SHARED INTEREST INC

As filed

Subsection

03

NTEE code

Q320

Classification

1000

Street

1412 BROADWAY 21ST FLOOR SUITE MA12

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• THE ORGANIZATION HAD OUTSTANDING AGREEMENTS GUARANTEEING COMMERCIAL LOANS TO SMALL AND GROWING BUSINESSES, AGRICULTURAL ENTERPRISES AND MICRO-FINANCE INSTITUTIONS IN THE SOUTHERN AFRICA REGION. THE AGGREGATE EXPOSURE INVOLVED IN THE GUARANTEES TOTALED $3,485,000. BECAUSE THE CREDIT FACILITIES ARRANGED BY SHARED INTEREST WERE LIMITED TO NO MORETHAN 75% OF THE LOANS THEY BACKED, THE GUARANTEES ULTIMATELY UNLOCKED TOTAL LENDING OF SUMS IN EXCESS OF THE STATED AMOUNT BY VIRTUE OF THE RISK-SHARING AGREED IN THE CONTRACTS BETWEEN LOCAL INSTITUTIONS AND THE ORGANIZATIONS. ADDITIONALLY, THE GUARANTEE PROGRAM, IMPLEMENTED BY MEANS OF THE PROVEN TRANS-BORDER MECHANISM OF STANDBY BANK LETTERS OF CREDIT, CONTINUED TO GIVE THE CONFIDENCE TO SOUTHERN AFRICAN NON-BANK FINANCIALS INSTITUTIONS AND OTHER ALTERNATIVE LENDERS TO PUT CAPITAL AT RISK IN THE SPHERE OF SMALL BUSINESS FINANCE AND LENDING TO ECONOMICALLY-DISENFRANCHISED INDIVIDUALS. COLLATERALIZING THE LETTERS OF CREDIT, WERE THE US-CUSTODIED INVESTMENTS OF THE ORGANIZATION, FUNDED BY LOANS AND DONATIONS BY AMERICAN INDIVIDUALS, FAMILY FOUNDATIONS, FAITH-BASED INSTITUTIONS. HEALTHCARE SYSTEMS AND OTHER INVESTORS ACCEPTING CONCESSIONARY FINANCIAL RETURNS IN EXCHANGE FOR THE SOCIAL IMPACT THAT THE ORGANIZATION HELPS TO CREATE.

  Expenses $1,033,443 · Revenue $221,889

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $1,041,762

  Expenses

  $1,320,843

  Contributions

  $788,687

  Grants paid

  $0

• 2023

  Revenue

  $1,153,728

  Expenses

  $1,278,233

  Contributions

  $683,911

  Grants paid

  $0

• 2022

  Revenue

  $1,239,659

  Expenses

  $1,629,760

  Contributions

  $737,265

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $1,510,190

  Expenses

  $1,327,621

  Assets (EOY)

  $15,315,615

• 2020 · 990

  Revenue

  $1,514,840

  Expenses

  $1,400,613

  Assets (EOY)

  $15,352,690

• 2019 · 990

  Revenue

  $1,585,044

  Expenses

  $1,871,536

  Assets (EOY)

  $17,286,554

• 2018 · 990

  Revenue

  $1,739,792

  Expenses

  $1,296,584

  Assets (EOY)

  $16,934,536

• 2017 · 990

  Revenue

  $2,166,484

  Expenses

  $1,771,984

  Assets (EOY)

  $18,318,805

• 2016 · 990

  Revenue

  $1,643,643

  Expenses

  $2,086,363

  Assets (EOY)

  $20,448,555

• 2015 · 990

  Revenue

  $1,527,894

  Expenses

  $1,490,801

  Assets (EOY)

  $19,324,881

• 2014 · 990

  Revenue

  $1,509,685

  Expenses

  $1,325,705

  Assets (EOY)

  $18,167,786

• 2013 · 990

  Revenue

  $1,385,501

  Expenses

  $1,243,670

  Assets (EOY)

  $17,742,933

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $1,339,185

  Assets (EOY)

  $17,330,985

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• VANGUARD CHARITABLE ENDOWMENT PROGRAM

  $183,000

  2022 · FOR RECIPIENT'S EXEMPT PURPOSE

• VANGUARD CHARITABLE ENDOWMENT PROGRAM

  $128,000

  2023 · FOR RECIPIENT'S EXEMPT PURPOSE

• TOGETHER WOMEN RISE

  $110,000

  2025 · SOCIAL JUSTICE

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $59,160

  2023 · For grant recipient's exempt purposes

• FORGOOD INC

  $51,795

  2022 · UNRESTRICTED

• TOGETHER WOMEN RISE

  $39,500

  2022 · PARTNERSHIP

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $24,000

  2024 · For grant recipient's exempt purposes

• DONOR ADVISED CHARITABLE GIVING

  $23,281

  2024 · INTERNATIONAL, FOREIGN AFFAIRS

• DONOR ADVISED CHARITABLE GIVING

  $20,500

  2022 · INTERNATIONAL, FOREIGN AFFAIRS

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $18,650

  2022 · For grant recipient's exempt purposes

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files