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← MIDDLE TENNESSEE ELECTRIC SHARINGCHANGE INC

Form 990 for tax year 2023

Filed by MIDDLE TENNESSEE ELECTRIC SHARINGCHANGE INC.

Totals

Total revenue
$814,806
Total expenses
$614,988
Contributions and grants received
$813,251
Grants paid
$596,249
Program service revenue
$0
Investment income
$1,555
Other revenue
$0
Total assets, end of year
$398,855
Total liabilities, end of year
$11,088
Net assets or fund balances, end of year
$387,767
Program services expenses (Part IX)
$596,249
Management and general expenses
$18,739
Fundraising expenses
$0
Program service expenses (Part III)
$596,249

Program services were 97.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $369,000

  • 1f · All other contributions, gifts and grants

    $444,251

  • 3 · Investment income

    total $1,555 · excluded $1,555

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $438,791 · program services $438,791

  • 2 · Grants to domestic individuals

    total $157,458 · program services $157,458

  • 5 · Compensation of officers, directors and key employees

    total $3,000 · management and general $3,000

  • 11c · Fees: accounting

    total $7,648 · management and general $7,648

  • 14 · Information technology

    total $7,024 · management and general $7,024

  • 24a · Other expenses: BOARD MEMBER EXPENSES

    total $1,037 · management and general $1,037

  • 24b · Other expenses: REGISTRATION FEES

    total $30 · management and general $30

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $131,983 · end of year $329,258

  • 15 · Other assets

    beginning of year $66,506 · end of year $69,597

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,540 · end of year $11,088

  • 27 · Net assets without donor restrictions

    beginning of year $187,949 · end of year $387,767

Mission and programs · 2023

Mission

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.

  • 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.

    Expenses $442,194 · Grants $442,194

  • FINANCIAL ASSISTANCE TO INDIVIDUALS FOR ENERGY-RELATED COSTS.

    Expenses $134,055 · Grants $134,055

  • COLLEGE SCHOLARSHIPS TO FAMILIES OF MEMBERS OF MIDDLE TENNESSEE ELECTRIC MEMBERSHIP CORPORATION.

    Expenses $20,000 · Grants $20,000

  • EMERGENCY FINANCIAL ASSISTANCE OTHER THAN ENERGY-RELATED TO INDIVIDUALS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Doretha Wright

    CHAIRPERSON

    Total calculated
    $400
    From this org
    $400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mike Waller

    VICE CHAIRPE

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Joan Wherley

    BOARD MEMBER

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5

  • Carolyn Peebles

    BOARD MEMBER

    Total calculated
    $400
    From this org
    $400
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • William C Brown

    BOARD MEMBER

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Derek Brown

    BOARD MEMBER

    Total calculated
    $100
    From this org
    $100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Irene Pitts-McDonald

    BOARD MEMBER

    Total calculated
    $400
    From this org
    $400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mike Parks

    BOARD MEMBER

    Total calculated
    $400
    From this org
    $400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Beth Petty

    BOARD MEMBER

    Total calculated
    $400
    From this org
    $400
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
1 July 2024
IRS schema version
2023v5.0
Source object
202422189349300307

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