Share-ws Inc

Nonprofit profile at a glance

EIN
824465935
IRS 990 coverage
2020–2022
Forms available
Form 990 2022, Form 990-N 2019
Location
Winstonsalem, NC, USA
Phone
3367934280
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Food, Agriculture, and Nutrition N.E.C.

Official website

Reported finances

Revenue
$978,955
Expenses
$204,829
Assets
$1,791,158
Liabilities
$652,051

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

Leadership & pay

3 people listed

People named in this filing

  • RALPH PEEPLES (SECRETARY)
  • RICHIE WILLIAMS (TREASURER)
  • GARY WILLIAMS (EXECUTIVE DI)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Winston-salem, nc, the principal city in forsyth county, has multiple "food deserts,- or residential areas where there are no full-service grocery stores, offering produce and other fresh foods, within a radius of one mile. These "food deserts" are located in areas of the city where the median family income is at or near the federal poverty level. According to a 2017 study commissioned by the city of winston-salem, an estimated 17% of forsyth county residents experienced food insecurity in 2014. An estimated 38% of poor forsyth county residents live in a "food desert," in a county with a population of over 360,000. Residents of "food deserts" are normally afflicted by multiple disadvantages. They typically lack reliable transportation, which diminishes their opportunity for living wage employment and access to healthy food options. Their predicament results in their perception of having no alternatives except to utilize local convenience stores and other fast food options. Therefore, t

What it reported doing in 2022

Share is establishing "a full-service retail food market in a food desert," in winston-salem, North Carolina. Our vision is to provide wholesome, fresh food, at a reasonable price, thereby eliminating food insecurity for an underserved population. The share food market (dba, the harvest market) will off-set "food insecurity," help business development, and create jobs within the community. Share has been working on this project for more than 4 years. In that time: - our member base has expanded to more than 450 members. - we have mobilized funding from multiple sources, including members and foundations. - contractors and vendors for architectural drawings and food service equipment have been acquired. - we implemented our ecommerce site to actively begin selling groceries through our point-of-sale system. - opened and operating the sale of foods through our beta-site (the harvest mini market). - hired an ecommerce coordinator and several staff members, - initiated and operating our food pharmacy project; a collaboration with the united health centers, winston-salem, nc., to give patients food vouchers to improve their health, and we have - secured the services of a local accounting firm for our bookkeeping and financial reporting needs. Construction within the main store in the west salem shopping center, has begun. We anticipate a store opening in 8-10 months. This community and economic initiative, with your help, would improve public health through healthy food, create approximately 26 jobs, and produce measurable community & economic development.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 45
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 16.1%; rating input score 16
  • Program expense ratio: 77.1%; rating input score 77
  • Fundraising efficiency: $169.72 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: 79.1%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 8.74; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.36; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: 43.1% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 72.4% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 90.3% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 16.1% of revenue deployed · 77.1% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $158K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2020 to 2022
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 16/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.