Nonprofit · EIN 81-2134246
SHARE LIFE
Tax-exempt · CLEAR LAKE, IA 50428
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $42,394 | $47,617 | -$5,223 | $90,594 | – | $90,594 |
| December 31, 2023 | 990-EZ | $55,549 | $50,041 | $5,508 | $95,817 | – | $95,817 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $42,394
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $1,270
- Other expenses
- $46,347
- Program services (functional)
- $46,186
Balance sheet and other
- Total assets, start of year
- $95,817
- Total assets, end of year
- $90,594
- Total liabilities, end of year
- –
- Net assets, end of year
- $90,594
- Cash, savings and investments
- $90,594
- Gross receipts
- $42,394
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTEN SEEHUSEN | President | 2 | $0 |
| CATHY BANCROFT | Secretary | 2 | $0 |
| NICHOLE SORENSEN | Treasurer | 2 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTEN SEEHUSEN | President | 2 | $0 |
| CATHY BANCROFT | Secretary | 2 | $0 |
| NICHOLE SORENSEN | Treasurer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 7, CLEAR LAKE, IA 50428-0007
- In care of
- % ASHLEY COLEMAN
- Mailing address (990-N for 2018)
- 18 N 3rd Street Suite 100, Clear Lake IA 50428
- Principal officer (990-N for 2018)
- Ashley Coleman, 400 N 5th Street, Clear Lake IA 50428
- Signed the 990-EZ
- NICHOLE SORENSEN, Treasurer
- Phone
- (641) 357-5291
- Website
- www.sharelifeclearlake.com
- Return prepared by
- POTTER & BRANT PLC
Mission
TO ESTABLISH LONG TERM COLLABORATION PROJECTS THAT ADDRESS THE NEEDS OF MOST VULNERABLE IN OUR COMMUNITY, SPECIFICALLY CHILDREN AND FAMILIES.
Program accomplishments
- KIDS CAFE - A FREE LUNCH PROGRAM WHO'S PRIMARY GOAL IS TO MEET A NEED FOR FOOD SECURITY DURING THE SUMMERExpenses $40,169
- SHARE SHOP, LIGHTHOUSE LEASEHOLD EXPENSES AND OTHER PROJECTSExpenses $6,017
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 81-2134246
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $90,594
- Income (IRS master file)
- $42,394
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $42,394 | $47,617 | $90,594 | XML |
| 990-EZ | December 2023 | $55,549 | $50,041 | $95,817 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Ashley Coleman | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-2134246).
Questions about SHARE LIFE
- What is the EIN of SHARE LIFE?
- The employer identification number (EIN) of SHARE LIFE is 81-2134246.
- Is SHARE LIFE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to SHARE LIFE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHARE LIFE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SHARE LIFE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHARE LIFE last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of SHARE LIFE?
- The 990-N for 2018 names Ashley Coleman.
- Who are the officers and directors of SHARE LIFE?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does SHARE LIFE have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $42,394, expenses of $47,617 and total assets of $90,594 at year end.
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All nonprofits in CLEAR LAKE · Iowa · Community improvement and capacity building