Middle Tennessee Electric Sharingchange Inc
- Assets
- $398.9k
- Revenue
- $814.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Murfreesboro, TN
- Founding
- 12/2002
- Data as of
- 12/2023
- EIN
- 43-1958410
Organization Overview
Middle Tennessee Electric Sharingchange Inc is located in Murfreesboro, TN. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middle Tennessee Electric Sharingchange Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Middle Tennessee Electric Sharingchange Inc generated $814.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $615.0k during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Middle Tennessee Electric Sharingchange Inc has awarded 98 individual grants totaling $904,590. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SHARINGCHANGE IS MIDDLE TENNESSEE ELECTRIC MEMBERSHIP CORPORATION'S CHARITABLE FOUNDATION WHOSE SOLE PURPOSE IS TO GIVE BACK TO THE COMMUNITIES IN THE SERVICE AREA OF MIDDLE TENNESSEE ELECTRIC MEMBERSHIP CORPORATION WHICH SERVICES APPROXIMATELY 320,000 FARMS, HOMES AND BUSINESSES IN MIDDLE TENNESSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO VARIOUS GOVERNMENTAL AND 501(C)(3) ORGANIZATIONS WITHIN THE MIDDLE TENNESSEE ELECTRIC MEMBERSHIP COOPERATIVE MARKET AREA WITH GOALS SIMILAR TO THE GOALS OF THIS ORGANIZATION.
EMERGENCY FINANCIAL ASSISTANCE OTHER THAN ENERGY-RELATED TO INDIVIDUALS.
FINANCIAL ASSISTANCE TO INDIVIDUALS FOR ENERGY-RELATED COSTS.
COLLEGE SCHOLARSHIPS TO FAMILIES OF MEMBERS OF MIDDLE TENNESSEE ELECTRIC MEMBERSHIP CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doretha Wright Chairperson | OfficerTrustee | 1 | $400 |
Mike Waller Vice Chairpe | OfficerTrustee | 1 | $300 |
Joan Wherley Board Member | OfficerTrustee | 2.5 | $300 |
Carolyn Peebles Board Member | OfficerTrustee | 0.5 | $400 |
William C Brown Board Member | Trustee | 2 | $300 |
Derek Brown Board Member | Trustee | 1.5 | $100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $369,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $444,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $813,251 |
| Total Program Service Revenue | $0 |
| Investment income | $1,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $814,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $438,791 |
| Grants and other assistance to domestic individuals. | $157,458 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $7,024 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $614,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,258 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,597 |
| Total assets | $398,855 |
| Accounts payable and accrued expenses | $11,088 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,088 |
| Net assets without donor restrictions | $387,767 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $398,855 |
Grants Awarded
Over the last fiscal year, Middle Tennessee Electric Sharingchange Inc has awarded $69,526 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BACKLIGHT PRODUCTIONS PURPOSE: OPERATIONS | $10,000 |
BRIGHTSTONE INC PURPOSE: OPERATIONS | $10,000 |
HARD BARGAIN ASSOCIATION PURPOSE: OPERATIONS | $10,000 |
FEED AMERCA FIRST PURPOSE: OPERATIONS | $10,000 |
SECOND HARVEST FOOD BANK OF MIDDLETENNESSEE PURPOSE: OPERATIONS | $10,000 |
WILLIAMSON COUNTY FIRERESCUE PURPOSE: OPERATIONS | $19,526 |