Glades Electric Educational Foundation Inc
- Assets
- $1.3m
- Revenue
- $201.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Moore Haven, FL
- Founding
- 02/2002
- Data as of
- 12/2021
- 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 12/2021, Glades Electric Educational Foundation Inc generated $201.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $75.2k during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 7 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 249 individual grants totaling $360,900. 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
SCHOLARSHIPS OF $38,000 WERE PAID OUT TO 35 QUALIFYING STUDENTS. IN ADDITION, ADDITIONAL SCHOLARSHIPS OF APPROXIMATELY $31,000 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 | |
Barney Goodman Trustee | 1 | $0 | |
Mike Pressley Trustee | 1 | $0 | |
Jeff Brewington Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,719 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $172,534 |
| Capital Gain Net Income | $172,534 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $302 |
| Other Income | $0 |
| Total Revenue | $201,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,548 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,207 |
| Total operating and administrative expenses | $29,230 |
| Contributions, gifts, grants paid | $46,000 |
| Total expenses and disbursements | $75,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,471 |
| 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 | $2,572 |
| Total assets | $1,339,156 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $60,000 |
| 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 | $60,000 |
Grants Awarded
Over the last fiscal year, Glades Electric Educational Foundation Inc has awarded $69,000 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
LAUREN SILLS PURPOSE: TUITION, BOOKS, CLASS SUPPLIES, ROOM AND BOARD | $3,750 |
JULIAN ROMERO PURPOSE: TUITION, BOOKS, CLASS SUPPLIES, ROOM AND BOARD | $3,750 |
KOBE LABRA PURPOSE: TUITION, BOOKS, CLASS SUPPLIES, ROOM AND BOARD | $3,750 |
BRICE PROWANT PURPOSE: TUITION, BOOKS, CLASS SUPPLIES, ROOM AND BOARD | $3,750 |
JAKE BESSEY PURPOSE: TUITION, BOOKS, CLASS SUPPLIES, ROOM AND BOARD | $3,750 |
MORGAN HELLEIN PURPOSE: TUITION, BOOKS, CLASS SUPPLIES, ROOM AND BOARD | $3,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |
Uab Research Foundation Birmingham, AL | $14,400,184 | $5,771,462 |
Eminent Scholars Foundation Huntsville, AL | $0 | $754,182 |
Arete Scholars Fund Dacula, GA | $8,445,771 | $4,355,145 |
The Fund For Theological Education Inc Decatur, GA | $34,735,752 | $8,780,727 |
Gwinnett County Public Schools Foundation Fund Inc Suwanee, GA | $3,101,670 | $4,575,972 |
Florida Education Fund Inc Tampa, FL | $23,479,749 | $5,657,591 |