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Tenn-Share

EIN 62-1581078 · Alcoa, TN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak49 out of 100GovernanceGood84 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TENN-SHARE IS A MEMBER DRIVEN ORGANIZATION SERVING TENNESSEE LIBRARIES BY PROVIDING COST EFFECTIVE RESOURCES AND SERVICES THAT HELP THEM BETTER SERVE THIER COMMUNITIES. TENN-SHARE HELPS LIBRARIES SAVE MONEY ON DATABASES AND EBOOKS, SHARE RESOURCES USING THE COURIER SYSTEM

Income
$2.2 million
Spending
$2.2 million
Spent on programs
99%
Reserves
1.1 months of spending
Largest source of income
fees for its services, 96%
Employees
1

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 49 out of 100. Higher than 27% of charities in its peer group (education, $1m to $10m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.1 months of spending.

  • Debt

    2 of 20

    It owes 79% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 0% of income.

  • Income trend

    10 of 15

    Income fell 2% on the year before.

  • Spending floor

    15 of 15

    99% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 84 out of 100. Higher than 44% of charities in its peer group (education, $1m to $10m).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $1.7 million spent. TENN-SHARE SAVES MEMEBERS 5-95% OFF OF RETAIL PRICE ON DATABASE SUBSCRIPTIONS BY NEGOTIATING GROUP RATES, AND ASSESSES ADMINISTRATIVE FEES TO PROCESS INVOICES AND PAYMENTS.
  2. $525,304 spent. THROUGH TENN-SHARE, MEMBER 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 ANDE PAYMENTS, AND RESPOND TO CUSTOMER SERVICE INQUIRIES AND ISSUES.
  3. $1,867 spent. 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.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 2004.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.