Civic Intelligence

Sharing Well Inc.

990EZ • Fiscal year 2023 • EIN 87-2796123

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 23, 2024

414 Acres CtStockbridge, GA 30281

(404) 786-5675

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

81st percentile

35%

Faster asset growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

47th percentile

1.9%

Faster revenue growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$27,696

Up $7,187 (+35%) from 2022

Net Assets

Up

$27,696

Up $7,187 (+35%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$37,782

Up $691 (+1.9%) from 2022

Expenses

Up

$30,595

Up $14,013 (+85%) from 2022

Net Income

Down

$7,187

Down $13,322 (-65%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80K$60K$40K$20K$0Assets 2022: $20,509Liabilities 2022: $0Net Assets 2022: $20,5092022Assets 2023: $27,696Liabilities 2023: $0Net Assets 2023: $27,6962023Assets 2024: $68,161Liabilities 2024: $0Net Assets 2024: $68,1612024

Highlighted filing

2023

Assets$27,696
Liabilities$0
Net Assets$27,696

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80K$60K$40K$20K$0Revenue 2022: $37,091Expenses 2022: $16,582Net Income 2022: $20,5092022Revenue 2023: $37,782Expenses 2023: $30,595Net Income 2023: $7,1872023Revenue 2024: $79,147Expenses 2024: $37,378Net Income 2024: $41,7692024

Highlighted filing

2023

Revenue$37,782
Expenses$30,595
Net Income$7,187
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 23, 2024
Return Version
2023v5.0
Gross Receipts
$37,782
Mission and Program Overview

Mission

The specific purpose for which the corporation is initially organized is to be a community development center serving our local community by engaging in a broad range of strategies that promote community health and development and to also engage in activities which are necessary, suitable or convenient for the accomplishment of that purpose, or which are incidental thereto or connected therewith which are consistent with Section 501(c)(3) of the Internal Revenue Code.

Program Services

DescriptionGrantsExpenses
Sharing Well accomplished our purpose through various initiatives aimed at advancing the mission of Sharing Well. This included funding for programs such as Share the Season, Hope in Honduras, and international service trips. Additionally, a portion of the funds supported essential operational needs, including website development, office supplies, and meeting expenses. These expenditures contribute directly to the organization's ability to provide resources, create transformative experiences, and facilitate international outreach efforts, ultimately furthering our mission of empowering underserved communities and fostering positive change.$0$24,940
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicole HedgecothPresidentPT$0--
Steven HedgecothVice PresidentPT$0--
Keitisha MoremanSecretaryPT$0--
Gregg CombsTresurerPT$0--
Filing and Contact Details

Filer

Filer Name
Sharing Well Inc
EIN
87-2796123
Phone
4047865675
Address
414 Acres Ct, Stockbridge, GA 30281

Signing Officer

Name
Steven Hedgecoth
Title
VP
Phone
4047865675
Signed
2024-03-23
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

These expenses demonstrate Sharing Well's commitment to addressing various community needs, including providing support during the holiday season and assisting teachers facing challenges. By allocating resources to these diverse initiatives, Sharing Well exemplifies its mission of empowering the underserved and fostering positive change. BridgeWay Camps Partnership Contribution: Sharing Well provided $2093.80 to BridgeWay Camps, facilitating the attendance of children from underserved communities at summer camp. Momentum Church Contribution: Sharing Well contributed $250 to support a homeless teacher through Momentum Church's program. Excel Global Support Contribution: Sharing Well allocated $500 to support a medical and dental brigade organized by Excel Global. Be the Church Assistance Contribution: Sharing Well disbursed $824 to Be the Church, enabling a student to participate in overseas missions. Share the Season Program Expense: Sharing Well incurred $9980 in expenses related to its "Share the Season" program, providing gifts, meals, or other support during the holiday season to underserved individuals or families. Supporting Teachers in Need Expense: Sharing Well dedicated $647 to support teachers in need, which included financial assistance, supplies, or other forms of support. Bridge City Church Partnership Contribution: Sharing Well contributed $1241 to Bridge City Church, supporting collaborative initiatives aimed at empowering underserved individuals.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0These expenses demonstrate Sharing Well's commitment to addressing various community needs, including providing support during the holiday season and assisting teachers facing challenges. By allocating resources to these diverse initiatives, Sharing Well exemplifies its mission of empowering the underserved and fostering positive change. BridgeWay Camps Partnership Contribution: Sharing Well provided $2093.80 to BridgeWay Camps, facilitating the attendance of children from underserved communities at summer camp. Momentum Church Contribution: Sharing Well contributed $250 to support a homeless teacher through Momentum Church's program. Excel Global Support Contribution: Sharing Well allocated $500 to support a medical and dental brigade organized by Excel Global. Be the Church Assistance Contribution: Sharing Well disbursed $824 to Be the Church, enabling a student to participate in overseas missions. Share the Season Program Expense: Sharing Well incurred $9980 in expenses related to its "Share the Season" program, providing gifts, meals, or other support during the holiday season to underserved individuals or families. Supporting Teachers in Need Expense: Sharing Well dedicated $647 to support teachers in need, which included financial assistance, supplies, or other forms of support. Bridge City Church Partnership Contribution: Sharing Well contributed $1241 to Bridge City Church, supporting collaborative initiatives aimed at empowering underserved individuals.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
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