Civic Intelligence

Share-Ws Inc

EIN 82-4465935 • 501(c)3 • Winstonsalem, NC

Profile

Winston-salem, nc, the principal city in forsyth county, has multiple "food deserts,- or residential areas where there are no full-service grocery stores, offering produce and other fresh foods, within a radius of one mile. These "food deserts" are located in areas of the city where the median family income is at or near the federal poverty level. According to a 2017 study commissioned by the city of winston-salem, an estimated 17% of forsyth county residents experienced food insecurity in 2014. An estimated 38% of poor forsyth county residents live in a "food desert," in a county with a population of over 360,000. Residents of "food deserts" are normally afflicted by multiple disadvantages. They typically lack reliable transportation, which diminishes their opportunity for living wage employment and access to healthy food options. Their predicament results in their perception of having no alternatives except to utilize local convenience stores and other fast food options. Therefore, t

603 Peters Creek ParkwayWinstonsalem, NC 27103

www.share-ws.coop

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.36x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

0.67x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

96th percentile

79%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

99th percentile

378%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

95th percentile

150%

Faster revenue growth than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,791,158

Up $1,416,520 (+378%) from 2021

Liabilities

Up

$652,051

Up $650,869 (+55065%) from 2021

Net Assets

Up

$1,139,107

Up $765,651 (+205%) from 2021

Revenue

Up

$978,955

Up $587,200 (+150%) from 2021

Expenses

Down

$204,829

Down $102,952 (-33%) from 2021

Net Income

Up

$774,126

Up $690,152 (+822%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2020: $91,100Liabilities 2020: $30,629Net Assets 2020: $60,4712020Assets 2021: $374,638Liabilities 2021: $1,182Net Assets 2021: $373,4562021Assets 2022: $1,791,158Liabilities 2022: $652,051Net Assets 2022: $1,139,1072022

Highlighted filing

2022

Assets$1,791,158
Liabilities$652,051
Net Assets$1,139,107

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0Revenue 2020: $156,940Expenses 2020: $80,374Net Income 2020: $76,5662020Revenue 2021: $391,755Expenses 2021: $307,781Net Income 2021: $83,9742021Revenue 2022: $978,955Expenses 2022: $204,829Net Income 2022: $774,1262022

Highlighted filing

2022

Revenue$978,955
Expenses$204,829
Net Income$774,126

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 3, 2023
Return Version
2022v5.0
Gross Receipts
$978,955
Mission and Program Overview

Mission

Winston-salem, nc, the principal city in forsyth county, has multiple "food deserts,- or residential areas where there are no full-service grocery stores, offering produce and other fresh foods, within a radius of one mile. These "food deserts" are located in areas of the city where the median family income is at or near the federal poverty level. According to a 2017 study commissioned by the city of winston-salem, an estimated 17% of forsyth county residents experienced food insecurity in 2014. An estimated 38% of poor forsyth county residents live in a "food desert," in a county with a population of over 360,000. Residents of "food deserts" are normally afflicted by multiple disadvantages. They typically lack reliable transportation, which diminishes their opportunity for living wage employment and access to healthy food options. Their predicament results in their perception of having no alternatives except to utilize local convenience stores and other fast food options. Therefore, t

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$229,012$1,774,449▲ $1,545,437
Accounts Receivable-$16,446-
Prepaid Expenses and Deferred Charges$1,283--
Cash and Non-Interest-Bearing Accounts$28,961$263▼ $28,698
Total Assets$374,638$1,791,158▲ $1,416,520
Other Assets Total$115,382--
Liabilities
Mortgage Notes Payable Secured by Investment Property-$400,000-
Accounts Payable and Accrued Expenses$1,182$233,626▲ $232,444
Other Liabilities-$18,425-
Total Liabilities$1,182$652,051▲ $650,869
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$47,856$1,139,107▲ $1,091,251
Net Assets With Donor Restrictions$325,600--
Total Net Assets Fund Balance$373,456$1,139,107▲ $765,651
Total Liabilities and Net Assets / Fund Balance$374,638$1,791,158▲ $1,416,520

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,746,721$44,013$1,790,734
Other Land Buildings$27,728$21,794$49,522
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary WilliamsExecutive Di
Ralph PeeplesSecretary
Richie WilliamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$978,940
Program Service Revenue
$0
Investment Income
$15
Other Revenue
$0
All Other Contributions
$510,913
Change in Net Assets
$774,126
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$164,628
Salaries, Compensation, and Employee Benefits$40,201
Total Fundraising Expense$5,768
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$38,837$12,946-$51,783
Depreciation Depletion$34,386$3,951-$38,337
Other Salaries and Wages$27,700$9,234-$36,934
Information Technology$33,534--$33,534
Fees for Services Other$10,793$1,871-$12,664
Fees for Services Accounting$5,788$1,929-$7,717
Office Expenses$1,573$5,212-$6,785
Advertising--$5,768$5,768
Payroll Taxes$2,450$817-$3,267
Conferences and Meetings$1,787$596-$2,383
Insurance-$2,305-$2,305
Interest$1,175--$1,175
Other Expenses-$806-$806
Total Functional Expenses$158,023$41,038$5,768$204,829
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Share Coop$18,425
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Share-ws Inc
EIN
82-4465935
Phone
3367934280
Address
603 PETERS CREEK PARKWAY, WINSTONSALEM, NC 27103

Signing Officer

Name
Gary Williams
Title
Executive Director
Phone
3367934280
Signed
2023-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Williams
Formed
2018
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
1
Volunteers
1

Preparer

Firm
Leah B Noel CPA Pc
Address
14 S PACK SQ 503, ASHEVILLE, NC 28801
Preparer
Leah B Noel CPA
Phone
8283334529
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Winston-salem, nc, the principal city in forsyth county, has multiple "food deserts,- or residential areas where there are no full-service grocery stores, offering produce and other fresh foods, within a radius of one mile. These "food deserts" are located in areas of the city where the median family income is at or near the federal poverty level. According to a 2017 study commissioned by the city of winston-salem, an estimated 17% of forsyth county residents experienced food insecurity in 2014. An estimated 38% of poor forsyth county residents live in a "food desert," in a county with a population of over 360,000. Residents of "food deserts" are normally afflicted by multiple disadvantages. They typically lack reliable transportation, which diminishes their opportunity for living wage employment and access to healthy food options. Their predicament results in their perception of having no alternatives except to utilize local convenience stores and other fast food options. Therefore, the overall value of what they typically access is restricted, diminished, and overpriced. Education which includes cooking, nutrition, and food shopping, can address these misconceptions. For many residents of "food deserts" the primary consequence is the reduced access to healthy, nutritious food, and other healthy alternatives. Food insecurity unquestionably adds to serious health problems, such as type 1 diabetes, hypertension and obesity. Share-ws, inc., plans, as a key part of its mission, the goals of providing advocacy and food education for the winston-salem/ forsyth county community about nutrition, good eating habits, and healthy food choices. Share-ws, inc., will work with food consortiums and local government agencies to establish food policy and will advocate for sustainable food production, job creation and local commerce. Share-ws, inc., is an autonomous organization; separate from the share cooperative of winston-salem. While the share cooperative of winston-salem plans to establish a grocery store which will be owned by the members of the cooperative, share-ws, inc. Has no plans to be a grocery store or to sell food. Because of the demographics inherent with food deserts, it is particularly important to advise "low- income" residents, to consider the benefits of being collaborative. By promoting the establishment of member-owned grocery stores in low-income areas, share-ws, inc., will encourage the economic development of the communities where the stores provide jobs and economic viability. Share-ws, inc., will continue to organize and promote wellness through food, and work on developing policies and remedies that eliminate systemic food insecurity.

Form 990, Page 2, Part III, Line 4A

Share is establishing "a full-service retail food market in a food desert," in winston-salem, north carolina. Our vision is to provide wholesome, fresh food, at a reasonable price, thereby eliminating food insecurity for an underserved population. The share food market (dba, the harvest market) will off-set "food insecurity," help business development, and create jobs within the community. Share has been working on this project for more than 4 years. In that time: - our member base has expanded to more than 450 members. - we have mobilized funding from multiple sources, including members and foundations. - contractors and vendors for architectural drawings and food service equipment have been acquired. - we implemented our ecommerce site to actively begin selling groceries through our point-of-sale system. - opened and operating the sale of foods through our beta-site (the harvest mini market). - hired an ecommerce coordinator and several staff members, - initiated and operating our food pharmacy project; a collaboration with the united health centers, winston-salem, nc., to give patients food vouchers to improve their health, and we have - secured the services of a local accounting firm for our bookkeeping and financial reporting needs. Construction within the main store in the west salem shopping center, has begun. We anticipate a store opening in 8-10 months. This community and economic initiative, with your help, would improve public health through healthy food, create approximately 26 jobs, and produce measurable community & economic development.

Form 990, Part XI, Line 9

Book / tax depreciation difference -8,475

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IRS990/Desc0SHARE IS ESTABLISHING "A FULL-SERVICE RETAIL FOOD MARKET IN A FOOD DESERT," IN WINSTON-SALEM, NORTH CAROLINA. OUR VISION IS TO PROVIDE WHOLESOME, FRESH FOOD, AT A REASONABLE PRICE, THEREBY ELIMINATING FOOD INSECURITY FOR AN UNDERSERVED POPULATION. THE SHARE FOOD MARKET (DBA, THE HARVEST MARKET) WILL OFF-SET "FOOD INSECURITY," HELP BUSINESS DEVELOPMENT, AND CREATE JOBS WITHIN THE COMMUNITY. SHARE HAS BEEN WORKING ON THIS PROJECT FOR MORE THAN 4 YEARS. IN THAT TIME: - OUR MEMBER BASE HAS EXPANDED TO MORE THAN 450 MEMBERS. - WE HAVE MOBILIZED FUNDING FROM MULTIPLE SOURCES, INCLUDING MEMBERS AND FOUNDATIONS. - CONTRACTORS AND VENDORS FOR ARCHITECTURAL DRAWINGS AND FOOD SERVICE EQUIPMENT HAVE BEEN ACQUIRED. - WE IMPLEMENTED OUR ECOMMERCE SITE TO ACTIVELY BEGIN SELLING GROCERIES THROUGH OUR POINT-OF-SALE SYSTEM. - OPENED AND OPERATING THE SALE OF FOODS THROUGH OUR BETA-SITE (THE HARVEST MINI MARKET). - HIRED AN ECOMMERCE COORDINATOR AND SEVERAL STAFF MEMBERS, - INITIATED AND OPERATING OUR FOOD PHARMACY PROJECT; A COLLABORATION WITH THE UNITED HEALTH CENTERS, WINSTON-SALEM, NC., TO GIVE PATIENTS FOOD VOUCHERS TO IMPROVE THEIR HEALTH, AND WE HAVE - SECURED THE SERVICES OF A LOCAL ACCOUNTING FIRM FOR OUR BOOKKEEPING AND FINANCIAL REPORTING NEEDS. CONSTRUCTION WITHIN THE MAIN STORE IN THE WEST SALEM SHOPPING CENTER, HAS BEGUN. WE ANTICIPATE A STORE OPENING IN 8-10 MONTHS. THIS COMMUNITY AND ECONOMIC INITIATIVE, WITH YOUR HELP, WOULD IMPROVE PUBLIC HEALTH THROUGH HEALTHY FOOD, CREATE APPROXIMATELY 26 JOBS, AND PRODUCE MEASURABLE COMMUNITY & ECONOMIC DEVELOPMENT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WINSTON-SALEM, NC, THE PRINCIPAL CITY IN FORSYTH COUNTY, HAS MULTIPLE "FOOD DESERTS,- OR RESIDENTIAL AREAS WHERE THERE ARE NO FULL-SERVICE GROCERY STORES, OFFERING PRODUCE AND OTHER FRESH FOODS, WITHIN A RADIUS OF ONE MILE. THESE "FOOD DESERTS" ARE LOCATED IN AREAS OF THE CITY WHERE THE MEDIAN FAMILY INCOME IS AT OR NEAR THE FEDERAL POVERTY LEVEL. ACCORDING TO A 2017 STUDY COMMISSIONED BY THE CITY OF WINSTON-SALEM, AN ESTIMATED 17% OF FORSYTH COUNTY RESIDENTS EXPERIENCED FOOD INSECURITY IN 2014. AN ESTIMATED 38% OF POOR FORSYTH COUNTY RESIDENTS LIVE IN A "FOOD DESERT," IN A COUNTY WITH A POPULATION OF OVER 360,000. RESIDENTS OF "FOOD DESERTS" ARE NORMALLY AFFLICTED BY MULTIPLE DISADVANTAGES. THEY TYPICALLY LACK RELIABLE TRANSPORTATION, WHICH DIMINISHES THEIR OPPORTUNITY FOR LIVING WAGE EMPLOYMENT AND ACCESS TO HEALTHY FOOD OPTIONS. THEIR PREDICAMENT RESULTS IN THEIR PERCEPTION OF HAVING NO ALTERNATIVES EXCEPT TO UTILIZE LOCAL CONVENIENCE STORES AND OTHER FAST FOOD OPTIONS. THEREFORE, THE OVERALL VALUE OF WHAT THEY TYPICALLY ACCESS IS RESTRICTED, DIMINISHED, AND OVERPRICED. EDUCATION WHICH INCLUDES COOKING, NUTRITION, AND FOOD SHOPPING, CAN ADDRESS THESE MISCONCEPTIONS. FOR MANY RESIDENTS OF "FOOD DESERTS" THE PRIMARY CONSEQUENCE IS THE REDUCED ACCESS TO HEALTHY, NUTRITIOUS FOOD, AND OTHER HEALTHY ALTERNATIVES. FOOD INSECURITY UNQUESTIONABLY ADDS TO SERIOUS HEALTH PROBLEMS, SUCH AS TYPE 1 DIABETES, HYPERTENSION AND OBESITY. SHARE-WS, INC., PLANS, AS A KEY PART OF ITS MISSION, THE GOALS OF PROVIDING ADVOCACY AND FOOD EDUCATION FOR THE WINSTON-SALEM/ FORSYTH COUNTY COMMUNITY ABOUT NUTRITION, GOOD EATING HABITS, AND HEALTHY FOOD CHOICES. SHARE-WS, INC., WILL WORK WITH FOOD CONSORTIUMS AND LOCAL GOVERNMENT AGENCIES TO ESTABLISH FOOD POLICY AND WILL ADVOCATE FOR SUSTAINABLE FOOD PRODUCTION, JOB CREATION AND LOCAL COMMERCE. SHARE-WS, INC., IS AN AUTONOMOUS ORGANIZATION; SEPARATE FROM THE SHARE COOPERATIVE OF WINSTON-SALEM. WHILE THE SHARE COOPERATIVE OF WINSTON-SALEM PLANS TO ESTABLISH A GROCERY STORE WHICH WILL BE OWNED BY THE MEMBERS OF THE COOPERATIVE, SHARE-WS, INC. HAS NO PLANS TO BE A GROCERY STORE OR TO SELL FOOD. BECAUSE OF THE DEMOGRAPHICS INHERENT WITH FOOD DESERTS, IT IS PARTICULARLY IMPORTANT TO ADVISE "LOW- INCOME" RESIDENTS, TO CONSIDER THE BENEFITS OF BEING COLLABORATIVE. BY PROMOTING THE ESTABLISHMENT OF MEMBER-OWNED GROCERY STORES IN LOW-INCOME AREAS, SHARE-WS, INC., WILL ENCOURAGE THE ECONOMIC DEVELOPMENT OF THE COMMUNITIES WHERE THE STORES PROVIDE JOBS AND ECONOMIC VIABILITY. SHARE-WS, INC., WILL CONTINUE TO ORGANIZE AND PROMOTE WELLNESS THROUGH FOOD, AND WORK ON DEVELOPING POLICIES AND REMEDIES THAT ELIMINATE SYSTEMIC FOOD INSECURITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SHARE IS ESTABLISHING "A FULL-SERVICE RETAIL FOOD MARKET IN A FOOD DESERT," IN WINSTON-SALEM, NORTH CAROLINA. OUR VISION IS TO PROVIDE WHOLESOME, FRESH FOOD, AT A REASONABLE PRICE, THEREBY ELIMINATING FOOD INSECURITY FOR AN UNDERSERVED POPULATION. THE SHARE FOOD MARKET (DBA, THE HARVEST MARKET) WILL OFF-SET "FOOD INSECURITY," HELP BUSINESS DEVELOPMENT, AND CREATE JOBS WITHIN THE COMMUNITY. SHARE HAS BEEN WORKING ON THIS PROJECT FOR MORE THAN 4 YEARS. IN THAT TIME: - OUR MEMBER BASE HAS EXPANDED TO MORE THAN 450 MEMBERS. - WE HAVE MOBILIZED FUNDING FROM MULTIPLE SOURCES, INCLUDING MEMBERS AND FOUNDATIONS. - CONTRACTORS AND VENDORS FOR ARCHITECTURAL DRAWINGS AND FOOD SERVICE EQUIPMENT HAVE BEEN ACQUIRED. - WE IMPLEMENTED OUR ECOMMERCE SITE TO ACTIVELY BEGIN SELLING GROCERIES THROUGH OUR POINT-OF-SALE SYSTEM. - OPENED AND OPERATING THE SALE OF FOODS THROUGH OUR BETA-SITE (THE HARVEST MINI MARKET). - HIRED AN ECOMMERCE COORDINATOR AND SEVERAL STAFF MEMBERS, - INITIATED AND OPERATING OUR FOOD PHARMACY PROJECT; A COLLABORATION WITH THE UNITED HEALTH CENTERS, WINSTON-SALEM, NC., TO GIVE PATIENTS FOOD VOUCHERS TO IMPROVE THEIR HEALTH, AND WE HAVE - SECURED THE SERVICES OF A LOCAL ACCOUNTING FIRM FOR OUR BOOKKEEPING AND FINANCIAL REPORTING NEEDS. CONSTRUCTION WITHIN THE MAIN STORE IN THE WEST SALEM SHOPPING CENTER, HAS BEGUN. WE ANTICIPATE A STORE OPENING IN 8-10 MONTHS. THIS COMMUNITY AND ECONOMIC INITIATIVE, WITH YOUR HELP, WOULD IMPROVE PUBLIC HEALTH THROUGH HEALTHY FOOD, CREATE APPROXIMATELY 26 JOBS, AND PRODUCE MEASURABLE COMMUNITY & ECONOMIC DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE -8,475
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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ReturnHeader/ReturnTs02023-11-13T10:57:04-05:00
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ReturnHeader/TaxPeriodEndDt02022-12-31
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