Taylor Electric Trust
- Assets
- $247.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Merkel, TX
- Founding
- 01/2015
- Data as of
- 12/2023
- EIN
- 26-2612715
Organization Overview
Taylor Electric Trust is located in Merkel, TX. The organization was established in 2015. According to its NTEE Classification (M12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taylor Electric Trust 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, Taylor Electric Trust generated $85.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $72.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE TRUST OPERATES AN OPERATION ROUND UP PROGRAM BY WHICH MEMBERS OF TAYLOR ELECTRIC COOPERATIVE ROUND UP THEIR UTILITY BILL TO THE NEXT WHOLE DOLLAR. THE FUNDS ARE THEN USED TO SUPPORT VOLUNTEER FIRE DEPARTMENTS AND NEEDY INDIVIDUALS IN THE TAYLOR ELECTRIC COOPERATIVE SERVICE AREA. APPROXIMATELY 26 DIFFERENT VOLUNTEER FIRE DEPARTMENTS RECEIVED CONTRIBUTIONS IN 2023. NO INDIVIDUALS RECEIVED ANY FUNDS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecil Davis Board Chairman | 1 | $0 | |
Leland Robinson Board Vice Chairman | 1 | $0 | |
David Mcfall Secretary/treasurer | 1 | $0 | |
Garland Carter Director | 1 | $0 | |
Richard Petree Director | 1 | $0 | |
Kathryn Rainey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,697 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,107 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $85,804 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15 |
| Total expenses | $72,515 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $234,816 |
| Other assets | $0 |
| Total assets | $247,474 |
| Total liabilities | $0 |
| Net assets or fund balances | $247,474 |