Choptank Electric Trust Inc

Organization Overview

Choptank Electric Trust Inc is located in Denton, MD. The organization was established in 2003. 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. Choptank 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 12/2021, Choptank Electric Trust Inc generated $348.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $384.7k during the year ending 12/2021. While expenses have increased by 4.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ACCEPT APPLICATIONS FROM NON-PROFIT ORGANIZATIONS/AGENCIES AND INDIVIDUALS IN THE COUNTIES OF CECIL, KENT, QUEEN ANNE, CAROLINE, TALBOT, DORCHESTER, WICOMICO, SOMERSET AND WORCHESTER IN MARYLAND FOR DONATION OF FUNDS TO BE USED FOR SCHOLARSHIPS, EDUCATIONAL AND OTHER COMMUNITY PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTIONS FOR SCHOLARSHIPS AND OTHER EDUCATIONAL AND COMMUNITY PURPOSES


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Board, Officers & Key Employees

Name (title)Compensation
Deborah Barnes
Vice Chairma
$0
Edward Henry Jr
Treasurer
$0
Deborah Luthy
Secretary
$0
Thomas Terry
Chairman
$0
Michael Boyle
Director
$0
John Moore
Director
$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$348,870
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$348,870
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $348,870

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Choptank Electric Trust Inc has recieved totaling $28,536.

Awarding OrganizationAmount
Community Foundation Of The Eastern Shore Inc

Salisbury, MD

PURPOSE: HUMAN SERVICES

$10,000
Community Foundation Of The Eastern Shore Inc

Salisbury, MD

PURPOSE: HUMAN SERVICES

$10,000
Paypal Charitable Giving Fund

Washington, DC

PURPOSE: General Support

$8,536
View Grant Recipient Profile

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