Baldwin Electric Membership Charitable Foundation Inc
- Assets
- $199.7k
- Revenue
- $500.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Summerdale, AL
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 20-0654595
Organization Overview
Baldwin Electric Membership Charitable Foundation Inc is located in Summerdale, AL. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baldwin Electric Membership Charitable Foundation 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 12/2023, Baldwin Electric Membership Charitable Foundation Inc generated $500.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $457.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Baldwin Electric Membership Charitable Foundation Inc has awarded 123 individual grants totaling $2,022,179. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PURPOSE IS FOR THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES TO INDIVIDUALS AND ORGANIZATIONS FOR NEEDS RELATED TO THE FOLLOWING: FOOD, SHELTER, CLOTHING, HEALTH, ENVIRONMENTAL, AND EDUCATIONAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO AGENCIES FUNDS USED TO PROMOTE PROGRAMS AND SERVICES OF LOCAL ORGANIZATIONS.
GIFTS IN KIND RECEIVED FROM BALDWIN COUNTY ELECTRIC MEMBERSHIP CORPORATION.
GRANTS TO INDIVIDUALS FUNDS USED TO PROVIDE ASSISTANCE TO INDIVIDUALS IN NEED.
EDUCATIONAL GRANTS FUNDS USED TO PROVIDE EDUCATIONAL ASSISTANCE TO INDIVIDUALS THROUGH SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Combs Treasurer | Trustee | 1 | $0 |
Debbie Kline Director | Trustee | 2.5 | $0 |
Albert Lipscomb At Large | Trustee | 1.5 | $0 |
Scott Moeller Chairman | Trustee | 2 | $0 |
Clara Myers At Large | Trustee | 2 | $0 |
Janie Sawyer Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,920 |
| Noncash contributions included in lines 1a–1f | $65,920 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,920 |
| Total Program Service Revenue | $434,057 |
| Investment income | $21 |
| 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 | $499,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $236,916 |
| Grants and other assistance to domestic individuals. | $153,373 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $65,920 |
| Total functional expenses | $457,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $163,809 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,929 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $199,738 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $199,738 |
| 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 | $199,738 |
Grants Awarded
Over the last fiscal year, Baldwin Electric Membership Charitable Foundation Inc has awarded $221,162 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA SHERIFF'S YOUTH RANCH PURPOSE: FINANCIAL ASSISTANCE | $20,000 |
BALDWIN COUNTY CHILD ADVOCACY CENTE PURPOSE: FINANCIAL ASSISTANCE | $20,000 |
JENNIFER CLAIRE MOORE FOUNDATION PURPOSE: FINANCIAL ASSISTANCE | $8,000 |
BIG BROTHERS BIG SISTERS OF S AL PURPOSE: FINANCIAL ASSISTANCE | $20,000 |
PRODISEE PANTRY PURPOSE: FINANCIAL ASSISTANCE | $20,000 |
ROBERTSDALE ROTARY FOUNDATION INC PURPOSE: FINANCIAL ASSISTANCE | $19,350 |