Shared Blessings INC EIN 35-2177238

Shared Blessings INC FY2023 filing

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Provides food, medical care, and education for West African children. For fiscal year 2023 it reported $411K in revenue, $315K in expenses, and $716K in net assets.Pt I

Type
Religious organization · Religion
Location
Vancouver, WA
Website
sharedblessings.org
Filings
5 on file (2020–2023)
Revenue
$411KFY2023
Expenses
$315K
Net assets
$716K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  35-2177238 Religious organization Vancouver, WA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Provides food, medical care, and education for West African children.
Leadership
David Berquist · Member
Money in and out
$411K revenue, $315K expenses
Bottom line
83% program efficiency
Where the money goes · FY2023
Total revenue
$411K
Pt VIII · Ln 12
Total expenses
$315K
Pt IX · Ln 25
Net assets
$716K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $96K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.15 Fundraising $0.02
Program efficiency
83%
of spending reaches programs
Operating runway
20.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+23%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$411K
FY2023▲ +80%
Expenses
$315K
FY2023▲ +36%
Total assets
$716K
FY2023▲ +12%
Total liabilities
$70
FY2023▼ -93%
Total revenue
$411K
Pt VIII · Ln 12
Total expenses
$315K
Pt IX · Ln 25
Net assets
$716K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$96K
Total assetsPt X · Ln 16$716K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $263K of program spending, described in the organization's own filed words · FY2023.
01

Preschool through Ninth Grade primary school was built in the Gambia West Africa and opened in September 2005. It now enrolls 350+ students. There are 29 Gambian employees and teachers. SB is registered in the State of Washington as a Nonprofit Charitable Corporation,granted IRC 501(C)(3) Charity status by the IRS, and registered with…

$251Kprogram expense
02

Annually the Feed INF Program provides (350 students + 29 staff times 200 days plus 50 students, feeding 76,050 meals. It may have been less during the COVID-19 restrictions.

$9Kprogram expense
03

SB-Emmanuel Mission Center (EMC) operates a First Aid Clinic on behalf of the 350+ students and 29 staff and teachers. The neighbors also have access to the clinic 40 to 50 individuals served, SB provided financial assistance for medical emergencies.

$3Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CShared Blessings INC
EINHdr · item D35-2177238
Principal addressHdr · item CVancouver, WA
WebsiteHdr · item Jsharedblessings.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X21)
Ruling yearIRS BMFOct 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Memberit Dir Asst Sec
$0Pt VII · Sec A
Presidentsecretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A

Sulayman Bah’s $58K as Chairman is at the 59th percentile of top reported officer pay among 2136 $100K–1M religion 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

NameFY2021FY2020
Sulayman Bah$58,100$54,000

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.

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Statement of Revenue

Part VIII
Contributions & grants$390K · 95%
Program service revenue$12K · 3%
Investment income$9K · 2%
Contributions & grants95%$390K
Program service revenue3%$12K
Investment income2%$9K
Total revenueLn 12$411K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.15 Fundraising $0.02
Program services83%$263K
Management & general15%$46K
Fundraising2%$7K
Total functional expensesLn 25$315K

Balance Sheet

Part X · end of year
CashLn 1$544K
Total assetsLn 16$716K
Total liabilitiesLn 26$70
Total net assetsLn 32$716K
Months of cash on handcomputed20.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $544K · Operating expenses/yr $315K
20.7 months
Where the money goes
Program services
Program services $263K · Total expenses $315K
83%
Management & General
Management & general $46K · Total expenses $315K
15%
Fundraising
Fundraising $7K · Total expenses $315K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $271K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $390K · Total revenue $411K
95%
Government reliance
Government grants — · Total revenue $411K
Earned-income share
Program service revenue $12K · Total revenue $411K
3%
Investment reliance
Investment income $9K · Total revenue $411K
+2%
Program self-sufficiency
Program service revenue $12K · Total expenses $315K
4%
Growth & trend
Revenue growth (YoY)
This year $411K · Prior year $228K
+80%
Net-asset trend (YoY)
End of year $716K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $411K · Expenses $315K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $716K
Net-asset ratio
Net assets $716K · Total assets $716K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $716K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual David Berquist · Reported title Member · Highest reported compensation $0 · Total expenses $315K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $65K · Total expenses $315K
21%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 15%
Fundraising cost ratio 2%
Revenue growth 80%
Accounting fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$140K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$536K revenue · ⤓ 990 PDF
FY2023$411K revenue · viewing · ⤓ 990 PDF
FY2022$228K revenue · ⤓ 990 PDF
FY2021$220K revenue · ⤓ 990 PDF
FY2020$146K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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