Coastal Electric Trust
- Assets
- $144.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Walterboro, SC
- Founding
- 07/1992
- Data as of
- 12/2022
- 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 12/2022, Coastal Electric Trust generated $58.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $34.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 4 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
2022
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 |
|---|---|---|---|
Martha Johnson President | 1 | $0 | |
Darius Mccarthy Vice Preside | 1 | $0 | |
Donna Crosby Secretary/tr | 1 | $0 | |
Christy Slocum Trustee | 1 | $0 | |
Jennifer Williams Trustee | 1 | $0 | |
Sheila Williams Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,692 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $198 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $58,890 |
| 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 | $131 |
| Total expenses | $34,733 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $139,386 |
| Other assets | $0 |
| Total assets | $144,294 |
| Total liabilities | $0 |
| Net assets or fund balances | $144,294 |