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Staples Share Fund INC FY2024 filing

Tax-deductible

Framingham, MA501(c)(3)Foundations & Grantmakers EIN 46-3476388Revenue $287K in FY2024Latest return filed Aug 6, 2025

On file with the IRSstaplessharefund.orgFramingham, 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.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
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
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
91% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
27.2 mo
of spending, in cash
27.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$16K
3% of total assets
Liabilities are 3% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$287K
-7% vs prior year
Spent
$252K
To programs
91%
Net assets
$559K
By yearFY2021–FY2025
Revenue
$287K
FY2024▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2021$457K
FY2022$305K
FY2023$310K
FY2024$287K
FY2025$243K
Expenses
$252K
FY2024▼ -30%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.4M
FY2022$187K
FY2023$363K
FY2024$252K
FY2025$207K
Net assets
$559K
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$459K
FY2022$577K
FY2023$525K
FY2024$559K
FY2025$596K

From the FY2024 Form 990 (year ending January 2024) · see the original

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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

91 cents of each dollar spent went to programs.

Program services 91% · $230K Management & general 7% · $18K Fundraising 2% · $5K

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 (FY2023); the FY2024 filing did not itemize Part VII
Dennis Gaspie
Co-President
$0Pt VII · Sec A
Larry Newell
Co-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Brian Assad
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Staples Share Fund INC executive salaries →

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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1 program · $230K · in their own filed words · FY2023
01

Staples share fund made grants to provide assistance with funeral expenses, ILLNESSES/ACCIDENTS, natural disasters, and other severe personal incidents.

$230Kprogram 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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$287K
Ln 12
Gifts and grantsLn 1h$248K
Investment incomeLn 3$25K
Other incomeLn 4–11$14K
Money outPt IX
$252K
Ln 25
Programscol B$230K
Managementcol C$18K
Fundraisingcol D$5K
Owns and owesPt X
$559K
net assets · Ln 32
Cash and savingsLn 1–2$572K
Total assetsLn 16$575K
LiabilitiesLn 26$16K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$248K
Fundraising eventsLn 1c$29K
Investment incomeLn 3$25K
Other incomeLn 4–11$14K
Total revenueLn 12$287K
Assets in detailPt X, end of year
CashLn 1$89K
SavingsLn 2$482K
Cash and savings togetherLn 1–2$572K
Accounts receivableLn 4$4K
Total assetsLn 16$575K
LiabilitiesLn 26$16K
Net assetsLn 32$559K
OperationsPt I, VI
EmployeesI 50
VolunteersI 626
Fiscal year endsHeaderJanuary
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$536K$572K
Total assetsLn 16$540K$575K
LiabilitiesLn 26$15K$16K
Net assetsLn 32$525K$559K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$230K$230K
Accounting feesLn 11c$16K$16K
Information technologyLn 14$5K$5K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$252K$230K$18K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 6, 2025 $243K$207K$36K$596K 990 PDF
FY2024 ViewingFiled with the IRS Dec 13, 2024 $287K$252K$35K$559K 990 PDF
FY2023Filed with the IRS Dec 12, 2023 $310K$363K−$52K$525K 990 PDF
FY2022Filed with the IRS Dec 13, 2022 $305K$187K$118K$577K 990 PDF
FY2021Filed with the IRS Dec 10, 2021 $457K$1.4M−$982K$459K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $286,958 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $245,925$247,871
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7,074$25,172
I-11 Other revenuePrior year $57,170$13,915
I-12 Total revenuePrior year $310,169$286,958
I-13 Grants and similar amounts paidPrior year $342,281$229,823
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 $20,297$22,403
I-18 Total expensesPrior year $362,578$252,226
I-19 Revenue less expensesPrior year −$52,409$34,732
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $286,958 across 6 lines filed
Lines not itemized here account for $109 of total revenue; see the IRS return.
VIII-1c Fundraising events$29,376
VIII-1f All other contributions, gifts and grants$218,495
VIII-1h Total contributions, gifts and grants$247,871
VIII-3 Investment incomeExcluded from tax $25,172$25,172
VIII-8 Net income from fundraising eventsExcluded from tax $13,806$13,806
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $39,087$286,958
Part IX · Statement of functional expenses $252,226 across 4 lines filed
IX-2 Grants to domestic individualsPrograms $229,823$229,823
IX-11c Accounting feesManagement $16,000$16,000
IX-14 Information technologyFundraising $4,793$4,793
IX-24 Other expenses (24a–d)Management $1,610$1,610
IX-25 Total functional expensesPrograms $229,823 · Management $17,610 · Fundraising $4,793$252,226
Part X · Balance sheet $575,406 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $78,755$89,319
X-2 Savings and temporary cash investmentsStart of year $457,074$482,247
X-4 Accounts receivableStart of year $4,070$3,840
X-16 Total assetsStart of year $539,899$575,406
X-17 Accounts payable and accrued expensesStart of year $15,225$16,000
X-26 Total liabilitiesStart of year $15,225$16,000
X-27 Net assets without donor restrictionsStart of year $524,674$559,406
X-32 Total net assets or fund balancesStart of year $524,674$559,406
X-33 Total liabilities and net assetsStart of year $539,899$575,406
Part XI · Reconciliation of net assets $559,406 net assets at year end
XI-1 Total revenue$286,958
XI-2 Total expenses$252,226
XI-3 Revenue less expenses$34,732
XI-4 Net assets at start of year$524,674
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$559,406

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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