San Patricio Electric Education Tr

Organization Overview

San Patricio Electric Education Tr is located in Sinton, 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. San Patricio Electric Education Tr 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, San Patricio Electric Education Tr generated $174.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $43.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PAID OUT $16,500 IN SCHOLARSHIPS TO 29 DIFFERENT STUDENTS DURING THE TAX YEAR. THE SCHOLARSHIPS ARE PAID IN $500 INCREMENTS PER SEMESTER. STUDENTS ARE REQUIRED TO MAINTAIN A MINIMUM OF 12 SEMESTER HOURS AND A MINIMUM 2.5 GRADE POINT AVERAGE FOR THE PREVIOUS SEMESTER.


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Board, Officers & Key Employees

Name (title)Compensation
Clyde Stewart
Trustee
$0
Tom Mayo
Trustee
$0
Jim Bassett
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,233
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,233
Total Program Service Revenue$0
Investment income $64,126
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $107,544
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $174,903

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