Tri-County Electric Foundation Inc
- Assets
- $154.1k
- Revenue
- $199.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Dudley, NC
- Founding
- 03/2002
- Data as of
- 12/2021
- EIN
- 62-1838433
Organization Overview
Tri-County Electric Foundation Inc is located in Dudley, NC. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Tri-County Electric Foundation Inc 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, Tri-County Electric Foundation Inc generated $199.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $118.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Tri-County Electric Foundation Inc has awarded 21 individual grants totaling $1,102,562. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Michael Davis Ex-Oficio | 1 | $0 | |
Nancy Smith Secretary | 1 | $0 | |
Cynthia Potter Director | 1 | $0 | |
Kathy Creech Director | 1 | $0 | |
Linda Hines President | 1 | $0 | |
Carl Kornegay Jr Ex-Oficio | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $199,432 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $199,432 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,557 |
| Total operating and administrative expenses | $11,607 |
| Contributions, gifts, grants paid | $107,150 |
| Total expenses and disbursements | $118,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,383 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $26,703 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $154,086 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Tri-County Electric Foundation Inc has awarded $107,150 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED - ORGANIZATIONS PURPOSE: SPECIAL PROJECTS | $45,000 |
SEE ATTACHED - INDIVIDUALS PURPOSE: MEDICAL/OTHER ASSISTANCE | $34,000 |
SEE ATTACHED - SCHOLARSHIPS PURPOSE: EDUCATIONAL SCHOLARSHIPS | $28,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Company Charitable Foundation Inc Atlanta, GA | $133,098,319 | $27,836,912 |
Burroughs Wellcome Fund Research Triangle Park, NC | $946,804,754 | $86,337,046 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Blue Cross And Blue Shield Of North Carolina Foundation Durham, NC | $253,862,813 | $27,558,288 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |