Iec Foundation Inc is located in Cleveland, OK. The organization was established in 1995. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iec 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, Iec Foundation Inc generated $26.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $26.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE ASSISTANCE FOR INDIVIDUALS, FAMILIES, AND OTHER ORGANIZATIONS WITHIN THE IEC SERVICE DISTRICTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Barbara Clovis Dist 1 Member | 0 | $0 | |
Beverly Daugherty Treasurer | 0 | $0 | |
Angela Frew Dist 5 Member | 0 | $0 | |
Anna Harris Secretary | 0 | $0 | |
Clara Eulert Ex-Officio | 0 | $0 | |
Patricia Ann Daley Vice President | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $26,258 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $277 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $26,535 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $23,447 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $3,000 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $25 |
Total expenses | $26,472 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $27,473 |
Other assets | $0 |
Total assets | $27,473 |
Total liabilities | $0 |
Net assets or fund balances | $27,473 |
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