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Staples Share Fund INC FY2021 filing

Tax-deductible

Framingham, MA501(c)(3)Foundations & Grantmakers EIN 46-3476388Revenue $457K in FY2021

On file with the IRSstaplessharefund.org500 Staples Dr, 01702-4478 · Framingham, MATax-exempt since Jul 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Staples Share Fund, INC. Offers relief for associates in severe need of financial assistance due to significant qualifying events.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
3 of 5
filings with a surplus
Average deficit $169K a year · 53% 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
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$457K
Spent
$1.4M
To programs
98%
Net assets
$459K
By yearFY2021–FY2025
Revenue
$457K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$457K
FY2022$305K
FY2023$310K
FY2024$287K
FY2025$243K
Expenses
$1.4M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.4M
FY2022$187K
FY2023$363K
FY2024$252K
FY2025$207K
Net assets
$459K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$459K
FY2022$577K
FY2023$525K
FY2024$559K
FY2025$596K

From the FY2021 Form 990 (year ending January 2021) · see the original

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You’re viewing the FY2021 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 Jul 2014.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.4M Management & general 2% · $24K

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

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Lisa Pueschel
President (thru 10/20)
$0Pt VII · Sec A
Ashley Swenson
President (beg 10/20)
$0Pt VII · Sec A
Lisa Prior Stokes
Treasurer (beg 10/20)
$0Pt VII · Sec A
Laura Molfetas
Treasurer (thru 10/20)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Joseph Gorman
Director (thru 10/20)
$0Pt VII · Sec A
Marcel Quill Graven
Director (thru 10/20)
$0Pt VII · Sec A
See Staples Share Fund 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

Provides financial aid to employees facing severe hardship from qualifying events.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2020
01

Staples share fund made grants to provide assistance with funeral expenses, ILLNESSES/ACCIDENTS, natural disasters, and other severe personal incidents. Additionally, staples share fund made a grant to a related organization, staples cause for caring, inc., which was formed to provide assistance to other employees of staples, inc.

$1.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 40 grants · $1.3M · 2020–2024
Unitemized GrantFY2024$81,934
Unitemized GrantFY2024$53,194
Unitemized GrantFY2024$42,764
Unitemized GrantFY2024$11,799
Unitemized GrantFY2024$3,465
Unitemized GrantFY2024$2,850
Unitemized GrantFY2024$2,802
Unitemized GrantFY2023$113,032
Unitemized GrantFY2023$64,032
Unitemized GrantFY2023$25,579
Unitemized GrantFY2023$12,630
Unitemized GrantFY2023$10,833
Unitemized GrantFY2023$1,680
Unitemized GrantFY2023$1,350
Unitemized GrantFY2023$687
Unitemized GrantFY2022$146,998
Unitemized GrantFY2022$81,990
Unitemized GrantFY2022$35,733
See all 40 grants →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$457K
Ln 12
Gifts and grantsLn 1h$439K
Other incomeLn 4–11$15K
Investment incomeLn 3$2K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.4M
Managementcol C$24K
Owns and owesPt X
$459K
net assets · Ln 32
Cash and savingsLn 1–2$473K
Total assetsLn 16$477K
LiabilitiesLn 26$18K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$439K
Noncash giftsLn 1g$9K
Investment incomeLn 3$2K
Other incomeLn 4–11$15K
Total revenueLn 12$457K
Assets in detailPt X, end of year
CashLn 1$473K
SavingsLn 2$0
Cash and savings togetherLn 1–2$473K
Total assetsLn 16$477K
LiabilitiesLn 26$18K
Net assetsLn 32$459K
OperationsPt I, VI
EmployeesI 50
VolunteersI 626
Fiscal year endsHeaderJanuary
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 FY21End FY21
Cash and savingsLn 1–2$1.4M$473K
Total assetsLn 16$1.5M$477K
LiabilitiesLn 26$17K$18K
Net assetsLn 32$1.4M$459K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Grants to domestic individualsLn 2$325K$325K
Accounting feesLn 11c$23K$23K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$1.4M$1.4M$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $243K$207K$36K$596K 990 PDF
FY2024 $287K$252K$35K$559K 990 PDF
FY2023 $310K$363K−$52K$525K 990 PDF
FY2022 $305K$187K$118K$577K 990 PDF
FY2021 Viewing $457K$1.4M−$982K$459K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $456,562 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $687,191$438,873
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $20,831$2,320
I-11 Other revenuePrior year $14,746$15,369
I-12 Total revenuePrior year $722,768$456,562
I-13 Grants and similar amounts paidPrior year $677,884$1,414,774
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,781$24,215
I-18 Total expensesPrior year $695,665$1,438,989
I-19 Revenue less expensesPrior year $27,103−$982,427
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $456,562 across 6 lines filed
Lines not itemized here account for $13,848 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$438,873
VIII-1g Noncash contributions (included above)$9,105
VIII-1h Total contributions, gifts and grants$438,873
VIII-3 Investment incomeExcluded from tax $2,320$2,320
VIII-8 Net income from fundraising eventsExcluded from tax $1,521$1,521
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $17,689$456,562
Part IX · Statement of functional expenses $1,438,989 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $1,089,858$1,089,858
IX-2 Grants to domestic individualsPrograms $324,916$324,916
IX-11c Accounting feesManagement $23,194$23,194
IX-24 Other expenses (24a–d)Management $1,021$1,021
IX-25 Total functional expensesPrograms $1,414,774 · Management $24,215 · Fundraising $0$1,438,989
Part X · Balance sheet $476,999 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $399,356$472,776
X-2 Savings and temporary cash investmentsStart of year $1,047,696$0
X-4 Accounts receivableStart of year $11,374$4,223
X-16 Total assetsStart of year $1,458,426$476,999
X-17 Accounts payable and accrued expensesStart of year $17,000$18,000
X-26 Total liabilitiesStart of year $17,000$18,000
X-27 Net assets without donor restrictionsStart of year $1,441,426$458,999
X-32 Total net assets or fund balancesStart of year $1,441,426$458,999
X-33 Total liabilities and net assetsStart of year $1,458,426$476,999
Part XI · Reconciliation of net assets $458,999 net assets at year end
XI-1 Total revenue$456,562
XI-2 Total expenses$1,438,989
XI-3 Revenue less expenses−$982,427
XI-4 Net assets at start of year$1,441,426
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$458,999

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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