Shai Fund Inc
- Assets
- $2.6m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Murfreesboro, TN
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 47-1683585
Organization Overview
Shai Fund Inc is located in Murfreesboro, TN. The organization was established in 2014. According to its NTEE Classification (Q71) the organization is classified as: International Migration & Refugee Issues, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Shai Fund Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shai Fund 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, Shai Fund Inc 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 46.8% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 42.7% 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
THE SHAI FUND IS A NON-PROFIT ORGANIZATION WHERE INTERNATIONAL PROFESSIONALS UNITE TO PROVIDE HUMANITARIAN ASSISTANCE IN DISASTER RELIEF AND DEVELOPMENT SITUATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHAI FUND ASSISTED VULNERABLE PERSONS IN AFGHANISTAN WHEN TALIBAN TOOK OVER IN AUGUST 2021. AT RISK PERSONS SUCH AS JUDGES AND LAWYERS, WOMEN AT RISK, RELIGIOUS MINORITIES AND OTHERS AT RISK WITH ASSISTING IN SAFE- HOUSES, FOOD, MEDICINES AND TRANSPORTATION TO SAFE HAVENS. SHAI FUND ASSISTED THOSE HIGH RISK INDIVIDUALS WHOSE LIVES WOULD BE IN MORTAL DANGER SHOUDL THEY REMAIN IN A TALIBAN CONTROLLED AFGHANISTAN. VULNERABLE INDIVIDUALS AND FAMILIES INCLUDED CHRISTIANS, WOMEN'S RIGHTS ACTIVISTS, US GOVERNMENT AFFILIATES, AND EVEN US CITIZENS LEFT BEHIND. SHAI FUND AND OTHER PARTNERS WERE ABLE TO RESCUE OVER 9,000 HIGH RISK INDIVIDUALS FROM ALMOST CERTAIN DEATH AT THE HANDS OF THE TALIBAN.
SHAI FUND'S PROJECT RESTORES AND RESTARTS BUSINESSES AS A MEANS OF TRANSFORMING THE ECONOMIC SITUATION IN DEVASTATED TOWNS AND VILLAGES IN THE NINEVEH PLAINS OF IRAQ WHILE COMBATING POVERTY. THIS PROJECT GIVES RETURNING MINORITIES, WHO OFTEN ARE EXCLUDED FROM CHANCES FOR LONG TERM PEACE THROUGH ECONOMIC DEVELOPMENT, THE OPPORTUNITY TO WORK AND EARN A LIVING, WHICH IS ONE OF THE MOST EFFECTIVE WAYS FOR THEM TO REBUILD THEIR LIVES WITH DIGNITY AND PURPOSE. IN LEBANON, DUE TO THE ONGOING FINANCIAL CRISIS, APPROXIMATELY 1,040 FAMILIES HAVE BEEN SUPPORTED WITH FOOD AND MEDICINES. THE TARGET GROUP WERE UNEMPLOYED, NEEDY, FEMALE HEADED AND/OR WIDOWED WOMEN. A CHILDREN'S OUTREACH TO SUPPORT RELIGIOUS MINORITIES OVER CHRISTMAS IN THE SCHOOLS WITH A CHRISTMAS PROGRAM AND GIFTS TO POOR FAMILIES AFFECTED BY COVID-19 AND BEIRUT BLAST SUPPORTED CHILDREN IN BEIRUT.
IN MOZAMBIQUE, DUE TO THE SERIOUS SITUATION EXPERIENCED BECAUSE OF THE ATTACKS CARRIED OUT BY TERRORISTS IN THE NORTHERN AREA OF CABO DELGADO PROVINCE, A CONTAINER WITH 4,378 BOXES OF HYGIENE PRODUCTS WERE RECEIVED FOR DISTRIBUTION IN MONTEPUEZ, CABO DELGADO OF WHICH ALL THE BOXED ITEMS WERE PACKED INTO KITS AND HAVE BEEN DISTRIBUTED TO DISPLACEMENT CENTERS. THESE KITS BENEFITED 8,270 FAMILIES WHO WERE PREDOMINANTLY WOMEN REPRESENTING 41,350 BENEFICIARIES FROM INTERNALLY DISPLACED FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charmaine Hedding President, E | OfficerTrustee | $0 | |
Lela Gilbert Secretary | OfficerTrustee | $0 | |
Daryl Hedding Treasurer | OfficerTrustee | $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 | $3,462,257 |
| Noncash contributions included in lines 1a–1f | $2,501 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,462,257 |
| Total Program Service Revenue | $0 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,462,295 |
| 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 | $1,947,324 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,509 |
| Fees for services: Management | $131,567 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,690 |
| Advertising and promotion | $516 |
| Office expenses | $16,587 |
| Information technology | $1,950 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,634 |
| 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 | $487 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,295,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,111,550 |
| Savings and temporary cash investments | $500,234 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,612,352 |
| Accounts payable and accrued expenses | $699,142 |
| 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 | $699,142 |
| Net assets without donor restrictions | $1,471,566 |
| Net assets with donor restrictions | $441,644 |
| 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 | $2,612,352 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Shai Fund Inc has recieved totaling $440,000.
| Awarding Organization | Amount |
|---|---|
Usatransform Southlake, TX PURPOSE: To support and encourage mission. | $315,000 |
Free The Oppressed Colorado Springs, CO PURPOSE: Rescue Afghanistan refugees and provide safe houses | $50,000 |
Free The Oppressed Colorado Springs, CO PURPOSE: Rescue Afghanistan refugees and provide safe houses | $50,000 |
Common Counsel Foundation Oakland, CA PURPOSE: PROJECT SUPPORT FOR INTERNATIONAL BAR ASSOCIATION HUMAN RIGHTS INSTITUTE PROJECT EXODUS FOR SUPPORT FOR AFGHAN FEMALE JUDGES AND HUMAN RIGHTS DEFENDERS IN GREECE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Numbersusa Education & Research Foundation Arlington, VA | $8,687,486 | $5,140,817 |
Shai Fund Inc Murfreesboro, TN | $2,612,352 | $3,462,295 |
Human First Coalition Alexandria, VA | $699,859 | $2,059,420 |
With Open Eyes Foundation Inc Charlotte, NC | $5,774,534 | $3,329,521 |
Numbersusa Action Inc Arlington, VA | $1,476,399 | $1,067,866 |
Exile International Inc Nashville, TN | $687,054 | $1,125,424 |
Christian Friends Of Israel U S A Inc Charlotte, NC | $552,209 | $497,164 |
Life Raft International Inc Lincoln, VA | $74,902 | $386,143 |
Task Force Pineapple Alexandria, VA | $699,689 | $969,244 |
Syrian Humanitarian Institute For National Empowerment Faifax, VA | $22,978 | $176,443 |
My Vision For Refugees Inc Atlanta, GA | $72,736 | $0 |
Refuge Inc Waleska, GA | $85,262 | $0 |