Shared Visions Foundation Inc
- Assets
- $4.1m
- Revenue
- $551.2k
- Investments
- $2.6m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 09/2001
- Data as of
- 09/2022
- EIN
- 56-2254231
Organization Overview
Shared Visions Foundation Inc is located in Chapel Hill, NC. The organization was established in 2001. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shared Visions Foundation 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 09/2022, Shared Visions Foundation Inc generated $551.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $175.8k during the year ending 09/2022. While expenses have increased by 1.3% per year over the past 6 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.
Since 2015, Shared Visions Foundation Inc has awarded 283 individual grants totaling $552,755. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES FUNDING TO VARIOUS NON-PROFIT CHARITABLE ORGANIZATIONS (WITH AN EMPHASIS ON MENTAL HEALTH, BASIC HUMAN SERVICES AND AFFORDABLE HOUSING) IN SUPPORT OF THEIR GOAL OF PROMOTING CO-OPERATION AMONG NON-PROFIT AGENCIES THAT DIRECTLY BENEFIT COMMUNITIES IN DURHAM AND ORANGE COUNTIES NORTH CAROLINA. DURING FISCAL YEAR 2021-2022 THE FOUNDATION AWARDED APPROXIMATELY 48 MONETARY GRANTS; PROVIDED AFFORDABLE MEETING AND EVENT SPACE FOR AREA NONPROFITS AT THE SHARED VISIONS RETREAT CENTER; AND PROVIDED SUPPORT AND CONSULTATION FOR AREA NONPROFITS THROUGH VOLUNTEER SERVICE ON BOARDS AND COMMITTEES. FINALLY THE FOUNDATION RENTED 2 RENTAL PROPERTIES IN CONJUNCTION WITH THE COMMUNITY HOME TRUST TO LOW-INCOME PERSONS AT BELOW MARKET RATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Miller III President | 20 | $0 | |
Ebeth Scott-Sinclair Secretary | 1 | $0 | |
Lindsey Head Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $100,745 |
| Net Rental Income | $39,275 |
| Net Gain on Sale of Assets | $220,426 |
| Capital Gain Net Income | $220,426 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $90,743 |
| Total Revenue | $551,189 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,897 |
| Depreciation | $36,662 |
| Occupancy | $39,582 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,076 |
| Total operating and administrative expenses | $122,404 |
| Contributions, gifts, grants paid | $53,432 |
| Total expenses and disbursements | $175,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,848 |
| Savings and temporary cash investments | $50,545 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $273,747 |
| Net Land, buildings, and equipment | $1,420,122 |
| Other assets | $0 |
| Total assets | $4,138,667 |
| Accounts payable and accrued expenses | $94 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $94 |
Grants Awarded
Over the last fiscal year, Shared Visions Foundation Inc has awarded $53,432 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Carrboro, NC PURPOSE: EDUCATE AND INSPIRE CREATIVITY | $9,100 |
CLUB NOVA PURPOSE: SUPPORT PEOPLE LIVING WITH MENTAL ILLNESS | $7,000 |
TROSA PURPOSE: ALCOHOLISM TREATMENT SUPPORT | $4,800 |
INTERFAITH COUNCIL PURPOSE: HELP FOR THOSE IN NEED | $4,000 |
UNC SCHOOL OF SOCIAL WORK PURPOSE: COMMUNITY OUTREACH AND SUPPORT | $4,000 |
Chapel Hill, NC PURPOSE: AFFORDABLE HOUSING | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Free And Charitable Clinics Inc Alexandria, VA | $2,287,397 | $8,345,135 |
Nc State University Partnership Corporation Raleigh, NC | $25,242,757 | $8,028,550 |
Partnership For Families Children And Adults Inc Chattanooga, TN | $6,989,101 | $6,359,837 |
Fair Count Inc Atlanta, GA | $4,514,857 | $4,335,269 |
Tennessee Coalition To End Domestic And Sexual Violence Nashville, TN | $1,243,708 | $2,876,660 |
The Paramount Foundation Bristol, TN | $2,156,757 | $3,301,489 |
International Coalition Of Girls Schools Inc Charlottesville, VA | $2,882,248 | $1,769,903 |
Pro Inspire Arlington, VA | $4,565,993 | $4,997,506 |
North Carolina Center For Non Profit Organizations Inc Raleigh, NC | $2,108,648 | $2,007,957 |
Trans-National Association Of Christian Schools Forest, VA | $1,773,355 | $1,550,845 |
Triangle Strategic And Financial Advising For Not-For-Profits Atlanta, GA | $0 | $1,478,314 |
American Board Of Pediatrics Foundation Inc Chapel Hill, NC | $6,923,680 | $728,631 |