The Pedernales Electric Cooperative Scholarship Fund
- Assets
- $5.8k
- Revenue
- $101.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Johnson City, TX
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 74-2897600
Organization Overview
The Pedernales Electric Cooperative Scholarship Fund is located in Johnson City, TX. The organization was established in 1999. 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. Pedernales Electric Cooperative Scholarship Fund 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, Pedernales Electric Cooperative Scholarship Fund generated $101.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $101.1k during the year ending 12/2021. While expenses have increased by 11.8% per year over the past 6 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, Pedernales Electric Cooperative Scholarship Fund has awarded 220 individual grants totaling $667,180. 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
EXPENSES RELATED TO PROVIDING COLLEGE SCHOLARSHIPS TO STUDENTS WHOSE PARENT OR LEGAL GUARDIAN IS A MEMBER OF PEDERNALES ELECTRIC COOPERATIVE. A TOTAL OF 38 SCHOLARSHIPS WERE PAID DURING THE 2021 CALENDAR YEAR. SUCH PAYMENTS ARE MADE DIRECTLY TO THE EDUCATIONAL INSTITUTION ON BEHALF OF THE SCHOLARSHIP RECIPIENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Celeste Mikeska President | 1 | $0 | |
Sharon Houghton Treasurer 10/21-12/21 | 1 | $0 | |
Renee Semien Secretary | 1 | $0 | |
Vicki Hiser Director 1/21-10/21 | 1 | $0 | |
Caroline Decamp Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101,352 |
| 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 | $101,352 |
| 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 | $0 |
| Total operating and administrative expenses | $1,100 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $101,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,752 |
| 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 | $0 |
| Total assets | $5,752 |
| 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, The Pedernales Electric Cooperative Scholarship Fund has awarded $100,000 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
MAINUR KHAN PURPOSE: SCHOLARSHIP | $5,000 |
TALIA HANLEY PURPOSE: SCHOLARSHIP | $5,000 |
ANSHIKA KATRODIA PURPOSE: SCHOLARSHIP | $2,500 |
AIDEN GASBARRO PURPOSE: SCHOLARSHIP | $2,500 |
BENMET BELIHU SILESHI PURPOSE: SCHOLARSHIP | $2,500 |
ADRINE VARTANIAN PURPOSE: SCHOLARSHIP | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |