Kootenai Electric Trust Inc
- Assets
- $79.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rathdrum, ID
- Founding
- 10/2003
- Data as of
- 12/2023
- EIN
- 74-3063596
Organization Overview
Kootenai Electric Trust Inc is located in Rathdrum, ID. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Kootenai Electric Trust 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, Kootenai Electric Trust Inc generated $97.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $90.8k during the year ending 12/2023. While expenses have increased by 2.6% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
DISBURSEMENTS WERE MADE TO VARIOUS GROUPS,CHARITIES, OR LIKE ORGANIZATIONS AS DEEMED NECESSARY ACCORDING TO THE BY-LAWS AND BOARD OF DIRECTORS WITH A HIGHER PRIORITY FOR FUNDING CRUCIAL NEEDS SUCH AS FOOD, SHELTER, CLOTHING, MEDICAL CARE, AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Piedmont Board Member | 1 | $0 | |
Dan Green Board Member | 1 | $0 | |
Randy Foiles Vice Chair | 1 | $0 | |
Cheri Zao Vice Chair | 1 | $0 | |
Jessica Bacon Wourms Secretary/treas | 1 | $0 | |
Jay Baker Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,522 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,522 |
| 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 | $0 |
| Other expenses | $1,428 |
| Total expenses | $90,817 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,535 |
| Other assets | $0 |
| Total assets | $79,360 |
| Total liabilities | $825 |
| Net assets or fund balances | $78,535 |