Sharefest Community Development Inc
- Assets
- $2.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 20
- Location
- San Pedro, CA
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 20-5651596
Organization Overview
Sharefest Community Development Inc is located in San Pedro, CA. The organization was established in 2007. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Sharefest Community Development Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharefest Community Development 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, Sharefest Community Development Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER UNDER-SERVED YOUTH TO TRANSFORM THEIR FUTURE AND BECOME LEADERS OF COLLABORATIVE CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHAREFEST'S YOUTH LEADERSHIP ACADEMY (YLA) SERVES 300+ STUDENTS IN FIVE LAUSD CONTINUATION HIGH SCHOOLS WITH CREDIT-ELIGIBLE COURSES ENCOMPASSING SOCIO-EMOTIONAL LEARNING, PURPOSE EDUCATION, PROFESSIONAL DEVELOPMENT, COLLEGE/CAREER ACCESS, ENTREPRENEURSHIP, FINANCIAL LITERACY AND SERVICE LEARNING. STUDENTS RECEIVE YEAR-ROUND MENTORING, MENTAL HEALTH AND CASE MANAGEMENT SUPPORT, AND WORKFORCE DEVELOPMENT PROGRAMMING THAT INCREASES COLLEGE AND CAREER SUCCESS.
SHAREFEST'S CORPORATE SERVICES PROGRAM ORGANIZES COMMUNITY SERVICE PROJECTS FOR LOCAL CORPORATIONS WHO PROVIDE VOLUNTEERS, COMMUNITY AWARENESS AND FUNDING. PROJECTS INCLUDE THE IMPROVEMENT AND BEAUTIFICATION OF SCHOOLS, PARKS AND OTHER PUBLIC SPACES. CORPORATE PARTNERS ALSO SERVE AS A RESOURCE FOR THE YLA'S WORKFORCE DEVELOPMENT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chadwick R Mayer President | OfficerTrustee | 40 | $140,000 |
Gretchen Downey VP Of Programs | 40 | $125,000 | |
Dan Simon CFO | OfficerTrustee | 1 | $0 |
Frank Schulz Board Chair | OfficerTrustee | 1 | $0 |
Eric Ruehle Board Secretary | OfficerTrustee | 1 | $0 |
Cindi Krippendorf Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $111,484 |
| Related organizations | $0 |
| Government grants | $253,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,322,258 |
| Noncash contributions included in lines 1a–1f | $52,544 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,687,526 |
| Total Program Service Revenue | $0 |
| Investment income | $995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,765 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,725,286 |
| 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. | $140,000 |
| Compensation of current officers, directors, key employees. | $10,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $449,587 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,378 |
| Payroll taxes | $45,373 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,501 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,080 |
| Travel | $685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,987 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,730 |
| Insurance | $22,710 |
| All other expenses | $8,563 |
| Total functional expenses | $1,084,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,576,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $226,833 |
| 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 | $0 |
| Net Land, buildings, and equipment | $747,783 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,550,665 |
| Accounts payable and accrued expenses | $49,526 |
| Grants payable | $0 |
| Deferred revenue | $209,801 |
| 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 | $259,327 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,291,338 |
| Total liabilities and net assets/fund balances | $2,550,665 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Sharefest Community Development Inc has recieved totaling $255,423.
| Awarding Organization | Amount |
|---|---|
The Annenberg Foundation Conshohocken, PA PURPOSE: YOUTH LEADERSHIP ACADEMY | $75,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $44,280 |
Marathon Petroleum Foundation Inc Findlay, OH PURPOSE: CHARITABLE EVENT | $38,000 |
Marathon Petroleum Foundation Inc Findlay, OH PURPOSE: YOUTH LEADERSHIP ACADEMY - WORKFORCE DEVELOPMENT PROGRAM | $25,000 |
Los Angeles Rams Foundation Agoura Hills, CA PURPOSE: ANNUAL COMMITMENT | $20,000 |
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Workforce Development For Continuation High School | $15,002 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Community Services Of The Mid Willamette Valley & Central Salem, OR | $4,444,104 | $18,908,977 |
The Davis Street Community Center Incorporated San Leandro, CA | $4,867,189 | $19,457,614 |
Community Action Team Incorporated Of St Helens, OR | $13,623,146 | $18,435,042 |
Outside In Portland, OR | $20,557,070 | $19,364,010 |
Yamhill Community Action Partnership Mcminnville, OR | $6,898,009 | $17,038,077 |
California Human Development Corp Santa Rosa, CA | $9,372,537 | $16,167,799 |
Lutheran Social Services Of Northern California Concord, CA | $7,407,903 | $15,266,538 |
Global Support And Development Redwood City, CA | $35,645,225 | $48,473,756 |
Oregon Human Development Corporation Gresham, OR | $1,006,372 | $15,394,021 |
Louis And Gladyce Foster Family Foundation Stockton, CA | $0 | $100,317 |
Union Of Pan Asian Communities San Diego, CA | $5,542,645 | $15,801,296 |
Psa Behavioral Health Agency Phoenix, AZ | $11,491,382 | $16,032,932 |