Community Shares Inc
- Assets
- $650.0k
- Revenue
- $422.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Knoxville, TN
- Founding
- 08/1985
- Data as of
- 06/2024
- EIN
- 62-1233685
Organization Overview
Community Shares Inc is located in Knoxville, TN. The organization was established in 1985. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2024, Community Shares Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Shares 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 06/2024, Community Shares Inc generated $422.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $404.1k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Community Shares Inc has awarded 144 individual grants totaling $1,327,309. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
FEDERATED FUNDRAISING CAMPAIGN
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION CONDUCTS ANNUAL EDUCATIONAL CAMPAIGNS AND FUNDRAISING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Mott President | OfficerTrustee | 1 | $0 |
Tony Garr Vice-Pres | OfficerTrustee | 1 | $0 |
Candia Layne Treasurer | OfficerTrustee | 1 | $0 |
Teresa Underwo Secretary | OfficerTrustee | 1 | $0 |
Belinda Gardne Director | Trustee | 1 | $0 |
Jane Hussain Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $60,478 |
| Membership dues | $35,467 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $286,145 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,090 |
| Total Program Service Revenue | $32,095 |
| Investment income | $8,432 |
| 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 | $422,617 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,142 |
| 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. | $72,335 |
| Compensation of current officers, directors, key employees. | $13,021 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,797 |
| Payroll taxes | $5,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $946 |
| Office expenses | $7,286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,879 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $800 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $823 |
| All other expenses | $4,369 |
| Total functional expenses | $404,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,837 |
| Savings and temporary cash investments | $201,282 |
| Pledges and grants receivable | $108,971 |
| 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 | $9,558 |
| Net Land, buildings, and equipment | $317 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $649,965 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $30,632 |
| Deferred revenue | $149,883 |
| 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 | $4,367 |
| Total liabilities | $184,882 |
| Net assets without donor restrictions | $465,083 |
| 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 | $649,965 |
Grants Awarded
Over the last fiscal year, Community Shares Inc has awarded $242,523 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
UT VACH PURPOSE: GEN SUPPOR | $27,816 |
NATL HARM PURPOSE: GEN SUPPOR | $8,860 |
ORAU PURPOSE: GEN SUPPOR | $33,106 |
METRO SCHOOLS PURPOSE: GEN SUPPOR | $18,064 |
MECC PURPOSE: GEN SUPPOR | $27,205 |
MTSU PURPOSE: GEN SUPPOR | $16,334 |