Project Share INC FY2022 filing

Tax-deductible

Medford, NY501(c)(3)Foundations & GrantmakersEIN 11-3029852

Community residence program which establishes, operates, and maintains residences for persons with psychiatric disabilities.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $53K a year · 34% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 636% of spending
Concern: pay to officers and key staff is 636% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $21K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
216% of total assets
Concern: liabilities are 216% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$152K
-2% vs prior year
Spent
$202K
To programs
87%
Net assets
−$567K
By yearFY2020–FY2025
Revenue
$152K
FY2022▼ -2%
Revenue by fiscal year
FY2020$153K
FY2021$154K
FY2022$152K
FY2023$149K
FY2024$175K
FY2025$162K
Expenses
$202K
FY2022▼ -1%
Expenses by fiscal year
FY2020$183K
FY2021$204K
FY2022$202K
FY2023$222K
FY2024$228K
FY2025$223K
Net assets
−$567K
FY2022▼ -10%
Net assets by fiscal year
FY2020−$467K
FY2021−$517K
FY2022−$567K
FY2023−$640K
FY2024−$693K
FY2025−$754K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1990.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $175K Management & general 13% · $27K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

17 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$432,667Pt VII · Sec A
Chief Operating Officer
$293,488Pt VII · Sec A
Associate Ed of Quality as
$158,813Pt VII · Sec A
Director of Nyc Operations
$151,722Pt VII · Sec A
Director of Li Program Ope
$140,319Pt VII · Sec A
CFO (resigned July 2022)
$105,759Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Ralph Fasano’s $433K as Executive Director is at the 100th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2022FY2021
Ralph Fasano$432,667$398,795
Elizabeth Lunde$293,488$286,530
Shona St Angelo$105,759$169,948
Elizabeth Weinbaum$158,813$153,542
James Mutton$151,722$132,038
Michael Bellotti—$147,413
Robin Smith$140,319$132,341

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides and manages homes for adults with psychiatric disabilities.

Provided by the organization

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1 program service account for $175K of program spending, described in the organization's own filed words · FY2022.
01

Community residence program which establishes, operates, and maintains residences for persons with psychiatric disabilities.

$175Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 2 funders$21K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$152K
Ln 12
Gifts and grantsLn 1h$104K
Fees for servicesLn 2g$46K
Other incomeLn 4–11$773
Money outPt IX
$202K
Ln 25
Programscol B$175K
Managementcol C$27K
Owns and owesPt X
−$567K
net assets · Ln 32
Cash and savingsLn 1–2$52K
Total assetsLn 16$489K
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
17
listed · VII A
PaidVII A6
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$104K
Government grantsLn 1e$104K
Fees for servicesLn 2g$46K
Investment incomeLn 3$1
Other incomeLn 4–11$773
Total revenueLn 12$152K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$49K
Cash and savings togetherLn 1–2$52K
Land, buildings, equipmentLn 10c$425K
Total assetsLn 16$489K
LiabilitiesLn 26$1.1M
Net assetsLn 32−$567K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$51K$52K
Land, buildings, equipmentLn 10c$438K$425K
Total assetsLn 16$493K$489K
LiabilitiesLn 26$1.0M$1.1M
Net assetsLn 32−$517K−$567K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$8K$8K
Legal feesLn 11b$385$385
Accounting feesLn 11c$5K$5K
Office expensesLn 13$2K$2K
OccupancyLn 16$26K$26K
InterestLn 20$55K$55K
Depreciation, depletion and amortizationLn 22$38K$38K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$62K$51K$11K
Total functional expensesLn 25$202K$175K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $162K$223K−$62K−$754K 990 PDF
FY2024 $175K$228K−$53K−$693K 990 PDF
FY2023 $149K$222K−$72K−$640K 990 PDF
FY2022 Viewing $152K$202K−$50K−$567K 990 PDF
FY2021 $154K$204K−$51K−$517K 990 PDF
FY2020 $153K$183K−$29K−$467K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $151,520 across 6 lines filed
VIII-1e Government grants$104,421
VIII-1h Total contributions, gifts and grants$104,421
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,325$46,325
VIII-3 Investment incomeExcluded from tax $1$1
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $773$773
VIII-12 Total revenueRelated to mission $47,098 · Unrelated business $0 · Excluded from tax $1$151,520
Part IX · Statement of functional expenses $201,555 across 9 lines filed
IX-11a Management feesManagement $8,352$8,352
IX-11b Legal feesManagement $385$385
IX-11c Accounting feesManagement $5,000$5,000
IX-13 Office expensesManagement $2,001$2,001
IX-16 OccupancyPrograms $25,562$25,562
IX-20 InterestPrograms $54,839$54,839
IX-22 Depreciation, depletion and amortizationPrograms $37,849$37,849
IX-23 InsurancePrograms $5,471$5,471
IX-24 Other expenses (24a–d)Programs $50,970 · Management $11,126$62,096
IX-25 Total functional expensesPrograms $174,691 · Management $26,864 · Fundraising $0$201,555
Part X · Balance sheet $489,013 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,192$2,395
X-2 Savings and temporary cash investmentsStart of year $49,437$49,340
X-4 Accounts receivableStart of year $4,303$12,101
X-9 Prepaid expenses and deferred chargesStart of year $479$502
X-10c Land, buildings and equipment, netStart of year $438,049$424,675
X-16 Total assetsStart of year $493,460$489,013
X-17 Accounts payable and accrued expensesStart of year $1,618$3,999
X-19 Deferred revenueStart of year $605$596
X-25 Other liabilitiesStart of year $117,970$181,130
X-26 Total liabilitiesStart of year $1,010,682$1,056,270
X-27 Net assets without donor restrictionsStart of year −$517,222−$567,257
X-32 Total net assets or fund balancesStart of year −$517,222−$567,257
X-33 Total liabilities and net assetsStart of year $493,460$489,013
Part XI · Reconciliation of net assets −$567,257 net assets at year end
XI-1 Total revenue$151,520
XI-2 Total expenses$201,555
XI-3 Revenue less expenses−$50,035
XI-4 Net assets at start of year−$517,222
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$567,257

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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