Central Florida Electric Cooperative Educational Charity In

Organization Overview

Central Florida Electric Cooperative Educational Charity In is located in Chiefland, FL. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Florida Electric Cooperative Educational Charity In 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 12/2023, Central Florida Electric Cooperative Educational Charity In generated $147.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $99.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE CENTRAL FLORIDA ELECTRIC COOPERATIVE EDUCATIONAL CHARITY, INC (CFECEC,INC) IS AN ORGANIZATION WHOSE PURPOSE IS EXCLUSIVELY EDUCATIONAL AND CHARITABLE AND IS TO SECURE AND DISTRIBUTE CONTRIBUTIONS FROM INDIVIDUALS,CORPORATIONS, GOVERNMENT ENTITIES AND FOUNDATIONS FOR SCHOLARSHIPS TO AND FOR GRADUATES OF HIGH SCHOOLS WITHIN THE COOPERATIVE SERVICE AREA AND WHOSE PARENT(S) OR LEGAL GUARDIAN(S) HAVE AN ACTIVE MEMBERSHIP WITH CENTRAL FLORIDA ELECTRIC COOPERATIVE, INC. APPLICATIONS ARE RECEIVED BY THE CFECEC, INC. AND ARE SORTED BY HIGH SCHOOL WITHIN THE CENTRAL FLORIDA ELECTRIC COOPERATIVE, INC SERVICE TERRITORY. COMMITTEES ARE BROKEN OUT OF THE CHARITY BOARD TO REVIEW THE DIFFERENT APPLICANTS FROM EACH SCHOOL. AN APPLICANT FROM EACH SCHOOL IS THEN CHOSEN BASED UPON THE FOLLOWING CRITERIA; GPA, FINANCIAL NEED, COMMUNITY SERVICE INVOLVEMENT, CLUBS/ORGANIZATIONS INVOLVEMENT, STUDENT WRITTEN ESSAY AND ANY ADDITIONAL CONSIDERATIONS OF NOTE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION AWARDED 47 SCHOLARSHIPS OF $1,000 EACH TO HIGH SCHOOL GRADUATES WITHIN THE HIGH SCHOOLS OF THE CENTRAL FLORIDA ELECTRIC COOPERATIVE, INC'S SERVICE TERRITORY. THE ORGANIZATION ALSO AWARDED 23 SCHOLARSHIPS TO ADULTS WITHIN THE CENTRAL FLORIDA ELECTRIC COOPERATIVE, INC'S SERVICE TERRITORY.


THE ORGANIZATION AWARDED GRANTS TO 3 LOCAL EDUCATIONAL CHARITIES WITHIN THE CENTRAL FLORIDA ELECTRIC COOPERATIVE, INC'S SERVICE TERRITORY.


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Board, Officers & Key Employees

Name (title)Compensation
Michelle Crawford
President
$0
Linda Campbell
V President
$0
Justin Jones
Treasurer
$0
Kathryn Mcinnis
Secretary
$0
Susan Robinson
Director
$0
Carl Roof
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$124,678
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$124,678
Total Program Service Revenue$0
Investment income $22,730
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 $147,408

Grants Awarded

Over the last fiscal year, Central Florida Electric Cooperative Educational Charity In has awarded $25,500 in support to 3 organizations.

Grant RecipientAmount

LEVY COUNTY SCHOOLS FOUNDATION INC

PURPOSE: SUPPORT LOCAL EDUCATION FOUNDATION IN THEIR SCHOLARSHIP PROGRAMS FOR STUDENTS AND TEACHERS.

$13,500

THE EDUCATION FOUNDATION OF GILCHRIST COUNTY INC

PURPOSE: SUPPORT LOCAL EDUCATION FOUNDATION IN THEIR SCHOLARSHIP PROGRAMS FOR STUDENTS AND TEACHERS.

$6,000

DIXIE EDUCATION FOUNDATION INC

PURPOSE: SUPPORT LOCAL EDUCATION FOUNDATION IN THEIR SCHOLARSHIP PROGRAMS FOR STUDENTS AND TEACHERS.

$6,000
View Grant Profile

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