Coastal Electric Trust
- Assets
- $120.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Walterboro, SC
- Founding
- 07/1992
- Data as of
- 12/2021
- EIN
- 57-6140814
Organization Overview
Coastal Electric Trust is located in Walterboro, SC. The organization was established in 1992. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, 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. Coastal 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 12/2021, Coastal Electric Trust generated $59.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $36.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 6 years. 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
2021
Describe the Organization's Program Activity:
Part 3
ACCUMULATION AND DISTRIBUTION OF FUNDS FOR THE CHARITABLE PURPOSES IN THE COASTAL ECI SERVICE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Idella Robertson President | 1 | $0 | |
Martha Hankerson Trustee | 1 | $0 | |
Jennifer Williams Trustee | 1 | $0 | |
Sharon Copeland Trustee | 1 | $0 | |
Donna Crosby Secretary/tr | 1 | $0 | |
Anne Padgett Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,745 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $49 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59,794 |
| 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 | $56 |
| Total expenses | $36,933 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $110,471 |
| Other assets | $0 |
| Total assets | $120,136 |
| Total liabilities | $0 |
| Net assets or fund balances | $120,136 |
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