Share Our Spare
- Assets
- $1.0m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 10
- Location
- Chicago, IL
- Founding
- 07/2012
- Data as of
- 12/2021
- EIN
- 45-2773364
Organization Overview
Share Our Spare is located in Chicago, IL. The organization was established in 2012. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2021, Share Our Spare employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Share Our Spare 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, Share Our Spare generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 68.8% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 74.1% 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 DISRUPT CYCLES OF GENERATIONAL POVERTY BY PROVIDING FAMILIES WITH THE ESSENTIALS THEY NEED TO FLOURISH IN THE FIRST YEARS OF A CHILD'S LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHARE EXTRA STUFF, TIME AND MONEY - THE ORGANIZATION UTILIZES DONATED GOODS, VOLUNTEER TIME AND CONTRIBUTIONS/GRANTS, COLLECTIVELY REFERRED TO AS ?EXTRAS?, TO PROVIDE ESSENTIAL INFANT AND TODDLER ITEMS TO FAMILIES THAT ARE MOST IN NEED. THE ORGANIZATION DISTRIBUTES ESSENTIAL INFANT AND TODDLER ITEMS THROUGH A NETWORK OF SOCIAL SERVICE AGENCIES THROUGH THE CHICAGOLAND. EACH MONTH THE ORGANIZATION SERVES NEARLY 1,000 CHILDREN THROUGH COOK, LAKE AND DUPAGE COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Goodfellow Executive Dir. | Officer | 40 | $108,842 |
Amy Rakoczy Vice President | OfficerTrustee | 1 | $0 |
Elizabeth Hall Secretary | OfficerTrustee | 1 | $0 |
Tyeisi Huntley Jones Treasurer | OfficerTrustee | 1 | $0 |
Stefanie Hest Chairman | OfficerTrustee | 1 | $0 |
Amy Everard Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,022 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,308,409 |
| Noncash contributions included in lines 1a–1f | $2,401,407 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,347,431 |
| Total Program Service Revenue | $16,988 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $170,510 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,535,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,306,873 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,842 |
| Compensation of current officers, directors, key employees. | $18,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,384 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,579 |
| Payroll taxes | $22,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,623 |
| Advertising and promotion | $0 |
| Office expenses | $1,863 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,326 |
| Travel | $10,579 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,709 |
| Insurance | $10,025 |
| All other expenses | $6,822 |
| Total functional expenses | $3,290,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $510,567 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $139,131 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $312,518 |
| Prepaid expenses and deferred charges | $9,911 |
| Net Land, buildings, and equipment | $19,672 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $802 |
| Other assets | $7,700 |
| Total assets | $1,000,301 |
| Accounts payable and accrued expenses | $10,200 |
| 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 | $17,891 |
| Total liabilities | $28,091 |
| Net assets without donor restrictions | $934,710 |
| Net assets with donor restrictions | $37,500 |
| 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 | $1,000,301 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Share Our Spare has recieved totaling $93,798.
| Awarding Organization | Amount |
|---|---|
Good Plus Foundation Inc New York, NY PURPOSE: SEE PART IV | $24,247 |
Hinsdale Junior Womens Club Charitable Foundation Inc Hinsdale, IL PURPOSE: GENERAL OPERATIONS | $21,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $11,750 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,233 |
Executive Construction Foundation Hillside, IL PURPOSE: UNRESTRICTED GENERAL OPERATING SUPPORT | $5,000 |
Dr Scholl Foundation Northbrook, IL PURPOSE: DIAPER BANK PROGRAM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lodgic Holdings Inc Mooseheart, IL | $17,554,057 | $6,408,971 |
Illinois Childrens Healthcare Foundation Oak Brook, IL | $172,838,273 | $9,428,256 |
Childserve Foundation Inc Johnston, IA | $15,317,194 | $6,918,113 |
Iowa Community Action Association Des Moines, IA | $753,837 | $3,823,427 |
Share Our Spare Chicago, IL | $1,000,301 | $3,535,972 |
Lux Family Foundation St Louis, MO | $0 | $335,497 |
Voice Of Judah Israel Inc Fort Wayne, IN | $1,559,331 | $3,178,865 |
Cornerstone Of Hope Inc Paducah, KY | $781,400 | $2,454,747 |
Virginia Henry Charitable Trust 0403231952 Po Box Chicago, IL | $27,737,979 | $3,536,006 |
American Warrior Initiative Inc Madison, WI | $3,298,583 | $1,806,705 |
Chaddock Childrens Foundation Quincy, IL | $5,809,375 | $1,961,321 |
Chicago White Sox Charities Inc Chicago, IL | $4,778,883 | $3,310,890 |