Peace River Cooperative Charitable Foundation Inc
- Assets
- $408.9k
- Revenue
- $206.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Wauchula, FL
- Founding
- 09/2006
- Data as of
- 12/2021
- EIN
- 20-4064056
Organization Overview
Peace River Cooperative Charitable Foundation Inc is located in Wauchula, FL. The organization was established in 2006. 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. Peace River Cooperative 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 12/2021, Peace River Cooperative Charitable Foundation Inc generated $206.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $165.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FOUNDATION SHALL BE THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PEACE RIVER ELECTRIC COOPERATIVE, INC. AND ITS SURROUNDING COMMUNITIES. THIS SHALL BE ACCOMPLISHED BY DISBURSEMENT OF THESE ACCUMULATED CHARITABLE FUNDS OF THE FOUNDATION TO INDIVIDUALS AND ORGANIZATIONS FOR NEEDS WHICH ARE RELATED TO FOOD, SHELTER, CLOTHING, HEALTH NEEDS, ENVIRONMENTAL AND EDUCATION. UPON DISSOLUTION OF THE FOUNDATION, ANY REMAINING FUNDS SHALL BE DISTRIBUTED ONLY FOR CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS FOR NEEDS WHICH ARE RELATED TO FOOD, SHELTER, CLOTHING, HEALTH NEEDS, ENVIRONMENTAL AND EDUCATION.
PROVIDE COLLEGE SCHOLARSHIPS TO STUDENTS RESIDING IN THE FOUNDATION'S LOCAL 10 COUNTY AREA, ALL OF WHICH ARE IN THE STATE OF FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Ackerly Secretary | OfficerTrustee | 0.75 | $0 |
Ellen Hamel Chair | OfficerTrustee | 5 | $0 |
Thomas Hackle Treasurer 9/ | OfficerTrustee | 0.2 | $0 |
Matt Harrison New Vc 4/21 | OfficerTrustee | 0.5 | $0 |
William E Hodge Treasurer 1/ | OfficerTrustee | 3 | $0 |
Bruce Behrens Vice Chair 1 | OfficerTrustee | 10 | $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 | $206,678 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,678 |
| Total Program Service Revenue | $0 |
| Investment income | $265 |
| 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 | $206,943 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,500 |
| Grants and other assistance to domestic individuals. | $105,692 |
| 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 | $7,500 |
| 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 | $28 |
| 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 | $165,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $367,792 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,064 |
| Total assets | $408,856 |
| 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 | $408,856 |
| 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 | $408,856 |
Grants Awarded
Over the last fiscal year, Peace River Cooperative Charitable Foundation Inc has awarded $37,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Lake Wales, FL PURPOSE: FOOD | $20,000 |
Bradenton, FL PURPOSE: FACILITIES | $10,000 |
Wauchula, FL PURPOSE: FACILITIES | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peace River Cooperative Charitable Foundation Inc has recieved totaling $23.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Endowment Analysis
| Beg. Balance | $229,000 |
| Net Contributions | $106,000 |
| Other Expense | -$4,000 |
| Grants | -$113,000 |
| Ending Balance | $218,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |