Shares INC FY2022 filing

Tax-deductible

Shelbyville, IN501(c)(3)Since 1977EducationEIN 35-1389005Revenue $5.6M in FY2022

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.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
4 of 6
filings with a surplus
Average surplus $421K a year · 8% of revenue · last 6 filings
Fine: a surplus in 4 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
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 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
$2.7M
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 12 voting members
Concern: none of 12 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.6M
-8% vs prior year
Spent
$5.2M
To programs
83%
Net assets
$7.1M
By yearFY2020–FY2025
Revenue
$5.6M
FY2022▼ -8%
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
FY2025$5.2M
Expenses
$5.2M
FY2022▲ +13%
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
FY2025$5.1M
Net assets
$7.1M
FY2022▲ +6%
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
FY2025$6.6M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
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 Jun 1977.

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% · $4.3M Management & general 17% · $867K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Director
$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
Director
$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

NameFY2025FY2024
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.

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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.

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Provided by the organization

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2 programs · $4.3M · in their own filed words · FY2021
01

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

$3.1Mprogram expense
02

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

$1.2Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$5.6M
Ln 12
Other incomeLn 4–11$2.9M
Fees for servicesLn 2g$2.5M
Gifts and grantsLn 1h$209K
Money outPt IX
$5.2M
Ln 25
Programscol B$4.3M
Managementcol C$867K
Owns and owesPt X
$7.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$9.7M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$209K
Government grantsLn 1e$209K
Fees for servicesLn 2g$2.5M
Other incomeLn 4–11$2.9M
Total revenueLn 12$5.6M
Assets in detailPt X, end of year
CashLn 1$2.4M
Cash and savings togetherLn 1–2$2.4M
Land, buildings, equipmentLn 10c$3.3M
Total assetsLn 16$9.7M
LiabilitiesLn 26$2.7M
Net assetsLn 32$7.1M
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 FY22End FY22
Cash and savingsLn 1–2$2.9M$2.4M
Land, buildings, equipmentLn 10c$3.6M$3.3M
Total assetsLn 16$9.7M$9.7M
LiabilitiesLn 26$3.0M$2.7M
Net assetsLn 32$6.7M$7.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3.3M$2.8M$439K
Other employee benefitsLn 9$290K$247K$44K
Payroll taxesLn 10$257K$221K$36K
Accounting feesLn 11c$99K$55K$44K
Office expensesLn 13$7K$4K$3K
OccupancyLn 16$404K$224K$180K
TravelLn 17$74K$74K
InterestLn 20$55K$55K
Depreciation, depletion and amortizationLn 22$293K$293K
InsuranceLn 23$149K$82K$66K
Other expenses (24a–d)Ln 24$285K$285K
Total functional expensesLn 25$5.2M$4.3M$867K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.2M$5.1M$105K$6.6M 990 PDF
FY2024 $4.7M$4.9M−$199K$6.5M 990 PDF
FY2023 $4.5M$4.9M−$361K$6.7M 990 PDF
FY2022 Viewing $5.6M$5.2M$396K$7.1M 990 PDF
FY2021 $6.1M$4.6M$1.5M$6.7M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $5,565,431 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $408,227$209,450
I-9 Program service revenuePrior year $1,895,382$2,451,335
I-10 Investment incomePrior year −$377,091$0
I-11 Other revenuePrior year $4,126,554$2,904,646
I-12 Total revenuePrior year $6,053,072$5,565,431
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,311,289$3,802,792
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,250,716$1,366,718
I-18 Total expensesPrior year $4,562,005$5,169,510
I-19 Revenue less expensesPrior year $1,491,067$395,921
Part VI · Governance 0 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members0
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 $5,565,431 across 5 lines filed
Lines not itemized here account for $2,858,655 of total revenue; see the IRS return.
VIII-1e Government grants$209,450
VIII-1h Total contributions, gifts and grants$209,450
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,451,335$2,451,335
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $45,991$45,991
VIII-12 Total revenueRelated to mission $5,355,981$5,565,431
Part IX · Statement of functional expenses $5,169,510 across 11 lines filed
IX-7 Other salaries and wagesPrograms $2,816,807 · Management $438,902$3,255,709
IX-9 Other employee benefitsPrograms $246,567 · Management $43,723$290,290
IX-10 Payroll taxesPrograms $221,281 · Management $35,512$256,793
IX-11c Accounting feesPrograms $55,021 · Management $44,294$99,315
IX-13 Office expensesPrograms $4,069 · Management $3,275$7,344
IX-16 OccupancyPrograms $223,753 · Management $180,133$403,886
IX-17 TravelPrograms $73,908$73,908
IX-20 InterestManagement $55,139$55,139
IX-22 Depreciation, depletion and amortizationPrograms $293,153$293,153
IX-23 InsurancePrograms $82,432 · Management $66,362$148,794
IX-24 Other expenses (24a–d)Programs $285,179$285,179
IX-25 Total functional expensesPrograms $4,302,170 · Management $867,340 · Fundraising $0$5,169,510
Part X · Balance sheet $9,744,679 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,945,823$2,378,012
X-4 Accounts receivableStart of year $1,175,586$1,551,858
X-8 Inventories for sale or useStart of year $1,999,863$2,378,259
X-9 Prepaid expenses and deferred chargesStart of year $53,059$102,360
X-10c Land, buildings and equipment, netStart of year $3,560,146$3,334,190
X-16 Total assetsStart of year $9,734,477$9,744,679
X-17 Accounts payable and accrued expensesStart of year $725,174$740,763
X-19 Deferred revenueStart of year $58,875$50,750
X-25 Other liabilitiesStart of year $437,187$478,446
X-26 Total liabilitiesStart of year $3,041,443$2,655,724
X-27 Net assets without donor restrictionsStart of year $6,693,034$7,088,955
X-32 Total net assets or fund balancesStart of year $6,693,034$7,088,955
X-33 Total liabilities and net assetsStart of year $9,734,477$9,744,679
Part XI · Reconciliation of net assets $7,088,955 net assets at year end
XI-1 Total revenue$5,565,431
XI-2 Total expenses$5,169,510
XI-3 Revenue less expenses$395,921
XI-4 Net assets at start of year$6,693,034
XI-10 Net assets at end of year$7,088,955

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

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