Tvec Charitable Foundation

Organization Overview

Tvec Charitable Foundation is located in Kaufman, TX. The organization was established in 2013. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tvec Charitable 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 12/2021, Tvec Charitable Foundation generated $405.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $345.9k during the year ending 12/2021. While expenses have increased by 0.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE FOUNDATION IS THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE COUNTIES COMPRISING THE SERVICE TERRITORY OF TRINITY VALLEY ELECTRIC COOPERATIVE, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS TO 117 NOT-FOR-PROFIT ORGANIZATIONS BENEFITING INDIVIDUALS, FAMILIES AND GROUPS IN THE TRINITY VALLEY ELECTRIC COOPERATIVE SERVICE TERRITORY, IN ACCORDANCE WITH 501(C)(3) GUIDELINES.


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Board, Officers & Key Employees

Name (title)Compensation
Carolyn Minor
Vice Chairman
$0
Howard Tillison
Chairman
$0
Jo Ann Hanstrom
Secretary
$0
Jeffrey Lane
Executive Director
$0
Paul Weatherford
Director
$0
Jerry Priest
Director
$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$405,632
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$405,632
Total Program Service Revenue$0
Investment income $0
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 $405,632

Grants Awarded

Over the last fiscal year, Tvec Charitable Foundation has awarded $84,250 in support to 10 organizations.

Grant RecipientAmount

GREATER EAST TEXAS COMMUNITY ACTION PROGRAM (GETCAP)

Org PageRecipient Profile

Nacogdoches, TX

PURPOSE: UTILITY BILL ASSISTANCE

$12,000

SALVATION ARMY - KAUFMAN

Org PageRecipient Profile

Atlanta, GA

PURPOSE: FOOD AND UTILITY ASSISTANCE

$11,250

HELPING ANGELS OF KAUFMAN COUNTY

Org PageRecipient Profile

Kaufman, TX

PURPOSE: FOOD AND UTILITY ASSISTANCE

$9,750

HENDERSON COUNTY HELP CENTER

Org PageRecipient Profile

Athens, TX

PURPOSE: FOOD AND UTILITY ASSISTANCE

$9,000

SALVATION ARMY - MALAKOFF

Org PageRecipient Profile

Atlanta, GA

PURPOSE: FOOD AND UTILITY ASSISTANCE

$8,500

KAUFMAN CHRISTIAN HELP CENTER

Org PageRecipient Profile

Kaufman, TX

PURPOSE: FOOD AND UTILITY ASSISTANCE

$8,500
View Grant Profile

Peer Organizations

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