First Electric Trust
- Assets
- $33.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, AR
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 31-1586917
Organization Overview
First Electric Trust is located in Jacksonville, AR. The organization was established in 1998. According to its NTEE Classification (T31) the organization is classified as: Community 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. First 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 12/2022, First Electric Trust generated $134.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $135.1k during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FIRST ELECTRIC TRUST PROVIDED FUNDING FOR NON-PROFIT ORGANIZATIONS/AGENCIES AND INDIVIDUALS WITH REGARD TO FOOD, SHELTER, CLOTHING, HEALTH CARE, EQUIPMENT, COMMUNITY IMPROVEMENT PROJECTS, EDUCATION AND OTHER SPECIAL NEEDS ITEMS IN THE 18 COUNTY SERVICE TERRITORY OF FIRST ELECTRIC COOPERATIVE THROUGH "OPERATION ROUND UP". FIRST ELECTRIC COOPERATIVE CORPORATION ADMINISTERS THE TRUST AND COLLECTS ALL DONATIONS ON BEHALF OF THE TRUST AND FUNDS ALL OPERATING EXPENSES. ADDITIONALLY, FIRST ELECTRIC COOPERATIVE CORPORATION PROVIDED ACCOUNTING AND MANAGEMENT SERVICES VALUED AT $8,843.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reedie Ray Chairman | 1 | $1,250 | |
Lois A Burks Vice-Chairman | 1 | $1,250 | |
Joann Harkey Treasurer | 1 | $1,250 | |
Courtney Chism Secretary | 1 | $1,250 | |
Kimberly Ezell Director | 1 | $1,250 | |
James Zahnd Director | 1 | $1,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,385 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $134,385 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,250 |
| Professional fees and other payments to independent contractors | $1,675 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $148 |
| Other expenses | $3,451 |
| Total expenses | $135,074 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,424 |
| Other assets | $0 |
| Total assets | $33,424 |
| Total liabilities | $0 |
| Net assets or fund balances | $33,424 |