The Pedernales Electric Cooperative Scholarship Fund
- Assets
- $124.8k
- Revenue
- $168.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Johnson City, TX
- Founding
- 12/1999
- Data as of
- 12/2023
- 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 12/2023, Pedernales Electric Cooperative Scholarship Fund generated $168.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $103.9k during the year ending 12/2023. While expenses have increased by 8.1% 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, Pedernales Electric Cooperative Scholarship Fund has awarded 322 individual grants totaling $817,180. 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
2023
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 86 SCHOLARSHIPS WERE PAID DURING THE 2023 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 | |
Caroline Decamp Vice President | 1 | $0 | |
Sharon Houghton Treasurer | 1 | $0 | |
Renee Semien Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $168,810 |
| 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 | $168,810 |
| 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 | $102 |
| Total operating and administrative expenses | $1,352 |
| Contributions, gifts, grants paid | $102,500 |
| Total expenses and disbursements | $103,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,755 |
| 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 | $124,755 |
| 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 $102,500 in support to 86 organizations.
| Grant Recipient | Amount |
|---|---|
AARJAV VANI PURPOSE: SCHOLARSHIP | $1,000 |
ABBIGAIL ARCAYA PURPOSE: SCHOLARSHIP | $1,000 |
ABIGAIL BOLANOS BONILLA PURPOSE: SCHOLARSHIP | $1,000 |
ADDISON VICKERS PURPOSE: SCHOLARSHIP | $1,000 |
AEDAN MCLENNAN PURPOSE: SCHOLARSHIP | $1,000 |
AIDAN CRUZ PURPOSE: SCHOLARSHIP | $1,000 |