Middle Tennessee Electric Sharingchange Inc
- Assets
- $167.7k
- Revenue
- $669.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Murfreesboro, TN
- Founding
- 12/2002
- Data as of
- 12/2021
- 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 12/2021, Middle Tennessee Electric Sharingchange Inc generated $669.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $709.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDDLE TENNESEE ELECTRIC SHARINGCHANGE ACCUMULATES AND DISBURSES FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF MIDDLE TENNESSEE ELECTRIC MEMBER CORPORATION, INCLUDING GRANTS TO OTHER ORGANIZATIONS WITH GOALS SIMILAR TO THIS ORGANIZATION, AND PROVIDES ENERGY ASSISTANCE TO INDIVIDUALS AND SCHOLARSHIPS TO MEMBERS OF MIDDLE TENNESSEE ELECTRIC MEMBERSHIP CORPORATION, WHICH SERVES APPROXIMATELY 320,213 FARMS, HOMES, AND BUSINESSES IN MIDDLE TENNESSEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Petty Board Member | Trustee | 0.5 | $534 |
William C Brown Vice-Chairperson | OfficerTrustee | 2 | $507 |
Joan L Wherley Secretary | OfficerTrustee | 0.5 | $484 |
Jim Stone Board Member | Trustee | 0.8 | $474 |
Carolyn Peebles Treasurer | OfficerTrustee | 0.1 | $467 |
Doretha G Wright Chairperson | OfficerTrustee | 1 | $434 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $228,000 |
| Government grants | $80,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $361,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $669,653 |
| Total Program Service Revenue | $0 |
| Investment income | $79 |
| 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 | $669,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $544,360 |
| Grants and other assistance to domestic individuals. | $143,162 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $6,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $529 |
| Office expenses | $0 |
| Information technology | $11,236 |
| 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 | $3,991 |
| Total functional expenses | $709,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,655 |
| 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 | $61,059 |
| Total assets | $167,714 |
| Accounts payable and accrued expenses | $10,731 |
| 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 | $10,731 |
| Net assets without donor restrictions | $156,983 |
| 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 | $167,714 |
Grants Awarded
Over the last fiscal year, Middle Tennessee Electric Sharingchange Inc has awarded $131,065 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Lebanon, TN PURPOSE: GENERAL PURPOSE | $10,000 |
Lebanon, TN PURPOSE: GENERAL PURPOSE | $10,000 |
Nashville, TN PURPOSE: GENERAL PURPOSE | $10,000 |
Thompsons Station, TN PURPOSE: GENERAL PURPOSE | $10,000 |
Lebanon, TN PURPOSE: GENERAL PURPOSE | $10,000 |
SENIOR CITIZENS AWARENESS NETWORK PURPOSE: GENERAL PURPOSE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Middle Tennessee Electric Sharingchange Inc has recieved totaling $139.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $139 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |