Share Our Spare
- Assets
- $1.7m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Chicago, IL
- Founding
- 07/2012
- Data as of
- 12/2022
- 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 12/2022, Share Our Spare employed 12 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 12/2022, Share Our Spare generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 63.8% each year . All expenses for the organization totaled $4.6m during the year ending 12/2022. While expenses have increased by 69.2% per year over the past 8 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
2022
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 | $121,088 |
Crystal Allen Director | Trustee | 1 | $0 |
Stefanie Hest Chair/president | OfficerTrustee | 1 | $0 |
Amy Rakoczy Vice President | OfficerTrustee | 1 | $0 |
Amy Everard Director | Trustee | 1 | $0 |
Patrick Frailey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,472,585 |
| Noncash contributions included in lines 1a–1f | $2,735,724 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,472,585 |
| Total Program Service Revenue | $19,208 |
| 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 | $216,475 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,711,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,761,832 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $121,088 |
| Compensation of current officers, directors, key employees. | $20,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $234,136 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,765 |
| Payroll taxes | $36,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,403 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,884 |
| Advertising and promotion | $1,329 |
| Office expenses | $1,655 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $140,610 |
| Travel | $32,307 |
| 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 | $7,154 |
| Insurance | $17,989 |
| All other expenses | $2,491 |
| Total functional expenses | $4,557,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $752,861 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $142,391 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $286,411 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,059 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $532,827 |
| Other assets | $7,700 |
| Total assets | $1,737,249 |
| Accounts payable and accrued expenses | $34,194 |
| 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 | $589,025 |
| Total liabilities | $623,219 |
| Net assets without donor restrictions | $1,101,530 |
| Net assets with donor restrictions | $12,500 |
| 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 | $1,737,249 |