Overview
What is Tenn-Share?
Tenn-Share is a member-driven nonprofit organization situated in Alcoa, Tennessee. Its primary mission is to support Tennessee libraries by offering cost-effective resources and services, thereby enabling them to better serve their communities. Tenn-Share achieves this goal by negotiating group rates for database subscriptions, resulting in savings of 5% to 95% off retail prices. Additionally, they facilitate the sharing of resources through a courier system, and organize events to disseminate best practices. The organization's administrative fees cover the processing of invoices and payments, ensuring smooth financial operations. With a small team of two dedicated individuals, Tenn-Share's impact extends to numerous libraries throughout Tennessee, empowering them to provide enhanced services to their communities.
Official website here: www.tenn-share.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Tenn-Share has earned an 81% rating from Charity Navigator, reflecting strong performance in accountability and finance. This rating is based entirely on their fiscal responsibility, with a notable score of 98.32% allocated to program expenses. Having a fully independent board makes a positive contribution to their governance, ensuring decisions are made in the best interest of the organization and its beneficiaries.
Strengths highlighted in their evaluation include a comprehensive range of financial oversight measures, such as an audit committee and clear policies for conflict of interest and whistleblower protections. The organization maintains transparency through its documented board meeting minutes and adheres to best practices in financial management. The salaries of key personnel, such as the Executive Director, are also disclosed, contributing to their accountability.
While Tenn-Share shows commendable financial stewardship and governance practices, the absence of a broader rating spectrum does not provide insights into any potential programmatic effectiveness or community impact. This limited view might restrict a complete understanding of their overall effectiveness in fulfilling their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Tenn-Share legitimate?
Tenn-Share is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tenn-Share submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $44,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,373
For more financial information, click here
Official website here: www.tenn-share.org
What is the mission statement of Tenn-Share?
Tenn-Share is a member-driven organization that serves libraries in Tennessee by offering cost-effective resources and services. Its primary aim is to assist libraries in serving their communities more effectively. Tenn-Share helps libraries save money on database subscriptions and ebooks by negotiating group rates, and it also facilitates resource sharing through a courier system. Additionally, Tenn-Share organizes events to educate libraries on best practices. The organization's mission is to provide resources and services that enable libraries to serve their communities more efficiently and effectively.
Official website here: www.tenn-share.org
Who is the CEO of Tenn-Share?
Ari Baker is the Executive Di of Tenn-Share.
Official website here: www.tenn-share.org
What is the revenue of Tenn-Share?
Tenn-Share's revenue in 2022 was $1,846,388.
Official website here: www.tenn-share.org
Who are the executives of Tenn-Share and what are their salaries?
The average compensation at Tenn-Share during 2022 was $36,520. There are 2 employees and 14 volunteers at Tenn-Share.
Here are 17 key members and their salaries:
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Official website here: www.tenn-share.org
Where can I find the form 990 for Tenn-Share?
Tenn-Share's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tenn-share.org
Learn more at the official website: www.tenn-share.org
Mission Statement of Tenn-Share
Tenn-Share, a member-driven organization, is dedicated to serving libraries in Tennessee by offering cost-effective resources and services that enable them to better serve their communities. The organization's mission is multifaceted. It assists libraries in saving significant amounts on database subscriptions and eBooks by negotiating group rates. This not only reduces the financial burden on libraries but also ensures they have access to essential resources.
Furthermore, Tenn-Share facilitates the sharing of resources among libraries through its courier system. This system allows libraries to borrow materials from each other, thereby expanding their collections without incurring additional costs. In addition to these practical benefits, Tenn-Share organizes events where libraries can learn about best practices. These events provide an opportunity for librarians to network, share experiences, and gain insights into innovative approaches to library services. By offering these diverse services, Tenn-Share plays a crucial role in helping libraries in Tennessee enhance their offerings and better serve their communities.
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Impact
July, 2024
Tenn-Share's impact is significant in the realm of Tennessee libraries. By providing cost-effective resources and services, Tenn-Share helps libraries in the state save money on database subscriptions and ebooks. This savings can range from 5% to 95% off retail prices, making valuable resources more accessible to libraries serving their communities. Additionally, Tenn-Share facilitates resource sharing through a courier system, improving access to materials across different library systems. Their events also offer opportunities for members to learn best practices, enhancing the overall effectiveness of library services in Tennessee.
This information is meant to be a general summary of Tenn-Share. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,018
- Program Service Revenue: $1,777,209
- Gross Receipts: $1,846,388
Assets and Liabilities:
- Total Assets: $1,129,556
- Total Liabilities: $954,222
- Net Assets: $175,334
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DATABASE SERVICES
Revenue
$1,443,365
COURIER SERVICES
Revenue
$332,569
DATAFEST
Revenue
$1,275
Organization Details
Founding Year
1996
Phone
(615) 669-8670Principal Officer
Ari Baker
Main Address
PO BOX 691, ALCOA, TN, 37701
Website
www.tenn-share.orgNTEE Category
Code: B70 - Education
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