Ecm Foundation
- Assets
- $1.4m
- Revenue
- $305.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgeland, MS
- Founding
- 08/2007
- Data as of
- 06/2023
- EIN
- 20-3033260
Organization Overview
Ecm Foundation is located in Ridgeland, MS. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ecm Foundation 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 06/2023, Ecm Foundation generated $305.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $120.4k during the year ending 06/2023. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION AWARDS SCHOLARSHIPS FOR HIGHER EDUCATION TO CHILDREN OF EMPLOYEES OF MISSISSIPPI'S VARIOUS ELECTRIC COOPERATIVES, CERTAIN PARTICIPANTS IN THE ECM YOUTH TOUR PROGRAM AND TO ELECTRICAL ENGINEERING CANDIDATES LOCATED IN RURAL ELECTRIC SERVICE AREAS IN MISSISSIPPI. IN ADDITION , THE FOUNDATION PROVIDES OTHER ASSISTANCE CONSISTENT WITH ITS EXEMPT PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF SCHOLARSHIPS TO CHILDREN OF EMPLOYEES OF MEMBERS OF THE ELECTRIC COOPERATIVES OF MISSISSIPPI (A.A.L.), ELECTRICAL ENGINEERING CANDIDATES IN THE STATE OF MISSISSIPPI LOCATED IN RURAL ELECTRIC SERVICE TERRITORIES, AND TO ELECTRIC COOPERATIVES OF MS (A.A.L.) YOUTH TOUR AWARD WINNERS FOR HIGHER EDUCATION.
DONATIONS TO OTHER PUBLIC CHARITIES OPERATING IN THE SERVICE AREAS OF MISSISSIPPI ELECTRIC COOPERATIVES.
DISASTER RELIEF PAYMENTS FOR EMPLOYEES OF MEMBERS OF THE ELECTRIC COOPERATIVES OF MISSISSIPPI.
ASSISTANCE TO FAMILIES OF BURN VICTIMS WHO WORK FOR MUNICIPAL UTILITIES OR ELECTRIC COOPERATIVES IN NORTH MISSISSIPPI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Bonds Director | Trustee | 0.5 | $0 |
Michael Callahan Sec-Treasure | OfficerTrustee | 0.5 | $0 |
Brian Clark Director | Trustee | 0.5 | $0 |
Keith Hayward Director | Trustee | 0.5 | $0 |
Brian Hughey Director | Trustee | 0.5 | $0 |
Michael Neely Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $254,219 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,219 |
| Total Program Service Revenue | $0 |
| Investment income | $31,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,177 |
| Net Income from Fundraising Events | $13,717 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,371 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,000 |
| Grants and other assistance to domestic individuals. | $69,650 |
| 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 | $5,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,670 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $419 |
| 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 | $0 |
| Total functional expenses | $120,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,580 |
| Savings and temporary cash investments | $208,564 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $957,067 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,376,211 |
| 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 | $1,376,211 |
| 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 | $1,376,211 |
Grants Awarded
Over the last fiscal year, Ecm Foundation has awarded $22,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BURN FOUNDATION OF AMERICA | | | $12,000 |
COOPERATIVE FAMILY FUND | | | $10,000 |