Glades Electric Educational Foundation Inc
- Assets
- $1.1m
- Revenue
- $49.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Moore Haven, FL
- Founding
- 02/2002
- Data as of
- 12/2023
- EIN
- 65-1083705
Organization Overview
Glades Electric Educational Foundation Inc is located in Moore Haven, FL. The organization was established in 2002. 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. Glades Electric Educational 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, Glades Electric Educational Foundation Inc generated $49.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $76.3k during the year ending 12/2023. While expenses have increased by 5.4% per year over the past 9 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 2015, Glades Electric Educational Foundation Inc has awarded 413 individual grants totaling $618,400. 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
SCHOLARSHIPS OF 66250 WERE PAID OUT TO 41 QUALIFYING STUDENTS ALSO AN ADDITIONAL SCHOLARSHIPS OF APPROXIMATELY 48000 WERE APPROVED FOR PAYOUT IN FUTURE YEARS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Coxe President | 1 | $0 | |
Angela Hodges Vice President | 1 | $0 | |
Jeff Brewington Secretarytreasurer | 1 | $0 | |
Barney Goodman Trustee | 1 | $0 | |
Mike Pressley Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,470 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,499 |
| Capital Gain Net Income | $22,499 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,969 |
| 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 | $28,449 |
| Total operating and administrative expenses | $28,449 |
| Contributions, gifts, grants paid | $47,897 |
| Total expenses and disbursements | $76,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,960 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $2,391 |
| Total assets | $1,117,480 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $46,500 |
| 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 | $46,500 |
Grants Awarded
Over the last fiscal year, Glades Electric Educational Foundation Inc has awarded $112,750 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
ABAGAIL HOLCOMB PURPOSE: TUITION BOOKS CLASS SUPPLIES ROOM & BOARD | $2,500 |
ADAM MOORE PURPOSE: TUITION BOOKS CLASS SUPPLIES ROOM & BOARD | $1,000 |
ALEXIS IMHOFF PURPOSE: TUITION BOOKS CLASS SUPPLIES ROOM & BOARD | $2,000 |
ALIANA SMITH PURPOSE: TUITION BOOKS CLASS SUPPLIES ROOM & BOARD | $2,000 |
ANGELY GALVEZ PURPOSE: TUITION BOOKS CLASS SUPPLIES ROOM & BOARD | $1,250 |
ALYSON SMYTH PURPOSE: TUITION BOOKS CLASS SUPPLIES ROOM & BOARD | $2,500 |