EIN 13-3836581

Shared Interest

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
1995
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Shared Interest promotes equitable development in post-apartheid South Africa and neighboring countries through guaranteeing bank loans to low-income borrowers. It facilitates access to credit for these borrowers by providing loan guarantees to mainstream banks and other financial institutions, promoting social reconstruction in the region. The organization has outstanding agreements guaranteeing commercial loans to small and growing businesses, agricultural enterprises, and micro-finance institutions, with an aggregate exposure of $3.8 billion.
Total revenues
$1,239,659
2022
Total expenses
$1,629,760
2022
Total assets
$14,330,122
2022
Num. employees
6
2022

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
GrantmakerDescriptionAmount
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$201,000
Nasdaq Philanthropic FoundationExpanding Opportunities for Hbcu Students in Esg, Sri, and Impact Investing$100,000
Network for GoodUnrestricted$51,795
...and 12 more grants received

Personnel at Shared Interest

NameTitleCompensation
Ann McMikelExecutive Director and Officer$185,000
Amye JamesonSenior Director of Operations
Casey ClineManaging Director / Director of Operations / Director of Impact Investing and Operations$110,160
John WoodburnDirector of Finance / Finance Director
Shukura ShearsDirector of Individual Giving$106,187
...and 6 more key personnel

Financials for Shared Interest

RevenuesFYE 12/2022
Total grants, contributions, etc.$737,265
Program services$182,913
Investment income and dividends$190,588
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$121,198
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$7,695
Total revenues$1,239,659

Form 990s for Shared Interest

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-11990View PDF
2020-122021-11-15990View PDF
2019-122021-02-17990View PDF
2018-122020-02-06990View PDF
...and 9 more Form 990s

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Global Medical Relief FundStaten Island, NY$505,198
Center for Global ImpactFranklin, IN$750,612
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SowHopeRockford, 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
December 26, 2023
Received grants
Identified 5 new grant, including a grant for $100,000 from Nasdaq Philanthropic Foundation
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/ 
Phone
(212) 337-8547
Facebook page
Shared-Interest-Investing-in-Southern-Africas-Future 
Twitter profile
@sharedinterest_ 
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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