Upper Cumberland Electric Membership Corporation Ucemc Cares
- Assets
- $60.0k
- Revenue
- $197.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Carthage, TN
- Founding
- 04/2015
- Data as of
- 06/2021
- EIN
- 46-3761245
Organization Overview
Upper Cumberland Electric Membership Corporation Ucemc Cares is located in Carthage, TN. The organization was established in 2015. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upper Cumberland Electric Membership Corporation Ucemc Cares 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 06/2021, Upper Cumberland Electric Membership Corporation Ucemc Cares generated $197.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $197.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Upper Cumberland Electric Membership Corporation Ucemc Cares has awarded 26 individual grants totaling $464,866. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT FUNDS FOR CHARITABLE PURPOSES FROM UPPER CUMBERLAND ELECTRIC MEMBERHSIP CORPORATION CUSTOMERS FOR DISBURSEMENT TO CHARITABLE ORGANIZATIONS WITHIN THE SERVICE AREA OF UPPER CUMBERLAND ELECTRIC MEMBERSHIP CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPPER CUMBERLAND ELECTRIC MEMBERSHIP CORPORATION CARES COLLECTS AND DISBURSES FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF UPPER CUMBERLAND ELECTRIC MEMBERSHIP CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Austin Chairman | OfficerTrustee | $0 | |
Ken Frye Vice Chairma | OfficerTrustee | $0 | |
Terry Montgomery Vice Chairma | OfficerTrustee | $0 | |
Carol Woodard Secretary | OfficerTrustee | $0 | |
Minnie Clemons Board Member | Trustee | $0 | |
Greta Hurst Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,971 |
| Investment income | $0 |
| 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 | $196,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| 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 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 | $4,100 |
| 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 | $186 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,484 |
| 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 | $933 |
| All other expenses | $0 |
| Total functional expenses | $197,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,702 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,292 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,994 |
| Accounts payable and accrued expenses | $14,464 |
| 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 | $14,464 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $45,530 |
Grants Awarded
Over the last fiscal year, Upper Cumberland Electric Membership Corporation Ucemc Cares has awarded $190,415 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesboro, TN PURPOSE: GENERAL PURPOSES | $10,000 |
Monroe, TN PURPOSE: GENERAL PURPOSES | $10,000 |
JACKSON CO QUARTERBACK CLUB PURPOSE: GENERAL PURPOSES | $6,824 |
FAIRGROUNDS VOLUNTEER FIRE DEPT PURPOSE: GENERAL PURPOSES | $6,598 |
OVERTON COUNTY JR WILDCAT FOOTBALL PURPOSE: GENERAL PURPOSES | $5,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pure Inc Bentonville, AR | $3,138,267 | $27,808,227 |
Fund For The Global Fund Sperryville, VA | $31,742,511 | $20,841,947 |
Camber Foundation Durham, NC | $143,536,160 | $30,406,277 |
Operation Sharing Tennessee Oneida, TN | $4,077,173 | $16,068,695 |
Johnny Mac Soldiers Fund Inc Ashburn, VA | $3,599,907 | $5,224,033 |
Lux Family Foundation St Louis, MO | $0 | $335,497 |
Ujft Community Campus L L C Virginia Beach, VA | $22,712,202 | $1,877,122 |
Generations Inc Memphis, TN | $2,391,169 | $2,284,255 |
Francis P Chiaramonte Md Family Foundation Inc Alexandria, VA | $42,064,981 | $1,988,575 |
Cornerstone Of Hope Inc Paducah, KY | $781,400 | $2,454,747 |
Special Operation Care Fund Inc Atlanta, GA | $332,687 | $2,251,151 |
A Step Ahead Foundation Inc Memphis, TN | $3,137,526 | $2,423,176 |