Program areas at Shared Interest
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 $3,859,163. 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.
Who funds Shared Interest
Grants from foundations and other nonprofits
Personnel at Shared Interest
Name | Title | Compensation | Date of data |
---|
Ann McMikel | Executive Director and Officer | $185,000 | 2022-12-31 |
Amye Jameson | Senior Director of Operations | | 2023-11-15 |
Casey Cline | Managing Director / Director of Operations / Director of Impact Investing and Operations | $110,160 | 2022-08-05 |
John Woodburn | Director of Finance / Finance Director | | 2022-08-05 |
Shukura Shears | Director of Individual Giving | $106,187 | 2022-12-31 |
...and 6 more key personnel |
Financials for Shared Interest
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $737,265 | $955,239 | -22.8% |
Program services | $182,913 | $173,247 | 5.6% |
Investment income and dividends | $190,588 | $99,515 | 91.5% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $12,868 | -100% |
Net income from fundraising events | $121,198 | $0 | 999% |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $7,695 | $269,321 | -97.1% |
Total revenues | $1,239,659 | $1,510,190 | -17.9% |
Organizations like Shared Interest
Organization | Type | Location | Revenue |
---|
Adelante Foundation | 501(c)(3) | Woodside, CA | $1,060,392 |
Lighthouse of Hope Kenya | 501(c)(3) | Plymouth, MN | $530,177 |
Israel Firstfruits | 501(c)(3) | Grapevine, TX | $587,683 |
Heart for Orphans | 501(c)(3) | Williamsburg, VA | $654,109 |
Healing Nations / Global Missions Group | 501(c)(3) | Draper, UT | $799,088 |
Worldwide Orphans (WWO) | 501(c)(3) | New York, NY | $1,714,268 |
Global Medical Relief Fund | 501(c)(3) | Staten Island, NY | $505,198 |
Center for Global Impact | 501(c)(3) | Franklin, IN | $750,612 |
Caring for Cambodia (CFC) | 501(c)(3) | Austin, TX | $1,194,203 |
SowHope | 501(c)(3) | Rockford, MI | $573,959 |
Data update history
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 6, 2024
Updated personnel
Identified 1 new personnel
December 26, 2023
Used new vendors
Identified 1 new vendor, including
August 6, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
International-focused organizationsCharities
Issues
Foreign affairsInternational development
Characteristics
Fundraising eventsGala fundraisersTax deductible donations
General information
- Address
- 1412 Broadway 21st Floor Ma 126
- New York, NY 10018
- Metro area
- New York-Newark-Jersey City, NY-NJ-PA
- Website URL
- sharedinterest.org/Â
- Phone
- (212) 337-8547
- Facebook page
- Shared-Interest-Investing-in-Southern-Africas-FutureÂ
- Twitter profile
- @sharedinterest_Â
IRS details
- EIN
- 13-3836581
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1995
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- Q33: International Relief
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
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