Central Electric Member Care Trust Inc
- Assets
- $52.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sanford, NC
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 80-0958464
Organization Overview
Central Electric Member Care Trust Inc is located in Sanford, NC. The organization was established in 2017. According to its NTEE Classification (T31) the organization is classified as: Community 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. Central Electric Member Care 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 12/2022, Central Electric Member Care Trust Inc generated $114.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $114.7k during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE CHARITABLE SUPPORT TO THE COUNTIES OF CHATHAM, HARNETT, LEE, MOORE, AND RANDOLPH IN NORTH CAROLINA. DURING THE YEAR, CENTRAL ELECTRIC MEMBER CARE TRUST, INC. RECEIVED DONATED SERVICES FROM CENTRAL ELECTRIC MEMBERSHIP CORPORATION VALUED AT APPROXIMATELY 48,147.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Craig Lambert Chair | 1 | $0 | |
Priscilla Brower Vice Chair | 1 | $0 | |
Vickie Blue Sec / Treas | 1 | $0 | |
Etta Foushee Director | 1 | $0 | |
Larry Oldham Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,831 |
| 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 | $114,831 |
| 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 | $0 |
| Total expenses | $114,734 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,409 |
| Other assets | $0 |
| Total assets | $52,095 |
| Total liabilities | $0 |
| Net assets or fund balances | $52,095 |