Civic Intelligence

Share Net Ministries

990 • Fiscal year 2023 • EIN 88-2741840

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

167 Lamp And Lantern Village 211Chesterfield, MO 63017

(314) 485-1928

Siviq Scores

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

Liabilities / Assets

96th percentile

1.23x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

0.50x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

86th percentile

$95,355

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 16.4% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

$235,144

No earlier filing loaded for comparison.

Net Assets

-$54,846

No earlier filing loaded for comparison.

Liabilities

$289,990

No earlier filing loaded for comparison.

Revenue

$582,861

No earlier filing loaded for comparison.

Expenses

$516,327

No earlier filing loaded for comparison.

Net Income

$66,534

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2023: $235,144Liabilities 2023: $289,990Net Assets 2023: -$54,8462023Assets 2024: $448,381Liabilities 2024: $343,764Net Assets 2024: $104,6172024

Highlighted filing

2023

Assets$235,144
Liabilities$289,990
Net Assets-$54,846

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2023: $582,861Expenses 2023: $516,327Net Income 2023: $66,5342023Revenue 2024: $1,198,838Expenses 2024: $1,045,383Net Income 2024: $153,4552024

Highlighted filing

2023

Revenue$582,861
Expenses$516,327
Net Income$66,534
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$582,861
Mission and Program Overview

Mission

To expand access to high cost medications for people suffering from complex medical conditions.

Facilitate member to member sharing of healthcare expenses to enable financial support to promote the health of each member and the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$206,086$280,887▲ $74,801
Cash and Non-Interest-Bearing Accounts$84,706$220,144▲ $135,438
Total Assets$84,706$235,144▲ $150,438
Other Assets Total$0$15,000▲ $15,000
Liabilities
Accounts Payable and Accrued Expenses-$9,103-
Total Liabilities$206,086$289,990▲ $83,904
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-121,380$-54,846▲ $66,534
Total Net Assets Fund Balance$-121,380$-54,846▲ $66,534
Total Liabilities and Net Assets / Fund Balance$84,706$235,144▲ $150,438

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$15,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Roderick WashingtonPresident and Vice ChairmanFT$94,231$1,124$95,355
Stacy WashingtonCEO and ChairmanPT$8,654$1,124$9,778

Board Members and Trustees

NameTitle
Maya WashingtonDirector
Terrie DeslogeDirector
Kate StrattonSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
SharableOutsourced Platform & Tech Services:PO BOX 510363, Melbourne Beach, FL 32951$115,519
Revenue and Support

Revenue Composition

Contributions and Grants
$548,500
Program Service Revenue
$34,361
Investment Income
$0
Other Revenue
$0
All Other Contributions
$548,500
Change in Net Assets
$66,534
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$358,928
Salaries, Compensation, and Employee Benefits$156,843
Total Fundraising Expense$2,906
Grants and Similar Amounts Paid$556
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$221,170$3,816$201$225,187
Current Officers, Directors, Trustees, and Key Employees$84,106$19,975$1,051$105,132
Advertising$54,460$12,934$681$68,075
Payroll Taxes$29,162$6,926$365$36,453
Office Expenses$25,999$6,175$325$32,499
All Other Expenses$10,400$2,470$128$12,998
Interest-$10,671-$10,671
Fees for Services Legal-$9,315-$9,315
Other Employee Benefits$6,235$1,481$78$7,794
Other Salaries and Wages$5,971$1,418$75$7,464
Grants to Domestic Orgs$556--$556
Travel$146$35$2$183
Total Functional Expenses$438,205$75,216$2,906$516,327
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$206,086$280,887▲ $74,801
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section A, Line 2

Stacy washington, ceo/chairman, roderick washington, president/vice chairman, and maya washington, director all have a family relationship.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by our outside cpa firm, reviewed and approved by management, and a complete copy of the form 990 and supporting schedule is provided to the complete board for review prior to the filing.

Form 990, Part VI, Section B, Line 12C

All board members are requested to disclose any potential or current conflicts of interest. If a conflict arises, the person with the conflict is not allowed to vote on the transaction.

Form 990, Part VI, Section B, Line 15

The compensation of the organization's ceo and other officers are discussed and approved by the organization's officers and directors in setting reasonable compensation. This process was last done june 2023. The organization does not have any key employees.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

FORM 990, PART VI, SECTION B, LINE 13 AND 14:

The organization is currently in the process of adopting a written whistleblower policy and written document retention and destruction policy.

Filing and Contact Details

Filer

Filer Name
Share Net Ministries
EIN
88-2741840
Phone
3144851928
Address
167 LAMP AND LANTERN VILLAGE 211, CHESTERFIELD, MO 63017

Signing Officer

Name
Roderick Washington
Title
President and Vice Chairman
Phone
3144851928
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roderick Washington
Formed
2022
Legal Domicile
Mo
Voting Board Members
5
Independent Board Members
3
Employees
3
Volunteers
3

Preparer

Firm
Moss Adams Llp
Address
21700 OXNARD ST STE 300, WOODLAND HILLS, CA 91367
Preparer
Lauren a Haverloock
Phone
8185771900
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

We started as a health care sharing community that facilitates direct, voluntary member-to-member cost-sharing for health care expenses and have added a new program called lifeline specifically to help people needing access to high-cost specialty medications, independent of our healthcare sharing organization members.

Form 990, Part IX, Line 11G

Professional fees: program service expenses 16,065. Management and general expenses 3,816. Fundraising expenses 201. Total expenses 20,082. Outsourced medical platform services: program service expenses 89,586. Management and general expenses 0. Fundraising expenses 0. Total expenses 89,586. Outsourced platform & tech services: program service expenses 115,519. Management and general expenses 0. Fundraising expenses 0. Total expenses 115,519.

Raw XML Appendix366 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT AND VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0RODERICK AND STACY WASHINGTON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CURRENT DIRECTORS/OFFICERS
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE STARTED AS A HEALTH CARE SHARING COMMUNITY THAT FACILITATES DIRECT, VOLUNTARY MEMBER-TO-MEMBER COST-SHARING FOR HEALTH CARE EXPENSES AND HAVE ADDED A NEW PROGRAM CALLED LIFELINE SPECIFICALLY TO HELP PEOPLE NEEDING ACCESS TO HIGH-COST SPECIALTY MEDICATIONS, INDEPENDENT OF OUR HEALTHCARE SHARING ORGANIZATION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STACY WASHINGTON, CEO/CHAIRMAN, RODERICK WASHINGTON, PRESIDENT/VICE CHAIRMAN, AND MAYA WASHINGTON, DIRECTOR ALL HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY OUR OUTSIDE CPA FIRM, REVIEWED AND APPROVED BY MANAGEMENT, AND A COMPLETE COPY OF THE FORM 990 AND SUPPORTING SCHEDULE IS PROVIDED TO THE COMPLETE BOARD FOR REVIEW PRIOR TO THE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BOARD MEMBERS ARE REQUESTED TO DISCLOSE ANY POTENTIAL OR CURRENT CONFLICTS OF INTEREST. IF A CONFLICT ARISES, THE PERSON WITH THE CONFLICT IS NOT ALLOWED TO VOTE ON THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION OF THE ORGANIZATION'S CEO AND OTHER OFFICERS ARE DISCUSSED AND APPROVED BY THE ORGANIZATION'S OFFICERS AND DIRECTORS IN SETTING REASONABLE COMPENSATION. THIS PROCESS WAS LAST DONE JUNE 2023. THE ORGANIZATION DOES NOT HAVE ANY KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF ADOPTING A WRITTEN WHISTLEBLOWER POLICY AND WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 16,065. MANAGEMENT AND GENERAL EXPENSES 3,816. FUNDRAISING EXPENSES 201. TOTAL EXPENSES 20,082. OUTSOURCED MEDICAL PLATFORM SERVICES: PROGRAM SERVICE EXPENSES 89,586. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 89,586. OUTSOURCED PLATFORM & TECH SERVICES: PROGRAM SERVICE EXPENSES 115,519. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 115,519.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 13 AND 14:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt084706
IRS990/TotalAssetsEOYAmt0235144
IRS990/TotalAssetsGrp/BOYAmt084706
IRS990/TotalAssetsGrp/EOYAmt0235144
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0548500
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02906
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt075216
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0438205
IRS990/TotalFunctionalExpensesGrp/TotalAmt0516327
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0206086
IRS990/TotalLiabilitiesEOYAmt0289990
IRS990/TotalLiabilitiesGrp/BOYAmt0206086
IRS990/TotalLiabilitiesGrp/EOYAmt0289990
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-121380
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-54846
IRS990/TotalOtherCompensationAmt02248
IRS990/TotalProgramServiceExpensesAmt0438205
IRS990/TotalProgramServiceRevenueAmt034361
IRS990/TotalReportableCompFromOrgAmt0102885
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt034361
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0582861
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt084706
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0235144
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt02
IRS990/TravelGrp/ManagementAndGeneralAmt035
IRS990/TravelGrp/ProgramServicesAmt0146
IRS990/TravelGrp/TotalAmt0183
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0167 LAMP AND LANTERN VILLAGE 211
IRS990/USAddress/CityNm0CHESTERFIELD
IRS990/USAddress/StateAbbreviationCd0MO
IRS990/USAddress/ZIPCd063017
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.SHARENETNOW.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RODERICK WASHINGTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND VICE CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03144851928
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHARE NET MINISTRIES
ReturnHeader/Filer/BusinessNameControlTxt0SHAR
ReturnHeader/Filer/EIN0882741840
ReturnHeader/Filer/PhoneNum03144851928
ReturnHeader/Filer/USAddress/AddressLine1Txt0167 LAMP AND LANTERN VILLAGE 211
ReturnHeader/Filer/USAddress/CityNm0CHESTERFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd063017
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0910189318
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MOSS ADAMS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021700 OXNARD ST STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WOODLAND HILLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091367
ReturnHeader/PreparerPersonGrp/PhoneNum08185771900
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAUREN A HAVERLOOCK
ReturnHeader/ReturnTs02024-11-15T15:15:10-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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