Sharedimpact Foundation INC EIN 46-3129459

Sharedimpact Foundation INC

EIN  46-3129459 Public foundation / grantmaker Hebron, CT
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Sharedimpact Foundation INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Connects donors with social investment expertise to fund global initiatives.
Leadership
Paul Cheng · Secretary/Tr
Money in and out
$123K revenue, $330K expenses
Bottom line
88% program efficiency

Connects donors with social investment expertise to fund global initiatives. For fiscal year 2024 it reported $123K in revenue, $330K in expenses, and $3.3M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$123K
Pt VIII · Ln 12
Total expenses
$330K
Pt IX · Ln 25
Net assets
$3.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$207K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12 Fundraising $0.00
Program efficiency
88%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
127.1mo
months of highly liquid reserves at operating expense rate▼ -35% vs prior filing year
Surplus margin
-168%
revenue over expenses, this year▼ -20303% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$123K
FY2024▼ -43%
Expenses
$330K
FY2024▲ +51%
Total assets
$3.5M
FY2024▼ -2%
Total liabilities
$150K
FY20240%
Total revenue
$123K
Pt VIII · Ln 12
Total expenses
$330K
Pt IX · Ln 25
Net assets
$3.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$207K
Total assetsPt X · Ln 16$3.5M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $290K of program spending, described in the organization's own filed words · FY2024.
01

Donating funds contributed to sharedimpact to other organizations worldwide.

$290Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSharedimpact Foundation INC
EINHdr · item D46-3129459
Principal addressHdr · item CHebron, CT
WebsiteHdr · item Jwww.sharedimpact.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T12)
Ruling yearIRS BMFAug 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Sharedimpact Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Investment income$139K · 112%
Contributions & grants$1K · 1%
Investment income112%$139K
Contributions & grants1%$1K
Total revenueLn 12$123K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12 Fundraising $0.00
Program services88%$290K
Management & general12%$39K
Fundraising$981
Total functional expensesLn 25$330K

Balance Sheet

Part X · end of year
CashLn 1$84K
Total assetsLn 16$3.5M
Total liabilitiesLn 26$150K
Total net assetsLn 32$3.3M
Months of cash on handcomputed3.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.5M · Operating expenses/yr $330K
127.1 months
Where the money goes
Program services
Program services $290K · Total expenses $330K
88%
Management & General
Management & general $39K · Total expenses $330K
12%
Fundraising
Fundraising $981 · Total expenses $330K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $882 · Solicited contributions (3-yr avg) $43K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1K · Total revenue $123K
1%
Government reliance
Government grants — · Total revenue $123K
Earned-income share
Program service revenue $0 · Total revenue $123K
0%
Investment reliance
Investment income $139K · Total revenue $123K
+112%
Program self-sufficiency
Program service revenue $0 · Total expenses $330K
0%
Growth & trend
Revenue growth (YoY)
This year $123K · Prior year $217K
-43%
Revenue CAGR
FY2020 $63K · FY2024 $123K
+18%
Net-asset trend (YoY)
End of year $3.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $123K · Expenses $330K
-168%
Liabilities-to-Assets
Total liabilities — · Total assets $3.5M
Net-asset ratio
Net assets $3.3M · Total assets $3.5M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.5M
98%
People & payroll
Highest Reported Total Compensation
Individual Paul Cheng · Reported title SECRETARY/TR · Highest reported compensation $0 · Total expenses $330K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $330K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 98%
Revenue growth -43%
Investment management fee ratio 1%
Legal fee ratio 3%

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 · this organization's grantmaking
Grants paid · 3 grants · $40K · 2023–2024
Obama FoundationFY2024$10,000
Independent International LegalFY2024$10,000
Independent International LegalFY2023$20,000

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$123K revenue · viewing · ⤓ 990 PDF
FY2023$217K revenue · ⤓ 990 PDF
FY2022$166K revenue · ⤓ 990 PDF
FY2021$1.4M revenue · ⤓ 990 PDF
FY2020$63K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.