Tri-County Electric Foundation Inc
- Assets
- $153.9k
- Revenue
- $221.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Dudley, NC
- Founding
- 03/2002
- Data as of
- 12/2023
- 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 12/2023, Tri-County Electric Foundation Inc generated $221.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $202.2k during the year ending 12/2023. While expenses have increased by 3.5% per year over the past 8 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.
Since 2016, Tri-County Electric Foundation Inc has awarded 24 individual grants totaling $1,296,692. 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
2023
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 |
|---|---|---|---|
Stephanie Howard President | 1 | $0 | |
Dawn Stroud Vice President | 1 | $0 | |
Cynthia Potter Director | 1 | $0 | |
Ruby Andres Mojica Director | 1 | $0 | |
Kelvin Coates Treasurer | 1 | $0 | |
Kathy Creech Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $221,649 |
| 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 | $221,649 |
| 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 | $20,590 |
| Total operating and administrative expenses | $23,990 |
| Contributions, gifts, grants paid | $178,250 |
| Total expenses and disbursements | $202,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,361 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $13,502 |
| 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 | $153,863 |
| 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 $178,250 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED - SCHOLARSHIPS PURPOSE: EDUCATIONAL SCHOLARSHIPS | $20,250 |
SEE ATTACHED - ORGANIZATIONS PURPOSE: SPECIAL PROJECTS | $77,000 |
SEE ATTACHED- INDIVIDUALS PURPOSE: MEDICAL/OTHER ASSISTANCE | $81,000 |