We Share Hope
- Assets
- $641.5k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Rumford, RI
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-1933460
Organization Overview
We Share Hope is located in Rumford, RI. The organization was established in 2010. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, We Share Hope employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. We Share Hope 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, We Share Hope generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.9% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 37.2% 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
TO PROVIDE FOOD TO ORGANIZATIONSTHAT FEED THE POOR, DISTRESSED AND THE UNDERPRIVILEGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FREELY PROVIDES DONATED FOOD TO THE HOMELESS, FAMILIES IN POVERTY, THE ELDERLY AND DISABLED, VETERANS AND THE WORKING POOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johanna E Corcoran Executive Director | Officer | 40 | $70,269 |
Peter T Albert President | OfficerTrustee | 1 | $0 |
Karen Lucas Secretary | OfficerTrustee | 1 | $0 |
Adam Ramsey Treasurer | OfficerTrustee | 1 | $0 |
Tom Lebretore Director | Trustee | 1 | $0 |
Doreen Ku Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,302,011 |
| Noncash contributions included in lines 1a–1f | $1,376,098 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,378,611 |
| Total Program Service Revenue | $0 |
| Investment income | $2,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,226 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,386,807 |
| 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. | $70,269 |
| Compensation of current officers, directors, key employees. | $8,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,135 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,283 |
| Payroll taxes | $20,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,639 |
| Fees for services: Accounting | $24,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,720 |
| Advertising and promotion | $38,289 |
| Office expenses | $10,384 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,654 |
| Travel | $808 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,825 |
| Interest | $36 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,062 |
| Insurance | $23,352 |
| All other expenses | $127,152 |
| Total functional expenses | $2,290,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,551 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,005 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $255,484 |
| Investments—publicly traded securities | $115,427 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $641,467 |
| Accounts payable and accrued expenses | $608 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $608 |
| Net assets without donor restrictions | $570,959 |
| Net assets with donor restrictions | $69,900 |
| 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 | $641,467 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that We Share Hope has recieved totaling $491,151.
| Awarding Organization | Amount |
|---|---|
Ocean State Job Lot Charitable Foundation North Kingstown, RI PURPOSE: PROGRAM OPERATION | $210,565 |
Feed The Children Inc Oklahoma City, OK PURPOSE: NECESSITIES FOR NEEDY CHILDREN & FAMILIES | $86,881 |
Farmlink Project Pacific Palisades, CA PURPOSE: TO PROVIDE HEALTHY FRESH PRODUCE TO FAMILIES IN NEED. | $73,950 |
The Champlin Foundation Pittsburgh, PA PURPOSE: HOPE MARKET FLOOR PROJECT | $44,900 |
The Rhode Island Community Foundation Providence, RI PURPOSE: COVID-19 VACCINATION INCENTIVE FUND GRANT; HOPE ON THE RHODE: NEW VAN HELPED US BRING FOOD TO RHODE ISLANDERS IN CRISIS | $35,000 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $19,315 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Bread - The Walk For Hunger Inc East Boston, MA | $11,948,413 | $15,098,686 |
Boston Area Gleaners Inc Acton, MA | $5,396,284 | $7,361,756 |
Urban Food Initiative Dorchester, MA | $4,670,593 | $4,930,418 |
Lasagna Love Inc Williamstown, MA | $142,703 | $3,275,591 |
Food Link Inc Arlington, MA | $6,530,606 | $4,394,234 |
Island Grown Initiative Ltd Vineyard Haven, MA | $8,457,052 | $3,594,169 |
We Share Hope Rumford, RI | $641,467 | $2,386,807 |
My Brothers Table Inc Lynn, MA | $2,689,609 | $2,553,302 |
Shoreline Soup Kitchens & Pantries Essex, CT | $2,679,638 | $2,673,494 |
Mill City Grows Inc Lowell, MA | $1,606,872 | $1,537,965 |
Chabad Jewish Center Of Stamford Inc Stamford, CT | $1,525,483 | $1,219,371 |
Enfield Food Shelf Inc Enfield, CT | $529,294 | $1,219,412 |