Share Hope Foundation INC

IRS exemption revoked

New York, NY501(c)(3)InternationalEIN 27-2075701Revenue $219K in FY2022

On file with the IRSsharehopefoundation.org116 W 23rd St, 10011-2599 · New York, NYTax-exempt since May 2010Publicly supported charity — 170(b)(1)(A)(vi)

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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.

54¢ of each $1 spent went to programs.
$44K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $35K a year · 14% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$44K
to officers and key staff · 19% of spending
Top officer’s pay lower than 59% of similar orgs
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $22K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$264K
397% of total assets
Concern: liabilities are 397% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$219K
-15% vs prior year
Spent
$229K
To programs
54%
Net assets
−$197K
By yearFY2020–FY2022
Revenue
$219K
FY2022▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$277K
FY2021$256K
FY2022$219K
Expenses
$229K
FY2022▼ -38%
Tap a bar for its year
Expenses by fiscal year
FY2020$258K
FY2021$370K
FY2022$229K
Net assets
−$197K
FY2022▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020−$73K
FY2021−$187K
FY2022−$197K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in May 2010.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $123K Management & general 46% · $106K

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

8 people listed on the 990; $44K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director, President
$44,231Pt VII · Sec A
Director, Secretary
$0Pt VII · Sec A
Chair Admin Committee
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Director, Chairman of Boar
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Cynthia Petterson’s $44K as Director, President is at the 41st percentile of top reported officer pay among 1636 $100K–1M international 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 · 1 named individual · Part VII

NameFY2022FY2020
Cynthia Petterson$44,231$15,000

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 Share Hope Foundation 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 15aNo
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Promotes fair trade in textiles to lift workers and families out of poverty.

Provided by the organization

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3 programs · $123K · in their own filed words · FY2022
01

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…

$113Kprogram expense
02

The factory clinic improvement program (originally launched in 2016 with the ILO/BETTER work program) continues to offer factory clinic nurses health education seminars. Of the 32 factories in haiti, 14 enrolled their clinics. These seminars typically last 3 to 6 hours and cover a variety of topics.

$10Kprogram expense
03

Share hope foundation discontinued its high school completion program as of january 2021. The gang violence and civil unrest did not allow students to stay any additional hours after work, nor did it allow for the teachers to travel to and from the school site.

Pt IX · col B

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 · FY2024
Total grants receivedfrom 1 funder$22K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$219K
Ln 12
Gifts and grantsLn 1h$205K
Fees for servicesLn 2g$14K
Money outPt IX
$229K
Ln 25
Programscol B$123K
Managementcol C$106K
Owns and owesPt X
−$197K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$66K
LiabilitiesLn 26$264K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$205K
Fees for servicesLn 2g$14K
Total revenueLn 12$219K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$26K
Total assetsLn 16$66K
LiabilitiesLn 26$264K
Net assetsLn 32−$197K
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$5K$3K
Land, buildings, equipmentLn 10c$41K$26K
Total assetsLn 16$85K$66K
LiabilitiesLn 26$272K$264K
Net assetsLn 32−$187K−$197K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$25K$35K
Payroll taxesLn 10$4K$2K$2K
Accounting feesLn 11c$8K$3K$5K
Other fees for servicesLn 11g$50$50
Advertising and promotionLn 12$26K$26K
Office expensesLn 13$9K$9K
OccupancyLn 16−$2K−$2K
TravelLn 17$20$20
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$356$356
Other expenses (24a–d)Ln 24$106K$93K$13K
All other expensesLn 24e$4K$305$4K
Total functional expensesLn 25$229K$123K$106K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $219K$229K−$11K−$197K 990 PDF
FY2021 $256K$370K−$114K−$187K 990 PDF
FY2020 $277K$258K$19K−$73K 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 (6 parts)
Part I · Summary $218,813 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $249,589$204,833
I-9 Program service revenuePrior year −$495$13,980
I-10 Investment incomePrior year $7,000$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $256,094$218,813
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 $60,000$63,678
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $309,731$165,721
I-18 Total expensesPrior year $369,731$229,399
I-19 Revenue less expensesPrior year −$113,637−$10,586
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $218,813 across 4 lines filed
Lines not itemized here account for $12,680 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$204,833
VIII-1h Total contributions, gifts and grants$204,833
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,300$1,300
VIII-12 Total revenueRelated to mission $13,980 · Unrelated business $0 · Excluded from tax $0$218,813
Part IX · Statement of functional expenses $229,399 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $25,000 · Management $35,000$60,000
IX-10 Payroll taxesPrograms $1,533 · Management $2,145$3,678
IX-11c Accounting feesPrograms $3,000 · Management $4,580$7,580
IX-11g Other fees for servicesManagement $50$50
IX-12 Advertising and promotionManagement $25,747$25,747
IX-13 Office expensesManagement $8,649$8,649
IX-16 OccupancyManagement −$1,500−$1,500
IX-17 TravelManagement $20$20
IX-22 Depreciation, depletion and amortizationManagement $15,268$15,268
IX-23 InsuranceManagement $356$356
IX-24 Other expenses (24a–d)Programs $93,085 · Management $12,522$105,607
IX-24e All other expensesPrograms $305 · Management $3,639$3,944
IX-25 Total functional expensesPrograms $122,923 · Management $106,476 · Fundraising $0$229,399
Part X · Balance sheet $66,417 assets, 9 lines filed
Asset lines not itemized here account for $466; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $4,727$2,800
X-8 Inventories for sale or useStart of year $39,192$37,355
X-10c Land, buildings and equipment, netStart of year $41,064$25,796
X-16 Total assetsStart of year $84,983$66,417
X-17 Accounts payable and accrued expensesStart of year $215,984$232,453
X-24 Unsecured notes and loans payableStart of year $31,250$31,250
X-26 Total liabilitiesStart of year $271,683$263,703
X-32 Total net assets or fund balancesStart of year −$186,700−$197,286
X-33 Total liabilities and net assetsStart of year $84,983$66,417
Part XI · Reconciliation of net assets −$197,286 net assets at year end
XI-1 Total revenue$218,813
XI-2 Total expenses$229,399
XI-3 Revenue less expenses−$10,586
XI-4 Net assets at start of year−$186,700
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$197,286

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

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