Nonprofit · EIN 20-5651596
SHAREFEST COMMUNITY DEVELOPMENT INC
Tax-exempt · SAN PEDRO, CA 90731
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,927,957 | $2,221,915 | $706,042 | $3,621,599 | $64,921 | $3,556,678 |
| December 31, 2024 | 990 | $1,827,176 | $2,067,408 | -$240,232 | $2,986,769 | $136,133 | $2,850,636 |
| December 31, 2023 | 990 | $2,216,798 | $1,889,125 | $327,673 | $3,170,493 | $79,625 | $3,090,868 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,828,307
- of which government grants
- $167,570
- Program service revenue
- $0
- Investment income
- $62,823
- Net income from fundraising events
- $36,827
- Other revenue
- $36,827
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $442,641
- Other salaries and wages
- $941,863
- Salaries, compensation and benefits (total)
- $1,598,339
- Professional fundraising fees
- $0
- Accounting fees
- $17,100
- Travel
- $44,411
- Depreciation
- $43,412
- Program services (functional)
- $1,839,919
- Management and general (functional)
- $109,442
- Fundraising (functional)
- $272,554
Balance sheet and other
- Total assets, start of year
- $2,986,769
- Total assets, end of year
- $3,621,599
- Total liabilities, end of year
- $64,921
- Net assets, end of year
- $3,556,678
- Land, buildings and equipment
- $576,861
- Net assets without donor restrictions
- $2,251,164
- Net assets with donor restrictions
- $1,305,514
- Gross receipts
- $3,159,917
- Employees
- 27
- Volunteers
- 280
- Year formed
- 2006
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chadwick R Mayer | President Trustee or director, Officer | 40 | $192,938 |
| Gretchen Downey | VP of Programs Officer | 40 | $144,703 |
| Betsy Chou | VP of Finance & Operations Officer | 40 | $105,000 |
| Dan Simon | Board CFO Trustee or director, Officer | 1 | $0 |
| Vince Vanacore | Director Trustee or director | 1 | $0 |
| Frank Schulz | Secretary Trustee or director, Officer | 1 | $0 |
| Mark Limpert | Director Trustee or director | 1 | $0 |
| Eric Ruehle | Board Chair Trustee or director, Officer | 1 | $0 |
| Jeff Etherington | Director Trustee or director | 1 | $0 |
| Matthew Engle | Director Trustee or director | 1 | $0 |
| Moises Figueroa | Director Trustee or director | 1 | $0 |
| Casey Abe | Director Trustee or director | 1 | $0 |
| Jamie Bender | Director Trustee or director | 1 | $0 |
| Adam Betino | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chadwick R Mayer | President Trustee or director, Officer | 40 | $194,213 |
| Gretchen Downey | VP of Programs Officer | 40 | $142,480 |
| Betsy Chou | VP of Finance & Operations Officer | 40 | $106,452 |
| Dan Simon | Board CFO Trustee or director, Officer | 1 | $0 |
| Vince Vanacore | Director Trustee or director | 1 | $0 |
| Frank Schulz | Secretary Trustee or director, Officer | 1 | $0 |
| Mark Limpert | Director Trustee or director | 1 | $0 |
| Eric Ruehle | Board Chair Trustee or director, Officer | 1 | $0 |
| Jeff Etherington | Director Trustee or director | 1 | $0 |
| Gabriela Medina | Director Trustee or director | 1 | $0 |
| Jessica Ibarra | Director Trustee or director | 1 | $0 |
| Moises Figueroa | Director Trustee or director | 1 | $0 |
| Becky Kim | Director Trustee or director | 1 | $0 |
| Casey Abe | Director Trustee or director | 1 | $0 |
| Jamie Bender | Director Trustee or director | 1 | $0 |
| Adam Betino | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chadwick R Mayer | President Trustee or director, Officer | 40 | $183,750 |
| Gretchen Downey | VP of Programs Highest-paid employee | 40 | $137,813 |
| Dan Simon | Board CFO Trustee or director, Officer | 1 | $0 |
| Vince Vanacore | Director Trustee or director | 1 | $0 |
| Frank Schulz | Secretary Trustee or director, Officer | 1 | $0 |
| Mark Limpert | Director Trustee or director | 1 | $0 |
| Eric Ruehle | Board Chair Trustee or director, Officer | 1 | $0 |
| Jeff Etherington | Director Trustee or director | 1 | $0 |
| Gabriela Medina | Director Trustee or director | 1 | $0 |
| Jessica Ibarra | Director Trustee or director | 1 | $0 |
| Moises Figueroa | Director Trustee or director | 1 | $0 |
| Becky Kim | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 638 S BEACON STREET SUITE 700, SAN PEDRO, CA 90731-3331
- In care of
- % CHAD MAYER
- Principal officer (990 for 2025)
- Chadwick R Mayer, 638 S Beacon Street, San Pedro, CA 90731
- Signed the 990
- Chadwick R Mayer, President
- Phone
- (310) 626-8106
- Website
- www.sharefestinc.org
- Return prepared by
- Stephens Reidinger & Beller LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 20-5651596 or by the name SHAREFEST COMMUNITY DEVELOPMENT INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Sharefest equips youth facing significant barriers to achieve economic success.
Program accomplishments
- Sharefest's Career Connections serves 500+ students in LAUSD Continuation and Charter Option High Schools with courses encompassing Socio-Emotional Learning, Purpose Education, Professional Development, College/Career Access, Entrepreneurship, Financial Literacy and Service Learning. Students receive year-round mentoring, case management support, and workforce development programming that reduces barriers to economic success, increases resilience and expands their supportive network.Expenses $1,487,592 · revenue $2,927,957
- Sharefest's Corporate Services program organizes community service projects for local corporations who provide volunteers, community awareness and funding. Projects include the improvement and beautification of schools, parks and other public spaces. Corporate partners also serve as a resource for the Career Connections' workforce development program.Expenses $352,327
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5651596
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $3,621,599
- Income (IRS master file)
- $3,159,917
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,927,957 | $2,221,915 | $3,621,599 | IRS |
| 990 | December 2024 | $1,827,176 | $2,067,408 | $2,986,769 | XML |
| 990 | December 2023 | $2,216,798 | $1,889,125 | $3,170,493 | XML |
| 990 | December 2022 | $2,113,057 | $1,641,200 | $2,953,421 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5651596).
Questions about SHAREFEST COMMUNITY DEVELOPMENT INC
- What is the EIN of SHAREFEST COMMUNITY DEVELOPMENT INC?
- The employer identification number (EIN) of SHAREFEST COMMUNITY DEVELOPMENT INC is 20-5651596.
- Is SHAREFEST COMMUNITY DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to SHAREFEST COMMUNITY DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHAREFEST COMMUNITY DEVELOPMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SHAREFEST COMMUNITY DEVELOPMENT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHAREFEST COMMUNITY DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SHAREFEST COMMUNITY DEVELOPMENT INC?
- The 990 for the year ended December 31, 2025 names Chadwick R Mayer.
- Who are the officers and directors of SHAREFEST COMMUNITY DEVELOPMENT INC?
- The 990 for the year ended December 31, 2025 lists 14 people; 3 received compensation from the organization, the highest $192,938 (Chadwick R Mayer, President).
- How much revenue does SHAREFEST COMMUNITY DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,927,957, expenses of $2,221,915 and total assets of $3,621,599 at year end.
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