Northeast Oklahoma Electric Cooperative Foundation Inc
- Assets
- $119.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Vinita, OK
- Founding
- 08/1998
- Data as of
- 12/2023
- EIN
- 73-1544089
Organization Overview
Northeast Oklahoma Electric Cooperative Foundation Inc is located in Vinita, OK. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Northeast Oklahoma Electric Cooperative 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, Northeast Oklahoma Electric Cooperative Foundation Inc generated $157.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $180.0k during the year ending 12/2023. While expenses have increased by 1.7% 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, Northeast Oklahoma Electric Cooperative Foundation Inc has awarded 19 individual grants totaling $116,613. 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION'S FUNDRAISING PROGRAM CONSISTS OF ROUNDING UP EACH PARTICIPATING NORTHEAST OKLAHOMA ELECTRIC COOPERATIVE CUSTOMER'S BILL TO THE NEAREST DOLLAR. THE COOPERATIVE TRANSFERS THE ROUND-UP FUNDS TO THE FOUNDATION TO BE USED EXCLUSIVELY FOR CHARITABLE OR PHILANTHROPIC PURPOSES, INCLUDING, BUT NOT LIMITED TO, THE MAKING OF DISTRIBUTIONS TO INDIVIDUALS, FAMILY UNITS, GROUPS, ORGANIZATIONS, AND/OR CHARITIES OR LIKE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Eubanks Director | 0.8 | $0 | |
Curt Stutzman Director | 0.5 | $0 | |
Mike Teel Director | 0.8 | $0 | |
Sandye Berga Director | 0.5 | $0 | |
Linda Martin Director | 0.5 | $0 | |
Od Baker President (end Jul) | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,162 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,948 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $157,110 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $440 |
| Other expenses | $7,362 |
| Total expenses | $179,976 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $107,247 |
| Other assets | $0 |
| Total assets | $119,525 |
| Total liabilities | $0 |
| Net assets or fund balances | $119,525 |
Grants Awarded
Over the last fiscal year, Northeast Oklahoma Electric Cooperative Foundation Inc has awarded $22,686 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOME OF HOPE INC PURPOSE: LAPTOP COMPUTERS | $5,126 |
CHELSEA FIRE DEPARTMENT PURPOSE: PTO FOR TANKER TRUCK | $5,700 |
KANSAS POLICE DEPARTMENT PURPOSE: IN-CAR VIDEO SYSTEMS | $5,860 |
CRAIG CO NEIGHBOR HELPING NEIGHBOR PURPOSE: FOOD | $6,000 |