Horry Electric Trust
- Assets
- $167.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Conway, SC
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 57-6148364
Organization Overview
Horry Electric Trust is located in Conway, SC. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Horry 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, Horry Electric Trust generated $142.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $135.4k during the year ending 12/2022. While expenses have increased by 22.2% 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
HORRY ELECTRIC TRUST WAS FORMED TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS AND FAMILIES IN NEED OF SUCH ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daphine Hickman President | 2 | $0 | |
Dale Willoughby Vice Preside | 2 | $0 | |
Ramona Baskin Sec/treas | 2 | $0 | |
Bernice Hammond Trustee | 2 | $0 | |
Wanda Bellamy Trustee | 2 | $0 | |
Janet Elliott Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,976 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $86 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $142,062 |
| 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 | $3,830 |
| Total expenses | $135,396 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $160,392 |
| Other assets | $0 |
| Total assets | $167,455 |
| Total liabilities | $0 |
| Net assets or fund balances | $167,455 |