Tenn-Share
- Assets
- $1.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 2
- Location
- Alcoa, TN
- Founding
- 05/2004
- Data as of
- 06/2022
- EIN
- 62-1581078
Organization Overview
Tenn-Share is located in Alcoa, TN. The organization was established in 2004. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 06/2022, Tenn-Share employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tenn-Share 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 06/2022, Tenn-Share generated $1.8m in total revenue. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 152.6% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TENN-SHARE IS A MEMBER-DRIVEN ORGANIZATION SERVING TENNESSEE LIBRARIES BY PROVIDING COST EFFECTIVE RESOURCES AND SERVICES THAT HELP THEM BETTER SERVE THEIR COMMUNITIES. TENN-SHARE HELPS LIBRARIES SAVE MONEY ON DATABASES AND EBOOKS, SHARE RESOURCES USING THE COURIER SYSTEM, AND LEARN BEST PRACTIES AT EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TENN-SHARE SAVES MEMBERS 5-95% OFF OF RETAIL PRICE ON DATABASE SUBSCRIPTIONS BY NEGOTIATING GROUP RATES, AND ASSESSES ADMINISTRATIVE FEES TO PROCESS INVOICES AND PAYMENTS.
THORUGH TENN-SHARE, MEBMER LIBRARIES PROVIDE INTER-LIBRARY LOAN SERVICES MORE AFFORDABLY WITH STATE-WIDE COURIER SERVICE. THIS SERVICE ALLOWS MEMBER LIBRARIES TO MOVE REQUESTED LIBRARY MATERIALS MORE EASILY ACROSS THE STATE TO OTHER MEMBER LIBRARIES. TENN-SHARE ASSESSES ADMINISTRATIVE FEES TO PROCESS INVOICES AND PAYMENTS, AND RESPOND TO CUSTOMER SERVICE INQUIRIES AND ISSUES.
TENN-SHARE SPONSORS AN ANNUAL TWO-DAY CONFERENCE THAT INCLUDES DEMONSTRATIONS OF THE LATEST ELECTRONIC DATABASES AND TOOLS BY VENDORS, AND ADDRESSES AND WORKSHOPS BY STATE AND NATIONAL LIBRARY EXPERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ari Baker Executive Di | Officer | 40 | $44,667 |
Stuart Gaetjens President | OfficerTrustee | 6 | $0 |
Jennie Mezick Vice Preside | OfficerTrustee | 4 | $0 |
Anjanae Brueland Treasurer | OfficerTrustee | 2 | $0 |
Linnea Minich Secretary | OfficerTrustee | 2 | $0 |
Sofiya Dahman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $66,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,000 |
| Total Program Service Revenue | $1,777,209 |
| Investment income | $2,018 |
| 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 | $1,846,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $44,667 |
| Compensation of current officers, directors, key employees. | $11,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,373 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,114 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,116 |
| Advertising and promotion | $0 |
| Office expenses | $419 |
| Information technology | $17,588 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $971 |
| 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 | $1,229 |
| All other expenses | $678 |
| Total functional expenses | $1,854,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,833 |
| Savings and temporary cash investments | $125,200 |
| 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 | $694,523 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,129,556 |
| Accounts payable and accrued expenses | $452,307 |
| Grants payable | $0 |
| Deferred revenue | $442,463 |
| 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 | $59,452 |
| Total liabilities | $954,222 |
| Net assets without donor restrictions | $175,334 |
| 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 | $1,129,556 |