Sharefest Community Development INC FY2022 filing

Tax-deductible

San Pedro, CA501(c)(3)Since 2006Human ServicesEIN 20-5651596

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Sharefest equips youth facing significant barriers to achieve economic success.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$306K 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
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
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
$306K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 16.0 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
$190K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 13 voting members
Looks good: 12 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+22% vs prior year
Spent
$1.6M
To programs
87%
Net assets
$2.8M
By yearFY2020–FY2025
Revenue
$2.1M
FY2022▲ +22%
Revenue by fiscal year
FY2020$1.4M
FY2021$1.7M
FY2022$2.1M
FY2023$2.2M
FY2024$1.8M
FY2025$2.9M
Expenses
$1.6M
FY2022▲ +51%
Expenses by fiscal year
FY2020$763K
FY2021$1.1M
FY2022$1.6M
FY2023$1.9M
FY2024$2.1M
FY2025$2.2M
Net assets
$2.8M
FY2022▲ +21%
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 FY2022 Form 990 · figures checked against the IRS filing · 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 Jul 2007.

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% · $1.4M Management & general 6% · $100K Fundraising 7% · $107K

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

12 people listed on the 990; $306K paid to officers and key staff.

Part VII, Section A · reportable compensation
$175,000Pt VII · Sec A
VP of Programs
$131,250Pt VII · Sec A
$0Pt 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.

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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.

Provided by the organization

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2 program services account for $1.4M of program spending, described in the organization's own filed words · FY2022.
01

Sharefest's Youth Leadership Academy (YLA) serves 360+ students in six LAUSD Continuation High Schools with credit-eligible courses encompassing Socio-Emotional Learning, Purpose Education, Professional Development, College/Career Access, Entrepreneurship, Financial Literacy and Service Learning.

$1.4Mprogram 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. Corporate partners also serve as a resource for the YLA's workforce development program.

Pt IX · col B

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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 · FY2025
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$2.1M
Other incomeLn 4–11$34K
Investment incomeLn 3$2K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.4M
Managementcol C$100K
Fundraisingcol D$107K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$3.0M
LiabilitiesLn 26$190K
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$325K
Noncash giftsLn 1g$72K
Fundraising eventsLn 1c$94K
Investment incomeLn 3$2K
Other incomeLn 4–11$34K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$2.2M
Cash and savings togetherLn 1–2$2.2M
Land, buildings, equipmentLn 10c$705K
Total assetsLn 16$3.0M
LiabilitiesLn 26$190K
Net assetsLn 32$2.8M
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 FY22End FY22
Cash and savingsLn 1–2$1.6M$2.2M
Land, buildings, equipmentLn 10c$748K$705K
Total assetsLn 16$2.6M$3.0M
LiabilitiesLn 26$259K$190K
Net assetsLn 32$2.3M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$175K$151K$11K$14K
Other salaries and wagesLn 7$733K$631K$46K$57K
Other employee benefitsLn 9$65K$56K$4K$5K
Payroll taxesLn 10$70K$60K$5K$5K
Accounting feesLn 11c$15K$11K$2K$2K
Office expensesLn 13$4K$977$2K$523
OccupancyLn 16$7K$5K$823$823
TravelLn 17$3K$3K$34$63
Conferences, conventions and meetingsLn 19$11K$5K$3K$2K
Depreciation, depletion and amortizationLn 22$43K$43K
InsuranceLn 23$33K$33K
Other expenses (24a–d)Ln 24$472K$433K$22K$17K
All other expensesLn 24e$11K$3K$4K$4K
Total functional expensesLn 25$1.6M$1.4M$100K$107K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 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 $2,113,057 across 8 lines filed
VIII-1c Fundraising events$93,616
VIII-1e Government grants$324,572
VIII-1f All other contributions, gifts and grants$1,659,144
VIII-1g Noncash contributions (included above)$72,210
VIII-1h Total contributions, gifts and grants$2,077,332
VIII-3 Investment incomeExcluded from tax $1,652$1,652
VIII-8 Net income from fundraising eventsExcluded from tax $34,073$34,073
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $35,725$2,113,057
Part IX · Statement of functional expenses $1,641,200 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $150,567 · Management $10,903 · Fundraising $13,530$175,000
IX-7 Other salaries and wagesPrograms $630,624 · Management $45,665 · Fundraising $56,670$732,959
IX-9 Other employee benefitsPrograms $55,534 · Management $4,302 · Fundraising $4,969$64,805
IX-10 Payroll taxesPrograms $59,768 · Management $4,630 · Fundraising $5,348$69,746
IX-11c Accounting feesPrograms $11,378 · Management $1,896 · Fundraising $1,896$15,170
IX-13 Office expensesPrograms $977 · Management $2,095 · Fundraising $523$3,595
IX-16 OccupancyPrograms $4,940 · Management $823 · Fundraising $823$6,586
IX-17 TravelPrograms $2,790 · Management $34 · Fundraising $63$2,887
IX-19 Conferences, conventions and meetingsPrograms $4,990 · Management $3,431 · Fundraising $2,469$10,890
IX-22 Depreciation, depletion and amortizationPrograms $42,730$42,730
IX-23 InsurancePrograms $33,465$33,465
IX-24 Other expenses (24a–d)Programs $432,728 · Management $22,332 · Fundraising $16,812$471,872
IX-24e All other expensesPrograms $3,115 · Management $4,065 · Fundraising $4,315$11,495
IX-25 Total functional expensesPrograms $1,433,606 · Management $100,176 · Fundraising $107,418$1,641,200
Part X · Balance sheet $2,953,421 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $1,576,049$2,185,416
X-3 Pledges and grants receivableStart of year $226,833$62,952
X-10c Land, buildings and equipment, netStart of year $747,783$705,053
X-16 Total assetsStart of year $2,550,665$2,953,421
X-17 Accounts payable and accrued expensesStart of year $49,526$167,726
X-19 Deferred revenueStart of year $209,801$22,500
X-26 Total liabilitiesStart of year $259,327$190,226
X-32 Total net assets or fund balancesStart of year $2,291,338$2,763,195
X-33 Total liabilities and net assetsStart of year $2,550,665$2,953,421
Part XI · Reconciliation of net assets $2,763,195 net assets at year end
XI-1 Total revenue$2,113,057
XI-2 Total expenses$1,641,200
XI-3 Revenue less expenses$471,857
XI-4 Net assets at start of year$2,291,338
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,763,195

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

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