Sharefest equips youth facing significant barriers to achieve economic success.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 280 volunteers and 27 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $416K a year · 21% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$443K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
11 mo
of spending, in cash
Looks good: 11.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$65K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
+60% vs prior year
Spent
$2.2M
To programs
83%
Net assets
$3.6M
By yearFY2020–FY2025
Revenue
$2.9M
FY2025▲ +60%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.7M
FY2022$2.1M
FY2023$2.2M
FY2024$1.8M
FY2025$2.9M
Expenses
$2.2M
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$763K
FY2021$1.1M
FY2022$1.6M
FY2023$1.9M
FY2024$2.1M
FY2025$2.2M
Net assets
$3.6M
FY2025▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$2.3M
FY2022$2.8M
FY2023$3.1M
FY2024$2.9M
FY2025$3.6M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2007.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $1.8M Management & general 5% · $109K Fundraising 12% · $273K

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

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Who runs it and what they're paid

14 people listed on the 990; $443K paid to officers and key staff.

Part VII, Section A · reportable compensation
$192,938Pt VII · Sec A
VP of Programs
$144,703Pt VII · Sec A
VP of Finance & Operations
$105,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Chadwick R Mayer’s $193K as President is at the 88th percentile of top reported officer pay among 3868 $1–10M human services 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Chadwick R Mayer$192,938$194,213$183,750$175,000$140,000$143,000
Gretchen Downey$144,703$142,480$137,813$131,250$125,000—
Betsy Chou$105,000$106,452————

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.

See Sharefest Community Development INC executive salaries →

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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

Empowering youth to transform futures and lead collaborative change.

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Provided by the organization

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2 programs · $1.8M · in their own filed words · FY2025
01

Sharefest's Career Connections serves 500+ students in LAUSD Continuation and Charter Option High Schools with courses encompassing Socio-Emotional Learning, Purpose Education, Professional Development, College/Career Access, Entrepreneurship, Financial Literacy and Service Learning.

$1.5Mprogram expense
02

Sharefest's Corporate Services program organizes community service projects for local corporations who provide volunteers, community awareness and funding. Projects include the improvement and beautification of schools, parks and other public spaces.

$352Kprogram expense

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 · FY2025
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Gifts and grantsLn 1h$2.8M
Investment incomeLn 3$63K
Other incomeLn 4–11$37K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.8M
Managementcol C$109K
Fundraisingcol D$273K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$3.6M
LiabilitiesLn 26$65K
PeoplePt VI, VII
14
listed · VII A
PaidVII A3
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Government grantsLn 1e$168K
Noncash giftsLn 1g$39K
Fundraising eventsLn 1c$89K
Investment incomeLn 3$63K
Other incomeLn 4–11$37K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$902K
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$577K
Total assetsLn 16$3.6M
LiabilitiesLn 26$65K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 527
VolunteersI 6280
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 FY25End FY25
Cash and savingsLn 1–2$1.9M$2.1M
InvestmentsLn 11–13$479K$0
Land, buildings, equipmentLn 10c$620K$577K
Total assetsLn 16$3.0M$3.6M
LiabilitiesLn 26$136K$65K
Net assetsLn 32$2.9M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$443K$372K$21K$50K
Other salaries and wagesLn 7$942K$791K$44K$107K
Pension plan contributionsLn 8$10K$9K$352$616
Other employee benefitsLn 9$96K$87K$3K$6K
Payroll taxesLn 10$107K$97K$4K$6K
Accounting feesLn 11c$17K$13K$2K$2K
Office expensesLn 13$10K$7K$3K
TravelLn 17$44K$44K$126$577
Conferences, conventions and meetingsLn 19$11K$4K$2K$4K
Depreciation, depletion and amortizationLn 22$43K$43K
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$454K$344K$21K$89K
All other expensesLn 24e$14K$5K$5K$4K
Total functional expensesLn 25$2.2M$1.8M$109K$273K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.9M$2.2M$706K$3.6M 990 PDF
FY2024 $1.8M$2.1M−$240K$2.9M 990 PDF
FY2023 $2.2M$1.9M$328K$3.1M 990 PDF
FY2022 $2.1M$1.6M$472K$2.8M 990 PDF
FY2021 $1.7M$1.1M$641K$2.3M 990 PDF
FY2020 $1.4M$763K$589K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,927,957 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,634,835$2,828,307
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $92,962$62,823
I-11 Other revenuePrior year $99,379$36,827
I-12 Total revenuePrior year $1,827,176$2,927,957
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,467,100$1,598,339
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $600,308$623,576
I-18 Total expensesPrior year $2,067,408$2,221,915
I-19 Revenue less expensesPrior year −$240,232$706,042
Part VI · Governance 11 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,927,957 across 8 lines filed
VIII-1c Fundraising events$88,803
VIII-1e Government grants$167,570
VIII-1f All other contributions, gifts and grants$2,571,934
VIII-1g Noncash contributions (included above)$38,969
VIII-1h Total contributions, gifts and grants$2,828,307
VIII-3 Investment incomeExcluded from tax $62,823$62,823
VIII-8 Net income from fundraising eventsExcluded from tax $36,827$36,827
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $99,650$2,927,957
Part IX · Statement of functional expenses $2,221,915 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $371,660 · Management $20,755 · Fundraising $50,226$442,641
IX-7 Other salaries and wagesPrograms $790,827 · Management $44,162 · Fundraising $106,874$941,863
IX-8 Pension plan contributionsPrograms $9,427 · Management $352 · Fundraising $616$10,395
IX-9 Other employee benefitsPrograms $87,418 · Management $3,260 · Fundraising $5,719$96,397
IX-10 Payroll taxesPrograms $97,073 · Management $3,620 · Fundraising $6,350$107,043
IX-11c Accounting feesPrograms $13,450 · Management $1,825 · Fundraising $1,825$17,100
IX-13 Office expensesManagement $6,946 · Fundraising $2,971$9,917
IX-17 TravelPrograms $43,708 · Management $126 · Fundraising $577$44,411
IX-19 Conferences, conventions and meetingsPrograms $4,110 · Management $2,224 · Fundraising $4,381$10,715
IX-22 Depreciation, depletion and amortizationPrograms $43,412$43,412
IX-23 InsurancePrograms $29,640$29,640
IX-24 Other expenses (24a–d)Programs $344,316 · Management $20,925 · Fundraising $88,916$454,157
IX-24e All other expensesPrograms $4,878 · Management $5,247 · Fundraising $4,099$14,224
IX-25 Total functional expensesPrograms $1,839,919 · Management $109,442 · Fundraising $272,554$2,221,915
Part X · Balance sheet $3,621,599 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $895,699$1,156,961
X-2 Savings and temporary cash investmentsStart of year $963,466$901,513
X-3 Pledges and grants receivableStart of year $28,486$986,264
X-10c Land, buildings and equipment, netStart of year $620,273$576,861
X-12 Other securitiesStart of year $478,845$0
X-16 Total assetsStart of year $2,986,769$3,621,599
X-17 Accounts payable and accrued expensesStart of year $136,133$64,921
X-26 Total liabilitiesStart of year $136,133$64,921
X-27 Net assets without donor restrictionsStart of year $2,767,936$2,251,164
X-28 Net assets with donor restrictionsStart of year $82,700$1,305,514
X-32 Total net assets or fund balancesStart of year $2,850,636$3,556,678
X-33 Total liabilities and net assetsStart of year $2,986,769$3,621,599
Part XI · Reconciliation of net assets $3,556,678 net assets at year end
XI-1 Total revenue$2,927,957
XI-2 Total expenses$2,221,915
XI-3 Revenue less expenses$706,042
XI-4 Net assets at start of year$2,850,636
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,556,678

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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