Shares INC FY2020 filing

Tax-deductible

Shelbyville, IN501(c)(3)Since 1977EducationEIN 35-1389005Revenue $6.4M in FY2020

On file with the IRS1611 S Miller St, 46176-2950 · Shelbyville, INTax-exempt since Jun 1977Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $484K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.3M
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 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
$6.4M
Spent
$5.3M
To programs
85%
Net assets
$5.2M
By yearFY2020–FY2024
Revenue
$6.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$6.4M
FY2021$6.1M
FY2022$5.6M
FY2023$4.5M
FY2024$4.7M
FY2024$5.2M
Expenses
$5.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5.3M
FY2021$4.6M
FY2022$5.2M
FY2023$4.9M
FY2024$4.9M
FY2024$5.1M
Net assets
$5.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.2M
FY2021$6.7M
FY2022$7.1M
FY2023$6.7M
FY2024$6.5M
FY2024$6.6M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1977.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $4.5M Management & general 15% · $785K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Ryan Bethel’s $181K as General Mana is at the 77th percentile of top reported officer pay among 3394 $1–10M education 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

NameFY2024FY2024
Ryan Bethel$180,993$156,216

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 Shares 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

Programs and updates

Shares INC is an education nonprofit based in Shelbyville, IN, formed in 1977.

Provided by the organization

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2 programs · $4.5M · in their own filed words · FY2019
01

The workshop program serves as a training ground for physically and mentally handicapped individuals by providing employment and supervised training of job skills.

$3.5Mprogram expense
02

The adult training program is a beginning training ground for physically and mentally hadicapped individuals which provides basic life and motor skills.

$1.0Mprogram 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$6K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6.4M
Ln 12
Fees for servicesLn 2g$2.6M
Other incomeLn 4–11$2.6M
Gifts and grantsLn 1h$1.1M
Money outPt IX
$5.3M
Ln 25
Programscol B$4.5M
Managementcol C$785K
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$9.5M
LiabilitiesLn 26$4.3M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$1.1M
Fees for servicesLn 2g$2.6M
Other incomeLn 4–11$2.6M
Total revenueLn 12$6.4M
Assets in detailPt X, end of year
CashLn 1$1.8M
Cash and savings togetherLn 1–2$1.8M
Land, buildings, equipmentLn 10c$4.2M
Total assetsLn 16$9.5M
LiabilitiesLn 26$4.3M
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 5295
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$927K$1.8M
Land, buildings, equipmentLn 10c$4.5M$4.2M
Total assetsLn 16$8.6M$9.5M
LiabilitiesLn 26$4.6M$4.3M
Net assetsLn 32$4.1M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3.5M$3.1M$413K
Other employee benefitsLn 9$281K$257K$24K
Payroll taxesLn 10$261K$230K$31K
Accounting feesLn 11c$80K$44K$36K
Office expensesLn 13$14K$7K$6K
OccupancyLn 16$3K$2K$1K
TravelLn 17$2K$2K
InterestLn 20$183K$183K
Depreciation, depletion and amortizationLn 22$438K$438K
InsuranceLn 23$205K$114K$91K
Other expenses (24a–d)Ln 24$292K$292K
Total functional expensesLn 25$5.3M$4.5M$785K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $4.7M$4.9M−$199K$6.5M 990 PDF
FY2023 $4.5M$4.9M−$361K$6.7M 990 PDF
FY2022 $5.6M$5.2M$396K$7.1M 990 PDF
FY2021 $6.1M$4.6M$1.5M$6.7M 990 PDF
FY2020 Viewing $6.4M$5.3M$1.1M$5.2M 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 FY2020 990 (6 parts)
Part I · Summary $6,359,306 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $310,580$1,126,550
I-9 Program service revenuePrior year $2,944,459$2,634,212
I-10 Investment income$0
I-11 Other revenuePrior year $1,949,248$2,598,544
I-12 Total revenuePrior year $5,204,287$6,359,306
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,960,241$4,051,821
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,173,008$1,216,191
I-18 Total expensesPrior year $5,133,249$5,268,012
I-19 Revenue less expensesPrior year $71,038$1,091,294
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $6,359,306 across 5 lines filed
Lines not itemized here account for $2,509,122 of total revenue; see the IRS return.
VIII-1e Government grants$1,126,550
VIII-1h Total contributions, gifts and grants$1,126,550
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,634,212$2,634,212
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $89,422$89,422
VIII-12 Total revenueRelated to mission $5,232,756$6,359,306
Part IX · Statement of functional expenses $5,268,012 across 11 lines filed
IX-7 Other salaries and wagesPrograms $3,096,822 · Management $412,857$3,509,679
IX-9 Other employee benefitsPrograms $256,944 · Management $23,970$280,914
IX-10 Payroll taxesPrograms $230,314 · Management $30,914$261,228
IX-11c Accounting feesPrograms $44,361 · Management $35,713$80,074
IX-13 Office expensesPrograms $7,490 · Management $6,030$13,520
IX-16 OccupancyPrograms $1,727 · Management $1,391$3,118
IX-17 TravelPrograms $1,521$1,521
IX-20 InterestManagement $182,761$182,761
IX-22 Depreciation, depletion and amortizationPrograms $438,243$438,243
IX-23 InsurancePrograms $113,506 · Management $91,379$204,885
IX-24 Other expenses (24a–d)Programs $292,069$292,069
IX-25 Total functional expensesPrograms $4,482,997 · Management $785,015 · Fundraising $0$5,268,012
Part X · Balance sheet $9,469,342 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $926,945$1,756,095
X-4 Accounts receivableStart of year $1,300,865$1,770,627
X-8 Inventories for sale or useStart of year $1,841,225$1,672,172
X-9 Prepaid expenses and deferred chargesStart of year $30,604$63,402
X-10c Land, buildings and equipment, netStart of year $4,545,812$4,207,046
X-16 Total assetsStart of year $8,645,451$9,469,342
X-17 Accounts payable and accrued expensesStart of year $695,015$642,126
X-19 Deferred revenueStart of year $180,179$59,267
X-25 Other liabilitiesStart of year $431,564$492,989
X-26 Total liabilitiesStart of year $4,570,850$4,267,375
X-27 Net assets without donor restrictionsStart of year $4,074,601$5,201,967
X-32 Total net assets or fund balancesStart of year $4,074,601$5,201,967
X-33 Total liabilities and net assetsStart of year $8,645,451$9,469,342
Part XI · Reconciliation of net assets $5,201,967 net assets at year end
XI-1 Total revenue$6,359,306
XI-2 Total expenses$5,268,012
XI-3 Revenue less expenses$1,091,294
XI-4 Net assets at start of year$4,074,601
XI-8 Prior period adjustments$36,072
XI-10 Net assets at end of year$5,201,967

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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