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Vec Customers Share INC

Tax-deductible

Decatur, TN501(c)(3)Foundations & GrantmakersEIN 62-1861476

Provide funding to charitable and community service organizations within the volunteer energy cooperative service territory.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $5K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$315K
-5% vs prior year
Spent
$321K
To programs
91%
Net assets
$29K
By yearFY2020–FY2024
Revenue
$315K
FY2024▼ -5%
Revenue by fiscal year
FY2020$348K
FY2021$341K
FY2022$334K
FY2023$330K
FY2024$315K
Expenses
$321K
FY2024-0.3%
Expenses by fiscal year
FY2020$346K
FY2021$343K
FY2022$309K
FY2023$322K
FY2024$321K
Net assets
$29K
FY2024▼ -17%
Net assets by fiscal year
FY2020$5K
FY2021$2K
FY2022$27K
FY2023$35K
FY2024$29K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $292K Management & general 9% · $29K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Norma Barham
Co-Chairpers
$0Pt VII · Sec A
$0Pt VII · Sec A
Kelli Crouch
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Lisa Mantooth
Secretary/Tr
$0Pt VII · Sec A
Holly Neal
Chairperson
$0Pt VII · Sec A
See Vec Customers Share INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds local charities and community service groups.

Provided by the organization

This section is blank until Vec Customers Share INC claims this page.

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1 program service account for $292K of program spending, described in the organization's own filed words · FY2024.
01

Provide funding to charitable and community service organizations within the volunteer energy cooperative service area.

$292Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $63K · 2020–2024
Highway 58 Volunteer Fire DepartmenFY2024$6,150
Friends of Harrison Bay State ParkTN · FY2021$5,200
Fentress County Food Bank INCTN · FY2020$10,585
Meigs MinistryFY2020$5,985
Cumberland Good Samaritans INCTN · FY2020$5,985
Calhoun Charleston Food PantryFY2020$5,985
Bags of Blessings - Meadowview BaptFY2020$5,985
New Life Community KitchenFY2020$5,950
West Polk County Baptist AssociatioFY2020$5,510
Midway Quarterback ClubFY2020$5,400

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$315K
Ln 12
Gifts and grantsLn 1h$315K
Money outPt IX
$321K
Ln 25
Programscol B$292K
Managementcol C$29K
Owns and owesPt X
$29K
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$29K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$315K
Total revenueLn 12$315K
Assets in detailPt X, end of year
CashLn 1$29K
Cash and savings togetherLn 1–2$29K
Total assetsLn 16$29K
LiabilitiesLn 26$0
Net assetsLn 32$29K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$35K$29K
Total assetsLn 16$35K$29K
LiabilitiesLn 26$0$0
Net assetsLn 32$35K$29K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$292K$292K
Management feesLn 11a$24K$24K
Accounting feesLn 11c$5K$5K
Total functional expensesLn 25$321K$292K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $315K$321K−$6K$29K 990 PDF
FY2023 $330K$322K$8K$35K 990 PDF
FY2022 $334K$309K$24K$27K 990 PDF
FY2021 $341K$343K−$2K$2K 990 PDF
FY2020 $348K$346K$2K$5K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $314,615 across 3 lines filed
VIII-1f All other contributions, gifts and grants$314,615
VIII-1h Total contributions, gifts and grants$314,615
VIII-12 Total revenue$314,615
Part IX · Statement of functional expenses $320,650 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $291,850$291,850
IX-11a Management feesManagement $24,000$24,000
IX-11c Accounting feesManagement $4,800$4,800
IX-25 Total functional expensesPrograms $291,850 · Management $28,800 · Fundraising $0$320,650
Part X · Balance sheet $29,177 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $35,212$29,177
X-16 Total assetsStart of year $35,212$29,177
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $35,212$29,177
X-32 Total net assets or fund balancesStart of year $35,212$29,177
X-33 Total liabilities and net assetsStart of year $35,212$29,177
Part XI · Reconciliation of net assets $29,177 net assets at year end
XI-1 Total revenue$314,615
XI-2 Total expenses$320,650
XI-3 Revenue less expenses−$6,035
XI-4 Net assets at start of year$35,212
XI-10 Net assets at end of year$29,177

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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