Berkeley Electric Trust

Organization Overview

Berkeley Electric Trust is located in Moncks Corner, SC. The organization was established in 1994. According to its NTEE Classification (T30) the organization is classified as: Public 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. Berkeley 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, Berkeley Electric Trust generated $601.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $797.5k during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 8 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.

Since 2021, Berkeley Electric Trust has awarded 13 individual grants totaling $253,522. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF BERKELEY ELECTRIC TRUST IS THE DISBURSEMENT OF OPERATION ROUND-UP FUNDS FOR CHARITABLE PURPOSES IN BERKELEY, CHARLESTON AND DORCHESTER COUNTIES.THIS SHALL BE ACCOMPLISHED BY DISBURSEMENT OF FUNDS TO INDIVIDUALS AND ORGANIZATIONS FOR FOOD, SHELTER, CLOTHING, HEALTH NEEDS AND EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF BERKELEY ECI.


THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF BERKELEY ECI.


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Board, Officers & Key Employees

Name (title)Compensation
Latonia Brothers
Secretary
$2,275
Alton Hood
Chairman
$2,100
Gislaine Jenkins
Trustee
$2,100
William Jones
Trustee
$2,100
James Graham
Vice Chairma
$1,925
Queen Wilson
Trustee
$1,750

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$601,549
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$601,549
Total Program Service Revenue$0
Investment income $48
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 $601,597

Grants Awarded

Over the last fiscal year, Berkeley Electric Trust has awarded $67,057 in support to 4 organizations.

Grant RecipientAmount

AFRICAN AMERICAN SETTLEMENT

PURPOSE: CHARITABLE

$25,000

LEBANON FIRE DEPARTMENT

Org PageRecipient Profile

Lebanon, CT

PURPOSE: CHARITABLE

$19,557

OTHER

PURPOSE: CHARITABLE

$12,500

HABITAT FOR HUMANITY OF BERKELEY CO

Org PageRecipient Profile

Goose Creek, SC

PURPOSE: CHARITABLE

$10,000
View Grant Profile

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