Share Hope Foundation Inc

Nonprofit profile at a glance

EIN
272075701
IRS 990 coverage
2014–2022
Forms available
Form 990 2022, Form 990-N 2011
Location
White Plains, NY, USA
Phone
9149391877
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Relief

Official website

Reported finances

Revenue
$218,813
Expenses
$229,399
Assets
$66,417
Liabilities
$263,703

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • CYNTHIA PETTERSON (DIRECTOR, PRESIDENT)

Highest reported compensation

  • CYNTHIA PETTERSON (DIRECTOR, PRESIDENT): $60,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation is formed to alleviate poverty in developing countries through encouraging responsible and sustainable trade, particularly in the textile and apparel industry, and by improving the lives of indigent workers and their families in a specified labor sector. In furtherance of this charitable purpose, the corporation shall, by means of contributions or grants; providing, or contracting to provide, management support, technical assistance and other executive services; making, or encouraging the making of, investments, directly or through affiliated or non-affiliated entities. The corporation will encourage access to social services to benefit the lives of said workers, not to exclude direct implementation.

What it reported doing in 2022

Personal advancement & career enhancement - gap inc's global p.a.c.e. Program helps women gain the skills and confidence they need to advance at work and in their lives. The main focus of the program is to positively impact female garment workers (fgws) by providing them with skills that will help them advance in the workplace and in their personal lives, through life skills training. The p.a.c.e. Curriculum covers a variety of topics that are crucial to growth and development. Each module is designed to enhance specific competencies and to help participants understand concepts in a holistic way. The program covers up to 8 modules of learning: (1) communication; (2) problem solving and decision making; (3) time and stress management; (4) water, sanitation & hygiene; (5) execution excellence; (6) general and reproductive health; (7) financial literacy; and (8) legal literacy and social entitlements. Execution excellence is a module of learning that teaches workers how to apply their newly learned skills, particularly in the workplace. Modules 1-3 are "core" to the women's learning and are therefore required. They are the foundational modules which are designed to directly affect the women's personal and work lives. Module 4 is also required, and modules 5-8 are supplementary. The program consists of approximately 58 hours of learning and can take from 6 weeks to 10 months to complete depending on the intensity. Share hope is the only licensed implementor of this program in haiti, and share hope has the only gold level trainers of this curriculum in the country. - in 2022 in an environment of continued social unrest and rampant gang violence, share hope trained 752 women. All were unemployed workers to whom we gave a transportation and food stipend that amounted to approximately $42 per person over the 19 sessions of their course attendance.in addition to the autonomous implementation of the p.a.c.e. Program, share hope oversees the implementation of the program in two factories where gap inc. Sources. These factories collectively employ approximately 9,000 workers.in november 2022, gap inc and USAID collaborated to create an additional covid-19 module. The share hope team was asked to translate and contextualize the module. The goal was that in 2023 1,000 women in the supply chain would be given additional knowledge about covid and the vaccines to combat the virus.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 49
  • Transparency & Controls: 85
  • Accountability: 84
  • Sustainability: 21
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.2%; rating input score 56
  • Program expense ratio: 53.6%; rating input score 54
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -4.8%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0.29; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 3.97; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 26.2%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 0% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 11.4% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 27.2% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 56.2% of revenue deployed · 53.6% of spending went to programs
  • Governance: 8 of 8 board members independent · 5 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $123K in reported program spending
  • Leadership: top reported pay $60K · 8 people listed
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 8 filing years from 2014 to 2022
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Financial Efficiency: Mission deployment rate scored 56/100.
  • Review — Financial Efficiency: Program expense ratio scored 54/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 32/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.