%. This rating is solely based on the Accountability & Finance beacon, highlighting the organization's commitment to transparency and proper governance. The charity demonstrates strong board independence with 100% independent board members, contributing positively to its accountability metrics.
However, the organization faces significant limitations in its financial reporting, as it received no points for financial statements. Additionally, there are missing policies concerning whistleblower protections and document retention, which are essential for ensuring transparent operations. Despite these gaps, Share-Ws Inc maintains a solid program expense ratio of 80.45%, indicating that a majority of its funds are directed towards its programs.
While the charity has strengths in governance and program expenditure, the lack of essential financial documentation and policies suggests areas for improvement. Enhanced transparency and adherence to best practices in financial reporting would be beneficial for Share-Ws Inc to strengthen its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Share-Ws Inc?
Even though SHARE-Ws Inc doesn't have an official rating yet, the early reviews showcase a strong sense of enthusiasm and commitment from individuals getting involved with the organization. One reviewer highlights the organization's heartfelt mission and the vital role it plays in helping the community, expressing excitement about being part of its growth and development.
The positive sentiment reflects a shared belief in the importance of the nonprofit's work, indicating that there is a collective eagerness among participants to contribute and make a difference. Overall, the initial impressions suggest that SHARE-Ws Inc is making a meaningful impact, and those involved feel motivated to support its mission.
This AI summary has been generated from reviews found on Facebook.
Is Share-Ws Inc legitimate?
Share-Ws Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Share-Ws 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,934
For more financial information, click here
Official website here: www.share-ws.coop/
What is the mission statement of Share-Ws Inc?
Share-Ws Inc aims to address food insecurity in residential areas lacking full-service grocery stores, often referred to as "food deserts." These areas typically have a median family income at or near the federal poverty level. According to a 2017 study, an estimated 17% of residents in the region experienced food insecurity in 2014, with 38% of poor residents living in such "food deserts." Residents in these areas often face multiple disadvantages, including a lack of reliable transportation, which limits their opportunities for living wage employment and access to healthy food options. As a result, they often perceive having no alternatives except to utilize local convenience stores and fast food options. Therefore, Share-Ws Inc likely aims to improve access to fresh and healthy food options in these disadvantaged communities.
Official website here: www.share-ws.coop/
Who is the CEO of Share-Ws Inc?
Gary Williams is the Secretary of Share-Ws Inc.
Official website here: www.share-ws.coop/
What is the revenue of Share-Ws Inc?
Share-Ws Inc's revenue in 2022 was $978,955.
Official website here: www.share-ws.coop/
Who are the executives of Share-Ws Inc and what are their salaries?
The average compensation at Share-Ws Inc during 2022 was $36,934. There is 1 employee and 1 volunteer at Share-Ws Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.share-ws.coop/
Where can I find the form 990 for Share-Ws Inc?
Share-Ws Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.share-ws.coop/
Learn more at the official website: www.share-ws.coop/
Mission Statement of Share-Ws Inc
Share-Ws Inc, a nonprofit organization, aims to address the issue of food insecurity in residential areas known as "food deserts." These areas, often located in regions with low median family income, are characterized by a lack of full-service grocery stores offering fresh produce and other food items within a one-mile radius. According to a 2017 study commissioned by Winston-Salem, an estimated 17% of Forsyth County residents experienced food insecurity in 2014. Furthermore, an estimated 38% of poor Forsyth County residents reside in these food deserts, a situation that often leads to multiple disadvantages.
In such food deserts, residents often face challenges such as limited reliable transportation, which negatively impacts their ability to secure living wage employment and access to healthy food options. Consequently, they often perceive that their only alternatives are to utilize local convenience stores and fast-food options. Recognizing this predicament, Share-Ws Inc seeks to improve the situation by addressing the underlying issues. The organization's mission is to provide solutions that enable residents of food deserts to gain access to healthier food options and improve their overall well-being.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Share-Ws Inc's impact is significant in addressing food insecurity in Winston-Salem, North Carolina. By establishing a full-service retail food market in a food desert, Share-Ws aims to provide wholesome, fresh food at a reasonable price to an underserved population. This initiative not only helps alleviate food insecurity but also fosters business development and creates job opportunities within the community.
Over the years, Share-Ws has made substantial progress towards their mission. They have expanded their member base, secured funding from various sources, acquired contractors and vendors, launched an e-commerce platform, opened a beta-site for food sales, hired staff, initiated a food pharmacy project in partnership with local health centers, and engaged accounting services for financial reporting.
With the ongoing construction of the main store in the West Salem Shopping Center, Share-Ws anticipates a store opening within the next 8-10 months. This community and economic initiative, supported by the community, is poised to improve public health through access to healthy food, create around 26 jobs, and contribute to measurable community and economic development in the area.
This information is meant to be a general summary of Share-Ws 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.
- Investment Income: $15
- Gross Receipts: $978,955
Assets and Liabilities:
- Total Assets: $1,791,158
- Total Liabilities: $652,051
- Net Assets: $1,139,107
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2018
Phone
(336) 793-4280Principal Officer
Gary Williams
Main Address
603 PETERS CREEK PARKWAY, WINSTONSALEM, NC, 27103
Website
www.share-ws.coop/NTEE Category
Code: K99 - Food
If you are a representative of Share-Ws Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.